UMass Boston

Corporate Finance, Corporate Social Responsibility, Sustainable Finance 

DBA in Finance, Boston University

MS in Actuarial Science and Financial Risk, University of Lisbon

BS in Management, University of the Azores

• Martinez, F., Figge, F., Castellano, S., Chakraborty, A., and Silva-Gao, L., 2023. How did corporate responses to the Covid-19 pandemic correspond with CSR? Business Ethics, the Environment & Responsibility, 32, 161-166 (editorial).
• Chakraborty, A., Gao, L.S., Kim, S. and Liu, R., 2023. Does corporate social responsibility play a moderating role in trading silence prior to bad news earnings announcements? Journal of Corporate Accounting & Finance, 34(3), pp.282-301.
• Ai, L. and Gao, L.S., 2023. Firm-level risk of climate change: Evidence from climate disasters. Global Finance Journal, 55, p.100805.
• Chakraborty, A., Gao, L.S. and Musa, P., 2023. Corporate social responsibility and litigation risk: Evidence from securities class action lawsuits. Accounting & Finance, 63(2), pp.1785-1819.
• Gao, L., Sheikh, S. and Zhou, H., 2023. Executive compensation linked to corporate social responsibility and firm risk. International Journal of Managerial Finance, 19(2), pp.269-290.
• Bardos, K.S., Ertugrul, M. and Gao, L.S., 2020. Corporate social responsibility, product market perception, and firm value. Journal of Corporate Finance, 62, p.101588.
• Feng, S. and Gao, L.S., 2020. The verbal tone in mandatory environmental disclosures: evidence from changes in disclosures following SEC guidance. Social and Environmental Accountability Journal, 40(2), pp.116-139.
• Chakraborty, A., Gao, L.S. and Sheikh, S., 2019. Does size affect the relation between option compensation and managerial risk taking? Evidence from Canadian listed companies. International Journal of Finance & Economics, 24(1), pp.20-32.
• Chakraborty, A., Gao, L. and Sheikh, S., 2019. Corporate governance and risk in cross-listed and Canadian only companies. Management Decision, 57(10), pp.2740-2757.
• Chakraborty, A., Gao, L.S. and Sheikh, S., 2019. Managerial risk taking incentives, corporate social responsibility and firm risk. Journal of Economics and Business, 101, pp.58-72.
• Zhong, M. and Gao, L., 2017. Does corporate social responsibility disclosure improve firm investment efficiency? Evidence from China. Review of Accounting and Finance, 16(3),  pp. 348-365.
• Connors, E., Johnston, H.H. and Gao, L.S., 2013. The informational value of Toxics Release Inventory performance. Sustainability Accounting, Management and Policy Journal, 4(1), pp. 32-55.
• Silva, F. and Gao, L., 2013. A joint replenishment inventory-location model. Networks and Spatial Economics, 13(1), pp.107-122.
• Gao, L.S., 2012. The disclosure of environmental capital expenditures: Evidence from the electric utility sector in the USA. Corporate Social Responsibility and Environmental Management, 19(4), pp.240-252.
• Chen, L.H. and Silva Gao, L., 2012. The pricing of climate risk. Journal of Financial and Economic Practice, 12(2), Spring, pp.115-131.
• Gao, L.S. and Connors, E., 2011. Corporate environmental performance, disclosure and leverage: An integrated approach. International Review of Accounting, Banking and Finance, 3(2), pp. 1-26.
• Gao, L.S., 2011. Do investors value environmental capital spending? Evidence from the electric utility sector. Journal of Finance and Accountancy, 7.
• Gao, L.S., 2011. Portfolio Industry Strategy in Venture Capital Investments. The Journal of Private Equity, 14(2), pp.59-71.
• Gao, L.S. and Iyer, B., 2009. Value creation using alliances within the software industry. Electronic Commerce Research and Applications, 8(6), pp.280-290.
• Gao, L.S., Lin, L. and Kulatilaka, N., 2008. Coordination Mechanisms in the Development of New Technologies. International Journal of Management and Network Economics<, 2008, 1(1), pp. 44-57.
• Gao, L.S. and Iyer, B., 2006. Analyzing complementarities using software stacks for software industry acquisitions. Journal of Management Information Systems, 23(2), pp.119-147.

Courses Taught

Corporate Finance (undergraduate and graduate), Financial Modeling (undergraduate and graduate), Sustainable Finance and Impact Investing (graduate), Seminar in Corporate Finance (Ph.D.)

Research Interests

Corporate finance, corporate governance, corporate social responsibility, sustainable finance, ESG investing.

Honors

Faculty Service Award, College of Management, University of Massachusetts Boston, 2018

Emerald Literati Awards, Emerald Publishing, 2018

Joan Moon Undergraduate Teaching Award, 2008

College of Management Research Scholarship Award, 2008