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Winston Wei Dou

Personal Details

First Name:Winston
Middle Name:Wei
Last Name:Dou
Suffix:
RePEc Short-ID:pdo523
[This author has chosen not to make the email address public]
https://fnce.wharton.upenn.edu/profile/wdou/

Affiliation

(50%) Finance Department
Wharton School of Business
University of Pennsylvania

Philadelphia, Pennsylvania (United States)
http://finance.wharton.upenn.edu/
RePEc:edi:fdupaus (more details at EDIRC)

(50%) National Bureau of Economic Research (NBER)

Cambridge, Massachusetts (United States)
http://www.nber.org/
RePEc:edi:nberrus (more details at EDIRC)

Research output

as
Jump to: Working papers Articles

Working papers

  1. Winston Wei Dou & Wei Wang & Wenyu Wang, 2026. "The Cost of Intermediary Market Power for Distressed Borrowers," NBER Working Papers 35206, National Bureau of Economic Research, Inc.
  2. Winston Wei Dou & Itay Goldstein & Yan Ji, 2025. "AI-Powered Trading, Algorithmic Collusion, and Price Efficiency," NBER Working Papers 34054, National Bureau of Economic Research, Inc.
  3. Winston Wei Dou & Shane A. Johnson & Wei Wu, 2025. "Market Competition and Shock Propagation: Implications for Margins and Distress," NBER Working Papers 33463, National Bureau of Economic Research, Inc.
  4. Winston Wei Dou & Yan Ji & Di Tian & Pengfei Wang, 2024. "Misallocation and Asset Prices," NBER Working Papers 32147, National Bureau of Economic Research, Inc.
  5. Hui Chen & Winston Wei Dou & Hongye Guo & Yan Ji, 2023. "Feedback and Contagion through Distressed Competition," NBER Working Papers 30841, National Bureau of Economic Research, Inc.
  6. Xiao Cen & Winston Wei Dou & Leonid Kogan & Wei Wu, 2023. "Fund Flows and Income Risk of Fund Managers," NBER Working Papers 31986, National Bureau of Economic Research, Inc.
  7. Winston Wei Dou & Leonid Kogan & Wei Wu, 2022. "Common Fund Flows: Flow Hedging and Factor Pricing," NBER Working Papers 30234, National Bureau of Economic Research, Inc.
  8. Xu Cheng & Winston Wei Dou & Zhipeng Liao, 2020. "Macro-Finance Decoupling: Robust Evaluations of Macro Asset Pricing Models," PIER Working Paper Archive 20-019, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
  9. Hui Chen & Winston Wei Dou & Leonid Kogan, 2019. "Measuring “Dark Matter” in Asset Pricing Models," NBER Working Papers 26418, National Bureau of Economic Research, Inc.
  10. Winston Wei Dou & David Pollard & Harrison H. Zhou, 2011. "Estimation in Functional Regression for General Exponential Families," Papers 1108.3552, arXiv.org.

Articles

  1. Hui Chen & Winston Wei Dou & Leonid Kogan, 2024. "Measuring “Dark Matter” in Asset Pricing Models," Journal of Finance, American Finance Association, vol. 79(2), pages 843-902, April.
  2. Yaru Gong & Wei Dou & Bochen Lu & Xuemei Zhang & He Zhu & Pan Ying & Qingtang Zhang & Yuqi Liu & Yanan Li & Xinqi Huang & Muhammad Faisal Iqbal & Shihua Zhang & Di Li & Yongsheng Zhang & Haijun Wu & G, 2024. "Divacancy and resonance level enables high thermoelectric performance in n-type SnSe polycrystals," Nature Communications, Nature, vol. 15(1), pages 1-13, December.
  3. Di Wang & Wei Dou, 2024. "Investigation on how carbon markets and digital transformation affect green innovation: evidence from Chinese listed companies," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 26(9), pages 22775-22800, September.
  4. Zhang, Shengling & Dou, Wei & Wu, Zihao & Hao, Yu, 2023. "Does the financial support to rural areas help to reduce carbon emissions? Evidence from China," Energy Economics, Elsevier, vol. 127(PA).
  5. Winston Wei Dou & Xiang Fang & Andrew W. Lo & Harald Uhlig, 2023. "Macro-Finance Models with Nonlinear Dynamics," Annual Review of Financial Economics, Annual Reviews, vol. 15(1), pages 407-432, November.
  6. Weiwei Chen & Yibo Wang & Jia Zhang & Wei Dou & Yaxuan Jiao, 2022. "Planning and Energy–Economy–Environment–Security Evaluation Methods for Municipal Energy Systems in China under Targets of Peak Carbon Emissions and Carbon Neutrality," Energies, MDPI, vol. 15(19), pages 1-20, October.
  7. Winston Wei Dou & Yan Ji & Wei Wu, 2022. "The Oligopoly Lucas Tree," The Review of Financial Studies, Society for Financial Studies, vol. 35(8), pages 3867-3921.
  8. Xu Cheng & Winston Wei Dou & Zhipeng Liao, 2022. "Macro‐Finance Decoupling: Robust Evaluations of Macro Asset Pricing Models," Econometrica, Econometric Society, vol. 90(2), pages 685-713, March.
  9. Winston Wei Dou & Yan Ji & David Reibstein & Wei Wu, 2021. "Inalienable Customer Capital, Corporate Liquidity, and Stock Returns," Journal of Finance, American Finance Association, vol. 76(1), pages 211-265, February.
  10. Dou, Winston Wei & Ji, Yan & Wu, Wei, 2021. "Competition, profitability, and discount rates," Journal of Financial Economics, Elsevier, vol. 140(2), pages 582-620.
  11. Winston Wei Dou & Yan Ji, 2021. "External Financing and Customer Capital: A Financial Theory of Markups," Management Science, INFORMS, vol. 67(9), pages 5569-5585, September.
  12. Dou, Winston Wei & Taylor, Lucian A. & Wang, Wei & Wang, Wenyu, 2021. "Dissecting bankruptcy frictions," Journal of Financial Economics, Elsevier, vol. 142(3), pages 975-1000.
  13. Winston W. Dou & Andrew W. Lo & Ameya Muley & Harald Uhlig, 2020. "Macroeconomic Models for Monetary Policy: A Critical Review from a Finance Perspective," Annual Review of Financial Economics, Annual Reviews, vol. 12(1), pages 95-140, December.
  14. Lisha Chen & Winston Wei Dou & Zhihua Qiao, 2013. "Ensemble Subsampling for Imbalanced Multivariate Two-Sample Tests," Journal of the American Statistical Association, Taylor & Francis Journals, vol. 108(504), pages 1308-1323, December.

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

Working papers

  1. Winston Wei Dou & Itay Goldstein & Yan Ji, 2025. "AI-Powered Trading, Algorithmic Collusion, and Price Efficiency," NBER Working Papers 34054, National Bureau of Economic Research, Inc.

    Cited by:

    1. Yu Liu & Wenwen Li & Yifan Dou & Guangnan Ye, 2025. "When Machines Meet Each Other: Network Effects and the Strategic Role of History in Multi-Agent AI," Papers 2510.06903, arXiv.org.

  2. Winston Wei Dou & Yan Ji & Di Tian & Pengfei Wang, 2024. "Misallocation and Asset Prices," NBER Working Papers 32147, National Bureau of Economic Research, Inc.

    Cited by:

    1. Filep-Mosberger, Palma & Kaszab, Lorant, 2024. "The endogenous growth and asset prices nexus revisited with closed-form solution," Finance Research Letters, Elsevier, vol. 68(C).

  3. Hui Chen & Winston Wei Dou & Hongye Guo & Yan Ji, 2023. "Feedback and Contagion through Distressed Competition," NBER Working Papers 30841, National Bureau of Economic Research, Inc.

    Cited by:

    1. Lange, Rutger-Jan & Teulings, Coen N., 2024. "Irreversible investment under predictable growth: Why land stays vacant when housing demand is booming," Journal of Economic Theory, Elsevier, vol. 215(C).
    2. Lee, Yehwan & Han, Seung Hun, 2025. "ESG news spillover and corporate investment efficiency," Global Finance Journal, Elsevier, vol. 68(C).
    3. Najet Rejeb & Houssam Bouzgarou & Faten Lakhal, 2026. "CSR investments strategies of financially distressed firms in competitive markets," Journal of Asset Management, Palgrave Macmillan, vol. 27(1), pages 1-12, March.

  4. Xiao Cen & Winston Wei Dou & Leonid Kogan & Wei Wu, 2023. "Fund Flows and Income Risk of Fund Managers," NBER Working Papers 31986, National Bureau of Economic Research, Inc.

    Cited by:

    1. Hui Chen & Winston Wei Dou & Leonid Kogan, 2024. "Measuring “Dark Matter” in Asset Pricing Models," Journal of Finance, American Finance Association, vol. 79(2), pages 843-902, April.

  5. Winston Wei Dou & Leonid Kogan & Wei Wu, 2022. "Common Fund Flows: Flow Hedging and Factor Pricing," NBER Working Papers 30234, National Bureau of Economic Research, Inc.

    Cited by:

    1. Aldunate, Felipe & Da, Zhi & Larrain, Borja & Sialm, Clemens, 2025. "Pension fund flows, exchange rates, and covered interest rate parity," Journal of Financial Economics, Elsevier, vol. 170(C).
    2. Malik, Ali K. & Colak, Gonul & Löflund, Anders, 2024. "Gold, platinum, and mutual fund flows," Journal of Empirical Finance, Elsevier, vol. 79(C).
    3. Galindo Gil, Hamilton & Lazo-Paz, Renato, 2025. "An ETF-based measure of stock price fragility," Journal of Financial Markets, Elsevier, vol. 72(C).
    4. Aragon, George O. & Kim, Min S., 2023. "Fire sale risk and expected stock returns," Journal of Financial Economics, Elsevier, vol. 149(3), pages 578-609.
    5. Dekker, Lennart, 2024. "Essays on asset liquidity and investment funds," Other publications TiSEM 5fc9bf77-84e7-4a36-9e3a-1, Tilburg University, School of Economics and Management.

  6. Xu Cheng & Winston Wei Dou & Zhipeng Liao, 2020. "Macro-Finance Decoupling: Robust Evaluations of Macro Asset Pricing Models," PIER Working Paper Archive 20-019, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.

    Cited by:

    1. Ashby, M. & Linton, O. B., 2022. "Do Consumption-based Asset Pricing Models Explain Own-history Predictability in Stock Market Returns?," Cambridge Working Papers in Economics 2259, Faculty of Economics, University of Cambridge.
    2. Gurdip Bakshi & John Crosby & Xiaohui Gao, 2023. "Dark Matter in (Volatility and) Equity Option Risk Premiums," Papers 2303.16371, arXiv.org.
    3. Doko Tchatoka, Firmin & Dufour, Jean-Marie, 2025. "Exogeneity tests and weak identification in IV regressions: Asymptotic theory and point estimation," Journal of Econometrics, Elsevier, vol. 248(C).
    4. David Alaminos & Ignacio Esteban & M. Belén Salas, 2023. "Neural networks for estimating Macro Asset Pricing model in football clubs," Intelligent Systems in Accounting, Finance and Management, John Wiley & Sons, Ltd., vol. 30(2), pages 57-75, April.
    5. Striani, Fabrizio, 2023. "Life-cycle consumption and life insurance: Empirical evidence from Italian Survey," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 619(C).
    6. Belo, Frederico & Deng, Yao & Salomao, Juliana, 2024. "Estimating and testing investment-based asset pricing models," Journal of Financial Economics, Elsevier, vol. 162(C).
    7. Michael William Ashby & Oliver Bruce Linton, 2024. "Do Consumption-Based Asset Pricing Models Explain the Dynamics of Stock Market Returns?," JRFM, MDPI, vol. 17(2), pages 1-41, February.
    8. Marfè, Roberto & Pénasse, Julien, 2024. "Measuring macroeconomic tail risk," Journal of Financial Economics, Elsevier, vol. 156(C).

  7. Hui Chen & Winston Wei Dou & Leonid Kogan, 2019. "Measuring “Dark Matter” in Asset Pricing Models," NBER Working Papers 26418, National Bureau of Economic Research, Inc.

    Cited by:

    1. Lars Peter Hansen & Thomas J. Sargent, 2019. "Macroeconomic Uncertainty Prices when Beliefs are Tenuous," NBER Working Papers 25781, National Bureau of Economic Research, Inc.
    2. Matthew Baron & Wei Xiong, 2016. "Credit Expansion and Neglected Crash Risk," NBER Working Papers 22695, National Bureau of Economic Research, Inc.
    3. Chernov, Mikhail & Augustin, Patrick & Schmid, Lukas & Song, Dongho, 2019. "Benchmark interest rates when the government is risky," CEPR Discussion Papers 14105, Centre for Economic Policy Research.
    4. Christian Schlag & Michael Semenischev & Julian Thimme, 2021. "Predictability and the Cross-Section of Expected Returns: A Challenge for Asset Pricing Models," Management Science, INFORMS, vol. 67(12), pages 7932-7950, December.
    5. Lars P. Hansen & Thomas J. Sargent, 2016. "Sets of Models and Prices of Uncertainty," NBER Working Papers 22000, National Bureau of Economic Research, Inc.
    6. Orlik, Anna & Veldkamp, Laura, 2024. "Understanding uncertainty shocks and the role of black swans," Journal of Economic Theory, Elsevier, vol. 222(C).
    7. Hassan Afrouzi & Laura Veldkamp, 2019. "Biased Inflation Forecasts," 2019 Meeting Papers 894, Society for Economic Dynamics.
    8. Jerry Tsai & Jessica A. Wachter, 2014. "Rare Booms and Disasters in a Multi-sector Endowment Economy," NBER Working Papers 20062, National Bureau of Economic Research, Inc.
    9. Belo, Frederico & Deng, Yao & Salomao, Juliana, 2024. "Estimating and testing investment-based asset pricing models," Journal of Financial Economics, Elsevier, vol. 162(C).
    10. John H. Cochrane, 2016. "Macro-Finance," NBER Working Papers 22485, National Bureau of Economic Research, Inc.
    11. Robert Barro & Tao Jin, 2021. "Rare Events and Long-Run Risks," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 39, pages 1-25, January.

Articles

  1. Hui Chen & Winston Wei Dou & Leonid Kogan, 2024. "Measuring “Dark Matter” in Asset Pricing Models," Journal of Finance, American Finance Association, vol. 79(2), pages 843-902, April.
    See citations under working paper version above.
  2. Yaru Gong & Wei Dou & Bochen Lu & Xuemei Zhang & He Zhu & Pan Ying & Qingtang Zhang & Yuqi Liu & Yanan Li & Xinqi Huang & Muhammad Faisal Iqbal & Shihua Zhang & Di Li & Yongsheng Zhang & Haijun Wu & G, 2024. "Divacancy and resonance level enables high thermoelectric performance in n-type SnSe polycrystals," Nature Communications, Nature, vol. 15(1), pages 1-13, December.

    Cited by:

    1. Guodong Tang & Yuqi Liu & Xiaoyu Yang & Yongsheng Zhang & Pengfei Nan & Pan Ying & Yaru Gong & Xuemei Zhang & Binghui Ge & Nan Lin & Xuefei Miao & Kun Song & Carl-Friedrich Schön & Matteo Cagnoni & Da, 2024. "Interplay between metavalent bonds and dopant orbitals enables the design of SnTe thermoelectrics," Nature Communications, Nature, vol. 15(1), pages 1-13, December.
    2. Yu Zhang & Congcong Xing & Dongyang Wang & Aziz Genç & Seng Huat Lee & Cheng Chang & Zhi Li & Luyao Zheng & Khak Ho Lim & Hangtian Zhu & Rabeya Bosry Smriti & Yu Liu & Shaobo Cheng & Min Hong & Xiaole, 2025. "Realizing high power factor and thermoelectric performance in band engineered AgSbTe2," Nature Communications, Nature, vol. 16(1), pages 1-12, December.
    3. Haonan Shi & Yi Wen & Shulin Bai & Cheng Chang & Lizhong Su & Tian Gao & Shibo Liu & Dongrui Liu & Bingchao Qin & Yongxin Qin & Huiqiang Liang & Xin Qian & Zhenghao Hou & Xiang Gao & Tianhang Zhou & Q, 2025. "Crystal symmetry modification enables high-ranged in-plane thermoelectric performance in n-type SnSe crystals," Nature Communications, Nature, vol. 16(1), pages 1-11, December.
    4. Song Li & Yuxuan Yang & Xiaoyu Fei & Yang Geng & Jiajun Nan & Pubao Peng & Guizhong Li & Yang Zhang & Xiaobing Liu & Yongsheng Zhang & Haijun Wu & Guodong Tang, 2026. "Nanotwin architecture and ultra-high valley degeneracy lead to high thermoelectric performance in GeTe-based thermoelectric materials," Nature Communications, Nature, vol. 17(1), pages 1-12, December.

  3. Di Wang & Wei Dou, 2024. "Investigation on how carbon markets and digital transformation affect green innovation: evidence from Chinese listed companies," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 26(9), pages 22775-22800, September.

    Cited by:

    1. Zhonglin Sheng & Longyan Zhang & Xiaoling Wang & Xiao-Chen Yuan & Chao Feng, 2026. "Policy effects of belt and road initiative on corporate green transformation: empirical tests based on dual machine learning model," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 28(2), pages 5207-5232, February.

  4. Zhang, Shengling & Dou, Wei & Wu, Zihao & Hao, Yu, 2023. "Does the financial support to rural areas help to reduce carbon emissions? Evidence from China," Energy Economics, Elsevier, vol. 127(PA).

    Cited by:

    1. Li, Songrui & Zhu, Chunxu, 2026. "Towards intra-provincial and inter-provincial low-carbon balanced development: a two-level carbon compensation mechanism for rural energy based on carbon deficit," Renewable and Sustainable Energy Reviews, Elsevier, vol. 226(PE).
    2. Jacek Kulawik & Michał Soliwoda & Agnieszka Kurdyś-Kujawska & Justyna Herda-Kopańska & Cezary Klimkowski, 2023. "Cost of Energy Consumption and Return of Excise Tax on Motor Fuels vs. the Durability of Operations and Financial Sustainability in Polish Agriculture," Energies, MDPI, vol. 17(1), pages 1-22, December.
    3. Weng, Shimei & Song, Malin & Tao, Weiliang & Chen, Jianbao & Chen, Hao, 2025. "Breaking the inertia of urban energy systems: Does the new energy demonstration city construction improve carbon unlocking efficiency?," Renewable Energy, Elsevier, vol. 244(C).
    4. Shahzad, Umer, 2025. "Achieving clean energy transitions: How green innovation and financial development shape energy usage," Energy Economics, Elsevier, vol. 150(C).
    5. Elahi, Ehsan & Zhu, Min & Khalid, Zainab & Wei, Kezhen, 2024. "An empirical analysis of carbon emission efficiency in food production across the Yangtze River basin: Towards sustainable agricultural development and carbon neutrality," Agricultural Systems, Elsevier, vol. 218(C).
    6. Hanjin Li & Hu Tian & Xinyu Liu & Jiansheng You, 2024. "Transitioning to low-carbon agriculture: the non-linear role of digital inclusive finance in China’s agricultural carbon emissions," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 11(1), pages 1-14, December.

  5. Winston Wei Dou & Xiang Fang & Andrew W. Lo & Harald Uhlig, 2023. "Macro-Finance Models with Nonlinear Dynamics," Annual Review of Financial Economics, Annual Reviews, vol. 15(1), pages 407-432, November.

    Cited by:

    1. Song, Yuping & Zhang, Yilun & Huang, Jiefei & Yang, Aijun, 2025. "Volatility and value-at-risk forecasting using BERT and transformer models incorporating investors' textual sentiments," Finance Research Letters, Elsevier, vol. 85(PD).
    2. Alessandri, Piergiorgio & Jordà, Òscar & Venditti, Fabrizio, 2025. "Decomposing the monetary policy multiplier," Journal of Monetary Economics, Elsevier, vol. 152(C).
    3. Yu, Bin & Zhong, Xingyu & Ghimire, Binam & Sapkota, Niranjan, 2025. "When trade meets tradition: Unpacking cultural differences and their impact on China’s international trade," International Review of Financial Analysis, Elsevier, vol. 106(C).
    4. Gnahe, Franck Edouard, 2025. "The threshold impact of fiscal disaster relief expenditure on economic growth: Evidence from China," Research in Economics, Elsevier, vol. 79(4).
    5. Jun E. Li, 2025. "Credit Market Frictions and the Linkage Between Dispersion and Macro Uncertainty," Management Science, INFORMS, vol. 71(6), pages 5288-5307, June.
    6. Kamps, Christophe & Bussière, Matthieu & Niessner, Birgit & Tristani, Oreste & Christoffel, Kai & Kapadia, Sujit & Ferrero, Giuseppe & Gilbert, Niels & Vlassopoulos, Thomas & Motto, Roberto & Gerke, R, 2025. "Report on monetary policy tools, strategy and communication," Occasional Paper Series 372, European Central Bank.

  6. Winston Wei Dou & Yan Ji & Wei Wu, 2022. "The Oligopoly Lucas Tree," The Review of Financial Studies, Society for Financial Studies, vol. 35(8), pages 3867-3921.

    Cited by:

    1. He, Wei & Su, Zhiwei & Yu, Jianfeng, 2024. "Macroeconomic perceptions, financial constraints, and anomalies," Journal of Financial Economics, Elsevier, vol. 162(C).
    2. Jumpei Hamamura & Sho Hayakawa, 2024. "Optimal choice of relative performance indicator and product market competition," Economics and Business Letters, Oviedo University Press, vol. 13(3), pages 112-121.
    3. Ince, Barıs & Iskenderoglu, Cansu, 2025. "Automation cost flexibility and firm value," Journal of Corporate Finance, Elsevier, vol. 94(C).
    4. Khoa Dang Duong & Tran Ngoc Huynh & Linh Thi Diem Truong, 2025. "How do intangible assets and financial constraints affect stock returns in Vietnam before and during the COVID‐19 pandemic?," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 30(1), pages 315-329, January.

  7. Xu Cheng & Winston Wei Dou & Zhipeng Liao, 2022. "Macro‐Finance Decoupling: Robust Evaluations of Macro Asset Pricing Models," Econometrica, Econometric Society, vol. 90(2), pages 685-713, March.
    See citations under working paper version above.
  8. Winston Wei Dou & Yan Ji & David Reibstein & Wei Wu, 2021. "Inalienable Customer Capital, Corporate Liquidity, and Stock Returns," Journal of Finance, American Finance Association, vol. 76(1), pages 211-265, February.

    Cited by:

    1. Morlacco, Monica & Zeke, David, 2021. "Monetary policy, customer capital, and market power," Journal of Monetary Economics, Elsevier, vol. 121(C), pages 116-134.
    2. Uddin, Mohammad Riaz & Hasan, Mostafa Monzur & Abadi, Nour, 2022. "Do intangible assets provide corporate resilience? New evidence from infectious disease pandemics," Economic Modelling, Elsevier, vol. 110(C).
    3. Venturini, Alessio, 2022. "Climate change, risk factors and stock returns: A review of the literature," International Review of Financial Analysis, Elsevier, vol. 79(C).
    4. Fotis Grigoris & Gill Segal, 2024. "The Utilization Premium," Management Science, INFORMS, vol. 70(1), pages 207-224, January.
    5. Hua, Sudong, 2025. "Brand capital and rent sharing: Evidence from firm-level data," Economics Letters, Elsevier, vol. 255(C).
    6. Viet Anh Dang & Ning Gao & Tiancheng Yu, 2023. "Climate Policy Risk and Corporate Financial Decisions: Evidence from the NO x Budget Trading Program," Management Science, INFORMS, vol. 69(12), pages 7517-7539, December.
    7. Bensoussan, Alain & Chevalier-Roignant, Benoit & Nguyen, Nam & Rivera, Alejandro, 2024. "Financing green entrepreneurs under limited commitment," Journal of Economic Dynamics and Control, Elsevier, vol. 168(C).
    8. Ma, Jinrun & Wu, Yaoyao & Liang, Yongtang, 2023. "Robust investment and hedging policy with limited commitment," Economic Modelling, Elsevier, vol. 125(C).
    9. Pengfei Luo & Xinle Liu, 2025. "Dynamic investment in new technology and risk management," Review of Quantitative Finance and Accounting, Springer, vol. 65(2), pages 817-835, August.
    10. Yu Lu & Yaqi Zhao & Yuhan Li & Yuhe Cao, 2023. "Direct Tax Burden, Financing Constraints, and Innovation-Based Output," Sustainability, MDPI, vol. 15(21), pages 1-21, October.
    11. Hsu, Po-Hsuan & Li, Fengfei & Nozawa, Yoshio, 2025. "Options trading, managerial risk-taking, and brand development," Journal of Banking & Finance, Elsevier, vol. 170(C).
    12. Luo, Pengfei & Tan, Yingxian & Yang, Jinqiang & Yao, Yanming, 2023. "Underinvestment and optimal capital structure under environmental constraints," Journal of Economic Dynamics and Control, Elsevier, vol. 157(C).
    13. Khoa Dang Duong & Tran Ngoc Huynh & Linh Thi Diem Truong, 2025. "How do intangible assets and financial constraints affect stock returns in Vietnam before and during the COVID‐19 pandemic?," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 30(1), pages 315-329, January.
    14. Lin William Cong & Danxia Xie & Longtian Zhang, 2021. "Knowledge Accumulation, Privacy, and Growth in a Data Economy," Management Science, INFORMS, vol. 67(10), pages 6480-6492, October.
    15. Danni Wu & Zhenkun Zhou & Zhi Su, 2025. "Consumer negative opinions on stock returns: evidence from E-commerce reviews in China," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 11(1), pages 1-28, December.

  9. Dou, Winston Wei & Ji, Yan & Wu, Wei, 2021. "Competition, profitability, and discount rates," Journal of Financial Economics, Elsevier, vol. 140(2), pages 582-620.

    Cited by:

    1. Yue Xie & Tianhui Wang & Jinhua Zhang & Na Wang, 2023. "Does controlling shareholders’ share pledge exacerbate excessive financialization of enterprises?—Evidence from performance pressure perspective," PLOS ONE, Public Library of Science, vol. 18(7), pages 1-26, July.
    2. Jumpei Hamamura & Sho Hayakawa, 2024. "Optimal choice of relative performance indicator and product market competition," Economics and Business Letters, Oviedo University Press, vol. 13(3), pages 112-121.
    3. Christian Schlag & Michael Semenischev & Julian Thimme, 2021. "Predictability and the Cross-Section of Expected Returns: A Challenge for Asset Pricing Models," Management Science, INFORMS, vol. 67(12), pages 7932-7950, December.
    4. Zhang, Bobo & Zhang, Zhou, 2022. "Shining light on corporate political spending: Evidence from shareholder engagements," International Review of Law and Economics, Elsevier, vol. 70(C).
    5. Corhay, Alexandre & Kung, Howard & Schmid, Lukas, 2025. "Q: Risk, rents, or growth?," Journal of Financial Economics, Elsevier, vol. 165(C).
    6. Sudheer Chava & Wendi Du & Indrajit Mitra & Agam Shah & Linghang Zeng, 2025. "Firm-Level Input Price Changes and Their Effects: A Deep Learning Approach," FRB Atlanta Working Paper 2025-7, Federal Reserve Bank of Atlanta.
    7. Khoa Dang Duong & Tran Ngoc Huynh & Linh Thi Diem Truong, 2025. "How do intangible assets and financial constraints affect stock returns in Vietnam before and during the COVID‐19 pandemic?," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 30(1), pages 315-329, January.

  10. Winston Wei Dou & Yan Ji, 2021. "External Financing and Customer Capital: A Financial Theory of Markups," Management Science, INFORMS, vol. 67(9), pages 5569-5585, September.

    Cited by:

    1. Pengfei Luo & Xinle Liu, 2025. "Dynamic investment in new technology and risk management," Review of Quantitative Finance and Accounting, Springer, vol. 65(2), pages 817-835, August.
    2. Luo, Pengfei & Tan, Yingxian & Yang, Jinqiang & Yao, Yanming, 2023. "Underinvestment and optimal capital structure under environmental constraints," Journal of Economic Dynamics and Control, Elsevier, vol. 157(C).
    3. Khoa Dang Duong & Tran Ngoc Huynh & Linh Thi Diem Truong, 2025. "How do intangible assets and financial constraints affect stock returns in Vietnam before and during the COVID‐19 pandemic?," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 30(1), pages 315-329, January.
    4. Danni Wu & Zhenkun Zhou & Zhi Su, 2025. "Consumer negative opinions on stock returns: evidence from E-commerce reviews in China," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 11(1), pages 1-28, December.
    5. Zhao, Yiran & Wu, Wei & Shen, Zhongqi & Ji, Zheng, 2025. "Supply chain transparency and firm performance: the role of customer trust," Finance Research Letters, Elsevier, vol. 85(PA).

  11. Dou, Winston Wei & Taylor, Lucian A. & Wang, Wei & Wang, Wenyu, 2021. "Dissecting bankruptcy frictions," Journal of Financial Economics, Elsevier, vol. 142(3), pages 975-1000.

    Cited by:

    1. Demirguc-Kunt, Asli & Horvath, Balint L. & Huizinga, Harry, 2023. "Loan Recoveries and the Financing of Zombie Firms over the Business Cycle," Discussion Paper 2023-017, Tilburg University, Center for Economic Research.
    2. Lukyanov, Georgy, 2025. "Banks, Bonds, and Collateral: A Microfounded Comparison under Adverse Selection," TSE Working Papers 25-1676, Toulouse School of Economics (TSE).
    3. Luca Fare & Marcus Dejardin & Eric Toulemonde, 2023. "Bankruptcy recovery rate and small businesses' innovation," DeFiPP Working Papers 2302, University of Namur, Development Finance and Public Policies.
    4. Chen, Zhenhua & Liu, Zhenya & Teka, Hanen & Zhang, Yifan, 2022. "Smart money in China's A-share market: Evidence from big data," Research in International Business and Finance, Elsevier, vol. 61(C).
    5. Hui Chen & Winston Wei Dou & Leonid Kogan, 2024. "Measuring “Dark Matter” in Asset Pricing Models," Journal of Finance, American Finance Association, vol. 79(2), pages 843-902, April.
    6. Abhishek Bhardwaj & Abhinav Gupta & Sabrina T. Howell, 2025. "Leveraged Payouts: How Using New Debt to Pay Returns in Private Equity Affects Firms, Employees, Creditors, and Investors," Working Papers 25-12, Center for Economic Studies, U.S. Census Bureau.
    7. Iyer, S. Veena & Prasad, Rohit, 2025. "Exploring a Quasi-absolute priority rule for pay-outs to operational creditors in bankruptcy resolutions: Evidence from India," Global Finance Journal, Elsevier, vol. 64(C).
    8. Stef, Nicolae, 2022. "How does legal design affect the initiation of a firm's bankruptcy?," Economic Modelling, Elsevier, vol. 114(C).
    9. Claudio Detotto & Riccardo Marselli & Bryan C. McCannon & Marco Vannini, 2024. "Experts and arbitration outcomes: Insights from public procurement contract disputes," Kyklos, Wiley Blackwell, vol. 77(4), pages 922-943, November.
    10. Banerjee, Biswajit & Herrala, Risto, 2024. "Testing the impact of liquidation speed on leverage using Indian data," BOFIT Discussion Papers 6/2024, Bank of Finland Institute for Emerging Economies (BOFIT).
    11. Barry E. Adler & Vedran Capkun, 2023. "Secured credit and bankruptcy resolution," Journal of Empirical Legal Studies, John Wiley & Sons, vol. 20(4), pages 719-745, December.
    12. Rehman, Obaid Ur & Zhou, Zihan & Wu, Kai & Li, Wen, 2024. "From courtrooms to corporations: The effect of bankruptcy court establishment on firm acquisitions," Finance Research Letters, Elsevier, vol. 61(C).
    13. Annabi, Amira & Breton, Michèle & François, Pascal, 2021. "Could Chapter 11 redeem itself? Wealth and welfare effects of the redemption option," International Review of Law and Economics, Elsevier, vol. 67(C).
    14. Forssbæck, Jens & Jankensgård, Håkan & Moursli, Reda, 2025. "Stayin' alive: Debt complexity as a bankruptcy-delaying mechanism," Journal of Corporate Finance, Elsevier, vol. 93(C).
    15. Miftah Zikri & Syed Shams & Afzalur Rashid & Chandrasekhar Krishnamurti, 2024. "Does size matter? Examining the probability of firm emergence from bankruptcy," International Review of Finance, International Review of Finance Ltd., vol. 24(4), pages 669-713, December.
    16. Georgy Lukyanov, 2025. "Liquidation Efficiency and the Bank-Bond Margin," Papers 2509.03086, arXiv.org, revised Nov 2025.
    17. Martin Kornejew & Chen Lian & Yueran Ma & Pablo Ottonello & Diego J. Perez, 2024. "Bankruptcy Resolution and Credit Cycles," NBER Chapters, in: NBER Macroeconomics Annual 2024, volume 39, pages 1-39, National Bureau of Economic Research, Inc.
    18. Stef, Nicolae & Ben Jabeur, Sami & Scherer, Robert F., 2022. "Time to resolve insolvency and political elections," International Review of Law and Economics, Elsevier, vol. 72(C).
    19. Weston, James & Yimfor, Emmanuel, 2023. "Bank loans and bond prices," Journal of Corporate Finance, Elsevier, vol. 80(C).

  12. Winston W. Dou & Andrew W. Lo & Ameya Muley & Harald Uhlig, 2020. "Macroeconomic Models for Monetary Policy: A Critical Review from a Finance Perspective," Annual Review of Financial Economics, Annual Reviews, vol. 12(1), pages 95-140, December.

    Cited by:

    1. Boissay, Frédéric & Collard, Fabrice & Galí, Jordi & Manea, Cristina, 2022. "Monetary policy and endogenous financial crises," Discussion Papers 21/2022, Deutsche Bundesbank.
    2. Xing Chen & Yilei Wu & Yi Ding & Tongxin Zhang, 2025. "RETRACTED ARTICLE: Exploring the Nexus of Liquidity Regulation, Bank Risk-Taking, and Shadow Banking: A Comprehensive Analysis of Chinese Commercial Banks," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 16(1), pages 601-629, March.
    3. Deák, Szabolcs & Levine, Paul & Mirza, Afrasiab & Pearlman, Joseph, 2025. "All models are wrong but all can be useful: Robust policy design using prediction pools," Journal of Economic Dynamics and Control, Elsevier, vol. 176(C).
    4. Olkhov, Victor, 2022. "Economic Policy - the Forth Dimension of the Economic Theory," MPRA Paper 112685, University Library of Munich, Germany.
    5. Tobias Mueller & Steven Gronau, 2023. "Fostering Macroeconomic Research on Hydrogen-Powered Aviation: A Systematic Literature Review on General Equilibrium Models," Energies, MDPI, vol. 16(3), pages 1-33, February.
    6. Li, Zehao, 2022. "Financial intermediary leverage and monetary policy transmission," European Economic Review, Elsevier, vol. 144(C).
    7. Carlo Alcaraz & Stijn Claessens & Gabriel Cuadra & David Marques-Ibanez & Horacio Sapriza, 2025. "What is the Impact of a Major Unconventional Monetary Policy Intervention?," Working Paper 25-07, Federal Reserve Bank of Richmond.
    8. Dongxue Wang & Yugang He, 2025. "Navigating Structural Shocks: Bayesian Dynamic Stochastic General Equilibrium Approaches to Forecasting Macroeconomic Stability," Mathematics, MDPI, vol. 13(14), pages 1-25, July.
    9. Douglas Kiarelly Godoy de Araujo, 2025. "Open-sourced central bank macroeconomic models," IFC Bulletins chapters, in: Bank for International Settlements (ed.), Data science in central banking: enhancing the access to and sharing of data, volume 64, Bank for International Settlements.

  13. Lisha Chen & Winston Wei Dou & Zhihua Qiao, 2013. "Ensemble Subsampling for Imbalanced Multivariate Two-Sample Tests," Journal of the American Statistical Association, Taylor & Francis Journals, vol. 108(504), pages 1308-1323, December.

    Cited by:

    1. Dumas, Bernard & Gabuniya, Tymur & Marston, Richard C., 2022. "Firms’ exposures to geographic risks," Journal of International Money and Finance, Elsevier, vol. 122(C).
    2. Dumas, Bernard & Gabuniya, Tymur & Marston, Richard C, 2020. "Firms' Exposures to Geographic Risks," CEPR Discussion Papers 15503, Centre for Economic Policy Research.
    3. Dou, Winston Wei & Taylor, Lucian A. & Wang, Wei & Wang, Wenyu, 2021. "Dissecting bankruptcy frictions," Journal of Financial Economics, Elsevier, vol. 142(3), pages 975-1000.
    4. Schneider, Judith C. & Schweizer, Nikolaus, 2015. "Robust measurement of (heavy-tailed) risks: Theory and implementation," Journal of Economic Dynamics and Control, Elsevier, vol. 61(C), pages 183-203.
    5. Kaveh Ahmadian Tazehmahaleh & Hamideh Godazgar & Kevin AG Smet & Peter Hanselaer, 2022. "Multi-Channel LED Luminaires: An Object-Oriented Approach for Retail Lighting Based on the SOR Framework," Sustainability, MDPI, vol. 14(10), pages 1-17, May.
    6. Meng Jiang & Brooke A. Ammerman & Qingkai Zeng & Ross Jacobucci & Alex Brodersen, 2020. "Phrase-level pairwise topic modeling to uncover helpful peer responses to online suicidal crises," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 7(1), pages 1-13, December.

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Statistics

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Rankings

This author is among the top 5% authors according to these criteria:
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Co-authorship network on CollEc

NEP Fields

NEP is an announcement service for new working papers, with a weekly report in each of many fields. This author has had 10 papers announced in NEP. These are the fields, ordered by number of announcements, along with their dates. If the author is listed in the directory of specialists for this field, a link is also provided.
  1. NEP-COM: Industrial Competition (4) 2023-02-13 2025-03-03 2025-08-18 2026-05-25
  2. NEP-ECM: Econometrics (3) 2011-08-22 2019-12-23 2020-06-29
  3. NEP-FDG: Financial Development and Growth (3) 2023-02-13 2024-03-18 2026-05-25
  4. NEP-IND: Industrial Organization (3) 2023-02-13 2025-03-03 2025-08-18
  5. NEP-FMK: Financial Markets (2) 2022-08-15 2024-01-15
  6. NEP-MAC: Macroeconomics (2) 2019-12-23 2020-06-29
  7. NEP-AIN: Artificial Intelligence (1) 2025-08-18
  8. NEP-CMP: Computational Economics (1) 2025-08-18
  9. NEP-DGE: Dynamic General Equilibrium (1) 2024-03-18
  10. NEP-GRO: Economic Growth (1) 2024-03-18
  11. NEP-GTH: Game Theory (1) 2023-02-13
  12. NEP-IFN: International Finance (1) 2022-08-15
  13. NEP-LMA: Labor Markets - Supply, Demand, and Wages (1) 2024-01-15
  14. NEP-MST: Market Microstructure (1) 2025-08-18
  15. NEP-ORE: Operations Research (1) 2019-12-23
  16. NEP-REG: Regulation (1) 2025-08-18
  17. NEP-RMG: Risk Management (1) 2019-12-23

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