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Ing-Haw Cheng
Associate Professor (untenured)

Tuck School of Business
Dartmouth College
100 Tuck Hall
Hanover, NH 03755


Research Interests: Beliefs, Incentives, Risk-Taking, Derivatives

Curriculum Vitae | SSRN author page | Google scholar page


Working Papers:

  1. Reporting Sexual Misconduct in the #MeToo Era (June 2020) [video presentation]
    (with Alice Hsiaw)
    • R&R, American Economic Journal: Microeconomics.
    • Coordination problems lead to under-reporting of sexual misconduct.

  2. Distrust in Experts and the Origins of Disagreement (September 2019)
    (with Alice Hsiaw)
    • R&R, Journal of Economic Theory.
    • Why do individuals interpret the same information differently?

  3. Do Managers Do Good With Other People's Money? (September 2019)
    (with Harrison Hong and Kelly Shue)
    • Is corporate social responsibility symptomatic of agency problems?


  1. Volatility Markets Underreacted to the Early Stages of the COVID-19 Pandemic
    • Review of Asset Pricing Studies, Forthcoming.
    • Coverage: [Risk.Net]

  2. How Do Consumers Fare When Dealing with Debt Collectors?
    Evidence from Out-of-Court Settlements

    (with Felipe Severino and Richard Townsend)
    • Review of Financial Studies, Forthcoming.
    • Settlements appear to increase financial distress by draining liquidity.

  3. The VIX Premium
    • Review of Financial Studies, 2019, 32(1), 180-227.
    • Appendix: [online] [data - see above]
    • Why do volatility risk premiums fluctuate?
    • Coverage: [FT Alphaville (Gated, Ungated)] [MarketWatch (Published, Unedited)]

  4. Convective Risk Flows in Commodity Futures Markets
    (with Wei Xiong and Andrei Kirilenko)
    • Review of Finance, 2015, 19(5), 1733-1781, Lead article.
    • Appendix [online]
    • Who bears risk in commodity futures markets?

  5. Yesterday's Heroes: Compensation and Risk at Financial Firms
    (with Harrison Hong and Jose Scheinkman)
    • Journal of Finance, 2015, 70(2), 839-879.
    • Appendix: [online]
    • Is the cross-section of pay levels among finance firms consistent with principal-agent theory?
    • 2011 Standard Life Investments ECGI Best Finance Working Paper Prize
    • Coverage: [WSJ]

  6. Wall Street and the Housing Bubble
    (with Sahil Raina and Wei Xiong)
  7. Why Do Hedgers Trade So Much?
    (with Wei Xiong)
    • Journal of Legal Studies, 2014, 43(S2), S183-S207.
    • Labeling traders as either hedgers or speculators may be misleading.

  8. The Hazards of Debt: Rollover Freezes, Incentives, and Bailouts
    (with Konstantin Milbradt)
    • Review of Financial Studies 2012, 25(4), 1070-1110.
    • How should debt be structured to balance debt runs and risk-shifting?

  9. The Effect of the Run-Up in the Stock Market on Labor Supply
    with Eric French)
    • Economic Perspectives (Federal Reserve Bank of Chicago) 2000, Q4 48-65.

Reviews / Chapters:

  1. The Financialization of Commodity Markets
    (with Wei Xiong)
    • Annual Review of Financial Economics, 2014, 6, 419-441.
    • Commodities are now a popular asset class. How does this affect futures prices?
    • Coverage: [FT Alphaville]

Inactive papers:

  1. Corporate Governance Spillovers (April 2011)
    • Accounting fraud is linked to poor corporate governance at competitors.