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, Local Knowledge, and Firm Productivity: Evidence from an Emerging Economy (with Immanuel Lingga and Ishtiaq P. Mahmood), Strategic Management Journal, Reject & Resubmit [download pdf]
The Role of Corporate Saving over the Business Cycle: Shock Absorber or Amplifier? (with Shaofeng Xu) [download pdf]
Work in Progress
The Growth of Chinese R&D and Innovation (with Jake Zhao) [download pdf]
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]