Faculty Profile

Full-time Faculty

Associate Professor of Finance

Lee Kong Chian School of Business

LKCSB

Education

2006	Ph.D Finance, Washington University in St. Louis , USA
2003	M.S.B.A Finance, Washington University in St. Louis , USA
1998	Finance, Tsinghua University , China

Jul 2015 - Now	Associate Professor of Finance Lee Kong Chian School of Business, Singapore Management University
Jul 2014 - Jun 2017	Area Coordinator of Finance
Jul 2007 - Jun 2015	Assistant Professor of Finance Lee Kong Chian School of Business, Singapore Management University

Sing Lun Fellowship Award, SMU, 2013
Dean's Teaching Honour List, SMU, 2012
The Best Paper Award at the Asia-Pacific Financial Market conference in Seoul, Korea, 2008
Highest Honors (top 2% of 2,200 graduates), Tsinghua University, 1998

Empirical Corporate Finance, Corporate Cash Holdings, Financial Analysts, Executive Compensation

“Sell-Side Analysts’ Benchmarks,” with Ohad Kadan, Leonardo Madureira, and Tzachi Zach, The Accounting Review, January 2020, Vol. 95, No. 1, pp. 211-232.
“Analyst Career Concerns, Effort Allocation, and Firms Information Environment," with Jarrad Harford, Feng Jiang, and Fei Xie. Review of Financial Studies, Volume 32, Issue 6, June 2019, Pages 2179-2224.
"Optimal CEO Compensation with Search: Theory and Empirical Evidence," with Melanie Cao, Journal of Finance, Vol. 68, No. 5, 2001-2058 (2013). Reprint in the Harvard Law School Forum on Corporate Governance and Financial Regulation.
"Analysts' Industry Expertise," with Ohad Kadan, Leonardo Madureira, and Tzachi Zach, Journal of Accounting and Economics, Vol. 54, Issues 2-3, 95-120 (2012), lead article.
"Conflicts of Interest and Stock Recommendations - The Effects of the Global Settlement and Related Regulations," with Ohad Kadan, Leonardo Madureira, and Tzachi Zach, Review of Financial Studies, Vol. 22, No. 10, 4189-4217 (2009).
"Corporate Financial Policy and the Value of Cash", by Rong WANG and Michael FAULKENDER, 2006 , 61 , The Journal of Finance, 1957-1990