Gang Hu is an is an Associate Professor at School of Accounting and Finance, Hong Kong Polytechnic University. Dr. Hu specializes in the study of institutional investors and trading, corporate finance and financial intermediation, IPOs, SEOs and VCs, and accounting. His research has been presented at such leading academic conferences as NBER, AFA, WFA, AAA, and FARS Mid-Year meetings. He has received research grants from Yale, INQUIRE, Morgan Stanley, and NYSE. He has won several research awards including the WFA NASDAQ Award, 1st Prize at the Chicago Quantitative Alliance (CQA) academic competition, and best paper awards from Eastern Finance Association, Asian Finance Association, World Accounting and Finance Conference, and Coller Institute of Venture.
Dr. Hu serves as the Executive Editor of China Accounting and Finance Review (CAFR), and a Special Issue Guest Editor for Journal of Corporate Finance (JCF). He has published his research widely in academic journals, practitioner journals, and books, including Review of Financial Studies, Journal of Financial Economics, Journal of Financial and Quantitative Analysis, Journal of Corporate Finance, Journal of Financial Markets, Journal of Financial Intermediation, Journal of Accounting, Auditing and Finance, Journal of Business Finance and Accounting, Journal of Financial Research, Financial Analyst Journal, and a book chapter published by Brookings Institution.
Prior to joining PolyU, Dr. Hu was an Associate Professor of Finance at Babson College. During sabbatical from Babson, Dr. Hu served as an expert for securities fraud class-action litigation cases involving Chinese Reverse Merger companies delisted from U.S. markets. Before pursuing an academic career, Dr. Hu worked as a Quantitative Trade Analyst at Fidelity Management & Research Company's Global Equity Trading group. He holds a Ph.D. in Finance from Boston College and a B.E. in System Engineering from Tianjin University. He is a CFA charter holder.
"Institutional Trading and Abel Noser Data," with Koren Jo, Yi Alex Wang, and Jing Xie, Journal of Corporate Finance, forthcoming.
“Can Transient Institutions Correctly Interpret Small Negative Earnings Surprises in the Absence of Access to Management’s Private Information?” with Bin Ke and Yong Yu, Journal of Accounting, Auditing and Finance 33, 2018, 3-33 (Lead Article).
“Institutional Investors and the Information Production Theory of Stock Splits,” with Thomas Chemmanur and Jiekun Huang, Journal of Financial and Quantitative Analysis 50, 2015, 413-445.
- Harvard Law School Forum on Corporate Governance and Financial Regulation.
“The Year-End Trading Activities of Institutional Investors: Evidence from Daily Trades,” with R. David McLean, Jeffery Pontiff, and Qinghai Wang, Review of Financial Studies 27, 2014, 1593-1614.
- AFA 2010. Summarized by CFA Digest.
“The Role of Institutional Investors in Initial Public Offerings,” with Thomas Chemmanur and Jiekun Huang, Review of Financial Studies 23, 2010, 4496-4540.
- WFA 2007 NASDAQ Award. Cited in SEC Chairman’s letter to U.S. Congress.
“Costly Arbitrage and Idiosyncratic Risk: Evidence from Short Sellers,” with Ying Duan and R. David McLean, Journal of Financial Intermediation 19, 2010, 564-579.
- WFA 2006, 1st Prize CQA 2007 Academic Competition.
“The Role of Institutional Investors in Seasoned Equity Offerings,” with Thomas Chemmanur and Shan He, Journal of Financial Economics 94, 2009, 384-411.
- AFA 2006, NBER 2007.
“Measures of Implicit Trading Costs and Buy-Sell Asymmetry,” Journal of Financial Markets 12, 2009, 418-437 (Sole Author).
- WFA 2005 NYSE PhD Student Travel Grant, EFA 2005 Best Paper Award.