Long-term Debt Contracts
Long-term Debt Contracts
Debt Covenants as Macroeconomic Stabilizers, with Wentao Zhou
SSRN Working Paper 4604335
Monetary Policy and Firm Heterogeneity: The Role of Leverage Since the Financial Crisis, with Aeimit Lakdawala and Timothy Moreland
Management Science, R&R (2nd Round)
Debt Maturity Heterogeneity and Investment Responses to Monetary Policy, with Minjie Deng
European Economic Review, May 2022, Volume 144: 104095
Capital Adjustments
The Macroeconomics of Capital Durability, with Hui-Jun Chen, Spyridon Gkikopoulos, and Chi-Yang Tsou
Draft Available Upon Request
Incomplete Information and Irreversible Investment, with Jonathan Adams, Cheng Chen, Takahiro Hattori, and Eugenio Rojas
SSRN Working Paper 4945647
Lumpy Investment, Fluctuations in Volatility and Monetary Policy, with Wentao Zhou
Review of Economic Studies, Rej&R
A Note on Nonconvex Adjustment Costs in Lumpy Investment Models: Mean versus Variance
Macroeconomic Dynamics, June 2023, Volume 27, Issue 4, pp.1166-1177
Constrained Firm Growth
Financial Frictions and Pollution Abatement Over the Life Cycle of Firms, with Po-Hsuan Hsu and Chi-Yang Tsou
SSRN Working Paper 4390975
Financing Innovation with Innovation, with Zhiyuan Chen, Minjie Deng, and Yunzhou Shang
SSRN Working Paper 4209562
Short-term Finance, Long-term Effects, with Kenza Benhima, Omar Chafik, and Wenxia Tang
Journal of Political Economics Macroeconomics, R&R
Asset Pricing
Innovative Human Capital and Stock Returns: A Global Perspective, with Po-Hsuan Hsu, Hanni Jie, and Yan Xu
SSRN Working Paper 5763883