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Dan (Danielle) Zhang |
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Assistant
Professor Department
of Finance danielle.zhang@bi.no
Phone
+47 4641 0927 |
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Dan joined BI after completion of her Ph.D. at
Erasmus University Rotterdam in 2012. She was a visiting Ph.D. scholar at the
Stern School of Business at New York University in spring 2011. Her research
interests cover the areas of empirical corporate finance, executive
compensation, and corporate governance. |
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Working papers
·
“The Ruse of a One-Dollar CEO Salary”,
with Gilberto Loureiro and Anil Makhija. ·
“Director Influence”,
with Sjoerd van Bekkum and Patrick Verwijmeren. ·
“CEOs' Personal Portfolio and Corporate Policies”,
with Hamid Boustanifar ·
“Note on the Calibration of Executive Compensation Models”, with Ingolf Dittmann, Ernst Maug, and
Oliver Spalt. |
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Publications
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Data
Risk
avoidance (Download: SAS,
Excel) In Dittmann, Yu, and Zhang (2017), we
propose a new way of measuring the CEO’s incentives to take “good” risk. We argue
that the more the CEO’s wealth is tied to the stock price, the more
risk-averse he will be. Therefore, risk-taking incentives should not be
measured by only vega – the change in his wealth for a change in stock return
volatility, but vega scaled by delta - the change in his wealth for a change
in stock price. The measure is based on ExecuComp data (release from January
2014) for γ = 0.5, 1, 2, 3, 4, and 6. |
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Teaching
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Raising Capital (Spring 2018; BI-Tsinghua joint
program) ·
Advanced Corporate Finance (Spring 2013–2018, BI) ·
Seminar Advanced Corporate Governance (Fall
2010–2011; Erasmus University Rotterdam) |
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Presentations
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Conferences and workshops European
Finance Association, 2010, 2014 Financial
Management Association, 2011 Corporate
Finance Conference, 2013 Eastern
Finance Association, 2013 Nordic
Finance Network Workshop, 2012, 2016 Behavioral
Finance Conference, 2016 The 14th
Corporate Finance Day, 2016 Doctoral
Student Consortium, Financial Management Association, Denver, 2011 Accounting
Research Workshop, 2011 International
Conference on Corporate Governance, 2010 Workshop on
Corporate Governance and Executive Compensation, 2009 ·
Seminars Humboldt University of Berlin, 2016 University of Minho, 2013 University of Bristol, 2012 University of Amsterdam, 2012 University of Kansas, 2012 Universidad Carlos III de Madrid, 2012 Stern PhD Students Seminar, 2011 Erasmus University Rotterdam, 2011, 2011 BI Norwegian Business School, 2012, 2013 KLP, 2012 Forum for eierstyring og
selskapsledelse, 2013 |
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Service
·
Organize BI Corporate Finance Brownbag Seminar,
with Salvatore Miglietta, 2013-2014 ·
Ph.D. thesis committee (chair) of Di Cui, BI,
2013-2015 ·
Recruitment team, BI, 2012-2013 |
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Grants
·
CCGR Research Grant (Project no. R51), “Executive Compensation in Marketing”,
with Stefan Worm ·
BI basic research project, “Linking Corporate Governance and Marketing”, with Stefan Worm,
Raj Srivastava, and Sundar Bharadwaj ·
CCGR Research Grant (Project no. R42), “The Impact of Managerial Biases on Firm
Performance and Policies”, with Hamid Boustanifar and Samuli Knüpfer ·
Finansmarkedfonds research grant (250251/O99), “CEOs’ Personal Risk Attitudes and
Corporate Policies”, with Hamid Boustanifar and David Yermack. ·
CCGR Research Grant (Project no. R32), “CEOs’ Personal Risk Attitudes and Firm
Policies”, with Hamid Boustanifar |
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Dan (Danielle) Zhang | BI Norwegian Business School
| danielle.zhang@bi.no | +47 4641 0927 |
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