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Ligang Zhong CV

pictue of Ligang Zhong

Ligang Zhong, Ph.D.
Professor, Finance
lzhong@uwindsor.ca
519-253-3000 ext. 3088
Office: OB 424

Education 

  • Ph.D.  Queen's University, Kingston, Canada, Finance, 2012.
  • M.S.  University of Guelph, Canada, Physics, 2007.
  • B.A.  Nankai University, China, BioPhysics, 2004.

Employment Experience 

  • Professor, Odette School of Business, University of Windsor (July 2024-Present)
  • Associate Professor, Odette School of Business, University of Windsor (July 2018-June 2024)
  • Assistant Professor, Odette School of Business, University of Windsor (July 2014-June 2018)
  • Associate Professor, Southwestern University of Finance and Economics (September 2012-June 2014), Chengdu, China.

Honours and Awards 

  • 2013:  Excellence in Research Award, Southwestern University of Finance and Economics, China.
  • 2013:  Excellence in Teaching Award, Southwestern University of Finance and Economics, China.

INTELLECTUAL CONTRIBUTIONS

Articles 

  • Ouyang, P. & Zhong, L. (2023).  Asset redeployability and dividend payout policy.   Quarterly Review of Economics and Finance, 90, 91-105, https://doi.org/10.1016/j.qref.2023.05.005.  [August]
  • ​Baker, H.K.; Dutta, S.; Saadi, S. & Zhong, L. (2022).  Does media coverage affect credit rating change decisions?  Journal of Banking & Finance, 145, https://doi.org/10.1016/j.jbankfin.2022.106667. [December]
  • Ursel, N. & Zhong, L. (2021). Unionization and CEO turnover. Industrial Relations Journal, http://doi.org/10.1111/irj.12354. [November]
  • Ding, X. & Zhong, L. (2020). Challenges and opportunities in China's financial markets.  Chinese Economy: Translations and studies, 53 (3), 217-220, http://doi.org/10.1080/10971475.2020.120956.
  • Chourou, L.; He, L. & Zhong, L. (2020).  Does religiosity enhance the quality of management earnings forecasts?  Journal of Business Finance & Accounting, 47 (7-8), 910-948, http://doi.org/10.1111/jbfa.12446.
  • Guo, M., He, L., & Zhong, L. (2018).  Business groups and corporate social responsibility: Evidence from China.   Emerging Markets Review, 37, 83-97, http://doi.org/10.1016/j.ememar.2018.05.002.
  • Ursel, N. D., & Zhong, L. (2017).  Why do firms pay high underwriting fees? SEO withdrawal, underwriter certification and CEO turnover.   Journal of International Financial Markets, Institutions & Money, 54, 98-113, http://doi.org/10.1016/j.intfin.2017.05.009.
  • Zhong, L., Ding, S., & Tay, N. S. (2017).  The impact on stock returns of crowding by mutual funds.   Journal of Portfolio Management, The, 43 (4), 87-99, http://doi.org/10.3905/jpm.2017.43.4.087.
  • Zhou, F., Fan, Y., An, Y., & Zhong, L. (2017).  Independent directors, non-controlling directors, and executive pay-for-performance sensitivity: Evidence from Chinese non-state owned enterprises.   Pacific-Basin Finance Journal, 43, 55-71, http://doi.org/10.1016/j.pacfin.2017.02.003.
  • Zhong, L., Chourou, L., & Ni, Y. (2017).  On the association between strategic institutional ownership and earnings quality: Does investor protection strength matter?   Journal of Accounting and Public Policy, 36 (2017), 429-450, http://doi.org/10.1016/j.jaccpubpol.2017.09.02.
  • Boubaker, S., Chourou, L., Saadi, S., & Zhong, L. (2017).  Does institutional investor horizon influence US corporate financing decisions?   International Review of Financial Analysis, http://doi.org/10.1016/j.irfa.2017.09.001.
  • Ding, S., Mo, J., & Zhong, L. (2016).  The effect of cross-border mergers and acquisitions on earnings quality: Evidence from China.   Thunderbird International Business Review, 59 (4), 519--531, http://doi.org/10.1002/tie.21851.
  • Baker, H. K., Chkir, I., Saadi, S., & Zhong, L. (2016).  What drives the high moments of hedge fund returns?   Applied Economics, 49 (8), 738-755, http://doi.org/10.1080/00036846.2016.1205723.
  • Ding, X., Wu, M., & Zhong, L. (2016).  The Effect of Access to Public Debt Market on Chinese Firms' Leverage.   Chinese Economy, The: translations and studies, 49 (5), 327-342, http://doi.org/10.1080/10971475.2016.1193387.
  • Ni, Y., Ding, S., & Zhong, L. (2016).  Free float and market liquidity around the world.   Journal of Empirical Finance, 38A, 236-257, http://doi.org/10.1016/j.jempfin.2016.07.002.
  • Purda, L., Sonmez, F., & Zhong, L. (2015).  Financial Institution Credit Assessment and Implications for Portfolio Managers.   Journal of International Financial Markets, Institutions & Money, 38 (September), 148-166, http://doi.org/10.2469/dig.v46.n2.11.
  • Bae, K., Purda, L., Welker, M., & Zhong, L. (2013).  Credit Rating Initiation and Accounting Quality for Emerging Market Firms.   Journal of International Business Studies, 44 (3), 216-234, http://doi.org/10.1057/jibs.2013.4.

Presentations 

  • Ursel, N. & Zhong, L. (2019). Unionization and CEO turnover. Odette School of Business Brown Bag Research Series Presentation, Windsor.
  • Ursel, N. & Zhong, L. (2019, June). Unionization and CEO Turnover.  French Finance Association annual meeting, Quebec City.
  • Ursel, N. & Zhong, L. (2019, April). Unionization and CEO Turnover.  Eastern Finance Association annual meeting, Miami.
  • He, L., Zhang, J., & Zhong, L. (2018, October). The real effects of financing on corporate social responsibility: Evidence from covenant violations. Invited presentation at Financial Management Association annual meeting, San Diego.
  • Luo, H., Zhang, J., & Zhong, L. (2018, June). The impact of creditor control rights on corporate goodness: Evidence from covenant violations.  Canadian Academic Accounting Association annual conference, Calgary.
  • Zhong, L. (2017, July). Does media coverage affect credit rating change decisions.  China International Conference in Finance, Hangzhou, China.
  • Baker, K., Dutta, S., Sadi, S., & Zhong, L. (2016, October). Does media coverage affect credit rating change decisions?  Financial Management Association annual meeting, Las Vegas.
  • Zhong, L. (2016, October). Religiosity and corporate voluntary disclosure: evidence from management earnings forecasts.  Financial Management Association International annual meeting, Las Vegas.
  • Zhong, L. (2015, October). On the association between institutional investors and earnings quality: Does investor protection strength matter?  Financial Management Association International annual meeting, Orlando.
  • Zhong, L. (2015, July). Does Media Coverage Affect Credit Rating Change Decision?  Asian Finance Association (AsianFA) 2015 Annual Meeting, Changsha, China.
  • Zhong, L. (2015, July). Mutual Fund Herding, Short-sales Constraints and Stock Returns.  Asian Finance Association (AsianFA) 2015 Annual Meeting, Changsha, China.
  • Zhong, L. (2015, July). On the Association between Strategic Institutional Investors and Earnings Quality: Does investor protection strength matter?  Asian Finance Association (AsianFA) 2015 Annual Meeting, Changsha, China.
  • Zhong, L. (2015, June). Institutional Investment Horizon and Corporate Financing Decisions.  IFABS 7th International Conference, Hangzhou, China.
  • Zhong, L. (2015, February). On the Association between Strategic Institutional Investors and Earnings Quality: Does investor protection strength matter? Odette School of Business Topics in Research presentation, Windsor.
  • Zhong, L. (2014, November). Free Float and Market Liquidity around the World.  Southern Finance Association Annual Meeting, Key West, Florida.
  • Zhong, L. (2014, October). Institutional Investment Horizon and Corporate Financing Decisions.  FMA Annual Meeting, Nashville.
  • Zhong, L., Purda, L., & Sonmez, F. (2014, July). Do Financial Institutions Face Higher Borrowing Costs?  2014 China International Finance Conference, Chengdu, China.
  • Zhong, L., Purda, L., & Sonmez, F. (2014, April). Do Financial Institutions Face Higher Borrowing Costs? University of Guelph Seminar Series, Guelph, Canada.
  • Zhong, L. (2014, March). Institutional Investment Horizon and Corporate Financing Decisions. University of Ottawa.
  • Zhong, L. (2014, February). Institutional Investment Horizon and Corporate Financing Decisions. Concordia University, Montreal.
  • Zhong, L., Ni, Y., & Ding, S. (2013, October). Free Float and Market Liquidity around the World.  Financial Management Association Annual Meeting, Chicago.
  • Zhong, L. (2013, April). Do Financial Institutions Face Higher Borrowing Costs? Ontario Institute of Technology, Oshawa, Canada.
  • Zhong, L. (2012, February). Mutual Fund Overconfidence, Short-sales Constraints and Stock Returns. Fairleigh Dickinson University, Hackensack, New Jersey.
  • Zhong, L. & Saadi, S. (2011, December). Institutional Investment Horizon and Corporate Financing Decisions.  The 9th International Paris Finance Meeting, Paris, France.
  • Zhong, L. & Saadi, S. (2011, November). Institutional Investment Horizon and Corporate Financing Decisions.  Southern Finance Association 2011 Annual Meeting, Key West, Florida.

Grants (Competitive; Funded only) 

  • 2018-2019: Zhong, L. & Ursel, N., Corporate governance and CEO turnover: Evidence from unionization and merger withdrawal ($29,490), SSHRC Insight Development Grant.
  • 2017: Zhong, L. & Ursel, N., Trust and IPO underpricing ($500), Odette School of Business Research and Teaching Innovation Fund (RTIF) grant.
  • 2017: Zhong, L. & Ursel, N., Governance and leadership in the face of unionization and withdrawn merger proposals ($2,500), Odette School of Business Research and Teaching Innovation Fund (RTIF) grant.
  • 2016: Zhong, L., Chourou, L., & He, L., Religiosity and corporate voluntary disclosure: Evidence from management earnings forecasts ($6,000), Odette School of Business Research and Teaching Innovation Fund (RTIF) grant.
  • 2015: Zhong, L. Does media coverage affect credit rating change decisions? ($3,300), Odette School of Business Research and Teaching Innovation Fund (RTIF) grant.