Zhanbing Xiao
Postdoctoral Fellow,
Harvard University, 2023 -
Ph.D. in Finance, UBC, 2023
CV
Email: zhanbingxiao@fas.harvard.edu
Research Interests:
Primary area: Climate Finance
Secondary area: AI & Technology Progress
In both areas, my research primarily explores the implications for the labor market and environmental issues. I have also conducted work on financial intermediation previously.
References:
Links:
The Salata Institute for Climate and Sustainability
Harvard University Center for the Environment
Working Papers
Adaptation to Climate-induced Regulatory Risk: A Labor Perspective, with Hernan Ortiz-Molina and Xin Zheng
Heat-exposed plants increase IT intensity after the implementation of the Heat Illness Prevention Standard in CA and WA (Fig)
Labor Exposure to Climate Risk, Productivity Loss, and Capital Deepening
Significant heterogeneity in workers' temperature exposure within and across sectors (Fig).
High temperatures hurt the productivity of exposed workers (Fig). Dynamic treatment effects (Fig).
Firms respond by: (1) changing production inputs - more capital (Fig) and less labor (Fig);
(2) investing more in robotics-related human capital (Fig); (3) developing more automation-related technology (Fig).
Presentations: SFS Cavalcade North America 2024, MFA 2024, Commodity and Energy Markets Association (CEMA) Annual Conference 2024 at Boston University, Swiss Society for Financial Market Research (SGF) Conference 2024 (cancelled), AFA 2023, FIRS 2023, AEA Poster Session 2023, Stanford Preparing for a Changing Climate Conference 2023, 15th Annual Alliance for Research on Corporate Sustainability (ARCS) Ph.D. Workshop, NFA 2022, FMA 2022, FMA Doctoral Student Consortium 2022, LBS Trans-Atlantic Doctoral Conference (TADC) 2022, UBC Summer Conference 2022, 35th Australian Finance and Banking Conference, New Zealand Finance Meeting 2022, Liechtenstein Workshop of Sustainable Finance 2022, 6th Shanghai-Edinburgh-London Green Finance Conference, China International Risk Forum (CIRF), Financial Markets and Corporate Governance Conference 2022.
FIRS Ph.D. Student Award 2023; CIRF Ph.D. Student Research Excellence Award 2022; FMA Best Paper Award Semifinalist 2022
with Xin Zheng and Yuxiang Zheng
Revise & Resubmit, Review of Accounting Studies
The Industry Expertise Channel of Mortgage Lending, with Yongqiang Chu and Yuxiang Zheng
Revise & Resubmit, Journal of Financial and Quantitative Analysis
Balance Rights and Responsibilities in Liquidity Supply and Demand Contracts, with John Chu
Presentations: FMA European Conference 2022, 34th Australian Finance and Banking Conference
Publications
Agree to Disagree: Lender Equity Holdings, Within-syndicate Conflicts, and Covenant Design, with Yongqiang Chu and Luca Lin
Journal of Financial Intermediation, 2024
Selected Work-in-Progress
Climate Change and U.S. Entrepreneurship
Decarbonization, with Hernan Ortiz-Molina and Xin Zheng
Hedging Climate Risks, with Vaibhav Anand and John Chu
Other Works
Smart Beta, "Smarter" Flows, with Jie Cao, Jason Hsu, Linjia Song, and Xintong Zhan
Interest Rate Risk, Prepayment Risk and Banks’ Securitization of Mortgages