Zhaoxia Xu

Zhaoxia Xu

Assistant Professor

Finance & Risk Engineering

Journal Articles

"Contracts, Governance, and Country Risk in Project Finance: Theory and Evidence", with S. Byoun, Journal of Corporate Finance, forthcoming, http://ssrn.com/abstract=2405021

"Complex Ownership and Capital Structure", with T. Paligorova, Journal of Corporate Finance, 18 (2012), 701–716 http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1362249

"Why Do Some Firms Go Debt-Free?", with S. Byoun, Asia-Pacific Journal of Financial Studies, 42 (2013), 1-38 http://papers.ssrn.com/sol3/papers.cfm?abstract_id=891346

"Scaling, Self-similarity and Multifractality in FX Markets", with Ramazan Gencay, Physica A, 323 (2003), 578-590 http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2050566

Other Publications

"Non-Conventional Monetary Policy"




University of Toronto


Awards + Distinctions

NBER Innovation Policy Grant, 2014-2015

Asia-Pacific Journal of Financial Studies Best Paper Award

Financial Management Association International Annual Meeting 2011 Best Paper Award Semi-Finalist

Research Interests

Corporate Finance, Innovation, Corporate Governance, and Financial Markets

General / Collaborative Research

"Financial Dependence and Innovation: The Case of Public versus Private Firms", with V. Acharya, NBER Working Paper No. 19708

http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2366042 Featured in Harvard Law School Forum http://blogs.law.harvard.edu/corpgov/2014/07/02/financial-dependence-and...

"Capital Allocation and Product Market Competition during a Financial Crisis", with S. Byoun, working paper

"Market Sentiment, R&D Investments, and Stock Returns", with T. V. Dang, working paper