Forthcoming/Published Papers

1. Active Mutual Fund Common Owners: Returns and Proxy Voting Behavior with Ben Charoenwong and George Ye 

• Journal of Financial and Quantitative Analysis, Accepted

2. The Impact of Generative AI on Information Processing: Evidence from the Ban of ChatGPT in Italy with Jeremy Bertomeu, Yupeng Lin, and Yibin Liu 

• • Journal of Accounting and Economics, 2025

  • Algorithm for AI-Generated Content Detection (Open-Source Implementation of GPTZero)

3. Momentum and Individual Investor Trades: Evidence from Singapore with Allaudeen Hameed and Chek Ann Tan

• • Pacific-Basin Finance Journal, 2023, Invited to the Special Issue to honor Jegadeesh and Titman's Seminal Paper on Momentum (1993)

Working Papers

Generative AI and Capital Markets

1. The Economic Consequences of Disrupted Generative AI Adoption with Jeremy Bertomeu, Yupeng Lin, and Yibin Liu 

             R&R, RFS

1. 1. • Presentation: AFA 2025, Columbia & RFS AI in Finance Conference*, UC Berkeley*, Washington University in St Louis*, Baruch College*, Rutgers*, Lixin*, Fudan*, UIC Accounting Research Conference 2025*, 2024 China Tech-Fin Research Conference, 2024 Bretton Woods Accounting and Finance Ski Conference*, Tilburg Winter Symposium and Research Camp 2023 

      • Media Coverage: NewsRoom, AI Law Blawg

      • Listen to the music for a nice summary.

2. AI Information Processing, Misinformation, and Voluntary Disclosure: Theory and Evidence with Jeremy Bertomeu, Yupeng Lin, and Yibin Liu 

             R&R, JAR

2. 1. • Presentation: AFA 2026*, CICF 2025*, HKU*, NUS*,  Deakin*, NUS SGFIN-Fudan Shanghai Institute of AI for Science Workshop*, the Cross-Strait Accounting and Finance Symposium, Washington University in St Louis*

      • Listen to the music for a nice summary.

3. Talking to AI-Equipped Investors: A Field Experiment with Yupeng Lin, Yichen Su, and Nianhang Xu

   1. • Presentation: NUS*, Shanghai Jiaotong University, Nanjing University, Shanghai University of Finance and Economics*, Renmin University of China (×2), South China University of Technology*

Empirical Investment

4. The Dark Side of Geographically-Dispersed Information: Evidence from Lockdowns on Subsidiaries with Allaudeen Hameed, Massimo Massa, and Zhou Zhou

             R&R

4. 1. • Presentation: MFA 2025*, CICF 2025, SFU*, Cincinnati*, Edinburgh*, Missouri*, RMBS Summer Finance Forum, FMA Asia*, HKPU*

      • Link: CEPR

5. The Puzzling Value of Brick and Mortar: Geographic Presence in International Asset Management with Allaudeen Hameed and Massimo Massa

   1. • Presentation: FMA 2025, FMA 2023 PhD Consortium, NUS

      • Link: CEPR

6. Nominal Price Preferences, Investor Welfare and Market Quality with Allaudeen Hameed and Yuanyuan Pan

   1. • Presentation: CICF 2026*, Syracuse University*, NUS, Five-Star Asia-Pacific Workshop in Finance 2026*, Stony Brook University-SUNY*, University of Edinburgh*, Corvinus University of Budapest*

7. The Signalling Role of Earning Consistency in Conglomerates with Allaudeen Hameed and Massimo Massa 

             R&R

7. 1. • Presentation: ABFER 2023, MFA 2023*, Baruch College*, University of Illinois Chicago*, Stevens Institute of Technology*, University at Buffalo SUNY*, FMA Global 2022*, FMA 2022*, CICF 2022, NUS Risk Management Institute 2022

Work in Progress

Dissecting Human-AI Synergy: Evidence from Financial Statement Analysis

AI Agent for Research