My research explores how accounting data, financial disclosure, and information technologies shape capital allocation, investor behavior, and economic outcomes in both corporate and governmental contexts.
Investigating the incentives behind disclosure, the spillover effects of information across markets, and the pivotal role of accounting data and disclosure in driving capital flows and financial outcomes within corporate and municipal sectors
Riding the Blockchain Mania: Public Firms’ Speculative 8-K Disclosures
Management Science 2019; 65(12) pp. 5901-5913. (with Gus De Franco, Haibo Jiang, Pengkai Lin)Disclosure and Competition for Capital
Management Science 2023; 69(7) pp. 4312-4330.(with Christine Cuny, Hao Xue)Exposure to Superstar Firms and Financial Distress
Forthcoming Review of Accounting Studies.(with Dushyantkumar Vyas, Regina Wittenberg-Moerman, Wuyang Zhao)Bonding for Labor: Initial Evidence on Municipal Social Covenants for Labor Protection
Working Paper.(with Shushu Jiang)Opaque Markets, Visible Jobs: Real-Time Labor Demand and Municipal Finance
Working Paper.(with Shushu Jiang, Xinjie Ma)Who Knows More? Public Firm Information Spillovers into the Municipal Bond Market Around IPOs
Working Paper.(with Jie Cao, Lei Lei, Wahid Saffar)Studying how investors and institutions interpret complex financial disclosures, the cognitive biases that affect decision-making, and the role of new technologies in shaping information processing
Attention to Detail: How Do Information Users Process Exhibits in Form 10-K?
Working Paper.(with Yimeng Li, Pengkai Lin)Empowering the Many, Overpowering the Market? Open-Source Algorithms and Information Processing Efficiency
Working Paper.(with Richard Crowley, Pengkai Lin, Yuan Zhao)Examining how environmental, social, and governance factors impact public finance institutions, with a focus on regional disparities, vulnerable populations, and the effects of social and environmental challenges on local economic growth and innovation
“High” Innovators? Marijuana Legalization and Regional Innovation
Production and Operations Management 2023; 32(3), pp. 685-703.(with Pengkai Lin, Ricky Tan, Yuchen Zhang)Innovation Burnout: Wildfire Smoke and Its Drag on Corporate Brainpower
Working Paper.(with Jing Kong, Ling Lei Lisic, Yuchen Zhang)Stakeholder Powers, Information Processing Cost, and Emissions: Evidence from RSEI
Working Paper.(with Harlow Loch, Jing Kong)The Effects of School Shootings on Municipal Bond Pricing
Working Paper.(with John Donovan, Jessica Watkins)