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  • 8 Castle Peak Road, Tuen Mun

    Hong Kong

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Personal profile

Chinese Name



Prof. Xiaofeng Zhao is an Assistant Professor in the Department of Finance and Insurance at Lingnan University. He obtained his PhD degree in the Chinese University of Hong Kong. Before pursuing his PhD, he obtained the B.A., M.Sc., and M.Phil. degrees in Lingnan University. His current research interests are in the area of corporate finance, including corruption and political connections, corporate governance, executive compensation, corporate transparency, and corporate innovation. One of his works received the Hong Kong Asian Capital Market Research Prize awarded by CFA Institute and HKSFA. His papers have been presented or accepted for presentation in international institutions and conferences including Hong Kong Monetary Authority (HKMA), the National Bureau of Economic Research (NBER), Financial Management Association (FMA) Annual Meeting, Financial Management Association (FMA) European Conference, Asian Bureau of Finance And Economic Research (ABFER) Conference, and Asian Finance Association (AsianFA) Conference.

Research interests

Corruption and Political Connections, Corporate Governance, Executive Compensation, Corporate Transparency, Corporate Innovation

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  • 2 Similar Profiles
Accessibility Business & Economics
Stock prices Business & Economics
Corruption Business & Economics
China Business & Economics
Anti-corruption Business & Economics
Shareholders Business & Economics
Crash Business & Economics
Investors Business & Economics

Network Recent external collaboration on country level. Dive into details by clicking on the dots.

Projects 2020 2021

Research Output 2010 2019

Corporate Accessibility and Stock Price Crash Risk

FIRTH, M., WONG, S. M. & ZHAO, X., 16 Aug 2019.

Research output: Other Conference ContributionsConference Paper (other)Other Conference Paper

Open Access
Stock prices
Electronic mail

Hello, is anybody there? Corporate accessibility for outside shareholders as a signal of agency problems

FIRTH, M., LIN, C., WONG, M. L. S. & ZHAO, X., Dec 2019, In : Review of Accounting Studies. 24, 4, p. 1317-1358 42 p.

Research output: Journal PublicationsJournal Article (refereed)

Agency problems
Related party transactions

Market reforms give anticorruption reforms more traction: Evidence from China

LIN, C., Morck, R., Yeung, B. & ZHAO, X., 22 Dec 2017, In : VOX CEPR Policy Portal. 7 p.

Research output: Journal PublicationsPolicy or Profession paper

Market liberalization
Market forces