XIAO, Zhanbing
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​Assistant Professor of Finance, 2025 -
City University of Hong Kong
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Former Affiliation: Harvard University
Salata Institute for Climate and Sustainability​​​​
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​Ph.D. in Finance, University of British Columbia​
CV​
Email: zhanbing.xiao@cityu.edu.hk
​SSRN
​LinkedIn​
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Research Interests:
Primary: Climate Finance; Labor & Finance
Secondary: Financial Intermediation
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​References:
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​Environmental Economics/Climate Finance:
Harvard Salata Institute for Climate and Sustainability
Harvard University Center for the Environment
Harvard Environmental & Energy Law Program
Working Papers​
Adaptation to Climate-induced Regulatory Risk Through Technological Progress, with Hernan Ortiz-Molina and Xin Zheng
New draft available soon
Selected Presentations: Harvard University​, AEA 2025, UNC-Duke Corporate Finance Conference 2025, China International Conference in Finance (CICF) 2025, Finance Down Under Conference 2025, CAPANA Annual Conference 2025, Hawaii Accounting Research Conference 2025, FMA 2024, 20th Annual Haskell and White Conference
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​​How Does Climate Change Reshape U.S. Entrepreneurship? A Labor Channel
​Selected Presentations: Harvard University, NBER Place-Based Policies and Entrepreneurship 2024, 4th Spring Finance Workshop
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​​​​​​​​​From Incidents to Outcomes: Consumer Reactions and Firm Responses to Negative Environmental and Social Practices
with Xin Zheng and Yuxiang Zheng
Revision requested, Review of ​Accounting Studies​
Selected Presentations: Northern Finance Association Meetings (NFA) 2023, the 3rd Conference on Corporate Social Responsibility at UMass Boston, Hawaii Accounting Research Conference 2024
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Credit Lines and Liquidity Demand and Supply, with John Chu
Selected Presentations: FMA European Conference 2022, 34th Australian Finance and Banking Conference​​​​​
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Publications
Labor Exposure to Climate Risk, Productivity Loss, and Capital Deepening
Journal of Financial and Quantitative Analysis, Forthcoming
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The Industry Expertise Channel of Mortgage Lending, with Yongqiang Chu and Yuxiang Zheng
Journal of Financial and Quantitative Analysis, March 2026
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Agree to Disagree: Lender Equity Holdings, Within-syndicate Conflicts, and Covenant Design, with Yongqiang Chu and Luca Lin
Journal of Financial Intermediation, January 2024​
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​​​​​​​Other Works
Smart Beta, "Smarter" Flows, with Jie Cao, Jason Hsu, Linjia Song, and Xintong Zhan, Journal of Empirical Finance, March 2025
Interest Rate Risk, Prepayment Risk and Banks’ Securitization of Mortgages, Resting​​