• 清华大学
  • 经管邮箱
  • 教职工内网
  • 用户登录
  • EN
杨之曙

金融系    教授

电话:(86)(10)62771769

办公室:李华楼 B312

邮箱:yangzhsh@sem.tsinghua.edu.cn

开放时间:预约

教育经历

1984-1988,就读于哈尔滨工业大学管理工程专业,获工学学士学位

1992-1995,就读于清华大学经济管理学院数量经济专业,获经济学硕士学位

1997-2001,就读于清华大学经济管理学院数量经济专业,获经济学博士学位

更多

工作经历

2009-至今 清华大学经济管理学院教授

2004-2009 清华大学经济管理学院副教授

2001-2004 清华大学经济管理学院讲师

1/2007-6/2007 麻省理工学院斯隆管理学院访问学者

11/2001-12/2001 香港科技大学管理学院访问学者

更多

讲授课程

金融市场微观结构、证券分析与投资组合管理、投资学、金融市场计量学、管理经济学、金融市场与投资决策

更多

研究领域

金融市场微观结构、行为金融、银行与金融机构

更多

学术成果

Publication

  1. Viral V. Acharya, Jun “QJ” Qian, Yang Su and Zhishu Yang, 2024, "Fiscal Stimulus, Deposit Competition, and the Rise of Shadow Banking: Evidence from China"Management Science, forthcoming.

  2. Neil Pearson, Zhishu Yang and Jacky Qi Zhang, 2021, “The Chinese Warrants Bubble: Evidence from Brokerage Account Records”, Review of Financial Studies,34, 264-312.

  3. Kalok Chan, Baolian Wang and Zhishu Yang, 2019, “Why Investors Do not Buy Cheaper Securities? Evidence from a Natural Experiment”, Journal of Banking and Finance, 10,59-76.

  4. Jun “QJ” Qian, Philip E. Strahan, and Zhishu Yang, 2015, “The Impact of Incentives and Communication Costs on Information Production: Evidence from Bank Lending”Journal of Finance,70, 1457-1493.

  5. Darren Duxbury, Robert Hudson, Kevin Keasey, Zhishu Yang, and Songyao Yao, 2015, “Do the Disposition and House Money Effects Coexist? A Reconciliation of Two Behavioral

    Biases”, Journal of International Financial Markets, Institutions & Money, 34,55-68.

  6. Darren Duxbury, Robert Hudson, Kevin Keasey, Zhishu Yang, and Songyao Yao, 2013, How prior realized outcomes affect portfolio decisions,

    Review of Financial Quantitative and Accounting, 41, 611-629.

  7. Warren Bailey, Victor Huang and Zhishu Yang, 2011, “Bank Loans with Chinese Characteristics: Some Evidence on Inside Debt in a State-Controlled Banking System”,

    Journal of Financial and Quantitative Analysis, 46(6), 1795–1830.

  8. Winnie Peng, K. C. John Wei, and Zhishu Yang, 2011, “Tunneling or Propping: Evidence from Connected Transactions in China”, Journal of Corporate Finance, 17, 306-325.

  9. Jingyun Ma, Fengming Song, Zhishu Yang, 2010, "The dual role of the government: securities market regulation in China 1980-2007",

    Journal of Financial Regulation and Compliance, 18(2), 158 – 177.

  10. Kuan-Pin Lin, Albert Menkveld and Zhishu Yang, 2009, "Chinese and World Equity Markets: A Review of the First Fifteen Years", China Economic Review, 20(1), 29-45.

  11. Chan, Kalok, Albert J. Menkveld, and Zhishu Yang, 2008, Information Asymmetry and Asset Prices: Evidence from the China Foreign Share Discount,

    Journal of Finance, 63(1), 159-196.

  12. Kalok Chan, Albert Menkveld and Zhishu Yang, 2007, “The informativeness of domestic and foreign investors’ stock trades: Evidence from the perfectly segmented

    Chinese market”, Journal of Financial Markets, 10, 391-415.

Working Paper

  1. Neil D. Pearson, Zhishu Yang, and Qi Zhang, 2024, "Does Market Selection Eliminate Poorly Performing Investors? Evidence from Chinese Brokerage Account Records"

  2. James J. Choi, Dong Huang, Zhishu Yang and Jacky Qi Zhang, 2024, "Better than Human? Experiments with AI Debt Collectors"

  3. Dan Luo, Michael Weber, Zhishu Yang and Jacky Qi Zhang, 2024, "Transmission Of Quantity-based Monetary Policy Through Heterogeneous Banks In China"

  4. Scott Baker, Efraim Benmelech, Zhishu Yang and Jacky Qi Zhang, 2023, “Fertility and Savings: The Effect of China’s Two-Child Policy on Household Savings”

  5. Guang Cheng, Christian T. Lundblad, Zhishu Yang and Jacky Qi Zhang, 2023, “Detecting Insider Trading in the Era of Big Data and Machine Learning”Christian T. Lundblad, Zhishu Yang and Jacky Qi Zhang, 2020, “Informed Trading Volume and Asset Prices: The Role for Aggressive Investors”

更多

其他

欢迎有志从事学术研究的本科学生联系。

近年培养的硕士学生继续到国际一流商学院攻读金融学博士学位,包括:Ohio Fisher, USC Marshall, Yale SOM, Northwestern Kellogg, Chicago Booth, Stanford GSB, NYU Stern, Harvard HBS, LSE, BC Carroll, Alberta, HKUST, Leeds, INSEAD, Toronto。

更多