The Tokenomics of Staking, 2025 Financial Management Association Annual Meeting, Best Paper Award, 2025.
FinTech Platforms and Asymmetric Network Effects: Theory and Evidence from Marketplace Lending, 2024 China Tech-Fin Research Conference, Best Paper Award, First Prize, 2024
数据要素市场化对企业新质生产力的影响--基于数据交易平台成立的准自然实验，第六届中国金融学术与政策论坛(2024)，优秀论文。
Crypto Wash Trading, The 2nd Annual CBER-Circle Insight Award, Best Paper Finalist, 2024.
Teaching Economics to the Machines, 中国国际风险论坛和中国金融评论联合会议，优秀论文奖, 2024
The Tokenomics of Staking, The 36t Asian Finance Association Annual Conference, Best Paper Finalist, 2024
Staking, Token Pricing, and Crypto Carry, 19届中国金融学年会, 最佳论文一等奖, 2022
Value Premium, Network Adoption, and Factor Pricing of Crypto Assets, European Financial Management Association (EFMA) Conference, Best Paper Award, 2022
Staking, Token Pricing, and Crypto Carry, Annual Conference of the Asia-Pacific Association of Derivatives, Best Paper Award, 2022
Crypto Wash Trading, Crypto and Blockchain Economics Research (CBER) Conference, Best Paper Award, 2021
Crypto Wash Trading, 2021 Kaiko Prize for Research in Cryptoeconomics, Best Paper Award, 2021
Crypto Wash Trading, Annual Conference of the Asia-Pacific Association of Derivatives (APAD), Best Paper Award, 2021
AlphaPortfolio for Investment and Economically Interpretable AI, 第三届中国金融学术与政策论坛，英文最佳论文奖, 2021
Hedging Pressure and Commodity Option Prices，第二届中国衍生品青年论坛，最佳论文奖, 2021
中国线上线下的价格粘性对比与货币非中性程度变化, 18届中国金融学年会，三等奖, 2021
代表英文成果：
1.Crypto Value, Factor Pricing, and Market Segmentation, with Lin Cong (Cornell University), Andrew Karolyi (Cornell University), and Weiyi Zhao (Zhongnan University of Economics and Law), Management Science, forthcoming.
2.Statistical Tests for Replacing Human Decision Makers with Algorithms, with Kai Feng (Tsinghua University), Han Hong (Stanford University) and Jingyuan Wang (BUAA) Management Science, 2025, 3, 8995-9868.
3.Leverage is a Double-Edged Sword, with Avanidhar Subrahmanyam (UCLA), Jingyuan Wang (Beihang University) and Xuewei Yang (Nanjing University), Journal of Finance, 2024, 79, 1579-1634. (ESI高被引论文)
4.Financialization and Commodity Markets Serial Dependence, with Zhi Da (Notre Dame University), Yubo Tao (University of Macau) and Liyan Yang (Toronto University), Management Science, 2024, 70, 2023-2704.
5.Crypto Wash Trading, with Lin William Cong (Cornell University), Xi Li (University of Newcastle) and Yang Yang (University of Bristol), Management Science, 2023, 69, 6417-7150.
6.A Tale of Two Premiums: The Role of Hedgers and Speculators in Commodity Futures Markets, with Wenjin Kang (SUFE) and Geert Rouwenhorst (Yale University), Journal of Finance, 2020,75, 377-417.
7.Commodity as Collateral, with Haoxiang Zhu (MIT), Review of Financial Studies, 2016, 29, 2110-2160.
8.Economic Linkages, Relative Scarcity, and Commodity Futures Returns, with Jaime Casassus (Pontificia Universidad Catolica de Chile) and Peng Liu (Cornell University) , Review of Financial Studies, 2013, 26, 1324-1362.
9.Index Investment and the Financialization of Commodities, with Wei Xiong (Princeton University), Financial Analyst Journal, 2012, 68, 54-74. (ESI 高被引论文, Google Scholar 2200+)
10.Commodity Investing, with K. Geert Rouwenhorst (Yale University), Annual Review of Financial Economics, 2012, 4, 447–467.
其他英文成果：
11.Long Term Spread Option Valuation and Hedging, with Michael Dempster (Cambridge University) and Elena Medova (Cambridge University), Journal of Banking and Finance, 2008, 32, 2530-2540.
12.No-arbitrage Conditions for Storable Commodities and the Modelling of Futures Term Structures, with Peng Liu (Cornell University), Journal of Banking and Finance, 2010, 34, 1675-1687.
13.Estimating exponential affine models with correlated measurement errors: Applications to fixed income and commodities, with Michael Dempster (Cambridge University), Journal of Banking and Finance, 2011, 35, 639-652.
14.Institutional Asset Pricing, with Heterogeneous Beliefs, with Zhigang Qiu (Renmin University of China), Shiyang Huang (London School of Economics) and Qi Shang (Renmin University of China), Journal of Banking and Finance, 2013, 37, 4107-4119.
15.The Stochastic Behavior of Commodity Prices with Heteroskedasticity in the Convenience Yield, with Peng Liu (Cornell University), Journal of Empirical Finance, 2011, 18, 211-224.
16.Time-varying Long Run Mean of Commodity Prices and the Modelling of Futures Term Structure, Quantitative Finance, 2012, 12, 781-790.
17.Determinants of Oil Futures Prices and Convenience Yields, with Michael Dempster (Cambridge University) and Elena Medova (Cambridge University), Quantitative Finance, 2012,12,1795-1809.
18.The Determinants of Homebuilder Stock Price Exposure to Lumber: Production Cost versus Housing Demand, with Peng Liu (Cornell University) and Xiaomeng Lu (Cornell University), Journal of Housing Economics, 2012, 21, 211-222.
19.Maximal Affine Models for Multiple Commodities: A Note, with Jaime Casassus (Pontificia Universidad Catolica de Chile) and Peng Liu (Cornell University), Journal of Futures Markets, 2015, 35, 75-86.
20.Size and Performance of Chinese Mutual Funds: The Role of Economy of Scale and Liquidity, with Wenjun Wang (Renmin University of China) and Rong Xu (Renmin University of China), Pacific-Basin Finance Journal, 2012, 20, 228-246.
21.Are Chinese Warrants Derivatives? Evidence from Connections to their Underlying Stocks, with Changyun Wang (Renmin University of China), Quantitative Finance, 2013, 13, 1225-1240.
22.Cross-Market Soybean Futures Price Discovery: Does the Dalian Commodity Exchange Affect the Chicago Board of Trade? with Liyan Han (Beihang University) and Rong Liang (Renmin University of China) Quantitative Finance, 2013,13,613-626.
23.Corporate Governance and Firm Liquidity: Evidence from the Chinese Stock Market, with Changyun Wang (Renmin University of China), Emerging Market Finance and Trade, 2011, 47, 47-60.
24.China’s Imported Inflation and Global Commodity Prices, with Changyun Wang (Renmin University of China) and Shiyi Wang (Renmin University of China), Emerging Market Finance and Trade, 2014, 50, 162–177.
25.Latent Jump Diffusion Factor Estimation for Commodity Futures, with Michael Dempster (Cambridge University) and Elena Medova (Cambridge University), Journal of Commodity Markets, 2018, 9, 35-54.
26.Commodity Prices and GDP Growth, with Yiqing Ge (Tsinghua University), International Review of Financial Analysis, 2020,5, 101512.
27.Gender and Herding, with Jie Michael Guo (Durham University), YaodongLiu (Durham University), and Zhigang Zheng (Renmin University of China), Journal of Empirical Finance, 2021, 64, 379-400.
28.Do Corporate Managers Believe in Luck? Evidence of the Chinese Zodiac Effect, with Jiarong Li (Durham University), Jie Michael Guo (Durham University), Nan Hu (Glasgow University), International Review of Financial Analysis, 2021, 101861
29.Deep Sequence Modeling: Development and Applications in Asset Pricing, with Lin William Cong (Cornell University), Jingyuan Wang (BUAA) and Yang Zhang (BUAA), The Journal of Financial Data Science, 2021, 3, 28-42.
30.Impact of Temperature and Relative Humidity on the Transmission of COVID-19: A Modelling Study in China and the United States, with Jingyuan Wang, Kai Feng(BUAA), Xin Lin (BUAA), Weifeng Lv (BUAA), Kun Chen (University of Connecticut), Fei Wang (Cornell University), BMJ Open, 2021, 11, e043863 (ESI 高被引论文， Google Scholar 900+)
31.Can the E-commercialization improve residents’ income? --Evidence from “Taobao Counties” in China, with Qiaoqin Xiong(Tsinghua University) and Fengyu Zhang(Tsinghua University), International Review of Economics and Finance, 2022, 3, 540-553.
32.Online Prices and Inflation during the Nationwide COVID-19 Quarantine Period: Evidence from 107 Chinese Websites, with Tingfeng Jiang (UIBE), Taoxiong Liu (Tsinghua University) and Jiaqing Zeng (Tsinghua University), Finance Research Letters, 2022, 49, 103166.
33.Experience of the COVID-19 pandemic in Wuhan leads to a lasting increase in social distancing, with Edoardo Gallo (Cambridge University), Darija Barak (Cambridge University), Ke Rong (Tsinghua University), and Wei Du (Anhui University of Finance and Economics), Scientific Reports, 2022,12, 18457.
34.Assortative Mating on Blood Type: Evidence from One Million Chinese Pregnancies, with Yao Hou (Tsinghua University), Jingyuan Wang (BUAA), Danxia Xie (Tsinghua University), Hanzhe Zhang (Michgan State University), Proceedings of the National Academy of Sciences (PNAS), 2022, 51, e22096431
35.Financialization of Commodity Markets Ten Years Later, with Wenjin Kang (Macau University) and Ningli Wang(Tsinghua), Journal of Commodity Markets, 2023, 30, 100313.
36.Macroeconomic Effects of CBDC Negative Interest Policy in an Open Economy: A Comparison of Quantity and Price Rules, with Qiuling Hua (Jilin University) and Tingfeng Jiang (UIBE), International Review of Economics and Finance, 2025, 104119.
37.商业银行竞争、效率及其关系研究--以韩国、中国台湾和中国大陆为例(与黄隽合作) ,《中国社会科学》并被《新华文摘》转载， 2008年，第二作者。
38.中国商品期货投资属性研究(与钟腾合作), 《金融研究》，2016年第4期，通讯作者。
39.一种基于在线大数据的高频CPI指数的设计及应用（与刘涛雄、姜婷凤和仉力合作），《数量经济技术经济研究》，2019年第9期，第二作者。
40.基于在线大数据的中国商品价格粘性研究 (与姜婷凤和刘涛雄合作)，《经济研究》，2020年第6期，通讯作者。
41.非权益众筹的亲社会动机及支持行为研究(与姜婷凤合作)，《经济学季刊》，2020年10月，通讯作者。
42.调整期货交易规则可以降低投资者杠杆吗？(与王静远、葛逸清、邓雅琳合作)，《管理科学学报》，2021年2月，通讯作者。
43.数据要素的界权、交易和定价研究进展 （与熊巧琴合作），《经济学动态》，2021年2月，第二作者
44.基于在线大数据的通货膨胀“现时”预测（与姜婷凤、刘涛雄合作）， 《计量经济学报》，2022年7月，通讯作者
45.中国南北方上市公司表现差异及形成机制研究（与何致衡、康文津合作），《经济学季刊》，2023年3月，第二作者
46.第三方数字平台能否帮助中小微企业提升经营收益？——来自百万商户大数据的证据（与熊巧琴、张丰羽合作），《经济学季刊》，2023，通讯作者
47.中国大宗商品期货市场定价机制研究（与冯玉林和康文津合作），《金融研究》，2022年12月，第二作者
48.高频全量企业大数据视角下的创业、集聚与制度协同研究（与赵慧和张涛合作），《中国管理科学》，2023年6月，通讯作者
49.数据信托:可信的数据流通模式（与黄京磊和李金璞合作），《大数据》，2023年9月，通讯作者
50.人民币国际化及其影响因素研究：基于汇率联动视角（与徐扬和谢丹夏合作），《国际金融研究》，2023年3月，第二作者
51.数字时代的算法滥用及其规制研究（与张丰羽合作），《经济学动态》，2023年2月，通讯作者。
52.企业数据资产化：会计确认与价值评估（与罗枚、李金璞合作），《清华大学学报》，2023年9月，通讯作者。
53.授权运营制度下公共数据产品与服务的两级定价模型，（与王锦霄、陈刚合作），《管理评论》,2024。
54.数据的要素化与资产化：理论辨析与实践探索,(与陈刚;颜斌斌合作），《国际经济评论》，2024。
55.保证金调整与期货价格波动（与汪宁丽合作）,《管理科学学报》，2025年1月，通讯作者
56.基于文本分析的首席经济学家信心指数的构建与宏观预测（与张涛、谢海华合作），《管理科学学报》，2025年3月，第二作者
57.央行数字货币跨境交易中的自动做市商机制初探，《计量经济学报》，接收，通讯作者
58.政务数据资产化：会计确认与价值评估 （与徐琳、郑远合作）《清华大学学报》2025年03月，第三作者。
59.数据资产泡沫：理论框架与政策权衡（与李金璞、孙浩宁、董丰合作）《管理世界》2025年09月。
60.数字时代的财政货币政策协同效应（与姜婷凤、李明浩合作）《中国社会科学》2025年12月。
61.专利价值折损、金融市场与企业创新发展（与孙震、欧阳鑫合作）《管理世界》接收。
