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Grace Hao

Name

[Hao, Grace]
  • Assoc Prof, Department of Finance and Real Estate

Professional Preparation

    • 2005 PhD in FinanceUniversity of Florida
    • 2000 Master of Science in Business/FinanceUniversity of Kansas
    • 1998 Master of Engineering Tianjin University (China)
    • 1996 Bachelors of Engineering/ Arts (Dual Degree) Tianjin University (China)
    • 2007 CFA Charter Awarded CFA Institute

Appointments

    • Aug 2013 to Present Associate Professor of Finance
      University of Texas-Arlington
    • Aug 2005 to May 2013 Assistant Professor of Finance
      University of Missouri-Columbia

Research and Expertise

  • IPOs, SEOs, Investment banking, Informed trading

    Initial public offerings (IPOs), Seasoned equity offerings (SEOs), Investment banking (mergers and acquisitions, equity issues), Informed trading

Publications

      Journal Article Forthcoming
      • “Short Selling Around the Expiration of IPO Share Lockups” (with Michael Gibbs) Journal of Banking and Finance, 88, 2018, Pages 30-43. (Available at journal website)

        {Journal Article} [Refereed/Juried]

      Journal Article 2016
      • "The Bright Side of Discretionary Accruals: Evidence from Finance and Innovation" (With Keming Li) European Financial Management, 22, 2016, Pages 540-575 (Available at journal website)

        {Journal Article} [Refereed/Juried]
      2016
      • “Is There Information Leakage Prior to Share Repurchase Announcements? Evidence from Daily Options Trading” Journal of Financial Markets, 27, 2016, Pages 79-101. (Available at journal website)

        {Journal Article} [Refereed/Juried]

      Journal Article 2014
      • "Institutional Shareholder Investment Horizons and Seasoned Equity Offerings" Financial Management, 43(1), 2014, Pages 87-111. (Available at journal website)

        {Peer Reviewed} [Refereed/Juried]

      Journal Article 2013
      • "The Effect of Issuer Conservatism on IPO Pricing and Performance" (with Stephen Ferris and Stella Liao) Review of Finance, 17(3), 2013, Pages 993-1027. (Available at journal website and SSRN ).

        {Peer Reviewed} [Refereed/Juried]

      Journal Article 2012
      • "The Performance of Investment Bank Affiliated Mutual Funds: Conflicts of Interest or Informational Advantage?" (with Sterling Yan) Journal of Financial and Quantitative Analysis, 47(3), 2012, Pages 537 - 565.  (Available at journal website and SSRN).

        {Peer Reviewed} [Refereed/Juried]
      2012
      • "Are Hedge Funds Guilty of Manipulative Short-selling?" (with K. Stephen Haggard and Ying Jenny Zhang) Managerial Finance, 38(11), 2012, Pages 1048 - 1066. (Available at journal website).

        {Peer Reviewed} [Refereed/Juried]

      Book Chapter 2011
      • "The Information Content of Short Selling before Macroeconomic Announcements." (with Paul Brockman), Chapter 39, in G. N. Gregoriou, eds.: Handbook of Short Selling (Elsevier Inc.), 2011, Pages 565-576. (Available at Google Books ).

        {Peer Reviewed} [Refereed/Juried]

      Journal Article 2011
      • “The Relation between Short Selling and Price Discovery: Evidence from American Depository Receipts.” (with Paul Brockman) Journal of Financial Research, 34(4), Winter 2011, Pages 569-588. (Available at journal website and SSRN ).

        {Peer Reviewed} [Refereed/Juried]
      2011
      • "Insider Trading Law Enforcement and Gross Spreads of ADR IPOs." (with Hsuan-Chi Chen) Journal of Banking and Finance, 35(8), August 2011, Pages 1907-1917. (Available at journal website).

        {Peer Reviewed} [Refereed/Juried]
      2011
      • "Securities Litigation, Withdrawal Risk, and Initial Public Offerings." Journal of Corporate Finance, 17(3), June 2011, Pages 438-456. (Available at journal website).

        {Peer Reviewed} [Refereed/Juried]
      2011
      • “Does Merger Structure Matter?” (with John S. Howe) Managerial Finance, 37(12), 2011, Pages 1112 - 1136. [Lead article] (Available at journal website and SSRN).

                                                                             ------Winner of the journal’s Highly Commended Award for outstanding papers published in 2011.

        {Peer Reviewed} [Refereed/Juried]

      Journal Article 2007
      • "Laddering in Initial Public Offerings." Journal of Financial Economics, 85(1), July 2007, Pages 102-122. (Available at journal website ).                                                                                               ------Winner of the Fama-DFA Prize for Best Paper published in 2007 in the Journal of Financial Economics in the areas of capital markets and asset pricing.

        {Peer Reviewed} [Refereed/Juried]

Courses

      • FINA 4315-003 ADVANCED BUSINESS FINANCIAL ANALYSIS

        To develop an ability to recognize financial problems, collect and analyze financial data, formulate alternative solutions, and render financial decisions. Case materials are used in studying financial problems. Team projects and presentations are required. We cover investment rules, capital budgeting, valuation of assets, corporate financing, mergers and acquisitions, and corporate payout policy.

        Fall - Regular Academic Session - 2017 Download Syllabus Contact info & Office Hours
      • FINA 5311-001 Business Financial Management

        Students will learn corporate financial theory and apply the techniques to make investment, financing and payout decisions. 

        Fall - Regular Academic Session - 2017 Download Syllabus Contact info & Office Hours
      • FINA 5311-001 Business Financial Management

        Students will learn corporate financial theory and apply the techniques to make investment, financing and payout decisions. 

      • FINA 4315-001 ADVBUSINESS FINANCIAL ANALYSIS

        To develop an ability to recognize financial problems, collect and analyze financial data, formulate alternative solutions, and render financial decisions. Case materials are used in studying financial problems. Team projects and presentations are required. We cover investment rules, capital budgeting, valuation of assets, corporate financing, mergers and acquisitions, and corporate payout policy.

        Fall - Regular Academic Session - 2016 Download Syllabus Contact info & Office Hours
      • FINA 4315-003 ADVANCED BUSINESS FINANCIAL ANALYSIS

        To develop an ability to recognize financial problems, collect and analyze financial data, formulate alternative solutions, and render financial decisions. Case materials are used in studying financial problems. Team projects and presentations are required. We cover investment rules, capital budgeting, valuation of assets, corporate financing, mergers and acquisitions, and corporate payout policy.

        Fall - Regular Academic Session - 2016 Download Syllabus Contact info & Office Hours
      • FINA 4315-001 ADVBUSINESS FINANCIAL ANALYSIS

        To develop an ability to recognize financial problems, analyze financial data, formulate alternative solutions, and render financial decisions. Case materials are used in studying financial problems.

        Spring - Regular Academic Session - 2016 Download Syllabus Contact info & Office Hours
      • FINA 4315-002 Advanced Financial Business Analysis

        To develop an ability to recognize financial problems, analyze financial data, formulate alternative solutions, and render financial decisions. Case materials are used in studying financial problems.

        Spring - Regular Academic Session - 2016 Download Syllabus Contact info & Office Hours
      • FINA 4315-001 ADVBUSINESS FINANCIAL ANALYSIS

        To develop an ability to recognize financial problems, analyze financial data, formulate alternative solutions, and render financial decisions. Case materials are used in studying financial problems.

        Fall - Regular Academic Session - 2015 Download Syllabus Contact info & Office Hours
      • FINA 4315-003 ADVANCED BUSINESS FINANCIAL ANALYSIS

        To develop an ability to recognize financial problems, analyze financial data, formulate alternative solutions, and render financial decisions. Case materials are used in studying financial problems.

        Fall - Regular Academic Session - 2015 Download Syllabus Contact info & Office Hours
      • FINA 4315-001 ADVANCED BUSINESS FINANCIAL ANALYSIS

        To develop an ability to recognize financial problems, analyze financial data, formulate alternative solutions, and render financial decisions. Case materials are used in studying financial problems.

        Spring - Regular Academic Session - 2015 Download Syllabus Contact info & Office Hours
      • FINA 4315-003 ADVANCED BUSINESS FINANCIAL ANALYSIS

        To develop an ability to recognize financial problems, analyze financial data, formulate alternative solutions, and render financial decisions. Case materials are used in studying financial problems.

        Spring - Regular Academic Session - 2015 Download Syllabus Contact info & Office Hours
      • FINA 4315-001 ADVANCED BUSINESS FINANCIAL ANALYSIS

        To develop an ability to recognize financial problems, analyze financial data, formulate alternative solutions, and render financial decisions. Case materials are used in studying financial problems.

        Fall - Regular Academic Session - 2014 Download Syllabus Contact info & Office Hours
      • FINA 4315-003 ADVANCED BUSINESS FINANCIAL ANALYSIS

        To develop an ability to recognize financial problems, analyze financial data, formulate alternative solutions, and render financial decisions. Case materials are used in studying financial problems.

        Fall - Regular Academic Session - 2014 Download Syllabus Contact info & Office Hours
      • FINA 4315-001 ADVANCED BUSINESS FINANCIAL ANALYSIS

        To develop an ability to recognize financial problems, analyze financial data, formulate alternative solutions, and render financial decisions. Case materials are used in studying financial problems.

        Spring - Regular Academic Session - 2014 Download Syllabus Contact info & Office Hours
      • FINA 4315-003 ADVANCED BUSINESS FINANCIAL ANALYSIS

        To develop an ability to recognize financial problems, analyze financial data, formulate alternative solutions, and render financial decisions. Case materials are used in studying financial problems.

        Spring - Regular Academic Session - 2014 Download Syllabus Contact info & Office Hours
      • FINA 4315-001 ADVBUSINESS FINANCIAL ANALYSIS

        To develop an ability to recognize financial problems, analyze financial data, formulate alternative solutions, and render financial decisions. Case materials are used in studying financial problems.

        Fall - Regular Academic Session - 2013 Download Syllabus Contact info & Office Hours