Job Market Paper
Cross-industry Technological Information Spillovers in Analyst Research
Presentations: EFA Doctoral Tutorial 2024, CICF 2025, FMA 2025 (scheduled), 18th International Behavioral Finance Conference, Oxford Saïd, Warwick Business School
Summary: An analyst’s research on one firm benefits another analyst’s research on another technologically similar firm in a different industry.
Working Papers
Information Processing Efficiency, Analyst Behavior, and Predictable Returns
(with Alok Kumar)
Presentations: FMA 2025 (scheduled), FMA Asia 2025 (scheduled), Warwick Business School
Summary: This paper proposes a new measure of informational processing efficiency (IPE) of sell-side equity analysts. IPE affects forecast performance of analysts and aggregate price efficiency.
(with Söhnke M. Bartram , Vidhi Chhaochharia , and Alok Kumar)
Presentations: Warwick Business School, Miami Herbert Business School
Summary: We find that analysts issue more accurate forecasts for non-local firms in their coverage portfolios by observing the forecasts of local analysts.
AI-Powered Alpha: Evidence from Fund Managers' AI Usage
(with Shumiao Ouyang) (Work in progress)
Summary: We use daily AI usage of fund managers to quantify the impact of AI on mutual fund investment behaviors.
Review Article
(Generative) AI in Financial Economics
(with Shumiao Ouyang)
Summary: This review article synthesizes the burgeoning literature on the intersection of AI and finance.