Working Paper


1 The Race of Unicorns: A Signaling Theory of Private Acquisitions [PDF]

  • Presentations: Colorado Finance Summit (PhD) 2019, FMA (Doctoral) 2019, FIRS 2019, NFA 2018, etc.

2 Find and Replace: R&D Investment Following the Erosion of Existing Products with Richard T. Thakor and Joshua L. Krieger [PDF]

  • Presentations: FIRS 2019, CICF 2019, Duke/UNC Innovation and Entrepreneurship 2019, Northwestern Healthcare Markets 2019, AEA 2019, etc.

3 Do Venture Capitalists Stifle Competition? with Tong Liu and Lucian A. Taylor [PDF]

  • Presentations: MFA 2020, UNC-IPC 2020.

In Progress


1 ​Paying off the Competition: Market Power and Innovation Incentives with Andrew W. Lo and Richard T. Thakor

2 ​Pivots and Prestige: Venture Capital Contracts with Experimentation with Martin Szydlowski [PDF]

3 ​Secret Scouting with Fangyuan Yu [PDF]

  • Presentations: MFA 2020, SWFA 2020.