×

Xiang Gao

Assistant Professor of Finance

Dr. Xiang Gao is an assistant professor of finance at Loyola University Chicago’s Quinlan School of Business. His research examines how financial systems—including corporate bond markets and credit derivatives—affect firm behavior and risk dynamics over time. His work focuses on corporate finance, financial markets, and the role of innovation in financial intermediation, exploring how capital structures, debt maturity, and financial instruments shape decisions for firms and investors. He applies both traditional empirical methods and emerging techniques, including machine learning applications in finance.

Dr. Gao’s research has been published in leading academic journals, including Management Science, the Journal of Financial and Quantitative Analysis, and the Journal of Business Research. His work has also been featured by organizations such as the International Swaps and Derivatives Association (ISDA).

Education

  • State University of New York - Binghamton Ph.D. in Finance

Research Interests

  • Corporate Finance
  • Financial Markets and Institutions
  • Credit Risk and Fixed Income
  • Debt Maturity Structure

Courses Taught

  • FINC 334: Principles of Corporate Finance
  • FINC 336: Introduction to Derivatives
  • FINC 347: Financial Institutions
  • Financial Markets and Institutions
  • Principles of Investment
  • FINC 450: Financial Management
  • Investment Analysis and Portfolio Management
  • Managerial Finance
  • Management of Financial Institutions
  • FINC 334: Corporate Finance

Publications/Research Listings

'Alex Butler, Gao, Xiang, and Cihan Uzmanoglu. Maturity Clienteles and Corporate Bond Maturities. Journal of Financial and Quantitative Analysis, 58(3), 2023: 1263–1294.

Butler, Alex, Gao, Xiang, and Cihan Uzmanoglu. Financial Innovation and Financial Intermediation: Evidence from Credit Default Swaps. Management Science, 67(5), 2021: 3150–3173.

Gao, Xiang and John Topuz. Firm Location and Systematic Risk. Review of Accounting and Finance, 19(3), 2020: 387–409.

Chatterjee, Subimal, Sumantra Sarkar, Cihan Uzmanoglu, and Xiang Gao. Reacting to the Scope of a Data Breach: The Differential Role of Fear and Anger. Journal of Business Research, 101, 2019: 183–193.