Selected Publications

[1]   “How are firms sold? The role of common ownership,” 2024, with M. Vahid Irani and Wenhao Yang. Journal of Financial and Quantitative Analysis, forthcoming.

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

[3]   “The (Large) Effect of Return Horizon on Fund Alpha,” 2023, with Hendrik Bessembinder and Michael Cooper. Critical Finance Review, forthcoming.

[4]   “Measuring the Quality of Mergers and Acquisitions,” 2023, with Atif Ellahie and Shenje Hshieh. Management Science, forthcoming.

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

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

[7]   “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.

[8]   “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.

[9]   “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.

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

[11] “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.

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

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

[14] “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

[1]   “Foreign Talent and Finance,” 2024, with Jun Chen, Shenje Hshieh, and Melvyn Teo.

[2]   “The Weighting Bias,” 2025.  

[3]   “Mutual Fund Flows at Long Horizon,” 2024, with Hendrik Bessembinder, Shuaiyu Chen, Michael Cooper, and Jinming Xue.

[4]   “Long-Run Post-Event Abnormal Returns in Global Stock Markets,” 2024, with Hendrik Bessembinder, Michael Cooper, and Wei Jiao.

[5]   “Contract Evaluation Horizon and Fund Performance”, 2024, with Jung Hoon Lee, Jayoung Nam, and Veronika Pool.

[6]   “Disclosing Share Repurchase More Frequently?”, 2024, with Mao Ye and Jason Zou.

[7]    “Non-random Survival and Long-Run Firm Performance,” 2024. Semifinalist for 2022 FMA Best Paper Award.

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