“Local Investors, price discovery and market efficiency”, Journal of Financial Economics, 104 (1) 2012, 145-161. Best paper award, Financial Research Association, 2010.
“Thinning the herd: The Impact of venture capital on firm performance,” with Tim Loughran, Journal of Behavioral Finance, 12 (4) 2011, 233-245.
“Mispricing of dual-class shares: Profit opportunities, arbitrage, and trading,” with Paul Schultz. Journal of Financial Economics, 98 (3) 2010, 524-549.
“An Epidemic model of investor behavior,” Journal of Financial and Quantitative Analysis, 45 (1) 2010, 169-198.
Exchange traded funds and asset return correlations with Zhi Da, March 2013.
Employee information and asset prices, March 2013.
Pricing kernel monotonicity and conditional information, with Matthew Linn and Tyler Shumway, March 2013.
Work in progress:
What’s a regulator worth? With Margaret Forster
Short interest and options, with Zhi Da and Mao Ye.
Permanent working papers:
Is the pricing kernel monotonic? With Tyler Shumway, 2009