Junxiong Gao.

Assistant Professor of Finance

Junxiong Gao

Shanghai Advanced Institute of Finance (SAIF)
Shanghai Jiao Tong University

I am an Assistant Professor of Finance at the Shanghai Advanced Institute of Finance (SAIF), Shanghai Jiao Tong University. My research interests are asset pricing theory, derivatives, and econometrics.

I received my Ph.D. in Finance from the University of California, San Diego in 2023.

Curriculum vitae
Portrait of Junxiong Gao
Research interestsAsset pricing theoryDerivativesEconometrics

Research

Selected working papers

Option-Implied Crash Index

with Jun Pan

Conferences & seminarsInternational Advanced Applied Econometrics, 2024; 50 Years and Counting: The Black–Scholes/Merton Derivatives Symposium, MIT, 2023; Canadian Derivatives Institute’s Conference, 2023; China Derivatives Youth Forum, 2023; Xi’an Jiaotong-Liverpool University.

Fiscal Imbalances and Asset Returns: Cross-Sector Fluctuations under the Aggregate Budget Constraint

with Alberto Plazzi, Rossen Valkanov, and Yan Xu

UpcomingSouthern Finance Association (SFA), 2026; SFS Cavalcade Asia-Pacific, 2026.

Conferences & seminarsSFS Cavalcade North America, 2026; European Finance Association (EFA), 2026; 33rd Finance Forum; Second Winter Finance Summit in Asia; 5th Frontiers of Factor Investing Conference.

Sustainability Risk Premium: Evidence from Sustainability-Linked Bonds

with Laura T. Starks, Haoyue Wang, and Hong Yan

UpcomingAmerican Finance Association (AFA), 2027.

Conferences & seminarsEuropean Finance Association (EFA), 2026; HEC–HKUST Sustainable Finance Workshop, 2025; China International Conference in Finance (CICF), 2023; University of Texas at Austin; SAIF; UIBE.

Teaching

Shanghai Advanced Institute of Finance

Ph.D.

Asset Pricing Theory

SAIF
MBA

Statistical Analysis Method (SAM)

SAIF