- Capital market frictions and the resulting effects on asset prices, corporate finance, and real investment.
- Limits to arbitrage
- Stock return anomalies
- Law and finance
- Finance and growth
The Year-End Trading Activities of Institutonal Investors: Evidence from Daily Trades with Gang Hu, Jeffrey Pontiff, and Qinghai Wang, Review of Financial Studies, Forthcoming
The Business Cycle, Investor Sentiment, and Costly External Finance, with Mengxin Zhao, Journal of Finance, Forthcoming
Why Does the Law Matter? Investor Protection and its Effect on Investment, Finance, and Growth, 2012, with Tianyu Zhang and Mengxin Zhao, Journal of Finance LXVII, 313-350.
Fooled by Compounding, 2012, Journal of Portfolio Management 38 Winter, 108-116.
Share Issuance and Cash Savings, 2011, Journal of Financial Economics 99, 693-715.
Idiosyncratic Risk, Long-Term Reversal, and Momentum, 2010, Journal of Financial and Quantitative Analysis 45, 883-906.
- Second Place Award, Best Dissertation Proposal in Investments, 2005 FMA Meetings
Costly Arbitrage and Idiosyncratic Risk: Evidence from Short Sellers, 2010, with Ying Duan and Gang Hu, Journal of Financial Intermediation 19, 564-579.
Share Issuance and Cross-Sectional Returns: International Evidence, 2009, with Jeffrey Pontiff and Akiko Watanabe, Journal of Financial Economics 94, 1-17 (Lead Article).
- First Place Award, Jensen Prize for the Best Corporate Finance Paper in the Journal of Financial Economics in and Organizations
- Pacific Basin Finance Journal Research Excellence Award on Investments, 2008 Asian and Nippon Finance Associations Joint International Conference
When is Stock-Picking Likely to be Successful? Evidence from Mutual Funds, 2009, with Ying Duan and Gang Hu, Financial Analysts Journal 65, 55-65.
Does Academic Research Destroy Stock Return Predictability? with Jeffrey Pontiff
Investor Protection and Choice of Share Issuance Mechanism with Tianyu Zhang and Mengxin Zhao
U.S. Financial Markets Growth and the Real Economy with Claire Liang and Mengxin Zhao
Equity Market Liberalization and Equity Issuance with Jeffrey Pontiff and Mengxin Zhao
Capital Market Development and Externally Financed Cash Savings with Mengxin Zhao