Faculty Profile

Education

Current Position(s) Held

Awards, Recognition and Honors

• Runner up, Review of Financial Studies Best Paper Award, 2014.
• Monetary Authority of Singapore, FRC grant to study high frequency trading, 2013.
• Winner, Fama/DFA Prize for the best paper in the  Journal of Financial Economics, 2011. 

Selected Journal Articles (Refereed)

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• Potential pilot problems: Treatment spillovers in financial regulatory experiments, with Charles Jones and Xiaoyan Zhang. Journal of Financial Economics, forthcoming, 2019. Presented at the AFA meeting 2016.
• The competitive landscape of high-frequency trading firms, with Dan Li and Gideon Saar. Review of Financial Studies 31, 2018, 2227–2276. Presented at the AFA meeting 2017.
• Covering shorts, with Truong Duong and Zsuzsa Huszar. Journal of Financial and Quantitative Analysis 53, 2018, 723-748.
• Short interest, returns, and fundamentals, with Ferhat Akbas, Bilal Erturk, and Sorin Sorescu. Financial Management 46, 2016, 455-486.
• Capital structure, derivatives and equity market quality, with Sudheer Chava and Heather Tookes. Journal of Financial and Quantitative Analysis 50, 2016, 509-541.
• Shackling short sellers: The 2008 shorting ban, with Charles Jones and Xiaoyan Zhang.  Review of Financial Studies 26, 2013, 1363-1400. Lead article. Selected “Best Paper” at the 2009 University of Michigan / Mitsui conference on “Financial (In) Stability.”
• Short selling and the price discovery process, with Julie Wu. Review of Financial Studies 26, 2013, 287-322. Lead article. Runner up, RFS Best Paper Award 2014.
• The good news in short interest, with Brad Jordan and Zsuzsa Huszar.  Journal of Financial Economics 96, 2010, 80-97. Fama/DFA Prize for the best paper in the Journal of Financial Economics.
• Institutional investors and the informational efficiency of prices, with Eric Kelley.  Review of Financial Studies 22, 2009, 3563-3594.