Selected Publications

(Co-authored unless otherwise noted)

1.Estimating and Testing Long-run Risk Models: International Evidence, Management Science, 2025, 71(4), 2751–3636

2.Incomplete Information and the Liquidity Premium Puzzle, Management Science, 2021, 67(9), 5703–5729

3.Marijuana legalization and firms' cost of equity, Journal of Financial and Quantitative Analysis, 2026, forthcoming.

4.Non-standard Errors, Journal of Finance, 2024, 79(3), 1715–2393

5.Does Ambiguity Matter for Corporate Debt Financing? Theory and Evidence, Journal of Corporate Finance, 2023, 80(6), 102425

6.Alumni Network Centrality and Competitive Aggressiveness, British Journal of Management, 2025, 36(1), 255–283

7.The Impact of Geopolitical Risks on Tourism Supply in Developing Economies: The Moderating Role of Social Globalization, Journal of Travel Research, 2022, 61(4), 872–886

8.Does the Relative Importance of Push and Pull Factors of Foreign Capital Flows Vary Across Quantiles?, IMF Economic Review, 2022, 70, 252–299

9.Uncovered Equity “Disparity” in Emerging Markets, Journal of International Money & Finance, 2019, 98, 102066

10.On Cross-border Bank Credit and the U.S. Subprime Crisis Transmission to Equity Markets, Journal of International Money & Finance, 2016, 69, 108–134

11.Hot Money in Bank Credit Flows to Emerging Markets During the Banking Globalization Era, Journal of International Money & Finance, 2016, 60, 29–52

12.Time-varying Skills (Versus Luck) in U.S. Active Mutual Funds and Hedge Funds, Journal of Empirical Finance, 2018, 49(12), 81–106

13.In Search of the Optimal Number of Fund Subgroups, Journal of Empirical Finance, 2019, 50(1), 78–92

14.Improved Inference for Fund Alphas Using High-dimensional Cross-sectional Tests, Journal of Empirical Finance, 2021, 61(3), 57–81

15.Google Search Queries, Foreclosures, and House Prices, Journal of Real Estate Finance & Economics, 2021, 63, 177–209

16.Now Is the Time: The Impact of Linguistic Time Reference on Corporate Default Risk, International Journal of Accounting, 2023, 58(4), 2350010

17.De Facto Time-varying Indices-based Benchmarks for Mutual Fund Returns, Journal of Financial Research, 2023, 46(2), 469–496

18.Modeling Fundamental Analysis into Portfolio Selection, Quantitative Finance, 2018, 8, 1315–1326

19.Evaluating the Size of the Bootstrap Method for Fund Performance Evaluation, Economics Letters, 2017, 156, 36–41

20.A Skeptical Appraisal of the Bootstrap Approach in Fund Performance Evaluation, Financial Markets, Institutions & Instruments, 2018, 27, 49–86

21.Climate Policy Uncertainty and Firm-level Total Factor Productivity: Evidence from China, Energy Economics, 2022, 113(9), 106209 — ESI Highly Cited & Hot Paper

22.Dynamic Impacts of Energy Consumption on Economic Growth in China, Energy Economics, 2022, 107(3), 105855 — ESI Highly Cited & Hot Paper

23.The Marginal Impacts of Energy Prices on Carbon Price Variations, Energy Economics, 2021, 95(3), 105131 — ESI Highly Cited & Hot Paper

24.Carbon Prices Forecasting in Quantiles, Energy Economics, 2022, 108(4), 105862 — ESI Highly Cited & Hot Paper

25.Global Oil Shock and Excessive Corporate Debt in China, Energy Economics, 2022, 115(11), 106378 — ESI Highly Cited & Hot Paper

26.Weathering the Policy Storm: How Climate Strategy Volatility Shapes Corporate TFP, Energy Economics, 2024, 107553

27.Technological Peer Pressure and Corporate Sustainability, Energy Economics, 2024, 107257

28.Public Environmental Concerns and Intra-firm Pay Gap in Polluting Enterprises: Evidence from China, Energy Economics, 2024, 107320

29.Differences in Carbon Risk Spillovers with Green vs. Traditional Assets, Energy Economics, 2023, 107049

30.Public Environmental Concern, CEO Turnover, and Green Investment: A Quasi-natural Experiment in China, Energy Economics, 2021, 100(8), 105379

31.Do Public Environmental Concerns Promote New Energy Enterprise Development?, Energy Economics, 2022, 109(5), 105967

32.Effect of Green Financial Reform and Innovation Pilot Zones on Corporate Investment Efficiency, Energy Economics, 2022, 113(9), 106185

33.Corporate Sustainability Policies and Investment Efficiency: Evidence from a Policy Experiment in China, Energy Economics, 2023, 107050

34.Welfare Gains from International Trade and Renewable Energy Demand: OECD Evidence, Energy Economics, 2022, 112(8), 106153

35.Oil Price Uncertainty and Stock Price Informativeness: U.S. Listed Firms, Energy Economics, 2022, 113(9), 106197

36.Do Uncertainties Affect Clean Energy Markets?, Energy Economics, 2023, 121(5), 106679

37.Does Carbon Price Uncertainty Affect Stock Price Crash Risk?, Energy Economics, 2023, 122(6), 106689

38.Social Media and Energy Justice: Global Evidence, Energy Economics, 2023, 125(9), 106886

39.Hot Money in Disaggregated Capital Flows, European Journal of Finance, 2018, 24(14), 1190–1223 — Sole-authored