Jinfei Sheng
Assistant Professor of Finance
Merage School of Business, University of California Irvine
Address: 4291 Pereira Drive, Irvine, CA 92697
Email: jinfei.sheng[at]uci.edu
Research Interests:
Empirical Asset Pricing, Investments, Behavioral Finance, FinTech, Financial Intermediation
Working Papers
1. Asset Pricing in the Information Age: Employee Expectations and Stock Returns
Conferences: Tel Aviv Finance Conference, FIRS, "Machine Learning and Finance: The New Empirical Asset Pricing" at University of Chicago Booth, NFA, AFA Poster Session
Media coverage: AllAboutAlpha
2. The Attention Trigger Effect: Macro News and Efficient Processing of Micro News
(with David Hirshleifer)
Conferences: EFA, RCFS/RAPS Conference, Conference on Financial Economics and Accounting, Yale Whitebox Advisors Conference, AFA Poster Session
3. Macroeconomic Attention and Announcement Risk Premia
(with Adlai Fisher and Charles Martineau) [Internet Appendix]
Revise and Resubmit at Review of Financial Studies
Conferences: ASU Sonoran Winter Finance Conference, FIRS, NFA, CICF, Ivey Symposium on Intelligent Investing, Econometric Society Asia Meeting
Media coverage: Canadian Investment Review
4. Do Cryptocurrencies Have Fundamental Values?
(with Yukun Liu and Wanyi Wang)
Conferences: Conference on Financial Economics and Accounting (NYU), AFA Poster Session, CARF Research Workshop on FinTech, 2nd Future of Financial Information Conference, Shanghai-Edinburgh Fintech Conference, Miami Research Conference on Machine Learning and Business.
Media coverage: Forbes, Duke FinReg Blog
5. Cheaper Is Not Better: On the 'Superior' Performance of High-Fee Mutual Funds
(with Mikhail Simutin and Terry Zhang)
Conferences: EFA, NFA, CICF, Finance Down Under Conference, AFA Poster Session, LA Finance Day, Conference on Mutual Funds, Hedge Funds and Factor Investing
Media coverage: Citywire, Canadian Investment Review, Reddit
6. Do Mutual Funds Walk the Talk? A Textual Analysis of Risk Disclosure by Mutual Funds
7. How Does Soft Information Affect External Firm Financing? Evidence from Online Employee Ratings
(with Thomas Chemmanur and Harshit Rajaiya)
Conferences: EFA
Media coverage: Columbia Law School’s Blue Sky Blog
8. Are Demographics Responsible for the Declining Interest Rates: Evidence from U.S. Metropolitan Areas
(with Jack Favilukis and Terry Zhang)
Conferences: AFA, NFA, MFA
9. The Real Effects of Government Intervention: Firm-level Evidence from TARP
Conferences: AEA Poster Session, NFA, Econometric Society Summer Meeting
10. Do Investors Affect Financial Analysts' Behaviors? Evidence from Short Sellers
(with Yun Ke, Kin Lo, and Jenny Zhang)
Conferences: AAA, CAAA, LBS TADC