Dr Peng Li

Dr Peng Li



I joined the Accounting and Finance Division as a Research Fellow in Jan 2017. Prior to this, I obtained my PhD in Finance from the University of Leeds and BA in Management and Economics (dual-degree) from Wuhan University, China.

Selected Working Papers

Market development, information Diffusion and the global anomaly puzzle (with Charlie Cai, Kevin Keasey and Qi Zhang), Journal of Financial Quantitative Analysis, forthcoming

What can explain momentum? Evidence from decomposition (with Jiaqi Guo and Youwei Li), Management Science (2nd round R&R)

Risk aversion and beta (with Jiaqi Guo)

Investor mix and mutual fund performance: a flow based measure of relative smartness (with Charlie Cai, Kevin Keasey and You Zhou)


Research interests

My research interests are empirical asset pricing (especially market anomalies and empirical asset pricing models), quantitative investment and behaviroal finance. My research prejects involve big data analytics including web scraping and machine learning. In addition, I am also an advocate of scientific replication to examine the robustness of previous findings.

Emacs and VS Code are my main coding editors. Python is my favoriate computer language and I am also using other computing tools: SAS, R and Stata.


  • PhD Finance, University of Leeds, UK
  • MSc Banking and International Finance, University of Leeds, UK
  • BA Management, Wuhan University, China
  • BA Economics, Wuhan University, China

Student education

I taught both PhD and master modules. I also provide database training.

Research groups and institutes

  • Centre for Advanced Studies in Finance