Research Interests

• Managerial compensation
• Empirical asset pricing

Selected Publications

• "On the Relationship Between the Conditional Mean and Volatility of Stock Returns: A Latent VAR Approach" (with Michael Brandt), Journal of Financial Economics 72, 2004, 217-257 (Lead article).

Teaching & Professional Experience

• Assistant Professor, Finance Department, University of Miami, August 2004 – present;
• Assistant Professor, Faculty of Business and Economics, University of Hong Kong (HKU), August 2002 – August 2004

Degrees

• P.h.D, Economics, University of Pennsylvania, Philadelphia, PA in 2002
• M.A., Economics, University of Iowa, Iowa, 1997
• M.A., Economics, Graduate School of the People’s Bank of China, Beijing, China, 1995
• B.A., Economics, The People’s University of China, Beijing, China, 1993