Tao Li

Tao Li

  • Bank of America Professor
  • Associate Professor

Location

  • Warrington College of Business
  • Eugene F. Brigham Finance, Insurance and Real Estate Department
  • Stuzin Hall 308

Expertise and interest areas

  • Corporate Governance
  • Financial Institutions
  • FinTech
  • Hedge Funds

News

Courses taught

  • Financial Management (FIN4414)
  • Special Topics (FIN4934)
  • Special Topics in Finance (FIN6930)

Education

  • PhD – Economics, Columbia University, 2013
  • MA – Statistics, Columbia University, 2008
  • BA – Architecture, Tongji University, 2004

PhD students advised

  • Boyu Wang — 2024 — Current
  • Zikui Pan — 2024 — Current
  • Lan Le — 2023 — 2023
  • Beatrice Chang — 2022 — 2022
  • Boyuan Li — 2022 — 2022

Professional service

  • Committee Member, FMA Annual Meeting — 2025 to Present
  • Session Chair, American Finance Association Annual Meeting — 2026
  • Committee Member, Crypto and Blockchain Economics Research (CBER) Conference — 2021 to 2025
  • Committee Member, FMA Consortium on Asset Management — 2024 to 2025
  • Committee Member, Tokenomics Conference — 2024
  • Journal Referee, Journal of Financial Economics — 2019 to 2024
  • Journal referee, Management Science — 2018 to 2024
  • Journal Referee, Review of Economic Studies — 2024
  • Journal Referee, Review of Financial Studies — 2017 to 2024
  • Track Organizer, Eastern Finance Association — 2023 to 2024
  • Journal Referee, Journal of Finance — 2022 to 2023
  • Journal referee, Journal of Financial and Quantitative Analysis — 2021 to 2023
  • Journal referee, Review of Accounting Studies — 2023
  • Session Chair, European Finance Association — 2023
  • Committee Member, 8th ICGS Conference (Corporate Governance in a Digital Era) — 2022
  • Committee Member, UF Research Conference on Machine Learning in Finance — 2022
  • Journal referee, Journal of Accounting Research — 2022
  • Journal referee, Review of Finance — 2021 to 2022
  • Session Chair, 8th ICGS Conference (Corporate Governance in a Digital Era) — 2022
  • Committee Member, Florida Finance Conference — 2021
  • Committee Member, Inaugural Hogeg Blockchain Research Institute Conference — 2021
  • Journal referee, American Economic Journal: Microeconomics — 2021
  • Committee Member, Best Paper Award Review Committee for the 2020 FMA Conference — 2020
  • Committee Member, Midwest Finance Association Program Committee — 2020

Journal article publications

  • Carbon Offsets: Decarbonization or Transition-Washing?
    • Status: 1st Revise and Resubmit
    • Journal: Journal of Finance
    • Published Year: 2025
    • Authors: Sehoon Kim, Tao Li, Yanbin Wu
  • Variable Deposit Betas and Bank Interest Rate Risk Exposure
    • Status: Accepted
    • Journal: Journal of Financial Intermediation
    • Accepted Year: 2025
    • Authors: Tao Li, Christopher James, M Emin
  • Institutional Synergies and the Fragility of Loan Funds
    • Status: 3rd Revise and Resubmit
    • Journal: Review of Financial Studies, The
    • Authors: Christopher James, Mustafa Emin, Tao Li, Jing lu
  • Cryptocurrency Pump-and-Dump Schemes
    • Status: Accepted
    • Journal: Journal of Financial and Quantitative Analysis
    • Accepted Year: 2024
    • Authors: Tao Li, Donghwa Shin, Baolian Wang
  • Shareholder Monitoring Through Voting: New Evidence from Proxy Contests
    • Status: Published
    • Journal: Review of Financial Studies, The
    • Accepted Year: 2023
    • Author: Tao Li
  • CEO Compensation, Stakeholders, and Fairness: Evidence from the COVID-19 Pandemic
    • Status: Working Paper
    • Author: Tao Li
  • Power Tussle: Hedge Fund Activists and Short Sellers
    • Status: Working Paper
    • Authors: Tao Li, Pedro Saffi, Daheng Yang
  • Social Networks and Investor Beliefs: Evidence from the Municipal Bond Market
    • Status: Working Paper
    • Authors: Tao Li, Jing Lu
  • Social Networks and Hedge Fund Activism
    • Status: Published
    • Journal: Review of Finance
    • Published Year: 2022
    • Authors: Tao Li, Ellen He
  • Conflicting Objectives of ESG Funds: Evidence from Proxy Voting
    • Status: Working Paper
    • Author: Tao Li
  • Institutional Synergies and the Fragility of Loan Funds
    • Status: 2nd Revise and Resubmit
    • Journal: Review of Financial Studies, The
    • Author: Tao Li
  • Consumer Behavior and Food Prices during the COVID-19 Pandemic: Evidence from Chinese Cities
    • Status: Published
    • Journal: Economic Inquiry
    • Published Year: 2022
    • Authors: Tao Li, Bixuan Yang, Frank Asche
  • The Wisdom of Crowds in FinTech: Evidence from Initial Coin Offerings
    • Status: Published
    • Journal: The Review of Corporate Finance Studies
    • Published Year: 2022
    • Authors: Tao Li, Donghwa Shin, Jongsub Lee
  • The Long Rise and Quick Fall of Appraisal Arbitrage
    • Status: Published
    • Journal: Boston University Law Review
    • Published Year: 2020
    • Authors: Tao Li, Randall Thomas, Wei Jiang
  • Investor Ideology
    • Status: Published
    • Journal: Journal of Financial Economics
    • Published Year: 2020
    • Authors: Tao Li, Bolton Patrick, Enrichetta Ravina, Howard Rosenthal
  • The Value of Access to Rail Transit in a Congested City: Evidence from Housing Prices in Beijing
    • Status: Published
    • Journal: Real Estate Economics
    • Published Year: 2020
    • Author: Tao Li
  • Seeking Out Non-Public Information: Sell-Side Analysts and the Freedom of Information Act
    • Status: Published
    • Journal: Accounting Review
    • Published Year: 2020
    • Authors: Tao Li, April Klein, Bobo Zhang