Publications:

Hendrik Bessembinder, Shuaiyu Chen, Michael J. Cooper, Jinming Xue and Feng Zhang, "Mutual Fund Flows and Investor Disappointment",  Accepted at Review of Financial Studies

Gurdip Bakshi, John Crosby, Xiaohui Gao, Jinming Xue, and Wei Zhou, "The Options-Inferred Equity Premium and the Slippery Slope of The Negative Correlation Condition," Journal Of Investment Management, Volume 22, Issue 3, 2024, pp. 56-80

Gurdip Bakshi, Xiaohui Gao, and Jinming Xue, "Recovery with Applications to Forecasting Equity Disaster Probability and Testing the Spanning Hypothesis in the Treasury Market," Journal of Financial and Quantitative Analysis, Volume 58, Issue 4, June 2023, pp. 1808 - 1842

Working Papers:

"Underlying Valuation Uncertainty, Strategic ETF Creation and Pricing Efficiency"

with Alan Guoming Huang, Russ Wermers, and Xing (Alex) Zhou

Reject and Resubmit at Journal of Financial Economics

Conferences: 2027 AFA, 2026 FIRS, 2025 NBER Financial Market Frictions and Systemic Risks Meeting, 2025 Four Corners Academic Meeting, 2025 EFA, the Inquire Europe Utrecht Autumn Seminar 2025, 2025 Fixed Income and Financial Institutions Conference.

• ETF Central: The Hidden Costs of Bond ETFs: How Pricing Gaps Create Arbitrage and Dilution

• ETF Stream: Hidden costs for bond ETF investors revealed in academic study

"Buy the Rumor, Sell the News: Liquidity Provision by Bond Funds Following Corporate News Events"

with Alan Guoming Huang and Russ Wermers

Reject and Resubmit at Journal of Financial and Quantitative Analysis

Conferences: AFA, Paris December, NFA, EFA (poster session), FIRS, MFA, EasternFA, CIRF, CICF, AsianFA.

• Media: Dow Jones

"Dealer Specialization and Market Segmentation"

with Chotibhak Jotikasthira, and Christian T. Lundblad

Conferences: 2026 Virtual Municipal Finance Workshop, 2024 WFA, 2024 CICF, 2024 NFA, 2024 AsianFA, 2023 FMA, 2023 University of Oregon Summer Finance Conference, First CUHK-RAPS Conference on Asset Pricing and Investment, 2023 FMA

• Best Paper semifinalist - Financial Management Association Meeting (2023)

• CICF Best Paper Awards (2024)

"Beyond Creation and Redemption: Principal Trading by Bond ETFs"

with Alan Guoming Huang, Maureen O'Hara, and Xing (Alex) Zhou

Conferences: 2026 CICF, 2026 FIRS

"Volatility Uncertainty, Disasters, and VIX Futures Contango"

with Gurdip Bakshi, John Crosby, and Xiaohui Gao

"Measuring Liquidity Provision by Customers in Corporate Bond Markets: Evidence from 54 Million Transactions" 

"Oil and Equity Return Predictability: The Importance of Dissecting Oil Price Changes"

with Haibo Jiang and Georgios Skoulakis