Hello! I am currently an Assistant Professor of Finance at the Business School, Remin University of China.
My research focuses on the intersection of corporate social responsibility (CSR) and different empirical fields, including finance, accounting, and management, with a particular emphasis on climate finance and information.
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Email: zhangyaojia@rmbs.ruc.edu.cn
Renmin University of China
Assistant Professor of Finance, 2026 - Present
The Hong Kong Polytechnic University
Postdoctoral Fellow, 2025 - 2026
The Chinese University of Hong Kong
Ph.D. in Finance, 2020 - 2025
B.B.A. in Accounting (First Class Honor), 2015 - 2020
The University of Miami, Florida, USA
Exchange Undergraduate Student, 2017
Chicago Quantitative Alliance (CQA) Institute, USA
CQA Scholar, 2019
Climate Finance, Corporate Finance, International Finance, Financial Institutions, Corporate Governance, Financial Accounting, Capital Market Information Efficiency, Financial Reporting, Managerial Accounting.
Prof. Jie (Jay) Cao (Hong Kong Polytechnic University)
Prof. Xavier Giroud (Columbia Business School)
Prof. Omrane Guedhami (University of South Carolina)
Prof. Linda Myers (University of Tennessee)
Prof. George Yang (Chinese University of Hong Kong)
Prof. Xintong Zhan (Fudan University)
Working Papers
1. Carbon Emissions Trading and Stock Price Informativeness: The International Evidence (with Jie Cao)
2. Socially Responsible Investors and Stock Price Informativeness (with George Yang, Xintong Zhan, Weiming Zhang) - Revise & Resubmit, The Accounting Review
3. Foreign Institutional Ownership and Corporate Carbon Emissions (with Jie Cao, Xintong Zhan, Weiming Zhang) - Revise & Resubmit, Strategic Management Journal
4. The Impact of Labor Risk on Implied Cost of Equity Capital: Evidence from Opioid Epidemic (with Jie Cao, Linda Myers, Xintong Zhan, Weiming Zhang)
5. Female Directors Reduce Corporate Carbon Emissions Globally (with Jie Cao, Xintong Zhan, Weiming Zhang)
Publications by Invitation
The Return Predictability of Carbon Emissions: Evidence from Hong Kong and Singapore (with Jie Cao, Xintong Zhan, Weiming Zhang), 2023, Pacific-Basin Finance Journal 82 (Special Issue), 102177.
Green Human Capital and Carbon Emissions of Asian Firms (with Fangyuan Li, Weiming Zhang), 2026, Asian Economic Policy Review 21 (Special Issue), 87-97.
Teaching Experience
Teaching Assistant, CUHK Business School, The Chinese University of Hong Kong
Empirical Asset Pricing (PhD)
Financial Management (Undergraduate)
Investment Analysis and Portfolio Management (Undergraduate)