Winston Wei Dou


Published or Forthcoming

Common Fund Flows: Flow Hedging and Factor Pricing

Joint with Leonid Kogan, Wei Wu

Journal of Finance, Forthcoming, November 2022
Online Appendix

Winner of NASDAQ Award for the Best Paper on Asset Pricing at Western Finance Association (WFA)

The Oligopoly Lucas Tree

Joint with Yan Ji, Wei Wu

Review of Financial Studies (2022), Vol. 35, Issue 8, 3867-3921
Online Appendix

Winner of AAII Award for the Best Paper on Investments at Midwestern Finance Association (MFA)

Measuring the “Dark Matter” in Asset Pricing Models

Joint with Hui Chen, Leonid Kogan

Journal of Finance, Forthcoming, April 2021
Online Appendix

Winner of Best Paper Award at the Red Rock Finance Conference

Dissecting Bankruptcy Frictions

Joint with Lucian Taylor, Wei Wang, Wenyu Wang

Journal of Financial Economics (2021), Vol. 142, Issue 3, 975-1000
Online Appendix

Editor's choice at the JFE, December 2021

Winner of Jacobs Levy Center Outstanding Research Paper Prize

Competition, Profitability, and Discount Rates

Joint with Yan Ji, Wei Wu

Journal of Financial Economics (2021), Vol. 140, No. 2, 582-620
Online Appendix

Winner of Best Paper Award at China International Conference in Macroeconomics

Featured in the HKUST University Annual Report as "research breakthroughs" across all disciplines,  2021, "Insights into Product Market Competition"    

External Financing and Customer Capital: A Financial Theory of Markups

Joint with Yan Ji

Management Science (2021), Vol. 67, No. 9, 5569-5585
Online Appendix

Inalienable Customer Capital, Corporate Liquidity and Stock Returns

Joint with Yan Ji, David Reibstein, Wei Wu

Journal of Finance (2021), Vol. 76, No.1, 211-265
Online Appendix

Winner of Marshall Blume Prize in Financial Research at the Rodney L. White Center 

Winner of PwC Finance Forum Best Paper Award

Ensemble Subsampling for Imbalanced Multivariate Two-Sample Tests

Joint with Lisha Chen, Zhihua Qiao

Journal of the American Statistical Association (2013), Volume 108, Issue 504
Online Appendix

Estimation in Functional Regression for General Exponential Families

Joint with David Pollard, Harrison Zhou

Annals of Statistics (2012), Vol. 40, No.5, 2421-2451
Online Appendix

Winner of  I. R. Savage Award by the American Statistical Association

Working Papers

Feedback and Contagion Through Distressed Competition

Joint with Hui Chen, Hongye Guo, Yan Ji

Journal of Finance, Revise and Resubmit, August 2023
Supplemental Appendix
Additional Materials

Featured in the News (NBER, Quartz), January 2023, "Even Competition Is Bad For Consumers When The Prize Is Monopoly

Featured in the News (Knowledge at Wharton), July 2023, "Why Increased Firm Competition Can Cause a Spiral of Distress  

Competition Network and Predictable Industry Returns

Joint with Wei Wu

August 2023

Winner of Richard A. Crowell Memorial Prize, Second Prize, PanAgora Asset Management

Winner of CFA Institute Asia-Pacific Research Exchange Award (NZFM)

Asset Pricing with Misallocation

Joint with Yan Ji, Di Tian, Pengfei Wang

February 2021

Winner of Best Paper Award on Asset Pricing at the Northern Finance Association (NFA)

Embrace or Fear Uncertainty: Growth Options, Limited Risk Sharing, and Asset Prices

March 2017
Online Appendix

Winner of MFM Dissertation Award at the Becker Friedman Institute

Work in Progress