Haibei Zhao, Ph.D., holds the Theodore A. Lauer Professorship of Investments


Shandong University, B.S.
Chinese Academy of Sciences, M.S.
Virginia Tech, M.A.
Georgia State University, Ph.D.

Research Interests


Professor Zhao’s research focuses primarily on asset management and investor behavior on the financial market.  


  • Hedge Funds: The Good, the Bad, and the Lucky, with Yong Chen and Mike Cliff, Journal of Financial and Quantitative Analysis 52, 1081−1109.
  • Interfund Lending in Mutual Fund Families: Role in Liquidity Management, with Vikas Agarwal, forthcoming, Review of Financial Studies.

Working Papers

  • Corruption Perceptions and Capital Fragility: Evidence from Hedge Funds Around the World, with George Aragon and Vikram Nanda.
  • Violence and investor behavior: Evidence from terrorist attacks, with Vikas Agarwal and Ghosh Pulak.
  • What are the Actual Effects of Liquidity Buffers? Evidence from the Mutual Fund Industry, with Vikas Agarwal.
  • Does Job Security Concern Acquiring Managers? with Chen Cai and Di Li.


Personal Website