Welcome! I am a Ph.D. candidate in Economics at Columbia University. My research interests are development economics, applied microeconomics, political economy, and banking/finance. I will be available for interviews at the
- 2018 CICE China Job Market in Beijing
- 2019 ASSA Meetings in Atlanta
Zombie firms---indebted firms that are unprofitable and depend on banks or government bailouts for continued operation---are a drag on the economies in which they operate. The existence of zombie firms has been attributed to banks continuing to provide forbearance lending for their own interests. But local political officials may also contribute to keeping zombie firms alive, even in settings without the pressures of electoral cycles. Studying loans in China, I examine how bank lending is influenced by local officials and tracks their appointment cycle. I find that there is significant targeting of firms: lending to zombie firms increases in local officials' last service year and exhibits an increasing trend across the appointment cycle, while lending to non-zombie firms shrinks in the last service year and decreases across the cycle. I also find that influence is selective: local officials pressure small local banks more to lend to unprofitable firms, but their ability to affect large nationally operated banks appears to be limited.
- Privatization and Enterprise Performance: Evidence from China’s State-Owned Enterprises Reform
- Export Subsidies and Quality Upgrading: Evidence from Chinese Manufacturing Firms
- “Impact of the 18th Birthday on Waitlist Outcomes among Young Adults Listed for Heart Transplant: A Regression Discontinuity Analysis.” With D. M. Peng, N. McDonald, S. A. Hollander, D. Bernstein, K. Maeda, B. D. Kaufman, D. N. Rosenthal, and C. S. Almond. Journal of Heart and Lung Transplantation, vol. 36, no. 11, pp. 1185-1191, Nov. 2017.
- “The Three-Factor Model and Size and Value Premiums in China’s Stock Market.” With Shiqing Xie. Emerging Markets Finance and Trade, vol. 52, no. 5, pp. 1092-1105, March 2016.
Teaching assistant, Columbia University:
- Corporate Finance (Undergraduate, 2016-2017)
- Urban Economics (Undergraduate, Fall 2015)
- Game Theory (Undergraduate, Spring 2015)
- Economic Growth and Development (Master, Fall 2014)
- Teaching Evaluations
Teaching assistant, Peking University:
- International Financial Organizations (Undergraduate, Fall 2011, Fall 2012)
- MATLAB Programming in Financial Engineering (Undergraduate, Spring 2012)
- Personal Financial Management (Undergraduate, Summer 2011)