Lei Zhu

学历信息:Ph.D. in Accounting, Columbia Business School, Columbia University

研究方向:Empirical Financial Economics, Accounting

电子邮件:leizhu@fudan.edu.cn

简介

代表性论文

Professor Lei Zhu, Associate Professor of Accounting (with tenure), Fanhai International School of Finance.

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.  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 July 2021)



  • Stephen H. Penman and Julie Zhou, An Accounting-Based Asset Pricing Model and a Fundamental Factor, Journal of Accounting&Economics, forthcoming.
  • Ke li, Lei Lu, Jun Qian, and Julie Lei Zhu, Enforceability and the Effectiveness of Laws and Regulations, Journal of Corporate Finance, June 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.