Huacheng Zhang Headshot

Senior Lecturer in Finance

Background

Dr. Huacheng Zhang has been an Associate Professor of Finance at the Accounting and Finance Division of the University of Edinburgh Business School since August 2023. Before that, he was an Assistant/Associate Professor of Finance at the Nottingham University Business School (UK) and the Institute of Financial Studies of Southwestern University of Finance and Economics (China). He obtained a Ph.D. degree in Finance from the University of Arizona (USA), a Master's degree in Economics from the Southern Illinois University Edwardsville (USA), and an MBA degree and a bachelor's degree in ME from Chongqing University (China).

His research interests are empirical asset pricing, institutional investment, and international finance. His papers were presented at the annual conferences of the American Finance Association (AFA), European Finance Association (EFA), SFS Cavalcade Asian-Pacific, Miami Behavioral Finance Conference, and China International Conference in Finance (CICF),  and published in Management Science, Review of Asset Pricing StudiesJournal of Banking and Finance, and Journal of Empirical Finance. His research findings in paper 'Twin momentum: Fundamental trends matter' are adopted by financial industry practitioners(link).

He teaches Foundations of Econometrics (Fall, Doctorial) and Research in Corporate Finance (Spring, Master). )

Research Interests

    Empirical Asset Pricing

    Financial Institution

    International Finance 

Selected Publications

     Nominal Price, Retail Investor Participation, and Return Momentum, with Jun Du, Dashan Huang, Jane Liu, Yushui Shi, and Avanidhar Subrahmayam.  Management Science, forthcoming

            Featured in VoxChina(26 October 2022)

      An empirical assessment of characteristics and optimal portfolios, with Christopher Lamoureux. Review of Asset Pricing Studies (14), 2024. 

      Hedge fund manager skill and style-shifting, with George Jiang and Bing Liang. Management Science (68), 2022.

      Stock selection timing, with George Jiang and Gulnara Zaynutdinov. Journal of Banking and Finance (125), 2021.

      Seasonality in the cross-section of stock returns: Advanced markets vs emerging markets, with Fengyu Li and Dazhi Zheng. Journal of Empirical Finance (49),2018 

Selected Working Papers

     That is not my dog: Why doesn't the log dividend-price ratio seem to predict the future log returns or log dividend growths? with Philip Dybvig.

          AFA 2019 Conference; SFS Cavalcade Asian-Pacific 2017 Conference

     Fundamental extrapolation and stock returns, with Dashan Huang, Guofu Zhou, and Yingzhi Zhu

           EFA 2020  Conference;  AFA 2021  Conference

      Unspanned risk and risk-return tradeoff, with Hong Liu and Guofu Zhou

      Sharpening the Sharpe Analysis with Machine Learning-Evidence from Mutual Fund Style-shifting, with George Jiang and Bing Liang

Google Scholar

SSRN

Research Fingerprint

View Huacheng’s Research Fingerprint

Research Area