新加坡南洋理工大学金融学博士
香港科技大学经济学硕士
清华大学工程力学学士

张博辉教授开展多个方向的研究，包括金融科技、媒体、 中国资本市场、国际资本市场。他的研究成果多次发表在国际顶尖学术期刊上，包括Review of Financial Studies、 Journal of Financial Economics、 Journal of Accounting Research、 Management Science、 Journal of Financial Quantitative and Analysis、 Journal of International Business Studies、 和Review of Finance等。

张教授分别于2016年获得澳大利亚国家社会科学院授予的青年研究学者奖章和在2010年获得新南威尔士大学授予的青年研究学者奖章。他曾主持多项澳大利亚国家研究委员会基金项目、新南威尔士大学澳洲商学院研究基金、和参与中国国家自然科学基金面上项目。他的文章曾在2012和2016 China Finance Annual Meeting、 2014 MIT Asia Conference in Accounting、2014 Asian Finance Association Conference、2013 Asia-Pacific Financial Markets of the Korean Securities Association、 2013 Asian Finance Association Conference、 2013 China International Conference in Finance、 2013 Northern Finance Association Conference、及2011 Chinese Finance Association Best Paper Symposium获得最佳会议论文奖。

张教授曾担任三十多家国际学术期刊 如Journal of Finance, Review of Financial Studies, Journal of Accounting Research, Accounting Review, Management Science的审稿人。他是多个国际金融学术组织年会组委会成员，包括Western Finance Association Conference, Northern Finance Association Conference、European Finance Association Conference、 China International Conference in Finance、Financial Management Association Conference、 Australasian Finance and Banking Conference、及Asian Finance Association Conference。

张教授到目前为止指导了18位博士研究生和教授超过10,000名硕士、学士生。

1. “Panda Games: Corporate Disclosure in the Eclipse of Search”,with Kemin Wang and Xiaoyun Yu,Management Science,Forthcoming,2022

2. “State Controlling Shareholders and Payout Policy”,with Chen Lin, Hang Liu, and Chenkai Ni,Journal of Financial and Quantitative Analysis,Forthcoming,2022

3. “Higher Education and Corporate Innovation” ,with Dongmin Kong and Jian Zhang,Journal of Corporate Finance,72, 102165,2022

4. “Insider Sales under the Threat of Short Sellers: New Hypothesis and New Tests” ,with Kemin Wang, Rencheng Wang, K. C. John Wei, and Yi Zhou,The Accounting Review,forthcoming,2021

5. “Brain Drain: The Impact of Air Pollution on Firm Performance” ,with Shuyu Xue and Xiaofeng Zhao,Journal of Environmental Economics and Management,110, 102546,2021

6. “Foreign Investment under the Spotlight of Home Media” ,with Wai-Man Liu and Jing Yu,Journal of Money, Credit and Banking,Forthcoming,2022

7. “Trust, Incomplete Contracting, and Corporate Innovation”,with Fei Xie and Wenrui Zhang,Management Science,forthcoming,2021

8. “The More We Know, the Less We Agree: A Test of the Trading Horizon Heterogeneity Theory” ,with Lili Dai, Jerry T. Parwada, and Donald W. Winchester,The Financial Review,57, 45-67,2022

9. “Stock Market Liberalization and Innovation”,with Fariborz Moshirian, Xuan Tian, and Wenrui Zhang,Journal of Financial Economics,139, 985-1014,2021

10. “Does the Media Spotlight Burn or Spur Innovation?”,with Lili Dai and Rui Shen,Review of Accounting Studies,vol 26(1), 343-390,2021

11. “The Impact of XBRL Adoption on Local Bias: Evidence from Mandated U.S. Filers”,with Bing Li, Zhenbin Liu, and Wei Qiang,Journal of Accounting and Public Policy,39, 106767,2020

12. “Global Political Uncertainty and Asset Prices”,with Jonathan Brogaard, Lili Dai, and Phong Ngo,Review of Financial Studies,33, 1737-1780,2020

13. “Is Information Risk Priced? Evidence from Abnormal Idiosyncratic Volatility”,with Yung Chiang Yang and Chu Zhang,Journal of Financial Economics,135, 528-554,2020

14. “Googling Investor Sentiment around the World”,with Zhenyu Gao and Haohan Ren,Journal of Financial and Quantitative Analysis,55, 549-580,2020

15. “Investor Protection and the Value Impact of Stock Liquidity”,with Tao Huang, Fei Wu, and Jing Yu,Journal of International Business Studies,51, 72-94,2020

16. “Political Uncertainty and Finance: A Survey” ,with Lili Dai,Asia-Pacific Journal of Financial Studies,48, 307-333,2019

17. “News Media Coverage and Corporate Leverage Adjustments”,with Tung Lam Dang, Viet Anh Dang, Fariborz Moshirian, and Lily Nguyen,Journal of Banking and Finance,109, 105666,2019

18. “Who Captures the Power of the Pen?”,with Jiaxing You and Le Zhang,Review of Financial Studies,31, 43-96,2018

19. “The Determinants and Pricing of Liquidity Commonality Around the World”,Fariborz Moshirian, Xiaolin Qian, and Claudia Koon Ghee Wee,Journal of Financial Markets,33, 22-41,2017

20. “How Do Foreign Institutional Investors Enhance Firm Innovation?”,with Luong Hoang Luong, Fariborz Moshirian, Lily Nguyen, and Xuan Tian,Journal of Financial and Quantitative Analysis,52, 1449-1490,2017

21. “The Governance Transfer of Blockholders: Evidence from Block Acquisitions and Earnings Management around the World”,with Lili Dai, Ravi Dharwadkar, and Linna Shi,Journal of Corporate Finance,52, 586-607,2017

22. “Dividend Policy and Earnings Management Across Countries”,with Wen He, Lilian Ng, and Nataliya Zaiats,Journal of Corporate Finance,42, 267-286,2017

23. “What Drives Investment-Cash Flow Sensitivity Around the World? An asset tangibility Perspective”,with Fariborz Moshirian, Vikram Nanda, and Alexander Vadilyev,Journal of Banking and Finance,77,1-17;Lead Article,2017

24. “Foreign Investor Heterogeneity and Stock Liquidity Across the World”,with Lilian Ng, Fei Wu, and Jing Yu,Review of Finance,20, 1867-1910,2016

25. “Foreign Institutional Ownership and the Global Convergence of Financial Reporting Practices”,with Vivian Fang and Mark Maffett,Journal of Accounting Research,53, 593-631,2015

26. “The Governance Effect of the Media’s News Dissemination Role: Evidence from Insider Trading”,with Lili Dai and Jerry Parwada,Journal of Accounting Research,53, 331-366,2015

27. “Political Uncertainty and Dividend Policy: Evidence from International Political Crises”,with Tao Huang, Fei Wu, and Jin Yu,Journal of International Business Studies,46, 574-59,2015

28. “The Invisible Hand of Short Selling: Does Short Selling Discipline Earnings Management?”,with Massimo Massa and Hong Zhang,Review of Financial Studies,28, 1701-1736,2015

29. “International Political Risk and Government Bond Pricing”,with Tao Huang, Fei Wu, and Jing Yu,Journal of Banking and Finance,55, 393-405,2015

30. “Commonality in News Around the World”,with Lam Tung Dang and Fariborz Moshirian,Journal of Financial Economics,116, 82-110,2015

31. “Cross Listing and Liquidity Commonality Around the World” ,with Dang Tung Lam, Fariborz Moshirian, and Claudia Wee,Journal of Financial Markets,22, 1-26; Lead Article,2015

32. “Investor heterogeneity and commonality in stock return and liquidity” ,with Pan Deng, Jing Shi, and Fei Wu,Economic Systems,39, 458-473,2015

33. “Does PIN Affect Equity Prices Around the World?” Previous title, “Informed Trading around the World”,with Sandy Lai and Lilian Ng,Journal of Financial Economics,114, 178-195,2014

34. “Does Auditor Choice Matter to Foreign Investors? Evidence from Foreign Mutual Funds Worldwide”,with Julia Chou and Nataliya Zaiats,Journal of Banking and Finance,46, 1-20; Lead Article,2014

35. “Systematic Liquidity and the Funding Liquidity Hypothesis”,with Xiaolin Qian and Lewis Tam,Journal of Banking and Finance,45, 304-320,2014

36. “Large Foreign Ownership and Stock Price Informativeness Around the World”,with Wen He, Donghui Li, and Jianfeng Shen,Journal of International Money and Finance,36, 211-230,2013

37. “Information Environment and Equity Risk Premium Volatility Around the World”,with Sie Ting Lau and Lilian Ng,Management Science,58, 1322-1340,2012

38. “The World Price of Home Bias”,with Sie Ting Lau and Lilian Ng,Journal of Financial Economics,97, 191-217; Lead Article,2010