"Lending Next to the Courthouse: Exposure to Adverse Events and Mortgage Lending Decision" with Da Huo, Mingzhu Tai, Yuhai Xuan, Journal of Financial and Quantitative Analysis, Forthcoming
“Relative Wealth Concerns, Executive Compensation, and Managerial Risk Taking,” with Qi Liu.
American Economic Journal: Microeconomics, 15: 568-98. 2023.
Press: Wall Street Journal here
“What is Certain about Uncertainty" with Danilo Cascaldi-Garcia, Cisil Sarisoy, Juan M. Londono, John Rogers, Deepa Datta, Thiago Ferreira, Olesya Grishchenko, Mohammad R. Jahan-Parvar, Francesca Loria, Sai Ma, Marius Rodriguez and Ilknur Zer. Journal of Economic Literature, 61: 624-654, 2023
“Anomaly Discovery and Arbitrage Trading,” with Hongjun Yan, Qi Liu, Xi Dong, Lei Lu.
Journal of Financial and Quantitative Analysis, Forthcoming
Coverage: QuantPedia here ValueWalk here
“Monetary Policy Uncertainty" with Lucas Husted and John Rogers.
Journal of Monetary Economics. 115: 20-36, 2020.
Included in most cited JME articles since 2018 (most recently published on the list): here.
A nontechnical summary of the index construction here. A cross-country version here.
Selected press: Wall Street Journal here; Brookings here; Econbrowser here; Deutsche Bank Research here; Chicago Booth Review here; Two Sigma Investments here; Cato Institute here.
“Contractual Managerial Incentives with Stock Price Feedback,” with Qi Liu and TC Lin.
American Economic Review, 109: 2466-2468, 2019.
A nontechnical summary here. Press: AEIdeas coverage here.
Code here. Data reference list here. Compensation change data here.
Journal of Economic Dynamics and Control, 90:98-117, 2018.
"Uncertainty, Carry Trade Excess Returns, and Risk Reversals,” with Lucas Husted and John Rogers.
Journal of International Money and Finance, 88:228-241, 2018.
Included in most cited JIMF articles since 2018 (most recently published on the list): here.
“Incentive Contracting Under Ambiguity Aversion,” with Qi Liu and Lei Lu.
Economic Theory, 66:929-950. 2016
Economics Letters, 137: 1-4, 2015 (Lead article).
“Government Connections and Financial Constraints: Evidence from a Large Sample of Chinese Firms,” with Bob Cull, Wei Li, Colin Xu,
Journal of Corporate Finance, 2015.
Included in the most relevant papers published at the JCF (most cited in the past two years): here.
International Economic Review, 55: 255-282, 2014.
Journal of Economic Dynamics and Control, 41:276-290, 2014.