Haibei Zhao

EMPLOYMENT

Associate Professor of Finance (Theodore A. Lauer Distinguished Professorship of Investments), College of Business, Lehigh University, 2022-present.

Assistant Professor of Finance, College of Business, Lehigh University, 2016-2022.

EDUCATION

PhD in Finance, Georgia State University, Atlanta, GA, 2010‒2016.

Master of Accounting, Virginia Tech, Blacksburg, VA, 2008‒2010.

Master in Atmospheric Physics, Chinese Academy of Sciences, Beijing, China, 2005‒2008.

Bachelor of Science in Mathematics, Shandong University, Jinan, China, 2001‒2005.

PUBLICATIONS

1. Hedge Funds: The Good, the Bad, and the Lucky, 2017, with Yong Chen and Mike Cliff. Journal of Financial and Quantitative Analysis 52, 1081-1109.

Financial Intermediation Research Society Conference 2015, Cornerstone Research, 4th NYSE/Euronext Hedge Fund Conference, Institute for Quantitative Asset Management, Pennsylvania State University, Shanghai University of Finance and Economics, Texas A&M University, University of North Carolina at Chapel Hill, University of Texas at Dallas, University of Virginia, Vienna University of Economics and Business, Virginia Tech, and VU University of Amsterdam.

2. Interfund Lending in Mutual Fund Families: Role in Liquidity Management, 2019, with Vikas Agarwal. Review of Financial Studies 32, 4079–4115.

2017 Santiago Finance Workshop, 2017 FIRS, 2017 American Finance Association, 2016 European Finance Association, the Securities and Exchange Commission, the Office of Financial Research, Queens University, Temple University, Tsinghua University, Center for Advanced Financial Research and Learning (CAFRAL), Georgia State University, Université Paris Dauphine, Indian School of Business, Indian Institute of Management Bangalore, and Florida International University.

Coverage:

GARP: http://www.garp.org/#!/risk-intelligence/detail/a1Z40000003Bs4T/

Barron's: https://www.barrons.com/articles/when-funds-lend-to-one-another-1510369094

3. Investor Protection and Capital Fragility: Evidence from Hedge Funds Around the World, 2021, with George Aragon and Vikram Nanda. Review of Financial Studies 34, 1368–1407.

AFA 2020, 2017 Santiago Finance Workshop, 2017 UNC-Wells Fargo Hedge Fund Research Conference, 4th ESMT Asset Management Conference 2017, CICF 2017, FMA Asia 2016, Philly Five Research Symposium 2015, Chinese University of Hong Kong, Texas Tech, and De Paul University.

Coverage: Harvard Law School Forum on Corporate Governance

https://corpgov.law.harvard.edu/2020/05/21/investor-protection-and-capital-fragility-evidence-from-hedge-funds-around-the-world/

4. Redemption in Kind and Mutual Fund Liquidity Management, 2022, with Vikas Agarwal, Honglin Ren and Ke Shen.

Accepted, Review of Financial Studies.

AFA 2022, Georgia State University, University of Kansas, Lehigh University, Peking HSBC business school, and Northeastern University.

WORKING PAPERS

1. Violence and Investor Behavior: Evidence from a Natural Experiment, 2019, with Vikas Agarwal and Pulak Ghosh.

Washington University in St. Louis; Cornell University; Tilburg University; University of Science and Technology of China; Tsinghua University; India Research Conference, New York University, 2018; NSE-NYU Conference on Indian Financial Markets, 2018; Lehigh CBE Research Retreat, 2018; AEA poster sessions, 2019; China International Conference in Finance, 2019.

Funded by 2018 NSE-NYU Stern Initiative on the Study of Indian Financial Markets, $7,500.

Coverage: Lehigh Business Magazine, 2018.

2. Too naïve to NAV? Performance display and capital misallocation, 2021, with Honglin Ren.

Capital University of Business and Economics, Renmin University of China, 2022 Philly Five Finance Conference, 19th Chinese Finance Annual Meeting, Centre for Financial Research (CFR) Cologne (scheduled).

3. What are the Actual Effects of Liquidity Buffers? Evidence from the Mutual Fund Industry, 2016, with Vikas Agarwal.

Financial Intermediation Research Society Conference 2017; Financial Management Association Annual Meetings 2015; Midwest Finance Association Annual Meetings 2015; University of Lausanne; Tsinghua University; Villanova University; Georgia State University; Lehigh University; University of New Hampshire.

TEACHING

Advanced Topics in Financial Risk Management, undergrad, College of Business and Economics, Lehigh University, 2016-2022.

Advanced Topics in Financial Risk Management, Masters of Analytical Finance, College of Business and Economics, Lehigh University, 2017-2022.

Derivatives, Masters of Analytical Finance, College of Business and Economics, Lehigh University, Fall 2018.

Financial Institutions and Risk Management, Robinson College of Business, Georgia State University, Spring 2016.

Corporation Finance, Robinson College of Business, Georgia State University, 2013 - 2015.

PAPER PRESENTATIONS

Philly Five Annual Conference, 2022, Villanova University.

American Finance Association, 2022, Virtual.

American Finance Association, 2020, San Diego.

China International Conference in Finance, 2019, Guangzhou, China.

Tsinghua University, 2019.

Lehigh College of Business Research Retreat, 2018, Lehigh University.

Santiago Finance Workshop, 2017, Santiago, Chile.

UNC-Wells Fargo Hedge Fund Research Conference, 2017, New York City.

4th Asset Management Conference, 2017, Berlin, Germany.

China International Conference in Finance, 2017, Hangzhou, China.

Financial Intermediation Research Society Conference, 2017, Hong Kong.

Philly Five Annual Conference, 2016, Drexel University.

Financial Management Association Annual Meetings 2015, Orlando, Florida.

Financial Intermediation Research Society Conference, 2015, Iceland.

Midwest Finance Association Meetings, 2015, Chicago, IL.

Lehigh University, 2015.

Georgia State University, 2014, 2015.

27th Australasian Finance and Banking Conference, Sydney, 2014.

DISCUSSANT

Midwest Finance Association Meetings, 2015, Chicago, IL.

27th Australasian Finance and Banking Conference, Sydney, 2014.

Financial Management Association Annual Meetings 2014, Nashville, Tennessee.

REFEREE

Review of Financial Studies

Journal of Financial and Quantitative Analysis

Journal of Empirical Finance

Journal of Banking and Finance

Journal of Financial Markets

Journal of Financial Research

Pacific Basin Finance Journal

The Financial Review

SERVICE CONTRIBUTIONS

Research seminar series, Lehigh University, 2019-2022.

Recruiting committee member (X2), Department of Finance, Lehigh University, 2018.

FMA Program Committee, 2017.

Program Committee for Annual Conference on Financial Market Regulation, 2017, 2018.

Recruiting committee member (X2), Department of Finance, Lehigh University, 2016.

External recruiting committee member, Department of Accounting, Lehigh University, 2016.

Tauck Committee, Lehigh University, 2016.

MFA Program Committee, 2015.

AWARDS and GRANTS

NSE-NYU Stern School of Business Initiative for the Study of the Indian Capital Markets, 2018.

Theodore A. Lauer Distinguished Professorship of Investments, Lehigh University, 2018-2021.

Teaching Excellence Award, Robinson College of Business, 2015.

PROFESSIONAL AFFILIATIONS

American Finance Association

Financial Management Association