Associate Professor Min Zhu

Associate Professor

School of Business

+61 7 334 68147

m.zhu@business.uq.edu.au

Room 321, Colin Clark Building, St. Lucia Campus

Researcher biography

Min is an Associate Professor in Finance at UQ Business School. Her overarching research interests include asset management, empirical asset pricing and fintech. Min has published in well-regarded international journals including Journal of Financial Economics, Biometrika, Critical Finance Review, Journal of Business Finance & Accounting, Journal of Financial Econometrics, and Journal of Empirical Finance. Min has received several prestigous awards including Best Paper in Financial Management 2018 Spring Issue (2018), Vice Chancellor's Performance Award in Research (2017), CSIRO Award for Paper with Most Literary Merit (2016), and Chinese Government Award for Outstanding Doctoral Students Abroad (2012).

Min has established a wide research network with multi-disciplinary experts. The list of her co-authors includes scholars in finance, economics and data science from both national and international research organisations. She has close ties with research leaders who are internationally recognized in their respective fields. Min's research has been presented at leading international and domestic conferences including American Finance Association Conference (AFA), China International Conference in Finance (CICF), European Finance Association (EFA), Financial Research Network (FIRN) Conference, Australasian Finance and Banking Conference, and Accounting & Finance Association of Australia and New Zealand (AFAANZ) Conference.

As evidence of the international and national recognition of the quality and impact of her research, Min regularly referees manuscripts submitted to a number of academic journals including Journal of Finance, ournal of Financial Economics, Review of Finance, Journal of Banking & Finance, and Journal of Empirical Finance.

Min also has close links with the asset management industry. Her research in quantitative portfolio management has been met with great interest by industry practitioners. In particular, the portfolio construction and risk management framework she developed together with her co-researchers has been incorporated into day-to-day portfolio management processes of the Quantitative Equity Products Investment Team at Schroders since 2010.

Publications

Book Chapter (1)

Journal Articles (30)

Working Papers (4)

Book Chapter

Zhu, Min, Philpotts, David and Stevenson, Maxwell J. (2012). Classification and regression trees and their use in financial modeling. Encyclopedia of financial models. (pp. 375-382) edited by Frank J. Fabozzi. -: John Wiley & Sons. doi: 10.1002/9781118182635.efm0063

Journal Articles

Wei, Wang Chun, Koutmos, Dimitrios and Zhu, Min (2024). Are Bitcoin option traders speculative or informed?. Finance Research Letters, 67 105739, 105739. doi: 10.1016/j.frl.2024.105739

O’Neill, Michael, Sun, Jie (Felix), Warren, Geoffrey and Zhu, Min (2024). Scale diseconomies and capacity in fund management: variation across equity markets. Journal of Accounting Literature, ahead-of-print (ahead-of-print). doi: 10.1108/JAL-05-2024-0094

Pastor, Lubos, Stambaugh, Robert F., Taylor, Lucian A. and Zhu, Min (2022). Diseconomies of scale in active management: robust evidence. Critical Finance Review, 11 (3-4), 593-611. doi: 10.1561/104.00000121

Wang, Qingxia, Faff, Robert and Zhu, Min (2022). Realized moments and the cross-sectional stock returns around earnings announcements. International Review of Economics and Finance, 79, 408-427. doi: 10.1016/j.iref.2022.02.036

Wang, Qingxia, Faff, Robert and Zhu, Min (2021). Informational content of options around analyst recommendations. International Journal of Managerial Finance, ahead-of-print (ahead-of-print), 445-465. doi: 10.1108/ijmf-04-2021-0168

Jayetileke, Harshanie L., Wang, You-Gan and Zhu, Min (2021). Predictive regression with p-lags and order-q autoregressive predictors. Journal of Empirical Finance, 62, 282-293. doi: 10.1016/j.jempfin.2021.04.006

Yang, Liu, Zhou, Qing and Zhu, Min (2021). De‐risking through equity holdings: bank and insurer behavior under capital requirements. Journal of Business Finance & Accounting, 48 (9-10) jbfa.12526, 1889-1917. doi: 10.1111/jbfa.12526

Zhu, Min, Wu, Jinran and Wang, You-Gan (2020). Multi-horizon accommodation demand forecasting: a New Zealand case study. International Journal of Tourism Research, 23 (3), 442-453. doi: 10.1002/jtr.2416

Wang, You‐Gan, Lin, Xu and Zhu, Min (2020). Rejoinder to “Comment on ‘Wang et al . (2005), Robust estimating functions and bias correction for longitudinal data analysis’ by Nicola Lunardon and Giovanna Menardi”. Biometrics, 76 (3) biom.13262, 1043-1044. doi: 10.1111/biom.13262

Zhu, Min (2018). Informative fund size, managerial skill, and investor rationality. Journal of Financial Economics, 130 (1), 114-134. doi: 10.1016/j.jfineco.2018.06.002

Chen, Rui, Gao, Zhennan, Zhang, Xueyong and Zhu, Min (2018). Mutual fund managers' prior work experience and their investment skill. Financial Management, 47 (1), 3-24. doi: 10.1111/fima.12180

Rajapaksa, Darshana, Zhu, Min, Lee, Boon, Viet-Ngu Hoang,, Wilson, Clevo and Managi, Shunsuke (2017). The impact of flood dynamics on property values. Land Use Policy, 69, 317-325. doi: 10.1016/j.landusepol.2017.08.038

Zhu, Min, Chen, Rui, Du, Ke and Wang, You-Gan (2017). Dividend growth and equity premium predictability. International Review of Economics and Finance, 56, 125-137. doi: 10.1016/j.iref.2017.10.020

Reed, W. Robert and Zhu, Min (2017). On estimating long-run effects in models with lagged dependent variables. Economic Modelling, 64, 302-311. doi: 10.1016/j.econmod.2017.04.006

Zhu, Min, Liu, Chang and Wang, You-Gan (2016). A comment on Koh’s “The optimal design of fallible organizations: invariance of optimal decision threshold and uniqueness of hierarchy and polyarchy structures”. Social Choice and Welfare, 48 (2), 1-8. doi: 10.1007/s00355-016-1009-5

Chen, Keqi, Chen, Rui, Zhang, Xueyong and Zhu, Min (2016). Chinese stock market return predictability: adaptive complete subset regressions. Asia-Pacific Journal of Financial Studies, 45 (5), 779-804. doi: 10.1111/ajfs.12152

Fu, Liya, Wang, You-Gan and Zhu, Min (2015). A Gaussian pseudolikelihood approach for quantile regression with repeated measurements. Computational Statistics and Data Analysis, 84, 41-53. doi: 10.1016/j.csda.2014.11.002

Zhu, Min (2013). Jackknife for bias reduction in predictive regressions. Journal of Financial Econometrics, 11 (1) nbs011, 193-220. doi: 10.1093/jjfinec/nbs011

Leung, Denis Heng-Yan, Small, Dylan S., Qin, Jing and Zhu, Min (2013). Shrinkage empirical likelihood estimator in longitudinal analysis with time‐dependent covariates—application to modeling the health of Filipino children. Biometrics, 69 (3), 624-632. doi: 10.1111/biom.12039

Zhu, Min (2013). Return distribution predictability and its implications for portfolio selection. International Review of Economics and Finance, 27, 209-223. doi: 10.1016/j.iref.2012.10.002

Zhu, Min, Philpotts, David and Stevenson, Maxwell J. (2012). The benefits of tree-based models for stock selection. Journal of Asset Management, 13 (6), 437-448. doi: 10.1057/jam.2012.17

Zhu, Min, Philpotts, David, Sparks, Ross and J. Stevenson, Maxwell (2011). A hybrid approach to combining CART and logistic regression for stock ranking. The Journal of Portfolio Management, 38 (1), 100-109. doi: 10.3905/jpm.2011.38.1.100

Wang, You-Gan, Shao, Quanxi and Zhu, Min (2009). Quantile regression without the curse of unsmoothness. Computational Statistics & Data Analysis, 53 (10), 3696-3705. doi: 10.1016/j.csda.2009.03.012

Leung, Dennis H. Y., Wang, You-Gan and Zhu, Min (2009). Efficient parameter estimation in longitudinal data analysis using a hybrid GEE method. Biostatistics, 10 (3), 436-445. doi: 10.1093/biostatistics/kxp002

Dekle, Dawn J., Leung, Denis H.Y. and Zhu, Min (2008). Testing Intergroup Concordance in Ranking Experiments With Two Groups of Judges. Psychological Methods, 13 (1), 58-71. doi: 10.1037/1082-989X.13.1.58

Wang, You-Gan, Lin, Xu, Zhu, Min and Bai, Zhidong (2007). Robust estimation using the Huber function with a data-dependent tuning constant. Journal of Computational and Graphical Statistics, 16 (2), 468-481. doi: 10.1198/106186007x180156

Wang, You-Gan and Zhu, Min (2006). Rank-based regression for analysis of repeated measures. Biometrika, 93 (2), 459-464. doi: 10.1093/biomet/93.2.459

Zhu, Min and Wang, You-Gan (2005). Quantile estimation from ranked set sampling data. Sankhya: The Indian Journal of Statistics, 67 (2), 295-304.

Wang, You-Gan, Lin, Xu and Zhu, Min (2005). Robust estimating functions and bias correction for longitudinal data analysis. Biometrics, 61 (3), 684-691. doi: 10.1111/j.1541-0420.2005.00354.x

Wang, You-Gan and Zhu, Min (2005). Optimal sign tests for data from ranked set samples. Statistics and Probability Letters, 72 (1), 13-22. doi: 10.1016/j.spl.2004.11.014

Working Papers

Zhu, Min (2023). Evaluating the efficacy of multiple testing adjustments in empirical asset pricing. doi: 10.2139/ssrn.4396035

Ahfock, Daniel, McLachlan, Geoffrey, Yang, Liu and Zhu, Min (2022). Detecting accounting fraud with noisy labels. UQ Business School.

Harvey, Campbell R., Liu, Yan, Tan, Eric K. M. and Zhu, Min (2020). Crowding: evidence from fund managerial structure. doi: 10.2139/ssrn.3554636

Zhang, Lei and Zhu, Min (2020). Does corporate exposure to weather affect bond yield spread?. doi: 10.2139/ssrn.3547895