Assistant Professor of Finance · UTS

Leo Liu

I am an Assistant Professor of Finance at the University of Technology, Sydney. My research on innovation and entrepreneurship involves measuring innovation to study firm, industry, and economic outcomes. My recent work also examines corporate disclosure and the impact and determinants of AI innovation. My work has been published in the Journal of Financial Economics, with several papers under review at top journals, and has been presented at leading conferences including AEA, AFA, NBER, SFS Cavalcade North America, EFA, and CICIF.

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Publications

Peer-reviewed

Foundational Processes and Growth JFE

with Elvira Sojli, Wing Wah Tham, and Salomé Baslandze

Journal of Financial Economics, Volume 180, June 2026, 104276.

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Does Common Ownership Raise Antitrust Concerns? JCF

with Huaizhou Li, Ronald Masulis and Jason Zein

Journal of Corporate Finance, Volume 100, 2026, 103037.

Working Papers

In progress & under review

CEO Experience and Value Creation: Evidence from Green Lab Locations R&R · Management Science

with Elvira Sojli and Wing Wah Tham

AI Patents R&R · Review of Finance

with Sheng Xu, Tianyu Cai, Raphael Park

Product Scope and Ownership Structure R&R · Journal of Banking and Finance

with Tony Cai, Jinzhao Du and Fariborz Moshirian

Trust and Corporate Ownership R&R · Journal of Corporate Finance

with Fariborz Moshirian, Bohui Zhang and Sherry Zhang

AI Innovation Policy and Productivity Under Review · Management Science

with Fariborz Moshirian, Vikram Nanda and Sheng Xu