Research
Publications
"Competition, Comparative Performance, and Market Transparency" (with Bruce I. Carlin and Andrew Iannaccone). American Economic Journal: Microeconomics. 4: 202-237, 2012. [Link]
"Moral Hazard in Active Asset Management" (with David C. Brown) Journal of Financial Economics. 125: 311-325, 2017. [Link] [Online Appendix]
"The Unintended Consequences of Divestment" (with Edward D. Van Wesep) Journal of Financial Economics. 128: 558-575, 2018. [Link] [Online Appendix]
"Investing for Impact" (with Bhagwan Chowdhry and Brian Waters) Review of Financial Studies. 32: 864-904, 2019. [Link] [Online Appendix]
“Financial Advice and Discretion Limits” Financial Planning Review 3: 1-34. 2020. [Link]
"Financing Efficiency of Securities-Based Crowdfunding" (with David C. Brown). [Link] forthcoming at the Review of Financial Studies
"ETF Arbitrage, Non-Fundamental Demand, and Return Predictability" (with David C. Brown and Matthew Ringgenberg). [Link] accepted at the Review of Finance
Working Papers
"Speculation Sentiment" [Link] (Revise and Resubmit at the Journal of Financial and Quantitative Analysis)
"Investor Demand for Leverage: Evidence from Closed-End Funds and the Launch of Levered Exchange-Traded Funds" (with Robert Dam and S. Katie Moon). [Link]
"On the Magnification of Small Biases in Decision-making" (with Edward D. Van Wesep and Brian Waters). [Link]
ASU Sonoran Winter Finance Conference 2020's Jacob Gold & Associates Best Paper Prize Winner
“Individual Traders and the Allocation of Scarce Attention” [Link]
"The Implementation of State Sponsored Retirement Plans" (with Bruce I. Carlin). [Link]
Work in Progress
"Off Target: On the Underperformance of Target-Date Fund" (with David C. Brown) Early Draft Available Upon Request
"Index Investing, Value-Weighted ETF Flows, and Non-Linear Price Impact: Implications for the Firm" (with David C. Brown and Matthew Ringgenberg). Early Draft Available Upon Request
"Home Bias in Equity Crowdfunding" (with David C. Brown and Mingfeng Lin).