Academic Research
18. "Employee Turnover Likelihood and Earnings Management: Evidence from the Inevitable Disclosure Doctrine,” with Huai Zhang and Jin Zhang, Review of Accounting Studies forthcoming. (PDF)
17. "SOX Section 404 and Corporate Innovation" with Jin Zhang, Journal of Financial and Quantitative Analysis forthcoming. (PDF)
16. "Board Structure and Role of Outside Directors in Private Firms" with Zhongda He, European Financial Management forthcoming (PDF)
15. “Innovation Strategy of Private Firms,” with Po-Hsuan Hsu and Kai Li, Journal of Financial and Quantitative Analysis 53 (2018), 1-32 (Lead Article). (PDF)
14. "The Even-Odd Nature of Audit Committees and Corporate Earnings Quality,” with Jun Huang, Journal of Accounting, Auditing and Finance 33 (2018), 98-122.(PDF)
13. “Employment Non-Discrimination Acts and Corporate Innovation,” with Wei Zhang, Management Science 63 (2017), 2982-2999. (PDF)
12. “CEO Turnover-Performance Sensitivities in Private Firms,” with Jarrad Harford and Kai Li, Journal of Financial and Quantitative Analysis 52(2017), 583-611. (PDF)
11. “Ownership Transition, Managerial Short-termism, and Exploratory vs Exploitative Innovation Strategy,” with Guoli Chen, Po-Hsuan Hsu, and Kai Li, Proceedings of the 2016 Academy of Management Meeting. (PDF)
10. “Sex Discrimination and Female Top Managers: Evidence from China,” with Yaheng Lin, and Yujing Ma, Journal of Business Ethics 138 (2016), 683-702. (PDF)
*Winner of Best Paper Award at the 2014 China Finance and Accounting Conference
9. “Non-Discrimination Laws Make U.S. States More Innovative,” with Wei Zhang, Harvard Business Review August 17, 2016. (PDF Weblink)
8. “A Comparison of CEO Performance-performance Sensitivity in Privately-Held and Public Firms,” with Kai Li, Journal of Corporate Finance 35 (2015), 370-388. (PDF)
*Winner of the Best Paper Award the 2011 China International Conference in Finance
7. “Effects of Managerial Labor Market on Executive Compensation: Evidence from Job-hopping,” with Juan Luo and Tilan Tang, Journal of Accounting and Economics 59 (2015), 203-220. (PDF)
*Winner of the Best Paper Award at the 2013 Eastern Finance Association Annual Conference
6. “Determinants of Corporate Cash Policy: Insights from Private Firms,” with Jarrad Harford, and Kai Li, Journal of Financial Economics 109 (2013), 623-639. (PDF)
5. “Nonmonetary Benefits, Quality of Life, and Executive Compensation,” with Xin Deng, Journal of Financial and Quantitative Analysis 48 (2013) 197-218. (PDF)
*Winner of Paper Award at PhD Forum of the 23rd Australasian Finance and Banking Conference
4. “The Relative-Age Effect and Career Success: Evidence from Corporate CEOs,” with Qianqian Du and Maurice Levi Economics Letters 117 (2012),660-662.(PDF)
3. “CEO Pay Cuts and Forced Turnover: Their Causes and Consequences,” with Jarrad Harford and Kai Li, Journal of Corporate Finance 18 (2012), 291-310. (PDF)
2. “Optimal Compensation Contracts When Managers Can Hedge,” Journal of Financial Economics 97 (2010), 218-238. (sole author) (PDF)
* Winner of the 2008 WFA Student Travel Grant
1. “Market Misvaluation, Managerial Horizon, and Acquisitions,” Financial Management 39 (2010), 833-850. (sole author) (PDF)
Applied Research
1. 2018 中国房地产企业金融稳定指数报告 (PDF)