Published Papers:
Does Managerial Ability Remain Valuable During Economic Shocks? Evidence from Monetary Policy, with Yang Gao and Jiayi Yuan, 2026. European Financial Management, Accepted.
Mergers and Acquisitions as Navigators of Climate Policy Shocks: Evidence from the NOx Budget Trading Program, with Yang Gao, Jiayi Yuan, and Malika Hamadi, 2026, Financial Management, 55 (3): 457-484. (Download)
The Informational Role of Trade Imbalances across Investor Types: Evidence from Macroeconomic Announcement Days in an Emerging Market, with Pedro Piccoli, 2026, Emerging Markets Review, Forthcoming. (Download)
Terminal Moments: An Active Inference Account of End-of-Life Experience, 2026, The Journal of Consciousness Studies, Forthcoming.
Entrepreneurship As Active Inference, 2026, Review of Behavioral Economics, Forthcoming. (Download)
Early-Life Disaster Exposure and the Investment Response to Monetary Policy, with Yang Gao, Jiayi Yuan, and Elie Menassa, 2026, Financial Review, 61 (3): 701-723. (Download)
From Monetary Policy to Capital Investment: The Role of Executive Compensation, with Jairaj Gupta and Elie Menassa, 2026, Review of Quantitative Finance and Accounting, 67: 81–116. (Download)
Waiting for Wealth Accumulation: The Investment Experience in Time, with Elie Menassa, 2025, Journal of Investing, 34 (4): 34-57. (Download)
The Fed Information Shocks and the Market for Corporate Control: Predictive and Causal Effects, with Leonidas Barbopoulos and Anthony Saunders, 2025, Journal of Corporate Finance, 90: 102681. (Download)
Making Decisions When Outcomes are Irreducible: Shackle's Imagination and Virtual Reality, 2025, Metroeconomica, 76 (2): 372-381. (Download)
The Free Energy Principle in Financial Markets: In Praise of “Noise Trading”, 2025, Review of Behavioral Economics, 12 (2): 173-190. (Download)
Central Bank Information Shocks, Value Gains, and Value Crashes, with Elie Menassa, 2024, Journal of Behavioral Finance, 25(1): 15-29. (Download)
Local Policy Uncertainty and the Firm’s Investment Reaction to Monetary Policy, with Yang Gao and Jiayi Yuan, 2024, Economics Letters, 234: 111473. (Download)
Uncertainty and Corporate Investments in Response to the Fed’s Dual Shocks, with Elie Menassa, 2023, Financial Review, Lead Article, 58, 463-484. (Download)
Geopolitical Risk and Corporate Payout Policy, with Jiayi Yuan, Yang Gao, and Jin Huang, 2023, International Review of Financial Analysis, 87: 102613. (Download)
The Informational Consequences of Good and Bad Mergers, with Leonidas Barbopoulos, 2023, Journal of Corporate Finance, 78: 102310. (Download)
Top-Tier Advisors and the Market Feedback Dynamics in Cross-Border M&As, with Jiayi Yuan and Malika Hamadi, 2023, International Review of Financial Analysis, 86: 102495. (Download)
Monetary Shocks and the Analyst Coverage of the Firm, with Leonidas Barbopoulos, 2022, Economics Letters, 218: 110776. (Download)
Monetary Policy and Anxious Presidents: The Effects of Monetary Shocks on Presidential Job Approval, 2022, Politics & Policy, 50 (2): 244-273. (Download)
The Fed’s Dual Shocks and the Housing Market, with Elie Menassa, 2022, Economics Letters, 218: 110730. (Download)
Monetary Policy and Information Production in the Secondary Market, 2021, with Elie Menassa, Economics Letters, 207: 110044. (Download)
The Conventional and Informational Impacts of Monetary Policy on the IPO Market, 2021, Economics Letters, 200: 109751. (Download)
Macroeconomic News and Acquirer Returns in M&As: The Impact of Investor Alertness, 2020, with Leonidas Barbopoulos and Anthony Saunders, Journal of Corporate Finance, 64: 101583. (Download)
The Impact of Monetary Policy on M&A Outcomes, 2020, with Leonidas Barbopoulos and Anthony Saunders, Journal of Corporate Finance, 62: 101529. (Download)
Do Corporations Learn from Mispricing? Evidence from Takeovers and Corporate Performance, 2020, with Leonidas Barbopoulos, International Review of Financial Analysis, 68: 101128. (Download)
Liquidity and Information Asymmetry Considerations in Corporate Takeovers, 2019, with Leonidas Barbopoulos, European Journal of Finance, 25:724-743 . (Download)
Paradigm Conflict and the Wealth Effects of Blockholder Formation in Private Target Acquisitions, 2019, with Elie Menassa, Journal of Behavioral Finance, 20:81-95. (Download)
The Valuation Effects of Investor Attention in Stock-Financed Acquisitions, 2018, with Leonidas Barbopoulos, Journal of Empirical Finance, 45:108-125. (Download)
The Earnout Structure Matters: Takeover Premia and Acquirer Gains in Earnout Financed M&A, 2016, with Leonidas Barbopoulos, International Review of Financial Analysis, 45:283–294. (Download)
On Mergers, Monetary Policy and Output Durability, 2015, Applied Economics Letters, 22:461–465. (Download)
Media:
The Triumph of a Local Focus in Troubled Times, with Yang Gao and Jing-Ming Kuo, Columbia Law School’s Blog on Corporations and the Capital Markets. (Link)
Summary of Lead Article in Aug 2023 Issue of the Financial Review. (Link)