Jia Hao

Assistant Professor

Academic Division: Finance

Bio

Jia Hao is an Assistant Professor of Finance at Babson College. Prior to joining Babson, Professor Hao taught courses in undergraduate, MBA, Executive Master, and PhD programs at Chinese University of Hong Kong and Wayne State University, where she received the “Faculty Teaching Merit Award” in 2017 and the “Distinguished Teacher Award” in 2010, respectively. She was also a visiting academic scholar in Ross School of Business, University of Michigan. Dr. Hao earned her PhD in Finance from David Eccles School of Business, University of Utah. Her research focuses on market microstructure and its interaction with corporate finance and asset pricing. She has published in leading academic journals including the Journal of Finance, Review of Financial Studies, Journal of Financial Market, Financial Review, and Journal of Information System. She has presented her work at numerous professional conferences such as Western Finance Association annual conference and Financial Management Association International annual conference, where her papers won the Best Competitive Paper Award in Market Microstructure sponsored by NASDAQ in both 2011 and 2012.

Academic Degrees

  • Ph D, University of Utah
  • BS, Shenzhen University

Awards & Honors

  • 2018 - FMA Best Competitive Paper Award Semi-finalist , Financial Management Association International Conference, sponsored by NASDAQ
  • 2017 - Faculty Teaching Merit Award, Chinese University of Hong Kong
  • 2016 - FMA Best Competitive Paper Award Semi-finalist , Financial Management Association International Annual conference, sponsored by NASDAQ
  • 2016 - Hong Kong Research Grants Council (General Research Fund), University Grants Committee (UGC) of Hong Kong
  • 2012 - FMA Best Competitive Paper Award , Financial Management Association International Conference, sponsored by NASDAQ
  • 2011 - FMA Best Competitive Paper Award , Financial Management Association International Conference, sponsored by NASDAQ
  • 2010 - Distinguished Teaching Award, Wayne State University
  • 2005 - Morgan Stanley Equity Market Microstructure Research Grant, Morgan Stanley

Publications

Journal Articles

  • Hao, J., Gao, P., Kalcheva, I., Ma, T. (2015). Short Sales and the Weekend Effect - Evidence from Hong Kong. Journal of Financial Markets, 26, 85-102.
  • Hao, J., Bessembinder , H., Zheng, K. (2015). Market Making Contracts, Firm Value, and the IPO Decision. Journal of Finance, The, 70, 1997-2028. link
  • Hao, J., Cardella, L., Kalcheva, I., Ma, Y. (2014). Computerization of the Equity, Foreign Exchange, Derivatives, and Fixed-Income Markets. The Financial Review, 49, 231-243.
  • Hao, J., Cong , Y., Zou, L. (2014). The Impact of the XBRL Mandate on Market Efficiency. Journal of Information Systems, 28, 181-207.
  • Hao, J., Kalay, A., Mayhew, S. (2010). Ex Dividend Arbitrage in Option Markets. Review of Financial Studies, The, 23, 271-303.

Presentations

  • Market Concentration in the Liquidity Provision Industry and Its Effect on the Cost of Liquidity
    Hao, J. Market Concentration in the Liquidity Provision Industry and Its Effect on the Cost of Liquidity Financial Management Association Annual Meeting 2018, San Diego, CA (2018)
  • Liquidity Provision Contracts and Market Quality: Evidence from the New York Stock Exchange
    Hao, J. Liquidity Provision Contracts and Market Quality: Evidence from the New York Stock Exchange Financial Management Association Annual Meeting 2018 (TOP 10 SECTION) Best Competitive Paper Award in Market Microstructure semifinalist, San Diego, CA (2018)
  • Liquidity Provision Contracts and Market Quality: Evidence from the New York Stock Exchange
    Hao, J. Liquidity Provision Contracts and Market Quality: Evidence from the New York Stock Exchange The Asian Bureau of Finance and Economic Research 6th Annual Conference, Singapore (2018)
  • Liquidity Provision Contracts and Market Quality: Evidence from the New York Stock Exchange
    Hao, J. Liquidity Provision Contracts and Market Quality: Evidence from the New York Stock Exchange Chinese International Conference in Finance 2017, Hangzhou, China (2017)
  • Liquidity Provision Contracts and Market Quality: Evidence from the New York Stock Exchange
    Hao, J. Liquidity Provision Contracts and Market Quality: Evidence from the New York Stock Exchange Women in Market Microstructure Conference, Whistler, Canada (2017)
  • Liquidity Provision Contracts and Market Quality: Evidence from the New York Stock Exchange
    Hao, J. Liquidity Provision Contracts and Market Quality: Evidence from the New York Stock Exchange Chinese University of Hong Kong (Shenzhen), Shenzhen, China (2017)
  • Liquidity Provision Contracts and Market Quality: Evidence from the New York Stock Exchange
    Hao, J. Liquidity Provision Contracts and Market Quality: Evidence from the New York Stock Exchange Southern University of Science and Technology, China, Shenzhen, China (2017)
  • Market Making Contracts, Firm Value, and the IPO Decision
    Hao, J. Market Making Contracts, Firm Value, and the IPO Decision the U.S. Securities and Exchange Commission, Washington DC (2015)
  • Market Making Contracts, Firm Value, and the IPO Decision
    Hao, J. Market Making Contracts, Firm Value, and the IPO Decision SEC Division of Economic and Risk Analysis Seminar, Washington, DC (2014)
  • Market Making Obligations and Firm Value
    Hao, J. Market Making Obligations and Firm Value Cass Business School, London, UK (2014)
  • Market Making Obligations and Firm Value
    Hao, J. Market Making Obligations and Firm Value Financial Management Association Conference, US (2013)
  • Market Making Obligations and Firm Value
    Hao, J. Market Making Obligations and Firm Value the Asian Bureau of Finance and Economic Research Conference, China (2013)
  • Short sales and the weekend effect—Evidence from a natural experiment
    Hao, J. Short sales and the weekend effect—Evidence from a natural experiment Northwestern University Seminar, Evanston, Illinois (2013)
  • The Impact of XBRL Reporting on Market Efficiency
    Hao, J. The Impact of XBRL Reporting on Market Efficiency University of Kansas International Conference on XBRL, Lawrence, Kansas (2013)
  • Short sales and the weekend effect—Evidence from a natural experiment
    Hao, J. Short sales and the weekend effect—Evidence from a natural experiment Oakland University Seminar, Oakland, MI (2013)
  • Short sales and the weekend effect—Evidence from a natural experiment
    Hao, J. Short sales and the weekend effect—Evidence from a natural experiment 2011 Financial Management Association Annual Meeting, Denver, CO (2011)
  • Ex-dividend Arbitrage in Option Markets
    Hao, J. Ex-dividend Arbitrage in Option Markets University of Kansas, Kansas (2009)
  • Ex-dividend Arbitrage in Option Markets
    Hao, J. Ex-dividend Arbitrage in Option Markets The China International Conference in Finance (CICF) , China (2007)
  • Why Designate Market Makers? Affirmative Obligations and Market Quality
    Hao, J. Why Designate Market Makers? Affirmative Obligations and Market Quality University of Sydney Microstructure Conference, Sydney (2007)
  • Ex-dividend Arbitrage in Option Markets
    Hao, J. Ex-dividend Arbitrage in Option Markets Western Finance Association Conference, Hawaii (2007)
  • Ex-dividend Arbitrage in Option Markets
    Hao, J. Ex-dividend Arbitrage in Option Markets The European Winter Finance Summit, Switzerland (2007)