Dr Jerry CAO

Associate Director(Administration and Knowledge Transfer) of Research Centre for ESG
Associate Professor
Department of Economics and Finance

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Active
Researcher
  • 1118 Citation(s)
  • 14 h-index(es)

Academic & Professional Qualifications

PhD in Finance (Boston College)
PhD in Economics (McGill University)
MA in Economics (Western University)
BA in Economics (HUST, China)

Biography

Dr. Jerry Cao is an Associate Professor of Finance in the Department of Economics and Finance at The Hang Seng University of Hong Kong. He graduated from Boston College with a PhD in Finance, under the supervision of Professor Josh Lerner from Harvard Business School. Dr. Cao is an expert in finance, innovation, and entrepreneurship, and has developed a growing interest in Fintech and quantitative trading.Dr. Jerry Cao currently serves as an associate editor for Economic Modelling and is on the editorial board for Frontiers in Artificial Intelligence. Additionally, he regularly acts as a guest editor for the Pacific Basin Finance Journal. His publication record includes over 20 papers in prestigious journals such as JFE, MS, JFQA, JCF and JBF.Dr. Cao has received numerous awards, including Best Paper in FMA and various academic conferences. He was also a recipient of the Lee Foundation Fellowship in Singapore and MAS Appreciation Award for being a regular speaker at Finance Literacy Education events for the Singapore government.

Intellectual Contributions

  • Yang Zhenyi, Ding Shuo, Ye Dafang, Cao Xiaping, Enhancing Country-Level Social-Pilar Performance through Environmental Policy: Evidence from ASEAN Countries, Research in International Business and Finance, April 2026. (ABDC: B)
  • Li Yong, Jerry Cao, Wenlian Lin, Sili Zhou, Political Affinity, Multilateralism and Foreign Direct Investment Worldwide. Journal of International Financial Market, Institution and Money, Vol 94, 2024. (ABDC: A)
  • Jerry Cao, William Megginson, Yong Li, Xiaojuan Liu, Foreign Institutional Investors’ Certification and Domestic Minority Shareholders’ Mistrust, Financial Management, March 2024. (ABDC: A)
  • Warren Bailey, Jerry Cao, Ivy Yang, Alex Zhou, Who Leads and Who Follows? The Cross-Border Peer Effect in Investment by Chinese and U.S. Firms, Journal of International Economics, Vol 147, 2024. (ABDC: A*)
  • Ivy Yang, Jianhua Liu, Xiaping Cao, Wenlian Lin. The Gatekeeping Role of Regulator and Intermediaries: Evidence from Regulatory Reforms in Chinese IPO Market, Economic Modelling, 2023, Vol 120, Pages 1-25. (ABDC: A*)
  • Yuchen Wang, Xiaoming Wang, Jerry Cao. Does Price Limit Improve Price Discovery, Evidence from A Quasi-natural Experiment in Chinese IPO Market. Pacific Basin Finance Journal, 2023, Vol 82. (ABDC: A)
  • Jerry Cao, Hanyang Wang, Alex Zhou, Corporate site visit and Dividend Payout, Evidence from China, Journal of Corporate Finance, 2022, Vol 75, Pages 697-716. (ABDC: A*)
  • Xiaping Cao, Jo-Ann Suchard, Mark Jenter-Humphrey, Government ownership and VC in China, Journal of Banking and Finance, 2021，Vol 129, Pages 1-17 (ABDC: A*)
  • Xiaping Cao, Douglas Cumming and Sili Zhou, State ownership and corporate innovation.  Emerging Market Review, 2020 Vol 44, Pages 1-18 (ABDC: A)
  • Xiaping Cao, Mike Lemmon, Meijun Qian, Gary Tian, Xiaofei Pan. Political Promotion, CEO Compensation, and Their Effect on Firm Performance. Management Science 65, 2019, 2947-2965. (ABDC: A*)
  • Xiaping Cao, Konan Chan, Kathleen Khale, Risk and performance of bonds sponsored by private equity firms. Journal of Banking and Finance 93, 2018, Pages 41-53. (ABDC: A*)
  • Xiaping Cao, Alex Zhou, Yuchen Wang, CCDI and Negative News Suppression in China. Journal of Corporate Finance 49, 2018. Pages 186-203. (ABDC: A*)
  • Xiaping Cao, Meijun Qian, Gary Tian, Political Connection and CEO Turnovers. Journal of Corporate Finance (Lead article), 42, 2017, pages 1-14. (ABDC: A*)
  • Jerry Cao, Ding Yuan and Hua Zhang. Social Capital, Informal Governance, and Post-IPO Firm Performance: A Study of Chinese Entrepreneurial Firms, Journal of Business Ethics (Lead article), 16, 2016, pages 1-20. (ABDC: A*)
  • Jerry Cao, Douglas Cumming, Xiaoming Wang，One Child Policy and Family Firms in China,  Journal of Corporate Finance, 33, 2015, Pages 317-329. (ABDC: A*)
  • Jerry Cao, Douglas Cumming, Meijun Qian and Xiaoming Wang, Cross-border LBOs, Journal of Banking and Finance, 50, 2015, pages 69-80. (ABDC: A*)
  • Jerry Cao, Gary Tian and Xiaofei Pan, State owned vs. privately owned firms: Whose CEOs are better compensated? Journal of Corporate Finance 17, 2011, pages 541-554.  (ABDC: A*)
  • Jerry Cao, IPO Timing, Buyout Sponsors’ Exit Strategies and Firm Performance of RLBOs, Journal of Financial and Quantitative Analysis 46, 2011, Pages 1001-1024 (ABDC: A*)
  • Jerry Cao, Josh Lerner, The Performance of Reverse Leveraged Buyouts, Journal of Financial Economics, 91, 2009, Pages 139-157, (ABDC: A*)