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Zhiguo He
Professor of Finance, University of Chicago
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Zhiguo He is a Special-Term Professor of Economics at Shanghai Advanced Institute of Finance (SAIF), and Professor of Finance at University of Chicago.
 
Professor He is interested in banking, corporate finance, financial market and crisis, with a special focus on contract theory. His research has been published in leading academic journals including American Economic Review, Econometrica, Review of Economic Studies, Journal of Finance, Review of Financial Studies, Journal of Financial Economics, and Management Science. He was awarded the 2014 Alfred P. Sloan Fellowship in Economics.
 
Before joining the Chicago Booth faculty in 2008, Professor He was visiting the Bendheim Center for Finance at Princeton University as a post-doc fellow. He was a stock analyst at the China International Capital Corporation in Beijing in 2001.
 
In 2007, Professor He won the Lehman Brothers Fellowship for Research Excellence in Finance, which is an annual competition of doctoral theses from top business schools. In 2012, he won the Swiss Finance Institute Outstanding Paper Award which is awarded annually to an unpublished research paper and making an outstanding contribution to the field of finance. In 2012, he won the Smith-Breeden First Prize which is an annual award to the best paper in financial markets published in Journal of Finance. In 2014, he won the Brattle Group First Prize which is an annual award to the best paper in corporate finance in published in Journal of Finance.
 
Professor He holds a B.S. and M.S. in Finance from Tsinghua University (1999, 2001) and a Ph.D. in Finance from Northwestern University (2008).

Research Interests
Banking and Corporate Finance, Financial Market and Crisis, Contract Theory.

Journal Publications & Working Papers
1. He, Zhiguo, and Asaf Manela, Forthcoming, Information Acquisition and Rumor-Based Bank Runs, Journal of Finance.
2. Krishnamurthy, Arvind, Zhiguo He, and Konstantin Milbradt, Forthcoming, What Makes US Government Bonds Safe Assets?, American Economic Review Papers and Proceedings .
3. He, Zhiguo, and Konstantin Milbradt, Forthcoming, Dynamic Debt Maturity, Review of Financial Studies.
4. He, Zhiguo, and Peter Kondor, 2016, Inefficient Investment Waves, Econometrica.
5. Diamond, Douglas W., and Zhiguo He, 2014, A Theory of Debt Maturity: the Long and Short of Debt Overhang, Journal of Finance.
6. He, Zhiguo, and Gregor Matvos, 2014, Debt and Creative Destruction: Why Could Subsidizing Corporate Debt Be Optimal?, Management Science.
7. He, Zhiguo, and Konstantin Milbradt, 2014, Endogenous Liquidity and Defaultable Bonds, Econometrica.
8. He, Zhiguo, Si Li, Bin Wei, and Jianfeng Yu, 2014, Uncertainty, Risk, and Incentives: Theory and Evidence, Management Science.
9. He, Zhiguo, and Arvind Krishnamurthy, 2013, Intermediary Asset Pricing, American Economic Review.
10. He, Zhiguo, and Wei Xiong, 2013, Delegated asset management,investment ma dates,and capital immobility, Journal of Financial Economics.
11. Demarzo, Peter M., Michael J. Fishman, Zhiguo He, and Neng Wang, 2012, Dynamic Agency and The q Theory of Investment, Journal of Finance.
12. He, Zhiguo, and Wei Xiong, 2012, Debt Financing in Asset Markets, American Economic Review P&P.
13. He, Zhiguo, 2012, Dynamic Compensation Contracts with Private Savings, Review of Financial Studies.
14. He, Zhiguo, and Wei Xiong, 2012, Dynamic Debt Runs, Review of Financial Studies.
15. He, Zhiguo, and Wei Xiong, 2012, Rollover Risk and Credit Risk, Review of Financial Studies.
16. He, Zhiguo, and Arvind Krishnamurthy , 2011, A Model of Capital and Crises, Review of Financial Studies.
17. He, Zhiguo, 2011, A Model of Dynamic Compensation and Capital Structure, Journal of Financial Economics.
18. He, Zhiguo, In Gu Khang, and Arvind Krishnamurthy, 2010, Balance Sheet Adjustments during the 2008 Crisis, IMF Economic Review.
19. He, Zhiguo, 2009, Optimal Executive Compensation when Firm Size Follows Geometric Brownian Motion, Review of Financial Studies.
20. He, Zhiguo, 2009, The Sale of Multiple Assets with Private Information, Review of Financial Studies.

Teaching Interests
SAIF Seminar I

Current Courses

Term Program Course Total Hours
2016Spring PHD SAIF Seminar I 24
Faculty & Research
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