個人簡介
施展博士現任Betvictor中文版副教授。施展于2014年畢業于美國賓夕法尼亞州立大學 Smeal 商學院，獲得金融學博士學位。在此之前，他獲得了複旦大學的統計學學士學位, 他曾經在俄亥俄州立大學金融系，擔任訪問助理教授。
施展的研究領域是固定收益，市場微觀結構，宏觀金融，動态公司金融、金融科技。他關于時變模糊性下資産定價的研究曾獲得 Western Finance Association 2014年年會的最佳博士生論文獎。
學術任職
2021-至今 Betvictor中文版 副教授
2016-2021 Betvictor中文版 助理教授
2014-2016 俄亥俄州立大學金融系 訪問助理教授
教育背景
2014 賓夕法尼亞州立大學帕克校區 金融系 博士學位
2008 複旦大學 統計系 學士學位
研究領域
固定收益、市場微觀結構、動态公司金融、金融科技
發表成果
英文論文
"Time-Varying Ambiguity, Credit Spreads, and the Levered Equity Premium", Journal of Financial Economics, 2019, 134 (3): 617-646.
"Specification Analysis of Structural Credit Risk Models" , with Jingzhi Huang and Hao Zhou, Review of Finance, 2020, 24 (12): 45-98.
"What do we know about corporate bond returns?", with Jingzhi Huang, Annual Review of Financial Economics, 2021, 13 (1): 363-399.
"Machine-Learning-Based Return Predictors and the Spanning Controversy in Macro-Finance", with Jingzhi Huang, Management Science, 2023, 69 (3): 1323-1934.
"Determinants of Short-Term Corporate Yield Spreads — Evidence from the Commercial Paper Market", with Jingzhi Huang and Bibo Liu, Review of Finance, 2023, 27 (2): 539-579.
"The Global Credit Spread Puzzle", with Jingzhi Huang and Yoshio Nozawa, Journal of Finance, forthcoming.
中文論文
違約風險傳染的避險效應與溢出效應：隐性擔保預期的視角，經濟研究，2022年11月刊（合作者：陳卓、何治國、祝小全）
債務協商、再融資風險與信用債定價——來自中國債券市場的證據，金融研究，2023年10月刊（合作者：劉碧波，葉彥義）
彙率改革對中國外彙市場有效性的影響一一基于利率平價理論的實證研究，經濟管理學刊，2023年第4期（合作者: 胡杏，金昭，李思）
工作論文
“Risk and Return Tradeoff in the Secondary Loan Market", with Turan Bali and Fang Qiao
“Hedging Interest Rate Risk in the Corporate Bond Market", with Jingzhi Huang, R&R
“Real Effects of Debt Markets: Corporate Bond Illiquidity and Risk-Taking", with Jingzhi Huang, Yuan Wang and Rui Zhong
“Corporate Basis and the International Role of The Dollar", with Grace Hu, Ganesh Viswanath-Natraj and Junxuan Wang
“Understanding Term Premia on Real Bonds", with Jingzhi Huang
合著書籍
Model Selection for High-Dimensional Problems (with Jingzhi Huang and Wei Zhong), 2013, Handbook of Financial Econometrics and Statistics, edited by C.F. Lee and John Lee, Chapter 77, Springer Verlag.
教學經曆
2023 Dynamic Asset Pricing(Tsinghua,PhD)
2021-2023 Interest Rate Models (Tsinghua, Master in Finance)
2021-2023 FinTech and Financing Innovation (Tsinghua, Master in Finance)
2020-2023 Fixed Income, Currencies and Commodities (Tsinghua, Master in Finance)
2016-2019 Financial Derivatives (Tsinghua, undergraduate)
2016-2019 Financial Risk Management (Tsinghua, undergraduate)
2014-2016 Options & Futures I (OSU, undergraduate)
2014-2016 Fixed Income & Credit Risk (OSU, MBA & Master in Finance)
2012 Derivative Markets (PSU, undergraduate)
2010-2011 Security Analysis and Portfolio Management (PSU, undergraduate)
匿名審稿人
Journal of Finance, Review of Financial Studies, Review of Finance, Management Science, Journal of Financial and Quantitatie Analysis, Journal of Money, Credit and Banking, Journal of Business & Economic Statistics, Journal of Corporate Finance, Journal of Empirical Finance, Journal of Banking & Finance
榮譽和獎勵
2023 Tsinghua Outstanding Thesis Advisor
2023 CFRN Annual Meetings Best Paper Award
2018 PBC School of Finance Outstanding Research Award
2015-2016 Research Fellow, Charles A. Dice Center for Research in Financial Economics
2014 WFA Cubist Systematic Strategies Ph.D. Candidate Award
2012 Kenneth J. Carey Memorial Scholarship
2012 Competitive Dissertation Summer Award
2009-2013 Smeal Research Grant Award
2008 Fudan Best Undergraduate Thesis Prize
