Published Papers

[1] Buffing Firm Innovation by Lobbying, with Anqi Jiao

Journal of Corporate Finance, 2024

Corporate lobbying fosters firm innovation by transmitting valuable information to politicians, which enhances firms’ external political environment.

[2] Partisanship, Optimism, and Firm Innovation, with Anqi Jiao, and Honglin Ren

Financial Management, 2024

Firms with partisan aligned managers with the U.S. president have more patents, more patent citations, and higher patent value.

[3] The Role of AI Capabilities in Environmental Management: Evidence from USA Firms, with Anqi Jiao, Honglin Ren, and Jia Wei

Energy Economics, 2024

Firms' Artificial Intelligence (AI) capabilities have a negative influence on firms' greenwashing behaviors.

[4] CTO Network Centrality and Corporate Innovation, with Tomas Jandik

Quarterly Journal of Finance, 2024

Social network centrality of chief technology officers (CTOs) affect corporate innovation. Firms with CTOs who are well-connected within the network of all business professionals invest more in research and development (R&D), receive more patents, attract more patent citations, and create more patent value. 

[5] Independent Directors and Firm Value: New Evidence from the 2023 Regulatory Reform in China, with  Anqi Jiao, and Ran Sun

Applied Finance Letters, 2024

This paper explores the “Measures for the Management of Independent Directors of Listed Companies” announced on August 4, 2023, for Chinese listed firms. We find that firms failing to meet the criteria in the Measures suffer losses in the stock market. 

[6] Do Prosocial CEOs Promote Innovation?, with  Anqi Jiao, Jia Wei, and Wenqiao Zhang

Finance Research Letters, 2023

Prosocial CEOs spark innovation by attracting inventors to join.

[7] Stakeholder Orientation and Product Market Performance: Evidence from a Natural Experiment, with Jia Wei

Review of Financial Economics, 2023

Stakeholder orientation has a positive effect on firms' product market performance.