Jinfei Sheng

University of California, Irvine - Paul Merage School of Business

Assistant Professor of Finance

4293 Pereira Drive

Irvine, CA 92697

United States

http://sites.google.com/site/shengjinfei/

SCHOLARLY PAPERS

16

DOWNLOADS
Rank 6,261

SSRN RANKINGS

Top 6,261

in Total Papers Downloads

13,911

TOTAL CITATIONS
Rank 10,354

SSRN RANKINGS

Top 10,354

in Total Papers Citations

147

Scholarly Papers (16)

1.
Downloads 1,951 (17,569)
Citation 36

Macro News and Micro News: Complements or Substitutes?

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 53 Posted: 28 Dec 2016 Last Revised: 07 Oct 2021
David Hirshleifer and Jinfei Sheng
University of Southern California - Marshall School of Business - Finance and Business Economics Department and University of California, Irvine - Paul Merage School of Business
Downloads 1,897 (18,071)
Citation 6

Abstract:

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macro news, earnings announcements, market efficiency, investor attention, complementary relationship

Macro News and Micro News: Complements or Substitutes?

NBER Working Paper No. w28931
Number of pages: 64 Posted: 21 Jun 2021 Last Revised: 21 Jul 2023
David Hirshleifer and Jinfei Sheng
University of Southern California - Marshall School of Business - Finance and Business Economics Department and University of California, Irvine - Paul Merage School of Business
Downloads 54 (778,032)
Citation 30

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2.

Macroeconomic Attention and Announcement Risk Premia

Review of Financial Studies, Forthcoming
Number of pages: 52 Posted: 15 Dec 2015 Last Revised: 13 Jan 2022
University of British Columbia (UBC) - Sauder School of Business, University of Toronto - Rotman School of Management and UTSC Management and University of California, Irvine - Paul Merage School of Business
Downloads 1,726 (21,327)
Citation 48

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macroeconomic attention, announcement risk premia, endogenous attention, macroeconomic fundamentals

3.

How Do Investors Value Technology in Cryptocurrency? Evidence from Textual Analysis 

Number of pages: 62 Posted: 11 May 2020 Last Revised: 19 Nov 2024
Yukun Liu, Jinfei Sheng and Wanyi Wang
University of Rochester - Simon Business School, University of California, Irvine - Paul Merage School of Business and Babson College - Finance Division
Downloads 1,588 (24,153)
Citation 6

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Cryptocurrency, Returns, Reversal, Overreaction, Information, Textual, Technology

4.

Asset Pricing in the Information Age: Employee Expectations and Stock Returns

Review of Asset Pricing Studies, forthcoming.
Number of pages: 45 Posted: 31 Jan 2019 Last Revised: 20 Sep 2024
Jinfei Sheng
University of California, Irvine - Paul Merage School of Business
Downloads 1,564 (24,792)
Citation 15

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Employee expectation, information, stock returns, alternative data, labor finance

5.

Do Mutual Funds Walk the Talk? Evidence from Fund Risk Disclosure

Number of pages: 99 Posted: 22 Mar 2021 Last Revised: 28 Nov 2024
Jinfei Sheng, Nan Xu and Lu Zheng
University of California, Irvine - Paul Merage School of Business, Nankai University - School of Finance and University of California, Irvine - Paul Merage School of Business
Downloads 1,286 (33,124)

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Mutual funds, risk, disclosure, textual analysis, information, prospectus, performance, flow

6.

Cheaper Is Not Better: On the ‘Superior’ Performance of High-Fee Mutual Funds

Rotman School of Management Working Paper No. 2912511, Review of Asset Pricing Studies, Forthcoming
Number of pages: 46 Posted: 09 Feb 2017 Last Revised: 01 Dec 2022
Jinfei Sheng, Mikhail Simutin and Terry Zhang
University of California, Irvine - Paul Merage School of Business, University of Toronto - Rotman School of Management and Australian National University (ANU)
Downloads 1,077 (42,762)
Citation 3

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Mutual fund performance, fee-performance relation, factor models, valuation cost

7.

How does Online Employee Ratings Affect External Firm Financing? Evidence from Glassdoor

Number of pages: 81 Posted: 12 Jan 2020 Last Revised: 15 Sep 2020
Boston College - Carroll School of Management, University of Ottawa - Telfer School of Management and University of California, Irvine - Paul Merage School of Business
Downloads 1,042 (44,839)
Citation 11

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Seasoned Equity Offerings (SEOs); Soft Information; Online Employee Ratings; Information Environment; Big Data

8.

Do Investors Affect Financial Analysts’ Behavior? Evidence from Short Sellers

Financial Management, Forthcoming
Number of pages: 49 Posted: 14 Dec 2014 Last Revised: 27 Oct 2022
Yun Ke, Kin Lo, Jinfei Sheng and Jenny Li Zhang
University of Texas at El Paso - Department of Accounting & Information Systems, University of British Columbia (UBC) - Sauder School of Business, University of California, Irvine - Paul Merage School of Business and University of British Columbia - Sauder School of Business
Downloads 917 (53,491)
Citation 2

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Analyst forecast, short sellers, disciplining effect

9.

Partisan Return Gap: The Polarized Stock Market in the Time of a Pandemic

Management Science, Forthcoming
Number of pages: 59 Posted: 25 Mar 2021 Last Revised: 07 Sep 2023
Jinfei Sheng, Zheng Sun and Wanyi Wang
University of California, Irvine - Paul Merage School of Business, University of California, Irvine - Paul Merage School of Business and Babson College - Finance Division
Downloads 792 (65,282)
Citation 24

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Partisanship, Stock returns, Pandemic, COVID-19, Political polarization, Political finance, Social finance

10.

Generative AI and Asset Management

Number of pages: 57 Posted: 08 Apr 2024
University of California, Irvine - Paul Merage School of Business, University of California, Irvine - Paul Merage School of Business, Georgia State University - J. Mack Robinson College of Business and Florida International University (FIU)
Downloads 733 (72,934)

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ChatGPT, Hedge Funds, Reliance on AI information (RAI), Portfolio Return, Alpha, Outage, AI Disparity, Generative AI

11.

The Real Effects of Government Intervention: Firm-Level Evidence from TARP

2019 American Economic Association Conference
Number of pages: 54 Posted: 12 Dec 2015 Last Revised: 25 Jun 2021
Jinfei Sheng
University of California, Irvine - Paul Merage School of Business
Downloads 435 (138,396)
Citation 2

Abstract:

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government intervention, TARP, real effects, real activities

12.

Demographics and Interest Rates: New Theory and Evidence

2021 AFA Annual Meeting
Number of pages: 60 Posted: 05 Jan 2017 Last Revised: 28 Aug 2024
Jack Y Favilukis, Jinfei Sheng and Terry Zhang
University of British Columbia (UBC) - Division of Finance, University of California, Irvine - Paul Merage School of Business and Australian National University (ANU)
Downloads 331 (187,738)

Abstract:

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Demographics, Deposit Rates, Lending Rates, Bank Competition

13.

Capitalizing on Retail Investor Sentiment: Evidence from FinTech ETFs

Number of pages: 73 Posted: 07 Nov 2023 Last Revised: 27 Nov 2023
Bong Ko, Jinfei Sheng and Zheng Sun
University of California at Irvine, University of California, Irvine - Paul Merage School of Business and University of California, Irvine - Paul Merage School of Business
Downloads 195 (319,833)

Abstract:

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Retail investors, FinTech, ETFs, FinTech Washing, Sentiment, FOMO

14.

Disagreement of the Employee Crowd and Asset Prices

Number of pages: 47 Posted: 08 Nov 2023 Last Revised: 16 Feb 2024
Jinfei Sheng
University of California, Irvine - Paul Merage School of Business
Downloads 145 (411,442)

Abstract:

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Employee disagreement, wisdom of crowds, stock returns, big data, employee synergy, textual analysis.

15.

 Are Fund Disclosure Views Informative to the Stock Market?

Number of pages: 70 Posted: 30 Sep 2024 Last Revised: 21 Dec 2024
Yichun He, Jinfei Sheng and Qiguang Wang
University of California, Irvine - Paul Merage School of Business, University of California, Irvine - Paul Merage School of Business and Hong Kong Baptist University (HKBU)
Downloads 102 (537,729)

Abstract:

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Disclosure views, EDGAR log, Informational efficiency, Disclosure views, EDGAR log, Earnings announcement, Mutual funds

16.

Trading in Twilight: Sleep, Mental Alertness, and Stock Market Trading

Number of pages: 66 Posted: 05 Feb 2025 Last Revised: 06 Feb 2025
University of California, Irvine - Finance Area, University of Southern California - Marshall School of Business - Finance and Business Economics Department, University of California, Irvine - Paul Merage School of Business and University of California, Irvine - Paul Merage School of Business
Downloads 27

Abstract:

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Sleep, Mental alertness, Retail Investors, Trading performance, Attention, RDD