PUBLICATIONS:
Thematic Concentration and Mutual Fund Performance with with John Bai (Northeastern University), Yuehua Tang (University of Florida), and Chi Wan (University of Massachusetts Boston) (Review of Financial Studies, Forthcoming)
Unpacking Crisis: Impact of COVID-19 on Global Equity Flows with Zhisheng Li (Southwestern University), Bingxuan Lin (University of Rhode Island), and Zhouyi Liu (Zhongnan University of Economics and Law) (2026, Journal of Financial Stability)
Investor Behavior in Hedged Mutual Funds: Evidence on Risk Chasing and Misallocation with Yinfei Chen (Central Connecticut state University) and Steve Liu (University of Rhode Island) (2026, Applied Finance Letters)
Disaggregation Quality, Stock returns, and Institutional Demand with George Jiang (Washington State University), David Kenchington (Arizona State University), and Ping McLemore (Federal Reserve Bank of Richmond) (2024, Finance Research Letters, 62, 105202)
The Effects of Import Competition on Domestic Financial Markets: The Role of Limits-To-Arbitrage with Jared DeLisle (Utah State University), Mengying Wan (Indiana State University), and Gulnara Zaynutdinova (West Virginia University) (2024, Journal of International Business Studies, 55, 212-234)
Fund Manager Skill in an Era of Globalization: Offshore Concentration and Fund Performance with John Bai (Northeastern University), Yuehua Tang (University of Florida), and Chi Wan (University of Massachusetts Boston) (2022, Journal of Financial Economics, 145, 18-40)
Active Technology Similarity and Mutual Fund Performance with Ping McLemore (Federal Reserve Bank of Richmond), Richard Sias (University of Arizona), and Chi Wan (University of Massachusetts Boston) (2022, Journal of Financial and Quantitative Analysis, 57, 1862-1884)
What's in a Name? A cautionary Tale of Profitability Anomalies and Limit to Arbitrage with R. Jared DeLisle (Utah State University) and Gulnara Zaynutdinova (West Virginia University) (2020, Journal of Financial Research, 43, 305-344)
Gross Profitability and Mutual Fund Performance with David Kenchington (Arizona State University) and Chi Wan (University of Massachusetts Boston [2019, Journal of Banking and Finance, 104, 31-49]
Sentimental Mutual Fund Flows with George J. Jiang (Washington State University) (2019, Financial Review, 54, 709-738)
Price Reversals and Continuations following Large Price Movements with Edward A. Dyl (University of Arizona) and Gulnara Zaynutdinova (West Virginia University) (2019, Journal of Business Research, 95, 1-12)
Whose Money is Smarter? Evidence form Investors' Money Flows to Mutual Funds and Fund Classes with George J. Jiang (Washington State University) (2017, Journal of Empirical Finance, 40, 39-58)
Does Investment Horizon Matter? Disentangling the Effect of Institutional Herding on Stock Prices (2015, Financial Review 50, 637-669)
Working Papers:
The Supply Chain Alpha: How Mandate Constraints Cost managers 24% in Potential Returns with Mengchao Ai (Northeastern University), Bingxuan Lin (University of Rhode Island), and Jordan Neyland (Bentley University).
