Lin William Cong

Cornell University - Samuel Curtis Johnson Graduate School of Management

Associate Professor of Finance

Ithaca, NY 14853

United States

http://www.linwilliamcong.com/

SCHOLARLY PAPERS

29

DOWNLOADS
Rank 780

SSRN RANKINGS

Top 780

in Total Papers Downloads

40,230

SSRN CITATIONS
Rank 2,146

SSRN RANKINGS

Top 2,146

in Total Papers Citations

389

CROSSREF CITATIONS

217

Scholarly Papers (29)

1.
Downloads 7,156 ( 1,159)
Citation 98

Blockchain Disruption and Smart Contracts

Number of pages: 48 Posted: 14 Jun 2017 Last Revised: 10 Apr 2020
Lin William Cong and Zhiguo He
Cornell University - Samuel Curtis Johnson Graduate School of Management and University of Chicago - Finance
Downloads 7,026 (1,192)
Citation 58

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Anti-trust, Cryptocurrency, Competition, Decentralization, Distributed Ledger, FinTech, Incomplete Contracts, Collusion, Information, Repeated Games.

Blockchain Disruption and Smart Contracts

Number of pages: 52 Posted: 12 Mar 2018 Last Revised: 02 Sep 2021
Lin William Cong and Zhiguo He
Cornell University - Samuel Curtis Johnson Graduate School of Management and University of Chicago - Finance
Downloads 130 (278,586)
Citation 36

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2.
Downloads 3,577 ( 3,839)
Citation 33

Tokenomics: Dynamic Adoption and Valuation

Becker Friedman Institute for Research in Economics Working Paper No. 2018-49, Fisher College of Business Working Paper No. 2018-03-015, Charles A. Dice Center Working Paper No. 2018-15, Columbia Business School Research Paper No. 18-62
Number of pages: 76 Posted: 30 Jul 2018 Last Revised: 14 Dec 2020
Lin William Cong, Ye Li and Neng Wang
Cornell University - Samuel Curtis Johnson Graduate School of Management, Ohio State University (OSU) and Columbia Business School - Finance and Economics
Downloads 3,567 (3,785)
Citation 28

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Blockchain, Carry Cost, Convenience Yield, Cryptocurrency, FinTech, Intertemporal Feedback, Means of Payment, Network Externality, Platform, Token

Tokenomics: Dynamic Adoption and Valuation

Number of pages: 67 Posted: 26 May 2020 Last Revised: 19 Nov 2021
Lin William Cong, Ye Li and Neng Wang
Cornell University - Samuel Curtis Johnson Graduate School of Management, Ohio State University (OSU) and Columbia Business School - Finance and Economics
Downloads 10 (754,100)
Citation 3

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3.

Rise of Factor Investing: Asset Prices, Informational Efficiency, and Security Design

29th Australasian Finance and Banking Conference 2016
Number of pages: 57 Posted: 29 Jun 2016 Last Revised: 17 Apr 2019
Lin William Cong and Douglas Xu
Cornell University - Samuel Curtis Johnson Graduate School of Management and University of Chicago
Downloads 3,528 (3,931)
Citation 21

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Composite Securities, ETFs, Smart Beta, Index-Linked investment, Financial Innovation, Security Design, Informational Efficiency

Credit Allocation under Economic Stimulus: Evidence from China

Chicago Booth Research Paper No. 17-19
Number of pages: 58 Posted: 01 Nov 2016 Last Revised: 10 Sep 2021
Lin William Cong, Haoyu Gao, Jacopo Ponticelli and Xiaoguang Yang
Cornell University - Samuel Curtis Johnson Graduate School of Management, Renmin University of China, Northwestern University - Kellogg School of Management and Chinese Academy of Sciences (CAS) - Academy of Mathematics and Systems Science
Downloads 2,640 (6,273)
Citation 6

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Misallocation, Reallocation, Banking, Growth, Firm Investment, Employment

Credit Allocation Under Economic Stimulus: Evidence from China

Global Poverty Research Lab Working Paper No. 17-108
Number of pages: 58 Posted: 19 Feb 2018 Last Revised: 07 Feb 2020
Lin William Cong, Haoyu Gao, Jacopo Ponticelli and Xiaoguang Yang
Cornell University - Samuel Curtis Johnson Graduate School of Management, Renmin University of China, Northwestern University - Kellogg School of Management and Chinese Academy of Sciences (CAS) - Academy of Mathematics and Systems Science
Downloads 346 (110,670)
Citation 36

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credit, credit allocation, credit expansion, firms, China, capital, growth, recessions

5.

AlphaPortfolio: Direct Construction Through Deep Reinforcement Learning and Interpretable AI

Number of pages: 70 Posted: 20 Apr 2020 Last Revised: 18 Nov 2021
Lin William Cong, Ke Tang, Jingyuan Wang and Yang Zhang
Cornell University - Samuel Curtis Johnson Graduate School of Management, Institute of Economics, School of Social Sciences, Tsinghua University, Beihang University (BUAA) and Beihang University (BUAA)
Downloads 2,626 (6,459)
Citation 2

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Artificial Intelligence, Distillation, LSTM, Machine Learning, Portfolio Theory, Reinforcement Learning.

6.
Downloads 2,290 ( 8,060)
Citation 6

Auctions of Real Options

Number of pages: 51 Posted: 26 Aug 2012 Last Revised: 16 Jun 2019
Lin William Cong
Cornell University - Samuel Curtis Johnson Graduate School of Management
Downloads 1,338 (18,522)
Citation 2

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Auctions; Acquisitions; Oil and Gas; Real Options; Security Design; Timing Games.

Timing of Auctions of Real Options

Number of pages: 44 Posted: 09 Sep 2012 Last Revised: 08 Feb 2019
Lin William Cong
Cornell University - Samuel Curtis Johnson Graduate School of Management
Downloads 952 (30,558)
Citation 5

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Auctions; Dynamic Game; Initiation; Optimal Stopping; Real Options; Mechanism Design; M\&A

7.

Crypto Wash Trading

Number of pages: 62 Posted: 02 Mar 2020 Last Revised: 16 Aug 2021
Lin William Cong, Xi Li, Ke Tang and Yang Yang
Cornell University - Samuel Curtis Johnson Graduate School of Management, University of Newcastle - Newcastle University Business School, Institute of Economics, School of Social Sciences, Tsinghua University and Institute of Economics, School of Social Sciences, Tsinghua University
Downloads 2,044 (9,747)
Citation 10

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Bitcoin; Cryptocurrency; FinTech; Forensic Finance; Fraud Detection; Regulation

8.

A Brief Introduction to Blockchain Economics

Number of pages: 41 Posted: 12 Sep 2019 Last Revised: 12 Oct 2020
Long Chen, Long Chen, Lin William Cong and Yizhou Xiao
Cheung Kong Graduate School of BusinessLuohan Academy, Cornell University - Samuel Curtis Johnson Graduate School of Management and The Chinese University of Hong Kong (CUHK) - CUHK Business School
Downloads 1,511 (15,713)
Citation 15

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Bitcoin, Blockchain, Distributed Ledger, FinTech

9.

Financial Reporting and Blockchains: Audit Pricing, Misstatements, and Regulation

Number of pages: 57 Posted: 25 Sep 2018 Last Revised: 26 Jun 2019
Sean Cao, Lin William Cong and Baozhong Yang
Georgia State University - J. Mack Robinson College of Business, Cornell University - Samuel Curtis Johnson Graduate School of Management and Georgia State University - Robinson College of Businessaffiliation not provided to SSRN
Downloads 1,468 (16,446)
Citation 25

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Auditor Risk and Sampling, Collaborative Auditing, Distributed Ledger Technology, FinTech, PCAOB PCAOB, RegTech, Technology Adoption, Zero-Knowledge Proof.

10.

Textual Factors: A Scalable, Interpretable, and Data-driven Approach to Analyzing Unstructured Information

Number of pages: 65 Posted: 04 Jan 2019 Last Revised: 04 Nov 2019
Lin William Cong, Tengyuan Liang and Xiao Zhang
Cornell University - Samuel Curtis Johnson Graduate School of Management, University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 1,302 (19,690)
Citation 10

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Big Data, Factor Models, Machine Learning, Text Analytics, Natural Language Processing,Topic Models, Alternative Data

11.
Downloads 1,225 ( 21,503)
Citation 43

Decentralized Mining in Centralized Pools

George Mason University School of Business Research Paper No. 18-9
Number of pages: 54 Posted: 22 Mar 2018 Last Revised: 10 Dec 2019
Lin William Cong, Zhiguo He and Jiasun Li
Cornell University - Samuel Curtis Johnson Graduate School of Management, University of Chicago - Finance and George Mason University - Department of Finance
Downloads 1,182 (22,303)
Citation 17

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Arms Race, Bitcoin, Blockchain, Energy Consumption, Industrial Organization, Mining Pools, PoW, Risk-Sharing

Decentralized Mining in Centralized Pools

Number of pages: 55 Posted: 26 Feb 2019 Last Revised: 06 Jun 2021
Lin William Cong, Zhiguo He and Jiasun Li
Cornell University - Samuel Curtis Johnson Graduate School of Management, University of Chicago - Finance and George Mason University - Department of Finance
Downloads 43 (526,447)
Citation 25

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Information Cascades and Threshold Implementation: Theory and An Application to Crowdfunding

University of Chicago, Becker Friedman Institute for Economics Working Paper Forthcoming
Number of pages: 96 Posted: 22 Feb 2018 Last Revised: 28 May 2021
Lin William Cong and Yizhou Xiao
Cornell University - Samuel Curtis Johnson Graduate School of Management and The Chinese University of Hong Kong (CUHK) - CUHK Business School
Downloads 1,005 (28,289)
Citation 1

Abstract:

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All-or-nothing, Capital Markets, Crowd-funding, Dynamic Learning, Entrepreneurship, FinTech Platform, Information Aggregation, Information Cascade.

Information Cascades and Threshold Implementation: An Application to Crowdfunding

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2019-30
Number of pages: 96 Posted: 04 Mar 2019 Last Revised: 29 Apr 2021
Lin William Cong and Yizhou Xiao
Cornell University - Samuel Curtis Johnson Graduate School of Management and The Chinese University of Hong Kong (CUHK) - CUHK Business School
Downloads 160 (235,578)
Citation 15

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All-or-nothing, Capital Markets, Crowd-funding, Dynamic Learning, Entrepreneurship, FinTech Platform, Information Aggregation, Information Cascade

Policy Uncertainty and Innovation: Evidence from IPO Interventions in China

Chicago Booth Research Paper No. 146
Number of pages: 57 Posted: 06 Feb 2017 Last Revised: 03 May 2021
Lin William Cong and Sabrina T Howell
Cornell University - Samuel Curtis Johnson Graduate School of Management and New York University (NYU) - Leonard N. Stern School of Business
Downloads 1,030 (27,340)
Citation 1

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Listing Suspensions, Innovation, Patent, IPO, China, Entrepreneurship

Policy Uncertainty and Innovation: Evidence from IPO Interventions in China

Number of pages: 72 Posted: 30 May 2018 Last Revised: 15 Nov 2021
Lin William Cong and Sabrina T Howell
Cornell University - Samuel Curtis Johnson Graduate School of Management and New York University (NYU) - Leonard N. Stern School of Business
Downloads 89 (362,511)

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14.

Dynamic Interventions and Informational Linkages

Chicago Booth Research Paper No. 17-09
Number of pages: 95 Posted: 07 Mar 2016 Last Revised: 28 May 2019
Lin William Cong, Steven R. Grenadier and Yunzhi Hu
Cornell University - Samuel Curtis Johnson Graduate School of Management, Stanford Graduate School of Business and University of North Carolina (UNC) at Chapel Hill - Finance Area
Downloads 1,082 (25,839)
Citation 7

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Coordination Failures, Government Intervention, Information Design, Financial Crisis, Global Games

15.
Downloads 949 ( 31,166)
Citation 2

Persuasion in Relationship Finance

Number of pages: 49 Posted: 15 Aug 2017 Last Revised: 01 Nov 2019
Ehsan Azarmsa and Lin William Cong
University of Chicago, Booth School of Business and Cornell University - Samuel Curtis Johnson Graduate School of Management
Downloads 691 (47,496)

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Bayesian Persuasion, Experimentation, Hold-up, Information Design, Relationship Lending, Security Design, Venture Capital

Persuasion in Relationship Finance

Becker Friedman Institute for Research in Economics Working Paper No. 2017-16
Number of pages: 49 Posted: 11 Oct 2017 Last Revised: 01 Nov 2019
Ehsan Azarmsa and Lin William Cong
University of Chicago, Booth School of Business and Cornell University - Samuel Curtis Johnson Graduate School of Management
Downloads 258 (151,356)
Citation 2

Abstract:

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Bayesian Persuasion, Experimentation, Hold-up, Information Design, Relationship Lending, Security Design, Venture Capital

16.
Downloads 839 ( 36,963)
Citation 8

Token-based Platform Finance

Fisher College of Business Working Paper No. 2019-03-028, Charles A. Dice Center Working Paper No. 2019-28, Columbia Business School Research Paper Forthcoming
Number of pages: 64 Posted: 29 Oct 2019 Last Revised: 03 May 2021
Lin William Cong, Ye Li and Neng Wang
Cornell University - Samuel Curtis Johnson Graduate School of Management, Ohio State University (OSU) and Columbia Business School - Finance and Economics
Downloads 833 (36,808)
Citation 6

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Blockchain, Cryptocurrency, Dynamic Corporate Financing, Durable Goods, Gig Economy, Optimal Token Supply, Time Inconsistency, Token/Coin Offering

Token-Based Platform Finance

Number of pages: 64 Posted: 14 Sep 2020 Last Revised: 19 Nov 2021
Lin William Cong, Ye Li and Neng Wang
Cornell University - Samuel Curtis Johnson Graduate School of Management, Ohio State University (OSU) and Columbia Business School - Finance and Economics
Downloads 6 (788,558)
Citation 3
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17.

Persistent Blessings of Luck: Theory and an Application to Venture Capital

Number of pages: 54 Posted: 22 Feb 2017 Last Revised: 12 Oct 2020
Lin William Cong and Yizhou Xiao
Cornell University - Samuel Curtis Johnson Graduate School of Management and The Chinese University of Hong Kong (CUHK) - CUHK Business School
Downloads 818 (38,298)
Citation 2

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Contracting, Deal Flows, Delegated Investment, Entrepreneurial Finance, Managerial Skill, Moral Hazard, Private Equity, Venture Capital

18.

RIM-based Value Premium and Factor Pricing Using Value-Price Divergence

Number of pages: 70 Posted: 01 Mar 2017 Last Revised: 15 Nov 2021
Lin William Cong, Nathan George and Guojun Wang
Cornell University - Samuel Curtis Johnson Graduate School of Management, University of California, Berkeley - Fisher Center for Real Estate and Urban Economics and Tongji University
Downloads 701 (47,179)

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Asset Pricing, Factor Models, Mispricing, RIM, Value Premium

19.

Alternative Data for FinTech and Business Intelligence

Number of pages: 32 Posted: 11 Feb 2020
Lin William Cong, Beibei Li and Tony Zhang
Cornell University - Samuel Curtis Johnson Graduate School of Management, Carnegie Mellon University - H. John Heinz III School of Public Policy and Management and University of Illinois Urbana Champaign
Downloads 700 (47,469)
Citation 1

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Alternative Data, Digital Economy, FinTech, Textual Analysis, Internet-of-Things

20.

Knowledge Accumulation, Privacy, and Growth in a Data Economy

Number of pages: 52 Posted: 15 Oct 2019 Last Revised: 07 Sep 2021
Lin William Cong, Danxia Xie and Longtian Zhang
Cornell University - Samuel Curtis Johnson Graduate School of Management, Tsinghua University - Institute of Economics and Central University of Finance and Economics
Downloads 663 (50,973)

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Big Data, Data Ownership, Endogenous Growth, Innovation, Non-rivalry, Privacy Regulation

21.

Financing Entrepreneurship and Innovation in China: A Public Policy Perspective

Stanford University Graduate School of Business Research Paper No. 18-46
Number of pages: 55 Posted: 25 Sep 2018
Lin William Cong, Charles M.C. Lee, Yuanyu Qu and Tao Shen
Cornell University - Samuel Curtis Johnson Graduate School of Management, Stanford University - Graduate School of Business, University of International Business and Economics (UIBE) - School of Banking and Finance and Tsinghua University
Downloads 609 (56,707)
Citation 3

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22.

Analyzing Textual Information at Scale

Number of pages: 34 Posted: 17 Sep 2019 Last Revised: 09 Dec 2019
Lin William Cong, Tengyuan Liang, Baozhong Yang and Xiao Zhang
Cornell University - Samuel Curtis Johnson Graduate School of Management, University of Chicago - Booth School of Business, Georgia State University - Robinson College of Businessaffiliation not provided to SSRN and University of Chicago - Booth School of Business
Downloads 607 (56,937)
Citation 4

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Big Data, Machine Learning, Text-based Analysis, Topic Models, Unstructured Data, Word Embedding

23.

Categories and Functions of Crypto-Tokens

Number of pages: 26 Posted: 29 Mar 2021 Last Revised: 29 Apr 2021
Lin William Cong and Yizhou Xiao
Cornell University - Samuel Curtis Johnson Graduate School of Management and The Chinese University of Hong Kong (CUHK) - CUHK Business School
Downloads 541 (65,939)

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Cryptocurrency; Blockchain; DeFi; ICOs

24.

Asymmetric Cross-side Network Effects on Financial Platforms´╝ÜTheory and Evidence from Marketplace Lending

Number of pages: 68 Posted: 04 Oct 2019 Last Revised: 15 Mar 2021
Lin William Cong, Ke Tang, Danxia Xie and Qi Miao
Cornell University - Samuel Curtis Johnson Graduate School of Management, Institute of Economics, School of Social Sciences, Tsinghua University, Tsinghua University - Institute of Economics and The Nielsen Company
Downloads 412 (91,658)

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Network Externality; P2P Lending; Platforms; FinTech

25.

Endogenous Growth Under Multiple Uses of Data

Number of pages: 55 Posted: 27 Aug 2021 Last Revised: 11 Oct 2021
Lin William Cong, Wenshi Wei, Danxia Xie and Longtian Zhang
Cornell University - Samuel Curtis Johnson Graduate School of Management, China University of Political Science and Law, Tsinghua University - Institute of Economics and Central University of Finance and Economics
Downloads 149 (250,805)

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Big Data, Endogenous Growth, Innovation, Nonrivalry, Privacy

26.

An AI-assisted Economic Model of Endogenous Mobility and Infectious Diseases: The Case of COVID-19 in the United States

Number of pages: 31 Posted: 13 Aug 2021 Last Revised: 01 Sep 2021
Lin William Cong, Ke Tang, Bing Wang and Jingyuan Wang
Cornell University - Samuel Curtis Johnson Graduate School of Management, Institute of Economics, School of Social Sciences, Tsinghua University, Beihang University (BUAA) and Beihang University (BUAA)
Downloads 89 (359,445)

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AI, Mitigation, Pandemic, SIR

27.

Asset Pricing with Panel Trees under Global Split Criteria

Number of pages: 53 Posted: 27 Oct 2021 Last Revised: 23 Nov 2021
Xin He, Lin William Cong, Guanhao Feng and Jingyu He
City University of Hong Kong (CityU), Cornell University - Samuel Curtis Johnson Graduate School of Management, City University of Hong Kong (CityU) and City University of Hong Kong (CityU)
Downloads 72 (412,950)

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CART, Cross-Sectional Returns, Latent Factor Model, Machine Learning, Panel Data, Stochastic Discount Factor, Tree Ensembles.

28.

A Model of Influencer Economy

Number of pages: 65
Lin William Cong and Siguang Li
Cornell University - Samuel Curtis Johnson Graduate School of Management and Cornell University, Dept. of Economics
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Creator Economy, Digital Economy, Influencer Marketing, Industrial Organization, Product Differentiation

29.

Deep Sequence Modeling: Development and Applications in Asset Pricing

The Journal of Financial Data Science Winter 2021, jfds.2020.1.053; DOI: https://doi.org/10.3905/jfds.2020.1.053
Posted: 12 Aug 2020
Lin William Cong, Ke Tang, Jingyuan Wang and Yang Zhang
Cornell University - Samuel Curtis Johnson Graduate School of Management, Institute of Economics, School of Social Sciences, Tsinghua University, Beihang University (BUAA) and Beihang University (BUAA)

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Artificial Intelligence, Asset Pricing, Machine Learning, Risk Premia, Time Series