Publications

Competition and the Reputational Costs of Litigation (with Felix von Meyerinck and Markus Schmid) 
Journal of Financial and Quantitative Analysis, Forthcoming.

Trust in Traditional Finance and Consumer Fintech Adoption (with Deniz Okat and Mikael Paaso)
Review of Corporate Finance Studies, Forthcoming.

Inaccurate Borrower Information and Credit Risk: Evidence from Marketplace Loans
Review of Corporate Finance Studies, Forthcoming.

The Disutility of Stock Market Losses: Evidence From Domestic Violence (with Tse-Chun Lin)
Review of Financial Studies, 2023, Vol. 36.

Stress Testing Banks' Digital Capabilities: Evidence from the COVID-19 Pandemic  (with Alan Kwan, Chen Lin, and Mingzhu Tai)
Journal of Financial and Quantitative Analysis, Forthcoming.

Cultural Biases in Equity Analysis
Journal of Finance, 2022, Vol. 77, Issue 1.
Media coverage: The Economist. 

Gender Differences in Reward-Based Crowdfunding (with Tse-Chun Lin)
Journal of Financial Intermediation, 2023, Vol. 53.

Regional Social Capital and Moral Hazard in Crowdfunding (with Tse-Chun Lin) 
Journal of Business Venturing, 2022, Vol. 37.

Analyst Incentives and Stock Return Synchronicity: Evidence from MiFID II (with Yihan Li and Xin Liu) 
Financial Analysts Journal, 2022 Vol. 78.

Social Trust Distance in Mergers and Acquisitions (with Tse-Chun Lin)
Journal of Banking and Finance, 2023, Vol. 149.

Social Connections with COVID-19-Affected Areas Increase Compliance with Mobility Restrictions (with Ben Charoenwong and Alan Kwan) 
Science Advances, 2020, Vol. 6 No. 47.

The Round Number Heuristic and Entrepreneur Crowdfunding Performance (with Tse-Chun Lin)
Journal of Corporate Finance, 2021, Vol. 68.
Media coverage: Wall Street Journal, Inc. and IB Knowledge. 

Working papers

Entrepreneur Debt Aversion and Financing Decisions: Evidence from COVID-19 Support Programs (with Mikael Paaso and Sami Torstila)
Revise & Resubmit, Management Science.
Included in CEPR Covid Economics, Issue 48 (September 2020).
Conferences: CICF 2023, Endless Summer Conference on Financial Intermediation and Corporate Finance 2022, BSE Summer Forum 2022, Corporate Finance Day 2022, SFM 2020, DGF 2021, Paris December Finance Meeting 2021, HEC Paris Entrepreneurship Workshop 2021, BFGA 2021.

Retail Customer Reactions to Private Equity Acquisitions (with Tereza Tykvova)
Conferences: CICF 2024, FMARC 2024, EFMA 2024, FIRS 2023, ENTFIN Conference 2023, JCF SI Conference 2023, PERC Oxford Symposium 2023, DGF 2023, Vietnam Symposium in Banking and Finance 2023, Paris December Finance Meeting 2021, Private Markets Research Conference 2022.

Partisan Depositor Responses to a Currency Shock (with Xiangyang Gao, Chen Lin and Yuchen Xu)
Conferences: LSE Workshop on Political Economy of Turkey 2021,  GdRE International Symposium on Money, Banking and Finance 2021, LaRGE/BOFIT/Fordham Workshop on Banking and Finance in Emerging Markets 2021.

Geographic Proximity in Short Selling (with Xiaolin Huo and Xin Liu)
Conferences: EFA 2023, SFI Research Days 2023, FMA 2022 (Best Paper Award in Investments), MFA 2022, Research in Behavioral Finance Conference (RBFC) 2022, EFiC 2021 Conference in Banking and Corporate Finance, China International Risk Forum 2021, International Young Finance Scholars’ (IYFS) Conference 2021, IFABS 2021, New Zealand Finance Meeting 2021.

The Role of Stock Indices in Analyst Career Outcomes and Stock Recommendations (with Stefan Pohl)
Conferences: FMA Annual Meeting 2022, CEMLA 2022, BFWG 2022, AFA 2022 (poster), DGF 2021, Southern Finance Association 2021, Southwestern Finance Association 2022, SFI Research Days 2021.

Competitive Pressure and ESG (with Hanwen Sun and Yue Xiang)
Conferences: Sustainability and Public Policy (CEPR) Workshop 2024, ZEW Conference on Ageing and Sustainable Finance 2024, FMA Asia/Pacific 2024, FIW-Research Conference 'International Economics' 2024,  FMA Annual Meeting 2022, GRASFI 2022, FMA Europe 2022, Behavioural Finance Working Group Annual Conference 2022, European Accounting Association 2022, Welsh Postgraduate Research Conference 2022, Australasian Finance and Banking Conference 2021, International Young Finance Scholar’s Conference 2021.

Retail Investors’ Cryptocurrency Investments (with Jan Toczynski)
Conferences: SFI Research Days 2023.

Technology Entrepreneurs' Environmental Commitments and Crowdfunding Outcomes (with Meichen Qian and Dragon Yongjun Tang)
Conferences: Conference on Sustainable Finance 2024 (Paris).

The Role of Statistical Literacy in Risk Perceptions and Behavior During the COVID-19 Pandemic (with Daniel Metzger and Mikael Paaso)

Descriptive research

Business Outlook and Financing Alternatives of Finnish Entrepreneurs During the COVID-19 Crisis (with Mikael Paaso and Sami Torstila) 
Nordic Journal of Business, 2021, Vol. 70, No. 1.