Gao, Zhenyu(高振宇)
BS, MA (Peking U); PhD (Princeton University)

Associate Professor
Contact Room 1244, 12/FCheng Yu Tung Building
12 Chak Cheung Street
Shatin, N.T., Hong Kong
+852 3943 1824
gaozhenyu@baf.cuhk.edu.hk
Biography
Prof. Zhenyu Gao is an Associate Professor of Department of Finance at The Chinese University of Hong Kong (CUHK) Business School. Prof. Gao joined CUHK in 2014. His primary research interests are in asset pricing, behavioural finance, real estate finance, and Chinese economy. He received his PhD in Economics from Princeton University and MA in Economics as well as BS in Astrophysics from Peking University.
Teaching Area
Investment
Research Interests
Asset Pricing
Behavioural Finance
Real Estate Finance
Chinese Economy
- Publications & Working PapersPublications
- Zhenyu Gao, Michael Sockin, and Wei Xiong, “Learning about the Neighborhood,” Review of Financial Studies, in press.
- Ran Duchin, Zhenyu Gao, and Haibing Shu (2020), “The Role of Government in Firm Outcomes,” Review of Financial Studies, 33(12), 5555-5593.
- Zhenyu Gao, Michael Sockin and Wei Xiong, “Economic Consequences of Housing Speculation,” Review of Financial Studies, 33.11 (2020), 5248-5287.
- Darwin Choi, Zhenyu Gao, and Wenxi Jiang, “Attention to Global Warming,” Review of Financial Studies, 33.3 (2020), 1112-1145.
- Zhenyu Gao, Haohan Ren, and Bohui Zhang, “Googling Investor Sentiment around the World,” Journal of Financial and Quantitative Analysis, 55.2 (2020), 549-580.
- Darwin Choi, Zhenyu Gao, and Wenxi Jiang, “Measuring the Carbon Exposure of Institutional Investors,” Journal of Alternative Investment, (2020) 23, 12-23.
- Chen Ting, Zhenyu Gao, Jibao He, Wenxi Jiang, and Wei Xiong, “Daily Price Limits and Destructive Market Behaviour,” Journal of Econometrics, 208.1 (2019), 249-264.
Selected Working Papers
- Darwin Choi, Zhenyu Gao, and Wenxi Jiang, “Global Carbon Divestment and Firms’ Actions.”
- Zhenyu Gao, Po-Hsuan Hsu, and Sahn-Wook Huh, “Technology Competition and Informed Trading: Evidence from Weekly Patent Announcements.”
- Zhenyu Gao, Jiang Luo, Haohan Ren, and Bohui Zhang, “Are Institutional Traders Sentimental?”
- Zhenyu Gao, Haohan Ren, and Bohui Zhang, “Investor Sentiment and Stock Return Comovement: the Roles of Information and Innovation.”
- Zhenyu Gao, Wenxi Jiang, and Da Tian, “Liquidity-based Stock Network.”