About

Rose Liao is an associate professor of finance in the department of Finance and Economics at Rutgers University. Her research focuses on international finance and empirical corporate finance. Her recent work explores female representation on boards of directors around the world, motives for cross-border mergers and acquisitions, global investor relations activities, and motives of corporate inversions. Her research has been published in prominent journals such as the Journal of Finance, Journal of Financial Economics, and Management Science. She currently serves as the Editor-in-Chief of the Emerging Markets Review, a leading journal for high-impact studies in emerging markets finance, and is a subject editor at the Journal of International Financial Markets, Institutions & Money and the Journal of Multinational Financial Management. She has also participated as a member of program committees for major finance conferences, including the American Finance Association Meetings, the Western Finance Association Meetings, and the Financial Management Association Meetings.

Research topics

• Business
• Monetary economics
• Economics
• Financial system
• Finance

Selected publications

• The Propagation of ESG Practices Through Multinational Corporations

  SSRN Electronic Journal · 2025-01-01

  preprintOpen accessSenior author
  PublisherDOI

• The Propagation of ESG Practices Through Multinational Corporations

  SSRN Electronic Journal · 2025-01-01

  preprintOpen accessSenior author
  PublisherDOI

• An intertemporal international asset pricing model: Theory and evidence

  Journal of International Financial Markets Institutions and Money · 2025-04-12 · 1 citations

  article
  PublisherDOI

• How do US Firms Respond to Labor Market Regulation Shocks around the World? Evidence from the Global Supply Chain

  SSRN Electronic Journal · 2024-01-01

  articleOpen access
  PublisherDOI

• The Propagation of ESG Practices Through Multinational Corporations

  Energy Economics · 2024-01-01

  preprintOpen accessSenior author
  PublisherOA PDFDOI

• Gender quotas and bank risk

  Journal of Financial Intermediation · 2022-10-01 · 16 citations

  articleOpen access1st author
  PublisherOA PDFDOI

• The role of media in mergers and acquisitions

  Journal of International Financial Markets Institutions and Money · 2021-02-02 · 33 citations

  article1st authorCorresponding
  PublisherDOI

• The Impact of Investor Sentiment on Catering Incentives around the World

  Journal of International Financial Markets Institutions and Money · 2021-01-12 · 15 citations

  article
  PublisherDOI

• The Impact of Investor Sentiment on Catering Incentives around the World

  2021-01-08

  article

  This study tests catering theory of dividend policies in twenty-one countries from 1991 to 2017. First, we show that there are important differences in corporate dividend policies across countries. Second, we find that the catering incentive is stronger when investor sentiment is low. Third, firms domiciled in countries with strong legal protections for investors are more likely to catering to investors, especially when investor sentiment is low. Our findings shed light to the factors contributing to the fluctuations in dividend catering around the world.

• The diverse effects of currency crises on multinational and local firms: The use of foreign currency debt

  Journal of Multinational Financial Management · 2021-07-10 · 4 citations

  articleCorresponding
  PublisherDOI

Frequent coauthors

• Gady Jacoby

  University of Manitoba

  13 shared

• Isil Erel

  European Corporate Governance Institute

  13 shared

• Michael S. Weisbach

  National Bureau of Economic Research

  11 shared

• George Andrew Karolyi

  Cornell University

  10 shared

• Jonathan A. Batten

  9 shared

• Serdar Dinc

  Rutgers, The State University of New Jersey

  4 shared

• Gilberto Loureiro

  University of Minho

  4 shared

• Kihun Kim

  University of Missouri

  3 shared

Labs

• Rutgers Business School Finance & EconomicsPI

Education

• PhD, Finance

  The Ohio State University

  2009