“The Implied Cost of Capital: A New Approach,” 2012, Journal of Accounting and Economics 53, 504-526.
Winner of INQUIRE-UK Research Grant and Research Grants Council (RGC) of Hong Kong CERG (Competitive Earmarked Research Grant) Award (with Mathijs A. van Dijk and Yinglei Zhang)
“The Accrual Anomaly: Risk or Mispricing?” 2012, Management Science 58, 320-335. (with David Hirshleifer and Siew Hong Teoh)
“What Factors Drive Global Stock Returns?” 2011, Review of Financial Studies 24, 2527-2574. Lead article.
Winner of BSI Gamma Foundation Research Grant Award, INQUIRE-UK Research Grant Award, and Best Paper Award First International Conference on Asia-Pacific Financial Markets (with Andrew Karolyi and Bong-Chan Kho)
“Accruals, Cash Flows, and Aggregate Stock Returns,” 2009, Journal of Financial Economics 91, 389-406. (with David Hirshleifer and Siew Hong Teoh)
“Industry Information Diffusion and the Lead-Lag Effect in Stock Returns,” 2007, Review of Financial Studies 20, 1113-1138.
“Industry Concentration and Average Stock Returns,” 2006, Journal of Finance 61, 1927-1956. (with David Robinson)
“Market Frictions, Price Delay, and the Cross-Section of Expected Returns,” 2005, Review of Financial Studies 18, 981-1020.
Winner of Q-Group Research Grant Award (with Tobias Moskowitz)
“Do Investors Overvalue Firms with Bloated Balance Sheets?” 2004, Journal of Accounting and Economics 38, 297-331. (with David Hirshleifer, Siew Hong Teoh and Yinglei Zhang)