McIntire School of Commerce 

University of Virginia

 


Publications:

“Employment Protection and VC Investment: The Impact of Wrongful Discharge Laws”, with Wei Wang, forthcoming in Management Science.

“Is News Really News:  The Effects of Selective Disclosure Regulations” with Brent Kitchens and Robert Parham, forthcoming at Review of Finance.

“Do Analysts Distribute Negative Opinions Earlier?” with Sunny Yang, forthcoming at Journal of Financial Markets

“Passivity on the Board of Directors?”, 2022, Review of Corporate Finance Studies 

“IPO Quantity Revisions” (with Wei Wang), 2021, Journal of Banking and Finance.

“Entrepreneurial Manipulation and Staged Financing”, 2019, Journal of Banking and Finance.

“IPO Market Conditions and Timing over the Long Run” (with Wei Wang), 2018, chapter in Handbook of IPOs, Oxford University Press.

“Venture Capital and the Market for Talent During Booms and Busts”, 2017, Review of Finance, 21, 1875-1899.

“Making Waves: To Innovate or be a Fast Second?”, 2016, Journal of Financial and Quantitative Analysis, 51, 415-433.

“CEOs in Family Firms: Does Junior Know What He’s Doing?” (with Roberto Pinheiro),  2015, Journal of Corporate Finance, 33, 345-361.

“Extrapolation Errors in IPOs” (with Ying Xiao), 2015, Financial Management, 44, 713-751.

“Venture Capital Before the First Dollar: Deal Origination and Screening” 2012, Handbook of Venture Capital, Oxford University Press.

“IPO Information Aggregation and Underwriter Quality,” (with Wei Wang), 2011, Review of Finance, 15, 301-325.

Moral Hazard, Asymmetric Information and IPO Lockups,” (with Jaime Zender), 2010, Journal of Corporate Finance, 16, 320-332.

“Entrepreneurial Financing and Costly Due Diligence,” 2009, Financial Review, 44, 137-149.

“Cycles in the IPO Market” (with Gönül Çolak and Wei Wang), 2008, Journal of Financial Economics, 89, 192-208.

“The Misuse of Expected Returns” (with Eric Hughson and Mike Stutzer), 2006, Financial Analysts Journal, 62, 88-96. 

“Strategic Trading with Moral Hazard and Private Information,” 2005, Finance Research Letters, 2, 51-57. 

“IPOs with Buy-Side and Sell-Side Information Production: The Dark Side of Open Sales,” 2005, Review of Financial Studies, 18, 327-347.


Completed Working Papers:

“Strategic Concessions and the Failure Time of VC-Backed Firms with Hyun Kim and Shmuel Baruch

“Venture Capital and Creative Destruction” with Wei Wang