Faculty Profile

Education

Current Position(s) Held

Awards, Recognition and Honors

• The Lee Foundation Research Fellow 
• Singapore Management University , 2005 - 2006
• University of Iowa Ponder Fellowship, 2001 - 2003
• University of Iowa Graduate College Fellowship, 2000 - 2002
• Sanwa Bank Research Fellowship 
• National University of Singapore , 1999
• National University of Singapore Research Scholarship, 1997 - 1999

Research Interests

• Empirical Asset Pricing, Market Efficiency 
• Mutual funds, Institutional Investment

Selected Journal Articles (Refereed)

1. The Information in Asset Fire sales, by RINGGENBERG, Matthew; HUANG, Sheng; ZHANG, Zhe. (2022), Management Science, forthcoming.
2. Trading regularity and fund performance, by BUSSE, Jeffrey A.; TONG, Lin; TONG, Qing; ZHANG, Zhe. (2019), Review of Financial Studies, 32 (1), 374-422. 
3. Leverage change, debt overhang, and stock prices, by Cai, Jie; ZHANG, Zhe. (2011). Journal of Corporate Finance, 17 (3), 391-402.
4. International diversification with factor funds, by EUN, Cheol S.; LAI, Sandy; DE ROON, Frans; ZHANG, Zhe. (2010). Management Science, 56 (9), 1500-1518.
5. Expected volatility, unexpected volatility, and the cross-section of stock returns, by CHUA, Choong Tze; GOH, Jeremy; ZHANG, Zhe. (2010). Journal of Financial Research, 33 (2), 103-123. 
6. Institutional investors and equity returns: Are short-term institutions better informed?, by YAN, Xuemin (Sterling); ZHANG, Zhe. (2009). Review of Financial Studies, 22 (2), 893-924
7. A non-lattice pricing model of American options under stochastic volatility, by ZHANG, Zhe; LIM, Kian Guan. (2006). Journal of Futures Markets, 26 (5), 417-448. 
8. Does idiosyncratic risk really matter?, by BALI, Turan G.; CAKICI, Nusret; YAN, Xuemin; ZHANG, Zhe. (2005). Journal of Finance, 60 (2), 905-929.

Research Advisor/ Co-research Advisor to

1. SANG Bo, PhD in Business (Finance)