Asset Pricing

Agency-based asset pricing

co-authored with Ping He, Lixin Huang, Journal of Economic Theory 149 (2014) 311-349

Arbitrage Chains

co-authored with James Dow, The Journal of Finance, Vol. 49, No. 3, Papers and Proceedings Fifty-Fourth Annual Meeting of the American Finance Association, Boston, Massachusetts, January 3-5, 1994 (Jul., 1994), pp. 819-849

Churning Bubbles

co-authored with Franklin Allen, Review of Economic Studies (1993) 60, 813-836

Equilibrium Investment and Asset Prices under Imperfect Corporate Control

co-authored with James Dow, Arvid Krishnamurthy, The American Economic Review, Vol. 95, No. 3 (Jun., 2005), pp. 659-681

Noise Trading, Delegated Portfolio Management, and Economic Welfare

co-authored with James Dow, Journal of Political Economy, 1997, vol. 105, no.5

Profitable Informed Trading in a Simple General Equilibrium Model of Asset Pricing

co-authored with James Dow, Journal of Economic Theory 67 (1995) 327-369

SEC Regulation Fair Disclosure information and the cost of capital

co-authored with Armando Gomes, Leonardo Madureira, Journal of Corporate Finance 13 (2007) 300–334

Security Baskets and Index-linked Securities

co-authored with George G. Pennacchi, Journal of Business, 1993, vol. 66, no. 1

Security Price Informativeness with Delegated Traders

co-authored with Ping He, Lixin Huang, American Economic Journal: Microeconomics 2 (November 2010): 137–170

Stock Market Efficiency and Economic Efficiency: Is There a Connection?

co-authored with James Dow, The Journal of Finance, Vol. 52, No. 3 (July., 1997), pp. 1087-1129

The Limitations of Stock Market Efficiency Price Informativeness and CEO Turnover

co-authored with Lixin Huang, Qiang, Review of Finance (2016) 1-48

Trading, Communication and the Response of Asset Prices to News

co-authored with James Dow, The Economic Journal Vol. 103, No. 418 (May 1993), pp. 639-646