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Visiting Associate Professor
Baixiao Liu
Ph.D. in Finance, Purdue University
Research Interests: Financial Media, Short Selling, Behavioral Finance, and FinTech
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0755-2603 7739
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baixiaoliu@phbs.pku.edu.cn
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Office:Rm 704, PHBS Building
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CV
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Biography
Research Interests
Financial Media, Short Selling, Behavioral Finance, and FinTech

Education
Purdue University, Krannert School of Management, West Lafayette, IN
    Ph.D. in Finance, 2008-2012
    MBA, 2006-2008
University of Electronic Science and Technology of China, Chengdu, China
    B.Sc. in Communication, 2002-2006

Academic Positions
Florida State University, College of Business, Tallahass, FL
    Associate Professor of Finance (with tenure) 2019-present
    Assistant Professor of Finance, 2013-2019
Peking University HSBC Business School, Shenzhen, China
    Visiting Associate Professor of Finance, 2021-present
Purdue University, Krannert School of Management, West Lafayette, IN 
    Visiting Professor of Finance, 2012-2013

Publications
[1] Why Did Auction Rate Bond Auctions Fail During 2007-2008? (with John J. McConnell and Alessio Saretto, 2010, Journal of Fixed Income 20, 5-18)
[2] The Role of the Media in Corporate Governance: Do the Media Influence Managers’ Capital Allocation Decisions? (with John J. McConnell, 2013, lead article, Journal of Financial Economics 110, 1-17)
[3] CEOs, Abandoned Acquisitions, and the Media (with John J. McConnell, 2015, Journal of Applied Corporate Finance 27 (3), 113-121)
[4] The Disciplinary Role of Failed Takeover Attempts (2016, Journal of Financial Research 39 (1), 63-85)
[5] The Power of the Pen Reconsidered: The Media, CEO Human Capital, and Corporate Governance (with John J. McConnell and Wei Xu, 2017, Journal of Banking and Finance 76, 175-188)
[6] When Is Good News Bad, and Vice Versa? The Fortune Ranking of America’s Most Admired Companies (with Yingmei Cheng, John J. McConnell, and Aaron Rosenblum, 2017, Journal of Corporate Finance 43, 378-396)
[7] Arbitrage Involvement and Security Prices (with Byoung-Hyoun Hwang and Wei Xu, 2019, Management Science 65(6), 2858-2875)
[8] Open-market Share Repurchases in the Presence of Activist Investors (with Don Autore and Nick Clarke, 2019, Journal of Banking and Finance 107, 105614)
[9] Media Partisanship and Fundamental Corporate Decisions (with April Knill and John J. McConnell, forthcoming, Journal of Financial and Quantitative Analysis)
[10] Ease-of-Processing Heuristics and Asset Prices: Evidence from Exchange Repo Market in China (with Xuyun Fang, Zhiqian Jiang, John J. McConnell, and Mingshan Zhou, forthcoming, Journal of Financial Markets)

Working Papers
[1] Media Attention and Regulatory Efficiency of Corporate Violations: Evidence from China (with Zhiqian Jiang, Jinsong Liu, and Qianwei Ying)
- Revise & Resubmit at Journal of Accounting and Public Policy
[2] The Emergence of “Social Executives” and Its Consequences for Financial Markets (with Hailiang Chen and Byoung-Hyoun Hwang)
- Revise & Resubmit at Information Systems Research
[3] “Consistent” Earnings Surprises (with Byoung-Hyoun Hwang and Dong Lou)
[4] Do Managers Learn from Short Sellers? Evidence from Corporate Acquisitions (with John J. McConnell and Andrew Schrowang)
[5] Guilty by Political Associations: The Impact of Political Scandals on Connected Firms (with April Knill, John J. McConnell, and Cayman Seagraves)
[6] Short Sellers' Trading on Anomalies (with Byoung-Hyoun Hwang)
[7] Short Squeezes (with Wei Xu)
[8] The ICO Rating Game: Biased Ratings of Crypto Experts in Initial Coin Offerings (with John J. McConnell and Jingfang Wang)
[9] The Influence of Media Slant on Short Sellers (with April Knill, John J. McConnell, and Glades McKenzie)