雷曼兄弟资深付总裁欧阳辉博士加盟长江为兼职教授

ckman

Hui Ou-Yang

Lehman Brothers Japan INC
Roppongi Hills Mori Tower, 31st Floor
Minato-Ku, Tokyo 106-6131, Japan
Cheung Kong Graduate School of Business
houyang@ckgsb.edu.cn

Employment

Senior Vice President， Lehman Brothers, June 2005-

Head of Quantitative Strategies; Head of Quantitative Credit Research, Asia

Adjunct Professor of Finance, Cheung Kong Graduate School of Business, June 2007-

Associate Professor of Finance, Duke University, June 2005- July 2006

Visiting Assistant Professor of Finance, Cheung Kong Graduate School of Business, July, 2004

Assistant Professor of Finance, Duke University, July 2001- May 2005

Assistant Professor of Finance, University of North Carolina at Chapel Hill, September 1998-June 2001

Assistant Professor of Physical Chemistry, Hong Kong University of Science & Technology, November 1993-August 1994

Research Papers

“Optimal Contracts in a Continuous-Time Delegated Portfolio Management Problem,” Review of Financial Studies, 16, 173-208, (2003); Awarded the Barclays Global Investors/ Michael Brennan Runner-Up (Second Place) Award for the best paper published in Volume 16

“An Equilibrium Model of Asset Pricing and Moral Hazard,” Review of Financial Studies, 18, (2005)

“Incentives and Performance in the Presence of Wealth Effects and Endogenous Risk” (with M. Guo), Journal of Economic Theory, 71, (2005)

“Prospect Theory and Liquidation Decisions” (with A. S. Kyle and W. Xiong), Journal of Economic Theory, 71, (2005)

“Estimation of Continuous-Time Models with an Application to Equity Volatility” (with G. Bakshi and N. Ju), Journal of Financial Economics, (2006)

 “Capital Structure, Debt Maturity, and Stochastic Interest Rates” (with N. Ju), Journal of Business, 79, (2006)

“Differences of Opinion of Public Information and Speculative Trading in Stocks and Options” (with H. Cao);  Forthcoming at Review of Financial Studies, Winner of the Society of Quantitative Analysts Award at the 2005 Western Finance Association Meetings

“A Continuous-Time Model of Explicit and Implicit Incentives,” (with N. Arora), Journal of Economic Theory, revise and resubmit

“An Agency Explanation of the Closed-End Fund Puzzle,” (with N. Arora and N. Ju), Rand Journal of Economics, revise and resubmit

 “Bubbles and Panics in a Frictionless Market with Heterogeneous Expectations” (with H. Cao)

“Asset Substitution and Underinvestment: A Dynamic View” (with N. Ju)

“A Model of Asset Pricing and Portfolio Delegation” (with N. Arora and N. Ju)

 “Incentives, Performance, and Academic Tenure” (with S. Li)

“A Model of Asset Pricing with Market Impact Costs and Transactions Costs” (with M. Guo)

 “Explicit and Implicit Incentives in a Delegated Portfolio Management Problem, Theory and Evidence” (with N. Arora)

Manuscripts under Preparation

“Endogenous Information and Portfolio Delegation: A Reexamination of the Grossman-Stiglitz Model” (with J. Anatolievna)

“Portfolio Delegation, Information Acquisition, and Strategic Trading” (with A. S. Kyle, and B. Wei)

Teaching

Teaching at Duke: (a) Global Financial Management (the core finance course in the Global Executive MBA program), won the best teaching award in 2004; (b) Dynamic Asset Pricing Theory and its Applications (a core course in the Ph.D. program)

Prior teaching at Duke (joint with Pete Kyle): Real Options and Venture Capital

Prior teaching at UNC: Corporate Finance; Dynamic Asset Pricing Theory

Research and Teaching Awards

Barclays Global Investors/ Michael Brennan Runner-Up (Second Place) Award for the best paper published in Volume 16 of the Review of Financial Studies for “Optimal Contracts in a Continuous-Time Delegated Portfolio Management Problem”

Outstanding Professor Award (Professor of the Year), Global Executive MBA, 2004

The Society of Quantitative Analysts Award at the 2005
     Western Finance Association Meetings for “Differences of Opinion of Public Information and Speculative Trading in Stocks and Options” (with H. Cao)

The third place award for the best paper presented at the 2004 China International Finance Conference for “Differences of Opinion of Public Information and Speculative Trading in Stocks and Options” (with H. Cao)

Doctoral Supervision

Co-chair (with Jennifer Conrad), Navneet Arora’s dissertation committee (2001)

Member, Dissertation committees of Paisan Limratanamongkol (2001), Tao Lin (2003), Ge Zhang (2003), Julia Anatolievna (2004), Haofei Chen (2005), Ed Fang (2005), Ming Guo (2005), Bo Jiang (2005), and Si Li (2005)

Invited Seminars

Duke, Maryland, and Texas, 2000

AFA, Princeton, UNC, and Wharton, 2001

AFA, Caltech, Columbia, HKU, HKUST, PKU, and UCLA, 2002

Wash. U. and Yale, 2003

AFA, Hitotshbashi-Tokyo, Lehman Brothers, NBER, NYU-ISE, RFS-Indiana (coauthor), and WFA (coauthor) 2005

Education

U.C. Berkeley, Haas School of Business, Ph.D. in Finance

California Institute of Technology, Postdoctoral Fellow

California Institute of Technology, Postdoctoral Fellow

California Institute of Technology, Postdoctoral Fellow

California Institute of Technology, Postdoctoral Fellow

Tulane University, Ph.D. in Chemical Physics

Tulane University, Ph.D. in Chemical Physics

Beijing University (China), M.S. in Theoretical Chemistry

Hunan Normal University (China), B.S. in Physical Chemistry

Other Publications (before appointment at Duke)

H. Ou-Yang and M. Levy, “Theorem for Exact Exchange Potential,” Physical Review Letters, 65, 1036 (1990)
  

M. Levy and H. Ou-Yang, “Exact Properties of the Pauli Potential for the Square Root of the Electron Density and the Kinetic Energy Functional,” Physical Review, A 38, 625, (1989)

H. Ou-Yang and M. Levy, “On Path-Dependence of the Exchange Potential in Density Functional Theory, Physical Review, A 41, 4038 (1990)     

H. Ou-Yang and M. Levy, “Nonuniform Coordinate Scaling Requirements in Density Functional Theory,” Physical Review, A 42, 155 (1990)

M. Levy and H. Ou-Yang, “Nonuniform Coordinate Scaling Requirements for Exchange-Correlation Energy,” Physical Review, A 42, 651 (1990)

H. Ou-Yang and M. Levy, “Theorem for Functional Derivatives in Density Functional Theory,” Physical Review, A 44, 54 (1991)

H. Ou-Yang and M. Levy, “Approximate Noninteracting Kinetic Energy Functionals,” International Journal of Quantum Chemistry, 40, 379 (1992)

H. Ou-Yang, B.C. Kallebring, and R.A. Marcus, “Surface Properties of Solids Using a Semi-Infinite Approach and the Tight-Binding Approximation,”
     Journal of Chemical Physics, 98, 7405 (1993)

H. Ou-Yang, B.C. Kallebring, and R.A. Marcus, “A Theoretical Model of Scanning Tunneling Microscopy,” Journal of Chemical Physics, 98, 7565 (1993)

H. Ou-Yang, R.A. Marcus, and B.C. Kellebring, “Scanning Tunneling Microscopy Theory for an Adsorbate,” Journal of Chemical Physics, 100, 7814 (1994)

* Mel Levy is a fellow of American Physical Society

* Rudy Marcus is a Nobel Laureate

[此贴子已经被作者于2007-6-29 11:28:41编辑过]

which

牛公司的牛华人

好资源，年轻的CKer可以努力啊

我等大龄者似乎不太适合进顶级投行吧？

顺便问问，年龄大一些（三十多的）的CKMBA通常选择哪些行业或职务呢？

foever

顶！

美林法国前总裁是长江的访问教授，教投行，是沃顿的金融博士和巴黎大学的法学博士，目前任教于沃顿；中金的前执行董事教会计，哈佛毕业的。

billyadle

牛，可惜我不是这个行当的

foever

以下是引用which在2007-6-29 11:13:00的发言：

牛公司的牛华人

好资源，年轻的CKer可以努力啊

我等大龄者似乎不太适合进顶级投行吧？

顺便问问，年龄大一些（三十多的）的CKMBA通常选择哪些行业或职务呢？

我们班中金的那个也是30+进的投行，不久前刚去纽约总部培训过，其他工科背景的不少做风险投资的（大概有5个，混的都不错，这个行业前景挺好的），也有做行业分析和咨询的。

howardwang

07的更幸福了,哈哈.

MLG

顶一下

foever

最近还有另一位加盟作为兼职教授，来自实务届的，这种方式是个有益的补充。

http://www.ckgsb.com/web2005/prof_wangwei.html

王巍　WANG Wei
    

Ph.D., Fordham University
Adjunct Professor of Finance at Cheung Kong GSB
E-mail:wangwei@mergers-china.com
    

教授简介

Dr. Wang is Adjunct Professor of Finance at Cheung Kong GSB. He received his Ph. D. in Economics from Fordham University in 1992. He is the Chairman of China Mergers & Acquisitions Association (CMAA) and Founder of China M&A Group. He was Executive Vice President of China Southern Securities Co. Ltd. (1992-96) and Chairman of China M&A Management Holding, Inc. (1997-2006). He has also given a series of lectures on corporate restructuring and M&A for the EMBA students at CEIBS, Peking University, Tsinghua University and Yale.

Dr. Wang has rich experience in corporate financing, M&A, and IPO operations. He has led and supervised the IPO underwriting for over 40 Chinese companies in both domestic and overseas markets. He was also the financial consultant advising on the issues like restructuring, financing, M&A and IPO for many leading companies in China. Dr. Wang is the independent director of three listed companies and the economic advisor for several ministerial and provincial governments in China. He has experience working with various international corporations as well, such as Nomura Security Co. Ltd. In Tokyo, the World Bank in Washington D.C. and the Chemical Bank in New York.