zhang-weina-sgfin-leadership

A/P ZHANG Weina

Deputy Director
Associate Professor
NUS Business School, Dept of Finance
Biography

Associate Professor Zhang Weina is Deputy Director of the Sustainable and Green Finance Institute (SGFIN) at NUS and also the Academic Director for the MSc in Sustainable and Green Finance Programme. She is an Associate Professor in Finance with the Department of Finance at the NUS Business School.

Weina’s current research and teaching focus on sustainable and green finance, fixed income securities, asset pricing and investment. She examines how environmental, social and governance (ESG) factors are priced in financial securities and investment decisions. She also explores how differences in informational efficiency across various financial markets and the impact of different policies on financial instruments. Weina has published widely including within leading journals such as Management Science and Review of Finance. She has also published more than 30 business cases with IVEY. Her papers have received several best paper awards.

Weina is a dedicated educator and currently teaches courses such as Sustainability and Finance, Sustainable and Green Investment at the master's and undergraduate levels. She also teaches lifelong learning modules and conducts executive training in related areas. Weina is the recipient of numerous teaching excellence awards both at the NUS Business School and the University levels. She obtained her Ph.D. in Finance from Kellogg School of Management at the Northwestern University, USA.

Research Focus
  • Sustainable Investment: Corporate Social Responsibility, Social Entrepreneurship
  • Fixed Income Securities: Credit Rating, Credit Risk, Investment, Anomaly
  • Asset Pricing And Investment: Policy Risk, International Finance, Portfolio
Publications

Select Recent Publications

  1. Lam, S.-S., Zhang, H., Zhang, W. (2020)
    Does Policy Instability Matter for International Equity Markets?
    International Review of Finance, 20: 155-196.
    https://doi.org/10.1111/irfi.12222
  2. Lam, S.-S., Li, T. and Zhang, W. (2020)
    Unveil the economic impact of policy reversals: the China experience
    China Finance Review International, Vol. 10 No. 1, pp. 16-36.
    https://doi.org/10.1108/CFRI-04-2018-0033
  3. Lam, Swee & Zhang, Weina & Ang, Achsah & Jacob, Gabriel. (2019)
    Reciprocity Between Financial and Social Performance in Microfinance Institutions.
    Public Performance & Management Review. 43.
    https://doi.org/10.1080/15309576.2019.1604386
  4. Truong X Duong, Zsuzsa R Huszár, Ruth S K Tan, Weina Zhang(2017)
    The Information Value of Stock Lending Fees: Are Lenders Price Takers?
    Review of Finance, Volume 21, Issue 6, Pages 2353–2377
    https://doi.org/10.1093/rof/rfw075
  5. Kim, G.H., Li, H. and Zhang, W. (2017)
    The CDS-Bond Basis Arbitrage and the Cross Section of Corporate Bond Returns.
    Journal of Futures Markets, 37 (8), pp. 836-861.
    https://doi.org/10.1002/fut.21845
  6. Zsuzsa R. Huszár, Ruth S.K. Tan, Weina Zhang (2017)
    Do short sellers exploit industry information?
    Journal of Empirical Finance, Volume 41, Pages 118-139, ISSN 0927-5398
    https://doi.org/10.1016/j.jempfin.2016.10.001
  7. Gi H. Kim, Haitao Li, Weina Zhang (2016)
    CDS-bond basis and bond return predictability
    Journal of Empirical Finance, Volume 38, Part A, Pages 307-337, ISSN 0927-5398
    https://doi.org/10.1016/j.jempfin.2016.07.006.
  8. Agarwal, Sumit and Chen, Vincent Y. S. and Zhang, Weina (2016)
    The Information Value of Credit Rating Action Reports: A Textual Analysis
    Management Science, Volume 62 (8), Pages 2218-2240
    https://doi.org/10.1287/mnsc.2015.2243
  9. Chen, Long, Zhang, Gaiyan, Zhang, Weina (2016)
    Return predictability in the corporate bond market along the supply chain
    Journal of Financial Markets, Elsevier, Volume 29(C), Pages 66-86.
    https://doi.org/10.1016/j.finmar.2016.03.005
  10. Fan, Gang-Zhi & Huszar, Zsuzsa & Zhang, Weina. (2014)
    Corporate Governance in Chinese Real Estate Firms.
    SSRN Electronic Journal.
    https://doi.org/10.2139/ssrn.2427138
  11. Huszár, Z.R., Tan, R.S.K. and Zhang, W. (2016)
    Efficiency of Regulated and Unregulated FOREX Markets: An Analysis of Onshore and Offshore Renminbi Forward Markets
    The Political Economy of Chinese Finance (International Finance Review, Vol. 17), Emerald Group Publishing Limited, Bingley, pp. 371-392
    https://doi.org/10.1108/S1569-376720160000017019
  12. Lam, S.-S. and Zhang, W. (2015)
    The moderating effect of bureaucratic quality on the pricing of policy instability
    China Finance Review International, Vol. 5 No. 3, pp. 303-334.
    https://doi.org/10.1108/CFRI-01-2015-0001
  13. Swee-Sum Lam, Weina Zhang, Gabriel Henry Jacob (2015)
    The mispricing of socially ambiguous grey stocks
    Finance Research Letters, Volume 13, Pages 81-89, ISSN 1544-6123,
    https://doi.org/10.1016/j.frl.2015.02.010
  14. Fan, GZ., Huszár, Z.R. & Zhang, W (2013)
    The Relationships between Real Estate Price and Expected Financial Asset Risk and Return: Theory and Empirical Evidence
    Journal of Real Estate Finance and Economics, 46 (4), pp. 568-595.
    https://doi.org/10.1007/s11146-012-9376-x
  15. Lam, S.-S., Zhang, W., Lee, R.R.C. (2013)
    The Norm Theory of Capital Structure: International Evidence
    International Review of Finance, 13 (1), pp. 111-135.
    https://doi.org/10.1111/j.1468-2443.2012.01154.x
  16. Goh, J.W., Lim, K.G., Sim, M., Zhang, W. (2012)
    Portfolio value-at-risk optimization for asymmetrically distributed asset returns
    European Journal of Operational Research, 221 (2), pp. 397-406.
    https://doi.org/10.1016/j.ejor.2012.03.012

View full list of publications

  1. Zhang, W., Tan, R. (2020)
    Singapore’s coordinated battle against the pandemic
    Impact Of Covid-19 On Asian Economies And Policy Responses, Chapter 13, pp. 89-95.
    https://doi.org/10.1142/9789811229381_0013
  2. Lam, S.-S., Zhang, W., & Chien, C. Y. K. (2018)
    Can Corporate Social Responsibility Fill Institutional Voids?
    Firm Value, InTechOpen, Chapter 5
    https://doi.org/10.5772/intechopen.76164
  3. Huszar, Zsuzsa R., Zhang, Weina, Tan, Ruth Seow Kuan (2015)
    Efficiency of Regulated and Unregulated FOREX Markets: An Analysis of Onshore and Offshore Renminbi Forward Markets
    International Finance Review, Vol. 17, The Political Economy of Chinese Finance, Emerald Publishing
    https://doi.org/10.1108/S1569-376720160000017019
  1. Agarwal, Sumit and Chen, Vincent Y. S. and Sim, Geoffrey and Zhang, Weina (2019)
    Dissecting the Information Value of Sovereign Credit Rating Reports
    https://doi.org/10.2139/ssrn.2526648
  2. Massa, Massimo and Zhang, Hong and Zhang, Weina (2016)
    On the Dynamics of Corporate Bond Ownership
    https://doi.org/10.2139/ssrn.2479775
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