- Capital market imperfections and the resulting effects on asset prices, corporate finance, and real investment.
- Limits to arbitrage
- 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, Conditionally Accepted
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
Creative Destruction and Finance: Evidence from the Last Half Century with Claire Liang and Mengxin Zhao
Equity Market Liberalization, Fundamental Volatility, and External Finance with Jeffrey Pontiff and Mengxin Zhao
Equity Market Timing, Cash Savings, and Investment Smoothness: Evidence from Around the World with Mengxin Zhao