Research Interests

Information Aggregation in Financial Markets, Corporate Finance


The Source of Information and Investment-Price Sensitivity

(with Alex Edmansand Sudarshan Jayaraman), Journal of Financial Economics 126(1), 74-96, October 2017

A Theory of Financial Media

(with Eitan Goldman and Jordan Martel), Journal of Financial Economics 145(1), 239-258, July 2022

Voluntary Precision Disclosure and Endogenous Market Feedback

Management Science (forthcoming)

Working Papers

Socially Responsible Divestment

​(with Alex Edmans and Doron Levit)

Securities Markets Where Some Investors Receive Information About Cash Flow Betas

(with Shiyang Huang, Avanidhar Subrahmanyam, and Liyan Yang)

The Effect of Secondary Market Closure on Primary Market Funding Time: Evidence from Peer-to-Peer Lending

(with Craig Holden, Mingfeng Lin, Kai Lu, Zaiyan Wei, and Jun Yang) 

Ownership and Competition

(with Alessio Piccolo)

In Short Supply: Efficiency Implications of Rational Attention Allocation

(with Ankit Kalda and Xiaoying Li)

Market Feedback: Who Learns What

​(with Itay Goldstein and Liyan Yang)

Dirty Money: How Banks Influence Financial Crime

(with Janet Gao, Joseph Pacelli, and Yufeng Wu)

Externalities of Responsible Investments

(with Alessio Piccolo and Michele Bisceglia)

Greenwashing and Stock Market Feedback

(with Hui Chen)