dhr. dr. L. (Liang) Zou
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Faculteit Economie en Bedrijfskunde
Sectie Finance
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Plantage Muidergracht
14
1018 TV Amsterdam
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L.Zou@uva.nl
T: 0205254256
T: 0205254153
Positions
Associate Professor
Research interests
-Theory of Choice under Risk
-Investment Strategies and Risk Management
-Asset Pricing and Performance Evaluation
-Agency Theory, Financial and Incentive Contracts
-Chinese Economic and Financial Transition
Dissertation title
Essays in Principal-Agent Theory
Teaching activities
Current year
Investment and Portfolio Theory
Seminar Finance
Advances in Investment Theory
Previous years
Investment and Portfolio Theory
Advances in Investment Theory
Thesis supervision
BPT
2011
- A. Hu, T. Offerman & L. Zou (2011). Premium auctions and risk preferences. Journal of Economic Theory, 146 (6), 2420-2439. doi: 10.1016/j.jet.2011.10.005
2010
- A. Hu, S.A. Matthews & L. Zou (2010). Risk aversion and optimal reserve prices in first- and second-price auctions. Journal of Economic Theory, 145 (3), 1188-1202. doi: 10.1016/j.jet.2010.02.006
2009
- T. Li, L. Sun & L. Zou (2009). State ownership and corporate performance: A quantile regression analysis of Chinese listed companies. China Economic Review, 20 (4), 703-716. doi: 10.1016/j.chieco.2009.05.006
2006
- L. Zou (2006). The best-beta CAPM. Applied Financial Economics Letters, 2 (2), 131-137.
- L. Zou (2006). An Alternative to Prospect Theory. Annals of Economics and Finance, 7 (1), 1-27.
2005
- L. Zou (2005). Grain Futures Markets and Risk Management [in Chinese]. In China Agricultural Outlook 2005. Bejing: China Agricultural University Press.
2000
- L. Zou (2000). Liability Sharing as a Mechanism to Improve Firms' Investment and Liquidation Decisions. Journal of Comparative Economics, 28, 739-761.
1999
- L. Zou, E.C. Perotti & L. Sun (1999). State-owned versus Township and Village Enterprises in China. Comparative Economic Studies, 41 (2-3), 151-179.
1997
- L. Zou (1997). Incentive roles of fringe benefits in compensation contracts. Journal of Economics, 65 (2), 181-199.
1996
- L. Zou & W. Sun (1996). Interest rate policy and incentives of state-owned enterprises in the transitional China. Journal of Comparative Economics, 23, 292-318.
1995
- L. Zou (1995). Incentive contracting with hidden choices of effort and risk. Economics Letters, 47, 311-316.
2009
- A. Hu, S.A. Matthews & L. Zou (2009). Risk aversion and optimal reserve prices in first and second-price auctions. (extern rapport, PIER working paper, no 09-016). Philadelphia: Penn Institute for Economic Research.
- A. Hu, S.A. Matthews & L. Zou (2009). Risk aversion and optimal reserve prices in first and second-price auctions [second version]. (extern rapport, PIER working paper, no 10-001). Philadelphia: Penn Institute for Economic Research.
2005
- L. Zou (2005). Dichotomous Asset Pricing Model. Annals of Economics and Finance, 6 (1), 185-207.
2000
- L. Zou & L. Kin (2000). Inherent Efficiency, Security Markets, and the Pricing of Investments Strategies. Discussion paper - Tinbergen Institute, 108/2.
- L. Zou (2000). Liability Sharing as a Mechanism to Improve Firms Investments and Liquidation Decisions, with Laixian Sun. Discussion paper - Tinbergen Institute, TI 2000-04.
- L. Zou (2000). Inherent Reward & Risk (Part I): Towards a Universal Paradigm for Investment Analysis. Discussion paper - Tinbergen Institute, 050/02.
- L. Zou & L. Kin (2000). Adding Risks: Some General Results about Time Diversification. Discussion paper - Tinbergen Institute, 063/2.
1999
- E.C. Perotti, L. Sun & L. Zou (1999). State-owned versus township and village enterprises in China. Comparative Economic Studies, 41 (2-3), 151-180.
1998
- L. Zou (1998). A Theory of Risk Pooling and Voluntary Liquidation of Firms: with an Application to Township-Village Enterprises in China. Discussion paper - Tinbergen Institute, 98-123/2.
- E.C. Perotti, L. Sun & L. Zou (1998). State-Owned versus Township and Village Enterprises in China. UNU World Institute for Development Economics Research Working Papers, 150.
- E.C. Perotti, L. Sun & L. Zou (1998). State-owned versus township and village enterprises in China. (unknown, WIDER Working papers, no no. 150). Helsinki: UNU World Institute for Development Economics Researh (UNU/WIDER).
1997
- L. Zou (1997). Investments with downside insurance and the issue of time diversification. Financial Analysts' Journal, 53 (4), 73-79.
2013
- A. Hu, T.J.S. Offerman & L. Zou (2013). How Risk Sharing May Enhance Efficiency in English Auctions. (Preprints). : University of Amsterdam.
- A. Hu, S. Matthews & L. Zou (2013). English Auctions with Ensuing Risk and Heterogeneous Bidders. (Preprints). : Universiteit van Amsterdam.
2012
- A. Hu, T. Offerman & L. Zou (2012). How risk sharing may enhance efficiency in English auctions. (Preprints, CREED Working Papers). Amsterdam: Universiteit van Amsterdam.
2010
- X. Hu, T.J.S. Offerman & L. Zou (2010). Premium Auctions and Risk Preferences. (Preprints). : Universiteit van Amsterdam.
2009
- A. Hu & L. Zou (2009). Selecting less corruptible bureaucrats: A quasi-auction approach. (intern rapport). Amsterdam: Faculteit Economie en Bedrijfskunde.
- A. Hu & L. Zou (2009). Efficient auctions of risky asset to heterogeneous risk averse (preferring) buyers. (intern rapport). Amsterdam: Faculteit Economie en Bedrijfskunde.
- A. Hu, S. Matthews & L. Zou (2009). Risk aversion and optimal reseve prices in first and second-price auctions. (intern rapport). Amsterdam: Faculteit Economie en Bedrijfskunde.
- A. Hu, T. Offerman & L. Zou (2009). A theory of premium auctions. (intern rapport). Amsterdam: Faculteit Economie en Bedrijfskunde.
2008
- A. Hu & L. Zou (2008). Auctions under payoff uncertainty: the case with heterogeneous bidder aversion to downside risk. (intern rapport, Tinbergen Institute discussion paper, no 2008-044/1). onbekend: Tinbergen Instituut.
- A. Hu & L. Zou (2008). Auctioning risky assets to heterogeneous risk-averse bidders. (intern rapport). Amsterdam: Faculteit Economie en Bedrijfskunde.
- A. Hu & L. Zou (2008). Selecting less corruptible bureaucrats: A quasi-auction approach. (intern rapport). Amsterdam: Faculteit Economie en Bedrijfskunde.
2007
- A. Hu & L. Zou (2007). Auction under moral hazard. (intern rapport). Amsterdam: Faculteit Economie en Bedrijfskunde.
- A. Hu & L. Zou (2007). Selecting less corruptible bureaucrats: a quasi-auction approach. (intern rapport, Tinbergen Discussion Paper, no 07-096/1). Amsterdam: Faculteit Economie en Bedrijfskunde.
2006
- L. Zou (2006). Dichotomous analysis of Fama-French portfolios. (intern rapport). Amsterdam: Faculteit Economie en Bedrijfskunde.
- L. Zou, L. Sun & T. Li (2006). Solvency insurance. (intern rapport). Amsterdam: Faculteit Economie en Bedrijfskunde.
- L. Zou (2006). A theory of reference point. (intern rapport). Amsterdam: Faculteit Economie en Bedrijfskunde.
- L. Zou (2006). Compound utility and asset pricing. (intern rapport). Amsterdam: Faculteit Economie en Bedrijfskunde.
- G. van de Kuilen, P.P. Wakker & L. Zou (2006). A Midpoint Technique for Easily Measuring Prospect Theory's Probability Weighting. (intern rapport). Amsterdam: Faculteit Economie en Bedrijfskunde.
2005
- L. Zou, L. Sun & T. Li (2005). State Ownership, Corporate Performance, and Parameter Heterogeneity: A Quantile Analysis on China¿s Listed Companies. (intern rapport). onbekend: Afdeling Business Studies.
- L. Zou (2005). Asset Pricing with Compound Utility. (intern rapport, Working Paper). onbekend: Afdeling Business Studies.
- L. Zou (2005). An Alternative to Prospect Theory. (intern rapport, Working Paper). onbekend: Afdeling Business Studies.
- L. Zou (2005). Compound Utility Theory. (intern rapport). onbekend: Afdeling Business Studies.
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