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Professor Chendi Zhang

Professor Chendi Zhang

Professor of Finance, Director of Exeter Sustainable Finance Centre and Director of Research (Finance and Accounting)

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 the Director of Exeter Sustainable Finance Centre. He is Director of Research (Finance and Accounting) at the University of Exeter Business School. He specialises in sustainable and responsible finance, corporate finance, behavioural finance, and emerging markets.

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 as a full Professor. 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 received research funding from the British Academy, Leverhulme Trust and World Bank.

He 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). He is an external examiner for Imperial College London and Loughborough University.

Qualifications

  • PhD Financial Economics (CentER, Tilburg)
  • MRes Finance (CentER, Tilburg)
  • MSc Economics (Tilburg)
  • BSc International Finance (Shanghai Jiao Tong)

Key publications | Publications by category | Publications by year

Publications by category


Journal articles

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, 9(3), 593-621. Abstract.  Full text. DOI.
Chen Y, Kumar A, Zhang C (2020). Searching for Gambles: Gambling Sentiment and Stock Market Outcomes. Journal of Financial and Quantitative Analysis, N/A Abstract.  Full text. DOI.
Albuquerque R, Koskinen Y, Zhang C (2018). 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


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, 9(3), 593-621. Abstract.  Full text. DOI.
Chen Y, Kumar A, Zhang C (2020). Searching for Gambles: Gambling Sentiment and Stock Market Outcomes. Journal of Financial and Quantitative Analysis, N/A Abstract.  Full text. DOI.

2018

Albuquerque R, Koskinen Y, Zhang C (2018). 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.

External positions

  • External examiner for Finance Masters programmes at Imperial College London and Loughborough University.
  • External examiner for PhD thesis at Universities of Manchester, Queen’s and Reading.
  • Referee for the Review of Financial Studies, Management Science, Journal of Financial and Quantitative Analysis, Review of Finance, Journal of Corporate Finance, Journal of Financial Intermediation, Journal of Money, Credit and Banking, Journal of Banking and Finance, Financial Management, British Journal of Management, Corporate Governance:  International Review, European Economic Review, European Financial Management, European Journal of Finance, Financial Review, Journal of Behavioural Decision Making, Journal of Business Ethics, Journal of Business Research, Journal of Economic Survey, Journal of Financial Services Research, Journal of International Financial Markets, Institutions and Money, and Journal of International Money and Finance.
  • Editorial Review Board member for the Journal of Business Research.
  • Grant reviewer for the Research Grants Council (RGC) of Hong Kong and Social Sciences and Humanities Research Council of Canada (SSHRC).
  • Book reviewer for McGraw-Hill Higher Education and Imperial College Press.