Research

PUBLICATIONS:

1. "Culture and R2", with Cheol S. Eun and Lingling Wang, Journal of Financial Economics, 2015, 115 (2), 283–303. [SSRN]

   • CFA Digest

2. "Public Corruption in the United States: Implications for Local Firms", with Nishant Dass and Vikram Nanda, Review of Corporate Finance Studies, 2016, 5 (1), 102-138. [SSRN]

   • ScienceDaily, National Affairs

3. "Truncation Bias Corrections in Patent Data: Implications for Recent Research on Innovation", with Nishant Dass and Vikram Nanda, Journal of Corporate Finance, 2017, 44, 353-374. [SSRN]

4. "Lending to Innovative Firms", with Sudheer Chava and Vikram Nanda, Review of Corporate Finance Studies, 2017, 6 (2), 234–289. [SSRN] [Appendix]

5. "Do Noisy Stock Prices Impede Real Efficiency?", Management Science, 2020, 66(12), 5990–6014. [SSRN] [Appendix]

6. "Geographic Clustering of Corruption in the United States", with Nishant Dass and Vikram Nanda, Journal of Business Ethics, 2021, 173, 577–597. [SSRN] [Appendix]

   • The Columbia Law School Blue Sky Blog

7. "Stock Market Information and Innovative Investment in the Supply Chain", with Lantian Liang and Ryan Williams, Review of Corporate Finance Studies, 2021, 10(4), 856-894. [SSRN]

8. "Stock-Market Disruptions and Corporate Disclosure Policies", with Jinglin Jiang and Vikram Nanda, Journal of Corporate Finance, 2021, 66, 101762. [SSRN]

   • Semifinalist for the FMA Best Corporate Finance Paper

9. "Intellectual Property Protection and Financial Markets: Patenting vs. Secrecy", with Nishant Dass, Vikram Nanda, and Dennis Park, Review of Finance, 2021, 25(3), 669-711. [SSRN][Appendix]

   • Finalist for the Pagano-Zechner Award for Best Non-Investments Paper in the Review of Finance

   • Norton Rose Fulbright, Tech Law & Business Report, PATENTLYO

10. "The Market for Corporate Control as a Limit to Short Arbitrage", with Costanza Meneghetti and Ryan Williams, Journal of Financial and Quantitative Analysis, 2023, 58(5), 2162-2189. [Appendix]

11. "Do Wall Street Landlords Undermine Renters' Welfare?", with Umit Gurun, Jiabin Wu, and Serena Xiao, Review of Financial Studies, 2023, 36(1), 70-121. [SSRN] [Appendix]

    • Harvard Kennedy School's The Journalist’s Resource, National Rental Home Council, California YIMBY, Dallas Business Journal, National Affairs, CNBC

12. "Tracing the Source of Liquidity for Distressed Housing Markets", with Rohan Ganduri and Serena Xiao, Real Estate Economics, 2023, 51(2), 408-440. [SSRN] [Appendix]

    • California YIMBY, National Affairs,

    • Top 10 Most Cited Article in Real Estate Economics 2022-2023

13. "Managerial Overconfidence and Market Feedback Effects", with Suman Banerjee, Shiyang Huang, and Vikram Nanda, Management Science, 2023, 69(12):7285-7305. [SSRN] [Appendix]

14. "Trust and Lending: An Experimental Study", with Kyle Hyndman and Jiabin Wu, Quarterly Journal of Finance, accepted. [SSRN]

WORKING PAPERS:

1. "Housing Stability and New Business Creation", with Serena Xiao

   • AREUEA National Conference 2021, UEA 2023

2. "Do Consumers Care About ESG? Evidence from Barcode-Level Sales", with Jean-Marie Meier, Henri Servaes, and Jiaying Wei

   • Boca-ECGI Corporate Finance and Governance Conference 2023, Annual Convening of the Wharton ESG Initiative, Conference on CSR, the Economy, and Financial Markets, UT Dallas Ann & Jack Graves Foundation Conference 2023, University of Delaware Weinberg Center/ECGI Corporate Governance Symposium 2024, Drexel University Corporate Governance Conference 2024, CICF 2023, CFEA 2023, MFA 2024, FIRS 2023 (scheduled) 

   • ECGI Conversations (Video), Harvard Law School Forum on Corporate Governance, London Business School (video), VoxEU, Knowledge at Wharton, Business Scholarship Podcast

   • Finalist for the John L. Weinberg/IRRCi Best Paper Award

3. "Culture and Stock Lending", with Danling Jiang and Baixiao Liu

4. "Experimenting with Firm Boundaries: The Case of Franchising", with Jiadi Xu (coming soon)

   • ASSA-AREUEA 2023

5. "Innovative Firms and the Endogenous Choice of Stock Liquidity", with Nishant Dass and Vikram Nanda

   • EFA 2012, TI-SoFiE 2012