Publications:
- A Market-Based Study of the Cost of Default, with Sergei Davydenko and Ilya Strebulaev, Review of Financial Studies, Vol. 25, No. 10, October 2012.
- Presented at: AFA 2012; EFA 2011.
- Media coverage: BusinessWire; Wall Street Journal
- Do Jumps Contribute to the Dynamics of the Equity Premium?, with John Maheu and Tom McCurdy, Journal of Financial Economics, Vol. 110, No. 2, November 2013.
- Presented at: AFA 2013; NFA 2012; SoFiE 2012; MFA 2012; CFEA 2011.
- Does Information Intensity Matter for Stock Returns? Evidence from Form 8-K Filings, Management Science, Vol. 63, No. 5, May 2017.
- Winner of 2012 Crowell Memorial Prize (third prize), Paper Competition, PanAgora Asset Management
- Presented at: EFA 2014; FARS 2015; EFA 2012 DT; NFA 2012; PanAgora Asset Management; Eastern FA 2012 (Winner of Best PhD Student Paper Award); MFA 2012. Previously titled as “Does Information Intensity Matter for Stock Returns? Evidence from SEC Current Report Filings” and “Information Intensity and the Cross-Section of Stock Returns”.
- Labor-Force Heterogeneity and Asset Prices: The Importance of Skilled Labor, with Frederico Belo, Jun Li, and Xiaoji Lin, Review of Financial Studies, Vol. 30, No. 10, October 2017.
- Presented at: WFA 2015; SFS 2015; SED 2014.
- Industry level labor skill data here.
- The Elephant in the Room: The Impact of Labor Obligations on Credit Markets, with Jack Favilukis and Xiaoji Lin, American Economic Review, Vol. 110, No. 6, June 2020.
- Presented at: 2018 NBER Summer Institute on Capital Markets and the Economy; Drexel-PFED Conference on Credit Markets and the Macroeconomy; SED 2017; 2017 Mitsui Finance Symposium on Labor and Corporate Finance; WFA 2016; SFS 2016; 2016 Adam Smith Asset Pricing Workshop; 2016 Econometric Society Winter Meetings.
- Why Are Bidder Termination Provisions Included In Takeovers?, with Zhiyao Chen, Hamed Mahmudi, and Aazam Virani, forthcoming at Journal of Financial and Quantitative Analysis, 2020.
- Winner of CELS 2016 Theodore Eisenberg Poster Prize
- Presented at: 2016 Journal of Law, Accounting, and Finance (JLFA) Conference at Northwestern; Conference on Empirical Legal Studies 2016 at Duke; Northern Finance Association 2013; Midwest Finance Association 2013; Toronto (Rotman); Oklahoma (Price).
Working Papers:
- Labor Force Telework Flexibility and Asset Prices: Evidence from the Covid-19 Pandemic, with Jack Favilukis, Xiaoji Lin, and Ali Sharifkhani.
- News as Sources of Jumps in Stock Returns: Evidence From 21 Million News Articles for 9000 Companies, with Yoontae Jeon and Tom McCurdy.
- Presented at: European Finance Association 2019 Meetings; Northern Finance Association 2019 Meetings; 2019 Risk Management and Financial Innovation Conference; CAAA 2019 Meetings.
- The Opposing Effects of Information Complexity and Information Content on Return Volatility, with Frederico Belo, Jun Li, and Xiaoji Lin. Under Revision.
- Winner of 2015 Crowell Memorial Prize (second prize), Paper Competition, PanAgora Asset Management
- Presented at: Cubist Systematic Strategies; University of Oklahoma; University of Waterloo; PanAgora Asset Management; 2015 Lone Star Finance Conference; Midwest Finance Association 2016 Meetings; 2016 Mid-Atlantic Research Conference (MARC) in Finance; 2016 China International Conference in Finance; Financial Management Association 2016 Meetings; American Finance Association 2017 Meetings.
- Social Media and Financial Information Asymmetry: Evidence from Information Aggregation on Wikipedia, with Alfred Liu, Sean Xu, and Michael Zhang.
- Presented at: Erasmus University; Georgia State University; George Washington University; MIT; University of Connecticut; University of Georgia; the European Centre for Economic Research (ZEW); 2014 NYAFF conference; 2015 FARS mid-year conference; 2015 CAAA meeting.
- The Neglected Risks in the Communication of Mortgage-Backed Securities Offering Process, with Harold H. Zhang and Feng Zhao.
- Presented at: University of Waterloo; Erasmus University; Second Annual (2015) Conference on Financial Market Regulation (SEC, Washington DC); 2015 China International Conference in Finance; Financial Management Association 2015 Meetings; 2016 Fixed Income and Financial Institutions Conference; 2016 Annual Conference on Financial Economics and Accounting (CFEA) at University of Toronto; The Future of Financial Information Conference 2019; 2019 CAAA Meetings,.
- The Power of Economic Networks: Investor Recognition Through Supply-Chain Relationship Disclosures, with Ling Cen, Erfan Danesh, and Chayawat Ornthanalai.
- Presented at: 2015 London Business School Trans-Atlantic Doctoral Conference; European Finance Association 2015 Meetings; Northern Finance Association 2015 Meetings; 2015 Annual Conference on Financial Economics and Accounting (CFEA) at Rutgers University; 2016 China International Conference in Finance.
- Gaming Disclosure Threshold by Financial Intermediaries: Evidence from Regulation AB, with Lantian Liang, Harold H. Zhang, and Feng Zhao.
- Presented at: Fordham University; SEC; 2015 Fixed Income Conference (Charlotte); 2015 MIT Asia Conference in Accounting; European Finance Association 2015 Meetings; Northern Finance Association 2015 Meetings; Financial Management Association 2015 Meetings; CFA-FRL-JIFMIM-Schulich Conference on Governance and Misconduct; 2016 China International Conference in Finance.
- The Impact of Labor Frictions on Corporate Liquidity Management, with Jack Favilukis, Xiaoji Lin, and Neng Wang. Work in Progress.