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Dr Hanxiong Zhang

Senior Lecturer in Finance
+44 (0)1483 686372
63 MS 02
14:00-15:30 on Tuesdays and Fridays by appointment

Academic and research departments

Department of Finance and Accounting.


Areas of specialism

Corporate Governance; FinTech; Financial Economics

University roles and responsibilities

  • Program Director for the MSc in International Financial Management

    My qualifications

    PhD in Financial Economics
    University of Newcastle upon Tyne, UK
    MSc in Banking and Finance
    University of Newcastle upon Tyne, UK

    Affiliations and memberships

    CFA Institute
    Chartered Financial Analyst (CFA) charterholder
    Global Association of Risk Professionals
    Financial Risk Manager (FRM) charterholder
    Higher Education Academy
    Higher Education Academy (HEA) Fellow


    Research interests


    Postgraduate research supervision

    My teaching

    My publications


    Schopohl, L., Urquhart, A. and Zhang, H. (2021) ' Female CFOs, leverage and the moderating role of board diversity and CEO power', Journal of Corporate Finance, Forthcoming. (ABS 4)

    Urquhart, A. and Zhang, H. (2021) 'PhD CEOs and firm performance', European Financial Management, Forthcoming. (ABS 3)

    Hudson, R., Urquhart, A. and Zhang, H. (2020) ' Political uncertainty and sentiment: Evidence from the impact of Brexit on financial markets', European Economic Review, Forthcoming. (ABS 3)

    Su, C., Zhang, H., and Hudson, R. (2020) 'The time-varying performance of analyst recommendation revisions: Do market conditions matter?', Financial Markets, Institutions and Instruments, 29(2), pp. 65-89. (ABS 3)

    Urquhart, A. and Zhang, H. (2019) 'Is Bitcoin a hedge or safe-haven for currencies? An intraday analysis', International Review of Financial Analysis, 63, pp. 49-57. (ABS 3)

    Zhang, H. and Urquhart, A. (2019) 'Pairs trading across Mainland China and Hong Kong stock markets', International Journal of Finance and Economics, 24, pp. 698-726. (ABS 3)

    Su, C., Zhang, H., Bangassa, K. and Joseph, N. (2019) ' On the investment value of sell-side analyst recommendation revisions in the UK', Review of Quantitative Finance and Accounting, 53(1), pp. 257-293. (ABS 3)

    Su, C., Zhang, H. and Joseph, N. (2020) 'The performance persistence of analyst recommendation revisions: Does brokerage house reputation matter?', International Journal of Finance and Economics, Forthcoming. (ABS 3)

    Zhang, H. and Urquhart, A. (2020) 'Do momentum and reversal strategies work in commodity futures? A comprehensive study', Review of Behaviour Finance, 12(4), pp. 375-409.

    Su, C. and Zhang, H. (2020) 'A Time-series Bootstrapping Simulation Method to Distinguish Sell-side Analysts’ Skill from Luck', in Lee, C.-F. and Lee, J.C. (eds.) Handbook of Financial Econometrics, Mathematics, Statistics, and Technology. World Scientific Publishing Co, Vol. 2, pp.2011-2052. (Book Chapter)

    Manahov, V., and Zhang, H. (2019) 'Forecasting financial markets using high-frequency trading data: Examination with Strongly Typed Genetic Programming', International Journal of Electronic Commerce, 23(1), pp. 12-32. (ABS 3)

    Urquhart, A. and Zhang, H. (2019) 'The performance of technical trading rules in socially responsible investments', International Review of Economics and Finance, 63, pp. 397-411. (ABS 2)

    Zhang, H., Auer, B., and Vortelinos, D. (2018) 'Performance ranking (dis)similarities in commodity markets', Global Finance Journal, 35, pp. 115-137. (ABS 2)

    Hettihewa, S., Saha, S., and Zhang, H. (2018) 'Does an aging population influence stock markets? Evidence from New Zealand', Economic Modelling, 75, pp. 142-158. (ABS 2)

    Zhang, H., Hudson, R., Metcalf, H. and Manahov, V. (2017) 'Investigation of institutional changes in the UK housing market using structural break tests and time varying parameter models', Empirical Economics, 53(2), pp. 617-640. (ABS 2)

    Zhang, H., Hudson, R., Metcalf, H. and Manahov, V. (2015) 'Identification of house price bubbles using user cost in a state space model', Applied Economics, 47(56), pp. 6088-6101. (ABS 2)