Le Zhang

le zhang


Research School of Finance, Actuarial Studies & Statistics

Senior Lecturer
Phone number
+61 2 612 57300
Research areas

Corporate finance.


Le Zhang is a Senior Lecturer of Finance. He works at the intersection of corporate finance, investment, and political economy, with a focus on understanding how the frictions in financial market and institutions influence the corporate decision making. Le’s research won Pearson Prize for the Best Paper in Financial Management and has been published in top-ranked academic journals such as Review of Financial StudiesJournal of Financial IntermediationFinancial ManagementJournal of Empirical Finance, and Pacific Basin Finance Journal.

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Research publications

Monitoring the Monitor: Distracted Institutional Investors and Board Governance,” (with Claire Liu, Angie Low and Ronald Masulis), Review of Financial Studies, forthcoming.

Do Outside Directors with Government Experience Create Value?” (with Jun-Koo Kang), Financial Management, 2018, 47, 209-251. (lead article)

Who Captures the Power of the Pen?” (with Jiaxing You and Bohui Zhang), Review of Financial Studies, 2018, 31, 43-96.

 “Friendly Boards and Innovation,” (with Jun-Koo Kang, Wei-Lin Liu, and Angie Low), Journal of Empirical Finance, 2018, 45, 1-25. (lead article)

CEOs’Early-life Experiences and Corporate Policy: Evidence from China’s Great Famine,” Pacific Basin Finance Journal, 2017, 46, 57-77.

Monitoring Role of Customer Firms in Suppliers and its Effect on Supplier Value: Evidencefrom Block Acquisitions of Suppliers by Customer,” (with Jun-Koo Kang, Wei-Lin Liu, and Sangho Yi), Journal of Financial Intermediation, 2015, 24(4), 537-563.

Research grants and awards

Pearson Prize for the best paper in Financial Management, 2018

Best Paper Award (semi-finalist), Financial Management Association Annual Meeting, 2017

Best Paper Award, International Conference on Asia-Pacific Financial Markets, 2016

Best Paper Award, MIT Asia Conference in Accounting, 2014

Best Paper Award, International Conference on Asia-Pacific Financial Markets, 2011


Corporate Finance