Associate Professor Le Zhang

le zhang


Research School of Finance, Actuarial Studies & Statistics

Associate Professor
Phone number
+61 2 612 57300
Research areas

Corporate finance


Le Zhang is an Associate Professor of Finance with the College of Business and Economics. He works in the field of corporate finance, including mergers and acquisitions, governance, and issues in emerging markets. His research has been published in leading academic journals such as the Review of Financial Studies, Journal of Financial Intermediation, Financial Management, and Journal of Banking and Finance. He has won many awards for his work, including the Pearson Prize for the Best Paper published in Financial Management.

Before joining ANU, He had taught at University of New South Wales and Nanyang Technological University.

View ORCID profile

Personal Website

Research publications

Regulator Supervisory Power and Bank Loan Contracting,” (with Zhongda He, Guannan Qiao, and Wenrui Zhang), Journal of Banking and Finance, 2021, 106062.

Monitoring the Monitor: Distracted Institutional Investors and Board Governance,” (with Claire Liu, Angie Low and Ronald Masulis), Review of Financial Studies, 2020, 33, 4489-4531.

Do Outside Directors with Government Experience Create Value?” (with Jun-Koo Kang), Financial Management, 2018, 47, 209-251. (lead article)

Who Captures the Power of the Pen?” (with Jiaxing You and Bohui Zhang), Review of Financial Studies, 2018, 31, 43-96.

Friendly Boards and Innovation,” (with Jun-Koo Kang, Wei-Lin Liu, and Angie Low), Journal of Empirical Finance, 2018, 45, 1-25. (lead article)

CEOs’ Early-life Experiences and Corporate Policy: Evidence from China’s Great Famine,” Pacific Basin Finance Journal, 2017, 46, 57-77.

Monitoring Role of Customer Firms in Suppliers and its Effect on Supplier Value: Evidence from Block Acquisitions of Suppliers by Customer,” (with Jun-Koo Kang, Wei-Lin Liu, and Sangho Yi), Journal of Financial Intermediation, 2015, 24(4), 537-563.


Corporate Finance