Latest news:

June 28, 2026: The paper Retail Capital as a Stepping Stone in Venture Capital: Theory and Empirics receives the Yihong Xia Best Paper Award at China International Conference in Finance (CICF) 2026.

May 15, 2026: The paper Career Concerns, Short-Termism, and Real Options: The Case of Delegated Money Management is accepted by the Journal of Finance.

Past news:

September 21, 2025: The paper Avoiding Idiosyncratic Volatility: Flow Sensitivity to Individual Stock Returns is conditionally accepted by the Journal of Finance.

June 16, 2024: The paper Beyond Performance: Mutual Funds, Non-Alpha Services, and the Value of Financial Advisors receives the Best Paper Award at Financial Management & Accounting Research Conference (FMARC) 2024.

June 4, 2024: The paper A Horizon Based Decomposition of Mutual Fund Value Added using Transactions  is published in the Journal of Finance.

Feb 27, 2023: Ran Xing's research on "Explicit and Implicit Value of High-Turnover Investment Strategies" receives the Hans Dalborg Award.