发表论文：

Intermediary-Based Equity Term Structure, with Chenjie Xu,

   Journal of Financial Economics, accepted, 2023

Learning about the Consumption Risk Exposure of Firms, with Yongjin Kim and Lars-Alexander Kuehn, 

    Journal of Financial Economics, accepted, 2023

Financial Constraint, Cash Flow Timing Patterns and Asset Prices, with Weiping Hu and Xiao Zhang, 

   Journal of Financial Economics, accepted, 2023

The Pollution Premium, with Po-Hsuan Hsu and Chi-Yang Tsou

   Journal of Finance, Volume 78, Issue 3, June 2023

   The Commodity & Energy Markets Association (CEMA) Amundi-ESSEC ESG Prize 2022

   The FinReg Blog by Duke Financial Economics Center

   论文介绍 | 论文视频介绍

Learning and the Capital Age Premium, with Chi-Yang Tsou and Chenjie Xu

   Journal of Monetary Economics, Volume 136, May 2023

   论文介绍

Leasing as a Mitigation of Financial Accelerator Effects, with Jun Yu

   Review of Finance, online published, 2023

Leased Capital and the Investment-q Relation, with Linqing You

   Journal of Corporate Finance, Volume 80, June 2023

   论文介绍

Leasing and the Allocation Efficiency of Finance, with Weiwei Hu and Yiming Xu, 

   Journal of Empirical Finance, online published, 2023

   Semi-finalist for the Best Paper Award in Corporate Finance of FMA Annual Meeting 2022

Asset Pricing with a Financial Sector, with Chenjie Xu

   Financial Management, Volume 52, Issue 1, Spring 2023

   论文介绍

Regime Shifts in a Long-run Risks Model of Stock and Treasury Bond Markets, with Chenjie Xu

   China Finance Review International, Leading Article (Editor's Choice), Volume 12, No. 4, October 2022 

   Emerald Insight

   论文介绍

The Collateralizability Premium, with Hengjie Ai, Jun Li and Christian Schlag

   Review of Financial Studies, Volume 33, Issue 12, Pages 5821-5855, December 2020

Financial Intermediation and Capital Reallocation, with Hengjie Ai and Fang Yang 

   Journal of Financial Economics, Volume 138, Issue 3, Pages 663-686, December 2020

News Shocks and Production-Based Term Structure of Equity Returns, with Hengjie Ai, Mariano M. Croce, and Anthony M. Diercks

   Review of Financial Studies, Leading Article (Editor's Choice), Volume 31, Issue 7,  2018

   HKUST Business Insight

Toward a Quantitative General Equilibrium Asset Pricing Model with Intangible Capital, with Hengjie Ai and Mariano M. Croce

    Review of Financial Studies, Volume 26, Issue 2, 2013

Transitional Notional Defined Contribution Scheme: A New Option of China's Social Security Pension Reform, with Gang Yi

   Comparative Studies (in Chinese), No. 29, March 2007

工作论文：

Leasing as a Risk-Sharing Mechanism, with Chi-Yang Tsou (Previous version is titled '' The Leased Capital Premium'' ), R&R

Leasing as a Mitigation Channel of Capital Misallocation, with Weiwei Hu and Yiming Xu, R&R

Semi-finalist for the Best Paper Award in Corporate Finance of FMA Annual Meeting 2022

The Technical Default Spread, with Emilio Bisetti and Jun Yu, R&R

How to Dominate the Historical Average?, with Yingying Li and Jialin Yu, R&R

Lease-Adjusted Productivity Measurement, with Weiwei Hu and Yiming Xu, R&R

The Asset Durability Premium, with Dun Jia and Chi-Yang Tsou 

Accounting and Finance Association of Australia and New Zealand (AFAANZ) Best Paper Award 2022

Facilitating Entry through Leasing, with Yiming Xu

Flexibility, Option Value of Leasing, and Investment, with Linqing You

Towards Objectivity and Interpretability: An Anatomy of Climate Change Exposure, with Weiwei Hu and Tingyu Yu

Growth Expectations around FOMC Announcements, with Mikhail Bhatia

Leasing and the Idiosyncratic Volatility Puzzle, with Kaihong Song

Climate Innovation and Carbon Emissions: Evidence from Supply Chain Networks, with Ulrich Hege and Yifei Zhang

论文介绍

Leasing, Pecuniary Externality, and Aggregate Efficiency, with Yicheng Wang and Yiming Xu 

A High Frequency Measure of Chinese Monetary Policy Shocks, with Jianyao He, Dun Jia, and Wenbin Wu

Finance Lease and the Capital Allocation Efficiency in China, with Yuan Wang (Draft available upon request)

The Belief on Implicit Government Guarantee as a Spillover Channel: Evidence from Chinese Local SOE Bond Markets, with Yiming Zhang (Draft available upon request)