Welcome to my homepage. I received my Ph.D. in Finance from the Hong Kong University of Science and Technology, a Master's degree in Economics from the National University of Singapore, and a Bachelor's degree in Economics from Peking University. My research focuses on corporate finance and financial intermediation. My work has been published in leading academic journals such as Journal of Accounting Research, Journal of Financial and Quantitative Analysis, Management Science, etc. I currently serve as a Subject Editor at Journal of International Financial Markets, Institutions and Money. 

I am recruiting dedicated PhD students who are passionate about academic research in finance, public finance, and interdisciplinary fields combining financial economics with computer science.

Personal website: zilong-zhang.chatgpt.site

• The Impact of Bank Financing on Borrowers' Voluntary Disclosure and Real Investments (with Mingyi Hung, Yupeng Lin, and Lynn Wang), 2026, Management Science 72(2): 1175–1197.

• Wrong Kind of Transparency? Mutual Funds’ Higher Reporting Frequency, Window Dressing, and Performance (with Xiangang Xin and Eric Yeung), 2024, Journal of Accounting Research 62: 737-781.

• Labor Mobility and Loan Origination (with Sumit Agarwal, Yupeng Lin, and Yunqi Zhang), 2024, Journal of Financial and Quantitative Analysis 59: 2099-2132.

• The Real Effects of Implicit Government Guarantee: Evidence from Chinese SOE Defaults (with Shuang Jin and Wei Wang), 2023, Management Science 69: 3650–3674.

• Bank Interventions and Trade Credit: Evidence from Debt Covenant Violations (single author), 2019, Journal of Financial and Quantitative Analysis 54: 2179–2207.

• How Firms Adapt to Rising Temperatures: Evidence from U.S. Establishments (with Zuben Jin, Weikai Li, and Yupeng Lin), 2026, Journal of Business Ethics 205: 673–701.

• Peer Default and Edgar Searches (with Oliver Li, Yupeng Lin, and Jinping Zhang), 2025, Journal of Corporate Finance 95: 102891.

• Earnings Management Upon a Sovereign Downgrade: International Evidence (with Yupeng Lin and Bohui Zhang), 2025, Journal of Accounting and Public Policy 52: 107324.
  

• Individualism and the Fight Against COVID-19 (with Li Huang, Oliver Li, Baiqiang Wang), 2022, Nature: Humanities and Social Sciences Communications 9: 120.

• Employee Inside Debt and Firm Risk-Taking: Evidence from Employee Deposit Programs in Japan (with Sudipto Dasgupta, Takeshi Yamada, and Yupeng Lin), 2019, Review of Corporate Finance Studies 8: 302–347.

• Acquiring Organizational Capital (with Peixin Li, Weikai Li, and Baolian Wang), 2018, Finance Research Letters 25: 30–35.

PhD Program

Theoretical and Empirical Corporate Finance (2023; 2025 Autumn)

MBA Program

Financial Accounting (2023 Autumn); Corporate Finance (2025; 2026 Spring); Corporate Governance (2025 Autumn)

Master Program

Corporate Governance (2020; 2021)

Financial Management (2017; 2018; 2019)

Theoretical Foundations of Banking (2015)

Undergraduate Program

Intermediate Accounting (2023; 2024; 2025; 2026 Spring) 

Intermediate Accounting (in Chinese) (2023; 2024; 2025; 2026 Spring) 

Introduction to Managerial Accounting (2016; 2017)

National Natural Science Foundation of China (NSFC) General Program, Principal Investigator, 2027

Overseas Talent Recruitment Program (Qiming Plan), Principal Investigator, 2024

Major Project of the National Social Science Fund of China (NSSFC), Subproject Lead, 2023

General Research Grant (Hong Kong Research Grants Council), Principal Investigator, 2018-2021

Early Career Scheme Grant (Hong Kong Research Grants Council), Principal Investigator, 2017-2020