showSidebars ==
showTitleBreadcrumbs == 1
node.field_disable_title_breadcrumbs.value ==

Faculty Profile

Joe ZHANG's photo

Joe ZHANG

Full-time Faculty

Associate Professor of Finance; PGR Coordinator, Finance

Lee Kong Chian School of Business LKCSB

Education

2004 Ph.D., University of Iowa
1999 M.Sc., National University of Singapore
1997 B.E., Tsinghua University

Current Position(s) Held

2012 - Now Associate Professor of Finance 
Lee Kong Chian School of Business, Singapore Management University
2004 - 2012 Assistant Professor of Finance 
Lee Kong Chian School of Business, Singapore Management University

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)
68280727
Curriculum Vitae

Research Areas and Areas of Expertise

Strategic Priorities

Highlights
1
Publications
8
H-Index (All Time)
2525
Citations (All Time)
Zhe (Joe) Zhang is an accomplished finance scholar specializing in asset pricing, market efficiency, and institutional investment, with extensive contributions to both academic research and graduate education.

Recognized for rigorous empirical and theoretical work bridging institutional and retail investment dynamics, integrating advanced quantitative and machine learning methods; consistently contributes to understanding market efficiency and investor information; strong record of publication in top-tier journals and leadership in academic program development.

Focused research areas include Market information efficiency, trading and holdings of institutional and retail investors, performance persistence, volatility and risk modeling, and the impact of trading regularity on fund performance.
Areas of Expertise
Empirical asset pricingInstitutional investment
This highlights are AI-generated content using the faculty's CV.

Education

2004 Ph.D., University of Iowa
1999 M.Sc., National University of Singapore
1997 B.E., Tsinghua University

Current Position(s) Held

2012 - Now Associate Professor of Finance 
Lee Kong Chian School of Business, Singapore Management University
2004 - 2012 Assistant Professor of Finance 
Lee Kong Chian School of Business, Singapore Management University

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)