Gordon Y Billard Professor of Management and Finance, MIT Sloan School of Management
Associate Professor of Finance, MIT Sloan School of Management
Research Associate, National Bureau of Economic Research (NBER)
Faculty Affiliate, MIT Golub Center for Finance and Policy
Faculty Affiliate, MIT Laboratory for Financial Engineering
Email: zhuh at mit dot edu
Research Interest: Asset Pricing, Market Structure, Market Design
Haoxiang Zhu is Gordon Y Billard Professor of Management and Finance and Associate Professor of Finance at the MIT Sloan School of Management. He is also a Research Associate at the National Bureau of Economic Research, a Faculty Affiliate of the MIT Golub Center for Finance and Policy, and a Faculty Affiliate of the MIT Laboratory for Financial Engineering. He currently serves as a finance Department Editor of Management Science and an Associate Editor of Journal of Finance.
Zhu's main research interests are broadly in asset pricing, especially market structure and design. He has published research papers in Journal of Finance, Journal of Financial Economics, Review of Economic Studies, and Review of Financial Studies, among others. Zhu's research has won several awards, including the 2017 Amundi Smith Breeden Prize (First Prize) from the Journal of Finance, the 2016 AQR Insight Award Prize (First Prize), the 2015 Kepos Capital Award for Best Paper on Investments from the Western Finance Association, and the 2013 Review of Financial Studies Young Researcher Prize. In 2016, he was named one of the 40 under 40 Best Business School Professors by Poets and Quants.
Haoxiang Zhu actively involves in policy issues on financial markets and financial regulation. He has previously served as an academic expert for the US Commodity Futures Trading Commission (CFTC) and the Bank for International Settlements (BIS), and is currently a member of the Federal Reserve Bank of Chicago's Working Group on Financial Markets.
He holds a BA in Mathematics and Computer Science from the University of Oxford and a PhD in Finance from Stanford University Graduate School of Business.
New or Recently Revised Working Papers (see CV for full list)
SSRN started to ask for logins before downloading papers, which I find inconvenient. As a result, I no longer post SSRN links on my webpage. All paper links here go to PDF files directly.
Policy Involvement in Market Structure and Other Topics
Market Design for LIBOR Transition
Publications/Forthcoming Articles (in reverse chronological order)
This paper large subsumes the earlier version, "Welfare and Optimal Trading Frequency in Dynamic Double Auctions", with Songzi Du, December 2015