Title: Assistant Professor
Email: liuzihao@swufe.edu.cn
Office: Room 311, HongYuan Building, LiuLin Campus, SWUFE
Research Interests
Artificial intelligence, behavioral finance, corporate finance, financial intermediary, ESG
Education
Ph.D. in Finance, Tilburg University 2025
Research Master in Business - Finance, Tilburg University 2018
M.Sc. of Finance and Accounting & CEMS MiM (extra coursework in economics), Stockholm School of Economics/Copenhagen Business School 2015
Academic positions
Assistant Professor, Southwestern University of Finance & Economics 2025-present
Lecturer (Part-time), Erasmus School of Economoics, 2023-2024
Ph.D. intern, Research Division at Sveriges Riksbank, 2019
Research Analyst, Swedish House of Finance, 2015-2016
Teaching
Advanced Seminar in Finance (M.Sc. in Finance), 2024
Money, Credit and Banking (B.Sc. in Finance), 2023
Publications
· de Goeij, P., Liu, Z., & Postma, E. (2025). Deep Speech Embeddings of Earning Calls Predict Future Stock Returns. Netspar, Network for Studies on Pensions, Aging and Retirement.
· León, C., Liu, Z., & Renneboog, L. (2024). Banking Stability: The Impact of Financial Sector Heterogeneity on Systemic Risk in Financial Crises and Economic Recessions. In Banking Resilience and Global Financial Stability (pp. 151-190).
· Liu, Z., & de Goeij, P. (2020). Using eye-tracking to understand individual decision-making. Netspar Survey Paper, 57.
Working papers
· Learning from machines: can CEO vocal cues help to predict future firm performance? (JMP)
· Deep speech embeddings of earning calls: predict future stock returns, with Prof. Dr. Eric Postma and Dr. Peter de Goeij
· Do mandatory board quotas and child-care provision lead to better firm value?, with Dr. Vidhi Chhaochharia
· Media Framing of Monetary Policy and Firm Responses, with Dr. Shasha Li
· Information Vagueness, with Peiran Jiao
Conferences and Workshops
·Young Economist Society (YES) at Chengdu (invited presenter), May 2026
· Improv Symposium for Theory and Experiment (invited presenter), November 2025
· GSBE Marketing-Finance Symposium 2025 (invited presenter), October 2025
· NETSPAR IPW / International Pension Workshop 2025, June 2025
· Jheronimus Academy of Data Science (JADS) Doctoral Symposium 2024 (invited presenter) December 2024
·The Fifth Research in Behavioral Finance Conference (AI session - invited presenter) October 2024
· NETSPAR pension day (invited presenter) October 2024
· NETSPAR After Lunch Webinar (invited presenter) April 2024
·The AFA 2024 Annual Meeting (PhD Student Poster Session) January 2024
· Job Market Seminar at Finance Department of Tilburg University October 2023
· ERC Summer School/Ph.D. Workshop at HEC Paris (invited presenter) August 2023
· Summer School on Finance and Product Markets at USI, Lugano (invited presenter) July 2023
· NETSPAR Ph.D. Meeting on Pensions 2023 (invited presenter) June 2023
· HiTEc meeting & Workshop on Complex data in Econometrics and Statistics (invited presenter) April 2023
· 2nd CEPR Conference Political Economy of Central Banks November 2022
· Benelux corporate finance network seminar (invited presenter) December 2022
· NETSPAR pension day (invited discussant) October 2022
· European Finance Association (EFA) annual conference (Ph.D. travel grant) August 2022
· Brown Bag Seminar at Finance Department of Tilburg University April 2019, 2020, 2021, 2022 and 2023
· NETSPAR pension day (invited presenter) October 2021
· Ph.D. seminar at Sveriges Riksbank (invited presenter) December 2019
· European Finance Association (EFA) Doctoral Workshop (invited) August 2019
· ASSA 2019 Annual Meeting January 2019
· Swedish House of Finance FinTech Conference in Stockholm August 2017
· BI-SHoF Conference in Asset Pricing and Financial Econometrics in Stockholm June 2016
