Financial Economists
Ping McLemore
Senior Financial Economist
Ping McLemore is a senior financial economist in the Supervision, Regulation and Credit department. Her role focuses on financial institution quantitative surveillance and supervisory model development. McLemore specializes in operational risk. Her research interests include operational risk, mutual funds and behavior finance.
McLemore joined the Richmond Fed in 2015 after earning her doctoral degree in finance from the University of Arizona.
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Federal Reserve Publications
Liberty Street Economics, May 17, 2019
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Publications
“Active Technological Proximity and Mutual Fund Performance” 2021, with Richard Sias, Chi Wan, and Zafer Yuksel. Journal of Financial and Quantitative Analysis accepted.
“Economic Policy Uncertainty and Self-Control: Evidence from Unhealthy Choices'' 2020, with Ivalina Kalcheva and Richard Sias, accepted at the Journal of Financial and Quantitative Analysis.
“Do Mutual Funds Have Decreasing Returns to Scale? Evidence from Fund Mergers” 2019, Journal of Financial and Quantitative Analysis 54: 1683-1711.
“Innovation: The Interplay between Demand-Side Shock and Supply-Side Environment” 2018, with Ivalina Kalcheva and Shagun Pant, Research Policy 47, 440-461.
- “Iowa Now” by Tom Snee, January 23, 2018
- “Business Record” January 24, 2018
- “UCR Today” by Omar Shamout, February 1, 2018
“Industry Costs of Equity: Incorporating Prior Information” 2018, The Financial Review 53, 153-183.
“Back-Tests of the Dividend Discount Model Using Time-Varying Cost of Equity” 2015, with George Woodward and Tom Zwirlein, Journal of Applied Finance 25, 75-94.
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Working Papers
“Haste Makes Waste: Banking Organization Growth and Operational Risk” 2021, with Scott Frame and Atanas Mihov.
“Global Banks and Systemic Risk: The Dark Side of Country Financial Connectedness” 2021, with Atanas Mihov and Leandro Sanz.
“Share Class Flow, Distribution Fees, and Intermediaries’ Incentives in Mutual Funds” 2021, with Ivalina Kalcheva