Jianing Zhang

• Ph.D. in Finance, Pennsylvania State University, University Park, USA, 2008−2013.
• Ph.D. in Polymer Science and Engineering, University of Massachusetts, Amherst, USA, 2002−2008.
• M.S. in Macromolecular Chemistry and Physics, Fudan University, Shanghai, China, 1999−2002.
• B.E. in Polymer Materials, Tongji University, Shanghai, China, 1995−1999.

• Assistant Professor of Finance, College of Business and Public Management, Wenzhou-Kean University, Wenzhou, China, 2019−Present.
• Interim Finance Program Director, College of Business and Public Management, Wenzhou-Kean University, Wenzhou, China, 2023−Present.
• Director of Quantitative Finance Research Institute, Wenzhou-Kean University,  Wenzhou, China, 2023−Present.
• Associate Director of Center for Big Data and Decision-Making Technologies, Wenzhou-Kean University, Wenzhou, China, 2021−Present.
• Associate Professor of Finance, School of Finance, Shanghai University of Finance and Economics, Shanghai, China, 2016−2019.
• Assistant Professor of Finance, School of Finance, Shanghai University of Finance and Economics, Shanghai, China, 2013−2016.

Born in Henan province of China, Dr. Zhang is a U.S. citizen with Chinese permanent resident status. He holds a Ph.D. in Finance from the Pennsylvania State University and another Ph.D. in Polymer Science and Engineering from the University of Massachusetts. Before joining WKU in 2019, he was an associate professor of finance in the School of Finance at the Shanghai University of Finance and Economics.

Dr. Zhang’s research interests encompass corporate governance, financial institution, market microstructure, and ESG. He has published extensively in academic journals, including Journal of Banking & Finance, Finance Research Letters, Financial Review, International Review of Financial Analysis, International Review of Economics & Finance, International Review of Finance, International Journal of Finance & Economics, International Journal of Emerging Markets, Environmental Economics, Cogent Economics & Finance, Asia-Pacific Financial Markets, International Advances in Economic Research, and Review of Pacific Basin Financial Markets and Policies. Dr. Zhang's works are accessible on Google Scholar: https://scholar.google.com/citations?user=xruHffsAAAAJ&sortby=pubdate

Dr. Zhang has received multiple awards and recognitions for his academic achievements. In 2014, he was enrolled in the Pujiang Talent Program of Shanghai, and in 2022, he was selected for the Ouyue Talent Program of Wenzhou. He won the WKU Award for Excellence in Research and Creativity in 2023. He is also an academic committee member of the European Institute for Research & Development and a member of the Zhejiang Society of Graduate Education (ZSGE) Expert Pool. Dr. Zhang is the first participant for two projects sponsored by the National Natural Science Foundation of China, and a member of the Wenzhou Doctoral Innovation Station. He serves as the principal investigator for the General Program of the Department of Education of Zhejiang Province, the Wenzhou Philosophy and Social Science Key Research Center Program, and the Service and Technology Innovation Program of the Wenzhou Association for Science and Technology.

Dr. Zhang’s teaching excellence is also highly regarded. His course FIN 3380, Introduction to Derivatives, was rated as the First-Class Course in Zhejiang Province in 2021. He won the WKU Award for Excellence in Teaching in 2022. The student teams mentored by Dr. Zhang won a Merit Award in the 2021 S&P Global Corporate Valuation Challenge, and won the second and third prizes in the 2021 DGM Corporate Valuation Challenge. The 72 WKU student teams, organized by Dr. Zhang, are collectively ranked 2nd among 332 Chinese universities and 19th among 5000+ global universities in Stage 1 of the 2024 International Quant Championship. The finance club he advised has earned the WKU Four-Star Student Club Award multiple times.

• Corporate governance
• Financial institution
• Market microstructure
• Environmental, social, and governance (ESG)

Note: The underlined coauthors are WKU undergraduates.

1. Wen, R., Xue, C., & Zhang, J. (2024). The relationship between CEO characteristics and corporate social responsibility: Evidence from China. International Symposia in Economic Theory and Econometrics, forthcoming. (Scimago−Q2).
2. Lai, S., Liu, S., Pu, X., & Zhang, J. (2024). The real effect of CDS trading: Evidence from corporate employment. International Review of Finance, published online. (SSCI−Q2, ABDC−A, Scimago−Q2). https://doi.org/10.1111/irfi.12464
3. Yao, S., & Zhang, J. (2024). The informativeness of the top holdings of Chinese equity mutual funds. International Journal of Emerging Markets, published online. (SSCI−Q1, ABS−1, ABDC−B, Scimago−Q2). https://doi.org/10.1108/IJOEM-04-2022-0553
4. Liu, Y., McDowell, S., Xue, C., & Zhang, J. (2024). Environmental, social, and governance performance: The role of Chinese employee stock ownership plans. Environmental Economics, 15(2), 132−148. (ABS−1, Scimago−Q2). https://doi.org/10.21511/ee.15(2).2024.10
5. Xu, Q., Xue, C., & Zhang, J. (2024). The impact of CEO’s age on corporate performance in the medical industry: Evidence from China. International Journal of Monetary Economics and Finance, 17(2/3), 160−169. (ABDC−C, Scimago−Q4). https://doi.org/10.1504/IJMEF.2024.139039
6. Baklaci, H.F., Cheng, I.W., & Zhang, J. (2024). Performance attributes of environmental, social, and governance exchange-traded funds. Asia-Pacific Financial Markets, 31(2), 307−334. (ABS−2, ABDC−C, Scimago−Q3). https://doi.org/10.1007/s10690-023-09416-9
7. Huang, Y., Xu, T., Xue, C., & Zhang, J. (2024). How does the Bitcoin sentiment index of fear & greed affect Bitcoin returns? Corporate Ownership and Control, 21(2), 121−131. (ABDC−B, Scimago−Q4). https://doi.org/10.22495/cocv21i2art10
8. Xu, L., Xue, C., & Zhang, J. (2024). The impact of investor sentiment on stock liquidity of listed companies in China. Investment Management and Financial Innovations, 21(2), 1−14. (ABDC−B, Scimago−Q3). https://doi.org/10.21511/imfi.21(2).2024.01
9. Ma, J., Feng, J., Chen, J., & Zhang, J. (2024). Volatility spillover from carbon prices to stock prices: Evidence from Chinas carbon emission trading markets. Journal of Risk and Financial Management, 17(3), 123. (ABDC−B, Scimago−Q2). https://doi.org/10.3390/jrfm17030123
10. Zhao, W., & Zhang, J. (2024). Investor attention and stock liquidity in Chinese market. International Advances in Economic Research, 30(1), 65−82. (ABS−1, ABDC−C, Scimago−Q3). https://doi.org/10.1007/s11294-024-09885-2
11. Wang, L., Weng, Z., Xue, C., & Zhang, J. (2024). ESG ratings and stock performance in the internet industry. Investment Management and Financial Innovations, 21(1), 38−50. (ABDC−B, Scimago−Q3). https://doi.org/10.21511/imfi.21(1).2024.04
12. Wang, K., Ma, J., Xue, C., & Zhang, J. (2024). Board gender diversity and firm performance: Recent evidence from Japan. Journal of Risk and Financial Management, 17(1), 20. (ABDC−B, Scimago−Q2). https://doi.org/10.3390/jrfm17010020
13. Zhang, Q., & Zhang, J. (2023). Carbon pricing and stock performance: Evidence from China’s emissions trading scheme pilot regions. Review of Pacific Basin Financial Markets and Policies, 26(4), 2350024. (ABDC−B, Scimago−Q4). https://doi.org/10.1142/S0219091523500248
14. Yang, X., Zhu, J., Xie, H., & Zhang, J. (2023). Liquidity spillover from carbon emission trading markets to stock markets in China. Investment Management and Financial Innovations, 20(4), 227−241. (ABDC−B, Scimago−Q3). https://doi.org/10.21511/imfi.20(4).2023.19
15. Hu, J., Li, K., Xia, Y., & Zhang, J. (2023). Gender diversity and financial flexibility: Evidence from China. International Review of Financial Analysis, 90, 102934. (SSCI−Q1, ABS−3, ABDC−A, Scimago−Q1). https://doi.org/10.1016/j.irfa.2023.102934
16. Li, K., Xia, Y., & Zhang, J. (2023). CEOs’ multicultural backgrounds and firm innovation: Evidence from China. Finance Research Letters, 57, 104255. (SSCI−Q1, ABS−2, ABDC−A, Scimago−Q1). https://doi.org/10.1016/j.frl.2023.104255
17. Liang, Y., Xue, C., & Zhang, J. (2023). The impact of ESG ratings on stock liquidity risk: Evidence from the Chinese market. Review of Integrative Business and Economics Research, 12(4), 1−16. (Scimago−Q3). https://doi.org/10.58745/riber_12-4_1-16
18. Lai, S., Pu, X., Wang, Q., & Zhang, J. (2023). Reference prices and withdrawn acquisitions. International Journal of Finance & Economics, 28(4), 4365−4384. (SSCI−Q2, ABS−3, ABDC−B, Scimago−Q2). https://doi.org/10.1002/ijfe.2655
19. Wu, Y., & Zhang, J. (2023). How do inequality and George Floyd’s protests affect the vote shares of Trump? Eurasian Studies in Business and Economics, 26, 323−338. (Scimago−Q4). https://doi.org/10.1007/978-3-031-30061-5_20
20. Cai, X., & Zhang, J. (2023). The impact of COVID-19 on the liquidity of Chinese corporate bonds. Eurasian Studies in Business and Economics, 26, 285−300. (Scimago−Q4). https://doi.org/10.1007/978-3-031-30061-5_18
21. Yu, H., & Zhang, J. (2023). The impact of the COVID-19 pandemic on bitcoin prices. Eurasian Studies in Business and Economics, 26, 221−234. (Scimago−Q4). https://doi.org/10.1007/978-3-031-30061-5_14
22. Ding, Z., & Zhang, J. (2023). The impact of government subsidies on the innovation of new energy vehicle companies. International Journal of Monetary Economics and Finance, 16(3−4), 213−221. (ABDC−C, Scimago−Q4). https://doi.org/10.1504/IJMEF.2023.131890
23. Han, T., & Zhang, J. (2023). The impact of continuous tightening policies on China’s real estate industry. International Journal of Monetary Economics and Finance, 16(3−4), 188−196. (ABDC−C, Scimago−Q4). https://doi.org/10.1504/IJMEF.2023.131891
24. Fei, F., & Zhang, J. (2023). Chinese stock market volatility and herding behavior asymmetry during the COVID-19 pandemic. Cogent Economics & Finance, 11(1), 2203436. (ABS−1, ABDC−B, Scimago−Q3). https://doi.org/10.1080/23322039.2023.2203436
25. Jiang, Y., & Zhang, J. (2023). The relationship between capital structure and performance of real estate companies in China. International Symposia in Economic Theory and Econometrics, 31, 217−233. (Scimago−Q2). https://doi.org/10.1108/S1571-038620230000031028
26. Hu, Z., & Zhang, J. (2023). Influence of bank loans on listed company performance: Evidence from China. International Symposia in Economic Theory and Econometrics, 31, 203−216. (Scimago−Q2). https://doi.org/10.1108/S1571-038620230000031026
27. Jin, J., & Zhang, J. (2023). The stock performance of green bonds issuers during COVID-19 pandemic: The case of China. Asia-Pacific Financial Markets, 30(1), 211−230. (ABS−2, ABDC−C, Scimago−Q3). https://doi.org/10.1007/s10690-022-09386-4
28. Meles, A., Salerno, D., Sampagnaro, G., Verdoliva, V., & Zhang, J. (2023). The influence of green innovation on default risk: Evidence from Europe. International Review of Economics & Finance, 84, 692−710. (SSCI−Q1, ABS−2, ABDC−A, Scimago−Q1). https://doi.org/10.1016/j.iref.2022.11.036
29. Zhang, J., Xue, C., & Zhang, J. (2023). The impact of CEO educational background on corporate risk-taking in China. Journal of Risk and Financial Management, 16(1), 9. (ABDC−B, Scimago−Q2). https://doi.org/10.3390/jrfm16010009
30. Yang, Y., & Zhang, J. (2022). The impact of COVID-19 on the performance of Chinese online educational industry. Review of Integrative Business and Economics Research, 11(4), 91−100. (Scimago−Q3). https://doi.org/10.58745/riber_11-4_91-100
31. Lai, S., Liang, H., Liu, Z., Pu, X., & Zhang, J. (2022). Ownership concentration among entrepreneurial firms: The growth-control trade-off. International Review of Economics & Finance, 78, 122−140. (SSCI−Q1, ABS−2, ABDC−A, Scimago−Q1). https://doi.org/10.1016/j.iref.2021.11.005
32. Ji, W., & Zhang, J. (2022). The impact of COVID-19 on the E-commerce companies in China. Review of Integrative Business and Economics Research, 11(1), 155−165. (Scimago−Q3). https://doi.org/10.58745/riber_11-1_155-165
33. Grishchenko, O., Vanden, J., & Zhang, J. (2016). The informational content of the embedded deflation option in TIPS. Journal of Banking & Finance, 65, 1−26. (SSCI−Q1, ABS−3, ABDC−A*, Scimago−Q1). https://doi.org/10.1016/j.jbankfin.2015.12.004
34. He, Z., Yang, J., & Zhang, J. (2014). Hedge Fund. In: Chen, X. and Liu, Y. (Eds.), Financial Institutions and Risk Management. Truth & Wisdom Press, pp. 143−166.
35. Pu, X., & Zhang, J. (2012). Can dual-currency sovereign CDS predict exchange rate returns? Finance Research Letters, 9(3), 157−166. (SSCI−Q1, ABS−2, ABDC−A, Scimago−Q1). https://doi.org/10.1016/j.frl.2012.01.001
36. Pu, X., & Zhang, J. (2012). Sovereign CDS spreads, volatility, and liquidity: Evidence from 2010 German short sale ban. Financial Review, 47(1), 171−197. (ABS−3, ABDC−A, Scimago−Q1). https://doi.org/10.1111/j.1540-6288.2011.00325.x
37. Zhang, J., & Murugappan M. (2009). Simulations of nucleation and elongation of amyloid fibrils. Journal of Chemical Physics, 130(3), 035102. (SCI−Q1, Scimago−Q1). https://doi.org/10.1063/1.3050295
38. Zhang, J., & Murugappan M. (2007). Monte Carlo simulations of single crystals from polymer solutions. Journal of Chemical Physics, 126(23), 234904. (SCI−Q1, Scimago−Q1). https://doi.org/10.1063/1.2740256
39. Zhang, J., Jiang, X., Zhang, H., & Yang, Y. (2002). Studies of viscoelastic effects on the phase separation dynamics of polymer mixtures. Journal of Fudan University (Chinese) , 41(3), 301−308. https://link.cnki.net/doi/10.15943/j.cnki.fdxb-jns.2002.03.013
40. Zhang, J., Zhang, Z., Zhang, H., & Yang Y. (2001). Kinetics and morphologies of viscoelastic phase separation, Physical Review E, 64(5), 051510. (SCI−Q1, Scimago−Q1). https://doi.org/10.1103/PhysRevE.64.051510
41. Zhong, S., Zhang, J., & Li, P. (2001). Present situation and future of plastic materials database. China Plastics (Chinese), 15(8), 15−20. https://doi.org/10.19491/j.issn.1001-9278.2001.08.004