Academic Profile

Academic Profile

Assoc Prof Luo Jiang

Associate Professor, College of Business (Nanyang Business School) - Division of Banking & Finance

Assoc Prof Luo Jiang

Associate Professor Jiang Luo received his PhD in finance from UCLA in 2001. He started his academic career at HKUST, and then joined Nanyang Technology University in 2006. His earlier academic research was primarily in corporate finance theory. He published several papers on capital budgeting, executive compensation, and entrepreneurship at journals including Journal of Financial Economics, Review of Financial Studies, and Review of Accounting Studies.

In recent years, he has been working on understanding the effects of investor psychology on financial markets. His paper "Momentum and reversals when overconfident investors underestimate their competition” is forthcoming at Review of Financial Studies.
Research Interests
Innovation; Effects of investor psychology on financial markets
Current Projects
  • An Analysis of Mergers and Acquisitions of Mutual Fund Families: The Determinants and Subsequent Impacts on Fund Investor Interests
  • Budgeting and Compensation in a Speculative Market
  • Financial Market Equilibrium When Information is Asymmetric and Stock Ownership is a Consumption Good
  • Growth and Compensation
Selected Publications
  • Jiang Luo, Avanidhar Subrahmanyam, and Sheridan Titman. (2019). Momentum and reversals when overconfident investors underestimate their competition. The Review of Financial Studies, accepted.
  • Jiang Luo and Zheng Qiao. (2019). Individual commitment and team performance: Evidence from mutual fund managers. Journal of Financial and Quantitative Analysis, accepted.
  • Deqiu Chen, Huasheng Gao, Jiang Luo, and Yujing Ma. (2019). The effects of rural–urban migration on corporate innovation: Evidence from a natural experiment in China. Financial Management, accepted.
  • Jiang Luo and Avanidhar Subrahmanyam. (2019). Asset pricing when trading is for entertainment. Review of Behavior Finance, 11(2), 220-264.
  • Jiang Luo and Avanidhar Subrahmanyam. (2019). The affect heuristic and stock ownership: A theoretical perspective. Review of Financial Economics, accepted, awarded prize for the best paper in 2019.

« Back to Research Directory