Ning Gao

Ning Gao is a Professor of Finance at Alliance Manchester Business School, University of Manchester, where he also serves as Deputy Director of the Centre for the Analysis of Investment Risk (CAIR). He is an editor of the Journal of Sustainable Finance and Accounting (Elsevier), an advisor to the Manchester China Institute, and the founder and organizer of the Annual Corporate Finance Conference in the UK. His academic background includes a B.A. (Econ.) from Renmin University of China and a Ph.D. in Finance from the Hong Kong University of Science and Technology (HKUST).

Education:

• B.A. (Econ.) – Renmin University of China
• Ph.D. in Finance – Hong Kong University of Science and Technology (HKUST)

Research Interests:

Ning Gao’s research focuses on corporate finance, sustainable finance, ESG risks, mergers and acquisitions, and corporate governance. He explores how environmental regulations impact corporate financial decisions and credit access, and investigates investor behavior in response to global ESG incidents. His work also delves into the implications of control rights disparities, debt maturity structures, and market transparency, contributing to the understanding of information dynamics in financial systems. His studies frequently address topics such as horizontal integration, antitrust case selections, and the role of corporate cash reserves in acquisitions.

Recent Publications:

His recent publications examine the interplay between environmental policies and corporate finance, the diverging investor responses to ESG events, and the dynamics of mergers and acquisitions. He has also explored the impact of climate policy risks on capital structure and the effects of disproportionate control rights on debt maturity. Earlier work includes studies on default risk in financial markets, distributive inefficiencies in horizontal mergers, and the influence of hedge funds on merger payments.

Scientific Awards:

No scientific awards explicitly mentioned.

Advising and Grants:

Ning Gao has supervised six postgraduate students, though their names are not specified here. He served as Principal Investigator for the ESRC-funded project “WHY DOES ACQUIRING FIRM'S CASH RESERVE HAVE A NEGATIVE WEALTH EFFECT: AGENCY OR OVERVALUATION?” (2008–2010), analyzing the negative wealth effects in acquisitions. He has also reviewed over 20 prestigious journals in finance, accounting, and management, and contributed to program review committees for the European Finance Association (EFA) and Financial Management Association (FMA).

Labs and Teams:

He is associated with the Centre for the Analysis of Investment Risk (CAIR) and actively organizes the Annual Corporate Finance Conference in the UK. His research collaborations span topics in finance, accounting, and management, with notable international partnerships.