Market valuation of green products

Speaker：Cao Jie, Professor, Hong Kong Polytechnic University

Host：Liu Yanchu, Professor, Lingnan College

Time and Date：10:00, September 28, 2026 (Monday)

Venue：C.S.LAM Conference Room (103), Lingnan Hall

Language：English + Chinese

Abstract：

This lecture focuses on the market valuation of green products, using green trademark data to identify corporate innovation in green products, and explores the logic underlying the stock market's valuation of companies' green commercialisation activities. The research finds that capital markets gradually incorporate the value information inherent in the commercialisation of green products; however, when green product activities signify a substantive green transition for a company, or when such activities are difficult to value, the phenomenon of an inadequate market response becomes more pronounced.

Profile:

Cao Jie is a Full Professor and PhD supervisor at the School of Accounting and Finance, the Hong Kong Polytechnic University. He obtained a Bachelor of Economics from Peking University and a PhD in Finance from the University of Texas at Austin, USA. He currently serves as Associate Editor of the leading international finance journal Financial Management, Associate Editor of the authoritative Asia-Pacific finance journal Asia-Pacific Journal of Financial Studies, Co-Editor-in-Chief of the core international finance journal The International Review of Finance, and a member of the editorial board of the Financial Analysts Journal, the industry's premier publication organised by the CFA Institute. His research focuses primarily on empirical asset pricing, financial derivatives and sustainable finance. His research findings have been published in leading international journals in the fields of finance and management, including the Journal of Financial Economics, the Review of Financial Studies, the Journal of Financial and Quantitative Analysis and Management Science.