Research
Repositories:
Published Papers:
Strike Three: Discrimination, Incentives and Evaluation (with Daniel Hamermesh, Christopher Parsons, and Michael Yates)
American Economic Review, 101(4): 1410–35, 2011
When Do High Stock Returns Trigger Equity Issues? (with Aydoğan Altı)
Journal of Financial Economics, 103(1): 61-87, 2012
AFA 2008 (New Orleans)
Local Religious Beliefs and Mutual Fund Risk-Taking Behaviors (with Tao Shu and Eric Yeung)
Management Science, 58(10): 1779-1796, 2012 (lead article)
Media Mentions: CNN, Barron's, US News and World Report, Pittsburgh Post-Gazette, Financial Post
Do Local Investors Know More? Evidence from Mutual Fund Location and Investments
Quarterly Journal of Finance, 4(2): 1450010, 2014
WFA 2007 (Big Sky, Montana), 2009 CICF (Guangzhou)
Home Away From Home: Geography of Information and Local Investors (with Gennaro Bernille and Alok Kumar)
Review of Financial Studies, 28(7): 2009-2049, 2015
AFA 2012 (Chicago); FIRS 2011 (Sydney); FEA 2011 (IU-Bloomington)
Institutional Trading during a Wave of Corporate Scandals: 'Perfect Payday'? (with Gennaro Bernille and Qin Wang)
Journal of Corporate Finance [Special Issue on Financial Market Misconduct and Agency Conflicts], 34: 191-209, 2015
The Geography of Financial Misconduct (with Christopher Parsons and Sheridan Titman)
Journal of Finance, 73: 2087-2137, 2018
AFA 2015 (Boston); SFS Cavalcade 2014; NBER (CF) 2014
Has Local Information Advantage Disappeared? (with Gennaro Bernille, Alok Kumar, and Qin Wang)
Review of Financial Economics [Special Issue on Behavioral Finance], 37(1):38-60, 2019
EFA 2012 (Copenhagen), FEA 2011 (IU-Bloomington)
Sell-Side Analysts and Stock Mispricing: Evidence from Mutual Fund Flow-Driven Trading Pressure (with Kelsey D. Wei)
Management Science, 65(11): 5427-5448, 2019
AFA 2013 (San Diego); EFA 2012 (Copenhagen); FEA 2011; 2011 PSU Accounting Conference
Institutional Investors and Corporate Social Responsibility (with John R. Nofsinger and Abhishek Varma)
Journal of Corporate Finance, 58: 700-725, 2019
Institute for Quantitative Investment Research (INQUIRE) Europe Autumn Seminar 2018 (Budapest); FMA 2016; Conference on the Impact of Corporate Social Responsibility (2016; Wake Forest)
Do Conglomerates Operate More Efficiently than Single-Segment Firms? (with Neil Bhattacharya and Jeff Jiewei Yu)
Singapore Economic Review, 65(5): 1237-1270, 2020
Does Local Capital Supply Matter for Public Firms’ Capital Structures? (with Binay Adhikari and David Cicero)
Journal of Financial and Quantitative Analysis, 56(5): 1809-1843, 2021
CICF 2017 (Hangzhou); Paris Financial Management Conference 2017; FMA 2019
The Effect of Social Media on the Ethnic Dynamics in Donations to Disaster Relief Efforts (with Deserina Sulaeman)
Sustainability, 14(19), 12305, 2022; https://doi.org/10.3390/su141912305
Expanding Footprints: The Impact of Passenger Transportation on Corporate Locations (with Yatang Lin, Yu Qin, Jubo Yan, Jialiang Zhang)
Review of Finance, 27(3): 1119-1153, 2023; https://doi.org/10.1093/rof/rfac049
SFS Cavalcade – Asia Pacific 2018 , CICF 2019, Urban Economics Association 2019, AREUEA 2020
Life is Too Short? Bereaved Managers and Investment Decisions (with Clark Liu, Tao Shu, and Eric Yeung)
Review of Finance, 27(4): 1373–1421, 2023; https://doi.org/10.1093/rof/rfac067
CICF 2016, FEA 2016, EFA 2016 (Oslo), ABFER 2016, AFA 2020
Emerald Best Paper Award, China Finance Review International Conference (CFRIC) 2019
Startups' Demand for Accounting Expertise: Evidence from a Randomized Field Experiment (with Ofir Gefen and David Reeb)
Review of Accounting Studies, forthcoming; https://doi.org/10.1007/s11142-023-09775-8
Swimming Upstream: Struggling Firms in Corrupt Cities (with Christopher Parsons and Sheridan Titman)
Journal of Financial and Quantitative Analysis, Accepted
AFA 2016 (SF), ASU Sonoran 2015, UNC/Duke Corporate Finance Conference 2015
Explainable Natural Language Processing for Corporate Sustainability Analysis (with Keane Ong, Rui Mao, Ranjan Satapathy, Ricardo Shirota Filho, Erik Cambria, and Gianmarco Mengaldo)
Information Fusion, Accepted
Book Chapter:
Options Backdating and Shareholders (with Gennaro Bernille), in Corruption and Fraud in Financial Markets: Malpractice, Misconduct and Manipulation (John Wiley & Sons, 2020)
Selected Working Papers:
Corporate ESG Scores Do Not Reflect Their Deforestation Exposures (with Yingtong Zhu and Luis R. Carrasco)
R&R
Do fund managers’ commitments to responsible investing affect private information acquisition, information environment, and corporate sustainability? (with Sumit Agarwal, Yue Zhang, and Zhe Zong)
R&R
Agglomeration Effects in Initial Public Offerings (with Shahram Amini, Andrew MacKinlay, and Chishen Wei)
R&R
Who Do You Vote for? Same-Race Preferences in Shareholder Voting (with Qiaozhi (George) Ye)
Miami Behavioral Conference Finance 2022; EFA 2023 (Amsterdam; scheduled); AFA 2024 (San Antonio)
Choosing Startup Investors: Does Gender Matter? (with Ofir Gefen and David Reeb)
Cross-Border Trade Competition and International Stock Return Comovement (with Sungjune Pyun)
2019 Melbourne Asset Pricing Meeting
R&R
The “Green” Geography: Corporate Environmental Policies and Local Institutional Investors (with Abhishek Varma)
Green Finance Conference 2017 (Shanghai); ABFER 2018; FMA 2019
Institutional Presence (with Chishen Wei and Kelvin Tan)
AFA 2015 (Boston)
Information Environment and the Geography of Firms and Investors (with Gennaro Bernille and Shimon Kogan)
FIRS 2014 (Quebec), University of Washington Summer Finance Conference 2012
Do Shareholder Preferences Affect Corporate Policies?
EFA 2008 (Athens)
Google Scholar Citation: 2,086 (h-index: 12, as of Oct 2024); Scopus Citation: 806 (h-index: 9, as of Oct 2024); Web of Science Citation: 758 (h-index: 9, as of Oct 2024)