Dr Hanxiong Zhang

Senior Lecturer in Finance
+44 (0)1483 686372
63 MS 02
12:00-15:00 on Friday by email appointment

Academic and research departments

Department of Finance and Accounting.


Areas of specialism

Corporate Governance; FinTech; Financial Economics

My qualifications

PhD in Financial Economics
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
Senior Fellow of the Higher Education Academy (SFHEA)


Research interests


Postgraduate research supervision




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)

Lucey, B., Urquhart, A. and Zhang, H. (2022) ' UK Vice Chancellor compensation: Do they get what they deserve? ', British Accounting Review, Forthcoming. (ABS 3)

Urquhart, A. and Zhang, H. (2022) 'PhD CEOs and firm performance', European Financial Management, 28(2), pp. 433-481. (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)