![](https://neoma-bs.fr/sites/default/files/uploaded_images/profs-neoma_0.png)# CAO Wenbin { "@context": "https://schema.org", "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Accueil", "item": "https://neoma-bs.fr/" }, { "@type": "ListItem", "position": 2, "name": "CAO\u0020Wenbin", "item": "https://neoma-bs.fr/node/8528.md" } ] } - [Accueil](https://neoma-bs.fr/) - CAO Wenbin ![](/sites/default/files/styles/large/public/uploaded_images/photos_academ/3255-cao-wenbin.jpg?itok=zBPhsK13)CAO Wenbin Professeur associé - À propos - Publications académiques [Finance](https://neoma-bs.fr/departements/finance) PhD, Finance Wenbin Cao est professeur associé de finance à NEOMA. Il a obtenu son doctorat du Price College of Business de l'Université de l'Oklahoma en 2016. Il enseigne l'analyse de données en finance, économie managériale, finance d'entreprise et risque opérationnel. Son principal intérêt de recherche est la finance d'entreprise. Il diversifie également ses recherches dans divers domaines. Il a publié dans le Journal of Economic Dynamics and Control, l'International Review of Law and Economics, le Journal of Retailing et Physica A: Statistical Mechanics and its Applications. Il a présenté ses articles dans des conférences influentes, notamment la China International Conference in Finance, les réunions annuelles de la Financial Management Association. Il est actuellement responsable de MSC Financial Markets and Technologies. ### Domaines de recherche - Corporate finance - Modélisation structurelle - Econométrie financière ## Récentes contributions académiques SIX, P., M. DE BOURMONT, W. CAO, F. LARMANDE, J. VERNY, "A few ratios do not tell the whole story: financial statements informativeness evolution and bankruptcy prediction" dans *American Accounting Association annual conference*, 2025, Chicago, États-Unis SIX, P., W. CAO, X. DUAN, S. C. LINN, "New Tests of the Theory of Storage and the Theory of Normal Backwardation: Time and Frequency Dimensions" dans *New Directions in Commodities Research Symposium*, 2025, Denver, États-Unis co-auteurs présentés LARMANDE, F., M. DE BOURMONT, W. CAO, P. SIX, J. VERNY, "A few ratios do not tell the whole story: financial statements informativeness evolution and bankruptcy prediction" dans *Annual conference of the European Accounting Association*, 2025 ## Publications ZHANG, Q., R. DING, W. DING, W. CAO, "Societal trust and information timeliness: international evidence", *The European Journal of Finance*, Février 2025, vol. 31, no. 3, pp. 231-259 DOI : [ 10.1080/1351847X.2024.2376719 ](https://dx.doi.org/10.1080/1351847X.2024.2376719) CAO, W., X. DUAN, X. NIU, "Access to Finance, Bureaucracy, and Capital Allocation Efficiency", *Journal of Economics and Business*, Mai 2023, vol. 125-126 DOI : [ http://dx.doi.org/10.2139/ssrn.3803504 ](https://dx.doi.org/http://dx.doi.org/10.2139/ssrn.3803504) ATTAOUI, S., W. CAO, P. SIX, "Capital Structure and the Optimal Payment Methods in Acquisitions", *International Review of Law and Economics*, Juin 2021, vol. 66 DOI : [ 10.1016/j.irle.2021.105986 ](https://dx.doi.org/10.1016/j.irle.2021.105986) ATTAOUI, S., W. CAO, X. DUAN, H. LIU, "Optimal Capital Structure, Ambiguity Aversion, and Leverage Puzzles", *Journal of Economic Dynamics and Control*, Août 2021, vol. 129, pp. 104176 DOI : [ 10.1016/j.jedc.2021.104176 ](https://dx.doi.org/10.1016/j.jedc.2021.104176) CAO, W., S. B.GUERNSEY, S. C.LINN, "Evidence of infinite and finite jump processes in commodity futures prices: Crude oil and natural gas", *Physica A: Statistical Mechanics and Its Applications*, Juillet 2018, vol. 502, pp. 629-641 DOI : [ 10.1016/j.physa.2018.03.007 ](https://dx.doi.org/10.1016/j.physa.2018.03.007) CAO, L., X.LIU, W.CAO, "The Effects of Search-related and Purchase-related Mobile App Additions on Retailers' Shareholder Wealth: The Roles of firm Size, Product Category, and Customer Segment", *Journal of Retailing*, Décembre 2018, vol. 94, no. 4, pp. 343-351 DOI : [ 10.1016/j.jretai.2018.08.003 ](https://dx.doi.org/10.1016/j.jretai.2018.08.003) ## Conferences LARMANDE, F., M. DE BOURMONT, W. CAO, P. SIX, J. VERNY, "A few ratios do not tell the whole story: financial statements informativeness evolution and bankruptcy prediction" dans *Annual conference of the European Accounting Association*, 2025 CAO, W., X.DUAN, V.UYSAL, "Does policy uncertainty affect capital structure choices?" dans *Financial Management Association Annual Conference*, 2013, Chicago, États-Unis ## Conference invitations CAO, W., S.ATTAOUI, X.DUAN, H.LIU - "Optimal capital structure, ambiguity aversion, and leverage puzzles" - 2020, Tianjin, Chine CAO, W., P.SIX, S.ATTAOUI - "Capital structure and the optimal payment methods in acquisitions" - 2020, Lyon, France CAO, W., X.DUAN, X.NIU - "Access to finance, bureaucracy, and capital allocation efficiency" - 2020, Online, France ## Contributions dans une conférence SIX, P., M. DE BOURMONT, W. CAO, F. LARMANDE, J. VERNY, "A few ratios do not tell the whole story: financial statements informativeness evolution and bankruptcy prediction" dans *American Accounting Association annual conference*, 2025, Chicago, États-Unis SIX, P., W. CAO, X. DUAN, S. C. LINN, "New Tests of the Theory of Storage and the Theory of Normal Backwardation: Time and Frequency Dimensions" dans *New Directions in Commodities Research Symposium*, 2025, Denver, États-Unis co-auteurs présentés DE BOURMONT, M., W. CAO, F. LARMANDE, P. SIX, J. VERNY, "Have financial statements become less informative? Yes, and no…Evidence from the ability of a new accounting model to predict bankruptcy" dans *2024 French Accounting Association Annual Conference*, 2024, Dijon, France co-auteurs présentés CAO, W., X. DUAN, P. SIX, S. C. LINN, "New Tests of the Theory of Storage and the Theory of Normal Backwardation: Time and Frequency Dimensions" dans *Commodity Energy Markets Annual Conference, Boston University Questrom School of Business*, 2024, Boston, États-Unis SIX, P., M. DE BOURMONT, W. CAO, F. LARMANDE, J. VERNY, "Bankruptcy prediction: a persistent model of cash flows based on Beaver’s theory of the reservoir" dans *2023 International Conference in Finance, Banking and Accounting*, 2023, Montpellier, France ## Séminaires de recherche SIX, P., W. CAO, X. DUAN, S. C. LINN, "New Tests of the Theory of Storage and the Theory of Normal Backwardation: Time and Frequency Dimensions" *Finance Research Seminar-NEOMA Business School*. 2021, Paris, France