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13. "The Value Relevance of Supreme Court Rulings: The West Virginia vs. EPA Case”, 2026，with Xiaoyi Lyu, and Dragon Tang, Management Science, online. 

• CICF

 

12. " Does Traditional Debt Financing Hurt the Environment? Evidence from Toxic Releases", 2025, with Xiaoyi Lyu, and Dragon Tang, Journal of Business Ethics 200, 957–985.

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11.“金融市场一体化建设与实体经济创新发展——基于打破票据市场分割的研究”，与王帅、孙俊秀、廖亦凡合作，《数量经济技术经济研究》，2025年.

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10. “全国统一票据交易大市场建设的实体经济效应”， 与王帅、孙俊秀、廖艺凡合作，《财贸经济》，2025年第1期，116-132.

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9. “市场型环境规制与金融资源配置——来自碳排放权交易市场的证据”，与吕小艺、李露茜合作，《金融研究》，2025年第8期，132-150.

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8. “Credit Default Swaps and Corporate Debt Structure”, 2023, with Yangyang Chen, Walid Saffar, and Sarah Qian Wang,  Journal of Corporate Finance, forthcoming.

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7. “Dissecting the Long-term Performance of Chinese Stock Market”, 2023, with Franklin Allen, Jun Qian ('QJ'), and Lei Zhu,  Journal of Finance, forthcoming.

• Best Paper Award, CICF

• FIRS, Summer Institute of Finance, NBER Chinese Economy Meetings

• G-index data can be downloaded here

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6. “Outsourcing Bank Loan Screening: Evidence from Third-party Loan Guarantees”, 2022, with Dragon Tang, and Wenya Wang, Journal of Money, Credit, and Banking, accepted.

• Best Paper Award, International Conference on Small Business Finance

• Best Paper Award, The Chinese Finance Association

• WFA, SIF, CICF, FMA

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5. “The Value of Employee Satisfaction in Disastrous Times: Evidence from Covid-19”, 2022, with Dragon Tang, Review of Finance, forthcoming.

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4. “The Diversification Benefits and Policy Risks of Accessing China's Stock Market”, 2022, with Dragon Tang, Sarah Wang, and Chang Zhang, Journal of Empirical Finance 66, 155-175. 

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3. “Credit Default Swaps and Bank Regulatory Capital”, 2021, with Dragon Tang, Hong Yan​, and Alex Xing Zhou, Review of Finance 25, 121-152.

• Best Paper Award, Conference on Financial Markets and Corporate Governance

• WFA, EFA, CICF

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2. “Do Banks Still Monitor When There is a Market for Credit Protection?”, 2019, with Dragon Tang and Andrew Winton, Journal of Accounting and Economics 68(2-3), 101241.

• FIRS, SFS Finance Cavalcade, CICF, FMA

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1. “The IPO of Industrial and Commercial Bank of China and the Chinese Model of Privatizing Large Financial Institutions”, 2014, with Franklin Allen, Jun “QJ” Qian, and Mengxin Zhao, European Journal of Finance 20, 599-624.

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BOOKS&BOOK CHAPTERS

“Credit Default Swaps and Loan Financing”, 2020, Shanghai University of Finance and Economics Press. 

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“The Development of China’s Stock Market”, 2019, with Franklin Allen, Jun Qian and Lei Zhu, Chapter 12 of Handbook of China’s Financial System, in press.

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WORKING PAPERS&PROJECTS

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“Credit Tightening, Trade Credit, and Misallocation on Supply Chain”, with Min Min, and Wenya Wang

• Best Paper Award, Southwestern Finance Association 

• WFA, CICF​​

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​“How Does CDS Trading Affect Bank Lending Relationships?”, with Dragon Tang and Hong Yan​

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“Are Post-Crisis Banking Regulations Effective? Evidence from Contingent Convertible (CoCo) Bonds”, with Meng Xie, and Dragon Tang

• Under review

• IFABS 2017 Ningbo Conference

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“Distance, Supplier Bankruptcy, and Corporate Policies”, with Dragon Tang, Sheridan Titman, and Sarah Wang

• Cornell – FDIC Conference on Derivatives

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“Credit Default Swaps and Loan Syndication”

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“银行发行或有可转债能够降低系统性金融风险吗?”, 国家自然科学基金青年项目，主持，2019-2022

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“银行可以影响环境保护吗？债务融资、绿色金融和企业污染的交互影响研究”, 国家自然科学基金面上项目，主持，2022-2025