Individualism During Crises, with Jingjing Li, Ting Xu and Natasha Z. Foutz, The Review of Economics and Statistics (2022) 104 (2): 368–385.
INFORMS CIST 2020 Best Paper Award
Read more here: Pre-print in CEPR Covid Economics, Issue 48. Marginal Revolution, Insights at Sauder, UVA Today
Cross-Border Institutions and the Globalization of Innovation, with Jean-Marie Meier and Ting Xu, Journal of Financial and Quantitative Analysis, Forthcoming
Globally Consistent Creditor Protection, Reallocation, and Productivity, Journal of Finance, Conditionally Accepted
2019 Cubist Systematic Strategies Research Paper Award
Financing the Global Shift to Electric Mobility, with Jan Bena and Huan Tang, Revise and Resubmit, Journal of Financial Economics
Selected Conferences: NBER SI (Household Finance), WashU Olin Finance Conference, Texas Finance Festival, FIRS, WFA, EFA
Summary: Electric vehicles face a higher financing cost due to the technological risk associated with them.
The Supply and Demand for Data Privacy: Evidence from Mobile Apps, with Xinchen Ma and Huan Tang, Resubmitted to Journal of Political Economy
Best Paper Award at the 2022 Annual Conference in Digital Economics
Selected Conferences: SITE, FIRS, EFA, SFS Cavalcade North America, Colorado Finance Summit, Platform and Data Workshop at Bank of Canada, Toulouse-Yale Regulating the Digital Economy workshop
Summary: Using web-scrapped privacy “nutrition” labels, we document several stylized facts regarding the supply of privacy. We further investigate how consumers and investors react to the standardized disclosure of data privacy practices.
Data as a Networked Asset, with Qiushi Huang, Ye Li, and Huan Tang
Best Paper Award at SAIF Annual Research Conference
GSU-MS AI and Fintech Conference Best Paper Award
Selected Conferences: RCFS Winter Conference, Duke-UNC Corporate Finance Conference, FutFinInfo, SFS Cavalcade North America, FIRS, CICF, EFA, Barcelona School of Economics Summer Forum, SAIF Annual Research Conference, GSU-MS AI and Fintech Conference, Annual Carey Finance Conference, AFA
Summary: Data sharing generates comovements in operational, financial, and stock-market performances among data-connected firms, and induces strategic complementarity in firms’ product-design choices.
Selected Conferences: NBER SI (Household Finance), NBER SI (Digital Economy), CFPB Research Conference, FIRS, FutFinInfo, George Tech-Atlanta Fed Household Finance Conference
Summary: Limiting the tracking and sharing of personal information reduces financial fraud.
Breaking the Data Chain: The Ripple Effect of Data Sharing Restrictions on Financial Markets, with Simona Abis and Huan Tang
Selected Conferences: NBER SI (Big Data and High-Performance Computing for Financial Economics), ITAM, Penn/NYU Conference on Law and Finance
Summary: Tightening privacy regulations can unintentionally erode market informational efficiency by reducing the value of granular digital footprints.
Conflicting Fiduciary Duties and Fire Sales of VC-backed Start-ups, with Yingxiang Li and Casimiro A. Nigro
Best Paper Award at HEC-McGill Winter Finance Workshop
2023 John L. Weinberg/IRRCi Research Paper Award (winner)
Read more here: Harvard Law School Forum, Forbes
Selected Conferences: EFA, Weinberg/ECGI Annual Corporate Governance Symposium, AFA, UNC Private Equity Research Symposium, LBS Private Capital Symposium, HEC-McGill Winter Finance Workshop, Southern California PE Conference
Summary: A common-favoring corporate law environment disciplines VCs' behavior in exit decisions.
Selected Conferences: NFA, SFS Cavalcade North America, AFA
Summary: Aggressive board gender quotas can trigger backlash among firms, worsening female labor market outcomes.
Selected Conferences: CEPR European Summer Symposium in Financial Markets, FMA Napa/Sonoma Conference, NBER (Chinese Economy), RCFS Winter Conference, FOM, AFA
Summary: Firms managed by CEOs with high-powered incentive contracts form more partnerships with China and transfer more technology to China.
The Political Economy of Decentralization: Evidence from Bank Bailouts, with Sampreet Goraya, Rainer Haselmann, Thomas Kick, and Vikrant Vig
CICF Best Paper Award
Summary: The organizational design (decentralized vs. centralized) of bailout institutions affects affects the efficacy of distress resolution.