Publications

1. Human Capital Reallocation across Firms: Evidence from Idiosyncratic Shocks (with Erik Gilje and Jérôme Taillard), [working paper]

• Review of Corporate Finance Studies, 2025, 14(3), 717-751

• Best Paper Award, Dayton Summer Finance Workshop, 2021

• Labor and Finance

2. Creative Destruction? Impact of E-Commerce on the Retail Sector  (with Sudheer Chava, Alexander Oettl, and Manpreet Singh), [working paper]

• Management Science, 2024, 70(4), 2168-2187

• Best Paper on Corporate Finance/Responsible Finance, Northern Finance Association, 2018

• Labor and Finance

3. Shocked by Bank Funding Shocks: Evidence from Consumer Credit Cards (with Sudheer Chava, Rohan Ganduri, and Nikhil Paradkar), [working paper]

• Review of Financial Studies, 2023, 36(10), 3906-3952

• Household Finance

4. Does History Repeat Itself? Business Cycle and Industry Returns (with Sudheer Chava and Alex Hsu), [working paper]

• Journal of Monetary Economics, 2020, 116, 201-218

• Third Place, Chicago Quantitative Alliance (CQA) Academic Competition, 2016

• Macro Finance

5. The Speed of Information and the Sell-Side Research Industry (with Daniel Bradley and Jonathan Clarke), [working paper]

• Journal of Financial and Quantitative Analysis, 2020, 55(5), 1467-1490

• FinTech, Labor and Finance

Working Papers

6. The Market Value of Fed Independence: High-Frequency Evidence from a Natural Experiment  (with Jérôme Taillard)

• Macro Finance

7. Where to Hire? Political Alignment and Internal Labor Allocation (with Wanyi Wang)

• 2025 Paris December Finance Meeting, 2025 MRS International Risk Conference

• Media Coverage: National Affairs

• Labor and Finance

8. Firm-Level Input Price Changes and Their Effects: A Deep Learning Approach (with Sudheer Chava, Wendi Du, Indrajit Mitra, and Agam Shah)

• Best Paper on Fintech, Financial Management Association, 2022

• 2025 Asian Bureau of Finance and Economic Research, 2024 Conference on Generative AI in Finance, 2023 American Finance Association, 2023 Cornell Conference on Emerging Technologies in Accounting and Financial Economics, 2023 Midwest Finance Association, 2022 Stanford SITE Conference on New Frontiers in Asset Pricing, 2022 UT Dallas Finance Conference, 2022 Georgia State University Conference on Financial Economics and Accounting, 2022 Swedish House of Finance Conference on Machine Learning and AI in Finance, 2022 University of Florida Research Conference on Machine Learning in Finance, 2022 China International Conference in Finance, 2022 Financial Management Association 

• Macro Finance, FinTech

9. ARM Loans and Local Monetary Policy Transmission: Evidence from the 2022-2023 Tightening Cycle (with Jérôme Taillard)

• 2025 China International Conference in Finance, 2025 MRS International Risk Conference, 2024 Boca Finance and Real Estate Conference

• Macro Finance, Household Finance, Labor and Finance

10. The Fed Information Effect and the Profitability Channel of Monetary Policy: Evidence and Theory (with Alex Hsu, Indrajit Mitra, and Yu Xu)

• 2025 Midwest Finance Association, 2025 Northern Finance Association, 2025 Midwest Macroeconomics Meeting, 2024 BSE Summer Forum Workshop on Macro Fluctuations with Micro Frictions, 2024 Asian Meeting of the Econometric Society, 2024 CIRF&CFRI Joint Conference, 2024 Shanghai Macroeconomics Workshop

• Macro Finance

11. Competition for Talent: The Impact of Venture Capital Investments on Incumbent Firms

• Best Paper on Firm Growth and Innovation, Northern Finance Association, 2019

• 2019 USC Finance, Organizations and Markets Conference, 2019 SFS Cavalcade, 2019 Northern Finance Association, 2019 KWC Conference on Entrepreneurial Finance

• Media Coverage: Institutional Investor

• Labor and Finance