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X. Frank Zhang

X. Frank Zhang

Professor of Accounting

Professor Zhang's research focuses on empirical capital market researches, including stock anomalies, fundamental analysis, investor and analyst behavior, management incentives, and corporate financial reporting. He is interested in both rational and behavioral approaches in studying stock anomalies and cross-sectional variations in stock returns.


  • PhD, University of Chicago, 2006
  • MBA, University of Chicago, 2005
  • BS, Nankai University, 1993


Working Paper

Understanding analysts’ use of macroeconomic news

F. Zhang, D. Dai and H. Ding
Yale University
Working Paper

Consensus analyst target prices: Information content and implications for investors

A. Palley, T. Steffen, and X. F. Zhang
Indiana University and Yale University
Working Paper

The death of stock splits: an increase in the costs to split

Q. Tan, J. Heater, and X. F. Zhang
Duke University, City University of Hong Kong, and Yale University
Working Paper