Ning Zhu
Visiting Professor of Management
Professor Zhu is currently the Deputy Director and Professor of Finance at the Shanghai Advanced Institute of Finance. Prior to joining the faculty of SAIF, Prof. Zhu served as Associate Professor in University of California, Davis and Special Term Professor in Beijing University. He also has explored his academic expertise on being Executive Director, Head of Portfolio Advisory, Nomura International (2008-2009) and Senior Vice President, Head of Quantitative Equity Strategies, Lehman Brothers (Asia) in 2008.In University of California, Davis, Prof.Zhu teaches several financial and statistical courses, involving Investments, Hedge funds, Data Analysis for Managers, and so forth. And also, Prof. Zhu teaches the course in Behavioral Finance in SAIF.
Prof. Zhu has published widely at leading academic journals such as Journal of Finance, Management Science, European Financial Management, Economic History Review, Journal of Contemporary Accounting and Economics, Journal of Financial and Quantitative, Review of Financial Studies, Journal of Financial Markets, Journal of Legal Studies, Journal of International Money and Finance, among others. Also, He co-authored several books, including Short Selling, China’s Financial Sector Development and Regulatory Reform: challenges and Opportunities, Behavioral Finance, etc.
His outstanding contributions on research and teaching were recognized and honored by Best Paper Award at Emerging Market Group/CASS Conference (2008), TCFA-CICC Best Paper Awards from 2006 to 2008, Chiang Ching-Kuo Research Grant from Taiwan (2007), Best Paper Award by Journal of Contemporary Accounting and Economics (2006), Best Paper Award, China International Finance Research Conference (1st place) in 2005. And Prof. Zhu was the recipient of New Faculty Research Grant of UC Davis and Best Paper Award (runner up) of European Finance Association in 2004. With his financial expertise, Prof. Zhu is a member of American Finance Association.
Stealth Compensation: Scrutinizing Stock Buybacks
In the midst of the financial crisis and taxpayer-funded bailouts of the likes of AIG, public outrage and government scrutiny over the pay packages of executives at companies receiving federal aid has reached new heights. Largely missing from the debate over executive compensation is the unintended consequence that accounting rules have on rewards in the form of stock buybacks.
Extreme Spending – Not Dire Straits – Fuel Personal Bankruptcies
Household bankruptcy filings have spiked over the past two decades. According to the American Bankruptcy Institute, 412,510 personal bankruptcies were filed in 1985 compared to 2,039,214 in 2005. During that period, personal bankruptcies rose from 0.3 percent to 1.8 percent of all U.S. households. Bank and credit card companies have reportedly lost tens of billions of dollars every year as a consequence of the upward trend in consumer bankruptcy filings. The ripple effect of the current credit crisis continues fuel filings. But what else is pushing families to the economic brink?
NYSE Bid-Ask Spread Wider on Cloudy Days, UC Davis and Yale Study Finds
Ning Zhu, an assistant professor of finance at the GSM, and William Goetzmann, professor of finance and management studies at Yale University’s School of Management. find that market makers on the floor of the New York Stock Exchange are more averse to risk on overcast days.