Ruixue (Rachel) Gao
Assistant Professor
Finance
Office
R.C. Vance Academic Center
424
Biography

Dr. Ruixue (Rachel) Gao is an Assistant Professor of Finance at Central Connecticut State University. She received her Ph.D. in Finance from Washington State University and holds a master’s degree in Finance from Washington University in St. Louis. Dr. Gao’s primary research interests lie in corporate finance, sustainable investment, innovation, gender and finance, and investor behavior. Her research has been published in academic journals including Applied Economics and Finance Research Letters. Her current research examines topics such as retail investor behavior, female inventors and green technology innovation, environmental technology transfer and carbon emissions, and prediction markets. She has presented her research at academic conferences including the Southwestern Finance Association Annual Meeting.

Education
Finance
Washington State University
2026
Business Administration
Washington State University
2025
Finance
Washington State University
2021
Finance
East Tennessee State University
2020
Areas of Expertise

Corporate Finance, Sustainable Investment, Innovation, Gender and Finance, Investor Behavior

Publications, Research & Presentations

Chen, Jingjing, Ruixue (Rachel) Gao, and George J. Jiang. "Do Robinhood investors care about ESG?." Applied Economics 57.58 (2025): 9979-9994.

Gao, Ruixue (Rachel), George J. Jiang, and Mario Reyes. "Robinhood: Simple App Simple Stocks." Finance Research Letters (2026): 110446.

Courses Taught

FIN 301 Intermediate Managerial Finance

FIN 310 Principles of Investments