CV - XIAO Bing


I’m always fascinated by the quantitative method applied to finance. My research focuses on the "Evaluation of financial assets", especially the equity market. My primary research goals are understanding the different anomalies of the stock market. My future research plans are aimed at improving the capital asset pricing models, to better explain the price formation in the equity market.




Size Effect and Economic Cycles: Empirical Studies on the French Equity Market, (2012) Under the direction of the Professor Jean-Pierre VEDRINE


In progress:

Forecasting the Volatility of the Chinese Gold Market by ARCH Family Models and extension to Stable Models (co-author: DURY Marie-Eliette)

Asymmetric Information Impacts: Crude Oil Market Forcasting and Analysis (co-author: RANDRIAMIARANA Joëlle)

Articles published and selected for conferences: 

The seasonality of Gold Prices in China: Evidence from Shanhai Gold Exchange, The 1st International Conference on Energy, Finance, and Macroeconomy (ICEFM), Montpellier Business School, 22-24 November 2017, Montpellier. (co-author: HOANG Thi-Hong-Van, WONG Wing-Keung, ZHU Zhenzhen)

Forecasting Volatility of Shanghai Gold Market: AComparison between Student and Gaussian Distributions, extension to Stablemodels, 11th InternationalConference on the Chinese Economy, 19-20 October, 2017, CERDI-IDREC,Clermont-Ferrand. (co-author: DURY Marie-Eliette)

The recentevolution of the volatility in the Chinese gold market, GDRIInternational Development Economic, Clermont-Ferrand, November 3-4, 2016

Beta and size revisited: Evidence from the French stock market, International Journal of Financial Research, Vol 7, N°3,October 2016

Predictingthe volatility of the Russell 3000 stock index,International Journal of Financial Research, Vol 7, N°3, July 2016

Conditionalrelationship between beta and return in the US stock market, Expert Journal of Business andManagement, Volume 4, issue 1, 2016, pp. 46-55.

The Monthly effectand the day of week effect in the American stock market, International Journal of Financial Research, Vol 7, N°2, April 2016

Therelationship between economic cycles and idiosyncratic risk: A study on theJapanese stock market, World Finance& Banking Symposium – December 17-18 2015, Vietnam National University.

The recent evolution of the seasonal anomalies inChina’s stock market: An empirical analysis of the Shenzhen Stock Exchange, 10th International Conference onthe Chinese Economy, 22-23 October, 2015, CERDI-IDREC, Clermont-Ferrand.(co-author: COULIBALY Aïssata)

Does IdiosyncraticRisk Matter? Evidence From The Japanese Stock Market, Eurasian Journal of Economics and Finance(EJEF), 3(3) 2015, 12-19.

On the Impact of Firm Size on Risk andReturn : Fresh Evidence from the American Stock Market over the recent years, Journal of Applied Business Research, 31(1), 2015. (FNEGE Rang 3) (co-author: ALIOUI Sabrina., CHAIBIAnissa)

Size effect and economic cycles: A study on the Frenchstock market, The International Review of Applied Financial Issues and Economics, Volume 4, Issue 4, December 2012.(co-autor: ALIOUI Sabrina.)