Select Publications

[1] “Mutual Fund Flows at Long Horizon,” 2026, with Hendrik Bessembinder, Shuaiyu Chen, Michael Cooper, and Jinming Xue. Review of Financial Studies, forthcoming.

[2] “Foreign Talent and Finance,” 2025, with Jun Chen, Shenje Hshieh, and Melvyn Teo. Management Science, forthcoming.

[3] “Measuring the Quality of Mergers and Acquisitions,” 2025, with Atif Ellahie and Shenje Hshieh. Management Science 71, 779-802.

[4] “How are firms sold? The role of common ownership,” 2025, with M. Vahid Irani and Wenhao Yang. Journal of Financial and Quantitative Analysis 60, 3380-3411.

[5] “The (Large) Effect of Return Horizon on Fund Alpha,” 2025, with Hendrik Bessembinder and Michael Cooper. Critical Finance Review 14, 389–424.

[6] “Long-Run Post-Event Abnormal Returns in Global Stock Markets,” 2025, with Hendrik Bessembinder, Michael Cooper, and Wei Jiao. Journal of International Business Studies 56, 1150–1169.

[7] “Hiring High-Skilled Labor through Mergers and Acquisitions,” 2024, with Jun Chen and Shenje Hshieh. Journal of Financial and Quantitative Analysis 59, 2762-2798.

[8] “Mutual Fund Performance at Long Horizons,” 2023, with Hendrik Bessembinder and Michael Cooper. Journal of Financial Economics 147, 132-158.

[9] “Long run stock returns after corporate events revisited,” 2022, with Hendrik Bessembinder, Critical Finance Review 11, 169-183.  

[10] “The Role of High-Skilled Foreign Labor in Startup Performance: Evidence from Two Natural Experiments,” 2021, with Jun Chen and Shenje Hshieh. Journal of Financial Economics 142, 430-452. Winner of the Best Paper Award of the 2019 TCU Finance Conference.

[11] “Characteristic-based benchmark returns and corporate events,” 2019, with Hendrik Bessembinder and Michael Cooper. Review of Financial Studies 32, 75-125. The characteristic-based expected returns used in this paper are uploaded to WRDS, Contributed Data.

[12] “Do insiders time management buyouts and freezeouts to buy undervalued targets?,” 2019, with Jarrad Harford and Jared Stanfield, Journal of Financial Economics 131, 206-231.

[13] “Predictable corporate distributions and stock returns,” 2015, with Hendrik Bessembinder, Review of Financial Studies 28, 1199-1241.

[14] “Director gender and mergers and acquisitions,” 2014, with Maurice Levi and Kai Li, Journal of Corporate Finance 28, 185-200. Winner of the Best Doctoral Student Paper in Behavioral Finance Award at the 2011 Annual Meeting of the Academy of Behavioral Finance & Economics.

[15] “Firm characteristics and long-run stock returns after corporate events,” 2013, with Hendrik Bessembinder, Journal of Financial Economics 109, 83-102.

[16] “Information precision and IPO pricing,” 2012, Journal of Corporate Finance 18, 331-348.

[17]  “Deal or no deal: Hormones and the mergers and acquisitions game,” 2010, with Maurice Levi and Kai Li, Management Science 56, 1462-1483.

Working Papers

[18]  “Anti-Harassment Policy and the Startup Labor Market”, 2026, with Jun Chen, and Song Ma.

[19]  “Disclosing Share Repurchase More Frequently?”, 2026, with Mao Ye and Jason Zou.

[20]  “The Weighting Bias”, 2026.

[21]  “Contract Evaluation Horizon and Fund Performance”, 2025, with Jung Hoon Lee, Jayoung Nam, and Veronika Pool.

[22]  “Non-random Survival and Long-Run Firm Performance,” 2025. Semifinalist for 2022 FMA Best Paper Award.

[23]  “Vanishing stock dividends,” 2021, with Avner Kalay.