Research Interests

Information Aggregation in Financial Markets, Socially Responsible Investing, Corporate Finance


The Source of Information and Investment-Price Sensitivity

(with Alex Edmans and 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 69(9), 5618-5637, September 2023

Securities Markets Where Some Investors Receive Information About Cash Flow Betas
(with Shiyang Huang, Avanidhar Subrahmanyam, and Liyan Yang), Management Science (forthcoming)

Working Papers

Externalities of Responsible Investments, Revise and resubmit at Journal of Finance
(with Alessio Piccolo and Michele Bisceglia)

Responsible Investors and Stock Market Feedback, Revise and resubmit at The Accounting Review
(with Hui Chen)

In Short Supply: Efficiency Implications of Rational Attention Allocation, Reject and resubmit at Management Science
(with Ankit Kalda and Xiaoying Li)

Socially Responsible Divestment

​(with Alex Edmans and Doron Levit)

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)

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)