Faculty
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Assistant Professor |
Banking & Finance |
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Biography
Zhang Lei
joined NTU from INSEAD, Fontainebleau, France. Zhang Lei's research
interests are in Mergers and Acquisitions, Capital Structure, Financial
Intermediaries, Dividend Policy, Financial Conglomerates, IPOs.
Publications
"Cosmetic
Mergers: the Effect of Style Investing on the Market for Corporate Control",
with M. Massa, Journal of Financial Economics, Forthcoming.
“Classical and Impulse Stochastic Control for the Optimization of the Risk
and Dividend Policies of an Insurance Firm”, with A. Cadenillas, T. Choulli
and M. Taksar, Mathematical Finance, vol 16, pp. 181-202, 2006.
Working
Papers
"Why Do Firms
Pay Cash in Acquisitions? Evidence from a Catering Perspective”.
"The Role of Relative
Availability of Bank and Bond Financing: A Measure of Financial
Inflexibility ", with M. Massa.
“Institutional Investors,
Credit Supply Uncertainty, and the Leverage of the Firm", with M. Massa and
A. Yasuda.
"The Effects of Organizational Structure on Asset Management", with M.
Massa.
“Conglomerate Discount and Financial Constraints: A Novel View to an Old
Puzzle”, with A. Bodnaruk and M. Massa.
Selected
Publication:
Journal
Papers
Massimo Massa, Lei Zhang, 2009, Cosmetic Mergers: the Effect of Style
Investing on the Market for Corporate Control, Journal of Financial
Economics
A. Cadenillas, T. Choulli, M. Taksar, L.zhang, 2006, Classical and
Impulse Stochastic Control for the Optimization of the Risk and Dividend
Policies of an Insurance Firm, Mathematical Finance, Vol. 16, pp.
181-202
Lei Zhang, 2004, Optimal financing and dividend control of a corporation
with transaction costs, Journal of Control Theory and Applications, Vol.
21, No. 6, pp. 895-901
Research:
Corporate Finance; Asset Pricing
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