Finance

Faculty

Zhu Wu

Department of Finance    Assistant Professor

Phone: (86) (10) 62792443

E-mail:zhuwu@sem.tsinghua.edu.cn

Office:B328 Lihua Building

Office Hours:Monday 14:00-17:00 PM

Educational Background

2021 The Unversity of Pennsylvania, Ph.D. in Economics 

2021 The University of Pennsylvania,  Master in Statistics

2016  Peking University, Master in Economics

2009  University of Science and Technology Beijing, Bachelor in Materials Physics 

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Work Experience

2021-Now   Department of Finance SEM, Tsinghua University


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Courses

Ph.D.  Empirical Methods and Applications in Corporate Finance

Master of Finance  Financial Data Analysis and Application

Undergraduate  Deep Learning in Finance


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Research Areas

Corporate Finance, Empirical Asset Pricing, Machine Learning, Macroenocmics, Networks, and Chinese Economy. I am especially in topics linking detailed Microdata (structured or unstructured) with Macro stories. 


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Publications

Papers:


1. "Hierarchical Vintage Sparse PCA. Discussion on the paper by Rohe and Zeng", Journal of the Royal Statistical Society B: Statistical Methodology, 2023, with Jeff Cai , Dan Yang, Linda Zhao

2.  Network Regression and Supervised Centrality Estimation, with Jeff Cai, Haipeng Shen, Dan Yang, and Linda Zhao (Reject and Resubmit, Journal of American Statistical Association(JASA))

3.  Networks and Business Cycles, with Yucheng Yang

4. The Network Effects of Agency Conflicts, with Rakesh Vohra and Yiqing Xing, Under Review

5. Ownership Network and Firm Growth - What Do Forty Companies Tell Us About the Chinese Economy?  with Frankin Allen, Jeff Cai, Xian Gu, QJ Jun Qian, and Linda Zhao (Best Paper Award in CFRC2021), Under Review

6. Centralization or Decentralization - The Evolution of State Ownership in China, with Franklin Allen, Jeff Cai, Xian Gu, QJ Jun Qian, Linda Zhao (Best Paper Award in CICF2021)

7. Link Complexity and Cross Predictability, Finalist of Best Paper in Financial Management Association 2020 (US), Under Review

8. Tiered Intermediation in Business Groups, with Robert Townsend and Yu Shi, Finalists of Best Ph.D. Paper in MFA 2020, Under Review

9. Idiosyncratic v.s. Common Shock - A unified Framework, with Jeff Cai, Linda Zhao

10. Automation-Induced Innovation Shift, with Yao Lu and Yiwen Lu.

11. Optimal Assortment and Pricing Via Generalized MNL Models with Novel Poisson Arrivals (with Ran Chen, Jeff Cai, Qitao Huang, Martin Wainwright, Linda Zhao, INFORMS 2023)

12. A Tale of Two Networks: Investments Like China (with Jeff Cai, Xian Gu, Wei Xiong, Linda Zhao, In Progress, the draft is available)

13. Pricing Carbon-Emission Risk in Production Networks (In Progress, come out soon)

14. High-Dimensional Reinforcement Learning (In Progress, come out soon)


Book Chapters:

1. State Ownership in China: An Equity Network Perspective, "The Arc of the Chinese Economy", the University of Pennsylvania, 2023, with Jeff Cai, Xian Gu, Linda Zhao. edited by, Hanming Fang and Marshall W. Mayer, Brookings Institution Press

Media Coverages:

1. "Tiered Intermediation in Business Groups", with Robert Townsend and Yu Shi, (VoxChina)

2. "Centralization or Decentralization - the Evolution of State Ownership in China", with Franklin Allen, Jeff Cai, Xian Gu, Jun Qian (QJ), Linda Zhao (VoxChina)

3. "Centralization or Decentralization - the Evolution of State Ownership in China", with Franklin Allen, Jeff Cai, Xian Gu, Jun Qian, Linda Zhao (Stanford University, Center on China's Economy and Institutions, China Briefing)







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Industry Experience

2021 XiYue Best Paper Award in CICF (China International Conference in Finance)

2021 Best Paper Award in CFRC (China Finance Research Conference)

2020 Finalist of Best Ph.D. Paper Award in Middlewest Financial Association (MFA)

2020 Finalist of Best Paper in Investment (Financial Management Association, US)


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