Education

2002-2006      PhD (Accounting, minor in Econometrics)

Leeds School of Business, University of Colorado at Boulder

1999-2002      MS (Accounting)

Beijing Jiaotong University, China

1995-1999      BS (Accounting)

Beijing Jiaotong University, China

Work Experience

2019.10-present   Renmin University of China, Business School

2012.12-2014.1     Visiting Scholar, Graduate School of Business, Stanford University

2006.6-2019.10     Peking University Guanghua School of Management

2004－2005           Accounting, Auditing and Tax Specialist, Bill Brooks CPA, Boulder, CO, USA

2003－2005           Instructor, Leeds School of Business, University of Colorado at Boulder

Quantamental Investing, Private Equity Investment, Financial Analysis

Quantamental Investing, Financial Accounting, Financial Statement Analysis

Selected Academic Articles

1. Lee, C., T. Shi, S. Sun, and R. Zhang, “Production Complementarity and Information Transmission Across Industries”, 2024, Journal of Financial Economics, forthcoming. (UTD24, FT50, SSCI)
   

2.  Zhang Ran, Li Runze, 2022.“Mutual Funds’ Abnormal Holding, Firm Value, and Expected Stock Returns”, .Nankai Business Review (accepted).

3. Zhang Ran, Ping Fan, Wang Rongfei, 2022.“Online Sales and Expected Returns”. Journal of Financial Research, 6:189-206.

4. Duan Binglei ,Wang Rongfei , Zhang Ran, 2022.“Economic Links and Stock Returns in Chinese A - Share Market”. Journal of Financial Research, 2:171-188.

5. Lee, C., S. Sun, R. Wang, and R. Zhang, “Technological Links and Predictable Returns”, 2019, Journal of Financial Economics, 132: 76-96. (UT24, FT50, SSCI)

6. Lee, C., S. Sun, R. Wang, and R. Zhang, “Technological Links and Predictable Returns”, 2018,  Journal of Financial Economics , forthcoming. (UT24, FT50, SSCI)

7. Winner of the Roger F. Murray First Prize for Outstanding Research, The Institute for Quantitative Research in Finance (Q Group), USA, 2018

8. Lee, C., K. Li, and R. Zhang, “Shell Games: The Long-Term Performance of Chinese Reverse Merger Firms”, 2015,  The Accounting Review , 90(4), 1547-1589. (UT24, FT50, SSCI)

9. Shao, L., C. Kwok, and R. Zhang, “National Culture and Corporate Investment”, 2013,  Journal of International Business Studies , 44: 745-763. (UT24, FT50, SSCI)

10. Luo, X., R. Zhang, W. Zhang, and J. Aspara, "Do institutional investors pay attention to customer satisfaction, and why?", 2013,  Journal of the Academy of Marketing Science , 46(2): 119-136. (FT50, SSCI)

11. Li, Y., J. Niu, R. Zhang, and J. Largay, “Earnings Management and the Accrual Anomaly: Evidence from China”, 2011,  Journal of International Financial Management and Accounting , 22(3): 205-245. (SSCI)

12. Ye, K. and R. Zhang, 2011, “Do Lenders Value Corporate Social Responsibility? Evidence from China”,  Journal of Business Ethics , 104(2): 197-206. (FT50, SSCI)

13. Zhang, R., Z. Lu, and K. Ye. “How do Firms React to the Prohibition of Long-lived Asset Impairment Reversals? Evidence from China”, 2010,  Journal of Accounting and Public Policy , 29 (5): 424-438. (SSCI)

14. Zhang, R., Z. Rezaee, and J. Zhu, “Corporate Philanthropic Disaster Response and Ownership Type: Evidence from Chinese Firms' Response to the Sichuan Earthquake”, 2010,  Journal of Business Ethics , 91 (1): 51-63.   (FT50, SSCI)

15. Ye, K., R. Zhang, and Z. Rezaee, “Does Gender Diversity in Senior Management Affect Earnings Quality: A Large Sample Analysis of Chinese Listed Firms”, 2010,  Advances in Accounting , 26 (1): 47-54.

16. Li, W. and R. Zhang, “Corporate Social Responsibility, Ownership Structure, and Political Interference: Evidence from China”, 2010,  Journal of Business Ethics , 96 (4): 631-645. (FT50, SSCI)

17. Zhang, R., J. Zhu, H. Yue, and C. Zhu, 2010, “Corporate Philanthropic Giving, Advertising Intensity, and Industry Competition Level”,  Journal of Business Ethics , 94(1): 39-52. (FT50, SSCI)

18. Zhang, R. and Z. Rezaee, “Do Credible Firms Perform Better in Emerging Market? Evidence from China”, 2009,  Journal of Business Ethics , 90 (2): 221-237. (FT50, SSCI)

Honors and Awards

"Outstanding Young Scholar”, Renmin University of China, 2019.

“Roger F. Murray First Prize for Outstanding Research”, The Institute for Quantitative Research in Finance (Q Group), USA, 2018

“First Prize of the 13th Annual Best Social Science Research Award”, Peking University, 2017

“Excellent Undergraduate Program Headmaster”, Peking University, 2017

“Cao Fengqi Outstanding Finance Teaching Award”, Cao Fengqi Finance Foundation, 2017 (one winner each year in 260+ faculty members of three schools at Peking University)

“Especially Outstanding Research Project Award”, National Natural Science Foundation of China, 2014 (top 1% projects with excellent publications)

“Cao Fengqi Outstanding Finance Research Award”, Cao Fengqi Foundation, Peking University, 2014  (one winner each year among 260+ faculty members of three related schools at Peking University)

Nominated to “Li Yining Research Award” for four consecutive years: 2011, 2012, 2013, 2014

Nominated to “Li Yining Teaching Award” for three consecutive years: 2012, 2013, 2014

“Outstanding Paper Award”, Eastern Finance Association, Boston, MA, 2012

“Vernon Zimmerman Best Paper Award”, the 23rd Asian-Pacific Conference on International Accounting Issues, Beijing, China, 2011

“Second Prize of the 10th Annual Best Social Science Research Award”, Peking University, 2010

“Teaching Excellence Award”, Guanghua School of Management, Peking University, 2009, 2010, 2011, 2012

“ShuRen Excellent Teaching Award”, Peking University, 2008

“Best Paper Award”, Two-Strait Accounting and Management Academic Conference, Taipei, Taiwan, 2007

“Best Paper Award”, Two-Strait Accounting and Management Academic Conference, Beijing, China, 2006

“The Best Paper by a Ph.D. Student Award”, 2006 AAA North-East Conference

“Best Ph.D. Student Paper Award”, 2006 American Accounting Association Mid-West Regional Conference

Media Coverage、Speech at Business Forum

“Shell Games: The Long Term Performance of Chinese Reverse Merger Firms”

Bloomberg “Chinese Reverse-Merger Firms Outperform U.S. Peers, Study Says”

American Accounting Association “Their bad reputation notwithstanding, Chinese reverse-merger firms outperform U.S. peers, study finds”

Compliance Week “Study Challenges Effect of China-Based Reverse Mergers”

Accounting Today “Chinese Companies Outperform U.S. Peers on Markets Despite Accounting Fraud Risk”

CNBC “Chinese Reverse Mergers Are Not Toxic”

New York Times “On Eve of Alibaba’s I.P.O., Senator Urges S.E.C. to Look at Risks in Some Chinese Offerings”

“Technological Links and Predictable Returns”

Q-Group “Technological Links and Predictable Returns”