• First


Zhou, Yinggang





Research Fields:Finance

Biography Research Papers Research Projects


Yinggang Zhou is currently a Professor of Finance at Department of Finance at School of Economics, and Wang Yanan Institute for Studies in Economics (WISE), Xiamen University. He is also the associate director of WISE and executive director of Fubon Research Center for Cross-Strait Finance and Industry, Xiamen University. He obtained his Ph.D. in Economics and Finance from both Xiamen University in 2001 and Cornell University in 2007. He is awarded Chueng Kong Scholarship by Ministry of Education of China in 2015.
His research interests focus on investments, international finance and real estate. He has published in top ranked business and real estate journals, such as Management Science, Journal of Banking and Finance, Journal of Emprirical Finance, Journal of Futures Markets, Real Estate Economics, and Journal of Real Estate Finance and Economics. His research has won the best paper awards of Asia-Pacific Association of Derivatives, European Financial Management Associate and Global Chinese Real Estate Congress, and won Chicago Quantitative Alliance Asia (CQAsia) academic competition. His work has also been featured in policy publications/reports and newspaper coverage by Wall Street Journal, Bloomberg, and so on.
He was a visiting research fellow at Hong Kong Monetary Authority. Before he joined XMU, he worked in the business school of the Chinese University of Hong Kong (CUHK). Before CUHK, he was with Black Greek Global Advisors, a US-based fund management company, where he has managed global asset allocation in real estate securities.
? Selected Publications (In English)
[1] Property Investment and Rental Rate Under Housing Price Uncertainty: A Real Options Approach (with Honglin Wang and Fan Yu), Real Estate Economics, forthcoming. 
[2] Conditional Co-skewness and Safe-haven Currencies: A Regime Switching Approach (with Kalok Chan and Jian Yang), Journal of Empirical Finance, 48, p58-80, 2018.
[3] Quantitative Easing and Volatility Spillover across Countries and Asset Classes (with Zihui Yang), Management Science, 63,p333-354, 2017
[4] Do Securitized Real Estate Markets Jump? International Evidence (with Jie Li and Guangzhong Li), Pacific-Basin Finance Journal 31, p13-35, 2015
[5] Modeling the Joint Dynamics of Risk Neutral Stock Index and Bond Yield Volatilities, Journal of Banking and Finance, 38, p216-228, 2014
[6] Credit Risk Spillovers among Financial Institutions around the Global Credit Crisis: Firm-Level Evidence (with Jian Yang), Management Science, 59, p.2343-2359, 2013
[7] Asymmetric Correlation and Volatility Dynamics among Stock, Bond and Securitized Real Estate Markets (with Jian Yang and Wai Kin Leung), Journal of Real Estate Finance and Economics, 45, pp.491-521, 2012
[8] Intraday Price Discovery and Volatility Transmission in Stock Index and Stock Index Futures Markets: Evidence from China (with Jian Yang and Zihui Yang), Journal of Futures Markets, 32, pp.99-121, 2012
[9] Conditional Co-skewness in Stock and Bond Markets: Time Series Evidence (with Jian Yang and Zijun Wang), Management Science, 56, pp. 2031-2049, 2010
[10] The Stock-Bond Correlation and Macroeconomic Conditions: One and A Half Centuries of Evidence (with Jian Yang and Zijun Wang), Journal of Banking and Finance, 33, pp.670 - 680, 2009
[11] Trade Liberalization as a Game of Decision under Uncertainty (with Henry Wan), Globalization and Emerging Issues in Trade Theory and Policy, Emerald Group Publishing, 2008
? Selected Publications (In Chinese)
[1] 高房价挤出了谁?基于中国流动人口的微观视角(与蒙莉娜、卢琪合著),《经济研究》,2019年第9期。
[2] 为什么人民币越来越重要?基于网络分析方法的汇率证据(与程欣、王艺明合著),《管理科学学报》,2019年第9期。
[3] 全球系统性金融风险溢出与外部冲击(与杨子晖合著),《中国社会科学》,2018年第12期
[4] 中国资本市场再设计:基于公平效率、富民强国的思考(与赵燕菁合著),财经智库,2016年3月号
[5] 中国金融开放之路: 个人境外投资的视角及香港的作用, 香港金融管理局香港金融研究中心特别报告第九期, 2014
[6] 中美贸易协商: 不确定性与最优选择, 经济学(季刊), 7(4), pp. 1191-1220, 2008
[7] 理性恐慌, 流动性黑洞和国有股减持之谜 (与陈灯塔合著), 经济学(季刊), 5(2), pp. 379-402, 2006
[8] 中国股市效率损失研究(与张亦春、许文彬合著),人民出版社, 2004
[9] 中国股市弱式有效吗? (与张亦春合著), 金融研究, 2001 年 3 期
[10] 中国股票市场: 监控功能的缺陷与变革 (与张亦春合著), 管理世界, 1999年1期
[11] 信息不对称, 企业改革和证券市场 (与张亦春合著), 经济研究, 1997年5期