Courses currently being offered:
Advanced Financial Management (undergraduate level)
Financing, Mergers, Acquisitions and Corporate Control (Ph.D. level)
Courses taught in the past at ZJU:
Principles of Financial Management
Fixed Income Securities
Research projects:
Dynamic transmission mechanism of contagious risk and its impact on corporate investment, National Natural Science Foundation of China, 2016-2019
Completed research projects:
UK-China ‘Developing financial system to support sustainable development in China’ Joint Panel, National Natural Science Foundation of China, 2016
Research on the transmission mechanism of economic risk in Zhejiang insurance market, Zhejiang Provincial Natural Science Foundation of China, 2012-2013
Research on the economic risk transmission model and insurance market volatility, Humanities and Social Sciences Foundation of the Ministry of Education of China, 2012-2013
Research on financial crisis and market transmission effect, “Program for New Century Excellent Talents in University”, Ministry of Education, China, 2010-2012
Selected Publictions:
• Venture Capital Staging Under Economic Policy Uncertainty,International Review of Economics & Finance (SSCI), 2022 (78), 572-596
• Are Mutual Fund Manager Skills Transferable to Private Funds? International Review of Economics & Finance (SSCI), 2021 (76), 614-638
• Financial Market Development, Market Transparency, and IPO Performance, Pacific-Basin Finance Journal (SSCI), 2019 (55), 63-81
• Losing by Learning? A Study of Social Trading Platform, Finance Research Letters (SSCI), 2019 (28), 171-179
• Thriving in a disrupted market: A study of Chinese hedge fund performance, Pacific-Basin Finance Journal (SSCI), 2018 (48), 210-223
• Does internationalization increase exchange rate exposure? — Evidence from Chinese financial firms, International Review of Financial Analysis (SSCI), 2018 (56), 253-263
• Different strokes by different folks: The dynamics of hedge fund systematic risk exposure and performance, International Review of Economics & Finance (SSCI), 2017
• Non-interest Income, Trading, and Bank Risk, Journal of Financial Services Research (SSCI), 2017
• Corporate Governance and Risk-taking of Chinese Firms: The Role of Board Size, International Review of Economics & Finance (SSCI), 2015
• Which Types of Traders and Orders Profit from the Futures Market Trading? Journal of Derivatives (SSCI), 2014
• Economic Policy Uncertainty and Corporate Investment: Evidence from China, Pacific-Basin Finance Journal (SSCI), 2014
• Are College Chief Executives Paid Like Corporate CEOs or Bureaucrats? Applied Economics (SSCI), 2013
• Mutual Fund Governance and Performance: A Quantile Regression Analysis of Morningstar's Stewardship Grade, Corporate Governance: An International Review (SSCI), 2011
• Stock and Option Market Divergence in the Presence of Noisy Information, Journal of Banking & Finance (SSCI), 2011
• Does 'Hot Money' Drive China's Real Estate and Stock Markets? International Review of Economics & Finance (SSCI), 2010
• The Dynamic Impact of Macro Shocks on Insurance Premiums, Journal of Financial Services Research (SSCI), 2009
• Hourly Index Return Autocorrelation and Conditional Volatility in an EAR-GJR-GARCH Model with Generalized Error Distribution, Journal of Empirical Finance (SSCI), 2008
• Determinants of the Japanese Yen Interest Rate Swap Spreads: Evidence from a Smooth Transition Vector Autoregressive Model, Journal of Futures Markets (SSCI), 2008
• Swap Curve Dynamics across Markets: Case of US Dollar vs. HK Dollar, Journal of International Financial Markets, Institutions & Money (SSCI), 2008
• Deposit Insurance and Banking Supervision in China: The Agenda Ahead, Geneva Papers on Risk and Insurance (SSCI), 2008
• Macro Shocks and the Japanese Stock Market, Applied Financial Economics, 2008
• Author Affiliation Index, Finance Journal Rankings, and the Pattern of Authorship, Journal of Corporate Finance (SSCI), 2007
• The Role of Oil Price Shocks on China's Real Exchange Rate, China Economic Review (SSCI), 2007
• The Effect of Fed Monetary Policy Regimes on the U.S. Interest Rate Swap Spreads, Review of Financial Economics, 2007
• Modeling Swap Spreads: The Roles of Credit, Liquidity and Market Volatility, Review of Futures Markets, 2006
Refereed Conferences:
• 'Location Matters: Financial Market Development, Market Transparency, and IPO Returns', 2018 Annual Meeting of Financial Management Association International (FMA), San Diego
• 'Non-interest Income, Trading, and Bank Risk', 2013 Annual Meeting of Financial Management Association International (FMA), Chicago
• 'Are Hedge Funds Exposed to Systematic Risk Factors? An Analysis of Hedge Fund Strategy and Performance over Market Regimes', 2012 FMA Annual Meeting, Atlanta
• 'Are Hedge Funds Exposed to Systematic Risk Factors?' 2012 Asian Financial Association Conference, Taiwan
• 'What Type of Traders and Orders Profit from the Futures Market Trading?' 2011 FMA Annual Meeting, Denver
• 'Anatomy of Hedge Fund Performance over Market Cycles and across Return Distribution: A Quantile Regression Analysis', 2010 Asian Financial Association Conference, Hong Kong
• 'Stock and Option market Divergence in the Presence of Noisy Information,' 2010 Asian Finance Association Conference, Hong Kong
• 'Are College Presidents Paid Like Corporate CEOs or Bureaucrats? Implication from the Analysis of College Presidential Compensation', 2009 FMA Annual Meeting, Reno
• 'Anatomy of Hedge Fund Performance over Market Cycles and across Return Distribution', 2009 FMA Annual Meeting, Reno
• 'The Discrepancy of Rationality between the Options and Equity Markets: Evidence from Price Pressure Driven by 'Mad Money'?', 2008 FMA Annual Meeting, Dallas
• 'Are College Presidents Paid Like Corporate CEOs? An Analysis of the Determinants of College Presidential Compensation', 2008 Asian Finance Association Conference, Yokohama, Japan
• 'Determinants of the Japanese Yen Interest Rate Swap Spreads: Evidence from a Smooth Transition Vector Autoregressive Model', 2007 FMA Annual Meeting, Orlando
• 'What Drives Insurance Premiums in the U. S. Market?' 2007 Asian Finance Association Conference, Hong Kong
