A/P ZHANG Weina
Deputy Director
NUS Business School, Dept of Finance
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.
- 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
Select Recent Publications
- 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 - 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 - 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 - 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 - 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 - 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 - 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. - 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 - 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 - 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 - 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 - 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 - 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 - 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 - 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 - 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
- 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 - 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 - 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
- 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 - Massa, Massimo and Zhang, Hong and Zhang, Weina (2016)
On the Dynamics of Corporate Bond Ownership
https://doi.org/10.2139/ssrn.2479775