My Curriculum Vitae

My SSRN Page

Publications: 

1. Reference-Dependent Preferences and the Risk-Return Tradeoff, (joint with Jianfeng Yu and Jinghua Yan), 2017, Journal of Financial Economics 123, 395-414.

2012 Q-Group Research Award, 2014 Chicago Quantitative Alliance Academic Competition (Third Prize)

2. Lottery-Related Anomalies: The Role of Reference-Dependent Preferences, (joint with Li An, Jian Wang, and Jianfeng Yu), 2020, Management Science 66, 473-501.

2016 CQAsia Academic Competition (First Prize)

3. Time-Varying Demand for Lottery: Speculation Ahead of Earning Announcements, (joint with Bibo Liu, Jianfeng Yu, and Shen Zhao), 2020, Journal of Financial Economics 138, 789-817.

4. Aggregate Expected Investment Growth and Stock Market Returns  (joint with Jun Li and Jianfeng Yu), 2021, Journal of Monetary Economics 117, 618-638.

5. The Expected Investment Growth Premium  (joint with Jun Li and Jianfeng Yu ), Financial Management 50(4), 905-933.

2018 PanAgora Crowell (Third Prize)

6. Is the Size Premium Really Driven by Firm Size?  (joint with Zhiyao Chen and Jun Li ), 2021, Journal of Investing 30, 127-143.

7. General Purpose Technologies as Systematic Risk in Global Stock Markets  (joint with Po-Hsuan Hsu and Wei Yang ), 2022, Journal of Money, Credit and Banking 54, 1141-1173 (Lead article).

     8. So Sue Me! The Cross Section of Stock Returns Related to Patent Infringement Allegations (joint with Fred Bereskin, Po-Hsuan Hsu, and William   Latham), 2022, Journal of Banking and Finance, Forthcoming.

Working Papers:

1. Characteristics-Based Factors  (joint with Zhuo Chen, Bibo Liu, Jianfeng Yu, and Zhengwei Wang)

2. Investor Sentiment and the Pricing of Characteristics-Based Factors  (joint with Zhuo Chen, Bibo Liu, Jianfeng Yu, and Zhengwei Wang)

     3. Extrapolative Market Participation (joint with Wanbin Pan, Zhiwei Su, and Jianfeng Yu)

     4. Extrapolation and Risk-Return Tradeoffs (joint with Qi Liu, Zhiwei Su, and Jianfeng Yu)

     5. Injunctions, Firm Value, and Technology Commercialization (joint with Fred Bereskin, and Po-Hsuan Hsu)