Tat-kei Lai

lai3Assistant Professor
Department of Economics & Quantitative Methods
IÉSEG School of Management

Lille Économie Management UMR 9221 CNRS

Address: Socle de la Grande Arche,  1 parvis de La Défense
92044 Paris – La Défense Cedex, France
Email: t [dot] lai [at] ieseg [dot] fr


Ph.D. in Economics (2011), University of Toronto
– Advisors: Arthur J. Hosios (Co-chair), Aloysius Siow (Co-chair), Varouj A. Aivazian
B.Econ. (1st class honors, 1999), M.Econ. (2001), University of Hong Kong

Research Interests

Empirical microeconomics, Corporate finance


  1. “The Market for CEOs: An Empirical Analysis,”
    with Varouj A. Aivazian and Mohammad M. Rahaman
    Journal of Economics and Business, Vol. 67 (2013), 24-54.
  2. “The U.S. Finance Wage Premium Before and After the Financial Crisis: A Decomposition Exercise,”
    with Stella Capuano and Hans-Jörg Schmerer
    Applied Economics Letters, Vol. 21 (2014): 1144-1147.
  3. “The Impact of Product Market Competition on Training Provision: Evidence from Canada,”
    with Travis Ng
    Canadian Journal of Economics, Vol. 47 (2014), 856-888.
  4. “WTO Accession, Foreign Bank Entry, and the Productivity of Chinese Manufacturing Firms,”
    with Zhenjie Qian and Luhang Wang
    Journal of Comparative Economics, Vol. 44 (2016), 326-342.
  5. “Do Tax Havens Create Firm Value?”
    with Travis Ng and Siu Kai Choy
    Journal of Corporate Finance, Vol. 42 (2017), 198-220
    – Online appendix: http://www.chass.utoronto.ca/~ngkaho/Research/JCFAppendix.pdf
    – Previously circulated as “Do Treasure Islands Create Firm Value?”
  6. “Does Dividend Tax Impede Competition for Corporate Charters?”
    with Travis Ng
    Journal of Comparative Economics, forthcoming

Selected Working papers/Work in progress

  1. “Spillover Effects in Executive Compensation,”
    with Michele Battisti
  2. “Global Effects of U.S. Dividend Income Tax,”
    with Travis Ng and Kwok Ping Tsang (Paper)
  3. “Educated to be Trusting? Evidence from Europe,”
    with Kamhon Kan
  4. “Contagion Effects of Corporate Fraud Through Director Interlocks: Evidence from Bank Loans,”
    with Adrian Lei and Frank Song
  5. “Financial Market Frictions, Capital-skill Complementarity, and Skill Premium in China,”
    with Luhang Wang (In progress)

Last updated: 2017-08-21