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a Century of Excellence

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Dr. Thomas SCHMID


Assistant Professor

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3917 7766
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Dr. Thomas SCHMID

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Dr. Thomas SCHMID joined The University of Hong Kong as Assistant Professor in Finance in 2015.  Before joining, he finished his dissertation in Finance and worked as Post-Doctoral Researcher at Technische Universität München.  His main research area is empirical corporate finance.  Currently he is working on projects which investigate the impact of labor rights, operating flexibility, and product market characteristics on firms’ financing decisions.  Please refer to for his CV and more details.

Areas of Interest

Empirical Corporate Finance, with a focus on Corporate Governance, Labor Rights, and Product Markets


  • Doctorate, Technische Universität München
  • Diploma, Technische Universität München

Selected Publications

  • “Employee representation and financial leverage”,
    (with Chen Lin and Yuhai Xuan). Journal of Financial Economics, accepted
  • “Production flexibility, product markets, and capital structure decisions”,
    (with Sebastian J. Reinartz). Review of Financial Studies, 2016
  • “Control considerations, creditor monitoring, and the capital structure of family firms,” 
    Journal of Banking and Finance, 2013

For a full and up-to-date profile, please visit


Office Room 827, KK Leung Building
Tel. (852) 3917 7766

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