Professor of Finance, Jindal School of Management, University of Texas at
Associate Professor of Finance, Kenan-Flagler Business School, University
of North Carolina at Chapel Hill, 2000-2005
Assistant Professor of Economics, Graduate School of Industrial
Administration, Carnegie Mellon University, 1994-2000
and Long-run Consumption Risks, Dividend Processes and Asset Returns,”
(Jun Li and Harold H. Zhang), Review
of Financial Studies, forthcoming.
Mortgage Defaults and Credit Default Swaps,” (Eric Arentsen, David
Mauer, Brian Rosenlund, Harold Zhang, and Feng Zhao), Journal of Finance, 70, 689-731,
- “Does Financial
Constraint Affect Shareholder Taxes and the Cost of Equity Capital?”
(Zhonglan Dai, Douglas Shackelford, Harold H. Zhang, and Chongyang
Chen), The Accounting Review,
88, 1603-1627, 2013.
Gains Taxes and Stock Return Volatility,” (Zhonglan Dai, Doug
Shackelford and Harold H. Zhang), Journal
of American Taxation Association, 2013.
Networks and Trading in Emerging Bond Markets,” (Geoffrey Booth,
Umit Gurun and Harold H. Zhang), Journal
of Financial Markets, 2013.
- “Fear of the Unknown: Familiarity and
Economic Decisions,” (H. Henry Cao, Bing Han, David Hirshleifer and
Harold H. Zhang), Review of
Finance, 15, 173-206, 2011.
- “Stock Returns and Volatility of
Liquidity,” (Joao Pedro Pereira and Harold H. Zhang), Journal of Financial and Quantitative Analysis, 45,
- “Capital Gains Taxes and Asset
Prices: Capitalization or Lock-in?” (Zhonglan Dai, Edward Maydew,
Douglas A. Shackelford, and Harold H. Zhang), Journal of Finance, 63, 709-742, 2008.
Uncertainty, Limited Market Participation and Asset Prices,” (H.
Henry Cao, Tan Wang and Harold H. Zhang), Review of Financial Studies, 18, 1219-1251, 2005.
- “External Habit
and the Cyclicality of Expected Stock Returns,” (Thomas Tallarini,
Jr. and Harold H. Zhang), Journal
of Business, 78, 1023-1048, 2005.
Consumption and Portfolio Choices with Risky Housing and Borrowing
Constraints,” (Rui Yao and Harold H. Zhang), Review of Financial Studies, 18, 197-239, 2005.
Long-Term Wealth Accumulation: It’s not just about “What” but also about
“Where” to Make Them, (Robert Dammon, James Poterba, Chester Spatt,
Harold H. Zhang), Research
Dialogue 85, 2005.
on ‘Household Portfolio Choices in Taxable and Tax-Deferred Accounts:
Another Puzzle?’ (Harold H. Zhang), European Finance Review 7, 583-586, 2004.
Asset Location and Allocation with Taxable and Tax-Deferred Investing,”
(Robert M. Dammon, Chester S. Spatt and Harold H. Zhang), Journal of Finance 59, 2004. This
paper is nominated for the 2004 Smith Breeden prize.
Gains Taxes and Portfolio Rebalancing,” (Robert M. Dammon, Chester
S. Spatt and Harold H. Zhang), Research
Intergenerational Transfers,” (Frank A. Sloan, Harold H. Zhang and
Jingshu Wang), Southern Economic
Consumption and Investment with Capital Gains Taxes,” (Robert M. Dammon,
Chester S. Spatt and Harold H. Zhang), Review of Financial Studies, 14, 583-616, 2001 (lead article).
- “Explaining Bond Returns in Heterogeneous
Agents Models: The Importance of Higher Order Moments,” (Harold H.
Zhang), Journal of Economic
Dynamics and Control, 24, 1381-1404, 2000 (lead article).
- “Fixed Costs and Asset
Market Participation,” (Amir Yaron and Harold H. Zhang), Revista De Analisis Economico, 15, 89-109, 2000.
Investigation of the Risk and Return Relation at Long Horizons,”
(Paul Harrison and Harold H. Zhang), Review
of Economics and Statistics, 81, 399-408, 1999.
- “Overparameterization in
Seminonparametric Density Estimation,” (Ming Liu and Harold H. Zhang),
Economics Letters, 60, 11-18, 1998.
- “Endogenous Borrowing Constraints with
Incomplete Markets,” (Harold H. Zhang), Journal
of Finance, 52, 2187-2209, 1997.
- “Endogenous Short Sale Constraint, Stock Prices and
Output Cycles,” (Harold H. Zhang), Macroeconomic Dynamics, 1, 228-254, 1997 (inaugural issue).
- “Tort Liability and
Obstetrician’s Care Levels,” (Frank Sloan, Stephen Entman, Bridget
Reilly, Cheryl Glass, Gerald Hickson and Harold H. Zhang), International Review of Law and
Economics, 17, 245-260, 1997.
- “Volume, Volatility, and Leverage: A Dynamic
Analysis,” (George Tauchen, Harold Zhang, and Ming Liu), Journal of Econometrics, 74,