Professor Ning Zhu teaching statistics

Contact Information
Ning Zhu
Associate Professor of Finance
Graduate School of Management
University of California, Davis
One Shields Ave.
Davis, CA 95616

Tel: 530-752-3871
Fax: 530-752-2924
Email: nzhu [at] ucdavis.edu

Behavioral Finance

  1. Do Noise Traders Move Markets? (with Brad Barber and Terry Odean), Review of Financial Studies, forthcoming.

  2. Do Individual Investors Learn from Their Trading Experience? (with Gina Nicolosi and Liang Peng), Journal of Financial Markets, forthcoming.

  3. Systematic Noise (with Brad Barber and Terry Odean), Journal of Financial Markets, forthcoming.

  4. Efficiency and the Bear: Short Sales and Markets around the World (with Arturo Bris and William Goetzmann), Journal of Finance, 2007, 62-3, 1029-1079.

  5. Short Sale in Global Perspective (with Arturo Bris and William Goetzmann), in Short Selling (edited by Frank Fabozzi), 323-342.

  6. Up Close and Peronal: An Individual Level Analysis of the Disposition Effect (with Ravi Dhar), Management Science, 2006, 52-5, 726-740.

  7. Rain or Shine: Where is the Weather Effect? (with William Goetzmann), European Financial Management, 2005, 11-5, 559-578.

  8. The Cost of Owning Employer Stocks: Lessons from Taiwan (with Yi-Tsung Lee and Yu-Jane Liu), Journal of Financial and Quantitative Analysis, forthcoming.

  9. The House Money Effect: Evidence from Market Makers at Taiwan Futures Exchange (with Yu-Jane Liu, Chih-Ling Tsai, and Ming-Chun Wang), Management Science, forthcoming.

  10. Are All Individual Investors Created Equal? Evidence from Individual Investor Trading around Securities Litigation Events (with Paul Griffin),Journal of Contemporary Accounting and Economics, 2006, 2-2, 123-150.

  11. The Local Bias of Individual Investors

  12. Individual Investors and Local Bias (with Mark Seasholes), Journal of Finance , forthcoming.

  13. Individual Investor Trading, forthcoming, Chapter 28, Behavioral Finance (edited by Kent Baker and John Nofsinger), The Wiley.

  14. Portfolio Choice and Backgroun Risk: New Evidence from Taiwan (with Mao-Wei Hung, Yu-Jane Liu, and Chia-Fen Tsai)

  15. Search Costs and Household Choice between Direct and Delegated Portfolio Management

  16. Mutual Fund Choices and Investor Demographics (with Chris Malloy)

  17. The Impact of Clientele Change: Evidence from Stock Splits (with Ravi Dhar, William Goetzmann and Shane Shepherd)

Distress and Bankruptcy

  1. Household Consumption and Personal Bankruptcy, Journal of Legal Studies, forthcoming.

  2. The Costs of Bankruptcy: Chapter 7 Liquidation Vs. Chapter 11 Reorganization (with Arturo Bris and Ivo Welch), Journal of Finance, 2006, 61-3, 1253-1305.

  3. The Dynamics of Large and Small Chapter 11 Cases: An Empirical Study (with Arturo Bris and Douglas Baird)

  4. Saving Your Home in Chapter 13 Bankruptcy (with Michelle White), Journal of Legal Studies, forthcoming.

  5. Did Bankruptcy Reform Contribute to the Mortgage Crisis? (with Wenli Li and Michelle White)

  6. Distress without Bankruptcy: An Emerging Market Perspective (with Joseph Fan and Jun Huang)

Chinese Financial Markets

  1. China and the World Financial Markets 1870-1930: Modern Lessons from Historical Globalization (with William Goetzmann and Andrey Ukhov), Economic History Review, forthcoming.

  2. The Chinese Bond Market: Historical Lessons, Present Challenges, and Future Perspectives (with Haizhou Huang), forthcoming, China's Fiancial Sector Development and Regulatory Reform: Challenges and Opportunities, The Milken Institute Series on Financial Innovation and Economic Growth, (edited by James R. Barth and John A. Tatom).

  3. Does Bank Ownership Increase Firm Value? Evidence from China (with Xiaochi Lin and Yi Zhang), Journal of International Money and Finance, forthcoming.

  4. Distress without Bankruptcy: An Emerging Market Perspective (with Joseph Fan and Jun Huang)

  5. The Cost of Owning Employer Stocks: Lessons from Taiwan (with Yi-Tsung Lee and Yu-Jane Liu), Journal of Financial and Quantitative Analysis, forthcoming.

  6. The House Money Effect: Evidence from Market Makers at Taiwan Futures Exchange (with Yu-Jane Liu, Chih-Ling Tsai, and Ming-Chun Wang), Management Science, forthcoming.

  7. Portfolio Choice and Backgroun Risk: New Evidence from Taiwan (with Mao-Wei Hung, Yu-Jane Liu, and Chia-Fen Tsai)