Xingtan Zhang

ZHANG Xingtan

Associate Professor of Finance, Cheung Kong Graduate School of Business (CKGSB)

Ph.D., Business Economics and Public Policy, The Wharton School, University of Pennsylvania

Ph.D., Applied Mathematics and Computational Science, University of Pennsylvania

Areas of Expertise

Asset Pricing, Information Economics, Behavioral Economics, Financial Institutions, and Mechanism Design

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BIO

Email: xingtanzhang@ckgsb.edu.cn

Dr. Xingtan Zhang is an associate professor of finance at CKGSB and a member of Finance Theory Group. He received his Ph.D. in applied economics from The Wharton School of the University of Pennsylvania in 2017. Before that, he received a Ph.D. in applied math from the University of Pennsylvania and a B.S. in mathematics from Peking University.

Dr. Zhang’s main research interests are broadly in asset pricing, information economics, behavioral economics, financial institutions, and mechanism design. His work has been published in Econometrica, Review of Financial Studies, Journal of Economic Theory, Management Science, and Journal of Financial Intermediation.

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RESEARCH

Publications

1. “Collective Decision Through an Informed Mediator” (with Yunan Li) Journal of Economic Theory, forthcoming
2. “Pricing Implications of Noise” (with Christian Goulding and Shrihari Santosh) Review of Financial Studies, 36, June 2023, pp. 2468-2508
3. “A Model of Product Line Marketing” (with Chuan He and Shaowei Ke) Management Science, 68, August 2022, pp. 6100-6115
4. “Long-Term Contracting with Time-Inconsistent Agents” (with Daniel Gottlieb) Econometrica, 89, March 2021, pp. 793-824
5. “On the Efficiency of Long Intermediation Chains” (with Vincent Glode and Christian Opp) Journal of Financial Intermediation, 38, April 2019, pp. 11-18
6. “Voluntary Disclosure in Bilateral Transactions” (with Vincent Glode and Christian Opp) Journal of Economic Theory, 175, May 2018, pp. 652-688

Working papers：

1. “Environmental Disclosures in Global Supply Chains” (with Christian Opp)
2. “Exploiting Non-Fundamental Flows” (with Brian Waters, Wei Zhou, and Shrihari Santosh)
3. “Speculative Financial Innovation” (with H. Henry Cao, Hui Ou-Yang, and Dongyan Ye)
4. “Arms Sales in Financial Markets” (with Vincent Glode)
5. “Disagreement, Skewness, and Asset Prices” (with Christian Goulding and Shrihari Santosh)
6. “The Value of Scattered Information” (with Christian Goulding)
7. “Reducible Intermediation Chains” (with Yu An and Yang Song)
8. “Efficient Bargaining Through a Broker”
9. “A Sharper Ratio” (with Kent Smetters)