Staff profile

Professor Guo has international experience in teaching at postgraduate (MSc, MA), and undergraduate (BSc) levels.

Professor Guo has been shortlisted by Economist Magazine for “2013 Business Professor of the Year Award” for his excellence on high-quality teaching.

In 2010, Professor Guo was appointed as Deputy Director for Institute of China Development and Research, establishing and managing collaborations on behalf of the school with Chinese authorities and universities that aim to encourage the development of high-quality research collaborations as well as executive training programmes and student exchange.

Professor Guo has several research interests, while his main focus is on Chinese Business and Finance, Corporate Finance, and Behavioural Finance. More specifically:

• Behavioural Corporate Finance and M&As
• Hedge Fund Activism
• Capital Structure and Market timing
• Media Attention and Investor Sentiments

Mini Biography

Michael's main interests lie in mergers and acquisitions and corporate finance, he also specializing in hedge fund activism and investor sentiment.

• Chinese Political Connection and M&As
• Capital Structure and Market timing
• Media Attention and Stock Return

Journal Article

• Zhou, B., Guo, M., Hua, J., & Doukas, A. (online). Does State Ownership Drive M&A Performance? Evidence from China. European Financial Management, https://doi.org/10.1111/j.1468-036x.2012.00660.x
• Ren, X., Dong, Y., Guo, J. M., & Liu, Y. (2023). Institutional ownership and corporate greenhouse gas emissions: The evidence from China. Pacific-Basin Finance Journal, 82, Article 102135. https://doi.org/10.1016/j.pacfin.2023.102135
• Chen, Z., Wang, Y., Guan, Y., Guo, M. J., & Xu, R. (2023). Long-term effect of childhood pandemic experience on medical major choice: Evidence from the 2003 severe acute respiratory syndrome outbreak in China. Health Economics, 32(5), 1120-1147. https://doi.org/10.1002/hec.4659
• Zheng, Z., Li, J., Ren, X., & Guo, J. M. (2023). Does corporate ESG create value? New evidence from M&As in China. Pacific-Basin Finance Journal, 77, Article 101916. https://doi.org/10.1016/j.pacfin.2022.101916
• Xu, R., Liu, Y., Hu, N., & Guo, M. (2022). What Drives Individual Investors in the Bear Market?. The British Accounting Review, 54(6), Article 101113. https://doi.org/10.1016/j.bar.2022.101113
• Zheng, Z., Tang, K., Liu, Y., & Guo, M. (2021). Gender and Herding. Journal of Empirical Finance, 64, 379-400. https://doi.org/10.1016/j.jempfin.2021.10.005
• Li, J., Guo, M., Hu, N., & Tang, K. (2021). Do Corporate Managers Believe in Luck? Evidence of the Chinese Zodiac Effect. International Review of Financial Analysis, 77, Article 101861. https://doi.org/10.1016/j.irfa.2021.101861
• Zheng, Z., Li, M., Li, Q., & Guo, M. (2021). The Logic of Control Arrangement of Acting-in-Concert Agreements. Shijie jingji (Beijing. 1978), 44(4), 201-224
• Guo, M., Li, Y., Wang, C., & Xing, X. (2020). The Role of Investment Banker in M&As: New Evidence on Acquirers' Financial Conditions. Journal of Banking and Finance, 119, Article 105298. https://doi.org/10.1016/j.jbankfin.2018.02.004
• Sun, J., Zhou, Y., Wang, J. G., & Guo, J. M. (2020). Influence of Media Coverage and Sentiment on Seasoned Equity Offerings. Accounting and Finance, 60(S1), 557-585. https://doi.org/10.1111/acfi.12334
• Guo, M., Paudyal, K., Utham, V., & Xing, X. (2020). Investors Activism and the Gains from Takeover Deals. European Journal of Finance, 26(1), 64-83. https://doi.org/10.1080/1351847x.2019.1680407
• Guo, M., Liu, J., He, Q., & Xin, J. (2020). Managerial Overconfidence and M&A Performance: Evidence from China. International Journal of Banking, Accounting and Finance, 11(3), 342-360. https://doi.org/10.1504/ijbaaf.2020.10028269
• Yang, B., Sun, J., Guo, M., & Fu, J. (2019). Can Financial Media Sentiment Predict Merger and Acquisition Performance?. Economic Modelling, 80, 121-129. https://doi.org/10.1016/j.econmod.2018.10.009
• Li, Z., Guo, M., & Andrikopoulos, P. (2019). Relative Reference Prices and M&A Misvaluations. Review of Behavioural Finance, 11(1), https://doi.org/10.1108/rbf-04-2018-0036
• Guo, M., Hu, N., Li, L., & Wang, X. (2019). Do Managers Keep Their Word? The Disclosure of Merger Intention at Pre-merger Issuance and M&A Performance. Finance Research Letters, 28, 20-31. https://doi.org/10.1016/j.frl.2018.03.007
• Yang, J., Guariglia, A., & Guo, J. (2019). To what extent does corporate liquidity affect M&A decisions, method of payment and performance? Evidence from China. Journal of Corporate Finance, 54, 128-152. https://doi.org/10.1016/j.jcorpfin.2017.09.012
• Guo, M., Li, X., Seeger, N., & Vagenas-Nanos, V. (2019). Social Connections, Reference Point and Acquisition Premium. The British Accounting Review, 51(1), 46-71. https://doi.org/10.1016/j.bar.2018.07.001
• Guo, J., Guang, J., Hu, N., & Utham, V. (2018). The Role of Derivatives in Hedge Fund Activism. Quantitative Finance, 18(9), 1531-1541. https://doi.org/10.1080/14697688.2018.1444490
• Guan, Y., Liu, S., Guo, M., Li, M., Wu, M., Chen, S., Xu, S., & Tian, L. (2018). Acculturation Orientations and Chinese Student Sojourners’ Career Adaptability: The Roles of Career Exploration and Cultural Distance. Journal of Vocational Behavior, 104, 228-239. https://doi.org/10.1016/j.jvb.2017.11.008
• Gang, J., Guo, M., Hu, N., & Li, X. (2018). Indexing Mergers and Acquisitions. Quantitative Finance, 18(6), 1033-1048. https://doi.org/10.1080/14697688.2017.1369145
• Black, E., Guo, M., Hu, N., & Vagenas-Nanos, E. (2017). Uncertainty Triggers Overreaction: Evidence from Corporate Takeovers. European Journal of Finance, 23(14), 1362-1389. https://doi.org/10.1080/1351847x.2016.1202296
• Andrikopoulos, P., Sun, J., & Guo, M. (2017). Ownership Structure and the Choice of SEO Issue Method in the UK. International Journal of Managerial Finance, 13(4), 378-396. https://doi.org/10.1108/ijmf-04-2017-0069
• Sun, J., Ding, L., Guo, M., & Li, Y. (2016). Ownership, Capital Structure and Financing Decision: Evidence from the UK. The British Accounting Review, 48(4), 448-463. https://doi.org/10.1016/j.bar.2015.04.001
• Lam, H., Doukas, A., Guo, M., & Xiao, S. (2016). Media endorsements of new product announcements : a new marketing strategy. European Financial Management, 22(3), 394-426. https://doi.org/10.1111/eufm.12057
• Black, E., Doukas, A., Xing, X., & Guo, M. (2015). Gains to Chinese Bidder Firms: Domestic vs. Foreign Acquisitions. European Financial Management, 21(5), 905-935. https://doi.org/10.1111/j.1468-036x.2013.12031.x
• Ferguson, N., Philip, D., Lam, H., & Guo, M. (2015). Media content and stock returns : the predictive power of press. Multinational finance journal, 19(1), 1-31
• Guo, J., & Petmezas, D. (2012). What are the Causes and Effects of M&As? The UK Evidence. Multinational finance journal, 16(1/2), 1-27
• Zhou, B., Guo, M., Chen, X., & Yang, T. (2012). Market Timing of Corporate Debt Issuance: Prediction or Reaction?. Applied financial economics, 22(21), 1753-1769. https://doi.org/10.1080/09603107.2012.669460
• Doukas, J., Guo, M., & Zhou, B. (2011). “Hot” Debt Markets and Capital Structure. European Financial Management, 17(1), 46-99. https://doi.org/10.1111/j.1468-036x.2010.00549.x
• Antoniou, A., Guo, M. (., & Petmezas, D. (2008). Merger momentum and market valuations: the UK evidence. Applied financial economics, 18(17), 1411-1423. https://doi.org/10.1080/09603100701720468