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Ruishen ZHANG
Prof. Ruishen ZHANG
Accounting and Law
Assistant Professor

3917 0443

KK 604

Academic & Professional Qualification
  • Frankfurt School of Finance & Management (Frankfurt, Germany)
    Ph.D. in Accounting (Doctor rerum politicarum, Summa Cum Laude), 2017–2020
  • MIT Sloan School of Management (Cambridge, U.S.)
    Visiting scholar, 2018–2019
  • Tilburg University (Tilburg, Netherlands)
    Research Master in Accounting, 2015–2017
  • Dongbei University of Finance & Economics (Dalian, China)
    B.B.A. (Accounting), 2010–2014
Biography

Prof. Ruishen Zhang joined HKU in 2024 as an Assistant Professor of Accounting. During 2020-2024, Ruishen held the position of Associate Professor of Accounting at Shanghai University of Finance and Economics. He holds a PhD in accounting from Frankfurt School of Finance and Management. His research interests lie in the areas of climate finance, information production in capital markets, financial accounting, and corporate governance. Taking advantage of unstructured data and advancements in textual analyses and large language models, Prof. Zhang is experienced in addressing important economic questions relevant to both academia and practice. His work has been published in the Journal of Finance and Management Science.

Research Interest
  • Climate finance
  • Information production in capital markets
  • Corporate governance
  • Executive compensation
Selected Publications
  • Zacharias Sautner, Laurence Van Lent, Grigory Vilkov, Ruishen Zhang (2023). Firm-Level Climate Change Exposure. The Journal of Finance, 78(3), 1449-1498.
    https://doi.org/10.1111/jofi.13219
  • Zacharias Sautner, Laurence van Lent, Grigory Vilkov, Ruishen Zhang (2023). Pricing Climate Change Exposure. Management Science, 69(12):7540-7561.
    https://doi.org/10.1287/mnsc.2023.4686
Recent Publications
More
18Dec
Prof. Ruishen ZHANG
Pricing Climate Change Exposure

Climate change presents huge challenges for financial markets. How should firm-level exposure to climate change be measured? Does a risk premium for climate change exposure exist? If so, how does it evolve over time? Which underlying climate-related economic variables drive this risk premium? In light of these challenging questions, significant resources have been allocated to develop the area of climate finance to better grasp how the transition to a low-carbon economy affects financial markets. This paper provides additional evidence to understand more fully how climate-related risks and opportunities affect stock returns.

18 Dec 2024
Research