Published/Accepted  (Google Scholar, SSRN)
Debt Dynamics with Fixed Issuance Costs, with Luca Benzoni, Lorenzo Garlappi and Bob Goldstein, Journal of Financial Economics, Volume 146, Issue 2, November 2022, Pages 385-402
​- NFA 2020 Best Paper Award on Corporate Finance

Debt Maturity Management, with Yunzhi Hu and Felipe Varas, forthcoming at Review of Financial Studies.
- CICF 2022 Yihong Xia Best Paper Award

Working Papers
Leverage Dynamics and Liquidity Management without Commitment, with Jangwoo Lee

The Curse of Seniority: Debt Priority and Inefficient Liquidation, with Jingxiong (Tony) Hu

Uncertainty After Dark: Evidence from 19 Million Nights of Sleep, with Fotis Grigoris and Gill Segal
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Innovation-Driven Contractions: A Missing Link for Asset Pricing Puzzles, with Zhonghao Li and Gill Segal
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Technology Adoption, Market Power, and the Dual Dynamics of Value Premium and Markups, with Xiaoji Lin and Terry Zhang 

The Pre-FOMC Announcement Drift and Private Information: Kyle Meets Macro-Finance 
- NFA 2020 Best PhD Paper Award; CIRF 2021 Global Association of Risk Professionals Research Excellence Award

Heterogeneous Beliefs and FOMC Announcements

A Model of Market Discipline, with Colin Ward
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Inactive Projects
Capital Misallocation and Risk Sharing, with Hengjie Ai, Anmol Bhandari, and Yuchen Chen. 
The Macroeconomics of Announcement Premium, with Hengjie Ai, Ravi Bansal, and Jay Im.
A Dynamic Agency Based Asset Pricing Model with Production, with Jincheng Tong.