Lei Zhu

Education Background:Ph.D. in Accounting, Columbia Business School, Columbia University

Research Interests:Empirical Financial Economics, Accounting

Primary Email:leizhu@fudan.edu.cn

Overview

Selected Publications

Dr. Julie Lei Zhu is a Professor of Accounting at Fudan University's International School of Finance (FISF). She won the school's Best Teaching Award in 2022 for outstanding performance in the Finance EMBA program. Prior to joining FISF, she was an Assistant Professor at Boston University's Questrom School of Business, and an Associate Professor at the Shanghai Advanced Institute of Finance, Shanghai Jiao Tong University.

Professor Zhu's research spans inter-connected areas of empirical finance and financial accounting. Her research papers have been published in top academic journals including the Journal of Finance, Journal of Accounting and Economics, The Accounting Review, and Management Science. One of the main themes of her research is to develop accounting-based asset pricing models with fundamental factors, and use these models to evaluate empirical 'anomalies.' In another line of research, she applies financial accounting methodologies to analyze listed firms in China, other emerging economies, and developed markets.

Professor Zhu has many years of industry experience. She worked as a senior manager at Analysis Group, a leading economic consulting firm in Boston, where she led financial accounting and economic analyses on high profile legal cases, such as the Enron accounting scandal and the Microsoft antitrust cases. She also worked at KPMG in Boston, where she worked on audit and management consulting projects for financial services companies, and financial restructuring projects for manufacturing firms.

Professor Zhu received her Ph.D. in Accounting from Columbia University, where she won the Deloitte & Touche Foundation Dissertation Scholarship, and her Master's Degree in Finance from Boston College, where she won the Highest Academic Achievement Award.

 

(Updated by April 2025)

  • Franklin Allen, Jun "QJ" Qian, Chenyu Shan, and Julie Lei Zhu, Dissecting the Long-term Performance of the Chinese Stock Market, Journal of Finance, 2024, Volume 79, Issue 2, Pages 993-1054.
  • Feng Li, Jun "QJ" Qian, Haofei Wang, and Julie Lei Zhu, Stock Pledged Loans and Market Crash Risk: Evidence from China, The Journal of Finance and Data Science, 2023, Volume 9, 100104.
  • Stephen H. Penman, and Julie Lei Zhu, An Accounting-Based Asset Pricing Model and a Fundamental Factor, Journal of Accounting & Economics, 2022, Volume 73, No. 2-3, 101476.
  • Ke li, Lei Lu, Jun Qian, and Julie Lei Zhu, Enforceability and the Effectiveness of Laws and Regulations, Journal of Corporate Finance, 2020, Volume 62, 101598.
  • Ana Albuquerque, and Julie Lei Zhu, Has Section 404 of the Sarbanes-Oxley Act Discouraged Corporate Investment? New Evidence from a Natural Experiment, Management Science, 2019, Volume 65, Issue 7, Pages 2947-3448.
  • Ana Albuquerque, and Julie Lei Zhu, Has Section 404 of the Sarbanes-Oxley Act Discouraged Corporate Investment? New Evidence from a Natural Experiment, Management Science, 2019, Volume 65, Issue 7, Pages 2947-3448.