Technology Adoption, Market Power, and the Dual Dynamics of Value Premium and Markups, August 2025, with Chao Ying and Terry Zhang
The Human Capital of Remote Work, August 2025, with Jack Favilukis, Jing Gao, Ali Sharifkhani and Xiaofei Zhao | ICT Human Capital Data
Do Bankers Matter for Main Street? The Financial Intermediary Labor Channel, May 2024, with Yuchen Chen, Jack Favilukis and Xiaofei Zhao; Winner of 2022 CFRI Research Excellence Award
State Ownership, Asset Prices, and Monetary Policy Transmission: A Tale of Two Sectors, January 2024, with Frederico Belo, Dapeng Hao, Zhigang Qiu and Jincheng Tong
The Impact of Heterogenous Financial Shocks on Asset Prices and Corporate Decisions, June 2024, with Frederico Belo, Juliana Salomao and Fan Yang | Financial Shocks Data
Work in Progress
Investor Protection, Corporate Investment, and Valuation, with Yingcong Lan, Neng Wang and Jinqiang Yang
Labor Market Dynamics and Corporate Liquidity Management: Theory and Empirical Analysis, with Jack Favilukis, Neng Wang and Xiaofei Zhao