Assistant Professor of Finance
Hong Kong University of Science and Technology
Ph.D. in Economics, MIT, 2017
Research Interests:
Asset Pricing, and Its Connection with Industrial Organization Frictions in Financial Markets and Product Markets Micro-Founded Macroeconomic ModelsContact
Room 5005, Department of Finance
Lee Shau Kee Business Building
Hong Kong University of Science and Technology
Clear Water Bay, Kowloon, Hong Kong
(852)23588298, jiy@ust.hk
Working Papers
Endogenous Competition and Financial Distress (with Hui Chen, Winston Dou)
Endogenous Price War Risks (with Winston Dou, Wei Wu, 2019, Online Appendix)
Customer Capital, Financial Constraints and Stock Returns (with Winston Dou, David Reibstein, Wei Wu, 2019, Online Appendix, Revise and Resubmit, Journal of Finance)
Job Search under Debt: Aggregate Implications of Student Loans (2018)
External Financing and Customer Capital: A Financial Theory of Markups (with Winston Dou, 2018, Revise and Resubmit, Management Science)
Distinguishing Constraints on Financial Inclusion and Their Impact on GDP, TFP, and The Distribution of Income (with Era Dabla-Norris, Robert Townsend, D. Filiz Unsal, 2018, NBER Working Paper No. 20821)
Work in Progress
Bank Branch Expansion vs International Capital Flows: Integrating Local Spatial Markets with Macro Aggregates (with Robert Townsend)