Peiran Guo, Ph.D.
Welcome to my personal Website!
I am a Ph.D. student from NEOMA Business School in France.
My keen research interests are in Household Finance and Corporate Finance. With several working papers that are in various stages of journal submissions.
Household finance, which is an emerging field that has been attracting growing attentions. Household finance investigates how households maximise their welfare under the constraints of their assets and income. My research in household finance highlights the distinct situation of the largest emerging country China.
Being able to teach was one of my initial motivations to pursue a Ph.D. And it has been encouraging me to devote more into the academic world because I enjoy imparting knowledge and communicating with students.
I was fulfil very early since I have had the opportunity to teach a wide range of courses to different levels of audience. I have been accumulating actual teaching experience for 3 years from a wide range of topics such as Research Methodology, Quantitative Methods, Corporate Finance, Capital Budgeting and Financing, and Foundations of Investment. I had students from undergraduate, Grande École, and MSc programs.
Research Profile
Financial Sophistication and Portfolio Decisions [Job Market Paper]
This paper uses a unique household level survey in China to investigate the causal relationship between households’ financial sophistication and their portfolio choices. It shows that an additional unit of financial sophistication is associated with 76 bps of portfolio return increase. This effect is explained by the fact that more financially sophisticated households are able to identify the assets whose returns are increasing, and therefore, they opportunistically rebalance their portfolios to capture these future gains.
The Effect of Housing on Financial Markets Participation
This paper examines the effect of housing on the asset allocation of Chinese households. Using a unique survey database, it shows that both the share of risky financial assets and the participation rate in risky financial markets improve as a consequence of a positive change in property value, or a negative change in home equity. We are able to investigate the effect of housing for households from different wealth percentiles, and find that the positive effect of property value and negative effect of home equity is the strongest for the poorest households. the increase in wealth attenuates both effects. Finally, We show that the dual effect of housing is larger and more significant for new housing owners than for housing investors.
Zero Leverage Puzzle and Investment [In Progress]
Teaching Profile
Investment, Master, NEOMA Business School
Foundations of Investment, Bachelor, NEOMA Business School
Capital Budgeting and Financing, Master, NEOMA Business School
Quantitative Methods, Bachelor, NEOMA Business School
Corporate Finance, Master, NEOMA Business School
Research Methodology, Master, NEOMA Business School