Dr. Lu Zhang is The John W. Galbreath Chair, Professor of Finance, at Fisher College of Business, The Ohio State University, as well as Research Associate at National Bureau of Economic Research (Asset Pricing program) and Associate Editor for Journal of Financial Economics and Journal of Financial and Quantitative Analysis. He is Founding President of Macro Finance Society, which is an international academic society devoted to advancing and disseminating high-quality research at the intersection of financial economics and macroeconomics. Before joining Ohio State in 2010, he taught at Stephen M. Ross School of Business at University of Michigan and William E. Simon Graduate School of Business Administration at University of Rochester.
Dr. Zhang’s research focuses on asset pricing, in connection with macroeconomics, corporate finance, labor economics, and capital markets research in accounting. His major contribution is “The investment CAPM,” which provides a unified conceptual framework for understanding asset pricing anomalies. As its empirical implementation, “the q-factor model” is a leading workhorse factor pricing model in both academia and the investment management industry. Dr. Zhang has published extensively at prestigious academic journals. One chapter of his doctoral thesis “The value premium” won the Smith-Breeden Award for Best Paper for 2005 from American Finance Association and Journal of Finance. Another article “Which factors?” (with Hou, Mo, and Xue) won the 2019 Spängler IQAM Best Paper Prize for the best investments paper published in Review of Finance from European Finance Association. His research has been frequently featured in prominent media outlets such as The Wall Street Journal, Bloomberg, Shanghai Financial News, and The Economist.
A new DFA article by Rizova and Saito (2019, “Investment and Expected Stock Returns”) [ref]Sadly this article is currently only available to clients of Dimensional [...]
