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上海交通大學

個人簡歷

現任上海高級金融學院執行院長
現任上海高級金融學院金融學教授
曾任中歐國際工商學院主管研究的副教務長
曾任荷蘭銀行風險管理講席教授
曾在美國明尼蘇達大學卡爾森管理學院擔任金融學教授17年

研究領域

公司金融、銀行監管與風險管理、國際金融體系

教育背景

1982年 獲得華東師范大學數學系學士學位
1983年 獲得美國俄勒岡大學數學系碩士學位
1987年 獲得美國西北大學凱洛格管理學院管理經濟學和決策科學博士學位

學術兼職

曾擔任中國留美經濟學會會長
曾是研究中國經濟領頭的國際期刊《中國經濟評論》的執行主編

研究成果

主要論文:
[1] "The Dynamic Structure of Optimal Debt Contracts," Journal of Economic Theory, October, 1990.
[2] "Capital Structure as an Optimal Contract between Employees and Investors," Journal of Finance, July 1992.
[3] "Optimal Liquidation Rule and Debt in the Principal-Agent Model" (coauthored with Yijiang Wang), Economics Letters, 40, 1992.
[4] "Payout Policy, Capital Structure, and Compensation Contracts when Managers Value Control," Review of Financial Studies, 1993
[5] "The Nature of Township-Village Enterprises" (coauthored with Yijiang Wang), Journal of Comparative Economics 19, 434-452, 1994.
[6] "A Framework for Understanding Differences in Employment Stability and Human Capital Investment" (coauthored with Yijiang Wang), Journal of Economic Behavior and Organization, 28, 91-105, 1995.
[7] "Human Capital Investment under Asymmetric Information: the Pigovian Conjecture Revisited" (coauthored with Yijiang Wang), Journal of Labor Economics, 14, 505-519, 1996.
[8] “Some Empirical Implications of a Model of Human Capital Investment under Asymmetric Information” (coauthored with Yijiang Wang), Research in Labor Economics, 16, 103-117, 1997.
[9] “Moral Hazard under Commercial and Universal Banking” (with John Boyd and Bruce Smith), Journal of Money, Credit and Banking, 30, 426-468, 1998.
[10] “Towards a Model of the Organizations in China as a Partially Reformed Developing Economy,” (coauthored with Yijiang Wang), China Economic Review 1998.
[11] “Capital Structure as Optimal Contracts,” North American Journal of Economics and Finance 10, 363-385, 1999.
[12] "Choosing between Up-or-Out and Spot Contracts: Human Capital Investment versus Job-Matching Considerations," (coauthored with Yijiang Wang), Annals of Economics and Finance, 1, 189-210, 2000.
[13] “The Informational Requirement on Financial Systems at Different Stages of Economic Development: The Case of South Korea,” China Economic Quarterly, Vol. 1, No. 1, pp 111-126. 2001.
[14] “Deposit Insurance: A Reconsideration” (with John Boyd and Bruce Smith), Journal of Monetary Economics 49, 1235-1260, 2002.
[15] “Incentive Contracting versus Ownership Reforms: Evidence from China’s Township-Village Enterprises” (with Brian McCall and Yijiang Wang), Journal of Comparative Economics 31, 414-428, 2003.
[16] “Deposit Insurance and Bank Regulation in a Monetary Economy: a General Equilibrium Exposition” (with John Boyd and Bruce Smith), Economic Theory, 2004
[17] “Investment Opportunities, Liquidity Premiums and Conglomerate Mergers” (with Xiaoyun Yu), Journal of Business 77, 45-74, 2004
[18] "Informational Efficiency and Liquidity Premium as the Determinants of Capital Structure" (with Xiaoyun Yu), Journal of Financial and Quantitative Analysis 45 : 401-440, Cambridge University Press. April 2010.
[19] “Bookbuilding vs. fixed price revisited: The effect of aftermarket trading”(with Walid Busaba), Journal of Corporate Finance 16, 370–381, Elsevier, 2010.
[20] “ What are the Reliably Important Determinants of Capital Structure in China,” (with Xin Chen and Guanmin Liao), forthcoming, Pacific-Basin Finance Journal
[21] “Information from relationship lending: Evidence from China,” (with Liao Guanmin, Xiaoyun Yu, Zheng Ni),forthcoming, Journal of Money, Credit and Banking
主要著作:
[1] Corporate Finance for Chinese Entrepreneurs, in Chinese, Peking University Press, 2006
[2] Corporate Finance, in Chinese, Remin University Press, 2008
[3] Supply Chain Finance: New Finance in New Economy, (authored by a research team led by Chun Chang) published in Chinese, Shanghai Yuandong Publishing. January, 2009

聯系方式

[email protected]

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