ACADEMIC EMPLOYMENT
Full Professor of Finance, Stony Brook University, 2018 ~ Present
Associate Dean for Programs, College of Business, Stony Brook University, 2023 ~ Present
Associate Dean of Research and Faculty Development, College of Business, Stony Brook University, 2019 ~ 2023
Associate Professor of Finance (with tenure), Stony Brook University, 2016 ~ 2018
Associate Professor of Finance (with tenure), Florida State University, 2012 ~ 2017 (on leave from 2016 ~ 2017)
Assistant Professor of Finance, Florida State University, 2006 ~ 2012
SunTrust Professorship, Florida State University, 2015 ~ 2016
Dean L. Cash Professorship, Florida State University, 2010 ~ 2014
AFFILIATED ACADEMIC EMPLOYMENT
Director, Blockchain Business Lab, Stony Brook University, 2018 ~ Present
Co-Director, Center of Entrepreneurial Finance, Stony Brook University, 2018 ~ Present
Courtesy Appointment, College of Business, Florida State University, 2017 ~ Present
Affiliated Faculty, Department of Political Science, Stony Brook University, 2016 ~ Present
Research Affiliate, Center of Behavioral Political Economy, Stony Brook University, 2016 ~ Present
Affiliated Faculty, Applies Math & Statistics, Stony Brook University, 2023 ~ Present
EDUCATION
Ph.D. in Finance, The Ohio State University, 2006
Master of Arts in Economics, The Ohio State University, 2001
Bachelor of Arts in Finance (with Honors), Nanjing University, China, 1999
AREAS OF RESEARCH INTEREST
Asset pricing: Investor psychology and asset pricing and management, stock market seasonality, factor pricing models, short selling,
Alternative Investments: Investor composition and blockchain/crypto investments
Corporate finance: Managerial attributes, firm culture and policy, investor psychology and corporate events
Individual Investor, household and analyst behavior: Trust, reference point adaption, political preferences
AREAS OF TEACHING INTEREST
Investments (Undergraduate and Master’s Levels)
Behavioral Finance (Undergraduate, Master’s, and PhD Levels)
Theoretical and Empirical Asset Pricing (PhD level)
Personal Finance Management (Undergraduate)
Blockchain and Crypto in Business and Finance (Undergraduate)
Blockchain, Crypto, and Web3 in Business and Finance - Vertically Integrated Project (from UG to PhD and Post-doc)
UNIVERSITY SERVICES
Member
Member, Graduate Council, Stony Brook University (2025 - Present)
Secretary, Executive Board, Auxiliary Services Association (ASA), Stony Brook University (2023 - Present)
Member, Board of Directors, ASA, Stony Brook University (2019 - Present)
Investment Committee, ASA, Stony Brook University (Chair, 2019 - 2023; Member, 2023 - Present)
College of Business Dean's Search Committee, Co-Chair (2022 - 2023)
MSCHE Middle States Standard I Team (2022 - 2023)
Stony Brook University Project REACH Visioning Committee (2022)
Associate Dean of Research (ADR) Strategic Council (2021)
Search Committee of Provost and Vice President of Academic Affairs (2019)
COACHE Working Group on Promotion to Full Professor (2018)
COMMUNITY SERVICES
Founding organizer, The Friends of Women in Finance Symposium in Greater New York Meetup Group (FWFS-GNY, 2023 - Present)
A network to support research collaboration and career development of female academics in Greater New York.
Advisory Board member and CFO, Asian-American Entrepreneur Association VIP Club (AAEA Club, 2024 - Present)
A club to foster a vibrant community of leaders and innovators in the Asian-American entrepreneurial ecosystem.
Board member, Treasurer, and CFO, Asian-American Entrepreneur Association (AAEA, 2021 - Present)
A non-profit 501(c)(3) organization that bridges innovators, entrepreneurs, investors, artists and educators together to create value for Asian American businesses, start-ups and young entrepreneurs in their specialty field.
Founder and Director, Stony Finance Lab (2021 - Present)
A community-driven network dedicated to fostering personal financial responsibility and enhancing financial intelligence through life-long learning.
Faculty advisor, Generation She (2022)
Mentor, Stony Brook AAPI Mentorship Network (2021 - 2022)
COMMUNITY WORKSHOPS OR INTERVIEWS
"Seal the Deal" Financial Literacy Workshops: Investing 101 (2025)
"Money n' Mocktails: Understanding Fiscal Policy & Financial Responsibility" by the Political Science Society (2025)
SBU Weeks of Welcome (WOW) Workshops:
Take Advantage of Research and Practice Opportunities (2023)
Personal Finance for College Students (2022); Blockchain, Cryptos, and Web 3.0 (2022)
Planning Personal Finance (2021); Blockchain and Cryptos (2021)
Investing and Trading: Risk Management (2022); Blockchain and Cryptos: Risk and Opportunities (2022)
SBU Finance Society Workshop: Blockchain, Crypto, and NFT: Risk and Opportunity (2023), Blockchain, Cryptos, DeFi, and NFTs (2022)
SBU Investment Club Workshops:
Investing and Trading: Risk Management (2022); Blockchain and Cryptos: Risk and Opportunities (2022)
SBU WiCS HopperHacks Collab: Blockchain, Cryptos, and Web 3.0 (2022); Blockchain, Cryptos, and NFTs: Risk and Opportunities (2023)
The Shift Group "Let's Talk About Finance" Workshop (Panelist, 2021)
PROFESSIONAL SERVICES
Member
Advisory Council, Financial Analyst Journal (2015 - 2020)
Nominations Committee, Financial Analyst Journal (2018)
Editorial Board, Investment Management and Financial Innovations (2018)
Nominating Committee, Financial Management Association (2015 - 2016)
Conference organizer or co-organizer
Ad Hoc Referee or External Reviewer
Finance Journals: Journal of Finance, Review of Financial Studies, Journal of Financial and Quantitative Analysis, Review of Finance, Journal of Banking and Finance, Journal of Corporate Finance, Journal of Financial Intermediation, Journal of Money, Credit, and Banking, Financial Analysts Journal, Critical Finance Review, Financial Management, Journal of Empirical Finance, Quantitative Finance, Quarterly Journal of Finance, Journal of Financial Research, Financial Review, Pacific-Basin Finance Journal, Journal of Futures Market, Journal of Behavioral and Experimental Finance, Managerial Finance, Finance Research Letters, Investment Management and Financial Innovations, Review of Financial Economics, International Review of Economics and Finance, Journal of Emerging Markets Finance & Trade, Decisions in Economics and Finance, Journal of Multinational Financial Management, Quarterly Review of Economics and Finance, Borsa Istanbul Review, and others
Economics Journals: Economics Letters, Economic Modelling, Journal of Economic Behavior & Organization, Journal of Economic Psychology, Journal of The European Economic Association, Applied Economics, Applied Economics Letters
Accounting Journals: Review of Accounting Studies
General Business Journals: Management Science, Journal of Business Ethics, SAGE Open, Risk Analysis, Business and Politics
Psychology and General Social Science Journals: Acta Psychologica, Psychological Science, Nature Human Behavior, Journal of Economic Psychology
Funding Agencies: Netherlands Organization for Scientific Research (NWO), Research Grant Council (RGC) of Hong Kong, The Ministry of Education of China Chang Jiang Scholars Program
Book Publishers: Oxford University Press, McGraw-Hill, Routledge Research Publishing, Palgrave Macmillan, Yale University Press
Promotion & Tenure Cases (2015, 2016, 2017, 2018, 2020, 2022, 2023, 2024)
Conference Program Committee or Reviewer: FMA (2010, 2012, 2013, 2016, 2017), European Finance Association (2013 - 2025), SFS Finance Cavalcade (2011, 2020 - 2025), Midwest Finance Association (2015, 2020), Asian Finance Association (AsianFA 2015), World Finance Conference (2016, 2017), Annual Conference on Financial Economics & Accounting (2016), Journal of Law, Finance & Accounting Conference (2018), SunTrust Beach Conference Committee (2008 - 2010)
Session Chair, American Finance Association (AFA 2025), Financial Management Association (FMA) Annual Conferences (2006, 2013, 2021), Midwest Finance Association (MF) Annual Conference (2018), Midwest Finance Association (2018), Applied Finance Conference (2022, 2024)
Session Organizer, American Finance Association (AFA 2025), Financial Management Association (FMA) Annual Conferences (2012, 2013)
Conference/Workshop Presentation
China Financial Research Conference (CFRC) at Tsinghua University (2024)
8th Annual FinTech Conference in China at Shenzhen University (2024)
China Journal of Accounting Research (CJAR) Summer Research Workshop hosted by Sun Yat-Sen University (2022)
International Conference “Fintech in Emerging Markets” hosted by Guangxi University (Keynote, 2022)
Accounting Cooperation Forum of Jiaotong Universities (3rd annual conference, Keynote, 2021)
Shanghai Financial Forefront Symposium by Antai College of Economics and Management at Shanghai Jiao Tong University (2021)
SUNY-NYS FinTech Innovation Series 2: Entrepreneurship in Crypto and Decentralized Finance (Panelist, 2021)
Pazhou Forum at Guangdong University of Finance & Economics (2021)
GEC-FERC Finance Talk by Tianjin University (2021)
CIE-GNYC Convention (2020)
Smith Forum at Nanjing University (2020)
International Conference on Financial System Stability of Emerging Markets at Capital University of Economics and Business (Keynote, 2020)
CAST-GNY Seminar (2020)
NYC Block Plus Summit (Keynote, 2019)
Society of Quantitative Finance (2018)
The Association of Law and Economics Annual Meetings (ALEA 2017*)
The CEIBS Finance Conference (2016)
Eastern Finance Association Conference (EFA 2016*)
FMA Applied Finance Conference (FMAAFC 2015*)
World Finance Conference (WFC 2016*)
Midwest Finance Association Annual Conference (MFA 2015*, 2016*, 2018)
American Economic Association (AEA) (AEA 2014*)
Mid-Atlantic Research Conference in Finance (MARC 2013*)
Utah Winter Finance Conference (UWFC 2013)
Academy of Behavioral Finance & Economics Annual Conferences (ABFE 2009, 2012*)
CRSP forum (2010*)
American Finance/Economics Association Annual Conference (AFA/AEA/AFE 2008, 2011*, 2017)
Western Finance Association Annual Conference (WFA 2009)
Financial Management Association Annual Conference (FMA 2006, 2008, 2012*, 2013* two papers, 2015*, 2016* two papers, 2018,2020)
Behavioral Decision Research in Management Conference (BDRM 2006 paper/poster, 2008 paper/poster, 2010 poster)
Society of Judgment and Decision Making Annual Conference (SJDM 2005, 2006*)
China International Conference in Finance (CICF 2008, 2016, 2017, 2019)
Maryland Finance Symposium (2007)
Conference Discussion
8th Annual FinTech Conference in China at Shenzhen University (2024)
Shanghai Financial Forefront Symposium (2021)
Applied Finance Conference Hosted by St. John’s University (2018),
Fordham University Conference on China's Financial Markets and Growth Rebalancing (2017)
The Ohio State University Finance Alumni Conference (OSU-FAC 2014)
Midwest Finance Association Annual Conference (MFA 2014, 2015, 2016)
Driehaus Behavioral Finance Symposium, DePaul University (2011)
Academy of Behavioral Finance & Economics Annual Conferences (ABFE 2009)
Western Finance Association Annual Conference (WFA 2009)
China International Conference in Finance (CICF 2008, two papers; 2016, 2019, 2021)
Financial Management Association Annual Conference (FMA 2006 two papers, 2008, 2011, 2013, 2014)
________________________________________
Note: * Presentation done by co-authors
MEDIA COVERAGE
Newsday, "GENIUS Act Could Bring Stablecoin Payments to Long Island Businesses and Consumers, " by Brianne Ledda, May 20, 2025.
Newsday, "How Record-High Gold Prices Impact Long Island, " by Victor Ocasio, March 17, 2025.
The Statesman, "Investing Isn’t Just for the Finance Bros, Here’s How You Can Start Growing Your Money as a Student, " by Jenna Zaza, December 17, 2024.
Stony Brook Media Group Halftime Report, "Financial Literacy Interview", February 5, 2023.
Newsday, "Saving, Sacrificing: How Young LIers Reach Career and Homeownership Goals," by Rachel Weiss, December 6, 2022.
Stony Brook University Magazine, “Taking Care of Business,” by Liza Burby, November 11, 2022.
Newsday, "Stock Market Losses Have You Reeling? Experts Offer Tips to Cope, " by Ken Schachter, October 23, 2022.
Quantpedia, 'Are There Intraday and Overnight Seasonality Effects in China?", August 26, 2022.
George Mason University School of Business, "Even Smart Investors Get the Rainy-Day Blues," by Benjamin Kessler on November 12, 2021.
TBR Newsmedia, "Clouds Dampen Investor Reaction to Surprises," by Daniel Dunaief, July 9, 2021.
SUNY Tech Forward, Fintech Edition, "Exploring the Power of Investor Psychology in Shaping Financial Market Outcomes." June, 2021.
Stony Brook University News, “Taking Stock of How Weather Affects Investing,” by Robert Emproto, May 14, 2021.
The FinReg Blog, Global Financial Markets Center, Duke University School of Law, "Weather, Institutional Investors, and Earnings New," by Danling Jiang, Dylan Norris, and Lin Sun, May 13, 2021.
Institutional Investor, “Even the Most ‘Sophisticated’ Investors Have Rainy Days,” by Jessica Hamlin, April 28, 2021.
MarketWatch, “Earnings Season is Starting. Why You Might Want to Take a Look at the Weather, Too,” by Steve Goldstein, April 14, 2021.
Harvard Business Review, “Research: CEOs from Working-Class Families Support Less-Labor-Friendly Policies,” by Ramsey Khabbaz, July-August, 2020.
Shanghai Securities News, “Are Stock Returns Influenced by Weather?” by Zhipeng Yan, Sept 9, 2019.
Irish Times, “Is Bad Weather Bad for Stock Markets?” by Proinsias O'Mahony, Jul 31, 2018.
MarketWatch, "The Stock Market Suffers from Seasonal Affective Disorder Too," by Elisabeth Buchwald, June 17, 2018.
The Globe and Mail, "How Does the Human Element Influence the Stock Market?," by Ian McGugan, June 12, 2018.
Harvard Law School Forum on Corporate Governance and Financial Regulation, “Lawyer CEOs,” 07/11/2017.
Harvard Business Review, “Do Lawyers Make Better CEOs than MBAs?” 08/24/2017.
Bloomberg View, “Insider Trading, Bitcoin and Libor” 08/25/2017.
Brian Leiter’s Law School Reports, “Lawyers Make Better CEOs in Industries with High Litigation Risk (and worse CEOs elsewhere)” 08/25/2017.
Going Concern, “Accounting News Roundup: Should Lawyers Run Big 4 Firms?” 08/25/2017.
Global Legal Post, “Lawyers Make the Best CEOs for High-Risk Sectors” 08/25/2017.
Above the Law, “Lawyers Make Better Business Leaders Than MBAs” 08/25/2017.
Philadelphia Business Journal, “5 Things to Know Incl. a Study of Who Makes a Better CEO: An MBA or a Lawyer?” 08/29/2017.
Marginal Revolution, “Companies Run by Lawyers (Who’s Complacent?)” 08/29/2017.
Law.com, “When Lawyers are CEOs, Good Things Happen (Most of the Time)”, 07/12/2017.
Law.com, “Do Lawyers Make Better CEOs? Yes! Er, Maybe.” 10/13/2017.
Harvard Law School Forum on Corporate Governance and Financial Regulation, “Political Values, Culture, and Corporate Litigation,” 1/21/2016.
Traders Magazine, “How the Call-Put Implied Volatility Spread Options Trade Can be Profitable,” 2/18/2016.
Darwin Investing Network, “How the Call-Put Implied Volatility Spread Options Trade Can be Profitable,” 2/22/2016.
CFA Digest, “Call-Put Implied Volatility Spreads and Option Returns,” 2014, 24(6).
PRnewswire.com, “Firms’ Political Affiliation Predicts Likelihood of It Facing Certain Legal Woes, Says University of Miami Study,” 8/20/2012 .
IndexInvestor.com, “Financial Advisors’ Corner: Personality, Risk Tolerance, and Adaptation to Loss,” 11/2010.
ProfessorBainbridge.com, “Republican Corporate Managers Adopt Conservative Corporate Policies,” 11/30/2010.
Outlook Business Magazine, “An Analysis of Analysts,” 11/27/2010.