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Hai Lu


Hai Lu

McCutcheon Professor in International Business and Professor of Accounting
Director, Guanghua-Rotman Centre for Information and Capital Market Research


PhD, University of Southern California

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Hai Lu is the McCutcheon Professor in International Business and Professor of Accounting at the Rotman School where he conducts research on insider trading, securities valuation, corporate governance, and the Chinese capital market. He is currently interested in field studies and unstructured data analysis. Professor Lu is the director of Guanghua-Rotman Centre for Information and Capital Market Research and is an editor of Contemporary Accounting Research and Accountability in a Sustainable World Quarterly.

Academic Positions

  • 2016-

    Professor , Rotman School, University of Toronto

  • 2015-2017

    Visiting Professor, Singapore Management University

  • 2011-2016

    Associate Professor, Rotman School, University of Toronto

  • 2004-2011

    Assistant Professor, Rotman School, University of Toronto

Selected Publications - Papers

Featured Work


  • Unlike in shareholder-driven markets, it can be a challenge for firms to communicate with a diverse set of stakeholders in stakeholder-oriented markets such as China. The development of the Annual Transparency Index and White Paper and the Best Listed Company Award which recognizes companies for their transparent information disclosure practices is our effort to promote better governance in China.


  • “Gender and beauty biases exist in our society regardless of how competitive an industry is, and stereotypes and bias may be rooted deeply in culture and legal environment.” See our study on the all-star analysts vote and the findings are featured by the Institutional Investor magazine on October 4th, 2019. The paper is forthcoming at the Review of Accounting Studies.

Research and Teaching Interests

ESG, financial analysts, corporate governance, regulations, Chinese capital markets.