Laura Xiaolei LIU   Assistant Professor   Email: fnliu@ust.hk PhD MA MA B.A. 2005 2003 1998 1995 University of Rochester, Finance (Minor in Accounting) University of Rochester, Applied Economics University of International Business and Economics, Finance Nankai University, Finance Personal Home Page (http://www.bm.ust.hk/~fnliu/)

• Assistant Professor of Finance, HKUST, 2005-present
• Instructor, Distance Learning School, University of International Business and Economics, 1997-1998

PUBLICATIONS

• Investment-based expected stock returns (with Toni M. Whited and Lu Zhang), 2009, Journal of Political Economy 117 (6), 1105-1139.
   
• Historical market-to-book in a partial adjustment model of leverage, 2009, Journal of Corporate Finance 15 (5), 602-612.
   
• Momentum profits, factor pricing, and macroeconomic risk (with Lu Zhang), 2008, Review of Financial Studies 21 (6), 2417-2448.

HONORS AND AWARDS

• CRA International Corporate Finance Award for the best corporate finance paper in Western Finance Association Annual Meeting, 2005.
  
  

• Best PhD paper award in Southwestern Finance Association Annual Meeting, 2005.
  
  

• NYSE Student Travel Grant in Western Finance Association Annual Meeting, 2005.
  
  

• Fellowship, Simon Business School, University of Rochester, 1998 to 2004.
  
  

• An Zijie International Trade Thesis Prize, 1996.