Hi there 👋

Hello and welcome! I’m Bo Wu (武博), a Bachelor of Finance graduate from Beijing International Studies University under the mentorship of Prof. Hua Zhu. Graduating 5th in a cohort of 50, I excelled in courses such as Real Analysis and Financial Econometrics with guidance from Prof. Jia Zhai. My internships at CITIC Securities and Grant Thornton provided me with valuable, hands-on experience in market research and auditing.

Additionally, I honed my analytical and research skills through projects in quantitative analysis and mathematical modeling led by Prof. Xueqi Wang. Utilizing tools like Matlab, Python, and R, I deepened my understanding of economic impacts and policy evaluations. With a passion for quantitative finance, I am now preparing to pursue graduate studies to further advance my expertise in this dynamic field.

Feel free to contact me! CV (click here)

We choose to go to the Moon in this decade and do the other things, not because they are easy, but because they are hard; because that goal will serve to organize and measure the best of our energies and skills, because that challenge is one that we are willing to accept, one we are unwilling to postpone, and one we intend to win, and the others, too.

– John F. Kennedy

selected publications

econ.GN

Climate Risk and Corporate Value: Evidence from Temperature Bins and Panel Regression

Bo Wu

2025

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In empirical research, this article uses daily climate data provided by the National Oceanic and Atmospheric Administration (NOAA) of the United States to construct a temperature box with a range of 5℃, focusing on analyzing the impact of extreme high temperatures (>30℃) and extreme low temperatures (\le-10℃) on the asset value of enterprises. The results based on panel regression model show that extreme high and low temperatures can significantly reduce the asset value of enterprises. In the robustness test, this article used lagged climate data for testing, and the results still showed that extreme high temperatures had a significant negative impact on the asset value of enterprises, verifying the reliability of the benchmark regression results. In depth heterogeneity analysis shows that in the process of addressing climate risks, companies exhibit significant differentiation based on different ownership types and industry characteristics. According to research, state-owned enterprises are relatively less affected by extreme weather due to their resource advantages and policy preferences. In addition, foreign-funded enterprises demonstrate a high level of risk resistance due to their strong management efficiency and supply chain control capabilities. In the manufacturing sector, heavy industries such as steel and communication manufacturing are particularly affected by the negative effects of extreme weather, which fully demonstrates that these industries face more severe challenges when dealing with extreme weather conditions.
econ.GN

A Study on the Impact of Environmental Liability Insurance on Industrial Carbon Emissions

Bo Wu

2023

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In order to explore whether environmental liability insurance has an important impact on industrial emission reduction, this paper selects provincial (city) level panel data from 2010 to 2020 and constructs a two-way fixed effect model to analyze the impact of environmental liability insurance on carbon emissions from both direct and indirect levels. The empirical analysis results show that: at the direct level, the development of environmental liability insurance has the effect of reducing industrial carbon emissions, and its effect is heterogeneous. At the indirect level, the role of environmental liability insurance is weaker in areas with developed financial industry and underdeveloped financial industry. Further heterogeneity analysis shows that in the industrial developed areas, the effect of environmental liability insurance on carbon emissions is more obvious. Based on this, countermeasures and suggestions are put forward from the aspects of expanding the coverage of environmental liability insurance, innovating the development of environmental liability insurance and improving the level of industrialization.