Xuechen (Bill) Gao, Ph.D.

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Assistant Professor, Finance
291 Burke
Mailing Address:
BLACK SCHOOL OF BUSINESS
PENN STATE BEHREND
281 BURKE CENTER
ERIE PA 16563

Financial Literacy of ChatGPT: Evidence Through Financial News, Finance Research Letters - May, 2025
Collaborators: Ya-Ling Chiu, Co-Author; Hung-Chun Liu, Co-Author; Qiong Zhai, Co-Author

The Norway Government Pension Fund Global: The World’s Largest Sovereign Wealth Fund - May 9, 2024

The Effect of Co-Opted Directors on Real Earnings Management, Review of Quantitative Finance and Accounting - September 4, 2023
Collaborators: Robin Chen, Co-Author; Hongrui Feng, Co-Author; Shenru Li, Co-Author

The Choice of Flotation Methods: Evidence from Chinese Seasoned Equity Offerings, Journal of International Money and Finance - December, 2022
Collaborators: Yuan-Teng Hsu, Co-Author; Xuewu Wang, Co-Author; Weici Yuan, Co-Author

Education Reforms and Convergence in Student Performance: Evidence from Arkansas, eJournal of Education Policy - 2022
Collaborators: Huiqiong Duan, Co-Author; Mavuto Kalulu, Co-Author; Weici Yuan, Co-Author

Attention: Implied Volatility Spreads and Stock Returns, Journal of Behavioral Finance - 2020
Collaborators: Xuewu Wang, Co-Author; Zhipeng Yan, Co-Author

The State of Research on Sovereign Wealth Funds, Global Finance Journal - May, 2020
Collaborator: William Megginson, Co-Author

Investor Attention and Stock Market Under-reaction to Earnings Announcements: Evidence from the Options Market, Journal of Futures Markets - April, 2018
Collaborators: Xuewu Wang, Co-Author; Zhipeng Yan, Co-Author; Qunzi Zhang, Co-Author

A Financial Force to be Reckoned With? An Overview of Sovereign Wealth Funds - November, 2017
Collaborators: Veljko Fotak, Co-Author; William Megginson, Co-Author

Heterogeneous State Shareholders and Their Impacts - January, 2017

Ph.D., Business Administration (Finance), University of Oklahoma

Master of Science, Finance, University of Texas at Dallas

Bachelor of Science, Physics, Fudan University