Darwin Choi
| dchoi@ust.hk | |
| 2358 5051 | |
| Room 5080 |
Darwin Choi
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Short Bio
Darwin Choi is an Associate Professor of Finance at The Hong Kong University of Science and Technology (HKUST) Business School. He earned his PhD in Finance from Yale University and holds both a BS in Economics and a BS in Engineering from the University of Pennsylvania. Before rejoining HKUST in 2024, he was an Associate Professor at The Chinese University of Hong Kong (CUHK) Business School and previously served as an Assistant Professor at HKUST. Darwin's research explores how institutional details and behavioral factors affect asset prices and capital allocations among professional and individual investors. His recent work emphasizes climate finance and other ESG (Environmental, Social, and Governance) issues. His papers have been published in prestigious journals, including the Journal of Finance, Journal of Financial Economics, and Review of Financial Studies. He has also received teaching awards at both HKUST Business School and CUHK Business School.
Selected Papers and Publications
- Superstar Firms and College Major Choice (with Dong Lou and Abhiroop Mukherjee), 2024, Journal of Political Economy Microeconomics, accepted.
- Alpha Go Everywhere: Machine Learning and International Stock Returns (with Wenxi Jiang and Chao Zhang), 2024, Review of Asset Pricing Studies, forthcoming.
- Attention to Global Warming (with Zhenyu Gao and Wenxi Jiang), 2020, Review of Financial Studies 33, 1112-1145.
- Measuring the Carbon Exposure of Institutional Investors (with Zhenyu Gao and Wenxi Jiang), 2020, Journal of Alternative Investments 23, 12-23.
- Invited Editorial Comment: Climate Change Implications for the Asset Management Industry (with Zhenyu Gao and Wenxi Jiang), 2020, Journal of Alternative Investments 23, 8-11.
- Disposition Sales and Stock Market Liquidity, 2019, Journal of Financial Markets 45, 19-36.
- Learning about Mutual Fund Managers (with Bige Kahraman and Abhiroop Mukherjee), 2016, Journal of Finance 71, 2809-2860.
- The Role of Surprise: Understanding Overreaction and Underreaction to Unanticipated Events using In-Play Soccer Betting Market (with Sam K. Hui), 2014, Journal of Economic Behavior and Organization 107, 614-629.
- Convertible Bond Arbitrageurs as Suppliers of Capital (with Mila Getmansky, Brian Henderson, and Heather Tookes), 2010, Review of Financial Studies 23, 2492-2522.
- Convertible Bond Arbitrage, Liquidity Externalities, and Stock Prices (with Mila Getmansky and Heather Tookes), 2009, Journal of Financial Economics 91, 227-251.
