Guosong Xu Assistant Professor of Finance

I am an Assistant Professor of Finance at Rotterdam School of Management at Erasmus University. I am also an Associate Member of the Erasmus Research Institute of Management (ERIM).

Research interests:
Corporate Finance, Behavioral Finance, Climate, M&As

xu@rsm.nl

Department of Finance, RSM

Mandeville Building T8-50, Burgemeester Oudlaan 50

3062 PA Rotterdam

Links to SSRN and RSM official page

News: I am coordinating Erasmus University and ERIM Finance Seminar Series

Home

Publications

Assimilation Effects in Financial Markets

Journal of Financial and Quantitative Analysis, 2022, with Eliezer Fich

The Role of Internal M&A Teams in Takeovers

Review of Finance, 2021, with Nihat Aktas, Audra Boone, Alexander Witkowski, and Burcin Yurtoglu

Determinants and Value Effects of Early Announcements in Takeovers

Journal of Corporate Finance, 2018, with Nihat Aktas and Burcin Yurtoglu

Best AFFI 2017 Conference Paper; Media coverage: Les Echos 

Working Papers

Friends in Media

Best Paper in Corporate Finance at the SFS Cavalcade North America 2021

Revising for resubmission

We test the independence of news content from financial journalists’ social networks and the real effects of journalist connections in the financial markets.

Conferences: EFA, EFA Doctoral Tutorial, FIRS, SFS Cavalcade

Do Salient Climatic Risks Affect Shareholder Voting?

with Eliezer Fich

Media coverage: The FinReg Blog of Duke University; Drexel News Blog; Finance Digest; Investment Week; Global Banking & Finance Review; Wealth Professional; Corporate INTL; IDN Connected; Business in The News; UK Today

We find that shareholders in locations recently hit by hurricanes significantly increase their support for environmental proposals. More favorable voting following a hurricane strike has real consequences: Climate-related proposals are more likely to pass, and when they do, firm performance weakens.

Conferences: AFA, SFS Cavalcade, Paris December Finance Meeting

Green Greed? Evidence from Corporate Donations to Anti-Climate Politicians

with Eliezer Fich

Media coverage: LSE Business Review; Corp-INTL; Luxury Advisor

Firms with better environmental scores donate more to climate-obstructionist politicians. Ownership by brown institutional investors is a channel underlying this result. We explore the value implications of corporate greed with respect to the environment.

Conferences: EFA 2022, Owners as Strategists, Paris December Finance Meeting

How Do Tax Increases Affect Investment Allocation within Multinationals?

with Antonio De Vito, Martin Jacob, and Dirk Schindler

Revising for resubmission

Media coverage: LSE Business Review

We study how tax increases transmit across countries through multinationals’ internal networks of subsidiaries. We find that local business units cut capital investment in response to foreign tax increases. Two channels can explain these spillovers: production linkages and financial constraints. Aggregate investment and employment decline with higher exposure to foreign tax increases.