Working papers
Working papers
Operating leverage and risk premium (with Leonid Kogan, Harold H. Zhang, and Yifan Zhu)
Asset growth effect and Q theory of investment (with Leonid Kogan and Xiaotuo Qiao)
13. The debt-equity spread (with Hui Chen and Zhiyao Chen), JF accepted
12. Operating hedge and gross profitability premium (with Leonid Kogan and Harold H. Zhang), JF 2023
11. It depends on when you search! (with Xianwei Liu, Qiang Ye, Feng Zhao, Xiaofei Zhao), MISQ 2023
10. The opposing effects of complexity and information content on uncertainty dynamics: Evidence from 10-K filings (with Joon Woo Bae, Frederico Belo, Xiaoji Lin, and Xiaofei Zhao), MS 2022
9. Is the size premium really driven by firm size? (with Zhiyao Chen and Huijun Wang), JOI 2021
8. Expected investment growth premium (with Huijun Wang and Jianfeng Yu), FM 2021
7. Aggregate expected investment growth and stock market returns (with Huijun Wang and Jianfeng Yu), JME 2021
6. Labor-force heterogeneity and asset prices: the importance of skilled labor (with Frederico Belo, Xiaoji Lin, and Xiaofei Zhao), RFS 2017
5. Explaining momentum and value simultaneously, MS 2018
4. Short-run and long-run consumption risks, dividend processes, and asset returns (with Harold H. Zhang), RFS 2017
3. Asset pricing in production economies with extrapolative expectations (with David Hirshleifer and Jianfeng Yu), JME 2015
2. Government spending, political cycles and the cross section of stock returns (with Frederico Belo and Vito Gala), JFE 2012
1. Investor attention, psychological anchors, and stock return predictability (with Jianfeng Yu), JFE 2012