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SONG Zhongzhi

Phone: 86-10-8518-8858
Fax: 86-10-8518-6800
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Assistant Professor of Finance


Ph.D., University of British Columbia


Research Areas: Asset pricing; Investment under uncertainty; Macro-finance; Banking and financial crises; Corporate policy & cross-sectional returns





Dr. Song Zhongzhi is an Assistant Professor of Finance at CKGSB. He received his Ph.D. in Finance from the University of British Columbia in 2011. Dr. Song also holds M.Sc. degrees in Physics from the University of British Columbia and Peking University and a B.Sc. in Physics from Anhui University.


Dr. Song’s research has been published in Review of Finance, Management Science, and Journal of Financial Economics. Dr. Song teaches Finance MBA courses: “Real Options” and “Venture Capital and Private Equity”.



Ph.D. Student Best Paper Award, Northern Finance Association, 2010

University of British Columbia Graduate Fellowship, UBC, 2006-2009



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  1. Asset Growth and Idiosyncratic Return Volatility,”  2016, Review of Finance, 20(3), 1235--1258
  2. Can Investment Shocks Explain the Cross-Section of Equity Returns?” 2016, with Lorenzo Garlappi, Management Science, forthcoming
  3. Capital Utilization, Market Power, and the Pricing of Investment Shocks,” 2016, with Lorenzo Garlappi, Journal of Financial Economics, forthcoming


Working Papers

  1. “Investment Shocks and Cross-sectional Returns: An Investment-based Approach,” 2015, with Lorenzo Garlappi
  2. “Endogenous Asset Fire Sales and Bank Lending Incentives,” 2013