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Tao, SHU

Title : Presidential Chair Professor; Associate Director of Shenzhen Finance Institute, Director of MSc Programme in Finance, Co-Director of Hong Kong-Shenzhen Finance Research Centre, Director of Capital Markets and Asset Management Research Center

Education Background : Ph.D. in Finance, McCombs School of Business, The University of Texas at Austin; M.S. in Statistics, University of Texas at Austin; B.Econ., Finance, Zhongnan University of Economics and Law Research

Research Field : Empirical Asset Pricing, Institutional and Individual Investors, Behavioral Finance, Mergers and Acquisitions, Labor and Finance, Financial Accounting

Email : shutao@cuhk.edu.cn

Academic Publications

1. Publications:“Expectation Management in Mergers and Acquisitions” with Jie (Jack) He, Tingting Liu, and Jeffry Netter, Management Science, Forthcoming.
2. “The Convergence and Divergence of Investors’ Opinions around Earnings News: Evidence from a Social Network”, with Robert Giannini, and Paul Irvine, 2019, Journal of Financial Markets 42, 94-120.
3. “Nonlocal Disadvantage? An Examination of Social Media Sentiment”, with Robert Giannini, and Paul Irvine, 2018, Review of Asset Pricing Studies 8, 293-336.
4. “Price Impact or Trading Volume: Why is the Amihud (2002) Measure Priced?” with Xiaoxia Lou, 2017, Review of Financial Studies 30, 4481-4520.
5. “Can Managers Use Discretionary Accruals to Ease Financial Constraints? Evidence from Discretionary Accruals Prior to Investment”, with James Linck and Jeffry Netter, 2013, Accounting Review 88, 2117-2143.
6. “Institutional Investor Participation and Stock Market Anomalies”, 2013, Journal of Business Finance and Accounting 40, 695-718.
7. “Local Religious Beliefs and Mutual Fund Risk-Taking Behaviors”, with Johan Sulaeman and Eric P. Yeung, 2012, Management Science 58, 1779-1796. Lead Article.
8. “Examining the Dark Side of Financial Markets: Do Institutions Trade on Information from Investment Bank Connections?” with John Griffin and Selim Topaloglu, 2012, Review of Financial Studies 25, 2155-2188.
9. “Who Drove and Burst the Tech Bubble?” with John Griffin, Jeffery Harris, and Selim Topaloglu, 2011, Journal of Finance 66, 1251-1290.
10. “Default Risk, Shareholder Advantage, and Stock Returns”, with Lorenzo Garlappi and Hong Yan, 2008, Review of Financial Studies 21, 2743-2778.