Publications
Limited Participation in International Business Cycle Models: A Formal Evaluation (with Viktoria Hnatkovska and Vadim Marmer), Journal of Economic Dynamics and Control, Vol. 39, February 2014, 255-272 [download pdf]
Corporate Cash Hoarding: The Role of Just-in-Time Adoption, Management Science, Vol. 64, No. 10, October 2018, 4858-4876 [download pdf]
Corporate Money Demand (with Toni Whited and Na Zhang), Review of Financial Studies, Vol. 34, No. 4, April 2021, 1834-1866 [download pdf]
R&D Dynamics and Corporate Cash Saving (with Jake Zhao), Review of Economic Dynamics, Vol. 43, January 2022, 263-285 [download pdf]
Working Papers
Corruption Responses as Size-based Tradeoffs: Evidence from Indonesian Firms (with Immanuel Lingga, Ishtiaq P. Mahmood, and Siddharth Natarajan), Organization Science, R&R [download pdf]
Corporate Saving over the Business Cycle (with Shaofeng Xu) [download pdf]
Unmasking International Greenwashing: Pollution Haven or Cost Efficiency? (with Zhixin Xu, Jake Zhao, and Wenkai Du) [download pdf]
Municipal Finance and Labor Mobility (with Pengjie Gao) [download pdf]
Work in Progress
The Growth of Chinese R&D and Innovation (with Jake Zhao) [download pdf]
Old Working Papers
Payment Systems and the Real Economy: Implications from India's Demonetization (with Mingzhi Wang and Na Zhang) [download pdf]
Product Market Competition: When the Choice between Cash and Inventory Matters [download pdf]