Faculty Profile

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Education

Current Position(s) Held

Publications

• “Does option trading convey stock price information?" 2014. Journal of Financial Economics, 111, 625-645.
• “Aggregating information in option transactions", with Richard Holowczak and Liuren Wu, 2014. Journal of Derivatives, 21, 9-23. (Best Doctoral Paper Award, 2010 Northeast Business and Economics Association)
• “Can information be locked-up? Informed trading ahead of macro-news announcements," with Gennaro Bernile and Yuehua Tang, 2016. Journal of Financial Economics, 121, 496-520.
• “Option listing and information asymmetry," 2018, Review of Finance, 22, 1153-1194.
• “Order flow volatility and cost of equity capital," with Tarun Chordia, Avanidhar Subrahmanyam, and Qing Tong, 2019, Management Science, 65, 1520-1551.
• “Are corporate spin-offs prone to insider trading?," with Augustin, P., Brenner, M., and Subrahmanyam, M., 2020, Critical Finance Review, 9, 115-155.
• “Is the synthetic stock price really lower than actual price?," 2020, Journal of Futures Markets, forthcoming.

Awards, Recognition and Honors

• Lee Kong Chian Fellowship, 2016 - 2017
• Best Paper Award, 2015 Conference of the Paul Woolley Centre for the Study of Capital Market Dysfunctionality.
• Best Paper Award, 2014 International Conference on Corporate Finance and Capital Market.
• The First Place Award, Chicago Quant Alliance Asia Academic Competition, 2014.
• Oscar Lasdon Memorial Award for the best dissertation in finance, Baruch College, 2013
• Best Doctoral Paper Award Northeast Business and Economics Association, 2010.
• European Finance Association Doctoral Tutorial, 2012 (8 out of 155 papers).
• American Finance Association Travel Grant, 2011.
• Financial Management Association Doctoral Consortium, 2011.
• 2016 Ministry of Education (MOE) Tier 1 Academic Research Fund, main PI, “Estimating order flow using low freuency data", S$39,978.74.
• 2016 Ministry of Education (MOE) Tier 1 Academic Research Fund, co-PI, “The value (or cost) of fiduciary duties: Evidence from en block sales in Singapore", S$32,422.
• 2016 Ministry of Education (MOE) Tier 1 Academic Research Fund, co-PI, “Order flow volatility and cost of equity capital", S$16,813.
• 2013 Ministry of Education (MOE) Tier 1 Academic Research Fund, main PI, “Law of one price revisited: Synthetic security and cash security", S$20,630.
• 2013 Ministry of Education (MOE) Tier 1 Academic Research Fund, co-PI, “Can information be locked up? A natural experiment of the effect of macro-news embargos on capital markets. ", S$34,185.
• CUNY Presidential Research Grant, 2011.
• CUNY Doctoral Student Research Grant, 2010, 2012.
• Research Assistant Scholarship, Baruch College, CUNY, 2008-2012.