Dr. Bin Zhao is a lecturer in finance at Thammasat Business School. Before this, Dr. Zhao has worked as assistant professor in finance at NYU Shanghai and Shanghai Advanced Institute of Finance, Shanghai Jiaotong University. Dr. Zhao’s research interest is on behavioral finance, Chinese stock market, and Thailand stock market. Dr. Zhao was in the join research plan of Shanghai Stock Exchange, she also had consulting experience for investment bank and hedge fund.

Doctor of Philosophy (Finance), University of Wisconsin- Madison, USA
Master of Science (Agricultural Economics), Cornell University, USA
Master of Science (Agricultural Economics), Imperial College of Science, Technology and Medicine, University of London, UK
Bachelor of Agriculture (Pomology Science), China Agricultural University), China

PUBLICATION

Unveiling investors' substitution behavior: Stock trading decisions in response to housing market dynamics
Journal of Corporate Finance, 2024(86), 102590
(with Yiqing Lv and Ning Zhu)

Corporate Actions and the Manipulation of Retail Investors in China: analysis of stock splits 
Journal of Financial Economics,  2022, 145(3): 762-787
(with Sheridan Titman and Chishen Wei)

Does Good Luck Make People Overconfident? Evidence from a Natural Experiment in the Stock Market 
(with Huasheng Gao and Donghui Shi)
Journal of Corporate Finance, 2021 

Trading for Status
(with Harrison Hong, Wenxi Jiang, and Na Wang)
Review of Financial Studies, 2014, 27(11): 3171-3212

The Nelson–Siegel Model of the Term Structure of Option Implied Volatility and Volatility Components
(with Biao Guo and Qian Han)
Journal of Futures Markets, 2014, 34(8): S788-806S

高送转现象研究（Research on Stock Split）
上海证券交易所联合研究计划 （Joint-Research Plan with Shanghai Stock Exchange）
http://www.sse.com.cn/aboutus/research/jointresearch/c/3990530.pdf

A股市场的风险性分析及国际对比 （China A-Share Market Risk and International Comparison）(with Ning Zhu)
上海证券交易所联合研究计划 （Joint-Research Plan with Shanghai Stock Exchange）

WORKING PAPER

Impact on Trading from Covid-19—Evidence from Thailand Stock Exchange
(with Pantisa Pavabutr)

Discretionary Stock Trading Suspension
(with Jennifer Huang, Donghui Shi and Zhongzhi Song)

Does Diversity Lead to Diverse Opinions? Evidence from Languages and Stock Markets
(with Yen-cheng Chang, Harrison Hong, Larissa Tieden and Na Wang)

Familiarity, Convenience, and Commodity Money: Spanish and Mexican Silver Dollars in Qing and Republican China
(with Warren Bailey)

PRESENTATIONS

2024 Asian FA
2022 China International Conference in Finance
2021 FMA, Asian FA
2019 Thammasat University, China International Conference in Finance
2018 Australasian Finance and Banking Conference, New Zealand Finance Meeting, NYU Stern, FMA Asia, Summer Institute of Finance, NBER-China Working Group, 2018 China International Forum on Finance and Policy
2017 NYU Shanghai, FISF Fudan University
2016 Renmin University, China International Conference in Finance, 2nd Annual Volatility Institute Conference at NYU Shanghai 
2015 Shanghai Stock Exchange, AEA, University of New South Wales, University of Technology Sydney, China Finance Review International (session key-note speech), discussant at First Finance Workshop at CEIBS, discussant at China International Conference in Finance, 1st Annual Volatility Institute Conference at NYU Shanghai 
2014 NYU-SJTU Conference in Shanghai, FMA-Tokyo, NBER China Working Group, WFA, EFMA, EFA 
2013 Symposium on China’s Financial Markets, China International Conference in Finance, Fudan University, Xiamen University
2012 Hong Kong University of Science and Technology, Southwest University of Finance and Economics, China International Conference in Finance, Summer Institute of Finance, Symposium on China’s Financial Markets, NBER China Working Group 
2011 China International Conference in Finance, Third Behavior Finance Conference in Beijing University, Fudan University
2010 Shanghai Advanced Institute of Finance, Iowa State University, Shanghai University of Finance and Economics, Central University of Finance and Economics, University of International Business and Economics