笪治

联系方式:zda@saif.sjtu.edu.cn
秘书:孙思
邮箱:ssun@saif.sjtu.edu.cn


教育背景:
博士学位:西北大学金融学,2006
硕士学位:新加坡国立大学金融工程,2001
学士学位:新加坡国立大学工商管理(一级荣誉),1999
教授介绍:

笪治教授现任上海高级金融学院金融学特聘教授、圣母大学门多萨商学院金融学教授。

笪治教授的主要研究领域是实证资产定价和投资。在近期的论文中,他研究了投资者有限关注的作用( the role of limited investor attention), 机构投资者行为( the behavior of institutional investors),金融资产现金流风险( cash flow risks of financial assets)。

他的论文已多次发表在Journal of FinanceReview of Financial StudiesJournal of Financial Economics等期刊上。他目前在几家期刊担任副主编,包括Review of Financial StudiesJournal of Banking and Finance, 和 Critical Finance Review

笪治教授获得了2017年度JFQA William F. Sharpe Award,他还获得了其他研究奖励及研究基金。

在获得新加坡国立大学学士、硕士学位后,笪治教授曾就职于星展银行利率与外来衍生品交易平台。随后,他获得美国西北大学金融学博士学位。

实证资产定价和投资
1. Baltussen, Guido, Sjoerd van Bekkum, and Zhi Da, Forthcoming Indexing and Stock Market Serial Dependence around the World, Journal of Financial Economics.

2. Chen, Yong, Zhi Da, and Dayong Huang, Forthcoming Arbitrage Trading: the Long and the Short of it, The Review of Financial Studies.

3. Da, Zhi, and Xing Huang, Forthcoming Harnessing the Wisdom of Crowds, Management Science.

4. Da, Zhi, Borja Larrain, Clemens Sialm, and Jose Tessada, 2018, Destabilizing financial advice: Evidence from pension fund reallocations, The Review of Financial Studies.

5. Da, Zhi, and Sophie Shive, 2018, Exchange-Traded Funds and Asset Return Correlations, European Financial Management.

6. Da, Zhi, Hayong Yun, and Mitch Warachka, 2018, Fiscal Policy, Consumption Risk, and Stock Returns: Evidence from US States, Journal of Financial and Quantitative Analysis.

7. Azi Ben-Rephael, Da, Zhi, and Ryan D. Israelsen, 2017, It Depends on Where You Search: Institutional Investor Attention and Underreaction to News, The Review of Financial Studies.

8. Da, Zhi, Dayong Huang, and Hayong Yun, 2017, Industrial Electricity Usage and Stock Returns, Journal of Financial and Quantitative Analysis.

9. Da, Zhi, Wei Yang, and Hayong Yun, 2016, Household Production and Asset Prices, Management Science.

10. Chen, Long, Zhi Da, and Borja Larrain, 2016, What Moves Investment Growth?, Journal of Money, Credit and Banking.

11. Da, Zhi, Keejae Hong and Sangwoo Lee, 2016, What Drives Target Price Forecasts and Their Investment Value?, Journal of Business Finance and Accounting.

12. Da, Zhi, Mitch Warachka, and Hayong Yun, 2015, Lottery Tax Windfalls, State-Level Fiscal Policy, and Consumption, Economics Letters.

13. Chen, Leon, Zhi Da,and Ernst Schaumburg, 2015, Implementing Black-Litterman using an Equivalent Formula and Equity Analyst Target Prices, Journal of Investing.

14. Da, Zhi, Joey Engelberg, and Pengjie Gao, 2015, The Sum of All FEARS: Investor Sentiment and Asset Prices, The Review of Financial Studies.

15. Da, Zhi, Umit Gurun, and Mitch Warachka, 2014, Frog in the Pan: Continuous Information and Momentum, The Review of Financial Studies.

16. Da, Zhi, Qianqiu Liu, and Ernst Schaumburg, 2014, A Close Look at the Short-term Return Reversal, Management Science.

17. Chen, Long, Zhi Da, and Xinlei Zhao, 2013, What Drives Stock Price Movement?, The Review of Financial Studies.

18. Chen, Long, Zhi Da, and Richard Priestley, 2012, Dividend Smoothing and Predictability, Management Science.

19. Zhi Da, Re-Jin Guo, Ravi Jagannathan, 2012, CAPM for Estimating the Cost of Equity Capital: Interpreting the Empirical Evidence, Journal of Financial Economics.

20. Zhi Da, Pengjie Gao, Ravi Jagannathan, 2011, Impatient Trading, Liquidity Provision, and Stock Selection by Mutual Funds, The Review of Financial Studies.

21. Da, Zhi, and Ernst Schaumburg, 2011, Relative Valuation and Analyst Target Price Forecasts, Journal of Financial Markets.

22. Da, Zhi, Joey Engelberg, and Pengjie Gao, 2011, In Search of Attention, The Journal of Finance.

23. Da, Zhi, and Mitch Warachka, 2011, The Disparity between Long-term and Short-term Forecasted Earnings Growth, Journal of Financial Economics.

24. Da, Zhi, and Pengjie Gao, 2010, Clientele Change, Liquidity Shock and the Return on Financially Distressed Stocks, Journal of Financial and Quantitative Analysis.

25. Da, Zhi, and Mitch Warachka, 2009, Cashflow Risk, Systematic Earnings Revisions, and the Cross-Section of Stock Returns, Journal of Financial Economics.

26. Da, Zhi, 2009, Cash Flow, Consumption Risk and Cross Section of Stock Returns, The Journal of Finance.

27. Kian Guan Lim, and Zhi Da, 2002, Pricing Options using Implied Trees: Evidence from FTSE-100 Options, Journal of Futures Markets.

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