Professor Lei Zhu, Professor of Accounting at International School of Finance, Fudan University.

Professor Zhu's research involves theoretical and empirical corporate finance and financial institutions, financial market and its legal and regulatory system. Her paper "Accounting Anomalies, Risk and Return," co-authored with Professor Stephen Penman of Columbia Business School, analyses the relationship between stock market efficiency and market anomalies. This paper was well cited and published in a world renowned academic journal The Accounting Review.  One more paper “An Accounting-Based Asset Pricing Model and a Fundamental Factor”, co-authored with Professor Stephen Penman of Columbia Business School, is published in top academic journal, i.e. Journal of Accounting and Economics in 2022. She also has a number of other papers, with topics covering a wide range of areas, including the relationship between financial analysts and merger, management buyouts and earnings management, analysis of the merger negotiations between the two sides, as well as the impact of the Sarbanes-Oxley Act on corporate investment. This paper has been selected as teaching material for the doctoral program at Harvard Business School. Her papers are also published in other leading journals such as Management Science.

Professor Zhu's dissertation "a New Measure for Shareholder Value Creation and the Performance of Mergers and Acquisitions," received Deloitte & Touche Foundation Doctoral (Dissertation) Fellowship and Western Finance Association Doctoral Student Grant in 2009.

Professor Zhu Lei has many years of industry experience. She worked as a manager in the Boston based Consulting Group before she started the PhD courses. She had conducted a number of large economic dispute analysis cases including the well-known Enron accounting scandal and the Microsoft antitrust case. Reports on Enron accounting for derivatives written by Professor Zhu have been accepted by experts and Court, and played an important role in the final court judgment against Enron.

Professor Zhu offers a series of courses including "Financial Accounting", "Financial Reporting and Control", "Financial Statement Analysis" and "Managerial Accounting" in both Boston University and Columbia University.

Professor Zhu receives her Ph.D. in Accounting from Columbia Business School, Columbia University, in 2009. And she receives her Master Degree in Finance from Boston College, in 2001.

(Updated by March 2024)