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Associate Professor Jianfeng Shen
Associate Professor

Associate Professor Jianfeng Shen

  • PhD, National University of Singapore
  • BA, Zhejiang University
Business School
School of Banking and Finance

For more details, please click here: CV.

I am an associate professor of finance at the UNSW Business School. My research expertise is in the empirical asset pricing area. One common theme in my research is how various market participants process different types of information, interact with each other, and consequently affect the formation of asset prices. My work covers topics including the time-series and cross-sectional patterns in asset returns, and the behaviors and roles in capital markets of financial intermediaries (e.g., analysts, delegated asset managers, and news media). I received BA in Economics from Zhejiang University and PhD in Finance from National University of Singapore.
Phone
+61 2 9385 4581
E-mail
jianfeng.shen@unsw.edu.au
Location
UNSW Business School - Ref E12 Level 3, Office 309
  • Journal articles | 2021
    2021, 'Financial Transaction Tax and Market Quality: Evidence from France', International Review of Finance, http://dx.doi.org/10.1111/irfi.12342
    Journal articles | 2020
    Ding N; Parwada J; Shen J; Zhou S, 2020, 'When Does a Stock Boycott Work? Evidence from a Clinical Study of the Sudan Divestment Campaign', Journal of Business Ethics, 163, pp. 507 - 527, http://dx.doi.org/10.1007/s10551-018-4021-0
    Journal articles | 2018
    Gao P; Parsons CA; Shen J, 2018, 'The global relation between financial distress and equity returns', The Review of Financial Studies, 31, pp. 239 - 277, http://dx.doi.org/10.1093/rfs/hhx060
    Journal articles | 2017
    Ding N; Parwada J; Shen J, 2017, 'Information sharing within the networks of delegated portfolio managers: Evidence from plan sponsors and their sub-advisors', Journal of Behavioral Finance, 18, pp. 99 - 113, http://dx.doi.org/10.1080/15427560.2016.1238369
    Journal articles | 2017
    Huang X; Rui Y; Shen J; Tian GY, 2017, 'U.S. Class Action Lawsuits Targeting Foreign Firms: The Country Spill-over Effect', Journal of Corporate Finance, 45, pp. 378 - 400, http://dx.doi.org/10.1016/j.jcorpfin.2017.05.011
    Journal articles | 2015
    2015, 'Information, Analysts, and Stock Return Comovement', The Review of Financial Studies, 28, pp. 3153 - 3187, http://dx.doi.org/10.1093/rfs/hhv042
    Journal articles | 2014
    He W; Shen J, 2014, 'Do foreign investors improve informational efficiency of stock prices? Evidence from Japan', Pacific-Basin Finance Journal, 27, pp. 32 - 48, http://dx.doi.org/10.1016/j.pacfin.2014.01.005
    Journal articles | 2013
    He W; Li D; Shen J; Zhang B, 2013, 'Large foreign ownership and stock price informativeness around the world', Journal of International Money and Finance, 36, pp. 211 - 230, http://dx.doi.org/10.1016/j.jimonfin.2013.04.002
    Journal articles | 2013
    2013, 'The relationship between the frequency of news release and the information asymmetry: The role of uniformed trading', Journal of Banking and Finance, 37, pp. 4134 - 4143, http://dx.doi.org/10.1016/j.jbankfin.2013.07.026
    Journal articles | 2010
    He W; Shen J, 2010, 'Investor extrapolation and expected returns', Journal of Behavioral Finance, 11, pp. 150 - 160, http://dx.doi.org/10.1080/15427560.2010.507164
  • Conference Presentations | 2016
    Parwada J; Rui Y; Shen J, 2016, 'Are hedge funds more skilled than other institutional investors? Evidence from their use of insider trading information', presented at 2016 China International Conference in Finance, Xiamen, China, 07 July 2016 - 10 July 2016
    Conference Presentations | 2016
    Parwada J; Shen J; Siaw K, 2016, 'The Value of institutional brokerage relationships: Evidence from the collapse of Lehman Brothers', presented at 2016 European Finance Association annual meeting, Oslo, Norway, 17 August 2016 - 20 August 2016
    Conference Presentations | 2015
    Da Z; Jagannathan R; Shen J, 2015, 'Growth expectations, dividend yields, and future stock returns', presented at 2015 China International Conference in Finance, 09 July 2015 - 12 July 2015
    Conference Presentations | 2015
    Da Z; Jagannathan R; Shen J, 2015, 'Growth expectations, dividend yields, and future stock returns', presented at 2015 Finance Down Under Conference, University of Melbourne, Melbourne, VIC, Australia, 05 March 2015 - 07 March 2015
    Conference Presentations | 2015
    Da Z; Jagannathan R; Shen J, 2015, 'Investor optimism, sales fixation and firm life cycle', presented at 2015 China International Conference in Finance, Shenzhen, China, 09 July 2015 - 12 July 2015
    Conference Presentations | 2013
    Gao P; Shen J; Parsons C, 2013, 'The global relation between financial distress and equity returns', presented at 6th McGill Global Asset Management Conference, Montreal, Canada
    Conference Presentations | 2012
    Da Z; Jagannathan R; Shen J, 2012, 'Investor optimism, sales fixation and firm life cycle', presented at 2012 Queen’s Annual Behavioural Finance Conference, Kingston, Canada, 11 May 2012 - 12 May 2012
    Conference Presentations | 2011
    Hameed A; Morck R; Shen J; Yeung B, 2011, 'Information, Analysts, and Stock Return Comovement', presented at 2011 American Finance Association Annaul Meeting, Denver, United States, 07 January 2011 - 09 January 2011, http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1569198
    Conference Presentations | 2007
    Sankaraguruswamy S; Shen J; Yamada T, 2007, 'The relationship between the frequency of news release and the information asymmetry: The role of uninformed trading', presented at 2007 China International Conference in Finance, Chengdu, China, 09 July 2007 - 13 July 2007
    Conference Presentations | 2006
    Sankaraguruswamy S; Shen J; Yamada T, 2006, 'Impact of firm-specific public information on the relation between prices and trading', presented at 2006 European Finance Association annual conference, Zurich, Switzerland, 23 August 2006 - 26 August 2006
    Preprints |
    Are Hedge Funds More Skilled than Other Institutional Investors? Evidence from Their Use of Insider Trading Information, , http://dx.doi.org/10.2139/ssrn.3488875
    Preprints |
    Credit Rating and Stock Return Comovement, , http://dx.doi.org/10.2139/ssrn.3801282
    Preprints |
    Do Foreign Investors Improve Informational Efficiency of Stock Prices? Evidence from Japan, , http://dx.doi.org/10.2139/ssrn.2077334
    Preprints |
    Growth Expectations, Dividend Yields, and Future Stock Returns, , http://dx.doi.org/10.2139/ssrn.2516040
    Preprints |
    Growth versus Margin and Castles in the Air: Evidence from Industry IPO Waves, , http://dx.doi.org/10.2139/ssrn.2175396
    Preprints |
    Hedge Fund Ownership, Funding Liquidity Constraints and Excess Return Co-Movement, , http://dx.doi.org/10.2139/ssrn.2835273
    Preprints |
    Impact of Firm-Specific Public Information on the Relation between Prices and Trading, , http://dx.doi.org/10.2139/ssrn.889860
    Preprints |
    Information, Analysts, and Stock Return Co-movement, , http://dx.doi.org/10.2139/ssrn.1569198
    Preprints |
    The Global Relation between Financial Distress and Equity Returns, , http://dx.doi.org/10.2139/ssrn.2086475
    Preprints |
    The Relationship between the Frequency of News Release and the Information Asymmetry: The Role of Informed Trading and Uninformed Trading, , http://dx.doi.org/10.2139/ssrn.1100763
    Preprints |
    The Value of Institutional Brokerage Relationships: Evidence from the Collapse of Lehman Brothers, , http://dx.doi.org/10.2139/ssrn.3101959
    Preprints |
    U.S. Class Action Lawsuits Targeting Foreign Firms: The Spill-Over Effect, , http://dx.doi.org/10.2139/ssrn.2428334
    Preprints |
    When Does a Stock Boycott Work? Evidence from a Clinical Study of the Sudan Divestment Campaign, , http://dx.doi.org/10.2139/ssrn.2469575

Ad-hoc Referee:

  • Journal of Financial and Quantitative Analysis
  • Review of Finance
  • Management Science
  • Journal of International Business Studies
  • Journal of Corporate Finance
  • Journal of Banking and Finance
  • Journal of Financial Markets
  • Journal of Empirical Finance
  • International Review of Finance
  • Journal of Economic Dynamics and Control
  • Journal of Business Finance and Accounting
  • Journal of Money, Credit, and Banking
  • PLOS ONE

 

Grant Reviewer:

  • Australian Research Council
  • Research Grants Council of Hong Kong

 

Program Committee:

  • European Finance Association Annual Meeting
  • Financial Management Association Annual Meeting
  • Asian Finance Association Annual Meeting
  • Finance Down Under Conference

 

Memberships - Company Boards, Professional Associations:

  • American Finance Association
  • Western Finance Association
  • European Finance Association

My Teaching

  • FINS2624 Portfolio Management
  • FINS3630 Bank Financial Management
  • FINS4774 Empirical Asset Pricing
  • FINS5517 Applied Portfolio Management and Modelling
  • FINS5530 Financial Institution Management
  • FINS5574 Empirical Asset Pricing