The Value of Guarantor Monitoring: Evidence from Bond Defaults in China

with Yuting Huang & Jingyuan Mo

Review of Finance, Jan 2026

Monetary Stimulus amidst the Infrastructure Investment Spree: Evidence from China's Loan‐Level Data

with Kaiji Chen, Patrick Higgins, Daniel F. Waggoner & Tao Zha

The Journal of Finance, Jan 2023

The Informational Role of Ownership Networks in Bank Lending

with Hong Ru & Xiaoguang Yang

Journal of Financial and Quantitative Analysis, Jan 2022

Subnational Debt of China: The Politics-Finance Nexus

with Hong Ru & Dragon Yongjun Tang

Journal of Financial Economics, Sep 2021

Credit Allocation under Economic Stimulus: Evidence from China

with Lin William Cong, Jacopo Ponticelli & Xiaoguang Yang

The Review of Financial Studies, Sep 2019

Media Coverage and the Cost of Debt

with Junbo Wang, Yanchu Wang, Chunchi Wu & Xi Dong

Journal of Financial and Quantitative Analysis, Jan 2019