Kairong Xiao
- Roger F. Murray Associate Professor of Business
- Finance Division
- Areas of Expertise
- Corporate Finance
- Contact
- Office: 741 Kravis
- E-mail: [email protected]
Professor Kairong Xiao is an associate professor of finance at Columbia Business School. His research interests span financial intermediation, industrial organization, and political economy. His research papers have been published in top finance and economics journals, including the Journal of Finance, the Review of Financial Studies, the Journal of Monetary Economics, and Management Science. He received numerous awards for research excellence, including the Review of Financial Studies Rising Scholar Award, the Journal of Finance Dimensional Fund Advisors Prize for Distinguished Paper, and the Review of Financial Studies Best Paper Award runner-up.
- Education
-
Ph.D., University of British Columbia, Finance 2017; M.A., University of British Columbia, 2011; B.A., University of Hong Kong, Economics and Finance, 2010
- Joined CBS
- 2017
All Activities
- Type
-
Journal Article
.
“Watch what they do, not what they say: Estimating regulatory costs from revealed preferences .”
Review of Financial Studies
(Forthcoming).
- Type
-
Journal Article
.
“Mutual Fund Liquidity Transformation and Reverse Flight to Liquidity .”
Review of Financial Studies
(January 01, 2022).
- Type
-
Journal Article
.
“ Bank Market Power and Monetary Policy Transmission: Evidence from a Structural Estimation .”
Journal of Finance
(January 01, 2022).
- Type
-
Journal Article
.
“Monetary Policy and Reaching for Income.”
Journal of Finance
(January 01, 2021).
- Type
-
Journal Article
.
“Low Interest Rates and Risk Incentives for Banks with Market Power .”
Journal of Monetary Economics
(January 01, 2021).
- Type
-
Working Paper
.
The Shadow Cost of Collateral. Forthcoming.
- Type
-
Working Paper
Xiao, Kairong and Suresh Sundaresan
.
Unintended Consequences of Liquidity Regulation . Forthcoming.
- Type
-
Working Paper
Xiao, Kairong and Suresh Sundaresan
.
Liquidity Regulation and Banks: Theory and Evidence. Forthcoming.
- Type
-
Working Paper
.
Will Central Bank Digital Currency Disintermediate Banks? Forthcoming.
- Type
-
Working Paper
.
Nonbank Fragility in Credit Markets: Evidence from a Two-Layer Asset Demand System,. Forthcoming.
- Type
-
Working Paper
.
The Value of Big Data in a Pandemic,. Forthcoming.
- Type
-
Working Paper
Xiao, Kairong and Adrien Alvero
.
Fuzzy Bunching. Forthcoming.
- Type
-
Working Paper
.
Regulatory Costs of Being Public: Evidence from Bunching Estimation. Forthcoming.
- Type
-
Working Paper
.
Liquidity Regulation and Banks: Theory and Evidence. January 28, 2022.
- Type
-
Working Paper
.
Bank Debt versus Mutual Fund Equity in Liquidity Provision. February 01, 2021.
- Type
-
Working Paper
.
Monetary Transmission through Shadow Banks. January 01, 2018.
- Type
-
Working Paper
.
Factions in Nondemocracies: Theory and Evidence from the Chinese Communist Party . December 17, 2017.
- Type
-
Newspaper/Magazine Article
.
“Mutual Fund Liquidity Transformation and Reverse Flight to Liquidity.”
The Review of Financial Studies
.
Forthcoming.
- Type
-
Newspaper/Magazine Article
Trebbi, Francesco and Kairong Xiao
.
“Regulation and Market Liquidity.”
Management Science
.
Forthcoming.
- Type
-
Chapter
.
“Saving Lives versus Saving Livelihoods: Can Big Data Technology Solve the Pandemic Dilemma?”
In
the collective volume of ABFER 2020 Pandemic “Commentaries COVID-19: Collective Learning from the East”
,
Forthcoming.
- Type
- Course
B6301: Foundations of Valuation
- Type
- Course
B6302: Corporate Finance (Half-Term)
- Date
The XiYue Award
- Date
JF Dimensional Fund Advisors Prize
with Kent Daniel and Lorenzo Garlappi
- Date
The Wharton--Rodney L. White Center 2019 Conference
with Kent Daniel and Lorenzo Garlappi
- Date
The Utah Winter Finance Conference 2022
with Michael Ewwns and Ting Xu
FMA Conference Best Paper Awards
with Suresh Sundaresan
- Date
LBS summer symposium
- Type
- In the Media
- Type
- In the Media
- Type
- In the Media
- Type
- In the Media
- Type
- In the Media