Assistant Professor of Finance
School of Business Administration
University of California, Riverside
Anderson Hall 0129
900 University Avenue
Riverside, CA 92521
Research: My research spans topics including information transmission in financial markets, corporate finance, and corporate governance.
The Role of Mutual Funds in Corporate Governance: Evidence from Mutual Fundsˊ Proxy Voting and Trading Behavior, with Ying Duan. Forthcoming in the Journal of Financial and Quantitative Analysis.
Mutual Fund Herding in Response to Hedge Fund Herding and the Impacts on Stock Prices, with Pengfei Ye. Forthcoming in the Journal of Banking & Finance.
Hedge Funds and Equity Prices. Review of Finance 17, 1141-1177, 2013.
Corporate Disclosure, Market Valuation, and Firm Performance. Financial Management 40, 647-676, 2011.
Stakeholder Welfare and Firm Value. Journal of Banking & Finance 34, 2549-2561, 2010.
Public Pension Fund Ownership and Firm Performance, with Pengfei Ye. Forthcoming at the Review of Quantitative Finance and Accounting.
Dual-Class IPOs: A Theoretical Analysis, with Thomas Chemmanur. Journal of Banking & Finance 36, 305-319, 2012.
A Theory of Contractual Provisions in Leasing, with Thomas Chemmanur and An Yan. Journal of Financial Intermediation 19, 116-142, 2010.
Capital Structure and Debt Issues with Soft Information: A Theoretical Analysis. Managerial Finance 36, 4-21, 2010. Lead article.
Institutional Trading, Information Production, and the SEO Discount: A Model of Seasoned Equity Offerings, with Thomas Chemmanur. Journal of Economics & Management Strategy 20, 299-338, 2011.
Corporate Pensions and Financial Distress, with Ying Duan and Edith Hotchkiss.
Why do IPO Issuers Grant Overallotment Options to Underwriters? with Kenji Kutsuna and Richard Smith.
Business Ties and Information Advantage: Evidence from Mutual Fund Trading, with Ying Duan and Edith Hotchkiss.
Social Preference, Product Market Competition, and Firm Value, with Guifeng Shi.
Short Selling Meets Hedge Fund 13F: An Anatomy of Informed Demand, with Massimo Massa and Hong Zhang.
Teaching: I have tought courses in institutions, economics, and corporate finance at the undergraduate, MBA, and Ph.D. levels. Some of my teaching material can be found below.
BUS 132: Foundations of Finance