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教师简历

施展

教育背景

2014              宾夕法尼亚州立大学帕克校区,金融系,博士学位

2008              复旦大学,统计系,学士学位

 

工作和实习经历

2016至今       清华大学五道口金融学院,助理教授

2014-2016    俄亥俄州立大学,金融系,访问助理教授
 

研究领域

固定收益、市场微观结构、动态公司金融、金融科技


发表成果

"Time-Varying Ambiguity, Credit Spreads, and the Levered Equity Premium"Journal of Financial Economics, 2019, 134 (3): 617-646.
"Specification Analysis of Structural Credit Risk Models" with Jingzhi Huang and Hao Zhou, Review of Finance, 2020, 24 (12): 45-98.

"What do we know about corporate bond returns?" with Jingzhi Huang, Annual Review of Financial Economics, 2021, 13 (1): 363-399.

"Machine-Learning-Based Return Predictors and the Spanning Controversy in Macro-Finance" with Jingzhi Huang,Management Science, forthcoming.


工作论文

"The Global Credit Spread Puzzle" with Jingzhi Huang and Yoshio Nozawa, R&R

"Determinants of Short-Term Corporate Yield Spreads — Evidence from the Commercial Paper Market" with Jingzhi Huang and Bibo Liu,R&R

"Low-Dimensional Macro-Finance Term Structure Models" with Jingzhi Huang

"Understanding Term Premia on Real Bonds" with Jingzhi Huang

"Can structural model of credit risk hedge interest rate risk in corporate bonds?" with Jingzhi Huang,R&R

"Real Effects of Debt Markets: Corporate Bond Illiquidity and Risk-Taking" with Jingzhi Huang, Yuan Wang and Rui Zhong

"The Dark Side of Machine Learning: Evidence from the Corporate Bond Market" with Yao Xiao



合著书籍

Model Selection for High-Dimensional Problems (with Jingzhi Huang and Wei Zhong), 2013, Handbook of Financial Econometrics and Statistics, edited by C.F. Lee and John Lee, Chapter 77, Springer Verlag.

 

教学经历

Interest Rate Models (Tsinghua, Master in Finance)                                                               2021-2022

FinTech and Financing Innovation (Tsinghua, Master in Finance)                                          2021-2022

Fixed Income, Currencies and Commodities (Tsinghua, Master in Finance)                          2020-2022

Financial Derivatives (Tsinghua, undergraduate)                                                                    2016-2019

Financial Risk Management (Tsinghua, undergraduate)                                                         2016-2019

Options & Futures I (OSU, undergraduate)                                                                             2014-2016

Fixed Income & Credit Risk (OSU, MBA & Master in Finance)                                               2014-2016

Derivative Markets (PSU, undergraduate)                                                                                       2012

Security Analysis and Portfolio Management (PSU, undergraduate)                                      2010-2011