Research

1. Impact of Marketplace Lending on Consumers' Future Borrowing Capacities and Borrowing Outcomes (SSRN)

- with Sudheer Chava, Rohan Ganduri, and Yafei Zhang

Journal of Financial Economics 142(3), December 2021, 1186--1208 

Award: Think Forward Initiative (TFI) Research Challenge Grant (2017)

Media: American Banker (December 2018), Crowdfund Insider (July 2018)

2. Shocked by Bank Funding Shocks: Evidence from Consumer Credit Cards (SSRN)

- with Sudheer Chava, Rohan Ganduri, and Linghang Zeng

The Review of Financial Studies 36(10), October 2023, 3906--3952

Media: Terry Takeaways (August 2023)

3. December Doldrums, Investor Distraction, and the Stock Market Reaction to Unscheduled News Events (SSRN)

- with Sudheer Chava

Journal of Financial Markets, Vol. 71, November 2024, 100928

Award: BlackRock Prize (2017 Australasian Finance and Banking Conference)

4. Gambling on Crypto Tokens? (SSRN)

- with Sudheer Chava and Fred Hu

Journal of Financial and Quantitative Analysis 60(6), September 2025, 2819--2846

Replication Code and Data

5. Walking the  Tech Talk? Hype, Credibility, and Investments in Emerging Technologies (SSRN)

- with Sudheer Chava and Wendi Du

Journal of Financial and Quantitative Analysis, Accepted

Media: Equifax Data Dialogues (November 2021)

1. Gender-Based Sorting in the Credit Card Market (SSRN)

- with Rohan Ganduri and Yafei Zhang

Revise and Resubmit (2nd round), Journal of Financial Economics

2. Stressed Banks or Stressed Borrowers? Macroprudential Policies and Consumer Credit Card Lending

Revise and Resubmit, Journal of Financial and Quantitative Analysis

3. How Valuable are Credit Registries? Impact of Credit Reporting on Consumer Credit Outcomes

- with Rui Cao and Rohan Ganduri