Faculty Profile

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Education

Current Position(s) Held

Awards, Recognition and Honors

• Best Paper Award at 2021 Global AI Finance Research Conference, Korean Finance Association
• Nominee, Teaching Excellence in Postgraduate Programs Award, June 2020
• Nominee, Teaching Excellence in Postgraduate Programs Award, June 2019
• Lee Kong Chian Fellowship, Singapore Management University, July 2018-June 2019
• Fellow, Asian Bureau of Finance and Economic Research, November 2017
• Dean's Impact Award, Singapore Management University, June 2017
• Excellent Teacher Award Nomination, Singapore Management University, June 2016
• Dean's Teaching Honour List, Singapore Management University, 2011-2022
• Best Paper Award, California Corporate Finance Conference, November 2014
• Sing Lun Fellowship, Singapore Management Univeristy, April 2012-March 2013
• Most Promising Teacher Award Nomination, SMU, June 2011
• Pace Setter Award, Fisher College of Business, Ohio State University, April 2008
• Rene M. Stulz Scholar Development Award, Ohio State University, April 2007
• Election to Phi Kappa Phi Honor Society, Ohio State University, 2006-2007
• Dean's List, National University of Singapore, 1998-1999
• Shaw Foundation Scholarship, National University of Singapore, 1998

Research Interests

• Security Analysts
• Empirical Asset Pricing
• Behavioural Finance

Journal Articles (Refereed)

1. Physical frictions and digital banking adoption, 2024, Management Science 70, 6597-6621 (with Hyun-Soo Choi). 
2. Do large gains make willing sellers? 2022, Journal of Financial and Quantitative Analysis 57, 1486-1528 (with Dong Hong and Mitch Warachka).
3. Is sell-side research more valuable in bad times? 2018, Journal of Finance 73, 959-1013 (with René Stulz).
4. Have we solved the idiosyncratic volatility puzzle? 2016, Journal of Financial Economics 121, 167-194 (with Kewei Hou).
5. Streaks in earnings surprises and the cross-section of stock returns, 2012, Management Science 58, 1305-1321 (with Mitch Warachka).
6. When are analyst recommendation changes influential? 2011, Review of Financial Studies 24, 593-627 (with René Stulz).
7. Investor inattention and the underreaction to stock recommendations, 2010, Financial Management 39, 1223-1251.
8. Do accurate earnings forecasts facilitate superior investment recommendations? 2006, Journal of Financial Economics 80, 455-483 (with Mujtaba Mian).
9. The quality of analysts’ earnings forecasts during the Asian crisis: Evidence from Singapore, 2003, Journal of Business Finance and Accounting 30, 749-769 (with Mujtaba Mian).

Research Advisor/ Co-research Advisor to

• YUN Suhee, PhD in Business (Finance)