Publications
(Updated in Feb. 2022)
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RESEARCH INTERESTS
Role of information intermediaries on capital markets, Chinese and foreign capital markets, Fintech, Sustainable finance
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PUBLICATIONS
“Panda Games: Corporate Disclosure in the Eclipse of Search” (with Kemin Wang and Xiaoyun Yu), 2022, Management Science, forthcoming.
• European Finance Association Annual Meeting, Carcavelos, Portugal, 2019
• China International Conference in Finance, Tianjin, 2018, Winner of the XiYue Best Paper Award
• China International Forum on Finance and Policy, Beijing, 2018, Winner of the Excellent Paper Award
• China Financial Research Conference, Beijing, 2018
• ABFER Annual Conference, Singapore, 2018
• China Finance Review International Conference, Shanghai, 2017
“State Controlling Shareholders and Payout Policy” (with Chen Lin, Hang Liu, and Chenkai Ni), 2022, Journal of Financial and Quantitative Analysis, forthcoming.
• China International Conference in Finance, Tianjin, China, 2018
“Higher Education and Corporate Innovation” (with Dongmin Kong and Jian Zhang), 2022, Journal of Corporate Finance 72, 102165.
“Insider Sales under the Threat of Short Sellers: New Hypothesis and New Tests” (with Kemin Wang, Rencheng Wang, K. C. John Wei, and Yi Zhou), 2021, The Accounting Review, forthcoming.
• China International Conference in Finance, Xiamen, 2016
• Annual Conference of Asian Finance Association, Bangkok, 2016
• Annual Research Conference of Chinese Accounting Professors’ Association of North America, Guangzhou, 2016
• Indian School of Business Accounting Research Conference, Hyderabad, 2016
“Brain Drain: The Impact of Air Pollution on Firm Performance” (with Shuyu Xue and Xiaofeng Zhao), 2021, Journal of Environmental Economics and Management 110, 102546. Data
• HUK-CBI Conference on the Real Effects of Green Bonds and ESG, Hong Kong, 2019
• Conference on Asia-Pacific Financial Markets, Seoul, Korea, 2019
• Concurrent Issues in Finance and Accounting, Beijing, China, 2019
• International Conference on Financial Regulation and Financial Stability, Taiyuan, China, 2019
“Foreign Investment under the Spotlight of Home Media” (with Wai-Man Liu and Jing Yu), 2022, Journal of Money, Credit and Banking, forthcoming.
• Asian Finance Association Annual Conference, Tokyo, Japan, 2018
“Trust, Incomplete Contracting, and Corporate Innovation” (with Fei Xie and Wenrui Zhang), 2022, Management Science, forthcoming. Data
• Northern Finance Association Conference, Halifax, Canada, 2017
• Indian School Business Summer Research Conference, Hyderabad, India, 2017
• Asian Finance Association Annual Conference, Seoul, South Korea, 2017
• China International Conference in Finance, Xiamen, China, 2016
• European Meeting of Financial Management Association, Helsinki, Finland, 2016
“The More We Know, the Less We Agree: A Test of the Trading Horizon Heterogeneity Theory” (with Lili Dai, Jerry T. Parwada, and Donald W. Winchester), 2022, The Financial Review 57, 45-67.
• Financial Intermediation Research Society Conference, Lisbon, 2016
• European Finance Association Meeting in Vienna, Austria, 2016
• Annual Financial Market Liquidity Conference, Budapest, 2015
“Stock Market Liberalization and Innovation” (with Fariborz Moshirian, Xuan Tian, and Wenrui Zhang), 2021, Journal of Financial Economics 139, 985-1014.
• China International Conference in Finance, Tianjin, 2018
• Western Finance Association annual meetings, Monterey, 2014
• Northern Finance Association Conference, Ottawa, Canada, 2014
“Does the Media Spotlight Burn or Spur Innovation?” (with Lili Dai and Rui Shen), 2021, Review of Accounting Studies 26, 343-390. Data
• International Conference of The Japanese Accounting Review, Kobe, 2018
• Annual Congress of the European Accounting Association, Valencia, 2017
• Financial Research Network Conference, Barossa Valley, 2016
• ADBI Finance and Innovation Conference, Tokyo, 2016
• China International Conference in Finance, Chengdu, 2015
• Auckland Finance Meeting, Auckland, 2015
• Asian Finance Association Annual Meeting, Changsha, 2015
• Accounting and Finance Association of Australia and New Zealand, Hobart, 2015
“The Impact of XBRL Adoption on Local Bias: Evidence from Mandated U.S. Filers” (with Bing Li, Zhenbin Liu, and Wei Qiang), 2020, Journal of Accounting and Public Policy 39, 106767.
“Global Political Uncertainty and Asset Prices” (with Jonathan Brogaard, Lili Dai, and Phong Ngo), 2020, Review of Financial Studies 33, 1737-1780.
• FIRN conference, Snowy Mountain, Australia, 2014
• Paris Financial Management Conference, France, 2014
“Is Information Risk Priced? Evidence from Abnormal Idiosyncratic Volatility” (with Yung Chiang Yang and Chu Zhang), 2020, Journal of Financial Economics 135, 528-554.
• The SFS Finance Cavalcade, Atlanta, 2015
• ABFER Annual Conference, Singapore, 2015
• Asian Finance Association Annual Meeting, Bali, Indonesia, 2014, Winner of the Best Paper Award
• China International Conference in Finance, Chengdu, China, 2014
“Googling Investor Sentiment around the World” (with Zhenyu Gao and Haohan Ren), 2020, Journal of Financial and Quantitative Analysis 55, 549-580. Data
• Annual Meeting of Financial Management Association, Las Vegas, 2016
• Asia/Pacific Meeting of Financial Management Association, Sydney, 2016
• Annual Conference of Asian Finance Association, Bangkok, 2016
• Symposium on Emerging Financial Markets: China and Beyond, Hong Kong, 2016
• Vietnam International Conference in Finance, Danang, 2016
• International Finance and Banking Society Conference, Barcelona, 2016
“Investor Protection and the Value Impact of Stock Liquidity” (with Tao Huang, Fei Wu, and Jing Yu), 2020, Journal of International Business Studies 51, 72-94.
• FEW Mentoring of Women by Women workshop, Perth, Australia, 2013
• University of Queensland Research Forum, Brisbane, Australia, 2013
“Political Uncertainty and Finance: A Survey” (with Lili Dai), 2019, Asia-Pacific Journal of Financial Studies 48, 307-333.
• Conference on Asia-Pacific Financial Markets, Seoul, Korea, 2019
“News Media Coverage and Corporate Leverage Adjustments” (with Tung Lam Dang, Viet Anh Dang, Fariborz Moshirian, and Lily Nguyen), 2019, Journal of Banking and Finance 109, 105666.
• Vietnam International Conference in Finance, Hanoi, Vietnam, 2017
• FIRN Research Topic Group Meeting in Corporate Finance, Adelaide, Australia, 2017
• Financial Management Association Annual Meetings, Boston, 2017
• Australasian Finance and Banking Conference, Sydney, Australia, 2016
“Who Captures the Power of the Pen?” (with Jiaxing You and Le Zhang), 2018, Review of Financial Studies 31, 43-96. Data
• ABFER Annual Conference, Singapore, 2015
• Financial Management Association Asian Conference, Seul, Korea, 2015
• MIT Asia Conference in Accounting, Chengdu, China, 2014, Winner of the Best Paper Award
• Northern Finance Association Conference, Ottawa, Canada, 2014
• China International Conference in Finance, Chengdu, China, 2014
• Symposium on Emerging Financial Markets: China and Beyond, Beijing, China, 2014
• Asian Finance Association Annual Meeting, Bali, Indonesia, 2014
• International Conference on International Prosperity, Sydney, Australia, 2014
“The Determinants and Pricing of Liquidity Commonality Around the World” (Fariborz Moshirian, Xiaolin Qian, and Claudia Koon Ghee Wee), 2017, Journal of Financial Markets 33, 22-41.
“How Do Foreign Institutional Investors Enhance Firm Innovation?” (with Luong Hoang Luong, Fariborz Moshirian, Lily Nguyen, and Xuan Tian), 2017, Journal of Financial and Quantitative Analysis 52, 1449-1490.
• Annual Meeting of Financial Management Association, Orlando, 2015
• Entrepreneurial Finance and Innovation Conference, Newton, 2014
• FIRN Research Topic Group Meeting in Corporate Finance, Sydney, 2013
“The Governance Transfer of Blockholders: Evidence from Block Acquisitions and Earnings Management around the World” (with Lili Dai, Ravi Dharwadkar, and Linna Shi), 2017, Journal of Corporate Finance 52, 586-607.
• American Accounting Association Annual Meetings, Atlanta, 2014
“Dividend Policy and Earnings Management Across Countries” (with Wen He, Lilian Ng, and Nataliya Zaiats), 2017, Journal of Corporate Finance 42, 267-286.
• Annual Meeting of Financial Management Association, Chicago, 2013
• Eastern Finance Association Annual Meetings, St. Pete Beach, 2013
• China International Conference in Finance, Chongqing, China, 2012
• Financial Management Association European Annual Meeting, Istanbul, Turkey, 2012
• Accounting and Finance Association of Australia and New Zealand Conference, Melbourne, Australia, 2012
“What Drives Investment-Cash Flow Sensitivity Around the World? An asset tangibility Perspective” (with Fariborz Moshirian, Vikram Nanda, and Alexander Vadilyev), 2017, Journal of Banking and Finance 77, 1-17; Lead Article.
• Asian Finance Association Annual Meeting, Nanchang, China, 2013
• Australasian Finance and Banking Conference, Sydney, Australia, 2013
• Sirca Young Researcher Workshop, Sydney, Australia, 2013
•Annual Conference on Asia-Pacific Financial Markets of the Korean Securities Association, Seul, 2013, Winner of the Outstanding Paper Award
“Foreign Investor Heterogeneity and Stock Liquidity Across the World” (with Lilian Ng, Fei Wu, and Jing Yu), 2016, Review of Finance 20, 1867-1910.
• Chinese Finance Annual Meeting, Hangzhou, China, 2012, Winner of the Best Paper Award
• TCFA Best Paper Symposium, New York, 2011, Winner of the TCFA Best Paper Award
• China International Conference in Finance, Wuhan, China, 2011
• Five Star Forum, Beijing, China, 2011
“Foreign Institutional Ownership and the Global Convergence of Financial Reporting Practices” (with Vivian Fang and Mark Maffett), 2015, Journal of Accounting Research 53, 593-631.
• MIT Asia Conference in Accounting, Chengdu, China, 2014
• Singapore Management University Accounting Symposium, Singapore, 2012
• HKUST Accounting Research Symposium, Singapore, 2012
“The Governance Effect of the Media’s News Dissemination Role: Evidence from Insider Trading” (with Lili Dai and Jerry Parwada), 2015, Journal of Accounting Research 53, 331-366.
• Journal of Accounting Research Conference, Chicago, 2014
• European Financial Management Annual Meetings, Rome, 2014
• World Finance Conference, Venice, 2014
• Northern Finance Association Conference, Quebec City, Canada, 2013
• RSFAS Research Summer Camp, Batemans Bay, Australia, 2013
• FIRN conference, Hunter Valley, Australia, 2013
• Annual Behavioural Finance and Capital Markets Conference, Adelaide, Australia, 2013
“Political Uncertainty and Dividend Policy: Evidence from International Political Crises” (with Tao Huang, Fei Wu, and Jin Yu), 2015, Journal of International Business Studies 46, 574-595.
• Asian Finance Association Annual Meeting, Nanchang, China, 2013
• Chinese Finance Annual Meeting, Beijing, China, 2013
“The Invisible Hand of Short Selling: Does Short Selling Discipline Earnings Management?” (with Massimo Massa and Hong Zhang), 2015, Review of Financial Studies 28, 1701-1736.
• Northern Finance Association Conference, Quebec City, Canada, 2013, Winner of the CFA Society Toronto Award
• China International Conference in Finance, Shanghai, China, 2013, Winner of the TCW Best Paper Award
• Asian Finance Association Annual Meeting, Nanchang, China, 2013, Winner of the JUFE Best Paper Award
• FIRN conference, Tasmania, Australia, 2012
“International Political Risk and Government Bond Pricing” (with Tao Huang, Fei Wu, and Jing Yu), 2015, Journal of Banking and Finance 55, 393-405.
“Commonality in News Around the World” (with Lam Tung Dang and Fariborz Moshirian), 2015, Journal of Financial Economics 116, 82-110.
• MIT Asia Conference in Accounting, Chengdu, 2014
“Cross Listing and Liquidity Commonality Around the World” (with Dang Tung Lam, Fariborz Moshirian, and Claudia Wee), 2015, Journal of Financial Markets 22, 1-26; Lead Article.
“Investor heterogeneity and commonality in stock return and liquidity” (with Pan Deng, Jing Shi, and Fei Wu), 2015, Economic Systems 39, 458-473.
“Does PIN Affect Equity Prices Around the World?” (Previous title, “Informed Trading around the World”, with Sandy Lai and Lilian Ng), 2014, Journal of Financial Economics 114, 178-195.
• Asian Finance Association Annual Meeting, Nanchang, China, 2013, Winner of the SIRCA Best Paper Award
• Frontiers in Finance, Banff, China, 2011
• China International Conference in Finance, Beijing, China, 2010
• European Finance Association meetings, Bergen, Norway, 2009
• Nippon Finance Association Conference, Tokyo, Japan, 2009
• NTU International Conference on Economics, Finance and Accounting, Taiwan, 2009
“Does Auditor Choice Matter to Foreign Investors? Evidence from Foreign Mutual Funds Worldwide” (with Julia Chou and Nataliya Zaiats), 2014, Journal of Banking and Finance 46, 1-20; Lead Article.
• Eastern Finance Association Annual Meetings, Boston, 2012
• Annual Meeting of Financial Management Association, Denver, 2011 (Top ten session)
• American Accounting Association Annual Meetings, Denver, 2011
• China International Conference in Finance, Wuhan, China, 2011
• Conference on the Theories and Practices of Securities and Financial Markets, Taiwan, 2011
“Systematic Liquidity and the Funding Liquidity Hypothesis” (with Xiaolin Qian and Lewis Tam), 2014, Journal of Banking and Finance 45, 304-320.
“Large Foreign Ownership and Stock Price Informativeness Around the World” (with Wen He, Donghui Li, and Jianfeng Shen), 2013, Journal of International Money and Finance 36, 211-230.
“Information Environment and Equity Risk Premium Volatility Around the World” (with Sie Ting Lau and Lilian Ng), 2012, Management Science 58, 1322-1340.
• International Finance Conference, Queen’s University, Canada, 2008
• Asian /Nippon Finance Association International Conference, Yokohoma, 2008
• China International Conference in Finance, Dalian, China, 2008
“The World Price of Home Bias” (with Sie Ting Lau and Lilian Ng), 2010, Journal of Financial Economics 97, 191-217; Lead Article.
• McGill Conference on Global Asset Management, Montreal, Canada, 2007
• Western Finance Association annual meetings, Big Sky, Montana, 2007
• China International Conference in Finance, Chengdu, China, 2007
• Asian Finance Association Conference, Hong Kong, 2007
• Annual Meeting of Financial Management Association, Orlando, 2007