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Financing via partially liquid tokens
working paper


Inventory, renegotiation, and trade credit
working paper


Quantitative investments in decentralized finance
working paper


Industry equilibrium with blockchain
Research Policy, forthcoming


Product market competition and equity returns
working paper


Auditing decentralized finance (DeFi) protocols
working paper


Product market competition and convertible debt financing
Review of Corporate Finance, forthcoming


Trading volume manipulation and competition among centralized crypto exchanges
Management Science 71 (10), October 2025


Labor-replacing automation and finance
Management Science 71 (8), August 2025


Product market competition with crypto tokens and smart contracts
Journal of Financial Economics 149 (1), July 2023


Initial coin offering (ICO) success and post-ICO performance
Management Science 68 (12), December 2022


The choice between various freeze-out procedures and its consequences
Journal of Law, Finance, and Accounting 6 (2), November 2021


A theory of ICOs: Diversification, agency, and information asymmetry
Management Science 67 (10), October 2021


What do insiders know? Evidence from insider trading around share repurchases and SEOs
Journal of Corporate Finance 66 (2), February 2021


Does the market correctly value investment options?
Review of Finance 24 (6), November 2020


Owners’ portfolio diversification and firm investment
Review of Financial Studies 32 (12), December 2019


Inefficient mergers
Journal of Banking and Finance 108 (11), November 2019
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