Tao Li researches FinTech, hedge funds, financial institutions like cryptocurrency, and corporate governance. He is an assistant professor of financial management in the Warrington College of Business.
Areas of Expertise (4)
Media Appearances (3)
Big Cat Rescue's Carole Baskin announces new cryptocurrency and NFTs. Here's what that means.
Tampa Bay Times online
Professor Li explains Big Cat Rescue's move to adopt cryptocurrency.
Pump-and-dump schemes detrimental to cryptocurrencies and investors, UF Warrington research finds
Warrington College of Business online
New research from the University of Florida Warrington College of Business finds that pump-and-dump schemes are not only pervasive throughout the cryptocurrency market, causing investors to lose tens of millions of dollars in a year, but also that pump-and-dump schemes are detrimental to the health of cryptocurrencies by lowering their value and liquidity.
Study: Hedge Funds That Break Deals Rather Than Make Deals Make The Big Bucks
According to a study authored by the Columbia Business School's Wei Jiang, the University of Florida's Tao Li and Columbia Business School's Danqing Mei, hedge funds that block M&A deals generate higher average returns.
The Wisdom of Crowds in FinTech: Evidence from Initial Coin OfferingsReview of Corporate Finance Studies
Jongsub Lee, Tao Li and Donghwa Shin
Certification by analysts on a FinTech platform that harnesses the "wisdom of crowds" is associated with successful initial coin offerings (ICOs). We show that favorable ratings by a group of analysts with diverse backgrounds positively predict fundraising success and long-run token performance. Analyst ratings also help detect potential fraud ex ante.
Cryptocurrency Pump-and-Dump SchemesSSRN
Tao Li, Donghwa Shi and Baolian Wang
Pump-and-dump schemes (P&Ds) are pervasive in the cryptocurrency market. We find that P&Ds lead to short-term bubbles featuring dramatic increases in prices, volume, and volatility. Prices peak within minutes and quick reversals follow. The evidence we document, including price run-ups before P&Ds start, implies significant wealth transfers between insiders and outsiders.
Social Networks and Hedge Fund ActivismReview of Finance
Yazhou He and Tao Li
We study the role of social networks in hedge fund activism. Actively managed funds whose managers are socially connected to activists are more likely than unconnected managers to invest in target stocks; their investment decisions are profitable. Importantly, such effects are greater for funds facing more severe information asymmetry.