Daxuan Cheng
Pronounced as /dá: ʃuān chéŋ/
Daxuan Cheng
Pronounced as /dá: ʃuān chéŋ/
Welcome 👋 I am a Ph.D. in Applied Finance from Macquarie Business School, Sydney. My degree thesis was awarded the Vice-Chancellor's Commendation. I am currently working as a sessional academic and on the job market.
My primary research interests lie at the intersection of corporate finance and emerging financial risks, with a specific focus on supply chain networks, data privacy practices, and their dynamic impacts on corporate decisions, information disclosure, and stakeholder engagement. Furthermore, I investigate the implications of FinTech regulation and interdisciplinary operations management research within the framework. Methodologically, I am dedicated to the application of advanced analytics, including the utilization of alternative datasets, textual analysis, and other frontier empirical techniques.
LinkedIn Page: [Click Here] | Google Scholar: [Click Here] | Curriculum Vitae: [Click Here] | Email Address: [daxuan.cheng@mq.edu.au]
2026
Paper "Mind the cost of disturbance: firm-level supply chain risk and the bank loan cost" receives the second round decision (Minor Revision) from the Production and Operations Management (POM).
The author team of the paper "Data privacy risk" is invited by the Brattle Group to do a podcast session to introduce the policy implications of corporate data privacy governance (content available soon!)
I participate in a project to prepare FinTech landscape reviews and cross-country institutional reports on open banking and digital investment platforms for the Australian Securities and Investments Commission (ASIC).
Paper "Data privacy risk" is accepted by the 2026 FMA European Conference.
2025
Paper "Data privacy risk" receives the best paper award at the 2025 FIRN Annual Conference, and is also presented in other conferences, including 2025 FMA Annual, 2025 SBFC, and 38th AFBC.
Paper "Mind the cost of disturbance: firm-level supply chain risk and the bank loan cost" receives the R&R decision from the Production and Operations Management.
I start working as a sessional academic to teach courses at both undergraduate and postgradute level in Macquarie Business School.
My PhD thesis, "Three Essays on Emerging Risks in Financial Markets", is awarded the Vice-Chancellor's Commendation.
2024
Paper "Mind the cost of disturbance: Firm-level supply chain risk and the bank loan cost" is presented in multiple conferences, including 37th AFBC, 2024 SBFC, 2024 NZFM, and 2024 IFABS.
I am invited to give a guest lecture on the topic "Introduction of Textual Analysis in Financial Economic Research" on postgraduate research class in Macquarie Business School.
I participate and lead a research group in the "AIX Impact Premium Project", a sustainable finance project funded by the Digital Finance Cooperative Research Center (DFCRC).
2023
Paper "The geopolitical risk premium in the commodity futures market" is accepted by the Journal of Futures Markets.
The author team was invited to publish a brief article to introduce our research work on geopolitical risk management by the editors of Commodity Insight Digest, a journal of UCL Bayes Business School.
2022
I present the paper "The geopolitical risk premium in the commodity futures market" at the 2022 DMC Conference (Auckland, online presentation).
The Geopolitical Risk Premium in the Commodity Futures Market with Yin Liao and Zheyao Pan, Journal of Futures Market, 2023
"Top Cited Article 2023" in the Journal of Futures Market.
"Top Viewed Article 2023" in the Journal of Futures Market.
Press/Media: UnHeard, Savvy Investor, Commodity Insight Digest, etc.
We investigate the geopolitical risk premium in the commodity futures market by estimating the risk exposure of cross-sectional excess returns.
Data Privacy Risk with Ding Ding, Yin Liao, Zheyao Pan
Job Market Paper [SSRN Link]
The Brattle Group FIRN Best Paper Award at the 2025 FIRN Annual Conference
Presentation: FMA European (Scheduled, Braga, June 2026), SBFC Conference (Sydney, December 2025); FIRN Annual Conference* (Perth, November 2025); FMA Annual Meeting (Vancouver, October 2025); The Third International Conference on Acturial Science & Quantitative Finance and Risk Management* (Beijing, July 2025); MQBS BrownBag Seminar (Sydney, May 2025); Shandong University* (September 2025); Beijing Jiaotong University* (Beijing, July 2025); University of Wollongong* (Wollongong, June 2025).
We develop a firm level measure of data privacy risk exposure based on earnings call transcripts, and investigate its implications in the capital markets.
Mind the Cost of Disturbance: Firm-level Supply Chain Risk and the Bank Loan Cost with Lei Gao, Yin Liao, Zheyao Pan
Minor Revision on the Production and Operations Management.
Presentation: AFBC Conference (Sydney, December 2024); SBFC Conference (Sydney, December 2024); NZFM Conference (Auckland, December 2024); MQBS Graduate Research Expo (Sydney, July 2024).
We investigate whether and how supply chain risk, a core operational vulnerability, is priced in financial credit markets.
Macquarie University, Australia
Guest Lecturer
AFIN7005 & 8005 - Research Method in Finance, Postgraduate Course, 2024 S2 - 2025 S2
Three-hour lecture & R demonstration on "Introduction of Textual Analysis in Financial and Economic Research"
Related Resource: [Presentation Slides] [Demonstration Code] [Sample Data]
Tutor / Teaching Assistant
ACST1001 - Financial Fundamentals, Undergraduate Course, 2026 S1
ACST6003 - Principles of Finance, Postgraduate Course, 2025 S2 - 2026 S1
AFIN3053 - Advanced Corporate Finance, Undergraduate Course, 2025 S2 - 2026 S1
AFIN8003 - Banking and Financial Intermediation, Postgraduate Course, 2025 S1
AFIN7005 & 8005 - Research Method in Finance, Postgraduate Course, 2024 S2 - 2025 S2
AFIN8010 - Environmental Finance, Postgraduate Course, 2024 S1
Actively serve as ad-hoc referee/reviewer at high-quality journals and conferences, including:
Journals:
Accounting and Finance (*8), Journal of Futures Market (*2), Pacific-Basin Finance Journal.
Conferences:
AFAANZ 2026 Conference (*4), AFAANZ 2025 Conference (*3), 37th Australasian Finance and Banking Conference, 2024 Sydney Banking and Financial Stability Conference, 2024 New Zealand Finance Meeting, 2022 Derivative Markets Conference.
In my spare time, I’m a curious explorer with a diverse range of passions. I love diving into books that span everything from the intricate lessons of history to the imaginative worlds of sci-fi and fantasy.
When it comes to music, my playlist is an eclectic mix of almost every genre, though I have a particular soft spot for the soulful vibes of jazz and the catchy melodies of indie-pop.
To stay active, I’m usually out on the court playing badminton, hitting the trails for a hike, or feeling the wind on a road biking adventure.
Beyond my hobbies, I have a background in the digital and creative space, having spent time as a blog writer and navigating the fast-paced world of freelance trading in the sneaker, Crypto, and NFT markets.