Publications

1. Capital-Market Consequences of Asymmetric Output-Price Rigidities, 2020, Journal of Monetary Economics, Vol 114, p. 221-239. Online Appendix

• Based on the First Chapter of Dissertation at HKUST

2. Anticompetitive Effects of Common Ownership: The Case of Paragraph IV Generic Entry (w/ Joseph Gerakos), 2020, AEA Papers and Proceedings, Vol 110, p. 569-572.

• Featured in Bloomberg

3. Horizontal Shareholdings and Paragraph IV Generic Entry in the U.S. Pharmaceutical Industry, 2021, The Antitrust Bulletin, Vol 66(1), p.100-112. Editors: Einer Elhauge, Sumit Majumdar, and Martin Schmalz

4. Undisclosed Material Inflation Risk (w/ Yaniv Konchitchki), 2023, Journal of Monetary Economics, Vol 140 (Supplement), p. S82-S100. Online Appendix

• Inflation: Drivers and Dynamics Conference 2022 hosted by the Federal Reserve Bank of Cleveland and the European Central Bank

• Featured in Newsroom @ BerkeleyHaas

5. Price Rigidities and the Value of Public Information (w/ Lifeng Gu), 2024, Journal of Accounting Research, Vol 62 (1), p. 137-179. Online Appendix 

6. Accounting Standards and Antidumping Investigations (w/ Stephen Teng Sun and Shang-Jin Wei), 2024, Journal of Accounting and Economics, Accepted for Publication. NBER Working Paper w33969

• 2024 Journal of Accounting and Economics Conference

7. Punish One, Teach A Hundred: The Sobering Effect of Punishment on the Unpunished (w/ Francesco D'Acunto and Michael Weber), 2023, Management Science, Accepted for Publication

• Winner of China Financial Research Conference (CFRC) Best Paper Award, 2018（2018 中国金融学术年会最佳论文奖） 

• Featured in Chicago Booth Review , China Business Knowledge@CUHK

Selected  Working Papers/Work in Progress

8. Trust and Contracts: Empirical Evidence (w/ Francesco D'Acunto and Jiaquan Yao), 2023 

• NBER Organizational Economics 2024, NBER Behavioral Finance 2024, AFA 2023, CICF 2021, Barcelona GSE Summer Forum 2021, EFA 2020, SFS Cavalcade NA 2020, FARS Midyear Meeting 2020 (Accepted)

• Featured in Personnel Economics Resources by Peter Kuhn

• Videos Asia-Pacific Corporate Finance Online Workshop, NBER Organizational Economics Working Group Meeting 

9. Nominal Rigidities, Earnings Manipulation, and Securities Regulation (w/ Erica X.N. Li, Pengfei Wang and Ji Zhang), 2024 NEW!

• Financial Fraud, Misconduct and Market Manipulation Conference 2025, Mediterranean Accounting Conference 2025, PHBS Workshop in Macroeconomics and Finance 2024, AFA 2024

10. Fake Entry (w/ Martin Schmalz), 2024

• 19th Annual Conference on Empirical Legal Studies, Sixth Edinburgh Corporate Finance Conference, 2nd Lake District Workshop in Corporate Finance, 2025 LUISS Finance Workshop, 2025 European Winter Finance Summit, ISB Summer Research Conference 2023, Adam Smith Workshop 2023

11. Nationalistic Labor Policies Deter Financial Innovation (w/ Francesco D'Acunto, Hengyi Huang, Michael Weber and Liu Yang), 2024 

• SFS Cavalcade Asia-Pacific 2025, 2nd International Economics Joint Conference , 2024 University of Sydney BFBRG Workshop, 2024 UTD Finance Conference, EFA 2024, Finance Down Under 2024, 22nd Annual FDIC Bank Research Conference, CICF 2023, ABFER 2023, AFA 2021

12. The Impact of Securities Regulation on New Keynesian Firms (w/ Erica X.N. Li and Ji Zhang), 2023

• CICF 2022, CICM 2022

13. Anticipated Privatization and Firm Objectives, 2020

• NBER China 2020

• Featured in China Business Knowledge @ CUHK

14. The Social Cost of Strategic Disclosure Timing: Evidence from Vehicle Safety Recalls (w/ Yizhou Xiao), 2021

Permanent Working Papers

15. Internal Capital Markets and the Transmission of Exchange-Rate Shocks (w/ Kang Shi and Jenny Xu), 2021

• CFRC 2019, CICF 2017, HKUST 3rd International Economics

16. Costly External Finance, Regulatory Regime, and the Strategic Timing of Vehicle Recalls (w/ Sudipto Dasgupta ), 2018

• AFA 2016, SFS Cavalcade NA 2016

• Featured in The Regulatory Review