Richard Lok-Si Ieong

Hi, I am a 3rd-year Ph.D. student in Finance at Zicklin School of Business, Baruch College, CUNY.

My resume will be available soon. Find my research projects on SSRN!


Working Papers

Hazed and confused: Prenatal pollutant exposure and CEO risk-taking

with P. Raghavendra Rau and YiLin Wu, is available on SSRN and is featured in the Insights of Cambridge Judge Business School, titled "CEOs: the risks they take may be influenced before birth"
Abstract: (click here)

Over the past several decades, a growing literature has documented the adverse health effects of pollution at the individual level. In this paper, we document the detrimental impact of prenatal exposures to pollution on CEOs. Specifically, we draw on the extensive medical literature documenting the cognitive and behavioral outcomes caused by developmental toxicants released by the most hazardous Superfund sites in the U.S., which were plausibly unknown when the CEOs were in utero. We find that CEOs with greater prenatal exposure to Superfund sites take more risks, but the risks do not pay off, adversely affecting the firms’ performances and the CEOs’ careers. Our results point to a large indirect effect of pollution on society beyond the immediate health effects, and demonstrate the role that prenatal exposure to pollution plays in affecting CEO risk-taking.

Exposure to common shocks and relative performance evaluation in CEO compensation contracts

with Shawn Thomas and YiLin Wu, is available on SSRN
A previous version of this paper circulated under the title, "Supply network linkages and CEO compensation contracts"
Abstract: (click here)

A fundamental but not thoroughly investigated prediction from principal-agent theory is that firms facing greater ex ante exposures to exogenous common shocks should more frequently utilize relative performance evaluation (RPE) in CEO compensation contracts. Recent advances in modeling the economy as a supply network consisting of sectors connected through input-output linkages establish that firms positioned more centrally or upstream in the supply network face greater ex ante exposure to exogenous common shocks. This paper investigates the impact of firms’ network positions on the use of RPE in CEO compensation. Taken together, our results indicate that a firm’s ex ante exposure to exogenous common shocks, as uniquely measured by its centrality or upstreamness, is an important determinant of the use, intensity, and implementation of RPE in CEO compensation contracts.

Work in Progress

Coming soon.


2023 FMA Annual Meeting*2

- "Propagation of ESG-linked compensation through boardroom connections" by Izidin El Kalak, Oksana Pryshchepa, Cong Wang, and Qingwei Wang
- "Can institutional investors influence social media sentiment?" by Heng Emily Wang and Xiaoyang Zhu



FIN 3000, Principles of Finance
- 2023 Fall, 2024 Spring (Scheduled)

FIN 5610 & 5611, Internship in Finance I & II
ECO 5010 & 5011, Internship in Economics I & II
BUS 3001-3006, Business Internship I-IV
- 2022 Spring - present (including winter and summer terms), as the Internship Coordinator for undergraduate students at the Bert W. Wasserman Department of Economics & Finance, Baruch College.

Teaching Assistant

ECO 1002, Principles of Macroeconomics
- 2022 Fall - 2023 Spring

Contact Me


1 Bernard Baruch Way, New York, NY 10010