陈龙

陈龙教授简介：

       陈龙博士曾任蚂蚁金服集团首席战略官、阿里巴巴集团罗汉堂秘书长。他是多伦多大学金融学博士，在美国华盛顿大学奥林商学院获得终身教职荣誉，并曾在美国荣获商学院优秀教师奖。回国后他曾任长江商学院副院长，曾经是多个研究中心的主任，并曾经负责管理企业家学者项目和校友理事会。他在学术上长期从事利率及货币政策、资本市场、投融资决策和金融创新的研究，大量研究成果发表在世界顶级的金融学杂志上；是所有顶级金融杂志的审稿人和多家金融杂志的编委。

       近年来，陈龙教授深度关注并投身互联网金融，任蚂蚁金服首席战略官，并任中国人民银行互联网金融研究中心副主任委员，中国互联网证券协会副主任委员，中国互联网保险协会副会长等职位。

主要研究领域

资本市场、金融创新、企业投融资决策

主要学术成果

Selected Publications:

• Corporate Yield Spreads and Bond Liquidity, with David Lesmond and Jason Wei,  Journal of Finance, 62 (2007), 119-149; ranked by Journal of Finance as one of the top ten most cited articles from Journal of Finance.
• The Expected Value Premium, with Ralitsa Petkova and Lu Zhang, Journal of Financial Economics, 87 (2008), 269-280.
• Expected Returns, Yield Spreads, and Asset Pricing Tests, with Murillo Campello and Lu Zhang, Review of Financial Studies, 21(3) (2008), 1297-1338.
• On the Reversal of Dividend and Return Predictability: A Tale of Two Periods, Journal of Financial Economics, 92(1) (2009), 128-151.
• On the Relation between the Credit Spread Puzzle and the Equity Premium Puzzle, with Pierre Collin-Dufresne and Robert Goldstein, Review of Financial Studies, 22(9) (2009), 3367-3409.
• Return Decomposition, with Xinlei Zhao, Review of Financial Studies, 22(12) (2009), 5213-5249; ranked by RFS as one of the most cited RFS papers published in 2009.
• Do Time-Varying Risk Premiums Explain Labor Market Performance? With Lu Zhang, Journal of Financial Economics, 99(2) (2011), 385-399.
• Dividend Smoothing and Predictability, with Zhi Da and Richard Priestley, forthcoming,Management Science.
• What Drives Stock Price Movements? With Zhi Da and Xinlei Zhao, leading articlein Review of Financial Studies, 26 (2013).
• Are Financial Constraints Priced? Evidence from Firm Fundamentals and Stocks, with Murillo Campello, Journal of Money, Credit, and Banking, 42 (2010), 1185-1198.
• On the Relation between the Market-to-Book Ratio, Growth opportunity, and Leverage Ratio, with Shelly Zhao, Finance Research Letters, 3(2006) 253-266.
• Mechanical Mean Reversion of Leverage Ratios, with Shelly Zhao, Economic Letters, 95 (2007) 223-229.

Working Papers：

• An Alternative Three-Factor Model, With Robert Novy-Marx and Lu Zhang
• What Moves Aggregate Investment? With Zhi Da and Borja Larrain
• Myopic Extrapolation, Price Momentum, and Price Reversal, with Claudia Moise and Xinlei Zhao; presented at EFA 2009 and WFA 2010
• Fresh Momentum, with Ohad Kadan and Kose Engin
• Inflation and Credit Risk, with Hui Chen