教授

 

个人简历

教育经历

2012.09 — 2017.07    清华大学经济管理学院  经济学博士

2014.12 — 2016.01    美国哥伦比亚大学  学术访问

2015.07                      世界银行  学术访问

2008.09 — 2012.07    对外经济贸易大学金融学院  经济学学士


工作经历

2023.01 —至今          对外经济贸易大学中国金融学院投资系 教授 博士生导师

2019.01 — 2022.12   对外经济贸易大学中国金融学院投资系 副教授 博士生导师

2017.08 — 2018.12   对外经济贸易大学中国金融学院投资系 讲师


研究方向

实证资产定价,行为金融,中国债券市场等


讲授课程

本科生:行为金融学,实证金融,微观经济学,证券投资组合管理,Security Investment(留学生全英授课),Academic Writing(留学生全英授课)

研究生:行为金融学,实证金融导论,应用公司金融研究方法,债务市场理论与实证



研究成果


科研论文

1.Pledgeability and Asset Prices: Evidence from Chinese Corporate Bond Markets, with Hui Chen (MIT), Zhuo Chen (Tsinghua University), Zhiguo He (University of Chicago), and Rengming Xie (CITIC), Journal of Finance, 2023 (78).


2.Withholding Bad News in the Face of Credit Default Swap Trading: Evidence from Stock Price Crash Risk, with Jeffrey Ng (Hong Kong University), Dragon Yongjun Tang (Hong Kong University), and Rui Zhong (University of Western Australia), Journal of Financial and Quantitative Analysis, forthcoming, 2022.


3.Investor Attention and Asset Pricing Anomalies, with Lei Jiang (Tsinghua University), Lin Peng (Baruch College, City University of New York), and Baolian Wang (University of Florida), Review of Finance, 2022 (26).


4.Ordeal by Innocence? Mandatory Data Breach Revelation and Strategic Manipulation of Real Business Activities, with Xiaoran Ni (Xiamen University), European Financial Management, 2024 (30).


5.Carbon Dioxide and Asset Pricing: Evidence from International Stock Markets, with Zhuo Chen (Tsinghua University), Andrea Lu (The University of Melbourne), and Libin Tao (University of International Business and Economics), Journal of Empirical Finance, 2024, forthcoming.


6.Locality Stereotype, CEO Trustworthiness and Stock Price Crash Risk: Evidence from China, with Leilei Gu (Central University of Finance and Economics) and Yuchao Peng (Central University of Finance and Economics), Journal of Business Ethics, 2022 (175).


7.Foreign bank entry deregulation and stock market stability: Evidence from staggered regulatory changes, with Tse-Chun Lin (Hong Kong University), Xiaoran Ni (Xiamen University), Journal of Empirical Finance, 2022 (69).


8.Does Privatization Reform Alleviate Ownership Discrimination? Evidence from the Split-share Structure Reform in China, with Zhengwei Wang (Tsinghua University), and Wuxiang Zhu (Tsinghua University), Journal of Corporate Finance, 2021 (66).


9.Communication and Comovement: Evidence from Online Stock Forums, with Lei Jiang (Tsinghua University), and Baozhong Yang (Georgia State University), Financial Management, 2019 (4).


10.Equity Index Futures Trading and Stock Price Crash Risk: Evidence from Chinese Markets, with Rui Zhong (University of Western Australia), Journal of Futures Markets, 2018 (38).


11.Liquidity in Cryptocurrency Market and Commonalities across Anomalies, with Bingbing Dong (Fudan University), Lei Jiang (Tsinghua University), and Yifeng Zhu (Central University of Finance and Economics), International Review of Financial Analysis, 2022 (81).


12.Distance, Transportation and the Underpricing of IPOs, with Zhangkai Huang (Tsinghua University) and Guangrong Ma (Renmin University). Review of Quantitative Finance and Accounting, 2019 (4).


13.Political Uncertainty and a Firm’s Credit Market Risk, with Rui Zhong (University of Western Australia), Journal of Financial Stability, 2017 (5).


14.《债券市场开放的价格效应与境外货币政策传导》,与苏治(中央财经大学)合作,《世界经济》,2023 (12).


15.《税制改革能否改善上市企业的短视动机:基于研发创新和盈余管理视角》,与倪骁然 (厦门大学)和姜磊(清华大学)合作,《金融学季刊》,2020 (2).


16.《地理位置、高铁与信息:来自中国IPO市场的证据》,与黄张凯(清华大学)、马光荣(中国人民大学),《世界经济》,2016 (9).


17.《产权性质、市场化改革与融资歧视——来自上市公司投资-现金流敏感性的证据》 ,与王正位(清华大学)、朱武祥(清华大学),《南开管理评论》,2014 (5).


18.《过度投资的理论与实证研究: 综述与反思》,与王正位(清华大学)、朱武祥(清华大学),《投资研究》,2014 (8).


19.《高管证券背景对上市公司增发行为的影响》,与孙艳梅(对外经贸大学)、潘慧峰(对外经贸大学),《财经科学》,2013 (5).


20.《大宗商品冲击与货币政策选择》,与姚余栋(大成基金)和刘维特(人民银行),《中国金融》,2017 (17).


工作论文

1.Political Determinants of Privatizations in China: A Natural Experiment Based on Politician Career, with Zhangkai Huang (Tsinghua University), Guangrong Ma (Renmin University), and Lixin Colin Xu (World Bank), 2023.


2.Salience Theory and Momentum Everywhere, with Jiaqi Guo (University of Birmingham), Peng Li (University of Bath), and Tse-Chun Lin (Hong Kong University), 2023.


3.Sticky Leverage and Debt Overhang: Evidence from Foreign-Denominated Debt in Latin America, with Guojun Chen (SAFE Investment Company) and Shaowen Luo (Virginia Tech), 2023.


4.The Effects of Privatization on Firm Productivity in China, with Zhangkai Huang (Tsinghua University), Guangrong Ma (Renmin University), and Lixin Colin Xu (World Bank), 2023.


会议报告

美国经济协会年会 (Poster Session) (AEA, American Economic Association), 2023

美国金融协会年会 (AFA, American Finance Association Annual Meeting), 2020

欧洲金融协会年会 (EFA, European Finance Association Annual Meeting), 2019

中国金融国际年会 (CICF, China International Conference in Finance, 2015, 2017, 2019)

金融学研究北美年会 (SFS, Society for Financial Studies Cavalcade North America), 2019

NBER夏季会议 (NBER Summer Institute), 2019

金融中介研究协会 (FIRS, Financial Intermediation Research Society’s Annual Conference), 2019

第九届Erasmus流动性会议 (Ninth Erasmus Liquidity Conference, 2019)

金融管理学年会 (FMA, Financial Management Association Annual Meeting, 2016, 2017)

SAIF夏季金融学研讨会 (SIF, Summer Institute of Finance, 2016)

欧洲金融管理学年会 (EFMA, European Financial Management Annual Meeting, 2016)

上海纽约大学金融波动研究所年会 (VINS, The 2nd Annual Volatility Institute at NYU Shanghai Conference, 2016)

科斯经济学研讨会 (Ronald Coase Workshop, 2016)

中国财务与会计学术研讨会 (China Finance and Accounting Conference, 2014)


纵向课题

2022-2025主持 国家自然科学基金面上项目:“债券市场开放环境下债券定价效率、流动性与风险传染机制研究”

2018-2021主持 国家自然科学基金青年项目:“政府隐性担保、债券市场摩擦与中国信用债券定价”(已结项)



荣誉与奖励


教学奖励

2022、2023年:金融教指委“中国金融专业学位案例中心案例大赛”获奖入库案例

2022年:北京市优秀本科毕业论文指导教师

2021年:对外经济贸易大学第八届青年教师教学基本功比赛二等奖、最佳教案奖

2021年:对外经济贸易大学首届课程思政教学比赛二等奖


科研奖励

2024年:The Journal of Finance Dimensional Fund Advisors优秀论文奖(DFA Distinguished Paper Award)(原Smith Breeden奖)

2023年:第22届中国金融工程学年会优秀论文奖

2023年:公司治理国际研讨会(2023)优秀论文奖

2021年:对外经济贸易大学第九批“惠园杰出青年学者”

2021年:中国第九届投资学年会优秀论文(教师组)三等奖

2019年:北美SFS Cavalcade“亚瑟·沃加”最佳固定收益论文奖(Arthur Warga Award)

2015年:中国金融国际年会(CICF)最佳论文奖(Yihong Xia Best Paper Award)

2015年:小林实中国经济学奖学金

2014年:厦门大学数量经济学博士论坛最佳论文奖

2014年:博士生国家奖学金

2013、2015年:清华大学综合一等奖学金

2012年:对外经济贸易大学首届十大杰出学生

2009、2010、2011年:本科生国家奖学金

2009、2010、2011年:北京市三好学生



社会服务


主要兼职

China Finance Review International期刊青年编委,Management Science, Review of Finance, Journal of Corporate Finance, European Financial Management, Accounting and Finance, Emerging Markets Finance and Trade等杂志匿名审稿人