曹輝寧

長江商學院金融學教授

曹輝寧,教授,現為長江商學院金融學教授,金融MBA學術主任,美國財務學會會員,曾任教於加州大學伯克利分校、北卡羅來納大學Chapel Hill分校。

主要研究領域


主要集中在投資組合管理期權定價資產定價、市場微觀結構、國際財務等。

學術成就


在過去幾年中,曹博士在國際著名期刊Journal of Finance、Review of Financial Studies、Journal of Financial Economics發表多篇論文,並被大量引用;曾兩次獲得Journal of Finance的最佳論文提名(1998年和2000年);曾獲Northern Finance Association評選的新興市場領域最佳論文獎;曾獲Western Finance Association 評選的最有投資價值的最佳論文獎;在2004中國金融國際年會上獲得最佳論文三等獎;任annals of Economics and Finance的編委會成員及International Financial Review和China Financial Review的主編。

主要學術成果


1. "Differences of Opinion and speculative Trading in Stocks and Options," H. H. Cao and Hui Ou-Yang, 2008, Review of Financial Studies.
2. “Inventory Information,” H. H. Cao, Martin Evans and Rich Lyons, Journal of Business, 2006, 79:325-364.
3. “Model Uncertainty, Limited Market Participation and Asset Prices,” H. H. Cao, Tan Wang and Harold H. Zhang, Review of Financial Studies, 2005,1219 - 1251.
4. “The Dynamics of International Equity Market Expectations,” Michael J. Brennan, H. H. Cao, Norman Strong and Xinzhong Xu, Journal of Financial Economics, 2005,257-288
5. “Product Strategy for Innovators in Markets with Network Effects,” Sun, B., Xie, J. and H. H. Cao, Marketing Science, 2004, 243-254.
6. “Sidelined Investors, Trading-Generated News, and Security Returns,” H. H. Cao, J. Coval and D. Hirshleifer, Review of Financial Studies, 2002, 15, 615-648.
7. “Imperfect Competition Among informed Traders,” K. Back, H. H. Cao and G. Willard, Journal of Finance, 2000, 5, 2117-2155. Nominated for Smith-Breeden Prize.
8. “The Effect of Derivative Assets on Endogenous Information Acquisition and Price Behavior in a Rational Expectations Equilibrium,” H. H. Cao, Review of Financial Studies, 1999, 12, 131-163.
9. “International Portfolio Investment Flows,” Michael J. Brennan and H. H. Cao, Journal of Finance, 1997, 52, 1851-1880, Nominated for Smith-Breeden Prize. Best paper award in emerging market research at NFA. Reprinted in International Library of Critical Writings in Financial Economics, Edited by Richard Roll.
10. “Information, Trade, and Derivative Securities,” Michael J. Brennan and H. H. Cao, Review of Financial Studies, 1996, 9, 163-208.