Department of Economics & Finance
AACSB International EQUIS - European Quality Improvement System

Selected Recent Publications

 
Year Publication Journal title Author(s)
2026 Positive and negative selection in bargaining. Journal of Economic Theory, 235, Article 106190. Journal of Economic Theory Chang, D., Kim, D. G., & Lim, W.
2026 The Debt-Equity Spread. The Journal of Finance, 81(4), 2005-2062. Journal of Finance CHEN, H., CHEN, Z., & LI, J.
2026 Optimal tax-timing strategy with transaction costs, Management Science Management Science Min Dai, Yaoting Lei, Hong Liu, Chen Yang
2026 Dynamic trading with realization utility, Journal of Finance (2026) 81(1), 189-238 Journal of Finance Min Dai, Cong Qin, Neng Wang
2026 Learning to optimally stop diffusion processes, with applications to finance, Management Science, (2026) 72(9), 7399-7417 Management Science Min Dai, Yu Sun, Zuoquan Xu, Xunyu Zhou
2026 Endogenous mobility in pandemics: Theory and evidence from the United States. Journal of International Economics, 162, Article 104298. Journal of International Economics Chen, X., Huang, H., Ju, J., & Sun, R. et al.
2026 Global Production Networks and Imperfect Competition. Journal of International Economics, 164, Article 104315. Advance online publication. Journal of International Economics Huang, H., Manova, K., Perelló, O., & Pisch, F.
2026 Accounting for the Evolution of China's Production and Trade Patterns. International Economic Review. Advance online publication. International Economic Review Huang, H., Ju, J., & Yue, V. Z.
2026 Do Banks Overreact to Disaster Risk? Journal of Financial and Quantitative Analysis. Advance online publication. Journal of Financial and Quantitative Analysis Huang, Q., Jiang, F., Xuan, Y., & Yuan, T.
2026 Equity financing and exports: Evidence from IPO approvals in China. Journal of International Economics, 162, Article 104292. Journal of International Economics Gong, R. K., Li, Y. A., Sun, S. T., & Wei, S.-J.
2026 The Industry Expertise Channel of Mortgage Lending. Journal of Financial and Quantitative Analysis, 61(2), 738-767. Journal of Financial and Quantitative Analysis Chu, Y., Xiao, Z., & Zheng, Y.
2026 A Study of the Microdynamics of Early-Childhood Learning. Journal of Political Economy, 134(1), 49-85. Journal of Political Economy Heckman, J. J., & Zhou, J.
2026 The Impacts of a Prototypical Home Visiting Program on Child Skills. Journal of Labor Economics, 44(1), 119-148. Journal of Labor Economics Zhou, J., Heckman, J., Liu, B., & Lu, M.
2025 Multinational production, technology diffusion, and economic growth. Journal of International Economics, 157, Article 104137. Journal of International Economics Cai, S., & Xiang, W.
2025 Perverse ethical concerns: Misinformation and coordination. Journal of Economic Theory, 226, Article 106011. Journal of Economic Theory Chang, D., & Vong, A.
2025 Global identification, estimation and inference of structural impulse response functions in factor models: A unified framework. Journal of Econometrics, 251, Article 106057. Journal of Econometrics Han, X.
2025 Exporting Like China: Productivity, Market Demand, and Labor Frictions. International Economic Review. Advance online publication. International Economic Review Cooper, R., Gong, G., Hu, G., & Yan, P.
2025 The Impact of Minority Representation at Mortgage Lenders. The Journal of Finance, 80(2), 1209-1260. Journal of Finance Frame, W.S., Huang, R., Jiang, E.X., Lee, Y., Liu, W.S., Mayer, E.J. and Sunderam, A.
2025 How Dark Trading Harms Financial Markets. The Economic Journal, 135(669), 1711-1733. Economic Journal Halim, E., Riyanto, Y. E., Roy, N., & Wang, Y.
2025 Tickets to the global market: First US patent award and Chinese firm exports. Journal of International Economics, 157, Article 104124. Journal of International Economics Gong, R. K., Li, Y. A., Manova, K., & Sun, S. T.
2025 A disaster explanation of equity term structures. Review of Finance, 29(5), 1437-1465. Review of Finance Wu, D.
2025 Dynamic Pricing with Recommendation and Consumer Feedback. RAND Journal of Economics. Advance online publication. RAND Journal of Economics Xu, W., & Yang, S.
2025 Social learning through coarse signals of others' actions. Journal of Economic Theory, 229, Article 106066. Journal of Economic Theory Xu, W.
2025 Bank Funding Risk, Reference Rates, and Credit Supply. The Journal of Finance, 80(1), 5-56. Journal of Finance Cooperman H, Duffie D, Luck S, Wang Z, Yang Y. 
2025 Reserves Were Not so Ample after All. The Quarterly Journal of Economics, 140(1), 239-281. Quarterly Journal of Economics COPELAND, A., DUFFIE, D., & YANG, Y.
2025 Do Shareholder Leverage Constraints Affect Debtholders? Journal of Financial and Quantitative Analysis. Advance online publication. Journal of Financial and Quantitative Analysis Huang, X., Massa, M., & Zhang, L.
2024 A Regularized High-Dimensional Positive Definite Covariance Estimator with High-Frequency Data. Management Science, 70(10), 7242–7264. Management Science Cui, L., Hong, Y., Li, Y., & Wang, J.
2024 Regularized GMM for Time-Varying Models with Applications to Asset Pricing. International Economic Review, 65(2), 851-883. International Economic Review CUI, L., FENG, G., & HONG, Y.
2024 The likelihood ratio test for structural changes in factor models. Journal of Econometrics, 238(2), Article 105631. Journal of Econometrics Bai, J., Duan, J., & Han, X.
2024 Reprint of: The likelihood ratio test for structural changes in factor models. Journal of Econometrics, 244(2), Article 105745. Journal of Econometrics Bai, J., Duan, J., & Han, X.
2024 The labor effects of R&D tax incentives: evidence from VC-backed startups. Review of Finance, 28(5), 1451-1482. Review of Finance Chen, J., & Hshieh, S.
2024 Collective decision through an informed mediator. Journal of Economic Theory, 218, Article 105817. Journal of Economic Theory Li, Y., & Zhang, X.
2024 Monetary policy and fragility in corporate bond mutual funds. Journal of Financial Economics, 161, Article 103931. Journal of Financial Economics Kuong, J. C.-F., O'Donovan, J., & Zhang, J.
2024 Production complementarity and information transmission across industries. Journal of Financial Economics, 155, Article 103812. Journal of Financial Economics Lee, C. M. C., Shi, T. T., Sun, S. T., & Zhang, R.
2024 Credit Default Swaps, Fire-Sale Risk, and the Liquidity Provision in the Bond Market. Journal of Financial and Quantitative Analysis, 59(4), 1963–1996. Journal of Financial and Quantitative Analysis Massa, M., & Zhang, L.
2024 Human Capital and Migration: a Cautionary Tale. Journal of Econometrics, 243(1-2), Article 105720. Journal of Econometrics Navarro, S., & Zhou, J.
2023 Using Monotonicity Restrictions to Identify Models with Partially Latent Covariates. Journal of Econometrics, 235(2), 892-921. Journal of Econometrics Bang, M., Gao, W. Y., Postlewaite, A., & Sieg, H.
2023 Quasi-maximum likelihood estimation of break point in high-dimensional factor models. Journal of Econometrics, 233(1), 209-236. Journal of Econometrics Duan, J., Bai, J., & Han, X.
2023 "CONVENTIONAL" MONETARY POLICY IN OLG MODELS: REVISITING THE ASSET-SUBSTITUTION CHANNEL. International Economic Review, 64(3), 875-892. International Economic Review HU, G., MA, G., QIAO, W., & WALLACE, N.
2023 Option Momentum. Journal of Finance, 78(6), 3141-3192. Journal of Finance Heston, S. L., Jones, C. S., Khorram, M., & Li, S. et al.
2023 Working from Home and Firm Resilience to the COVID-19 Pandemic. Journal of Operations Management, 69(3), 450-476. Journal of Operations Management Ge, C., Huang, H., Wang, Z., Jiang, J. and Liu, C.
2023 What Drives Firms’ Hiring Decisions? An Asset Pricing Perspective. Review of Financial Studies, 36(8), 3825–3860. Review of Financial Studies Belo, F., Donangelo, A., Lin, X., & Luo, D.
2023 Fostering Collusion Through Action Revision in Duopolies. Journal of Economic Theory, 208, Article 105611. Journal of Economic Theory Roy, N.
2023 Tax Revenues in Low-Income Countries. Economic Journal, 133(653), 2001-2024. Economic Journal Peralta-Alva, A., Tam, X. S., Tang, X., & Tavares, M. M.
2023 Dynamics of Subjective Risk Premia. Journal of Financial Economics, 150(2), Article 103713. Journal of Financial Economics Nagel, S., & Xu, Z.
2023 Trust in Financial Markets: Evidence from Reactions to Earnings News. Management Science, 69(10), 6393-6415. Management Science Wei, C., & Zhang, L.
2022 Price skimming: Commitment and delay in bargaining with outside option. Journal of Economic Theory, 205, Article 105528. Journal of Economic Theory Chang, D., & Lee, J. J.
2022 Adjusting Supply Chain Involvement in Countries with Politician Turnover: A Contingency Framework. Journal of Operations Management, 68(8), 824-854. Journal of Operations Management Dong, M. C., Huang, Q., & Liu, Z.
2022 ENDOGENOUS LABOR MARKET CYCLES. International Economic Review, 63(2), 849-881. International Economic Review LI, Y., & WANG, C.
2022 International Asset Pricing with Strategic Business Groups. Journal of Financial Economics, 145(2, Part B), 339-361. Journal of Financial Economics Massa, M., O’Donovan, J., & Zhang, H.
2022 Sharing Idiosyncratic Risk Even Though Prices Are "Wrong". Journal of Economic Theory, 200, Article 105400. Journal of Economic Theory Halim, E., Riyanto, Y. E., & Roy, N.
2022 Asset Pricing with Fading Memory. The Review of Financial Studies, 35(5), 2190-2245. Review of Financial Studies Nagel, S., & Xu, Z.
2021 Optimal sales mechanism with outside options. Journal of Economic Theory, 195, Article 105279. Journal of Economic Theory Chang, D.
2021 The Effects of Quota Frequency: Sales Performance and Product Focus. Management Science, 67(4), 2151-2170. Management Science Chung, D. J., Narayandas, D., & Chang, D.
2021 Solving Euler equations via two-stage nonparametric penalized splines. Journal of Econometrics, 222(2), 1024-1056. Journal of Econometrics Cui, L., Hong, Y., & Li, Y.
2021 The role of high-skilled foreign labor in startup performance: Evidence from two natural experiments. Journal of Financial Economics, 142(1), 430-452. Journal of Financial Economics Chen, J., Hshieh, S., & Zhang, F.
2021 Mechanism design with financially constrained agents and costly verification. Theoretical Economics, 16(3), 1139-1194. Theoretical Economics LI, Y.