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 and Technology Investment
In both areas, my research explores implications for the labor market and environmental issues.
References:
Working Papers
Labor Exposure to Climate Risk and Capital Deepening (new draft coming soon)
Significant heterogeneity in workers' temperature exposure within and across sectors (Fig).
Hot 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: MFA 2024, 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
Adaptation to Climate-induced Regulatory Risk: A Labor Perspective (draft coming soon)
with Xin Zheng and Yuxiang Zheng
Presentations: NFA 2023, 3rd UMass Boston Conference on Corporate Social Responsibility, 15th Annual Alliance for Research on Corporate
Sustainability (ARCS) Conference, Hawaii Accounting Research Conference 2024.
The Industry Expertise Channel of Mortgage Lending, with Yongqiang Chu and Yuxiang Zheng
Presentations: MFA 2023, Sydney Banking and Financial Stability Conference 2023, 36th Australian Finance and Banking Conference,
ASSA-IBEFA Meetings 2022, AFA Ph.D. Student Poster Session 2022, FMA Annual Meetings 2021, 28th AEFIN Finance Forum, 28th
AEFIN Ph.D. Mentoring Day, AAA Annual Meetings 2021, SWFA Annual Meetings 2021
Balance of Rights of Liquidity Supply and Demand, with John C. Chu
Presentations: FMA European Conference 2022, 34th Australian Finance and Banking Conference
Publications
Agree to Disagree: Within-Syndicate Conflicts and Covenant Design, with Yongqiang Chu and Luca X. Lin
Journal of Financial Intermediation, Forthcoming
Selected Work-in-Progress
Decarbonization, with Hernan Ortiz-Molina and Xin Zheng
Hedging Climate Risks, with Vaibhav Anand and John C. 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