施展
副教授 中国 北京（100083） 清华大学五道口皇冠足球比分学院 Email: shizh@pbcsf.tsinghua.edu.cn 教师秘书：8610-62706058 传真：8610-62789548
-
五道口皇冠足球比分学院
-
教师简历
-
个人简介
施展博士现任清华大学五道口皇冠足球比分学院副教授。施展于2014年毕业于美国宾夕法尼亚州立大学 Smeal 商学院，获得皇冠足球比分学博士学位。在此之前，他获得了复旦大学的统计学学士学位, 他曾经在俄亥俄州立大学皇冠足球比分系，担任访问助理教授。
施展的研究领域是固定收益，市场微观结构，宏观皇冠足球比分，动态公司皇冠足球比分、皇冠足球比分科技。他关于时变模糊性下资产定价的研究曾获得 Western Finance Association 2014年年会的最佳博士生论文奖。
学术任职
2021-至今 清华大学五道口皇冠足球比分学院 副教授
2016-2021 清华大学五道口皇冠足球比分学院 助理教授
2014-2016 俄亥俄州立大学皇冠足球比分系 访问助理教授
教育背景
2014 宾夕法尼亚州立大学帕克校区 皇冠足球比分系 博士学位
2008 复旦大学 统计系 学士学位
研究领域
固定收益、市场微观结构、动态公司皇冠足球比分、皇冠足球比分科技
发表成果
英文论文
"Time-Varying Ambiguity, Credit Spreads, and the Levered Equity Premium", Journal of Financial Economics, 2019, 134 (3): 617-646.
"Specification Analysis of Structural Credit Risk Models" , with Jingzhi Huang and Hao Zhou, Review of Finance, 2020, 24 (12): 45-98.
"What do we know about corporate bond returns?", with Jingzhi Huang, Annual Review of Financial Economics, 2021, 13 (1): 363-399.
"Machine-Learning-Based Return Predictors and the Spanning Controversy in Macro-Finance", with Jingzhi Huang, Management Science, 2023, 69 (3): 1323-1934.
"Determinants of Short-Term Corporate Yield Spreads — Evidence from the Commercial Paper Market", with Jingzhi Huang and Bibo Liu, Review of Finance, 2023, 27 (2): 539-579.
"The Global Credit Spread Puzzle", with Jingzhi Huang and Yoshio Nozawa, Journal of Finance, forthcoming.
中文论文
违约风险传染的避险效应与溢出效应：隐性担保预期的视角，经济研究，2022年11月刊（合作者：陈卓、何治国、祝小全）
债务协商、再融资风险与信用债定价——来自中国债券市场的证据，皇冠足球比分研究，2023年10月刊（合作者：刘碧波，叶彦义）
汇率改革对中国外汇市场有效性的影响一一基于利率平价理论的实证研究，经济管理学刊，2023年第4期（合作者: 胡杏，金昭，李思）
工作论文
“Risk and Return Tradeoff in the Secondary Loan Market", with Turan Bali and Fang Qiao
“Hedging Interest Rate Risk in the Corporate Bond Market", with Jingzhi Huang, R&R
“Real Effects of Debt Markets: Corporate Bond Illiquidity and Risk-Taking", with Jingzhi Huang, Yuan Wang and Rui Zhong
“Corporate Basis and the International Role of The Dollar", with Grace Hu, Ganesh Viswanath-Natraj and Junxuan Wang
“Understanding Term Premia on Real Bonds", with Jingzhi Huang
合著书籍
Model Selection for High-Dimensional Problems (with Jingzhi Huang and Wei Zhong), 2013, Handbook of Financial Econometrics and Statistics, edited by C.F. Lee and John Lee, Chapter 77, Springer Verlag.
教学经历
2023 Dynamic Asset Pricing(Tsinghua,PhD)
2021-2023 Interest Rate Models (Tsinghua, Master in Finance)
2021-2023 FinTech and Financing Innovation (Tsinghua, Master in Finance)
2020-2023 Fixed Income, Currencies and Commodities (Tsinghua, Master in Finance)
2016-2019 Financial Derivatives (Tsinghua, undergraduate)
2016-2019 Financial Risk Management (Tsinghua, undergraduate)
2014-2016 Options & Futures I (OSU, undergraduate)
2014-2016 Fixed Income & Credit Risk (OSU, MBA & Master in Finance)
2012 Derivative Markets (PSU, undergraduate)
2010-2011 Security Analysis and Portfolio Management (PSU, undergraduate)
匿名审稿人
Journal of Finance, Review of Financial Studies, Review of Finance, Management Science, Journal of Financial and Quantitatie Analysis, Journal of Money, Credit and Banking, Journal of Business & Economic Statistics, Journal of Corporate Finance, Journal of Empirical Finance, Journal of Banking & Finance
荣誉和奖励
2023 Tsinghua Outstanding Thesis Advisor
2023 CFRN Annual Meetings Best Paper Award
2018 PBC School of Finance Outstanding Research Award
2015-2016 Research Fellow, Charles A. Dice Center for Research in Financial Economics
2014 WFA Cubist Systematic Strategies Ph.D. Candidate Award
2012 Kenneth J. Carey Memorial Scholarship
2012 Competitive Dissertation Summer Award
2009-2013 Smeal Research Grant Award
2008 Fudan Best Undergraduate Thesis Prize
