Profile image of Robert Xiao

Dr Robert Xiao



Senior Lecturer


Faculty of Business and Law


BL Deakin Business School


Melbourne Burwood Campus

+61 3 924 46543


Dr Robert Xiao is a Lecturer in the Department of Finance in Deakin Business School. Robert's research interests are in the area of socially responsible investments (SRI), and aims to understand the relationship between corporates’ social performance and financial performance and the linkage between SRI and the macroeconomy — he develops a theoretical framework and financial models to identify and explain the relationships. Furthermore, he tests his financial models with various financial and SRI data available on WRDS, CRSP, MSCI, DJSI, CompuStat and other databases. His theoretical and empirical results provide useful suggestions and policy recommendations for investors and regulators around the world.

Read more on Robert's profile

Research interests

  • Empirical and theoretical asset pricing
  • Socially responsible investment
  • Utility functions
  • Economic tracking portfolios

Teaching interests

  • Corporate Finance and investment portfolio management
  • Finance

Units taught

  • MPF753 - Finance
  • MBA722 - Finance

Professional activities


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The value of corporate social responsibility during the crisis: Chinese evidence

Jing Zhang, Shuang Zi, Pei Shao, Yuchao Xiao

(2020), Vol. 64, pp. 1-11, Pacific-Basin finance journal, Amsterdam, The Netherlands, C1

journal article

Testing the mood seasonality hypothesis: Evidence from down under

D Lee, B Min, Y Xiao

(2020), Vol. 64, pp. 1-10, Pacific Basin Finance Journal, Amsterdam, The Netherlands, C1

journal article

The financial performance of socially responsible investments: insights from the intertemporal CAPM

Y Xiao, R Faff, P Gharghori, B Min

(2017), Vol. 146, pp. 353-364, Journal of business ethics, New York, N.Y., C1

journal article

Migration and the environment : policy reform in a polluted open economy

C-C Chao, J-P Laffargue, X Liu, P Sgro, Y Xiao

(2015), Vol. 38, pp. 48-62, World economy, London, Eng., C1

journal article

Pricing innovations in consumption growth: a re-evaluation of the recursive utility model

Y Xiao, R Faff, P Gharghori, B Min

(2013), Vol. 37, pp. 4465-4475, Journal of banking and finance, Amsterdam, The Netherlands, C1-1

journal article

An empirical study of the world price of sustainability

Y Xiao, R Faff, P Gharghori, D Lee

(2013), Vol. 114, pp. 297-310, Journal of business ethics, Dordrecht, The Netherlands, C1-1

journal article

Funded Projects at Deakin

Other Public Sector Funding

Structural economic policy research with heterogeneity

Dr Robert Xiao

  • 2015: $7,000

Industry and Other Funding

Impacts of changes in population structure on the performance of the Chinese real estate investment market

Dr Robert Xiao

  • 2019: $7,000


No completed student supervisions to report