Siguang Li

RESEARCH

Working Papers & Pre-prints:

Courtnot Competition, Informational Feedback, and Real Efficiency, joint with Lin William Cong, Xiaohong Huang, Jian Ni, May 2024.

Conference: 2025 NYU Stern Microstructure Conference (New York), 2025 CICF (Shenzhen), 2025 FMA (Vancouver), Semi-finalist of Best Paper Award, 2024 HKU Accounting Theory Conference (HKU), 2024 AFBC (UNSW).
Amusing Ourselves to Death? Education and Careers under Digital Influence, with Lin William Cong.

Conference: 2026 American Finance Association (AFA) Annual Conference (Philadelphia), the 2nd Asian Finance Theory Group (FTG) Conference (SMU).
Endogenous Misinformation and Source Authentication, joint with Jaden Chen and Lin William Cong, January 2025, Draft available upon request.

Conference: 2025 Shaodong University Microeconomic Theory Conference (Jinan), 2025 FMA (Vancouver), 2025 Annual Meeting of the Academy of Behavioral Finance & Economics (San Jose), the 2nd Asian Finance Theory Group (FTG) Conference (SMU).

Peer-reviewed Publications:

A Primer on Oracle Economics, with Lin William Cong, Liam Fox and Luofeng Zhou, Journal of Corporate Finance, 2025, 102800.
Influencer Marketing and Product Competition, with Lin William Cong, Journal of Economic Theory, 2024, 105867.
Media coverage: U.S. Bureau of Labor Statistics [Link].
Media Trading Groups and Short Selling Manipulation, with Robert Jarrow, Quantitative Finance, 2023, 23(7-8): 1035-1052.
Interest Rate Swaps: A Comparison of Compounded Daily versus Discrete Reference Rates, with Robert Jarrow, Review of Derivatives Research, 2022.
Index Design: Hedging and Manipulation, with Robert Jarrow, Quarterly Journal of Finance, 2022, Vol. 12, No. 2.
Concavity, Stochastic Utility, and Risk Aversion, with Robert Jarrow, Finance and Stochastics, 2021, 25, 311-330.
Endogenous Liquidity Risk and Dealer Market Structure, with Robert Jarrow, Quarterly Review of Economics and Finance, 2021, Vol. 81, 449-453.
Random Authority, with Xi Weng, International Economic Review, 2017, 58(1), p. 211-235.
Interest Conflicts, Reputation Effects and Stock Price Efficiency, 利益冲突、声誉激励与股价发现有效性 (in Chinese)，with Jin Lin and Mingshan Zhou, Journal of Management Science in China 《管理科学学报》,2015, 18(12), p. 1-17.
Partial Centralization in Three-division Organizations, with Xi Weng, Nankai Business Review International, 2014, 5(2), p.187-210.
A Game Analysis on SME's Group Lending Reputation Model，中小企业联保贷款的模型分析 (in Chinese)，with Shiqing Xie, Economic Research Journal 《经济研究》, 2011, 1, p. 97-111.
An Economic Analysis of Trade Clearing in RMB between China and ASEAN，中国和东盟人民币贸易结算的经济学分析 (in Chinese)，with Shaorong Li, Economic Research Journal 《经济研究》, 2010, 2, p. 18-31.

Past Working Papers:

Free-riding the Government: the Effects of Implicit Government Guarantees on the Informativeness of Credit Ratings, with Hongyan Fang, R. Luo and Y. Wang, August 2020.
Strategic Information Control in Global Games, with Xi Weng, 2017.
Bidding for Authority, with Fei Li and Xi Weng, 2014.