Longkai Zhao

Dr. Longkai Zhao is currently Professor of Finance at Guanghua School of Management. He serves as Director of MBA/MSEM/MPAcc program, and Director of Arts and Management Center. Dr. Zhao’s research interests include behavior finance, empirical corporate finance, investments, and international finance. His current research projects investigate the cultural influence on IJV (international joint venture) corporate decision makings. His research works have appeared in Management Science, Journal of International Business Studies, Journal of Corporate Finance, Journal of Banking and Finance, Journal of Comparative Economics, etc…He is a CFA charter holder. Dr. Zhao received his B. Econ. from Tsinghua University, M.Sc. (Management) from the National University of Singapore, and his Ph.D. in Finance from the University of British Columbia, Canada.

Research Areas

• Theoretical and empirical corporate finance
• Investment
• asset pricing
• Alternative investments

Education Background

• 2005 University of British Columbia Finance
• 1999 National University of Singapore Finance
• 1997 Tsinghua University, Beijing Economics
  

Career Experience

• 2017- Professor, Guanghua School of Management, Peking University
• 2011-2017 Assoicate Professor, Guanghua School of Management, Peking University
• 2005-2011 Assistant Professor, Guanghua School of Management, Peking University

Research Results

• "Foreign-owned firms’ union recognition in China: A dual institutional pressure perspective," with Sunghoon Kim, and Jian Han, 2013, Industrial & Labor Relations Review forthcoming
• "National Culture and Capital Structure Decisions: Evidence from Foreign Joint Ventures in China,” with K. Li, D. Griffin, and H. Yue, 2011, Journal of International Business Studies 42, 477-503.
• "Ownership, Institutions, and Capital Structure: Evidence from China,” with Kai Li and Heng Yue, 2009, Journal of Comparative Economics 37, 471-490.
• "A Re-examination of China’s Share Issue Privatization,” with Guohua Jiang, Heng Yue, 2009, Journal of Banking and Finance 33, 2322-2332.
• "Narrow Framing: Professions, Sophistication and Experience,” with Yu-Jane Liu, Min-Chun Wang, 2010, Journal of Futures Market 30, 203-229.
• "Lucky Numbers and Stock Prices,” with Pinggui Rao, Heng Yue, 2008, Management World (in Chinese), No. 11.
• "Closed-end Fund Discount and Managerial Performance, ” with Weiguo Peng, 2008, Journal of Financial Research (in Chinese), No. 4.
• "Limited Memory and Unusual Patterns in the Digits of Reported Earnings,” with Xi Chen and Heng Yue, 2007, Journal of Financial Research (in Chinese), No. 11.
• "Digits in Stock Prices and Behavior Finance,” with Heng Yue, 2007, Journal of Financial Research (in Chinese), No. 5.
• "Corporate Governance and Investor Protection: A Survey, ” with Guohua Jiang and Xinzhong Xu, 2006, the Management World, No. 6.
• "Psychological Barriers in China’s Stock Markets," with Heng Yue, 2006, Journal of Financial Research (in Chinese), No. 2.
• "Corporate Risk Management and Asymmetric Information,” 2004, The Quarterly Review of Economics and Finance, Volume 44, Issue 5, Pages 727-750.