Prof. LI Tao (李濤)

• Equilibrium Asset Pricing
• Derivatives
• Term Structure and Credit Risk
• Contract Theory

Working Papers

• Kerry Back, Kevin Crotty, Tao Li (2016), "Estimating Information Asymmetry in Securities Markets".
• Jeongmin Lee, Tao Li, Mark Loewenstein (2015), "Asset Pricing in a Large Economy".
• Haitao Li, Tao Li, Xuewei Yang (2014), "A Rating-Based Sovereign Credit Risk Model: Theory and Evidence".
• Tao Li and Mark Loewenstein (2014), "Does Speculative Activity Have Real Effects?".
• Kerry Back, Tao Li, Alexander Ljungqvist (2013), "Liquidity and Governance", NBER Working Paper No. w19669, CEPR Discussion Paper No. DP9739.
• Kerry Back, Kevin Crotty, Tao Li (2013), "Estimating the Order-Flow Component of Security Returns".

• Charles River Associates Awards for the Best Paper on Corporate Finance - Western Finance Association 2014 Annual Meeting
• Global Association of Risk Professionals (GARP) Risk Management Award - European Financial Management Association 2014 Annual Meeting

Participating in or organising a conference / an event

Presented Conference Papers

• Kerry Back, Kevin Crotty, Tao Li (2016), "Identifying Information Asymmetry in Securities Markets", presented at ASU Sonoran Winter Finance Conference 2016, UBC Winter Finance Conference 2016, AFA 2017.
• Haitao Li, Tao Li, Xuewei Yang (2016), "Sovereign CDS Spreads with Credit Ratings", presented at WFA 2016, AFA 2017.
• Kerry Back, Pierre Collin-Dufresne, Vyacheslav Fos, Tao Li, Alexander Ljungqvist (2016), "Activism, Strategic Trading, and Liquidity", presented at WFA 2016.
• Tao Li and Mark Loewenstein (2015), "Does Speculative Activity Have Real Effects?", presented at CICF (2015), EFA (2015), Scheduled for 2017 AEA Poster Session.
• Haitao Li, Tao Li, Xuewei Yang (2014), "A Rating-Based Sovereign Credit Risk Model: Theory and Evidence", presented at ASSA 2014 (Econometric Society), CICF (2014), EFMA (2014), Global Association of Risk Professionals (GARP) Risk Management Award (EFMA 2014).
• Kerry Back, Tao Li, Alexander Ljungqvist (2014), "Liquidity and Governance", presented at WFA (2014), Charles River Associates Awards for the Best Paper on Corporate Finance (WFA 2014).
• Haitao Li, Tao Li, Cindy Yu (2013), "Optimal Monetary Policy and Term Structure in A Continuous-Time DSGE Model: Theory and Evidence", presented at ESAM 2013.
• Tao Li (2012), "Insider Trading with Uncertain Informed Trading", presented at WFA 2012, WFC 2012, CICF 2012.