WANG Zigan-Tsinghua University School of Economics and Management-SEM Library

Faculty

WANG Zigan

Department of Finance Associate Professor (Tenured)

Associate Professor, Shenzhen Institute of Economics and Management

Associate Professor, Shenzhen International Graduate School

E-mail：wangzg@sem.tsinghua.edu.cn

Office： Tsinghua Shenzhen International Graduate School Xin Xi Building #6 and Shenzhen Futian district Tsinghua School of Economics and Management Shen Ye Shang Cheng B, 513

Educational Background

2009.9-2015.6: Columbia University, New York, PhD in Economics (Defense committee: Patrick Bolton, Ailsa Röell, José Scheinkman, Dan J. Wang, Tri Vi Dang)

2009.9-2012.10: Columbia University, New York, Master of Philosophy (M.Phil.) in Economics

2009.9-2011.10: Columbia University, New York, Master of Arts (M.A.) in Economics

2005.9-2009.7: Bachelor of Economics, Tsinghua University, Beijing

2002.9-2005.7: National Science Experimental Class, Ministry of Education of China

Prior Employment

2015.7-2023.6: School of Business, University of Hong Kong, Assistant Professor

2014.1-2014.5: State University of New York, Adjunct Professor

Work Experience

2023-2024：Seminars on Advanced Topics in Finance, master, Tsinghua University

2023-2024：Research on Frontier Issues in Finance, master, Tsinghua University

2023-2024：Cryptography and Network Security, master, Tsinghua University

2017-2022：Advanced Financial Programming and Databases, master, HKU

2017-2022：Financial Programming and Databases, undergrad, HKU

2016-2022：Corporate Finance, undergrad, HKU

2014：Money and Banking, master and undergrad, State University of New York

2014：Financial Management, master and undergrad, State University of New York

2010：Microeconomics, master, Columbia University (TA)

2010-2015：Corporate Finance, master and undergrad, Columbia University (TA)

2011：Statistics of Sustainability Management, master, Columbia University (TA)

2011-2012：Principles of Economics, undergrad, Columbia University (TA)

2008：Principles of Economics, undergrad, Tsinghua University (TA)

Courses

2023-2024：Seminars on Advanced Topics in Finance, master, Tsinghua University

2023-2024：Research on Frontier Issues in Finance, master, Tsinghua University

2023-2024：Cryptography and Network Security, master, Tsinghua University

2017-2022：Advanced Financial Programming and Databases, master, HKU

2017-2022：Financial Programming and Databases, undergrad, HKU

2016-2022：Corporate Finance, undergrad, HKU

2014：Money and Banking, master and undergrad, State University of New York

2014：Financial Management, master and undergrad, State University of New York

2010：Microeconomics, master, Columbia University (TA)

2010-2015：Corporate Finance, master and undergrad, Columbia University (TA)

2011：Statistics of Sustainability Management, master, Columbia University (TA)

2011-2012：Principles of Economics, undergrad, Columbia University (TA)

2008：Principles of Economics, undergrad, Tsinghua University (TA)

Research Areas

Economics: applied micro, international, environmental, political, law

Finance: foreign exchange, corporate investment and cash management, bank M&As, international

Methodology: network analysis, machine learning, reinforcement learning, NLP

Publications

Foreign Exchange:

1. “Technical Trading: Is it still Beating the Foreign Exchange Market?” (with Po-Hsuan Hsu and Mark P. Taylor)，Journal of International Economics，Vol. 102，September 2016，pp. 188-208.

2. “The Real Effects of Exchange Rate Risk on Corporate Investment: International Evidence” (with Mark P. Taylor and Qi Xu)，Journal of International Money and Finance，October 2021，Vol. 117.

Media Coverage: Mingpao Daily (Finance，Education)，Hong Kong Commercial Daily

3. “Currency Volatility and Global Technological Innovation” (with Po-Hsuan Hsu，Mark P. Taylor and Qi Xu)，Journal of International Economics，July 2022，Volume 137.

4. “Media Sentiment and Currency Reversals” (with Ilias Filippou and Mark P. Taylor)

Forthcoming at Journal of Financial and Quantitative Analysis

Corporate Finance:

5. “Corporate Political Connections and Favorable Environmental Regulatory Enforcement” (with Amanda Heitz and Youan Wang)，Management Science，March 2021.

6. “Real Effects of Share Repurchases Legalization on Corporate Behaviors” (with Qie Yin and Luping Yu)，Journal of Financial Economics，Vol. 140(1)，April 2021，pp. 197-219.

Reprint: Harvard Law School Program on Corporate Governance

7. “The Role of Financial Constraints in Firm Investment under Pollution Abatement Regulation” (with Tri Vi Dang and Youan Wang)，Journal of Corporate Finance，October 2022，Vol. 76.

8. “Do Share Repurchases Facilitate Movement Towards Target Capital Structure? International Evidence” (with Qie Yin and Luping Yu)

Conditionally Accepted at Journal of Empirical Finance

Banking:

9. “Bank Networks and Acquisitions” (with Ross Levine and Chen Lin)，Management Science，Vol. 66(11)，November 2020，pp. 5216-5241.

Media Coverage: Vox EU，香港大学 Bulletin

10. “Estimation and Inference of Treatment Effects with L2-Boosting in High-Dimensional Settings” (with Jannis Kueck，Ye Luo and Martin Spindler)，Journal of Econometrics，June 2023，Volume 234，Issue 2.

Book Chapter

An Overview of Corporate Governance, Policies and Public Listing of Chinese State-owned Enterprises Reform, in “Corporate Governance and Corporate Social Responsibility: Emerging Markets Focus”, July 2014, edited by S. Boubaker and D.K Nguyen. World Scientific Publishing