Lu Zhang

Dr. Lu Zhang is Professor of Finance and Chair of Finance Department at Stephen M. Ross School of Business at University of Michigan, Research Associate at the National Bureau of Economic Research, as well as Associate Editor of Review of Financial Studies, one of the top three academic journals in Finance. Before joining Michigan as Associate Professor of Finance (with tenure) in 2006, he taught for four years at University of Rochester's William E. Simon Graduate School of Business Administration. Dr. Zhang has broad-ranging research interests in financial economics, with specialty in asset pricing, in connection with corporate finance, macroeconomics, and capital markets research in accounting. Expanding efficient markets hypothesis and new classical macroeconomics, his research elaborates a simple conceptual framework that deepens our understanding of the driving forces behind the cross-sectional variation of expected stock returns. Dr. Zhang has published widely at leading academic journals such as Journal of Accounting Research, Journal of Finance, Journal of Financial Economics, Journal of Political Economy, and Review of Financial Studies. One chapter of his doctoral thesis "The value premium" won a Smith-Breeden Award (First Prize) for 2005 from American Finance Association and Journal of Finance. Dr. Zhang has extensive teaching interests and experience at the undergraduate, MBA, and PhD levels. He has taught a variety of courses including Derivative Securities, Capital Markets and Investment Strategy, Corporate Finance, and Advanced Topics in Capital Markets.