Dr Xiaoyan Zhou

Lead, Performance, Oxford Sustainable Finance Group

Profile

Dr Xiaoyan Zhou leads the Sustainable Finance Performance theme at the Oxford Sustainable Finance Group. Her research interests focus on Sustainable Investment, Transition Risk and Institutional Shareholder Engagement. She publishes in journals such as the Journal of Business Ethics (FT 50) and serves as reviewer for several academic journals including Nature Climate Changes. She won the PRI 2019 Best Quantitative Paper Award.

She holds a PhD in Finance from ICMA Centre, Henley Business School and MLitt in Finance and Management from University of St Andrews.

Projects

Publications

Journal (8)

Open

Zhou X and others, ‘An Empirical Analysis of Climate and Environmental Policy Risk, the Cost of Debt and Financial institutions’ Risk Preferences’ (2025) 144 Energy Economics

Sautner Z and others, ‘The EU Taxonomy and the Syndicated Loan Market’ [2025] Journal of Financial Services Research 1

Zhou X, Williams R and Shrimali G, ‘Corporate Net Zero Transition and Financing Cost: Evidence of Impact from Global Energy and Utilities Sectors’

Liu Y and others, ‘Carbon Emissions, Carbon Disclosure and Organizational Performance’ (2023) 90 International Review of Financial Analysis 102846

Hoepner A and others, ‘ESG Shareholder Engagement and Downside Risk’ (2023) 28 Review of Finance 483

Lu Y, Zhou X and Simmons B, ‘Empirical Analysis of Chinese Overseas Power Plant Investments: Likelihood of Suspensions and Associated Environmental Risks’ (2023) 26 iScience

Zhou X and others, ‘Bank Green Lending and Credit Risk: An Empirical Analysis of China’s Green Credit Policy’ (2022) 31 Business Strategy and the Environment 1623

Hoepner A, Majoch A and Zhou X, ‘Does an Asset owner’s Institutional Setting Influence Its Decision to Sign the Principles for Responsible Investment?’ (2019) 168 Journal of Business Ethics 389

Pre-print (1)

Open

Lu Y, Zhou X and Simmons B, ‘Environmental Risks and Power Plant Suspensions’