About

Welcome to my website! I am interested in empirical asset pricing, investments, institutional investors, and financial accounting. My work has been published in the Journal of Finance, Journal of Financial Economics, Journal of Financial and Quantitative Analysis, and Journal of the American Statistical Association. My teaching includes undergraduate courses in corporate finance and financial modeling.

Publications

Efficiently Backtesting Conditional Value-at-Risk and Conditional Expected Shortfall, with Liang Peng, Gengsheng Qin, and Qihui Su 2020.

• Journal of the American Statistical Association, Volume 116, Issue 536, 2041-2052.

Leveraged Funds and the Shadow Cost of Leverage Constraints, with Zhongjin Lu, 2021.

• Journal of Finance, Volume 76, Issue 3, 1295-1338.

Delegated Monitoring, Institutional Ownership, and Corporate Misconduct Spillovers, with Ugur Lel and Gerald Martin, 2022.

• Journal of Financial and Quantitative Analysis, Volume 58, Issue 4, 1547-1581.

Heterogeneous Liquidity Providers and Night-minus-day Return Predictability, with Zhongjin Lu and Steve Malliaris, 2023.

• Journal of Financial Economics, Volume 148, Issue 3, 175-200.

Testing for Zero Skill in Stock Picking or Market Timing, with Lei Jiang, Liang Peng, and Qingsong Shan, 2023.

• Statistica Sinica, Forthcoming.

Working Papers

Propagation of Climate Disasters through Ownership Networks, with Matthew Gustafson, Ai He, and Ugur Lel

• Conferences: 2024 AFA Meeting, 2024 Bretton Woods Ski Conference, 2024 CSFN Conference on Governance and Sustainability, 2024 CICF, 2023 Texas A&M Young Scholars Finance Consortium, 2023 FIRS, 2023 JCF SI in Helsinki, 2023 AFFECT AFA Mentoring Workshop, WAPFIN@ Stern, FMA, CEIBS Finance & Accounting Academic Symposium

A Game of Disclosing "Other Events": Insights for Retail Investors, with Sean Cao and Tao Shu

• Conferences: 2024 HK Conference for Fintech, AI, and Big Data, 2024 CAPANA, 2024 EasternFA Conference, 2023 CFEA

Dual Class Shares and Firm Valuation: Market-wide Evidence from Regulatory Events, with Ugur Lel, Jeff Netter, and Annette Poulsen

• Conferences: 2023 EasternFA Meeting, 2023 European FMA

A One-factor Model for Expected Night-minus-day Stock Returns, with Zhongjin Lu

• Conferences: 2022 EasternFA Meeting, 2022 Southwestern Finance Association Meeting, 2021 Australasian Finance and Banking Conference

On Testing Time Series Momentum Using Predictive Regressions, with Lei Jiang, Liang Peng, and Bingduo Yang

Directly Measuring Attention: The Case of Amendments to 10K Annual Reports

Earnings Management and Distress Risk, with Xiao Ren

Teaching

Auburn University

• Advanced Business Finance (undergraduate), 2020-Present

University of Georgia

• Financial Modeling (undergraduate), Summer 2016, Spring 2017, Fall 2017, and Fall 2018