Yifei ZHANG
Dr. Yifei ZHANG
经济学
Senior Lecturer
BEcon/BEcon & Fin Deputy Programme Director and Admissions Tutor

3910 3102

KK 1332

Academic & Professional Qualification
  • Ph.D. in Economics, The Chinese University of Hong Kong
  • M.A. in Economics, The State University of New York at Albany
  • B.Sc. (Honors) in Applied Mathematics, Hong Kong Baptist University
Biography

Dr. Yifei Zhang is a senior lecturer at the HKU Business School. Prior to joining the University of Hong Kong, he taught at the Hong Kong Polytechnic University and Beijing Normal University-Hong Kong Baptist University United International College.

Dr. Zhang’s research interests include Chinese Economy, Development Economics, and Political Economy. Upon graduation, he did Ph.D. internship at the Hong Kong Institute for Monetary Research (HKIMR) and worked at the Chinese University of Hong Kong as a postdoctoral fellow. His works appear in peer-reviewed journals such as Journal of Comparative Economics, Economics Letters, Small Business Economics, China Economic Review, etc.

Dr. Zhang has experience teaching various economics courses, such as Chinese Economy, Econometrics, Game Theory, etc. He also has a passion for supervising and collaborating with his students. The co-authored works have been published in academic journals such as: Journal of Comparative Economics, Economics Letters, Small Business Economics, Applied Economics, International Review of Economics & Finance, and International Studies of Economics.

Research Interest
  • Chinese Economy
  • Development Economics
  • International Finance
  • Political Economy
Selected Publications

Selected Working Papers

  • Zhang, Q. & Zhang, Y. “Competitive Borrowings in Squeezing Marriages.”
  • Bu, J., Du, J., & Zhang, Y. “Host-State-Friendly BIT Reforms and Foreign Direct Investment.”

Journal Articles

  • Ashton, J., Wang, Y., & Zhang, Y. (2024). “Does Mutual Fund Ownership Increase Corporate Environmental Spending?” Journal of Business Research, 184, 114878.
  • Du, J., & Zhang, Y. (2024). ISDS Disputes, Adjudications and Cross-Border M&As. Journal of Corporate Finance, 87, 102594.
  • Wang, Y., Chen, X., Zhang, Y.(2024). “Do Alumni Relationships between Executive Directors and Auditors Matter for Financial Reporting Quality?” Accounting Forum, forthcoming.
  • Wang, Y., Zhang, Y., Chang X., Wei, K., (2024). “CEO Tenure and Environmental Fraud for Listed Family Firms.” Business Strategy and the Environment, 33(3), 1887-1905.
  • Du, J., & Zhang, Y. (2024). “The Impact of ISDS Arbitration Claims and Adjudication on Cross-Border Direct Investment.” Transnational Corporations Review, forthcoming.
  • Liu, Y., Zhang, Y., Yang, Y., & Chen, X. (2023). Dark Side of Environmental Regulation: Wage Inequality Cost. Journal of Comparative Economics, 51(2), 524-544.
  • Rouse, M., Ottemoesoe, S., Wang, Y., Zhang, Y. (2023). “Do Female Independent Directors Reduce Corporate Risk Taking During COVID-19?” Asia-Pacific Journal of Accounting & Economics, 1-20.
  • Liu, Y., Zhang, Y., Zhang, Y., & Xiao, H. (2022). Small business owners’ Fintech credit in crises: Theory and evidence from farmers under the COVID-19. Pacific-Basin Finance Journal, 71, 101692.
  • Liu, Y., Zhang, Y., Fang, H., & Chen, X. (2022). SMEs’ line of credit under the COVID-19: evidence from China. Small Business Economics, 58(2), 807-828.
  • Wang, Y., Zhang, Y., Kang, W., & Ahmed, A. H. (2022). Female analysts and COVID-19 corporate donation. Emerging Markets Review, 100941.
  • Zhang, Y., Liu, Y., Zhang, Y., & Chen, X. (2022). Globalization blueprint and households’ fintech debt: Evidence from China’s One Belt One Road initiative. International Review of Economics & Finance, 79, 38-55.
  • Chen, X., Fang, H., Liu, Y., & Zhang, Y. (2022). Does Chinese policy banks’ overseas lending favor Belt Road Initiative countries?. International Studies of Economics.
  • 张云, 刘芸, & 章逸飞. (2022). “房住不炒” 政策的股市溢出效應 ——包含房產要素的動態均衡模型與資產定價研究. 系統工程理論與實踐, 865-878.
  • Liu, Y., Zhang, Y., Chen, X., & Yang, Y. (2021). Superstition and farmers’ life insurance spending. Economics Letters, 206, 109975.
  • Xiao, H., Chen, X., Fang, H., & Zhang, Y. (2021). Insider share pledging and firm value consequences under the COVID-19: evidence from China. Applied Economics, 53(56), 6522-6534.
  • Chen, X., Xiao, H., & Zhang, Y. (2021). To what extent did independent directors help firms’ recovery during the COVID-19 pandemic? Evidence from China. Applied Economics, 53(38), 4464-4480.
  • Wang, Y., & Zhang, Y. (2020). Do state subsidies increase corporate environmental spending?. International Review of Financial Analysis, 72, 101592.
  • Du, J., & Zhang, Y. (2018). Does one belt one road initiative promote Chinese overseas direct investment?. China Economic Review, 47, 189-205. (Elsevier Awards for the Best Papers published in China Economic Review in 2018.)

Book Chapters

  • Wang, Y., Zhang, Y., & Chen, X. (2023). “Detecting financial statement fraud using the machine learning methods.” FinTech Research and Applications: Challenges and Opportunities. World Scientific.
  • Du, J., & Zhang, Y. (2022). “In Fear of Trojan Horse? China’s Cross-Border Acquisitions in Europe amid the One-Belt-One-Road Initiative.” China and the Belt and Road Initiative: Trade Relationships, Business Opportunities and Political Impacts. Springer: Understanding China Series.
  • Du, J., Fang, H., & Zhang, Y. (2021). “One Belt One Road Initiative and China’s Overseas Lending.” Belt and Road Initiative (BRI): China’s Global Business Footprint. Centre for Business & Economic Research.
  • Du, J., & Zhang, Y. (2019). “One Belt One Road Initiative and China’s Overseas Direct Investment.” In Yuan Li, Markus Taube (Ed.), How China’s Silk Road Initiative is Changing the Global Economic Landscape (pp. 130-165). Routledge.
Recent Publications
ESG阻力从何而来

环境、社会及管治(ESG)投资正迅速成为全球金融市场的焦点,旨在将环保与社会责任纳入投资决策,以促进可持续发展。尽管受到广泛支持,ESG投资仍面临反对声音,特别是在美国,许多州政府及能源行业对其持批评态度,担心其可能对经济和企业竞争力造成负面影响,相关政策限制了ESG因素在投资中的应用,这使得许多投资者对ESG投资的长期效益产生疑虑。

ESG阻力从何而来

环境、社会及管治(ESG)投资正迅速成为全球金融市场的焦点,旨在将环保与社会责任纳入投资决策,以促进可持续发展。尽管受到广泛支持,ESG投资仍面临反对声音,特别是在美国,许多州政府及能源行业对其持批评态度,担心其可能对经济和企业竞争力造成负面影响,相关政策限制了ESG因素在投资中的应用,这使得许多投资者对ESG投资的长期效益产生疑虑。

国际可持续公共采购的实践与展望

传统的公共采购政策主要考虑成本、质量和用家需求。为使公营部门更有效支持可持续发展目标和推动环境保护,「可持续公共采购」概念逐渐成为国际间的主流。这概念更强调环境、社会和经济效益的平衡,旨在通过政府采购活动促进可持续发展。

生物多样性风险管理:全球策略及政策实践

What are the links between biodiversity and capital market investments? Over half of the global economy depends on nature. Protecting biodiversity can create new investment opportunities.

生物多样性风险管理:全球策略及政策实践

What are the links between biodiversity and capital market investments? Over half of the global economy depends on nature. Protecting biodiversity can create new investment opportunities.

气候讯息披露法规发展新里程

气候变化对社会及经济产生的影响备受投资者重视,近年有增无已。 由于全球变暖而导致极端天气事件(如洪水、干旱、风暴)愈趋频仍和严重,对企业的设施、基础设施及供应链难免造成损害,以致不利于生产和消费。

气候讯息披露法规发展新里程

气候变化对社会及经济产生的影响备受投资者重视,近年有增无已。 由于全球变暖而导致极端天气事件(如洪水、干旱、风暴)愈趋频仍和严重,对企业的设施、基础设施及供应链难免造成损害,以致不利于生产和消费。