Biography
Xiaohui Gao Bakshi’s research explores empirical corporate finance; theoretical and empirical asset pricing; behavioral finance; entrepreneurship; and international finance. She has published in the Journal of Financial Economics, Review of Financial Studies, Operations Research, Journal of Financial and Quantitative Analysis, Management Science, and Mathematical Finance.
She won the 2013 Journal of Financial and Quantitative Analysis William F. Sharpe Award, and first prize of the 2010 Journal of Financial Economics Jensen Prizes for Corporate Finance and Organizations. Her research can be accessed at https://sites.google.com/site/xiaohuigaobakshi/.
Xiaohui earned her Ph.D. in Finance from the University of Florida, where she also attained a Master of Science in Mathematics. She received a Bachelor of Science in Mathematics from Fudan University.
Xiaohui Gao Bakshi also serves as the Assistant Director of the FOX-Tsinghua Doctoral of Science in Global Finance program.
Research Interests
- Derivatives
- Commodities
- Theoretical and Empirical Asset Pricing
- Empirical Corporate Finance
- Behavioral Finance
- Entrepreneurship
- International Finance
Courses Taught
Number | Name | Level |
|---|---|---|
FIN 4596 | Seminar in Corporate Finance | Undergraduate |
BA 9683 | Research Project I | Graduate |
BA 9783 | Research Project II | Graduate |
FIN 9002 | Empirical Research in Corporate Finance | Graduate |
Selected Publications
Recent
Bakshi, G., Crosby, J., Gao, X., & Hansen, J.W. (2023). Treasury option returns and models with unspanned risks. Journal of Financial Economics, 150(3), 103736-103736. Elsevier BV. doi: 10.1016/j.jfineco.2023.103736.
Bakshi, G., Gao, X., & Xue, J. (2023). Recovery with Applications to Forecasting Equity Disaster Probability and Testing the Spanning Hypothesis in the Treasury Market. Journal of Financial and Quantitative Analysis, 58(4), 1808-1842. Cambridge University Press (CUP). doi: 10.1017/s0022109022000758.
Bakshi, G., Crosby, J., & Gao, X. (2022). Dark Matter in (Volatility and) Equity Option Risk Premiums. Operations Research, 70(6), 3108-3124. Institute for Operations Research and the Management Sciences (INFORMS). doi: 10.1287/opre.2022.2360.
Bakshi, G., Gao, X., & Zhong, Z. (2022). Decoding Default Risk: A Review of Modeling Approaches, Findings, and Estimation Methods. Annual Review of Financial Economics, 14(1), 391-413. Annual Reviews. doi: 10.1146/annurev-financial-111720-090709.
Bakshi, G., Gao, X., & Panayotov, G. (2021). A theory of dissimilarity between stochastic discount factors. Management Science, 67(7), 4602-4622. doi: 10.1287/mnsc.2020.3690.
Bakshi, G., Gao, X., & Rossi, A. (2019). Understanding the sources of risk underlying the cross section of commodity returns. Management Science, 65(2), 619-641. doi: 10.1287/mnsc.2017.2840.