张春教授现任上海交通大学上海高级金融学院金融学教授、汇付天下讲席教授,2010—2021年任学院执行院长。张春教授曾是中欧国际工商学院主管研究的副教务长、荷兰银行风险管理讲席教授,此前还曾在明尼苏达大学卡尔森管理学院担任金融学教授。张春是新中国成立后,首位在美国大学执教金融学的中国学者,也是第一位放弃美国大学终身教职全职回国工作的。
张春的研究领域是公司金融、宏观金融、组织和制度经济学,近期关注离岸人民币金融体系与国际金融体系重构,数据要素与通证经济学,国家多生产要素配置体系的比较与创新,以及宏观经济政策范式的演变与重构等议题。迄今已发表高水平国内外学术论文30余篇,刊登于Journal of Finance, Review of Financial Studies, Journal of Monetary Economics, Journal of Economic Theory, Journal of Business, Journal of Financial and Quantitative Analysis等众多国际知名学术期刊,此外还合作出版多本专著,如《写给中国企业家的公司财务》(北大出版社,2006年)、《公司金融学》(人大出版社,2008年)、《供应链金融》(上海远东出版社,2009年,深圳发展银行中欧课题组,由张春任组长)。张春教授曾获得2016年度孙冶方金融创新奖,并曾多次主持国家自然科学基金重点和面上项目。张春教授2018年获得SAIF教授杰出学术研究奖。
张春教授曾担任中国留美经济学会会长,2005-2009年间担任研究中国经济的重要国际期刊《中国经济评论CER》的执行主编。
张春教授讲授的课程包括公司金融、公司理财和治理的挑战、全球宏观趋势与政策转型、数据要素数据产品与数据资产等。
1. 张春, 蒋一乐, 仲文娜, 董兵兵. 2026. 宏观经济政策范式的演变与重构——货币、财政与金融稳定政策的统一框架, 上海金融.
2. 张春, 刘超, 董兵兵. 2026. 数据要素的形态特征、产权边界与效能增值, 经济问题.
3. 蒋一乐, 仲文娜, 董兵兵, 张春. 2025. 中国地方隐性债务风险化解的深层次挑战与对策完善——欧元区成员国债务风险化解的启示, 金融市场研究.
4. 张春, 蒋一乐. 2025. 对构建人民币离岸金融体系的再思考:一个决策分析框架, 国际金融.
5. 张春. 2024. 日本的宽松货币政策还能走多远?, 金融博览.
6. 张春, 蒋一乐, 刘郭方. 2022. 中国资本账户开放和人民币国际化的新路径:境内人民币离岸金融体系建设, 国际经济评论.
7. 张春. 2022. 人民币离岸金融体系建设的发展思路, 金融博览.
8. 郭澄澄, 张春, 夏琦. 2022. 多层次资本市场对科技创新的作用机制研究——来自中国A股市场企业的经验数据, 华东经济管理.
9. 郭澄澄, 张春. 2021. “双循环”新发展格局下我国三大经济圈金融业与实体产业融合的实证研究, 产经评论.
10. 张春, 郭澄澄. 2021. “科创板”制度创新问题探讨, 理论探索.
11. 张春, 蒋一乐. 2021. 央行应该考虑离岸流动性操作以保证宏观政策自主性和金融稳定, 国际金融.
12. 张春. 2020. 资本账户开放与离岸金融中心建设, 中国金融.
13. Chang, Chun, Zheng Liu, Mark M. Spiegel, and Jingyi Zhang. 2019. Reserve requirements and optimal Chinese stabilization policy, Journal of Monetary Economics.
14. Chang, Chun, Yao Min Chiang, Yiming Qian, and Jay R. Ritter. 2017. Pre-market trading and IPO pricing, Review of Financial Studies.
15. Chang, Chun, Kaiji Chen, Daniel F. Waggoner, and Tao Zha. 2016. Trends and Cycles in China's Macroeconomy, NBER Macroeconomics Annual.
16. 张春. 2016. “一次性贬值”有风险, 环球人物.
17. 张春. 2016. 利用市场“打僵尸”, 环球人物.
18. Chang, Chun, Zheng Liu, and Mark M. Spiegel. 2015. Capital controls and optimal Chinese monetary policy, Journal of Monetary Economics.
19. 张春. 2015. 进入民营银行领域需谨慎, 经贸实践.
20. Chang, Chun, Guanmin Liao, Xiaoyun Yu, and Zheng Ni. 2014. Information from Relationship Lending: Evidence from Loan Defaults in China, Journal of Money, Credit and Banking.
21. Chang, Chun, Xin Chen, and Guanmin Liao. 2014. What are the reliably important determinants of capital structure in china?, Pacific Basin Finance Journal.
22. 张春. 2013. 解决对外经济失衡还需加快开放资本账户, 中国经济周刊.
23. Busaba, Walid Y., and Chun Chang. 2010. Bookbuilding vs. fixed price revisited: The effect of aftermarket trading, Journal of Corporate Finance.
24. Chang, Chun, and Xiaoyun Yu. 2010. Informational efficiency and liquidity premium as the determinants of capital structure, Journal of Financial and Quantitative Analysis.
25. 张春. 2010. 当人民币升值近在眼前, 社会观察.
26. Boyd, John H., Chun Chang, and Bruce D. Smith. 2004. Deposit insurance and bank regulation in a monetary economy: A general equilibrium exposition, Economic Theory.
27. Chang, Chun, and Xiaoyun Yu. 2004. Investment Opportunities, Liquidity Premium, and Conglomerate Mergers, Journal of Business.
28. Chang, Chun, Brian P. McCall, and Yijiang Wang. 2003. Incentive contracting versus ownership reforms: Evidence from China's township and village enterprises, Journal of Comparative Economics.
29. Boyd, John H., Chun Chang, and Bruce D. Smith. 2002. Deposit insurance: A reconsideration, Journal of Monetary Economics.
30. Chang, Chun. 2001. The Informational Requirement on Financial Systems at Different Stages of Economic Development: The Case of South Korea, China Economic Review.
31. Chang, Chun, and Yijiang Wang. 2000. Choosing between up-or-out and spot contracts: Human capital investment versus job-matching, Annals of Economics and Finance.
32. Chang, Chun. 1999. Capital structure as optimal contracts, North American Journal of Economics and Finance.
33. Wang, Yijiang, and Chun Chang. 1998. Economic transition under a semifederalist government: The experience of China, China Economic Review.
34. Boyd, John H., Chun Chang, and Bruce D. Smith. 1998. Moral hazard under commercial and universal banking, Journal of Money, Credit and Banking.
35. Chang, Chun, and Yijiang Wang. 1996. Human capital investment under asymmetric information: The Pigovian conjecture revisited, Journal of Labor Economics.
36. Chun, Chang, and Yijiang Wang. 1995. A framework for understanding differences in labor turnover and human capital investment, Journal of Economic Behavior and Organization.
37. Chang, Chun, and Yijiang Wang. 1994. The Nature of the Township-Village Enterprise, Journal of Comparative Economics.
38. Chang, Chun. 1993. Payout Policy, Capital Structure, and Compensation Contracts when Managers Value Control, Review of Financial Studies.
39. Chang, Chun. 1992. Capital Structure as an Optimal Contract Between Employees and Investors, Journal of Finance.
40. Chang, Chun, and Yijiang Wang. 1992. Optimal liquidation rule and debt in the principal-agent model, Economics Letters.
41. Chang, Chun. 1990. The dynamic structure of optimal debt contracts, Journal of Economic Theory.
1. Chun Chang and Yiyao Wang, 2025, Collaboration of Banking and Commerce and Unbundling of Data Property Rights.
2. 黄秋实,董兵兵,刘超,王怡晨,张溢恬,张春, 2024, 中国数据资产的识别和规模测算.
3. 张春,蒋一乐,仲文娜,董兵兵, 2024, 货币和财政政策动态关系演变及深层次原因 ——非常规政策的一个新理论框架 revised.
4. Chun Chang and Xiaoming Li, 2020, Universal Banking and Optimal Financial Structure.
5. Chang, Chun, and Sen Li, 2019, Contract Coordination and Uninformative Transfer Prices as the Benefit and Cost of Vertical Integration.
6. Chang, Chun, and Huiyan Qiu, 2019, On the Popularity of and a Comparison of Convertible Preferred and Participating Preferred Equities in Venture Financing.
1. 2020新冠疫情的全球蔓延对中国经济影响的分析 , 张春,王江,屠光绍,李峰,严弘.
2. 2020应对突发全球性灾难:疫期全球主要经济体经济政策分析 , 屠光绍,李峰,王江,严弘,张春.
3. 2021拥抱十字路口的挑战-中国金融科技新篇章 , 胡捷,张春.
1. 张春,数据资产通证化路径研究 ,其他-Research on Data Assets,其他-Shanghai Data Exchange
2. 张春,中国宏观经济模型研究 ,重点项目,国家自然科学基金委员会
3. 张春,弱债权人保护条件下的上市公司贷款违约问题研究 ,面上项目,国家自然科学基金委员会