科学研究

Bohui Zhang is the professor of finance at the School of Banking and Finance, UNSW Australia. He is also the associate director of the Institute of Global Finance (IGF). He studies empirical asset pricing, institutional investors, market microstructure, financial accounting, and corporate governance with a focus on their linkage with international capital markets. His papers have been accepted for publication in the global top-tier finance, accounting, and business journals such as the Review of Financial Studies, Journal of Financial Economics, Journal of Accounting Research, Management Science, Journal of International Business Studies, Review of Finance, Journal of Banking and Finance, Journal of Financial Markets, and Journal of International Money and Finance. He has also been awarded with research grants from Australian Research Council, the Centre for International Finance and Regulation, Australian School of Business, National Natural Science Foundation of China, and best paper prizes from MIT Asia Conference in Accounting,  the Annual Conference on Asia-Pacific Financial Markets of the Korean Securities Association, the Chinese Finance Association Best Paper Symposium, the China Finance Annual Meeting, the Asian Finance Association Conference, China International Conference in Finance, and the Northern Finance Association Conference.

Prof. Bohui Zhang's CV

We study how political capture affects the corporate governance role of the media. Relying on a unique media market in China that is characterized by the prevalence of both state-controlled and market-oriented media, we manually construct a comprehensive financial news sample containing 80,008 articles during the 2004–2010 period and provide evidence that negative coverage by the market-oriented media significantly increases the chance of forced top executive turnover, whereas similar coverage by the state-controlled media has no such impact. Tests based on instrumental variable and exogenous experiments provide positive evidence of the causal link.