Publications:

• DeLisle, R. J., Grant, A. & Mao. R. (2024). Does Environmental and Social Performance Affect Pricing Efficiency?  Evidence from Earnings Conference Call Tones. Journal of Corporate Finance, 86, 102585. https://doi.org/10.1016/j.jcorpfin.2024.102585

• Mao, R., Segara, R., & Westerholm, J. (2019). Analyst tipping: Evidence on Finnish stocks. International Review of Financial Analysis, 66, 101350. https://doi.org/10.1016/j.irfa.2019.05.001 

Working Papers:

• Social Media Activities and Seasoned Equity Offerings (with Henry Leung and Buhui Qiu) | SSRN 

• Information Spillovers and Firm Geographic Dispersion: Evidence from Local Stock Return Comovement (with R. Jared DeLisle and Andrew Grant)

• Social Connectedness and Local Stock Return Comovement  (with R. Jared DeLisle and Andrew Grant) | SSRN

• Alternative Stars: Do Key Opinion Leaders on Social Media Move the Market? (with Henry Leung and Tse-Chun Lin )| SSRN

• Home Not-So-Sweet Home: Home Bias in Supply Chain Relationships (with Jiaying Li)| SSRN

• Mind the Gap: AI Adoption Disparity and Supply Chain Dynamics (with Mingze Gao and Jiaying Li) | SSRN