I hold a Ph.D. in Finance from the University of Rochester. My research focuses on asset pricing, mutual funds, short selling, securities lending, and corporate governance, with an emphasis on investor behavior, fund strategies, and market dynamics. I'm particularly interested in how the decisions of both individual and institutional investors shape financial outcomes and influence market efficiency.

Research interests: Asset Pricing, Mutual Funds, Securities Lending, and Corporate Governance.

Publications:

• Barking Up The Wrong Tree: Return-chasing in 401(k) Plans (with Pingle Wang), Journal of Financial Economics, 2023, 148 (1), 69-90.

Working Papers:

• The Role of Financial Markets in Mitigating Credit Market Bubbles (with Elena Asparouhova, Peter Bossaerts, and Dan Lu)
  • R&R at Journal of Financial Economics
• Lending at a Cost: Liquidity Fragility in Bond Mutual Funds (with Shuaiyu Chen and Pingle Wang).
• Unveiling Mutual Funds’ Securities Lending Strategies: Value versus Volume (with Shuaiyu Chen and Pingle Wang).
• SEC Monitoring and Investigations: Signaling from short-selling (with Silver Chung).
• Mutual Fund Governance: Do Long-term Relationships with Managers Blind Directors?