熊伟师资力量 -

熊伟

职位 : 深圳高等金融研究院学术院长；教授（普林斯顿大学）

个人简介

熊教授于2001年获得杜克大学金融学博士学位，在此之前，他获得中国科技大学物理学学士和美国哥伦比亚大学物理学硕士学位。他现任美国普林斯顿大学金融学讲座教授及经济学教授，他还是美国国家经济研究署研究员。熊教授是全世界金融界中最具影响力的研究学者之一，在国际学术圈及政府决策层中都发挥过重要影响力。他在世界顶尖经济及金融杂志发表过三十余篇关于各类研究主题的论文，例如投机泡沫、金融危机、行为金融学、大宗商品金融化、中国金融市场等。他在金融泡沫方面的研究曾被美国主流媒体例如华尔街日报专题报道。熊教授曾获多项荣誉，包括美国金融学会2012年度史密斯·伯林顿最佳论文奖、美国西部金融学会2013年度纳斯达克集团最佳论文奖、中国2015年首届孙冶方金融创新奖、2018年中国经济学奖。他于2016年出任美国金融学会旗帜期刊《The Journal of Finance》联合主编。

学术著作

1. Chen, T., Gao, Z., He, J., Jiang, W., and Xiong, W. (2018). Daily Price Limits and Destructive Market Behavior, Journal of Econometrics, forthcoming.

2. Baron, M., Xiong, W. (2017). Credit Expansion and Neglected Crash Risk. Quarterly Journal of Economics 132, 713-764.

3. Jia, C., Wang, Y., Xiong, W. (2017). Market Segmentation and Differential Reactions of Local and Foreign Investors to Analyst Recommendations. Review of Financial Studies 30, 2972-3008.

4. “Credit Expansion and Neglected Crash Risk” (with Matthew Baron), Quarterly Journal of Economics, forthcoming.

5. “Informational Frictions and Commodity Markets” (with Michael Sockin), Journal of Finance, 2015.

6. “A Welfare Criterion for Models with Distorted Beliefs” (with Markus Brunnermeier and Alp Simsek), Quarterly Journal of Economics, 129 (4), 2014, 1711-1752.

7. “Why Do Hedgers Trade So Much?” (with Ing-haw Cheng), Journal of Legal Studies 43, 2014, S183-207.

8. “Wall Street and the Housing Bubble” (with Ing-haw Cheng and Sahil Raina) American Economic Review 104, 2014, 2797-2829.

9. “Delegated Asset Management, Investment Mandates, and Capital Immobility” (with Zhiguo He), Journal of Financial Economics, 2013, Vol 107, 239-258 (lead article).

10. “Realization Utility” (with Nicholas Barberis), Journal of Financial Economics, 2012, Vol. 104, 251-271.

11. “Rollover Risk and Credit Risk” (with Zhiguo He), Journal of Finance, 2012, Vol. 67, 391-429 (lead article). 2012 Smith Breeden Prize (first prize).

12. “Dynamic Debt Runs” (with Zhiguo He), Review of Financial Studies, 2012, Vol. 25, 1799-1843.

13. “Index Investment and Financialization of Commodities” (with Ke Tang), Financial Analysts Journal, 2012, Vol. 68, 54-74.

14. “The Chinese Warrants Bubble” (with Jialin Yu), American Economic Review, 2011, Vol. 101, 2723-2753.

15. “Heterogeneous Expectations and Bond Markets” (with Hongjun Yan), Review of Financial Studies, 2010, Vol. 23, 1433-1466.

16. “What Drives the Disposition and Momentum Effects? An Analysis of a Recent Preference-Based Explanation” (with Nicholas Barberis), Journal of Finance, 2009, Vol. 64, 751-784.

17. “Advisors and Asset Prices: A Model of the Origins of Bubbles” (with Harrison Hong and Jose Scheinkman), Journal of Financial Economics, 2008, Vol. 89, 268-287.

18. “Executive Compensation and Short-termist Behavior in Speculative Markets” (with Patrick Bolton and Jose Scheinkman), Review of Economic Studies, 2006, Vol. 73, pp. 577-610.

19. “Asset Float and Speculative Bubbles” (with Harrison Hong and Jose Scheinkman) Journal of Finance, 2006, Vol. 61, pp. 1073-1117. Final list of the Smith Breeden Best Paper Award.

20. “Investor Attention, Overconfidence and Category Learning” (with Lin Peng) Journal of Financial Economics, 2006, Vol. 80, pp. 563-602.

21. “Overconfidence and Speculative Bubbles” (with Jose Scheinkman) Journal of Political Economy, 2003, Vol. 111, pp. 1183-1219. Reprinted in New Perspectives on Asset Price Bubbles, edited by Douglas D. Evanoff, George G. Kaufman and A. G. Malliaris, 2012, Oxford University Press.

22. “Convergence Trading with Wealth Effects: An Amplification Mechanism in Financial Markets” Journal of Financial Economics, 2001, Vol. 62, pp. 247-292.

23. “Contagion as a Wealth Effect” (with Albert Kyle) Journal of Finance, 2001, Vol. 56, pp. 1401-1440. Roger Murray Prize in 2001 Q-group meetings.