Lin Peng

Krell Chair of Finance

Professor of Economics and Finance

PhD Program Coordinator

Bert W. Wasserman Department of Economics and Finance

Zicklin School of Business

Baruch College / City University of New York

One Baruch way, Box B10-225

New York, NY 10010


Phone:   (646) 312-3491

Fax:        (646) 312-3451

Email:    Lin.Peng[AT]baruch.cuny.edu

URL:     https://sites.google.com/site/linpengbaruch

 

Bio  (cv)


    Lin Peng is the Krell Chair Professor in Finance at Zicklin School of Business, Baruch College, City University of New York. Professor Peng has taught investment analysis, fixed income analysis, market microstructure, and financial market frictions at the undergraduate, MBA, and doctoral levels.

    Professor Peng’s diverse research interest covers the area of asset pricing, behavioral finance, market microstructure, and corporate governance.  She has examined optimal executive compensation design with price manipulation, the effects of investors’ limited attention on asset prices, the role of liquidity and liquidity shocks, and the impact of market structure and the role of financial intermediaries on price efficiency and liquidity.  Her research has been published in leading economics and finance journals including American Economics Review, Journal of Finance, Review of Financial Studies, Journal of Financial Economics, Journal of Financial and Quantitative Analysis, Review of Finance, Journal of Financial Intermediation, and Journal of Financial Markets. Her paper on executive compensation and earnings manipulation was published as the lead article by Journal of Finance. Her article on liquidity shocks and market reactions won the Chinese Finance Association Best Paper Award.

    Prof. Peng is an associate editor for Journal of Empirical Finance and Financial Management, and an editorial board member of the Financial Management Association Survey and Synthesis Series. She has presented her papers at numerous conferences and academic institutions.  She is a recipient of many research grants and awards, which includes the Eugene-Lang junior faculty research fellowship, the Institute for Quantitative Research in Finance Research Award, Professional Staff Congress – City University of New York Research Award, and Wasserman Summer Research Award. She won many faculty recognition awards for research and teaching excellence.  Her work has been featured by media outlets such as Reuters and Institutional Investor. 

    Professor Peng holds a M.S from Wesleyan University and a Ph.D. in Finance from Duke University. She was a visiting professor at Columbia University, Princeton University, Peking University, Rutgers University, and University of International Business and Economics.


    Research  Interests


    Investor Attention, Social Network, Liquidity, Institutional Investors, Information Efficiency of Financial Markets, Corporate governance and executive compensation.

     


    Publications


    Journal of Financial and Quantitative Analysis 40, 2005, 307-329.


     Journal of Financial Economics 80, 2006, 563-602.


    Journal of Applied Econometrics2006, 21, 1169-1198.


    European Financial Management2007, 13, 394-422.


    Review of Finance, 2008, 12, 141-184.

          American Economic Review, 2008, 98(2): 285-90.


    Journal of Financial Intermediation, 2012, 21(1), 50-78. 

    Mentioned by Reuters (4/24/2012): “Banks' better information may hurt loan investors


    Journal of Financial Markets2013, 16, 331-361.


          Journal of Finance, 2014, 69, 487–526.  (Lead Article)

    Review of Financial Studies, 2014, 27 (5), 1434-1485..

    Winner of TCFA Best Paper Award

    Mentioned by Institutional Investor (3/21/2012): “Keep a Weather Eye on Stock Liquidity, Study Says


    • Three chapters ("Market Makers," "Market Liquidity," and "The Structure of Security Markets"), (with Robert A. Schwartz)

    The Encyclopedia of Finance, C.F. Lee and A. Lee, Editor, Kluwer Academic Press, 2006.

     


    Working Papers

     

                Winner of Q-Group Research Award 
    • “Time to Digest and Volatility Dynamics,” (with Wei Xiong).
    • “Effects of Brokers’ Coverage Initiations on Stock Prices: Information and Beyond”.
    Subpages (1): Conference 2015