Research Interests


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


Publications


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 71(7), 5419-6318, July 2025


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


Responsible Investors and Stock Market Feedback

(with Hui Chen), The Accounting Review 101(1), 137-168, 2026


Externalities of Responsible Investments
(with Michele Bisceglia and Alessio Piccolo), Journal of Finance (accepted)



Working Papers

Socially Responsible Divestment, Revise and resubmit at Journal of Accounting Research

​(with Alex Edmans and Doron Levit)


The Effect of Secondary Market Closure on Primary Market Funding Time: Evidence from Peer-to-Peer Lending, Conditionally accepted at Journal of Financial Markets

(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)