Curriculum vitae, 11/22/2013
Bio: Dr. Lu Zhang is Professor of Finance and Dean’s Distinguished Chair in Finance at Max M. Fisher College of Business at The Ohio State University as well as Research Associate at National Bureau of Economic Research (Asset Pricing program). He also serves as Associate Editor for Journal of Financial Economics, a leading academic journal in Finance. Before joining Ohio State in 2010, he taught at Stephen M. Ross School of Business at University of Michigan and William E. Simon Graduate School of Business Administration at University of Rochester. Dr. Zhang has broad-ranging research interests in finance, with specialty in asset pricing, in connection with macroeconomics, corporate finance, labor economics, and capital markets research in accounting. Expanding efficient markets hypothesis and new classical macroeconomics, his research elaborates a unified conceptual framework that deepens our understanding of the driving forces behind the cross-sectional variation of expected stock returns. Dr. Zhang has published extensively at leading academic journals including Journal of Accounting Research, Journal of Finance, Journal of Financial Economics, Journal of Monetary Economics, Journal of Political Economy, Review of Economic Dynamics, and Review of Financial Studies. One chapter of his doctoral thesis "The value premium" won a Smith-Breeden Award (First Prize) for 2005 from American Finance Association and the Journal of Finance.
Recent publications (in the prior five years) include “A supply approach to valuation” (with Belo and Xue), Review of Financial Studies, 2013; “The investment manifesto” (with Lin), Journal of Monetary Economics, 2013; "Do time-varying risk premiums explain labor market performance?" (with Chen), Journal of Financial Economics, 2011; "Does q-theory with investment frictions explain anomalies in the cross-section of returns?" (with Li), Journal of Financial Economics, 2010; "The q-theory approach to understanding the accrual anomaly” (with Wu and Zhang), Journal of Accounting Research, 2010; “Investment-based expected stock returns” (with Liu and Whited), Journal of Political Economy, 2009; “Financially constrained stock returns” (with Livdan and Sapriza), Journal of Finance, 2009; “Anomalies” (with Li and Livdan), Review of Financial Studies, 2009.
Dr. Zhang has extensive teaching interests and experience at the undergraduate, M.B.A., and Ph.D. levels. He has taught a variety of courses including Investment Management, Derivative Securities, Capital Markets and Investment Strategy, Corporate Finance, Empirical Methodology in Finance, Theory of Finance, and Advanced Asset Pricing.
Jiangxi University of Finance and Economics, B.A. in Economics, 1993, University High Honors. The Graduate School of the People’s Bank of China (renamed PBC School of Finance, Tsinghua University), M.S. in Finance, 1996. Washington University in St. Louis, M.A. in Economics, 1997. The Wharton School, University of Pennsylvania, M.A. in Finance, 2000, Ph.D. in Finance, 2002.
Disclosure of outside activities: My primary affiliation is with The Ohio State University. In addition, I have had a few ad hoc consulting arrangements. During the last three years, the following outside institutions have paid me more than $10,000:
· Shanghai Jiao Tong University
· Shanghai University of Finance and Economics