曹夏平 Xiaping Cao (Jerry Cao)

 

中山大学岭南学院金融系副教授博导      2016- 至今

中山大学岭南学院博士项目主任

中山大学岭南学院院长助理

麻省理工学院REAP广东中心主任     2018-2020

南方金融科技研究院院长      2018-2020

新加坡管理大学金融助理教授       2008-2016

澳门大学访问客座教授       2014.9- 2015.1

亚洲私募股权学院院长(新加坡政府投资公司)      2011-2015

新加坡管理大学资产管理中心研究员       2011-2015

新加坡管理大学公司治理中心研究员       2011-2015

                                                               

教育背景

金融博士,波士顿学院(Boston College, Boston, USA), 2003-2008

博士论文:两篇公司金融和私募的专题研究(Two Essays in Corporate Finance and Private Equity)

经济学博士学生,麦基尔大学(McGill University, Montreal, Canada), 2001-2003                     

经济学硕士(MA in Economics),西安大略大学 (University of Western Ontario), 2000-2001 

经济学学士 ,华中理工大学, 1995-1999

 

研究方向:

公司金融,私募股权基金,风险投资,创业研究,金融机构研究

 

Books ():

Private Equity and Public Corporations, The Oxford Handbook of Private Equity, Edited by Douglas Cumming, Oxford University Press INC., 2011

The role of Private Equity in IPOs, The research handbook on IPO, 2013

 

教学经历:

公司金融,新加坡管理大学(Singapore Management University)     2008-2015  

金融基础,波士顿学院(Boston College)    2008

公司金融,MBA       2004-2005

管理金融学,金融硕士      2007

南洋理工大学创新创业中心硕士     2010- 2015

新加坡国立大学EDP     2013, 2014

 

教授课程

公司财务(CORPORATE FINANCE)

Entreprenurship

Mergers and Acquisition

 

荣誉与奖励:

教育部规划课题基金       2018-2019

新加坡管理大学学术研究奖(SMU Research Grant)    2009, 2010, 2011, 2012, 2013, 2014, 2015

新加坡李氏基金fellowship       2013

亚洲私募股权学院最佳论文奖      2014

新加坡管理大学资产管理中心研究基金        2012

新加坡管理大学公司治理中心研究基金       2012

凯雷集团学术研究奖(Carlyle Group Research Grant, 3万美元)     2005

The best paper award, FMA Asian Conference, Singapore,       2010

The best paper award, Taiwan NTU International Conference of Economics      2009

波士顿学院研究生校友(Graduate Student Fellowship, Boston College)       2003-2004

麦基尔大学研究校友生(Graduate Student Fellowship, McGill University)     2001-2003

西安大略大学学术研究奖(Research Grant)      2001

华中理工大学光华奖学金       1998-1999

 

研究活动:

组织委员会, 亚洲金融年会(Asia Finance Association),  2009-2016

组织委员会,欧洲金融管理协会亚洲研讨会(EFM Asia Conference),北京,2010 -2016

组织委员会,全美华人金融协会波士顿年会(TCFA annual Boston Conference),2008

中国金融国际年会, 2009,2010, 2011, 2012, 2013, 2014, 2015年

美国金融管理年会, 2012, 2014年

美国西部金融协会(Western Finance Association),2009, 2007年

美国金融协会(The American Finance Association),2016, 2011, 2007年,2006年

美国中西部金融协会(Mid West Finance Association),2007年

欧洲金融协会(European Finance Association),2009年

欧洲金融管理协会(European Financial Management Association),2008年-2014年

哈佛私募基金与风险投资会议(Harvard Private Equity and Venture Capital Conference),2007年

 

学术研究机构会员:

美国金融协会(American Finance Association),美国西部金融协会(Western Finance Association),美国金融管理协会(Financial Management Association ),全美华人金融协会(The Chinese Finance Association )

 

客座论文评审:

银行与金融期刊(Journal of Banking and Finance), 金融经济学期刊(Journal of Financial Economics), Journal of Corporate Finance, Review of Finance, Journal of Finance, etc.

 

公共讲座:

新加坡金融管理局和证券投资者保护协会公共讲座主讲嘉宾2008, 2009, 2010, 2011, 2012, 2013, 2014, 2015

“My Money Talk”- 由新加坡银行协会(Association of Banks in Singapore)及证券投资者协会(Singapore Investor’s Securities Association)共同举办

 

媒体引用: 

“Gluttons at the Gate”,商业周刊(Business Week),2006年10月30日,封面报道

“Private-Equity Deals Alter the Market”,华尔街日报(Wall Street Journal),2006年11月26日

“Flipping is a Flop for Investors”,金融时报(Financial Times),美国版,2006年9月20日

“Alternative Investment: Doing Well by Doing Good”经济学人(Economist),2006年9月28日

“IPOs of reverse LBOs not so bad after all”,养老金与投资(Pension and Investments),2006年10月30

“Should You Buy When Private Equity Sells?”,纽约时报(New York Times),2007年2月11日

哈佛商业评论(Harvard Business Review)

新加坡亚洲新闻台(Channel News Asia, Singapore)电视采访,2009年

新加坡传媒电视中文频道,特邀嘉宾

新加坡中华工商总会,keynote speaker, 2014

 

社会活动: 

新加坡武汉商会秘书长

新加坡电子商务协会副会长

 

研究成果

英文期刊:

  1. Jerry Cao, IPO Timing, Buyout Sponsors’ Exit Strategies and Firm Performance of RLBOs, Journal of Financial and Quantitative Analysis 46, 2011, Pages 1001-1024
  2. Jerry Cao, Josh Lerner, The Performance of Reverse Leveraged Buyouts, Journal of Financial Economics, 91, 2009, Pages 139-157   
  3. Jerry Cao, Gary Tian and Xiaofei Pan, State owned vs. privately owned firms: Whose CEOs are better compensated? Journal of Corporate Finance 17, 2011, pages 541-554.  
  4. Jerry Cao, Ding Yuan and Hua Zhang, Social Capital, Informal Governance, and Post-IPO Firm Performance: A Study of Chinese Entrepreneurial Firms, Journal of Business Ethics, 16, 2014, pages 1-20
  5. Jerry Cao, Gary Tian, Xiaofei Pan,Do venture capitalists play a monitoring role in an emerging market? Evidence from the pay-performance relationship of Chinese entrepreneurial firms, Pacific Basin Finance Journal, 26, 2014, pages 121-145 
  6. Jerry Cao, Douglas Cumming, Meijun Qian and Xiaoming Wang, Investor protections and cross-country LBOs, Journal of Banking and Finance, 50, 2015, pages 69-80.
  7. Jerry Cao, Douglas Cumming, Xiaoming Wang, One Child Policy and Family Business in China,  Journal of Corporate Finance, 33, 2015, Pages 317-329
  8. Xiaoming Wang, Jerry Cao, Qigui Liu,Jinghua Tang, Gary Tian, Disproportionate ownership structure and IPO long-run performance of non-SOEs in China, China Economic Review, 32, 2015, pages 27-42.
  9. Xiaping Cao, Meijun Qian, Mike Lemmon, Gary Tian, Political Connection and CEO Turnovers, Journal of Corporate Finance (Lead article), 42, 2017, pages 1-14.
  10. Bo Liu, Xiaping Cao, Tiecheng Leng, Sofia Johan, Venture Capital Investment in China and Liquidity Provision. Forthcoming, European Journal of Finance. 
  11. Xiaping Cao, Alex Zhou, Yuchen Wang, CCDI and Negative News Suppression in CHINA , Journal of Corporate Finance 49, 2018. Pages 186-203
  12. Xiaping Cao, Mike Lemmon, Meijun Qian, Gary Tian, Xiaofei Pan.  Political Promotion, CEO Compensation,
  13. And Their Effect on Firm Performance.  Management Science, 2018.
  14. Xiaping Cao, Konan Chan, Kathleen Khale.  Risk and performance of bonds sponsored by private equity 
  15. firms. Journal of Banking and Finance 93, 2018, Pages 41-53.

 

中文期刊:

钱雪松,康 瑾,唐英伦,曹夏平, 《中国工业经济》 产业政策、资本配置效率与企业全要素生产率——基于中国2009年十大产业振兴规划自然实验的经验研究 

 

当前研究

创新创业金融, 企业融资, 金融制度, 并购, IPO

 

工作论文:  

  1. Dual class and corporate innovation (with Jeremy Goh and Paul Malatesta)
  2. Political Promotion, CEO Compensation, and Their Effect on Firm Performance (Jerry Cao, Mike Lemmon, Gary Tian, Xiaofei Pan), present at AFA 2011, under review and resubmission at Management Science
  3. Innovation and Long Run Performance of Venture Capital Backed IPOs (with Fuwei Jiang, Jay Ritter)
  4. Information Content of Institutional Bidding in IPO Allocation (with Liu Bo, William Megginson, and Tiecheng Leng), submitted to JFE
  5. Government ownership and venture performance: Evidence from China (with Mark Humphrey-Jenter and Jo-Ann Suchard)
  6. Assessing the Effectiveness of Housing Purchase Restriction Policy in China: A Difference in Difference Approach (with Bihong Huang and Rose Lai)
  7. Political turnovers and corporate investment in China (with Brandon Julio, Tiecheng Leng, Sili Zhou), submitted 
  8. The performance of bonds sponsored by private equity firms (with Konan Chan and Kathleen Khal)
  9. Investor Protection and LBOs (with Jeremy Goh, Douglas Cumming, Meijun Qian, Xiaoming Wang)
  10. Governance Matter: Morningstar Stewardship Grades and Mutual Fund Performance (with Aurobindo Ghosh Jeremy Goh)
  11. Internal Debt Market and Business Groups in China (with Qian Xuesong)
  12. Political uncertainty and corporate value (with Tiecheng Leng, Alex Zhou and Elvis Yu)
  13. SOX and its impact on corporate innovation (with Jeremy Goh, Aurobindo Ghosh, Elvis Yu, Ted Tschang)