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Shen, Tao 

Associate Professor, Department of Finance
   

 



Phone             (86) (10) 62794702
Email          
shentao@sem.tsinghua.edu.cn
Office             317 Weilun Building
Office Hours    Fri.  17:00-18:00

 

SHEN Tao is an associate professor of the Department of Finance in the School of Economics and Management, Tsinghua University. He received his Ph.D. in Finance from the University of Minnesota-Twin Cities in 2013. He received his Master degree of Economics, and Master degree of Statistics from the Georgia Institute of Technology in 2008. In 2006, SHEN Tao received his Bachelor of Finance from Nankai University, China. His research interests include corporate finance and financial market.


1.      "Investment and the Weighted Average Cost of Capital", with Murray Frank,  Journal of Financial Economics, Volume 119, Issue 2, February 2016, Pages 300-315, ISSN 0304-405X, dx.doi.org/10.1016/j.jfineco.2015.09.001

 

2.      "Private Equity Firm Heterogeneity and Cross-Border Acquisitions", with Hoan Soo Lee and Isaac Holloway, International Review of Economics and Finance, Volume 44, July 2016, Pages 118-141,  dx.doi.org/10.1016/j.iref.2016.04.001

 

3.       "Credit Spreads and Investment Opportunities", (solo author),  Review of Quantitative Finance and Accounting,  Volume 48, Issue 1, January 2017,  Pages 117-152,  dx.doi.org/10.1007/s11156-015-0545-x

 

4.       "Organized Labor and Loan Pricing: A Regression Discontinuity Design Analysis", with Yue Qiu, Journal of Corporate Finance, Volume 43, April 2017, Pages 407-428, dx.doi.org/10.1016/j.jcorpfin.2017.02.007

 

5.      “Shell Premium: Mispricing or Regulatory Risk?” with Yuanyu Qu and Weixing Wu, Journal of Financial Research (in Chinese), Volume 453, Issue 3, 2018, Pages 155–171

 

6.    “Shell Value of Listed Firms and the Efficiency of Asset Allocation” with Yuanyu Qu and Weixing Wu, Journal of Accounting Research (in Chinese), Issue 3, 2018, Pages 50–56

 

7.     “IPO or Reverse Merger: What Drive the Choice of Going Public”, with Yuanyu Qu and Weixing Wu, Management World (in Chinese), 34(09), 2018, Pages 130-142

 

8.      "Going Public in China: Reverse Mergers versus IPOs", with Charles M.C. Lee and Yuanyu Qu, Journal of Corporate Finance, Volume 58, October 2019, Pages 92-111, dx.doi.org/10.1016/j.jcorpfin.2019.04.003

 

9.       "Corporate Capital Structure Actions", with Murray Frank, Journal of Banking and Finance,  Volume 106, September 2019, Pages 384-402,  dx.doi.org/10.1016/j.jbankfin.2019.07.014 

 

10. “Death Valley and Exiting Trap of Chinese Start-up Companies”, with Charles M.C. Lee, Lin William Cong and Yuanyu Qu, Tsinghua Business Review (in Chinese), Issue 9, October 2019, Pages 34–40

 

11.  "Financing Entrepreneurship and Innovation in China", with Charles M.C. Lee, Lin William Cong and Yuanyu Qu, Foundations and Trends In Entrepreneurship,  Volume 16: No. 1, Pages 1-64, 2020,  dx.doi.org/10.1561/0300000095  

 

12.   “Short Selling, Agency, and Corporate Investment”, with Pedram Nezafat, and Qinghai Wang, Financial Management, accepted, 2020,  dx.doi.org/10.1111/fima.12317

 

13.  "The Pecking Order Theory of Capital Structure", with Murray Frank, and Vidhan Goyal, Oxford Research Encyclopedia of Economics and Finance. Oxford University Press,  accepted, 2020 dx.doi.org/10.1093/acrefore/9780190625979.013.606

 

14.  “The Geography of Information Acquisition”, with Honghui ChenYuanyu QuQinghai Wangand David Xiaoyu Xu, Journal of Financial and Quantitative Analysis, accepted, 2021

 

15.  “Geographic Proximity and Price Efficiency: Evidence from High-speed Railway Connections Between Firms and Financial Centers” with Hao Gao, and Yuanyu Qu, Financial Management, accepted, 2021.