• YAN, Zhipeng

    Term Professor, MBA Program Faculty Co-Director

  • Email:

    zpyan@saif.sjtu.edu.cn

  • 　　

    　　

  • Support Staff:

    Phyllis Liu

  • Support Staff Email:

    yjliu@saif.sjtu.edu.cn

  • Research Interests

    Retirement Finance and Planning, Behavioral Finance, Investor Education and Protection, Investment Strategies, ESG, FinTech

Dr. Zhipeng Yan is a Professor and the MBA Program Faculty Co-Director at the Shanghai Advanced Institute of Finance (SAIF) at Shanghai Jiao Tong University, and a member of the Shanghai Professional Degree Graduate Education Steering Committee in Business Administration. Prior to joining SAIF, he served as the associate dean and tenured full professor of finance at the Martin Tuchman School of Management of the New Jersey Institute of Technology (NJIT) and was a visiting professor at the China Europe International Business School. Professor Yan also boasts extensive work experience in the financial services industry, having been the senior investment strategist at a joint venture between BlackRock Group and China Construction Bank, the general manager of Shanghai Orange Asset Management Co., Ltd., the general manager of the asset management department of Everbright Futures Co., Ltd., and an investment decision committee member of multiple asset management companies in China.

Professor Yan's primary research interests encompass investor education and protection, retirement finance and planning, investment strategies, behavioral finance, ESG, and wealth management. He has published over 30 articles in highly esteemed academic journals such as the Journal of Banking and Finance and the Journal of Futures Markets, as well as leading practitioner-relevant journals like the Financial Analysts Journal and the Journal of Portfolio Management. He was awarded the best paper award in corporate finance at the 2007 Midwest Finance Association Annual Meeting. In addition, Professor Yan Zhipeng has authored several books, including Reflections on Wall Street (2009, Commercial Press), Maniacs, Frauds, and Fools: A Third Eye on Investments (2015, Commercial Press), Three Piggy Banks: A Finance Professor's Guide to Children's Financial Literacy (2022, Publishing House of Electronics Industry), The Investment Code: Mind-Blowing Investment Wisdom (2022, Commercial Press), and Will Your Money Last in 30 Years? (2024, Publishing House of Electronics Industry).

Professor Yan holds CFA and FRM certifications. He is dedicated to spreading financial awareness and knowledge, having published around 50 opinion pieces through his Op-ed column, "Yan's Views on Stocks and Economy", in the Shanghai Securities News, a prominent business-focused daily newspaper in China. His articles cover a wide range of topics, from financial frauds to investment strategies, ESG, and raising financially responsible children. He also participated as a main guest in the recording of the first and second seasons of the documentary The Answer to Wealth, co-produced by Tencent News and China Post Savings Bank (2023, 2024).

Professor Yan was nominated five times for the NJIT university-level Excellence in Teaching Awards and once for the NJIT Board of Overseers Excellence in Service Award.


Journal Publications

1. Li, Ruihai, Xuewu (Wesley) Wang, Zhipeng Yan, and Yan Zhao, 2019, Sophisticated Investor Attention and Market Reaction to Earnings Announcements: Evidence From the SEC’s EDGAR Log Files, Journal of Behavioral Finance.

2. Wang, Renxuan, Xuewu Wang, and Zhipeng Yan, 2024, Sustainable success: How high ESG ratings affect stock market responses to earnings surprises, Finance Research Letters.

3. Bian, Shibo, Iftekhar Hasan, Xunxiao Wang, and Zhipeng Yan, 2024, Do markets value manager-investor interaction quality? Evidence from IPO returns, Review of Quantitative Finance and Accounting.

4. Zhu, Siwei, Baris Morkan, and Zhipeng Yan, 2023, Young geniuses versus old masters: Two different trajectories of individual knowledge bases in the innovation process, Knowledge and Process Management.

5. 阎志鹏, 2023, 论个人养老金制度建设三大“发力点”, 中国外汇.

6. 童雪敏, 阎志鹏, 祝国桥, 2022, 从国际经验视角浅析如何多方合力提升投资者金融素养, 中国银行业.

7. 卞世博, 管之凡, 阎志鹏, 2021, 答非所问与市场反应：基于业绩说明会的研究, 管理科学学报.

8. Chang, Jasmine (Aichih), Michael N. Katehakis, Jim (Junmin) Shi, and Zhipeng Yan, 2021, Blockchain-empowered Newsvendor optimization, International Journal of Production Economics.

9. Bian, Shibo, Dekui Jia, Ruihai Li, Wujun Sun, Zhipeng Yan, and Yingfei Zheng, 2021, Can management tone predict IPO performance? – Evidence from mandatory online roadshows in China, Pacific Basin Finance Journal.

10. Shen, Yao, and Zhipeng Yan, 2021, Systematic prediction of drug resistance caused by transporter genes in cancer cells, Scientific Reports.

11. Jondeau, Eric, Xuewu Wang, Zhipeng Yan, and Qunzi Zhang, 2020, Skewness and index futures return, Journal of Futures Markets.

12. Fang, Ming, Zhipeng Yan, and Yan Zhao, 2020, Immediate and Subsequent Market Responses to Earnings Announcements, SSRN Electronic Journal.

13. Lei, Qin, Xuewu Wesley Wang, and Zhipeng Yan, 2020, Volatility spread and stock market response to earnings announcements, Journal of Banking and Finance.

14. Gao, Xuechen, Xuewu Wang, and Zhipeng Yan, 2020, Attention: Implied Volatility Spreads and Stock Returns, Journal of Behavioral Finance.

15. 卞世博, 阎志鹏, 2020, "答非所问"与IPO市场表现——来自网上路演期间的经验证据, 财经研究.

16. 卞世博, 贾德奎, 阎志鹏, 2020, 招股说明书负面语调与IPO表现, 系统管理学报.

17. 贾德奎, 李瑞海, 冯琪, 阎志鹏, 2019, 家庭特征、金融知识与投资风险容忍度: 基于CFPS调查数据的研究, 南大商学评论.

18. Cheng, Lee Young, Yi Chen Su, Zhipeng Yan, and Yan Zhao, 2019, Corporate governance and target price accuracy, International Review of Financial Analysis.

19. Li, Ruihai, Xuewu Wang, Zhipeng Yan, and Qunzi Zhang, 2019, Trading against the grain: When insiders buy high and sell low, Journal of Portfolio Management.

20. Wang, Xuewu Wesley, Zhipeng Yan, Qunzi Zhang, and Xuechen Gao, 2018, Investor attention and stock market under-reaction to earnings announcements: Evidence from the options market, Journal of Futures Markets.

21. Yan, Zhipeng, Lee Young Cheng, Yan Zhao, and Chung Yuan Huang, 2016, Daily short covering activity and the weekend effect: Evidence from Taiwan, Pacific Basin Finance Journal.

22. Cheng, Lee Young, Zhipeng Yan, Yan Zhao, and Li Ming Gao, 2015, Investor Inattention and Under-Reaction to Repurchase Announcements, Journal of Behavioral Finance.

23. Yan, Zhipeng, and Yan Zhao, 2013, International diversification: Simple or optimization strategies?, International Journal of Finance.

24. Yan, Zhipeng, Yan Zhao, and Libo Sun, 2012, Industry Herding and Momentum, Journal of Investing.

25. Yan, Zhipeng, Yan Zhao, Wei Xu, and Lee Young Cheng, 2012, Earnings response elasticity and post-earnings-announcement drift, Journal of Asset Management.

26. Cheng, Lee Young, Zhipeng Yan, Yan Zhao, and Wei Fang Chang, 2012, Short selling activity, price efficiency and fundamental value of IPO stocks, Pacific Basin Finance Journal.

27. Yan, Zhipeng, and Yan Zhao, 2011, When two anomalies meet: The post-earnings announcement drift and the value-glamour anomaly, Financial Analysts Journal.

28. 高洪满, 阎志鹏, 2011, 第三方支付牌照与银行面临的问题和对策, 新金融.

29. Bulan, Laarni, and Zhipeng Yan, 2010, Firm Maturity and the Pecking Order Theory, International Journal of Business and Economics.

30. Bulan, Laarni, Paroma Sanyal, and Zhipeng Yan, 2010, A few bad apples: An analysis of CEO performance pay and firm productivity, Journal of Economics and Business.

31. Yan, Zhipeng, and Yan Zhao, 2010, A new methodology of measuring firm life-cycle stages, International Journal of Economic Perspectives.

32. Yan, Zhipeng, and Yan Zhao, 2010, New evidence on value investing in emerging equity markets, Applied Economics.

33. Bulan, Laarni T., and Zhipeng Yan, 2009, Tests of the Pecking Order Theory and the Firm Life Cycle, SSRN Electronic Journal.

34. Shughart, William F., Robert D. Tollison, and Zhipeng Yan, 2003, Rent seeking into the income distribution, Kyklos.

35. 阎志鹏, 胡震娅, 2000, 价格表演的潜台词, 价格理论与实践.

36. 阎志鹏, 胡震娅, 2000, “入世”对我国专业外贸企业的影响及发展对策, 国际贸易问题.

37. 乔蔚, 阎志鹏, 2000, 国企改革生死劫, 改革先声.

38. 阎志鹏, 李松涛, 蔡昱晨, 1999, 如何认识外贸代理制?, 对外经贸实务.

39. 阎志鹏, 李松涛, 俞自由, 1999, 网络保险的实践与展望, 上海金融.

40. 阎志鹏, 俞自由, 1999, 储蓄,证券,人寿保险的比较, 金融参考.

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