Published or Forthcoming Papers

“The Real Value of China’s Stock Market”, with Jennifer N. Carpenter and Robert F. Whitelaw, 2021, Journal of Financial Economics, 139(3), 679-696 (lead article).

“Subsidizing Failing firms: Evidence from Chinese Restaurants”, with Yinglu Deng, Jiaheng Yu and Hao Zheng, 2023, Journal of Financial and Quantitative Analysis, Forthcoming.

Working Papers

“SPAC IPOs and Sponsor Network Centrality”, with Chen Lin, Roni Michaely, and Shihua Qin. 

"Government Bond Risk and Return in the US and China", with Jennifer Carpenter and Robert Whitelaw.  

“ChatGPT, Generative AI, and Investment Advisory”, with Lei Huang and Sixuan Li. 

“Sanctions and the Cost of Sanctions: Evidence from the Russo-Ukrainian War”, with Lei Huang and Sixuan Li. 

“Medical Boards and CEOs”, with Dunhong Jin and Chao Yan. 

“The Financialization of Cryptocurrencies”, with Lei Huang, Tse-Chun Lin, and Jian Sun. 

“Conspicuous Consumption and Social Debt Overhang”, with Gang Liu. 

“Happy App Happy Tip: The Return Predictability From Amusement Apps Downloads Around the World”, with Tse-Chun Lin and Yican Liu. 

“Fostering Social Media Entrepreneurs: Evidence From A Field Experiment in China”.