Academic Publications

SELECTED PUBLICATIONS

Academic Publications

Cognitive Processes of Signal Set from Entrepreneurs and the Importance of Herds in Equity Crowdfunding

with Thang Nguyen & Panagiotis Andrikopoulos - 2026

ENTREPRENEURSHIP THEORY AND PRACTICE (ABS-4*/ FT-50)

Paper in one sentence: Investors will rely on heuristic cognitive processes when signals from entrepreneurs are congruent or imbalanced incongruent, however, when signals are balanced incongruent, investors will engage in systematic cognitive processes that incorporate additional information from the herding behaviour of other investors.

Academic Publications

Perceived Climate Risk and Stock Prices: An Empirical Analysis of Pricing Effects

with Zied Ftiti, Wael Louhichi, & Hachmi Ben Ameur - 2025

RISK ANALYSIS (ABS-4)

Paper in one sentence: Perceived climate risk is priced into S&P 500 Index stock returns and is robust when different asset-pricing models are used. 

Academic Publications

The Dynamics of Investor Sentiment Impacts in Crowdfunding: Unveiling the When

with Thang Nguyen, Jiaqi Guo, Thanh Nguyen, & Bao To - 2024

BRITISH JOURNAL OF MANAGEMENT (ABS-4)

Paper in one sentence: Grounded in psychological theory, we assert that sentiment's influence thrives at the peak of investor attention, primarily on a campaign's first day and among projects with greater uncertainty

ADDITIONAL PUBLICATIONS

Academic Publications

Computational Reproducibility and Robustness of Some Economics and Political Science Research

with Abel Brodeur et al. - 2026

NATURE

Paper in one sentence: By reproducing original analyses and conducting robustness checks of 110 articles recently published in leading economics and political science journals, we found that over 85% of published claims were computationally reproducible.

Academic Publications

Physical Risks, Firm Default, and Supply Chain Network Propagation

with Abhinav Jindal & Gireesh Shrimali - 2026

OXFORD SUSTAINABLE FINANCE GROUP (OxSFG) WORKING PAPER

Paper in one sentence: We show that physical climate risks can threaten macroeconomic stability, particularly under high-risk scenarios, as physical climate risks increase firm default risk that propagates through supply chain networks, amplifying localized disruptions into economy-wide losses.

Academic Publications

Job Creation, Economic Growth, and Policy Reforms: An Empirical Reassessment

with Marcello Estevão & Jorge Thompson Araujo - 2025

INSTITUTE OF INTERNATIONAL FINANCE (IIF) WORKING PAPER

Paper in one sentence: Taking a broad view of the determinants of changes in unemployment rate and job creation given changes in aggregate production for a panel of 185 countries from 1990 to 2022, we find that the sensitivity of unemployment to cyclical output variations rises with country income levels.

Academic Publications

Herding Dynamics and Multidimensional Uncertainty in Equity Crowdfunding: The Impact of Information Sources

with Thang Nguyen & Panagiotis Andrikopoulos - 2024

INFORMATION AND MANAGEMENT (ABS-3)

Paper in one sentence: Herding does not occur in the first stage of funding campaigns but arises in the later stages, and information from investors’ discussions may be noisier than information disclosure from project founders, thus is more likely to bring uncertainty and accentuate herding. 

Academic Publications

Unleashing Innovation under Sanctions: The Catalyst of National Culture

with Anh Phan & Loan Nguyen - 2024

INTERNATIONAL JOURNAL OF FINANCE AND ECONOMICS (ABS-3)

Paper in one sentence: Under detrimental impacts of sanctions on innovation, countries characterized by high power distance and high uncertainty avoidance cultures tend to experience a higher level of innovation performance. 

WORKING PAPERS

  • You Pay for What You Say: An Investigation on Exaggerated Information in Equity Crowdfunding Campaigns
    (with Thang Nguyen & Panagiotis Andrikopoulos)
    Best Paper Award at International Conference on Alternative Finance Research, Krems an der Donau, Austria.
    R&R – ABS-3
  • AI Disclosure and Analyst’s Information Environment
    (with Tuan Ho, Thang Nguyen, & Dung Tran)
  • Talking Green, Signaling with Debt: ESG Washing and the Strategic Use of Debt Concentration
    (with Zied Ftiti, Wael Louhichi, Hachmi Ben Ameur, & Dung Tran)
  • Paths of Risk: Carbon Transmission Through Supply Chains and the Cost of Equity Capital
    (with Abhinav Jindal & Gireesh Shrimali)

WORKS IN PROGRESS

  • Greenwashing in Equity Crowdfunding
  • Climate Regulations and Corporate Investment
  • Corporate Culture and Proactive Climate Transition Risk
  • AI Washing and Firm Risk Taking
  • Firm Inflationary Exposure and Corporate Investment

JOURNAL REFEREE

  • The European Journal of Finance
  • Energy Economics
  • International Journal of Finance and Economics
  • International Journal of Accounting Information Systems
  • Information and Management
  • International Finance
  • Business Ethics, the Environment, and Responsibility
  • Journal of Behavioral and Experimental Finance