Finance

Faculty

PANG Jiaren

Department of Finance    Associate Professor

Phone:(86)(10)62794800

E-mail:pangjr@sem.tsinghua.edu.cn

Office:B322 Lihua Building

Office Hours:By appointment

Educational Background

Washington University in St. Louis, Ph.D. in Economics, 2007

Vanderbilt University, M.A. in Economics, 2004

Peking University, B.A. in Economics, 2000

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Work Experience

Tsinghua University, School of Economics and Management, 2011-

Tulane University, A. B. Freeman School of Businss, 2008-2011

State University of New York at Buffalo, Department of Economics, 2007-2008

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Courses

Financial Institutions, Financial Markets and Institutions, Empirical Corporate Finance

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Research Areas

Corporate Finance, Corporate Governance, Mergers and Acquisitions, Capital Markets

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Publications

Selected Publications

Harford, J., Li, X., Pang, J., Wu, H., & Zheng, L. (2026). Social Capital and the Boundary of the Firm: Evidence from Relationship-Specific Investments. Journal of Financial and Quantitative Analysis

Cui, C., Li, W., Pang, J., & Xie, D. (2026). A Behavioral Explanation for Stock Splits. Financial Management

Liu, J., Pang, J., Zhang, X., & Zhou, X. (2026). Does Disclosing Well Lead to Doing Good? Financial Management, 55,121-151.

Pang, J., Wang, K., & Zhao, L. (2024). Tax enforcement and corporate cash holdings. Journal of Business Finance & Accounting, 51, 2737-2762.

Li, Z., Liu, C., Ni, X., & Pang, J. (2024). Stock market liberalization and corporate investment revisited: Evidence from China. Journal of Banking & Finance, 158, 107053.

Pang, J., Zhang, X., & Zhou, X. (2020). From classroom to boardroom: The value of academic independent directors in China. Pacific-Basin Finance Journal, 62, 101319.

Cui, C., John, K., Pang, J., & Wu, H. (2018). Employment protection and corporate cash holdings: Evidence from China's labor contract law. Journal of Banking & Finance, 92, 182-194.

John, K., Li, Y., & Pang, J. (2017). Does corporate governance matter more for high financial slack firms?. Management Science, 63(6), 1872-1891.

Kurokawa, Y., Pang, J., & Tang, Y. (2016). Exchange rate regimes and wage comovements in a Ricardian model with money. Journal of International Economics, 102, 96-109.

Pang, J., & Wu, H. (2009). Financial markets, financial dependence, and the allocation of capital. Journal of Banking & Finance, 33(5), 810-818.

Ahlin, C., & Pang, J. (2008). Are financial development and corruption control substitutes in promoting growth?. Journal of Development Economics, 86(2), 414-433.

张烨宇、庞家任、郑征、贺朗,《基金抱团与股价崩盘风险》,《投资研究》,2024

史燕平、杨汀、庞家任,《去产能政策与融资租赁》,《金融研究》,2021

庞家任、张鹤、张梦洁,《资本市场开放与股权资本成本——基于沪港通、深港通的实证研究》,《金融研究》,2020

庞家任、陈大鹏、王玮,《融资融券制度与企业投资行为——基于“外部治理”和“信息学习”渠道的分析》,《投资研究》,2019

庞家任、张新一、张穆,《拆除“政商旋转门”是否有利于企业的长期业绩?》,《经济学报》,2018

庞家任、周桦、王玮,《上市公司成立并购基金的影响因素及财富效应研究》,《金融研究》,2018

周桦、庞家任、王子悦,《基于主成分分析方法的我国金融系统性风险度量研究》,《保险研究》,2018

庞家任、刘淳,《目标公司的私募背景与并购绩效》,《投资研究》,2017

李稻葵、刘淳、庞家任,《金融基础设施对经济发展的推动作用研究——以中国征信系统为例》,《金融研究》,2016

王琨、徐艳萍、庞家任,《偿债风险、会计信息质量与企业融资约束》,《投资研究》,2016

史燕平、崔佳宁、庞家任,《现金投资还是现金滥用:我国上市公司出售回租的信息解读》,《当代财经》,2014

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Honors

Teaching Excellence Award (second prize), Tsinghua SEM, 2025

Outstanding Faculty Award, Tsinghua SEM, 2024

Outstanding Class Advisor, Tsinghua SEM, 2023

Teaching Excellence Award (second prize), Tsinghua SEM, 2020

Excellent Faculty Award for Online Teaching, Tsinghua University, 2020

Teaching Achievement Award (first prize), Tsinghua University, 2019

Outstanding Class Advisor, Tsinghua SEM, 2016

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