PUBLICATION
1. “Risks and Returns of Cryptocurrency“, with Aleh Tsyvinski
Review of Financial Studies, 2021
RFS Editor’s Choice Article
2. “Common Risk Factors in Cryptocurrency”, with Aleh Tsyvinski and Xi Wu
Journal of Finance, 2022 [3-Factor Data]
3. “Long Run Risk: Is It There?”, with Ben Matthies
Journal of Finance, 2022 [N-index Data]
Reply to a critique of the paper
4. “How Does Shareholder Governance Affect the Cost of Borrowing? Evidence from the Passage of Anti-Takeover Provisions”, with Xi Wu
Journal of Accounting and Economics, 2023
Accepted/Conditional Accepted
5. “Institutional Investor Attention”, with Alan Kwan and Ben Matthies
Journal of Finance
6. “Labor Links, Comovement and Predictable Returns”, with Xi Wu
Journal of Financial and Quantitative Analysis
Winner of Q-Group Jack Treynor Prize
WFA Cubist Systematic Strategies Award for Outstanding Research
Best Paper Award of TAMU Young Scholars Finance Consortium
Chicago Quantitative Alliance Annual Academic Competition (Second Prize)
Working paper
“Inefficiencies of Carbon Trading Markets”, with Nicola Borri, Aleh Tsyvinski, and Xi Wu, 2024
“Performance Indicators of the Digital Age: Mobile Apps, Firm Disclosure, and Stock Returns”, with Shuping Chen, and Xi Wu, 2024
“One Factor to Bind the Cross Section of Returns”, with Nicola Borri, Denis Chetverikov, and Aleh Tsyvinski, 2024 (R&R)
“The Rise of User Concentration in Mobile Apps Market”, with Yufeng Huang and Xi Wu, 2023
“Weighted-Average Quantile Regression”, with Denis Chetverikov and Aleh Tsyvinski, 2022 (R&R)
“The Economics of Non-Fungible Tokens”, with Nicola Borri and Aleh Tsyvinski, 2022
“Accounting for Cryptocurrency Value”, with Aleh Tsyvinski and Xi Wu, 2022 (R&R)
“Identifying Shocks to Systematic Risk in Times of Crisis”, with Jacob Boudoukh, Toby Moskowitz, and Matthew Richardson, 2022
“How Do Investors Value Technology in Cryptocurrency? Evidence from Textual Analysis”, with Jinfei Sheng and Wanyi Wang, 2020
AMTD FinTech Center Prize
“Factor Clustering with t-SNE”, with Philip Greengard, Stefan Steinerberger, and Aleh Tsyvinski, 2020
“Labor-Based Asset Pricing”, 2020
Winner of Blackrock Applied Research Award