• Professor Chi Liao wears a black blazer with black shirt. She is smiling
  • Associate Professor
    The Associates Fellow in Finance

    Accounting & Finance Department
    Room 458 Drake Centre
    181 Freedman Crescent
    University of Manitoba (Fort Garry Campus)
    Winnipeg, Manitoba R3T 5V4

    T: 204-474-9486

    Curriculum vitae


  • Ph.D. Finance, University of Toronto, 2014
  • B.Math, University of Waterloo, 2008
  • B.B.A. Finance, Wilfrid Laurier University, 2008


Chi Liao is an associate professor of finance at the Asper School of Business. Dr. Liao’s research in household finance and behavioural finance focuses on the determinants of financial decision making, both individual and corporate, with the goal of developing a better understanding of observed behaviour. Her research has been published in leading finance and entrepreneurship journals including the Review of Finance and the Journal of Business Venturing. She has been interviewed and cited in the Wall Street Journal and CNBC, as well as locally by the Winnipeg Free Press, Global News, and CTV News.


Gao, Y., Liao, C., Zhang, Y., & Zhang, Z. (2021). The role of investor protections on the value of investment banking relationships: International evidence. Journal of International Financial Markets, Institutions and Money, 72, 101313.

Greidanus, N. S., & Liao, C. (2021). Toward a coping-dueling-fit theory of the ADHD-entrepreneurship relationship: Treatment's influence on business venturing, performance, and persistence. Journal of Business Venturing, 36(2), 106087.

Liao, C. (2021). ADHD symptoms and financial distress. Review of Finance, 25(4), 1129-1210.

Kramer, L. A., & Liao, C. (2016). The Spillover Effects of Management Overconfidence on Analyst Forecasts. Journal of Behavioral and Experimental Finance, 12, 79-92.