Research

I was trained as an applied empiricist and my current work spans several areas in economics, finance, and accounting. I am particularly interested in topics related to technological innovation, the impact of taxation, development, and labor and accounting.

Publications

· Credit Constraints and the Demand for Higher Education: Evidence from Financial Deregulation Review of Economics and Statistics, 98:1 (2016), with Constantine Yannelis

· Quantifying the Premium Externality of the Uninsured Journal of the European Economic Association, 14:2 (2016), with Constantine Yannelis

· Technological Links and Predictable Returns Journal of Financial Economics, 132:3 (2019), with Charles M.C. Lee, Rongfei Wang, and Ran Zhang

· Trade and Management Review of Economics and Statistics, 103:3 (2021), with Nicholas Bloom, Kalina Manova, John Van Reenen and Zhihong Yu

· Corporate Income Tax, Capital Deepening and Labor Share: Regression Discontinuity Evidence from China Journal of Development Economics, 150, 102624 (2021), with Bing Li and Chang Liu

· Production Complementarity and Momentum Spillover Across Industries, Journal of Financial Economics, 155, 103812 (2024), with Charles M.C. Lee, Tianshuo Shi and Ran Zhang

· Unintended Workplace Safety Consequences of Minimum Wages, with Qing Liu, Ruosi Lu, and Meng Zhang, accepted at the Journal of Public Economics

Research Grants:

Principal Investigator, “Auditor Labor Market Mobility Constraints and Audit Outcomes: Evidence from Enforceability of Non-Compete Covenants,” RGC/GRF, CityU 11613721, 2021-2023, HK$259,993.

Principal Investigator, “Product Market Implications of Corporate Accounting Fraud: Evidence from Scanner Data,” RGC/GRF, CityU 11507023, 2023-2026, HK$ 536,648.00.

Working Papers with presentation information:

* indicates presentation by coauthors

Papers invited for resubmission:

Tickets to the Global Market: First U.S. Patents and Chinese Firm Exports, with Robin Kaiji Gong, Yao Amber Li, and Kalina Manova

Journal of International Economics (Revise and Resubmit)

Presentations: 2022 NBER SI Innovation session*; Australian Trade Workshop (2022)*, Hong Kong Online Trade Seminar*; HKUST*; University of Macau*; 2022 Empirical Investigations in International Trade 29th Annual Conference, San Diego*; 2022 Conference on Firms, Trade, and Development*; 2023 China Economic Summer Institute*; 2023 NBER China Economy Working Group Meeting

Accounting Standards and Antidumping Investigations, with Shang-Jin Wei, and Jin Xie

Revise and Resubmit at Journal of Accounting and Economics

Presentations: 2024 Conference in Financial Economics and Accounting*; 2024 JIAR Conference*; FARS Midyear Meeting 2024*; 2024 Journal of Accounting and Economics Conference (scheduled)*

Capital Markets Regulation and Human Capital Investments: Evidence from SOX and Accounting Major Choice, with Yinghua Li, Haotian Shi, and Xiao Xiao

Review of Accounting Studies (Revise and Resubmit)

Presentations: NUS Accounting Seminar (2022)*; SMU Accounting Seminar (2022)*

Tax Pass-through of Partnership Firms, with Yupeng Lin and Michael Shen

Review of Accounting Studies (Reject and Resubmit)

Presentations: 2022 ATA (American Taxation Association) Midyear Meeting

Working Papers:

· Corporate Taxes and Retail Prices, with Scott Baker and Constantine Yannelis

Presentations: 2019 SFS Cavalcade Asia-Pacific; 2020 Midwest Finance Association Annual Meeting; 2021 Financial Intermediation Research Society Conference; 2021 WFA (Western Finance Association) Annual Meeting*; 2019 NBER on Business Taxation*; NUS; MIT Sloan*; Stanford*; Northwestern University*; University of Minnesota*; University of Chicago*; Rice University*; UIUC*; GSU*; the Adam Smith Workshop*; the UNC Tax Symposium*; 2021 SFS Cavalcade NA*; 2021 Labor and Finance Group Meetings*; 2024 American Finance Association Annual Meeting (Scheduled)

· Input Capability, Core Competence, and M&As, with Qing Liu, Larry Qiu, and Chaoqun Zhan

Presentations: Wuhan University*; Jinan University*; 2022 HKU Trade and Development Workshop

· Not All Corporate Tax Cuts Are Created Equal: Evidence from Bonus Depreciation and M&A, with Qianqian Huang and Tao Yuan

Presentations: Lingnan University; Nanjing University; Renmin University of China;

· Demand Complementarity and Mergers and Acquisitions, with Xiao Jia and Nuo Shi

· Auditor Liability and Investment Efficiency, with Xiao Xiao

Presentations: 2019 HK Junior Accounting Faculty Conference

· Robot Penetration and State-dependent Cost Elasticity, with Yinghua Li and Nuo Shi

Presentations: 2022 MIT-Asia Accounting Conference; brownbag at CityU Accounting (2022); HK PolyU accounting seminar (2022); CUHK Accounting seminar (2022)

· Does the Rise of Robots Lead to More Dominant Human Leaders? Evidence from Earnings Conference Calls, with Zheng Wang and Bingyi Qin

Presentations: University of Melbourne Accounting Seminar (2022)*