Hongbin Cai

• [2004 RFS] 好项目，凭什么自己说了算？——把资本预算和工资条捆成同一道题Capital Budgeting in Multidivision Firms: Information, Agency, and IncentivesJun 2026
• [2001 JFE] 好项目反而拿不到钱：当经理「既会吹牛、又会偷懒」Capital Budgeting and Compensation with Asymmetric Information and Moral HazardJun 2026