Lu Zhang is
an Associate Professor of Finance with tenure at Stephen M. Ross School of
Business at the University of Michigan. He specializes in asset pricing,
applied theoretical and empirical, in connection with corporate finance,
macroeconomics, and capital markets research in accounting. His research
applies new
classical macroeconomics to understand the driving forces behind the cross
section of stock returns. Professor Zhang has been publishing in Journal of
Political Economy, Journal of Finance, Journal of Financial Economics, and
Review of Financial Studies. His
article on "The
value premium" was awarded a Smith-Breeden Prize for 2005 by American Finance
Association and Journal of Finance. Since March 2005, he also has been a Faculty
Research Fellow at the National Bureau of Economic Research (Asset Pricing
Group). At Michigan,
Professor Zhang teaches Derivative Securities for BBAs, Capital Markets and
Investment Strategy for MBAs, and Empirical Methodology in Finance for PhDs. Before
joining Michigan in 2006, he taught Investments and Applied
Corporate Finance for MBAs and Advanced Topics in Capital
Markets for PhDs for four years at University of Rochester's William E.
Simon Graduate School of Business Administration. Professor
Zhang earned a Ph.D. in finance in 2002 from The Wharton School at University
of Pennsylvania. He enjoys watching the Wolverines and reading history,
politics, and organizational behavior.
