Winston Wei Dou
Research
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)
Macro-Finance Models with Nonlinear Dynamics
Joint with Andrew W. Lo, Xiang Fang, Harald Uhlig
Annual Review of Financial Economics, Forthcoming, September 2021
Online Appendix
Solution Codes and Quantitative Analysis
Macro-Finance Decoupling: Robust Evaluations of Macro Asset Pricing Models
Joint with Xu Cheng, Zhipeng Liao
Econometrica (2022), Vol. 90, No. 2, 685-713
Supplemental Appendix
Additional Materials
The Oligopoly Lucas Tree
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
Journal of Financial Economics (2021), Vol. 140, No. 2, 582-620
Online Appendix
Winner of Best Paper Award at China International Conference in Macroeconomics
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
Macroeconomic Models for Monetary Policies: A Critical Review from a Finance Perspective
Joint with Andrew W. Lo, Ameya Muley, Harald Uhlig
Annual Review of Financial Economics (2020), Vol. 12, No. 1, 95-140
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, December 2022
Online Appendix
Featured in the News (NBER, Quartz), January 2023, "Even Competition Is Bad For Consumers When The Prize Is Monopoly"
The Cost of Intermediary Market Power for Distressed Borrowers
Joint with Wei Wang, Wenyu Wang
August 2022
Featured in the News (Knowledge at Wharton, Fortune), August 2022, "How Loan Market Concentration Hurts Distressed Corporate Borrowers"
Competition Network: Distress Spillovers and Predictable Industry Returns
Joint with Shane Johnson, Wei Wu
March 2022
Online Appendix
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
The Volatility of International Capital Flows and Foreign Assets
Joint with Adrien Verdelhan
March 2017
Work in Progress
Common Fund Flows: Flow Hedging and Factor Pricing
Joint with Leonid Kogan, Wei Wu
Journal of Finance, Forthcoming, November 2022Online Appendix
Winner of NASDAQ Award for the Best Paper on Asset Pricing at Western Finance Association (WFA)
Macro-Finance Models with Nonlinear Dynamics
Joint with Andrew W. Lo, Xiang Fang, Harald Uhlig
Annual Review of Financial Economics, Forthcoming, September 2021Online Appendix
Solution Codes and Quantitative Analysis
Macro-Finance Decoupling: Robust Evaluations of Macro Asset Pricing Models
Joint with Xu Cheng, Zhipeng Liao
Econometrica (2022), Vol. 90, No. 2, 685-713Supplemental Appendix
Additional Materials
The Oligopoly Lucas Tree
Review of Financial Studies (2022), Vol. 35, Issue 8, 3867-3921Online 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 2021Online 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, 975-1000Online Appendix
Editor's choice at the JFE, December 2021
Winner of Jacobs Levy Center Outstanding Research Paper PrizeCompetition, Profitability, and Discount Rates
Journal of Financial Economics (2021), Vol. 140, No. 2, 582-620Online Appendix
Winner of Best Paper Award at China International Conference in Macroeconomics
External Financing and Customer Capital: A Financial Theory of Markups
Joint with Yan Ji
Management Science (2021), Vol. 67, No. 9, 5569-5585Online Appendix
Macroeconomic Models for Monetary Policies: A Critical Review from a Finance Perspective
Joint with Andrew W. Lo, Ameya Muley, Harald Uhlig
Annual Review of Financial Economics (2020), Vol. 12, No. 1, 95-140Inalienable Customer Capital, Corporate Liquidity and Stock Returns
Joint with Yan Ji, David Reibstein, Wei Wu
Journal of Finance (2021), Vol. 76, No.1, 211-265Online Appendix
Winner of Marshall Blume Prize in Financial Research at the Rodney L. White Center
Winner of PwC Finance Forum Best Paper AwardEnsemble Subsampling for Imbalanced Multivariate Two-Sample Tests
Joint with Lisha Chen, Zhihua Qiao
Journal of the American Statistical Association (2013), Volume 108, Issue 504Online Appendix
Estimation in Functional Regression for General Exponential Families
Joint with David Pollard, Harrison Zhou
Annals of Statistics (2012), Vol. 40, No.5, 2421-2451Online Appendix
Winner of I. R. Savage Award by the American Statistical Association
Feedback and Contagion through Distressed Competition
Joint with Hui Chen, Hongye Guo, Yan Ji
Journal of Finance, Revise and Resubmit, December 2022Online Appendix
Featured in the News (NBER, Quartz), January 2023, "Even Competition Is Bad For Consumers When The Prize Is Monopoly"
The Cost of Intermediary Market Power for Distressed Borrowers
Joint with Wei Wang, Wenyu Wang
August 2022Featured in the News (Knowledge at Wharton, Fortune), August 2022, "How Loan Market Concentration Hurts Distressed Corporate Borrowers"
Competition Network: Distress Spillovers and Predictable Industry Returns
Joint with Shane Johnson, Wei Wu
March 2022Online Appendix
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 2021Winner 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 2017Online Appendix
Winner of MFM Dissertation Award at the Becker Friedman Institute
The Volatility of International Capital Flows and Foreign Assets
Joint with Adrien Verdelhan
March 2017