Research 

Research Interests: FinTech, Social Impact, Corporate Finance, Financial Markets, Investments

Selected Publications

1. "CEO political ideology and voluntary forward-looking disclosure", with A. Elnahas, N. Hossain, and JB Kim, (AFA paper),  Journal of Financial and Quantitative Analysis, forthcoming; (2023);

2.  "Standing out from the Crowd via Corporate Goodness: Evidence from a Natural Experiment." (Media Coverage: Harvard Law School Forum, George Mason University),  with J. He and J. Wu,  Journal of Financial and Quantitative Analysis, (2023); 

3. "Individualistic CEO and Corporate Innovation: Evidence from U.S. Frontier Culture", with J. Han, Z. Pan, and H. Zhang,  Research Policy (FT50, AJG4*), (2023);

4.  "Count on your subordinates: Executives' horizons and innovation", with C. Jiang, and M. Mohamed,  Journal of Banking and Finance, (2023);

5.  "Evaluation of individual and ensemble probabilistic forecasts of COVID-19 mortality in the US”,  with Cramer et al., PNAS, (2022); 

6. "Modeling and forecasting COVID-19", with Wang, L.,  et al., Notices of the American Mathematical Society, (The Notices is the world's most widely read mathematical journal), (2021). 

7. "Short Selling and Stock Price Crash Risk: Causal Evidence from a Natural Experiment," has been circulated as "The Pathogen, Scapegoat, or a Miracle Drug? Short Selling and Stock Price Crash Risk." with Xiaohu Deng and Jeong-Bon Kim (2020), (Media Coverage: Oxford Business Law OBLB)", Journal of Corporate Finance,  Link to Paper

8.  "Peer Firms’ Earnings Predictability and Pricing Efficiency—Evidence from IPOs", with Zabihollah Rezaee and Ji Yu (2020), European Journal of Finance; 

9. "Lending practices to same-sex borrowers," has been circulated as "The Rainbow of Credit", with H. Sun (2019), equal authors,  PNAS. (2019); 

(Paper Link /AEA Version/; media coverage: AEA / ASSA Video, HUD, Washington Post,  NBC, Bloomberg, Fortune, CNN, Financial Times, The Salt Lake Tribune, ABC, ... )

10. "Market Intraday Momentum",  with Yufeng Han, Sophia Li, and Guofu Zhou (2018), Journal of Financial Economics, Link to Paper 

11. "Does Local Religiosity Affect Organizational Risk-Taking? Evidence from the Hedge Fund Industry", with Ying Wang, and Jing Zhao (2018), Journal of Corporate Finance, (Lead Article); Eastern Finance Association (EFA) Outstanding Paper Award, Link to Paper(Media Coverage: Science X, EurekAlert, phys.org, ... )

12. "Firms’ earnings smoothing, corporate social responsibility, and valuation", with Joseph H. Zhang (2015), Journal of Corporate Finance, 32, 108-127