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Jia Hao

  • Associate Professor
  • Zwerling Family Endowed Term Chair
Academic Division: Finance
Professor Jia Hao, the esteemed Zwerling Family Endowed Term Chair at Babson College, brings a wealth of experience and expertise in finance, with specializations in financial strategy, corporate valuation, investment analysis, and trading mechanisms. Holding a PhD from the David Eccles School of Business at the University of Utah, her academic and professional endeavors have significantly enriched the intellectual communities at the Chinese University of Hong Kong, the University of Michigan, and Wayne State University before joining Babson.

Professor Hao's dedication to education and mentorship has been recognized with several prestigious awards, including the Distinguished Teacher Award and the Faculty Teaching Merit Award. Her research contributions, published in leading financial journals such as the Journal of Finance and the Review of Financial Studies, have received global acclaim and earned her the NASDAQ-sponsored Best Competitive Paper Award in Market Microstructure, an honor she has received twice at the Financial Management Association International Meeting.

Beyond academia, Professor Hao's influence extends into the financial industry. She has served as a key member of program committees and chaired sessions at numerous leading international finance conferences, directly influencing market regulations through her presentations to the U.S. Securities and Exchange Commission.

In the corporate realm, she actively serves on the boards of various public and private companies, providing strategic insights essential for navigating complex regulatory environments, overseeing IPOs, and shaping global financial practices. Her consulting work encompasses a diverse range of financial institutions and exchanges, demonstrating her capacity to adapt and apply her expertise across different sectors.

Committed to fostering diversity and excellence in corporate governance, Professor Hao's efforts significantly impact corporate strategies and operations, help shape regulatory frameworks, and advance policy debates worldwide, striving for impactful changes in the financial landscape.

Academic Degrees

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

Academic Interest / Expertise

Professor Jia Hao, the esteemed Zwerling Family Endowed Term Chair at Babson College, brings a wealth of experience and expertise in finance, with specializations in financial strategy, corporate valuation, investment analysis, and trading mechanisms. Holding a PhD from the David Eccles School of Business at the University of Utah, her academic and professional endeavors have significantly enriched the intellectual communities at the Chinese University of Hong Kong, the University of Michigan, and Wayne State University before joining Babson.Professor Hao's dedication to education and mentorship has been recognized with several prestigious awards, including the Distinguished Teacher Award and the Faculty Teaching Merit Award. Her research contributions, published in leading financial journals such as the Journal of Finance and the Review of Financial Studies, have received global acclaim and earned her the NASDAQ-sponsored Best Competitive Paper Award in Market Microstructure, an honor she has received twice at the Financial Management Association International Meeting.Beyond academia, Professor Hao's influence extends into the financial industry. She has served as a key member of program committees and chaired sessions at numerous leading international finance conferences, directly influencing market regulations through her presentations to the U.S. Securities and Exchange Commission.In the corporate realm, she actively serves on the boards of various public and private companies, providing strategic insights essential for navigating complex regulatory environments, overseeing IPOs, and shaping global financial practices. Her consulting work encompasses a diverse range of financial institutions and exchanges, demonstrating her capacity to adapt and apply her expertise across different sectors.Committed to fostering diversity and excellence in corporate governance, Professor Hao's efforts significantly impact corporate strategies and operations, help shape regulatory frameworks, and advance policy debates worldwide, striving for impactful changes in the financial landscape.

Awards & Honors

  • 2021 — Zwerling Family Endowed Term Chair, Zwerling Family
  • 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., Zheng, K. (2021). Effect of the Equity Capital Ratio on the Relationship between Competition and Bank Risk-taking Behavior. The Review of Corporate Finance Studies. Vol: 10, Issue: 4, Page: 813–855.
  • Hao, J., Bessembinder, H., Zheng, K. (2020). Liquidity Provision Contracts and Market Quality: Evidence from the New York Stock Exchange. Review of Financial Studies, The. Vol: 33 , Issue: 1, Page: 44-47. link
  • Hao, J., Gao, P., Kalcheva, I., Ma, T. (2015). Short Sales and the Weekend Effect - Evidence from Hong Kong. Journal of Financial Markets. Vol: 26, Page: 85-102.
  • Hao, J., Bessembinder , H., Zheng, K. (2015). Market Making Contracts, Firm Value, and the IPO Decision. Journal of Finance, The. Vol: 70, Page: 1997-2028. link
  • Hao, J., Cong , Y., Zou, L. (2014). The Impact of the XBRL Mandate on Market Efficiency. Journal of Information Systems. Vol: 28, Page: 181-207.
  • Hao, J., Cardella, L., Kalcheva, I., Ma, Y. (2014). Computerization of the Equity, Foreign Exchange, Derivatives, and Fixed-Income Markets. The Financial Review. Vol: 49, Page: 231-243.
  • Hao, J., Kalay, A., Mayhew, S. (2010). Ex Dividend Arbitrage in Option Markets. Review of Financial Studies, The. Vol: 23, Page: 271-303.

Presentations

  • Market Concentration in the Liquidity Provision Industry and Its Effect on the Cost of Liquidity Hao, J. Zheng, K. Mooradian, . Financial Management Association European Annual Meeting 2022, Lyon, France (2022)
  • Liquidity Provision Contracts and Market Quality: Theory and Evidence Hao, J. Babson Research Day 2019, Boston (2019)
  • Market Concentration in the Liquidity Provision Industry and Its Effect on the Cost of Liquidity Hao, J. 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. 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. 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. Chinese International Conference in Finance 2017, Hangzhou, China (2017)
  • Liquidity Provision Contracts and Market Quality: Evidence from the New York Stock Exchange Hao, J. Women in Market Microstructure Conference, Whistler, Canada (2017)
  • Market Making Contracts, Firm Value, and the IPO Decision Hao, J. the U.S. Securities and Exchange Commission, Washington DC (2015)
  • Market Making Contracts, Firm Value, and the IPO Decision Hao, J. SEC Division of Economic and Risk Analysis Seminar, Washington, DC (2014)
  • Market Making Obligations and Firm Value Hao, J. Financial Management Association Conference, US (2013)
  • Market Making Obligations and Firm Value Hao, J. the Asian Bureau of Finance and Economic Research Conference, China (2013)
  • The Impact of XBRL Reporting on Market Efficiency Hao, J. University of Kansas International Conference on XBRL, Lawrence, Kansas (2013)
  • Short sales and the weekend effect—Evidence from a natural experiment Hao, J. 2011 Financial Management Association Annual Meeting, Denver, CO (2011)
  • Ex-dividend Arbitrage in Option Markets Hao, J. The China International Conference in Finance (CICF) , China (2007)
  • Why Designate Market Makers? Affirmative Obligations and Market Quality Hao, J. University of Sydney Microstructure Conference, Sydney (2007)
  • Ex-dividend Arbitrage in Option Markets Hao, J. Western Finance Association Conference, Hawaii (2007)
  • Ex-dividend Arbitrage in Option Markets Hao, J. The European Winter Finance Summit, Switzerland (2007)
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