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Working Papers

• Green Price Pressure · Revise and Resubmit, Review of Financial Studies

  (with Xicheng Li, Simon S. Oh, Sean Seunghun Shin, and Jihong Song)

  Presentations:Yonsei Univ. 2026, SUFE-HKUST Workshop 2025, SGF 2024, MFA 2024, AFA 2024, HEC-HKUST Sustainable Fin. Conf. 2023, SoFiE 2023, Seoul National Univ. 2025, Sogang Univ. 2025, Sungkyunkwan Univ. 2024, Korea Univ. 2023

  *This paper supersedes our previous working paper “Unpacking the Demand for Sustainable Equity Investing.”

• Retail Ebb and Flow and the Overnight–Intraday Return Gap · Conditionally Accepted, Journal of Financial and Quantitative Analysis

  (with Yongkil Ahn, Alfred Qi Fan, and Stella Yeayeun Park)

  Presentations:JIAR 2026, APAD 2025, FMA 2024, HARC 2024, CAFM 2023, AFBC 2023, AsianFA 2023

• Baskets Full of Cash: Primary Market Frictions and the Performance of Active Bond ETFs

  (with Yuet Ning Chau, John Chi-Fong Kuong, and Sean Seunghun Shin)

  Presentations:FMA Europe 2026, Summer Fin. Roundtable 2025

  Media:ETF Stream

• Adaptive Heuristics in Stock Selection

  (with Byoung-Hyoun Hwang and Sean Seunghun Shin)

  Presentations:TIME Consortium 2027 (scheduled), AFA 2027 (scheduled), CAFM 2026 (scheduled), Global AI Fin. Research Conf. 2026 (scheduled), Summer Fin. Roundtable 2026, CICF 2026, Hanyang Univ. 2026, Consortium on Digital Economy 2026, HKU 2025

  Awards:Kiwoom Securities Best Paper Award (Summer Fin. Roundtable 2026), AltData Tech Best Paper Award (CICF 2026)

• Not Yet or Never? Deliberation State and Perceived Barriers to Parenthood

  (with Byoung-Hyoun Hwang and Sean Seunghun Shin)

  Presentations:TIME Consortium 2027 (scheduled)

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Work in Progress

• For Whom the Trading Pauses

  (with Yongkil Ahn and Hyun-Soo Choi)

  Presentations:CAFM 2024, HK Joint Fin. Workshop 2023, APAD 2023, KAIST 2025, Yonsei Univ. 2024, HKUST 2023, NUS 2023

• AI and the Market for Expert Services: Evidence from Financial Advisors

  (with Federico Mainardi, Simon S. Oh, and Sean Seunghun Shin)

  Presentations:CAFM 2026 (scheduled), NBER Big Data & AI (scheduled), The Economic Consequences of AI (scheduled)