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Ontario Tech acknowledges the lands and people of the Mississaugas of Scugog Island First Nation.

We are thankful to be welcome on these lands in friendship. The lands we are situated on are covered by the Williams Treaties and are the traditional territory of the Mississaugas, a branch of the greater Anishinaabeg Nation, including Algonquin, Ojibway, Odawa and Pottawatomi. These lands remain home to many Indigenous nations and peoples.

We acknowledge this land out of respect for the Indigenous nations who have cared for Turtle Island, also called North America, from before the arrival of settler peoples until this day. Most importantly, we acknowledge that the history of these lands has been tainted by poor treatment and a lack of friendship with the First Nations who call them home.

This history is something we are all affected by because we are all treaty people in Canada. We all have a shared history to reflect on, and each of us is affected by this history in different ways. Our past defines our present, but if we move forward as friends and allies, then it does not have to define our future.

Learn more about Indigenous Education and Cultural Services


Xinyao (Joseph) Zhou

Assistant Professor


Faculty of Business and Information Technology

Contact information

North Oshawa
2000 Simcoe Street North
Oshawa, ON L1G 0C5

905.721.8668 ext. 5393

Research topics

  • Empirical Asset Pricing
  • Investor Attention
  • Financial Econometrics
  • Social Interaction

Areas of expertise

  • Finance


Xinyao (Joseph) Zhou's research interest includes empirical asset pricing, financial econometrics, and international finance. His main research interests revolve around empirical asset pricing, focusing on explaining return anomalies in financial markets. Specifically, he investigates how certain factors impact financial markets, such as investor attention, social interaction, media news announcements, and macroeconomic news announcements. Prior to joining academia, Xinyao Zhou works as a Management Trainee and Financial Specialist at Unilever (China).


  • PhD in Finance Schulich School of Business, York University
  • Master of Science in Management - Finance Goodman School of Business
  • Bachelor of Business Administration Harbin Institution of Technology

Courses taught

Business Applications of Blockchain and Cryptocurrencies; Finance II

Research and expertise

“Does Social Interaction Spread Fear among Institutional Investors? Evidence from COVID-19” With Shiu-Yik Au, and Ming Dong, Management Science, Forthcoming.

“The Dynamic Effect of Macroeconomic News on the Euro/US Dollar Exchange Rate,” with Walid Ben Omrane, and Robert Welch, Journal of Forecasting, vol. 39-1, 2020, pp. 84-103.

“Time-varying Effects of Macroeconomic News on the Euro-Dollar returns,” with Walid Ben Omrane, Tanseli Savaser, and Robert Welch, North American Journal of Economics and Finance, 50, 2019, pp. 1-20.

“Macroeconomic News and Exchange Rate Volatility: Evidence of Unstable Effect,” with Walid Ben Omrane, and Robert Welch, Handbook of Global Financial Markets, Editors: Boubaker, S. and Nguyen, D., World Scientific, 2018.

“Exchange Rate Reaction to Trade Balance News,” with Walid Ben Omrane and Tanseli Savaser, Encyclopedia of International Economics and Global Trade, Editors: Rivera-Batiz, F.L. and Erbil, C., World Scientific, 2018.

  • SSHRC Partner Engagement Grant (PEG) 2022-2023
  • SSHRC Internal Explore Grant 2022-2023
  • SSHRC Internal Exchange Grant 2022-2023
  • SSHRC Insights Grant (IG) 2022-2026
    CO-INVESTIGATOR $125,861”