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Asper Associate Professor published in two prominent international finance journals

February 27, 2020 — 

Dr. Lei Lu, Bryce Douglas Chair in Finance and Associate Professor in Finance at the Asper School of Business has recently published two of his research papers in revered international finance journals.

The first, Two Trees with Heterogeneous Beliefs: Spillover Effect of Disagreement was published in the Journal of Financial and Quantitative Analysis, an internationally recognized journal that features theoretical and empirical research in financial economics and serves an international community of sophisticated finance scholars.

An Associate Professor at the Asper School of Business since 2016, Dr. Lu has dedicated more than 15 years to research on heterogeneous beliefs. His paper, Two Trees with Heterogeneous Beliefs co-authored by Bing Han and Yi Zhou, discusses the difference in opinions among investors about how the fundamentals of a large firm or industry leader has a spillover effect on the pricing of other stocks owned by these investors.

Dr. Lu will also be publishing his paper entitled: Enforceability and Effectiveness of Laws and Regulations in the Journal of Corporate Finance, a global finance journal designed to advance our knowledge of corporate finance through theoretical and empirical work.

In Enforceability and Effectiveness of Laws and Regulations, Lu, along with co-authors Ke Li, Jun “QJ” Qian, and Julie Lei Zhu highlight the importance of enforceability—laws and regulations that can be enforced at lower costs are more likely to succeed, especially in countries with underdeveloped formal institutions.

Dr. Lu noted that he initiated his reached on the importance of enforceability in 2009 and this was his first research paper about the Chinese financial market. “This paper took more than 10 years to be published, I feel very excited.”

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