Prof Tao SHU

 

  Tao Shu

 

  Presidential Chair Professor

  School of Management and Economics

  The Chinese University of Hong Kong, Shenzhen

  Shenzhen Finance Institute (SFI)

  shutao@cuhk.edu.cn 

 

 

 

 

Academic Appointments

2020-          Presidential Chair Professor

                   Associate Director, Shenzhen Finance Institute

2019-          Professor of Finance

                   School of Management and Economics

                   Shenzhen Finance Institute

                   The Chinese University of Hong Kong, Shenzhen

                  

2018-2019  McFadden Professor of Personal Financial Management  

2013-2019  Associate Professor of Finance (with tenure)

                  Terry College of Business, University of Georgia

 

2014-2015  Visiting Associate Professor of Finance

                  Hong Kong University of Science and Technology (HKUST)  

 

2007-2013  Assistant Professor of Finance

                  Terry College of Business, University of Georgia

                   

 

 

Education

2003-2007   McCombs School of Business, University of Texas at Austin

                    Ph.D. in Finance

                   

2001-2003   College of Natural Sciences, University of Texas at Austin

                    M.S. in Statistics

 

1993-1997   Department of Finance, Zhongnan University of Finance and Economics (China)

                    B.Econ. in Finance

Curriculum Vitae

 

 

Publications

Is the Chinese Anti-Corruption Campaign Authentic? Evidence from Corporate Investigations, with John Griffin and Clark Liu

Management Science, Forthcoming.

 

Life is Too Short? Bereaved Managers and Investment Decisions, with Clark Liu, Johan Sulaeman, and P. Eric Yeung

Review of Finance, Forthcoming.

 

The Role of External Regulators in Mergers and Acquisitions:  Evidence from SEC Comment Letters, with Tingting Liu, Erin Towery, and Jasmine Wang

Review of Accounting Studies, Forthcoming.

 

Unique Bidder-Target Relatedness and Synergies Creation in Mergers and Acquisitions, with Tingting Liu, Zhongjin (Gene) Lu, and Fengrong Wei

Journal of Corporate Finance, Forthcoming.

 

Patent Quality, Firm Value, and Investor Underreaction: Evidence from Patent Examiner Busyness, with Xuan Tian and Xintong Zhan

Journal of Financial Economics 2022, 143, 1043-1069.

 

Expectation Management in Mergers and Acquisitions, with Jie (Jack) He, Tingting Liu, and Jeffry Netter

Management Science 2020, 66, 1205-1226.

 

The Convergence and Divergence of Investors’ Opinions around Earnings News: Evidence from a Social Network, with Robert Giannini and Paul Irvine

Journal of Financial Markets 2019, 42, 94-120.

 

Nonlocal Disadvantage: A Direct Examination of Social Media Sentiment, with Robert Giannini and Paul Irvine 

Review of Asset Pricing Studies 2018, 8, 293-336.

 

Price Impact or Trading Volume: Why is the Amihud (2002) Measure Priced? with Xiaoxia Lou

Review of Financial Studies 2017, 30, 4481-4520.

Summary and Discussions of the paper

 

Can Managers Use Discretionary Accruals to Ease Financial Constraints? Evidence from Discretionary Accruals Prior to Investment, with James Linck and Jeffry Netter

Accounting Review 2013, 88, 2117-2143.

 

Institutional Investor Participation and Stock Market Anomalies

Journal of Business Finance and Accounting 2013, 40, 695-718.

 

Local Religious Beliefs and Mutual Fund Risk-Taking Behaviors,  with Johan Sulaeman and P. Eric Yeung 

Management Science 2012, 58, 1779-1796. Lead Article.

 

Examining the Dark Side of Financial Markets: Do Institutions Trade on Information from Investment Bank Connections?  with John Griffin and Selim Topaloglu 

Review of Financial Studies 2012, 25, 2155-2188.

 

Who Drove and Burst the Tech Bubble? with John Griffin, Jeffery Harris, and Selim Topaloglu

Journal of Finance 2011, 66, 1251-1290.

 

Default Risk, Shareholder Advantage, and Stock Returns, with Lorenzo Garlappi, and Hong Yan.

Review of Financial Studies 2008, 21, 2743-2778.

 

 

 

Working Papers  

 

 

The Employee Clientele of Corporate Leverage: Evidence from Family Labor Income Diversification, with Jie (Jack) He, Xiao (Shaun) Ren, and Huan Yang

 

Workplace Inequality in Pay Growth: Evidence from US Individual-level Data, with Jie (Jack) He and Lei Li

 

The Disappearing IPO Puzzle: New Insights from Proprietary U.S. Census Data on Private Firms, with Thomas Chemmanur, Jie (Jack) He, and Xiao (Shaun) Ren

 

Risks in Mergers and Acquisitions, Evidence from Acquirer’s Risk-Factor Disclosure, with Feng Guo, Tingting Liu, and Xinyan Yan 

 

Winner’s Curse in Takeovers? Evidence from Investment Bank Valuation Disagreement, with Tingting Liu and Jasmine Wang

 

Similarity Breeds Trust: Political Homophily and CEO-Board Communication, with Sudipto Dasgupta, Ran Guo, and Xiao (Shaun) Ren

 

Dividend Policy in the Era of Big Data, with Clark Liu, Yancheng Qiu, and Shujing Wang 

 

Market-Based Innovation Policy: Evidence from High-Tech Incubators in China, with Yue Pan, Vincent Yao, and Pengdong Zhang

 

Growing Pains or Confidence? CEO Relative Age, Stress, and Firm Performance, with Sean Cao, Jasmine Wang, and Qinxi Wu

 

Aggregate Attention, with Paul Irvine and Siyi Shen

 

 

Honors:

Emerald Best Paper Award, China Finance Review International Conference (CFRIC), 2019

McFadden Professorship of Personal Financial Management, University of Georgia, 2018

Semifinalist for the Best Paper in Corporate Finance, FMA International, 2017

The Talk of the Town Award, Finance Down Under Conference, 2014

Semifinalist for the Best Paper in Corporate Finance, FMA International, 2014

Hugh O. Nourse Outstanding MBA Teacher Award, University of Georgia, 2013

Terry Sanford Research Award, Terry College of Business, University of Georgia, 2013

3rd TCFA Best Paper Award, 2012

Outstanding Undergraduate Teacher in Finance, Alpha Kappa Psi, 2012

Terry Sanford Research Award, Terry College of Business, University of Georgia, 2012

Outstanding Teaching Award, University of Georgia, 2012

Terry Sanford Research Award, Terry College of Business, University of Georgia, 2010, 2011

Outstanding Teaching Award, University of Georgia, 2009

Houston Endowment President's Excellence Scholarship, University of Texas at Austin, 2006

Dean’s Fellowship, McCombs School of Business, University of Texas at Austin, 2004, 2005 

Bonham Fund Fellowship, McCombs School of Business, University of Texas at Austin, 2005.

University Pre-emptive Fellowship, University of Texas at Austin, 2003.

 

 

 

 

News Mentions:

CNN

US News & World Report

Financial Post

Pittsburgh Post Gazette

Barron’s

CGTV

Phoenix TV