Research
Publications:
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
Working Papers:
Globally Consistent Creditor Protection, Reallocation, and Productivity Revise & Resubmit, Journal of Finance
2019 Cubist Systematic Strategies Research Paper Award
Law and Regulations Productivity, Innovation, and Entrepreneurship Real Asset Market
Selected Conferences: AEA 2020, WFA 2019, Annual Conference in Financial Economics Research by Eagle Labs at the Arison School of Business IDC Herzliya, SFS Cavalcade North America 2019
Summary: Resource reallocation across firms is an important mechanism through which creditor rights affect real outcomes.
Law and Regulations Productivity, Innovation, and Entrepreneurship Real Asset Market
Selected Conferences: EFA 2022, AFA 2022, NFA 2021, SFS Cavalcade North America 2021
Summary: Legal and trading frictions in collateralization collectively affect investment and production decisions.
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)
Law and Regulations Productivity, Innovation, and Entrepreneurship Corporate Governance
Read more here: Havard Law School Forum, Forbes
Selected Conferences: Weinberg/ECGI Annual Corporate Governance Symposium, SGF 2023, MFA 2023, AFA 2023, UNC Private Equity Research Symposium, EALE 2022, London Symposium on Law and Finance, LBS Private Capital Symposium, Rome Junior Finance Conference, HEC-McGill Winter Finance Workshop, CELS 2022, Southern California PE Conference
Summary: A common-favoring corporate law environment disciplines VCs' behavior in exit decisions.
Productivity, Innovation, and Entrepreneurship Corporate Governance
Selected Conferences: Northeastern University Finance Conference, GSU CEAR-Finance Conference, FMA Napa/Sonoma Conference, NBER (Chinese Economy), RCFS Winter Conference 2023, SFS Cavalcade Asia 2022, FOM 2022, CFEA 2022, Lone Star Symposium, CICF 2022, SGF 2022, MFA 2022, AFA 2022, Workshop on Entrepreneurial Finance and Innovation
Summary: Firms managed by CEOs with high-powered incentive contracts form more partnerships with China and transfer more technology to China.
The Supply and Demand for Data Privacy: Evidence from Mobile Apps, with Xinchen Ma and Huan Tang, Reject and Resubmit, Journal of Political Economy
Best Paper Award at the 2022 Annual Conference in Digital Economics
Law and Regulations Digital Economy Corporate Governance
Selected Conferences: SFS Cavalcade North America 2023, AEA 2023, Colorado Finance Summit, Oxford AI and Financial Market Conference, Queensland Corporate Finance Conference, USC Macro Finance Conference, WFA Early Career Women in Finance Workshop, Rome Junior Finance Conference, Platform and Data Workshop at Bank of Canada, Toulouse-Yale Regulating the Digital Economy workshop, Chicago Conference on Data and Welfare in Household Finance, 2022 Annual Conference in Digital Economics
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.
Law and Regulations Digital Economy Household Finance
Selected Conferences: FutFinInfo 2023
Summary: Limiting the tracking and sharing of personal information reduces financial fraud.
Cross-Border Institutions and the Globalization of Innovation, with Jean-Marie Meier and Ting Xu, Reject and Resubmit, Management Science
Law and Regulations Productivity, Innovation, and Entrepreneurship
Selected Conferences: CICF 2021, SFS Cavalcade North America 2021, NFA 2020, Pacific Northwest Finance Conference, 13th Annual Northwestern CLBE Conference on Innovation Economics, EFA 2020, MFA 2020, FIRS 2020 (canceled)
Summary: Strong cross-border legal institutions is a key driver of the globalization of innovation.
Does Mandating Women on Corporate Boards Backfire? (draft available upon request), with Jingjing Li and Kai Li
Law and Regulations Corporate Governance Labor and Finance
Selected Conferences: SFS Cavalcade North America 2023, Young Scholar Finance Consortium 2023
Summary: Aggressive board gender quotas can trigger backlash among firms, dampening female labor market participation.
The Political Economy of Decentralization: Evidence from Bank Bailouts, with Rainer Haselmann, Thomas Kick and Vikrant Vig
CICF Best Paper Award
Law and Regulations Productivity, Innovation, and Entrepreneurship Political Economy
Summary: The organizational design (decentralized vs. centralized) of bailout institutions affects the outcome of bank bailout decisions.