Professor Shasha Li, PhD

Professor Shasha Li, PhD
Current Position

since 6/21

Economist in the Department of Financial Markets

Halle Institute for Economic Research (IWH) – Member of the Leibniz Association

since 6/21

Assistant Professor

Otto von Guericke University Magdeburg

Research Interests

  • credit market
  • corporate finance
  • behavioural economics
  • financial economics

Shasha Li is Assistant Professor of Economics at Otto von Guericke University Magdeburg since June 2021 and a member of the Department of Financial Markets at IWH. Her research focuses on corporate finance, financial economics, behavioural economics, and the credit market.

Shasha Li earned her bachelor's degree from Xiamen University and her master's degrees from Peking University and University of Hong Kong. She received her PhD from Bocconi University.

Your contact

Professor Shasha Li, PhD
Professor Shasha Li, PhD
Mitglied - Department Financial Markets
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Working Papers

Green Investing, Information Asymmetry, and Category Learning

Shasha Li Biao Yang

in: Working Paper, 2021


We investigate how the attention allocation of green-motivated investors changes information asymmetry in financial markets and thus affects firms’ financing costs. To guide our empirical analysis, we propose a model where an investor with green taste endogenously allocates attention to market or firm-specific shocks. We find that more green-motivated investors tend to give more attention to green firm-level information instead of market-level information. Thus higher green taste leads to less category learning behavior and reduces the information asymmetry. Furthermore, it suggests that higher green taste results in lower leverage and lower cost of capital of green firms.

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