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张春

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

博士学位:西北大学管理经济学和决策科学,1987
硕士学位:俄勒冈大学数学系,1983
学士学位:华东师范大学数学系,1982

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。张春教授是新中国成立后,首位在美国大学获得金融学终身教职的中国学者,同时也是放弃美国终身教职,全职回国工作的第一人。

张春教授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,数据要素和数据资产,以及全球宏观政策模式等议题。迄今已发表高水平国际学术论文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,由张春教授任组长)。张春教授曾获得2016年度孙冶方金融创新奖,2020年获得教育部第八届高等学校科学研究优秀成果奖(人文社会科学)三等奖,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,还曾是研究中国经济的重要国际期刊《中国经济评论》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等。

公司金融、宏观金融、组织和制度经济学。
  • 期刊论文

    1. Chang, Chun. 1990. The Dynamic Structure of Optimal Debt Contracts, Journal of Economic Theory.

    2. Chang, Chun, and Yijiang Wang. 1992. Optimal Liquidation Rule and Debt in the Principal-Agent Model, Economics Letters.

    3. Chang, Chun. 1992. Capital Structure as an Optimal Contract between Employees and Investors, Journal of Finance.

    4. Chang, Chun. 1993. Payout Policy, Capital Structure, and Compensation Contracts when Managers Value Control, Review of Financial Studies.

    5. Chang, Chun, and Yijiang Wang. 1994. The Nature of Township-Village Enterprises, Journal of Comparative Economics.

    6. Chang, Chun, and Yijiang Wang. 1995. A framework for understanding differences in labor turnover and human capital investment, Journal of Economic Behavior and Organization.

    7. Chang, Chun, and Yijiang Wang. 1996. Human Capital Investment under Asymmetric Information: the Pigovian Conjecture Revisited, Journal of Labor Economics.

    8. Wang, yijiang, and Chun Chang. 1998. Economic transition under a semifederalist government: The experience of China, China Economic Review.

    9. Boyd, John H., Chun Chang, and Bruce Smith D.. 1998. Moral Hazard under Commercial and Universal Banking, Journal of Money, Credit and Banking.

    10. Chang, Chun. 1999. Capital Structure as Optimal Contracts, North American Journal of Economics and Finance.

    11. Chang, Chun, and Yijiang Wang. 2000. Choosing between Up-or-Out and Spot Contracts: Human Capital Investment versus Job-Matching Considerations, Annals of Economics and Finance.

    12. Chang, Chun. 2001. The Informational Requirement on Financial Systems at Different Stages of Economic Development: The Case of South Korea, China Economic Review.

    13. Boyd, John, Chun Chang, and Bruce Smith. 2002. Deposit Insurance: A Reconsideration, Journal of Monetary Economics.

    14. Chang, Chun, Brian McCall, and Yijiang Wang. 2003. Incentive Contracting versus Ownership Reforms: Evidence from China’s Township-Village Enterprises, Journal of Comparative Economics.

    15. Chang, Chun, and Xiaoyun Yu. 2004. Investment Opportunities, Liquidity Premiums and Conglomerate Mergers, Journal of Business.

    16. Chang, Chun, John Boyd, and Bruce Smith. 2004. Deposit Insurance and Bank Regulation in a Monetary Economy: a General Equilibrium Exposition, Economic Theory.

    17. Chang, Chun, and Walid Y. Busaba. 2010. Bookbuilding vs. Fixed Price Revisited: The Effect of Aftermarket Trading, Journal of Corporate Finance.

    18. Chang, Chun, and Xiaoyun Yu. 2010. Informational Efficiency and Liquidity Premium as the Determinants of Capital Structure, Journal of Financial and Quantitative Analysis.

    19. Chang, Chun, Xin Chen, and Guanmin Liao. 2014. What are the Reliably Important Determinants of Capital Structure in China?, Pacific-Basin Finance Journal.

    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, Zheng Liu, and Mark M. Spiegel. 2015. Capital Controls and Optimal Chinese Monetary Policy, Journal of Monetary Economics.

    22. Chang, Chun, Kaiji Chen, Daniel Waggoner, and Tao Zha. 2016. Trends and Cycles in China's Macroeconomy, Nber Macroeconomics Annual.

    23. Chang, Chun, Yao-Min Chiang, Yiming Qian, and Jay Ritter. 2017. Pre-market Trading and IPO Pricing, Review of Financial Studies.

    24. Chang, Chun, Zheng Liu, Mark M. Spiegel and Jingyi Zhang. 2019. Reserve Requirements and Optimal Chinese Stabilization Policy, Journal of Monetary Economics.

  • 工作论文

    1. Chun Chang and Xiaoming Li, 2020, Universal Banking and Optimal Financial Structure.

    2. Chang, Chun, and Sen Li, 2019, Contract Coordination and Uninformative Transfer Prices as the Benefit and Cost of Vertical Integration.

    3. Chang, Chun, and Huiyan Qiu, 2019, On the Popularity of and a Comparison of Convertible Preferred and Participating Preferred Equities in Venture Financing.

    4. 张春,蒋一乐,仲文娜,董兵兵, 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.

  • 研究报告

    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.