Staff profile

Yeqin Zeng has a Ph.D. (2013) in Finance from the Foster School of Business, the University of Washington. Before joining Durham University Business School in 2018, he was Assistant Professor in Finance at ICMA Centre, Henley Business School. His main research interests are in empirical corporate finance and asset pricing with an emphasis on financial institutions and their interactions with both financial markets and corporations. Besides his main research interests, Yeqin has worked on corporate financial hedging, executive gender, executive compensation heterogeneity, stock price crash risk, M&As, value of cash, corporate investment efficiency, cost stickiness, trade credit, empirical asset bubble tests, and the relationship between bank loan and firm leverage. 

He has published papers in journals such as Journal of Corporate Finance, European Financial Management, International Review of Financial Analysis, Asia-Pacific Journal of Accounting & Economics, International Review of Economics and Finance. His papers have been presented in more than 30 school seminars and conferences worldwide. Detailed information of all papers and conferences can be found here.

He teaches Financial Markets and Institutions (BSc) and Financial Economics (BSc) at Durham University Business School. Prior to joining Durham University, he has taught Securities, Futures, and Options (MSc) and Business Mathematics and Statistics (BSc) at the ICMA Centre, and Business Finance (BSc) and Investment (BSc) at the University of Washington. Ph.D. applicants with research interests in U.S markets are welcome.

Mini-Biography

Associate Professor in Economics and Finance: Yeqin joined Durham University Business School in 2018 as Associate Professor in Finance. Yeqin holds double Bachelor’s degrees in Mathematics and Economics from Wuhan University, a Master’s degree in Economics from Claremont Graduate University, and a Master’s degree in Business Administration and a Ph.D. in Finance from the University of Washington. He also passed the first two levels of Charted Financial Analyst exam and received the Computational Finance Certificate offered by the Statistics Department and the Applied Math Department of the University of Washington.

• Empirical Corporate Finance
• Instututional Investors
• Empirical Asset Pricing

• Centre for Banking, Institutions and Development (CBID)
• Centre for Banking, Institutions and Development (CBID)
• Economics & Finance Department
• Quantitative Research in Financial Economics

Journal Article

• Guo, H., Yin, C. & Zeng, Y. (2022). How Does Firm-Specific Investor Sentiment Affect the Value of Corporate Cash Holdings? British Journal of Management
• Liu, S., Yin, C. & Zeng, Y. (2021). Abnormal Investment and Firm Performance. International Review of Financial Analysis 78: 101886.
• Sun, W., Yin, C. & Zeng, Y. (2021). Financial Hedging, Corporate Cash Policy, and the Value of Cash. British Journal of Management
• Alexandridis, George, Chen, Zhong & Zeng, Yeqin (2021). Financial Hedging and Corporate Investment  . Journal of Corporate Finance 67: 101887.
• Ward, C., Yin, C. & Zeng, Y. (2020). Motivated Monitoring by Institutional Investors and Firm Investment Efficiency. European Financial Management 26(2): 348-385.
• Li, Y. & Zeng, Y. (2019). The impact of top executive gender on asset prices: Evidence from stock price crash risk. Journal of Corporate Finance 58: 528-550.
• Brooks, Chris., Chen, Zhong. & Zeng, Yeqin. (2018). Institutional cross-ownership and corporate strategy: The case of mergers and acquisitions. Journal of Corporate Finance 48: 187-216.
• Ward, Charles, Yin, Chao & Zeng, Yeqin (2018). Institutional investor monitoring motivation and the marginal value of cash. Journal of Corporate Finance 48: 49-75.
• Chen, Zhong, Han, Bo & Zeng, Yeqin (2017). Financial Hedging and Firm Performance: Evidence from Cross-border Mergers and Acquisitions. European Financial Management 23(3): 415-458.
• Cheng, Shijun., Jiang, Wei. & Zeng, Yeqin. (2018). Does access to capital affect cost stickiness? Evidence from China. Asia-Pacific Journal of Accounting & Economics 25(1-2): 177-198.
• Zeng, Yeqin (2016). Institutional investors: Arbitrageurs or rational trend chasers. International Review of Financial Analysis 45: 240-262.
• Jiang, Wei & Zeng, Yeqin (2014). State ownership, bank loans, and corporate investment. International Review of Economics & Finance 32: 92-116.