Associate Professor
Division of Banking and Finance, Nanyang Business School, Nanyang Technological University
Contact:
Address: S3-01C-75, 50 Nanyang Ave, Singapore 639798
Phone: +65-6790-4662
Email: luojiang@ntu.edu.sg
My other website pages:
Research interests:
Investor psychology, asset pricing, financial markets
Publications:
Jiang Luo, Avanidhar Subrahmanyam, and Sheridan Titman (2021), Momentum and reversals when overconfident investors underestimate their competition, Review of Financial Studies 34, 351-393.
Jiang Luo, Huifang Yin, and Huai Zhang (2020), The disincentive effect of stars: Evidence from analyst coverage, Journal of Accounting, Auditing and Finance 35, 803-828.
Jiang Luo and Zheng Qiao (2020), Individual commitment and team performance: Evidence from mutual fund managers, Journal of Financial and Quantitative Analysis 55, 2073-2098.
Deqiu Chen, Huasheng Gao, Jiang Luo, and Yujing Ma (2020), The effects of rural-urban migration on corporate innovation: Evidence from a natural experiment in China, Financial Management 49, 521-545.
Jiang Luo, Avanidhar Subrahmanyam (2019), Asset pricing when trading is for entertainment, Review of Behavior Finance.
Jiang Luo and Avanidhar Subrahmanyam (2019), The affect heuristic and stock ownership: A theoretical perspective, Review of Financial Economics 37, 6-37.
Antonio Bernardo, Hongbin Cai, and Jiang Luo (2016), Earnings vs. stock-priced based incentives to managerial compensation contracts, Review of Accounting Studies 21, 316–348.
Antonio Bernardo, Hongbin Cai, and Jiang Luo (2009), Motivating entrepreneurial activities in a firm, Review of Financial Studies 22, 1089 - 1118.
Antonio Bernardo, Jiang Luo, and James Wang (2006), A theory of socialistic internal capital markets, Journal of Financial Economics 80, 485-509.
Antonio Bernardo, Hongbin Cai, and Jiang Luo (2004), Capital budgeting in multi-division firms: Information, agency, and incentives, Review of Financial Studies 17, 739-767.
Antonio Bernardo, Hongbin Cai, and Jiang Luo (2001), Capital budgeting and compensation with asymmetric information and moral hazard, Journal of Financial Economics 61, 311-344.
Teaching:
PhD: Asset pricing theory; corporate finance theory
Master: Asset pricing theory; portfolio management; fixed-income; corporate finance; entrepreneurial finance
Undergraduate: Investment; corporate finance
Hobbies:
Stock investment (specialized in China, emerging markets, and tech sector); occasionally day trading
Brazilian Jiu-Jitsu; swimming