Research
PUBLICATIONS
"Offshore Activities and Financial vs Operational Hedging" with Gerard Hoberg, (SSRN Download) (Online Appendix)
Journal of Financial Economics, August 2017, Vol. 125 (2), 217-244 *Lead article
On the WFA, FIRS, and CFEA programs
** Text-based Offshoring Network Data is available for download here.
"The JOBS Act and the Costs of Going Public" with Susan Chaplinsky and Kathleen Hanley, (SSRN Download) (Online Appendix)
Journal of Accounting Research, September 2017, Vol. 55 (4), 795-836
On the Colorado Summer Accounting Research Conference, and EFIC (Entrepreneurial Finance and Innovation Conference) Brandeis University programs
Media coverage: CLS Blue Sky Blog -- Columbia Law School's Blog on Corporations and the Capital Markets
"The Offshoring Return Premium" with Gerard Hoberg, (SSRN Download) (Online Appendix)
Management Science, June 2019, Vol. 65 (6), 2445-2945
On the EFA program
** Text-based Offshoring Network Data is available for download here.
"Outsourcing through Purchase Contracts and Firm Capital Structure" with Gordon Phillips, (SSRN Download)
Management Science, January 2021, Vol. 67 (1), 363-387
On the AFA program
** Text-based Purchase Contract Data is available for download here.
Media coverage: The Economist
"Investor Demand for Leverage: Evidence from Equity Closed-End Funds" with Robert Dam and Shaun William Davies, (SSRN Download)
Review of Asset Pricing Studies, March 2024, Vol. 14(1), 1-39 *Editor's choice
Invited RAPS submission with the FRA conference
On the Mutual Funds, Hedge Funds and Factor Investing Conference at Lancaster University, CICF, and the University of Denver Summer Finance Conference programs
"How Do Foreign Labor Regulations Affect Firms’ Operating Strategies?" with Giorgo Sertsios, (SSRN Download) (Online Appendix)
Journal of Financial and Quantitative Analysis, forthcoming
On the UAndes Corporate Finance Conference, EFA, Finance, Organizations, and Markets (FOM) conference, Swiss Society for Financial Market Research Conference (SGF), MFA, FMA, and SFS Cavalcade programs
Semifinalist for the Best Paper Awards in Corporate Finance, Financial Management Association
WORKING PAPERS
🆕 "Patent Hunters" with Lauren Cohen, Umit Gurun, and Paula Suh (SSRN Download)
On the MFA, University of Kentucky Finance Conference, and SFS Cavalcade programs
"Information Disclosure and Peer Innovation: Evidence from Mandatory Reporting of Clinical Trials" with Po-Hsuan Hsu, Kyungran Lee, and Seungjoon Oh, (SSRN Download)
On the NFA, HKUST Finance Symposium, FARS Midyear Meetings, MFA, AAA, AIEA-NBER, EFA, and AFA programs
R&R at the Journal of Financial and Quantitative Analysis
"Initial Innovation Failure and Firm Growth" with Kyungran Lee and Seungjoon Oh, (SSRN Download)
Best Paper Award at the Finance Down Under
On the MFA, NFA, Frontiers of Finance Conference at Warwick Business School, Finance, Organizations, and Markets (FOM) conference, and Finance Down Under programs
R&R at the Review of Corporate Finance Studies (Invited submission with the RCFS Winter Conference)
"Speculative and Informative: Lessons from Market Reactions to Speculation Cues" with J. Anthony Cookson and Joonki Noh, (SSRN Download)
On the CICF, International Industrial Organization Conference (IIOC), MFA, the Future of Financial Information conference, NFA, FMA, NBER Big Data and Securities Markets, Swiss Society for Financial Market Research Conference (SGF), and AFA programs
"Who Finances Disparate Startups?" with Paula Suh, (SSRN Download)
On the FMA, Colorado Finance Summit, CICF, EFA, and HEC-McGill Winter Finance Workshop programs
Semifinalist for the Best Paper Awards in Financial Markets and Institutions, Financial Management Association
"Temporary Workers and Corporate Liquidity Management Decisions" with Jaehoon Hahn, Sandy Klasa, and Hyuksoon Lim, (SSRN Download)
On the Uandes Corporate Finance Conference Santiago, Labor and Finance Conference (canceled due to Covid), Australasian Finance and Banking Conference, New Zealand Finance Meeting programs
"Volatility Spillovers from Concentrated Upstream Production: Evidence from Minimum Wage Increases" with Nathalie Moyen
"Diffused Errors along Technology Spillovers: Evidence from the 510(k) Medical Device Market" with Po-Hsuan Hsu, Kyungran Lee, and Seungjoon Oh, (SSRN Download)
On the MFA program
"Survival of the most secretive: Firm bankruptcy and peer firm contract redactions" with Paul A. Griffin, Hyun A. Hong, and Kyungran Lee
On the AAA, EAA, and EFMA programs
"Does Free Speech Law Contribute to Voluntary Corporate Social Responsibility Disclosure? Empirical Evidence" with Paul A. Griffin, Hyun A. Hong, Boochun Jung, and Jiwoo Ryou
On the Southern California Accounting Research Conference, the Haskayne and Fox Accounting Conference, the Hawaii Accounting Research Conference, and AAA programs