Most of my papers can be downloaded from my SSRN page.
"Stakes and Investor Behaviors", (with Pengfei Sui). August 2022.
FRA (scheduled); Florida Finance Conference (scheduled)
"Social Transmission Bias: Evidence from an Online Investor Platform", (with Pengfei Sui). April 2022.
"The Gender Effects of COVID-19 on Equity Analysts", (with Frank Weikai Li). June 2022.
"What Gets Measured Gets Managed: Investment and the Cost of Capital", (with Zhiguo He and Guanmin Liao). July 2022.
The Macroeconomy and Finance in China Conference; NBER Chinese Economy (2021)
"A New Value Strategy", 2021.
Revise & Resubmit Review of Asset Pricing Studies
"The Portfolio-Driven Disposition Effect", (with Li An, Joseph Engelberg, Matthew Henriksson, and Jared Williams). 2022.
Revise & Resubmit Journal of Finance
AFA (2019); CEPR Household Finance Conference (2018)
AEA (2020); GSU/RFS FinTech conference; ABFER (2019); Cornell; USF; CKGSB; SAIF; Fudan (Fanhai);
Chicago Financial Institutions conference; Toronto FinTech conference; Renmin
ABFER, CEPR, and CUHK First Annual Symposium in Financial Economics (scheduled);
Reject & Resubmit Journal of Finance
"Ranking and Salience", March 2019.
"The Investment-Return Relation" (with Claire Hong). 2019.
"The Nominal Price Premium", (with Justin Birru). March 2017.
Critical Finance Review forthcoming.
"The Effect of Government Reference Bonds on Corporate Borrowing Costs: Evidence from a Natural Experiment" (with Mark Flannery and Claire Hong). 2021.
Management Science forthcoming.
VoxChina; SFS Cavalcade Asia-Pacific 2019; ABFER (2020, cancelled due to COVID)
"Investor Attention and Asset Pricing Anomalies" (with Lei Jiang, Jinyu Liu, and Lin Peng). 2022
Review of Finance 26 (3): 563-593.
"Demand Curves for Stocks Slope Down in the Long Run: Evidence from the Chinese Split-Share Structure Reform" (with Clark Liu). Feb 2021. Critical Finance Review forthcoming.
"Prospect Theory and Stock Market Anomalies" (with Nicholas Barberis and Lawrence Jin). 2021. Journal of Finance 76 (5): 2639-2687.
NBER Behavioral Finance; AFA (2020); Miami Behavioral Finance conference (2019)
"The Impact of Salience on Investor Behavior: Evidence from a Natural Experiment", (with Cary Frydman), 2020. Journal of Finance 75 (1): 229-276.
2018 TD Ameritrade Best Paper Award in Behavioral Finance
"The Cash Conversion Cycle Spread", Journal of Financial Economics 133 (2): 472-497. Link to SAS code
"Prospect Theory and Stock Returns: An Empirical Test", (with Nicholas Barberis and Abhiroop Mukherjee), 2016. Review of Financial Studies 29 (11): 3108-3139.
"Nominal Price Illusion", (with Justin Birru), 2016. Journal of Financial Economics 119 (3): 578-598.
"The Liability of Opaqueness: State Ownership and the Likelihood of Deal Completion in International Acquisitions by Chinese Firms", (with Jiatao Li and Peixin Li). Strategic Management Journal 40 (2): 303-327.
"Do Cross-Border Acquisitions Create Value? Evidence from Overseas Acquisitions by Chinese Firms", (with Jiatao Li and Peixin Li), 2016. International Business Review 25 (2): 471-483.
"Why Investors do not Buy Cheaper Securities? Evidence from a Natural Experiment", (with Kalok Chan and Zhishu Yang), 2019. Journal of Banking and Finance 101: 59-76.
"Acquiring Organizational Capital", (with Peixin Li, Weikai Li, and Zilong Zhang), 2018. Finance Research Letters 25: 30-35.