Research

Publications:

The Value of Financial Intermediation: Evidence from Online Debt Crowdfunding (with Fabio Braggion, Alberto Manconi, and Nicola Pavanini; Journal of Financial Economics, 2025)

A summary of the paper is featured on the Machine Lawyering blog.

Household Credit and Regulatory Arbitrage: Evidence from Online Marketplace Lending (with Fabio Braggion and Alberto Manconi; Management Science, 2023)

The International Workshop on Financial System Architecture and Stability Best Paper Award 2018

A summary of this paper is featured on FinReg blog

Credit, Labor, and Political Unrest: Evidence from 1930s China (with Fabio Braggion and Alberto Manconi; Journal of Financial Economics, 2020)

SFS Cavalcade Asia-Pacific Best Paper Award in Corporate Finance 2017

A summary of this paper is featured on promarket.org

Working Papers:

Finance and Ideology: The Firm-level Channels (with Hao Liang and Rong Wang; Management Science, Revise & Resubmit)

A summary of this paper is featured on the Oxford Business Law Blog

Selected presentations: PBC School of Finance at Tsinghua University (2019); The Chinese University of Hong Kong, Shenzhen (2020); UNSW (2020); Workshop on Finance and Politics (2020); the 17th Corporate Finance Day (2020); University of Groningen (2020); Cheung Kong Graduate School of Business (2021); Fanhai International School of Finance, Fudan University (2021); the 37th International Conference of the French Finance Association (2021); FMA (2022)

Labor Unrest and Socially Responsible Hiring (with Jiaxing You and Bohui Zhang; Management Science, Revise & Resubmit)

Selected presentations: CICF (2022); TILEC Workshop on Economic Governance and Legitimacy (Tilburg, 2022); PRME France-Benelux Chapter (Rotterdam, 2022); China Financial Research Conference (Beijing, 2023); FMA Europe (Turin, 2024); FMA Asia (Seoul, 2024); AFBC (Sydney, 2024)

Easy Screening: Inattention and Household Financial Distress (with Sjoerd van Bekkum)

Selected presentations: Research in Behavioral Finance Conference (2022); Workshop Financial innovation: A threat to financial stability? (Atlanta, 2022); 3rd CEAR-RSI Household Finance Workshop (2022); Business Financing and Banking Research Group Annual Workshop (Sydney, 2022)

Social Stability and Resource Allocation within Business Groups

Finance Down Under Best Paper Award 2018 - Sponsored by CFA Society of Melbourne and CFA Institute Asia-Pacific Research Exchange

This project is supported by a research grant from the Institute for New Economic Thinking.

A summary of this paper is featured on the Ineteconomics.org

Selected presentations: Finance Down Under (Melbourne, 2018); Workshop at Erasmus School of Economics (2018); Workshop at Shanghai University of Finance and Economics (2018); Workshop at Shanghai Advanced Institute of Finance (2018); Workshop at BI Norwegian Business School (2018); European Economic Association (Lisbon, 2017); Workshop at Singapore Management University (2017); Workshop at Nanyang Technological University (2017)