Global Minds, Local Gains: A Tale of US-China AI Talent Migration

Hanming Fang¹, Xian Gu², Hanyin Yan³, Wu Zhu³

1: Department of Economics, University of Pennsylvania; 2: Department of Finance, Durham University; 3: School of Economics and Management, Tsinghua University

Distant Investments: Decoding Mutual Fund Skills with Large Language Models

Xiyuan Ma¹, Matthew Spiegel², Hong Zhang¹, Yijun Zhou³

1: Singapore Management University; 2: Yale University; 3: City University of New York

Data, Markups, and Asset Prices

Alexandre Corhay¹, Jun Li², Jincheng Tong¹, Ben Tsou³, Kejia Hu⁴

1: University of Toronto, Canada; 2: University of Warwick; 3: University of Manchester; 4: University of Oxford

Anatomy of the Treasury Market: Who Moves Yields?

Manav Chaudhary¹, Zhiyu Fu², Haonan Zhou³

1: University of Chicago, Booth School of Business; 2: Washington University in St. Louis, Olin School of Business; 3: University of Hong Kong, Hong Kong S.A.R. (China)

What Quantity of Reserves Is Sufficient?

Yilin {David} Yang

City University of Hong Kong, Hong Kong S.A.R. (China)

A Nascent International Financial Channel of China’s Monetary Policy Transmission

Chang Ma¹, Alessandro Rebucci², Sili Zhou³

1: Fudan University; 2: Johns Hopkins University; 3: University of Macau, Macau S.A.R. (China)

Illiquidity Meets Intelligence: AI-Driven Price Discovery in Corporate Bonds

Stacey Jacobsen, Kumar Venkataraman, David Xu

Southern Methodist University, United States of America

The Risk and Return of Stocks and Bonds

Alex Dickerson¹, Mathieu Fournier¹, Jan Ericsson², Piotr Orlowski³

1: UNSW business school, Australia; 2: Mc Gill University; 3: HEC Montreal

What Drives Global Corporate Bond Returns?

Jiarui Deng¹, Kewei Hou², Zhan Shi¹

1: PBC School of Finance, Tsinghua University, Beijing, 100083, China; 2: Fisher College of Business, Ohio State University, Columbus, OH 43210

Is Love Blind? AI-Powered Trading with Emotional Dividends

De-Rong Kong¹, Valeria Fedyk², Daniel Rabetti^3,4

1: Yuan Ze University; 2: Arizona State University; 3: National University of Singapore; 4: Harvard Business School (visiting)

Crypto Risk in the Financial System

Hengguo Da¹, Kose John², Ndackyssa Oyima-Antseleve³

1: SWUFE, China, People's Republic of; 2: NYU, USA; 3: CAL Poly, USA

CODE-WASHING: EVIDENCE FROM OPEN-SOURCE BLOCKCHAIN STARTUPS

Ofir Gefen¹, Daniel Rabetti¹, Yannan Sun², Che Zhang³

1: National University of Singapore; 2: The University of Hong Kong; 3: Tsinghua University

Inside Out: Who Trade Before the Start of Cyber Attacks?

Xi Dong¹, Edward Xuejun Li¹, Xintian Lin², Xin Yuan³

1: Baruch College, City University of New York; 2: Central University of Finance and Economics; 3: Dongbei University of Finance and Economics

Market Feedback: Evidence from the Horse’s Mouth

Itay Goldstein¹, Bibo Liu², Liyan Yang³

1: University of Pennsylvania; 2: Tsinghua University; 3: University of Toronto

China Walls

Daniel Nathan¹, Chaojun Wang², Tomy Lee³

1: PolyU, Hong Kong S.A.R. (China); 2: The Wharton School; 3: CEU