Selected Bibliography for Zhiguo He

Fuji Bank and Heller Professor of Finance

Home page of Zhiguo He

Zhiguo He profile at Scopus

Published Works

"Treasury Inconvenience Yields During the COVID-19 Crisis." Zhiguo He, Stefan Nagel and Zhaogang Song; Journal of Financial Economics, 2022, 143(1), pp. 57-79.

"Decentralized Mining in Centralized Pools." Lin William Cong, Zhiguo He and Jiasun Li; The Review of Financial Studies, 2021, 34(3), pp. 1191-235.

"Leverage Dynamics without Commitment." Peter M. Demarzo and Zhiguo He; The Journal of Finance, 2021, 76(3), pp. 1195-250.

"Dealing with a Liquidity Crisis: Economic and Financial Policies in China During the Coronavirus Outbreak," Zhiguo He and Bibo Liu, in Impact of COVID-19 on Asian Economies and Policy Responses. S. Agarwal, Z. He and B. Yeung, New Jersey: WORLD SCIENTIFIC, 2020, pp. 55-63.

"The Financing of Local Government in China: Stimulus Loan Wanes and Shadow Banking Waxes." Zhuo Chen, Zhiguo He and Chun Liu; Journal of Financial Economics, 2020, 137(1), pp. 42-71.

"A Model of Safe Asset Determination." Zhiguo He, Arvind Krishnamurthy and Konstantin Milbradt; American Economic Review, 2019, 109(4), pp. 1230-62.

"Blockchain Disruption and Smart Contracts." Lin William Cong and Zhiguo He; The Review of Financial Studies, 2019, 32(5), pp. 1754-97.

"A Macroeconomic Framework for Quantifying Systemic Risk." Zhiguo He and Arvind Krishnamurthy; American Economic Journal: Macroeconomics, 2019, 11(4), pp. 1-37.

"Quantifying Liquidity and Default Risks of Corporate Bonds over the Business Cycle." Hui Chen, Rui Cui, Zhiguo He and Konstantin Milbradt; The Review of Financial Studies, 2018, 31(3), pp. 852-97.

"Intermediary Asset Pricing and the Financial Crisis." Zhiguo He and Arvind Krishnamurthy; Annual Review of Financial Economics, 2018, 10(1), pp. 173-97.

"Optimal Long-Term Contracting with Learning." Zhiguo He, Bin Wei, Jianfeng Yu and Feng Gao; The Review of Financial Studies, 2017, 30(6), pp. 2006-65.

"Intermediary Asset Pricing: New Evidence from Many Asset Classes." Zhiguo He, Bryan Kelly and Asaf Manela; Journal of Financial Economics, 2017, 126(1), pp. 1-35.

"Inefficient Investment Waves." Zhiguo He and Péter Kondor; Econometrica, 2016, 84(2), pp. 735-80.

"What Makes US Government Bonds Safe Assets?" Zhiguo He, Arvind Krishnamurthy and Konstantin Milbradt; American Economic Review, 2016, 106(5), pp. 519-23.

"Information Acquisition in Rumor-Based Bank Runs." Zhiguo He and Asaf Manela; The Journal of Finance, 2016, 71(3), pp. 1113-58.

"Dynamic Debt Maturity." Zhiguo He and Konstantin Milbradt; The Review of Financial Studies, 2016, 29(10), pp. 2677-736.

"Debt and Creative Destruction: Why Could Subsidizing Corporate Debt Be Optimal?" Zhiguo He and Gregor Matvos; Management Science, 2015, 62(2), pp. 303-25.

"Endogenous Liquidity and Defaultable Bonds." Zhiguo He and Konstantin Milbradt; Econometrica, 2014, 82(4), pp. 1443-508.

"A Theory of Debt Maturity: The Long and Short of Debt Overhang." Douglas W. Diamond and Zhiguo He; Journal of Finance, 2014, 69(2), pp. 719-62.

"Uncertainty, Risk, and Incentives: Theory and Evidence." Zhiguo He, Si Li, Bin Wei and Jianfeng Yu; Management Science, 2013, 60(1), pp. 206-26.

"Intermediary Asset Pricing." Zhiguo He and Arvind Krishnamurthy; American Economic Review, 2013, 103(2), pp. 732-70.

"Delegated Asset Management, Investment Mandates, and Capital Immobility." Zhiguo He and Wei Xiong; Journal of Financial Economics, 2013, 107(2), pp. 239-58.

"Rollover Risk and Credit Risk." Zhiguo He and W. E. I. Xiong; Journal of Finance, 2012, 67(2), pp. 391-430.

"Dynamic Debt Runs." Zhiguo He and Wei Xiong; Review of Financial Studies, 2012, 25(6), pp. 1799-843.

"Dynamic Compensation Contracts with Private Savings." Zhiguo He; Review of Financial Studies, 2012, 25(5), pp. 1494-549.

"Dynamic Agency and the Q Theory of Investment." Peter M. Demarzo, Michael J. Fishman, Zhiguo He and Neng Wang; Journal of Finance, 2012, 67(6), pp. 2295-340.

"Debt Financing in Asset Markets." Zhiguo He and Wei Xiong; American Economic Review, 2012, 102(3), pp. 88-94.

"A Model of Dynamic Compensation and Capital Structure." Zhiguo He; Journal of Financial Economics, 2011, 100(2), pp. 351-66.

"Optimal Executive Compensation When Firm Size Follows Geometric Brownian Motion." Zhiguo He; Review of Financial Studies, 2009, 22(2), pp. 859-92.

"The Sale of Multiple Assets with Private Information." Zhiguo He; Review of Financial Studies, 2009, 22(11), pp. 4787-820.

Essays on Optimal Contracting; Zhiguo He; Ph.D. Dissertation, Northwestern University, 2008.