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Professor Chendi Zhang

Professor Chendi Zhang

Professor of Finance, Director of Research

4483

+44 (0) 1392 724483

1.08
Streatham Court, University of Exeter, Rennes Drive, Exeter, EX4 4PU, UK

Chendi Zhang is Professor of Finance and Director of Research (Finance and Accounting) at the University of Exeter. He specialises in corporate finance, sustainable and responsible investments, behavioural finance, and emerging markets finance.

He began his career working in investment banking in Shanghai and, after his PhD from Tilburg University in the Netherlands, worked as a consultant for Latin America and Caribbean region of the World Bank in Washington DC. He joined the Finance faculty of Warwick Business School, the University of Warwick, in 2007 as an Assistant Professor and was tenured in 2012 as an Associate Professor before moving to the University of Exeter in 2019. He was a Teaching Associate (Lecturer) at the Faculty of Economics, University of Cambridge.

Professor Zhang's research has been covered by the Economist, Wall Street Journal, Forbes, CNN, CBS and Harvard Law School Corporate Governance Forum, presented at the annual meetings of American Finance Association, Western Finance Association, European Finance Association, SFS Cavalcade and FIRS, and appeared in research/policy paper series of NBER, CEPR, ECGI and World Bank.

He has won "Outstanding MBA Teacher" and “Outstanding Contribution to Postgraduate Programme” teaching awards from Warwick Business School. He acted as a consultant on sustainable investing and emerging markets finance for the World Bank, International Finance Corporation (Washington DC), Robeco SAM (Zurich), Bank of New York Mellon and Newton Investment Management (London). He held visiting academic appointments at the Universities of Boston, Miami, Tilburg, Beijing Normal, and CUFE (China).

Qualifications

  • PhD (CentER, Tilburg)
  • MSc (CentER, Tilburg)
  • BSc (Shanghai Jiao Tong)

Key publications | Publications by category | Publications by year

Publications by category


Journal articles

Chen Y, Kumar A, Zhang C (In Press). Searching for Gambles: Gambling Sentiment and Stock Market Outcomes. Journal of Financial and Quantitative Analysis Abstract.  Full text.
Albuquerque R, Lei Z, Rocholl J, Zhang C (2020). Citizens United vs. FEC and corporate political activism. Journal of Corporate Finance, 60, 101547-101547. Full text. DOI.
Albuquerque R, Koskinen Y, Yang S, Zhang C (2020). Resiliency of Environmental and Social Stocks: an Analysis of the Exogenous COVID-19 Market Crash. The Review of Corporate Finance Studies Abstract.  Full text. DOI.
Albuquerque R, Koskinen Y, Zhang C (2019). Corporate Social Responsibility and Firm Risk: Theory and Empirical Evidence (Lead Article). MANAGEMENT SCIENCE, 65(10), 4451-4469. Full text. DOI.
SORGE M, ZHANG C, KOUFOPOULOS K (2017). Short-Term Corporate Debt around the World. Journal of Money, Credit and Banking, 49(5), 997-1029. DOI.
Lei Z, Zhang C (2016). Leveraged buybacks. Journal of Corporate Finance, 39, 242-262. DOI.
Goergen M, Renneboog L, Zhang C (2015). Do UK Institutional Shareholders Monitor their Investee Firms?. Journal of Corporate Law Studies, 8(1), 39-56. DOI.
Renneboog L, Ter Horst J, Zhang C (2011). Is ethical money financially smart? Nonfinancial attributes and money flows of socially responsible investment funds. Journal of Financial Intermediation, 20(4), 562-588. DOI.
Palomino F, Renneboog L, Zhang C (2009). Information salience, investor sentiment, and stock returns: the case of British soccer betting. Journal of Corporate Finance, 15(3), 368-387. DOI.
Renneboog L, Ter Horst J, Zhang C (2008). Socially responsible investments: Institutional aspects, performance, and investor behavior. Journal of Banking & Finance, 32(9), 1723-1742. DOI.
Renneboog L, Ter Horst J, Zhang C (2008). The price of ethics and stakeholder governance: the performance of socially responsible mutual funds. Journal of Corporate Finance, 14(3), 302-322. DOI.
Bellemare C, Krause M, Kröger S, Zhang C (2005). Myopic loss aversion: Information feedback vs. investment flexibility. Economics Letters, 87(3), 319-324. DOI.

Chapters

Renneboog L, Horst JT, Zhang C (2012). Money-Flows of Socially Responsible Investment Funds around the World. In  (Ed) Socially Responsible Finance and Investing: Financial Institutions, Corporations, Investors, and Activists, 455-477.  Abstract. DOI.
Sorge M, Zhang C (2009). Currency and maturity mismatches in latin america. In  (Ed) The Banking Crisis Handbook, 353-372.  Abstract. DOI.

Publications by year


In Press

Chen Y, Kumar A, Zhang C (In Press). Searching for Gambles: Gambling Sentiment and Stock Market Outcomes. Journal of Financial and Quantitative Analysis Abstract.  Full text.

2020

Albuquerque R, Lei Z, Rocholl J, Zhang C (2020). Citizens United vs. FEC and corporate political activism. Journal of Corporate Finance, 60, 101547-101547. Full text. DOI.
Albuquerque R, Koskinen Y, Yang S, Zhang C (2020). Resiliency of Environmental and Social Stocks: an Analysis of the Exogenous COVID-19 Market Crash. The Review of Corporate Finance Studies Abstract.  Full text. DOI.

2019

Albuquerque R, Koskinen Y, Zhang C (2019). Corporate Social Responsibility and Firm Risk: Theory and Empirical Evidence (Lead Article). MANAGEMENT SCIENCE, 65(10), 4451-4469. Full text. DOI.

2017

SORGE M, ZHANG C, KOUFOPOULOS K (2017). Short-Term Corporate Debt around the World. Journal of Money, Credit and Banking, 49(5), 997-1029. DOI.

2016

Lei Z, Zhang C (2016). Leveraged buybacks. Journal of Corporate Finance, 39, 242-262. DOI.

2015

Goergen M, Renneboog L, Zhang C (2015). Do UK Institutional Shareholders Monitor their Investee Firms?. Journal of Corporate Law Studies, 8(1), 39-56. DOI.

2014

Edmans A, Li L, Zhang C (2014). Employee Satisfaction, Labour Market Flexibility, and Stock Returns Around the World. NBER Working Paper No. 20300.

2012

Renneboog L, Horst JT, Zhang C (2012). Money-Flows of Socially Responsible Investment Funds around the World. In  (Ed) Socially Responsible Finance and Investing: Financial Institutions, Corporations, Investors, and Activists, 455-477.  Abstract. DOI.

2011

Renneboog L, Ter Horst J, Zhang C (2011). Is ethical money financially smart? Nonfinancial attributes and money flows of socially responsible investment funds. Journal of Financial Intermediation, 20(4), 562-588. DOI.

2009

Sorge M, Zhang C (2009). Currency and maturity mismatches in latin america. In  (Ed) The Banking Crisis Handbook, 353-372.  Abstract. DOI.
Palomino F, Renneboog L, Zhang C (2009). Information salience, investor sentiment, and stock returns: the case of British soccer betting. Journal of Corporate Finance, 15(3), 368-387. DOI.

2008

Renneboog L, Ter Horst J, Zhang C (2008). Socially responsible investments: Institutional aspects, performance, and investor behavior. Journal of Banking & Finance, 32(9), 1723-1742. DOI.
Renneboog L, Ter Horst J, Zhang C (2008). The price of ethics and stakeholder governance: the performance of socially responsible mutual funds. Journal of Corporate Finance, 14(3), 302-322. DOI.

2005

Bellemare C, Krause M, Kröger S, Zhang C (2005). Myopic loss aversion: Information feedback vs. investment flexibility. Economics Letters, 87(3), 319-324. DOI.