1. "Intellectual capital and financing decision: evidence from the US patent data" (joint with Keith Wong), 2011, accepted at Management Science.
2. "Institutions and corporate investment: evidence from an investment-implied return on capital in China" (with Alan Siu), 2010, accepted at Journal of Financial and Quantitative Analysis.
3. "Predict stock market returns with aggregate discretionary accruals” (with Qiang Kang and Rong Qi),Journal of Accounting Research, 2010, 48(4), 815-858.
4. "Information-based stock trading, executive incentives, and the principal-agent problem" (with Qiang Kang), Management Science, 2010, 56(4), 682-698.
5. "The Sarbanes-Oxley Act and corporate investment: a structural assessment." (with Qiang Kang and Rong Qi), Journal of Financial Economics, 2010, 96, 291-305.
6. "Competition and corporate tax avoidance: evidence from the Chinese industrial firms" (with Hongbin Cai), The Economic Journal, 2009,119 (April), 764-795.
7. "Market Timing Strategy with Aggregate Accruals" (with Qiang Kang and Rong Qi),Journal of Asset Management, 2009, 10(3), 170-180.
8. "Stock market information production and executive incentives" (with Qiang Kang), 2008. Journal of Corporate Finance, 14, 484-498.
9. "Stock trading and diversification discount" (with Rong Qi), Economics Letters, 2008, 98: 35-40.
10. "Corporate governance and earnings management in China's listed companies: a tunneling perspective" (with Zhou (Joe) Lu), 2007, Journal of Corporate Finance, 13: 881-906.
11. "Do we accept accruals profits at our peril?" (with Rong Qi),  Financial Analysts Journal, 2006, Volume 62 (4): 62-75. A longer version, which contains the results of the Mishkin's test and various robustness checks, is available upon request.
12. "How good is good news? technology depth, book-to-market ratio, and innovative events", Journal of Accounting,Auditing and Finance, 2006, 293-321.
13. "Corporate governance in China: current practices, economic effects, and institutional determinants", 2006,  CESifo Economic Studies, Vol. 52, No. 2. 415-453,  published by the Oxford University Press.
14. "Missing links: regional reforms for Asian debt capital markets" (with Paul Lejot and Douglas Arner), 2006, Asia-Pacific Business Review, 12(3):309-332.
15. "Corporate Governance and Market Valuation in China" (with Chong-en Bai, Joe Lu, Frank Song and Jack Zhang),  (Lead Article) (2004), Journal of Comparative Economics, 32:4, 599-616.
• A condensed and non-academic version was published at Beyond Transition: The Newsletter about Reforming Economies, Vol. 15, No. 1, 2004, a quarterly publication by The World Bank Group.
  
• Winner of McGraw Hill Publishing Best Paper Award in economics and finance at 2004 Global Conference on Business and Economics, Amsterdam, Netherlands.
  
16. "High Stakes in High Technology: High-tech Market Values as Options" (with Michael R. Darby and Lynne Zucker), Economic Inquiry , (Lead Article) (2004), Vol. 42(3): 351-369. 
• An earlier version of the paper has been circulated as a NBER Working Paper (#7201), " Stars and stakes: the impact of intellectual human capital on the level and variability of high-tech firms' market values ".
17. " The Parent Company Puzzle? When is the Whole Worth Less Than One of the Parts?" (with Brad Cornell),  Journal of Corporate Finance,  (Lead Article) (2001), 341-366.
• Featured and summarized in The CFA Digest , 2002, Vol. 32, No.2: 22-23.

1. "Property rights, collateral and credit rights in east Asia" (with Douglas Arner, Charles Booth, Berry Hsu, Paul Lejot, and Frederik Pretorius), in "East Asian Finance: the road to robust markets" (edited by Swati R. Ghosh). Washington DC: World Bank. 2006.
2. "Asia's debt capital markets - Contemporary markets for Asian debt capital market instruments "  (with Paul Lejot, and Douglas Arner),  in “Asia’s debt capital markets:  prospects and strategies for development” (edited by Paul Lejot, Douglas Arner, Qiao Liu, and Jae-Ha Park), Springer, 2006.
3. “Asian debt capital markets - Policy concerns and the value of regional markets" (with Paul Lejot, and Douglas Arner), forthcoming in “Asia’s debt capital markets: prospects and strategies for development” (edited by Paul Lejot, Douglas Arner, Qiao Liu, and Jae-Ha Park), Springer, 2006.
4. “Asian debt capital markets - Introduction (with Paul Lejot, Jae-Ha Park, and Douglas Arner), forthcoming in “Asia’s debt capital markets: prospects and strategies for development” (edited by Paul Lejot, Douglas Arner, Qiao Liu, and Jae-Ha Park), Springer, 2006.
5. "Corporate governance and market valuation in China" (with Chong-en Bai, Joe Lu, Frank Song,and Jack Zhang), Beyond Transition 15, no. 1 (World Bank, Oct/Nov/Dec 2004): 8-9.

• "Asia's debt capital markets : prospects and strategies for development"  (co-edit with Paul Lejot, Douglas Arner, and Jae-Ha Park),  New York: Springer. 2006.

     You can order the book through Amazon. Please click here.

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• "Finance in Asia: institutions, regulation, and policy" (joint with Douglas Arner and Paul Lejot). London - Routledge (forthcoming in 2010).Pre-order at both Routledge website and Amazon available.

• " A Primer on the Market Efficiency Hypothesis and Behavioral Finance" (in English), a survey paper prepared for the Conference on the Frontiers of Economics and Finance, the Hua Zhong University of Science and Technology, Wuhan, PRC. Its Chinese translation has been published as a chapter in a book edited by Prof. Tian Guoqiang and published by Commerce Press.
• " Are the Markets Efficient? ", (in Chinese), Du Shu  (Reading), October 2001.
• "Government as an agent" , (in Chinese), 21st   century business herald , April 29, 2002.
• " Why the Shell is invaluable" , (in Chinese), 21st century business herald, May 20, 2002.
• " How much is the Shell worth ?" (in Chinese), 21st century business herald, May 27, 2002
• "The impending M&A wave in China " (in Chinese), 21st century business herald, July 22, 2002
• "All too human " (in Chinese), 21st century business herald , October 14, 2002
• "Comments on China's Corporate Governance "(in Chinese), 21st century business herald, January 25, 2003
• "Cash flow and investment" (in Chinese), the China Journal of Finance, Vol.1, 1: 73-98, 2003.
• " The economists who teach you how to torture data ", 21st century business herald, October 16, 2003
  
• " Earnings management to tunnel " (in Chinese), China Economic Quarterly, Vol.3 No.2: 437-456.
• "An empirical study on Chinese listed firms' corporate governance", (in Chinese), Jing Ji Yan Jiu, Journal of Economics Research , February 2005.
  
• "Corporate governance ranking: the Chinese listed firms" (joint with Chong-en Bai, Joe Lu, Frank Song, and Jack Zhang, and a team from New Fortune), 2005, New Fortune, July Issue. A piece on the corporate governance index we came up could be found here. New Fortune Magazine is currently using this methodology to assess Chinese firms' corporate governance practice.
• "Does competition encourage unethical behavior?" (with Hongbin Cai and Geng Xiao), China Journal of Economics.2006.