Zhi Da
Howard J. and Geraldine F. Korth Professor of Finance
Finance
574-631-0354
258 Mendoza College of Business
- Biography
- Background
- Publications
Zhi Da is a Professor of Finance. His research focuses on empirical asset pricing and investment. In recent papers, he studied the returns on financial assets surrounding liquidity events, cash flow risks of financial assets, equity analyst forecasts, and the mutual fund performance. He was a finalist for the Lehman Brothers Fellowship for Research Excellence in Finance (2005). Zhi also received competitive research grants from Moody’s KMV and Morgan Stanley. He teaches an elective course on debt instruments at Notre Dame. After gaining a BBA and an MSc from National University of Singapore, he worked at the interest rate and exotic derivative trading desk in DBS Bank. He subsequently earned a PhD in Finance from Northwestern University.
Education
Ph D, Northwestern University
MS, National University of Singapore
BBA, National University of Singapore
Areas of Expertise
Empirical Asset Pricing
Investment
"Presidential Economic Approval Rating and the Cross-section of Stock Returns", (With Zilin Chen, Dashan Huang, Liyao Wang), Journal of Financial Economics, 147
"Short Selling Efficiency", (With Yong Chen, Dayong Huang), Journal of Financial Economics, 145, 2022
"Who Pays Attention to SEC Form 8-K?", (With Azi Ben-Rephael, Peter Easton, Ryan Israelsen), The Accounting Review, 97, 2022
"Extrapolative Beliefs in the Cross-section: What Can We Learn from the Crowds?", (With Lawrence Jin, Xing Huang), Journal of Financial Economics, 140
"Hedging Demand and Market Intraday Momentum", (With Guido Baltussen, Sten Lammers, Martin Martens), Journal of Financial Economics, 142
"Information Consumption and Asset Pricing", (With Azi Ben-Rephael, Bruce Carlin, Ryan Israelsen), Journal of Finance, 76
"Investment in a Smaller World: The Implications of Air Travel for Investors and Firms", (With Umit Gurun, Bin Li, Mitch Warachka), Management Science, 67, 2021
"Harnessing the Wisdom of Crowds", (With Xing Huang), Management Science, 66, 2020
"Arbitrage Trading: the Long and the Short of it", (With Yong Chen, Dayong Huang), Review of Financial Studies, 32, 2019
"Indexing and Stock Market Serial Dependence around the World", (With Guido Baltussen, Sjoerd Bekkum), Journal of Financial Economics, 132, 2019
"Destabilizing financial advice: Evidence from pension fund reallocations", (With Borja Larrian, Clemens Sialm, Jose Tessada), Review of Financial Studies, 31, 2018
"Fiscal Policy, Consumption Risk, and Stock Returns: Evidence from US States", (With Mitch Warachka, Hayong Yun), Journal of Financial and Quantitative Analysis, 53, 2018
"Industrial Electricity Usage and Stock Returns", (With Dayong Huang, Hayong Yun), Journal of Financial and Quantitative Analysis, 52, 2017
"It Depends on Where You Search: Institutional Investor Attention and Under-reaction to News", (With Azi Ben-Rephael , Ryan Israelsen), Review of Financial Studies, 30, 2017
"Household Production and Asset Prices", (With Wei Yang, Hayong Yun), Management Science, 62, 2016
"What Moves Investment Growth?", (With Long Chen, Borja Larrian), Journal of Money, Credit, and Banking, 48, 2016
"Lottery Tax Windfalls, State-Level Fiscal Policy, and Consumption", (With Hayong Yun, Mitch Warachka), Economics Letters, 129, 2015
"The Sum of All FEARS: Investor Sentiment and Asset Prices", (With Joey Engelberg, Pengjie Gao), Review of Financial Studies, 28, 2015
"What Drives Stock Price Movement", (With Long Chen, Xinlei Zhao), Review of Financial Studies, 26, 2013