黄春燕

黄春燕博士现为长江商学院金融学教授。黄教授于2003年获得麻省理工大学斯隆管理学院（MIT Sloan School of Management）金融学博士学位，并曾任德克萨斯大学奥斯汀分校（The University of Texas at Austin）金融学终生副教授，讲授EMBA及博士学位的课程。她在税收、资产流动性、均衡资产定价，及基金管理等领域具有丰富的学术研究经验。

黄春燕教授的主要研究领域包括共同基金、资产流动性、赋税研究以及均衡资产定价。

• 2010 Fayez Sarofim & Co. Centennial Fellowship #1 from the McCombs School of Business of the University of Texas at Austin.

• 2008 Q-group grant for "A comparison of Index Funds and ETFs," joint with Ilan Guedj.

• 2008 DeGroote/IIROC 3rd Annual Conference on Market Structure and Market Integrity best paper award for “Market Liquidity, Asset Prices, and Welfare,” joint with Jiang Wang.

• 2008 Finalist for the 2008 TIAA-CREF Paul A. Samuelson Award, for “The Tradeoff between Mortgage Prepayments and Tax-Deferred Retirement Savings,” joint with Gene Amromin and Clemens Sialm.

• 2007 Western Finance Association meeting best paper award for "Liquidity and Market Crashes," joint with Jiang Wang.

• 2007 Morgan Stanley Equity Market Microstructure Research Grant, for the project "Liquidity and Asset Prices," joint with Jiang Wang

• 2007 McCombs Research Excellence Grant, for the project "A comparison of Index Funds and ETFs," joint with Ilan Guedj. 　　MIT Fellowship, 1997-2000

• Dean’s list, University of Science and Technology of China, 1988-1992

• Zhang Zhongzhi Prize, highest academic honor to USTC undergraduate students, 1990

Publications

• Risk Shifting and Mutual Fund Performance (with Clemens Sialm and Hanjiang Zhang, Review of Financial Studies, 24 (8), 2011, 2575-2616)

• Market Liquidity, Asset Prices, and Welfare (with Jiang Wang, Journal of Financial Economics, 95(1), 2010, 107-127, received the best paper award for DeGroote/IIROC 3rd Annual Conference on Market Structure and Market Integrity)

• Liquidity and Market Crashes (with Jiang Wang, Review of Financial Studies, 22(7), 2009, 2607-2643, received NYSE Award for the best paper on equity trading at 2007 WFA and 2007 Morgan Stanley Equity Market Microstructure Research Grant)

• Taxable and Tax-Deferred Investing: A Tax-Arbitrage Approach (Review of Financial Studies, 21(5), 2008, 2173-2207)

• Participation Costs and the Sensitivity of Fund Flows to Past Performance (with Kelsey D. Wei and Hong Yan, Journal of Finance, 62 (3), 2007, 1273-1311)

• The Tradeoff between Mortgage Prepayments and Tax-Deferred Retirement Savings (with Gene Amromin and Clemens Sialm, Journal of Public Economics, 91, 2007, 2014-2040)

• Are Stocks Desirable in Tax-Deferred Accounts? (with Lorenzo Garlappi, Journal of Public Economics, 90 (12), 2006, 2257-2283)

• Market Structure, Security Prices and Informational Efficiency (with Jiang Wang, Macroeconomic Dynamics, 1, 1997, 169-205 )

Working Papers

• Complex Mortgages(with Gene Amromin, Clemens Sialm, and Edward Zhong, May 2012.)

• Investor Learning and Mutual Fund Flows(with Kelsey D. Wei and Hong Yan, March 2012)

• Optimal Liquidity Policy(with Jiang Wang, July 2010)

• Internal Capital Allocation and Firm Performance(with Ilan Guedj and Johan Sulaeman, September 2009)

• Are ETFs Replacing Index Mutual Funds?(with Ilan Guedj, April 2009, received 2007 McCombs Research Excellence Grant and 2008 Q-group Grant)

Work-in-Progress

• Capital Structure and Government Debt: International Evidence (with Irem Demirci and Clemens Sialm)

• Mortgage Complexity and House Price Dynamics (with Gene Amromin, Clemens Sialm, and Edward Zhong.)

• Mutual Fund Flows and Asset Prices (with Clemens Sialm and Hanjiang Zhang)

• Aggregate Capital Flow across Industries (with Johan Sulaeman)