Finance Faculty Research: Publications, Progress, and Conference Engagement

Our faculty continue to produce high-quality research published in leading academic journals and presented at top conferences in the field. These contributions reflect both the rigor of our scholarship and our engagement with important questions in finance, ranging from corporate decision-making and asset pricing to innovation and global markets. This body of work strengthens the academic foundation of our programs and reinforces our commitment to excellence in both research and teaching.

Research Output: 

• Soku Byoun, Accepted, “The Sensitivity of Cash Savings to the Cost of Capital,” with Acharya, Viral and Zhaoxia Xu, Journal of Financial and Quantitative Analysis
• Andrew Detzel, 2025, “The volatility puzzle of the beta anomaly,” with Pedro Barroso and Paulo Maio, Journal of Financial Economics 165, 103994

• David Dicks, 2025, “Uncertainty, Contracting, and Beliefs in Organizations” with Paolo Fulghieri,  Review of Financial Studies, 38(7): 2182-2225.

• David Dicks and Hwanki Brian Kim, Accepted, “Uncertainty and the Earnings Announcement Premium”  Journal of Money, Credit and Banking

• Sophia Hu and Qinxi Wu, How Technological Innovation Shapes Financial Innovation: Substitution Effects Versus Knowledge Diffusion, with Mark Chen and Joanna Wang, Research Policy (Forthcoming)

• Ryan Lee, 2025, “How Valuable is Corporate Adaptation to Crisis? Estimates from Covid-19 Work-from-Home Announcements,” with Adlai Fisher and Jiri Knesl, Journal of Financial Economics 174, Lead Article.

• Pil-Seng (Phil) Lee, 2025, “Product Market Threats and Leases” with Douglas (DJ) Fairhurst, Tae-Nyun Kim, and Yoonsoo Nam, Financial Management.

• Joshua Thornton, 2026, "Peer Effects in Financial Expectations", Journal of Empirical Finance 87.
• Antonio J. Macias, 2025, “Solving Serial Acquirer Puzzles.” with P. Raghavendra Rau, and Aris Stouraitis, Hong Kong Baptist University), Review of Corporate Finance Studies, 14 

Research in Progress (selected extract): 

• Tianyi Qu, “Are the Hedges of Funds Green?” with Huan Kuang, Bing Liang and Mila Sherman. Revise and Resubmit, Journal of Financial and Quantitative Analysis
• Tianyi Qu, “Climate Change Disclosures: The Role of SEC Climate Change Comment Letters" with Huan Kuang and Wei Zhang.  Revise and Resubmit, Journal of Business Finance & Accounting
• Qinxi Wu, Winning an Award Could Set You “Free”: the CFO Labor Market and Financial Reporting Quality, Revise & Resubmit, Review of Corporate Finance Studies
• Qinxi Wu, CEO Relative Age, Stress Management, and Fundamental Performance, with Sean Cao, Tao Shu, and Jasmine Wang, Revise & Resubmit, The Accounting Review

Presentations (selected extract): 

• Byoun, Soku, “Debt-Financed Overexpansion and Employment Dynamics: Why Large Firms Are More Cyclically Sensitive”
  • 2025 International Society for the Advancement of Financial Economics (ISAFE)
  • 2026 Presenting at the European Financial Management Association
• Erik Davison, “FinTech Brings a Bias from Psychology Labs to a Two-trillion-dollar Market,” with Hongjun Yan, Zhengwei WANG, Yulai Yuan, Xiaole Qiu, Jia Xiang, Yaqing Xiao, 2026 Society for Financial Studies (SFS) Cavalcade North America
• Pil-Seng (Phil) Lee, “Soft Information Disagreement and Stock Prices,” with Hyung-Eun Choi and Tuhin Harit, 2025 Northern Finance Association
• Pil-Seng (Phil) Lee, “Corporate Response to Shifts in Judicial Ideology” (with Joon Ho Kim, Tae-Nyun Kim, and Vikram Nanda), 2025 RCF–ECGI Corporate Finance and Governance Conference
• Brian Young, "Discretionary Adjustments in Relative Performance Awards"
  • 2025 NBER Economics of Executive Compensation Research Conference
  • 2026 Western Finance Association Meeting
  • 2026 Financial Management Association European Conference
• Joshua Thornton, "Social Capital and Innovation"
  • 2026 The China International Conference in Finance (CICF)
  • 2026 Network Science in Economics conference