Wesley Deng
I am a financial economist at UNSW Sydney. My research focuses on two areas: the real effects of financial market frictions on the real economy, and the interactions between human capital and innovation. I also explore other questions facing firms and financial markets using big data and AI analytics.
My research interests
Corporate finance; the real effects of financial market frictions; the economics of innovation; labor and finance; empirical asset pricing; AI and finance.

News
New Paper AlertI have a new paper, Adverse Home Country Shocks, Invention Migration, and Geography of Innovation. I study how adverse shocks push inventors to leave their home countries and how this talent reshapes innovation at the firms that recruit them.
New Paper AlertI have a new paper, The Bright Side of Dark Returns: Isolated Stock Price Crashes and Corporate Violations. We examine whether isolated stock price crashes are followed by improvements in corporate conduct.
New Paper AlertI have a new paper, Employee Dissatisfaction and Short Selling. We study how employee dissatisfaction relates to subsequent short selling.
I have a new version of Seeing Is Believing: Annual Report Visuals and Stock Returns. SSRN ↗
I presented When “Milliseconds” Matter: The Real Effects of High-Frequency Trading at the Monash Winter Finance Conference.
I presented Seeing Is Believing: Annual Report Visuals and Stock Returns at Macquarie University.
I presented Beyond the Glass Ceiling: Do Bamboo Ceilings Exist? at the Boca Finance and Real Estate Conference.
I presented Seeing Is Believing: Annual Report Visuals and Stock Returns at the AI in Finance Conference in Montreal.
I presented When “Milliseconds” Matter: The Real Effects of High-Frequency Trading in the FMA Annual Meeting’s New Ideas in Corporate Finance session in Vancouver.
I presented When “Milliseconds” Matter: The Real Effects of High-Frequency Trading at George Mason University.
