Academic Staff Zhang, Michael Xiaoquan（張曉泉）

Zhang, Michael Xiaoquan（張曉泉）

BA, BE, MSc (Tsinghua); PhD (MIT)

Professor

Contact

Department of Decisions, Operations and Technology

Room 918, 9/F
Cheng Yu Tung Building
12 Chak Cheung Street
Shatin, N.T., Hong Kong

+852 3943 7647

zhang@cuhk.edu.hk

Links

Personal Homepage

Google Scholars

LinkedIn Profile

Curriculum Vitae

Biography

Prof. Michael Zhang is a Professor at Department of Decisions, Operations and Technology at The Chinese University of Hong Kong. He holds a PhD in Management from MIT Sloan School of Management, an MSc in Management, a BE in Computer Science and a BA in English from Tsinghua University. Before joining the academia, he worked as an analyst for an investment bank, and as an international marketing manager for a high-tech company. He holds a US patent, and cofounded a quantitative hedge fund called Super Quantum Fund.

Prof. Zhang’s research interests are on issues related to creation, dissemination and processing of information in business and management contexts. His works study pricing of information goods, online advertising, innovation and incentives, and the use of artificial intelligence in financial markets. His research has appeared in American Economic Review, Management Science, Journal of Marketing, MIS Quarterly, Information Systems Research, Journal of MIS, Decision Support Systems, and Journal of Interactive Marketing. He has also been actively involved in professional services, including serving as a Senior Editor for Information Systems Research, an Associate Editor for Management Science, a Guest Associate Editor for MIS Quarterly.

Prof. Zhang offered advice to the following organisations: Hong Kong Cyberport, Jingdong Finance, Alibaba Group’s Lakeside (Hu Pan) University, Huawei, China Mobile, China Merchants Securities, Douban.com, and Radica Systems. He serves as an independent director for NASDAQ-listed e-commerce company Secoo (symbol: SECO)

Teaching Areas

PhD seminar in Economics of IS Research
Entrepreneurial Financing
FinTech
Strategic Value of Information Technology

Research Interests

Business Analytics
Digital Finance
Online advertising
Economics of Artificial Intelligence

  • Publications & Working Papers

    Publications

    Working Papers

    • C. Gao, H. Hong, X. Zhang, and Q. Ye, “Seeking Alpha or Seeking Noise? Attention Bias in Online Investment Communities.”
    • J. Liu, S. Pei, and X. Zhang, “Environmental Regulation and Political Corruption.”
    • M. Han, H. Shen, J. Wu, and X. Zhang, “AI Intensity and Firm Resilience: Evidence from Firm Performance under Disaster Shocks.”
    • Z. Fu, T. Lu, L. Zhang, and X. Zhang, “Market Uncertainties and Prediction of Rare Events: With an Application to Financial Market Crashes.”
    • B. Qian, T. Koh, and X. Zhang, “The Effect of Identity Disclosure on Online Community Participation: A Natural Experiment.”
    • H. Chi, S. Piramuthu, W. Zhou, and X. Zhang,”Self-Cannibalization of Durable Goods with Sharing: A Producer Perspective.”
    • A. Liu, X. Xu, X. Zhang, and X. Zhao, “Social Media and Financial Information Asymmetry: How Information Aggregation on Wikipedia Reduces Insider Trading Profitability.”
    • Y. Liu, L. Zhang, and X. Zhang, “Statistical Inference with Ambiguity.”
    • W. Shen, B. Peng, X. Zhang, H. Liu, R. Qian, Y. Hong, Z. Guo, Z. Ding, P. Lu and P. Tang, “Reinforcement Mechanism Design.”
    • P. Tang, Z. Wang, and X. Zhang, “Optimal Commitments in Auctions with Incomplete Information.”
    • L. Zhang, G. Lai, B. Yu, and X. Zhang, “Longevity Risk, Optimal Retirement, Consumption Choice, and Risky Investment Decision.”
    • D. Hu, X. Li and X. Zhang, “The Impacts of Geographic Dispersion on OSS Project Success: Face to Face vs. Virtual Collaboration.”
    • X. Zhang, Henry Qian, Alex Wang, and Monic Sun, “Perilous Randomized Experiments in Social Networks.”
    • N. Jia, S. Xu, and X. Zhang, “How Investors are Influenced by Social Media: A Large-Scale Field Experiment.”
    • X. Chen, A. Wang, and X. Zhang, “All Online Friends Are Not Created Equal: Discovering Influence Structure in Online Social Networks.”
    • A. Wang, X. Zhang, and  K. Tam, “Role Identity Salience and User Participation in Online Communities.”
    • K. Novoselov, C.C. Hsieh, and X. Zhang, “Do Questions Convey Valuable Information? An Empirical Investigation of Conference Calls.”
    • W. Wu, X. Zhang, and R. Zheng, “An Empirical Study on the Monitoring Role of Wikipedia in the Financial Market.”
    • W. Wu, W. Shi, X. Zhang, and R. Zheng, “Firm Performance and Information Dissemination: Evidence from Twitter.”
    • W. Wu, H. Xu, X. Zhang, and R. Zheng, “On the Inefficiency of Sponsored Search Auctions.”
    • T. Zhang and X. Zhang, “Corporate Campaign Contributions and Political Favoritism.”
    • E. Brynjolfsson and X. Zhang, “Producer Innovation Incentives and Revenue Distribution of Bundled Products.”
  • Awards and Honours

    Awards

    • CUHK Teaching Merit Award, 2019, 2020, 2021
    • Best Paper Award, Workshop on Information Systems and Economics (WISE), 2020
    • Service Award, Information Systems Research, 2016
    • Paper of the Year, MIS Quarterly, 2014
    • Associate Editor of the Year, Information Systems Research, 2015
    • Finalist, Franklin Prize of Teaching Excellence, HKUST, 2013
    • First Runner-up, Franklin Prize of Teaching Excellence, HKUST,  2012
    • Franklin Prize of Teaching Excellence, HKUST, 2009
    • Best Paper Nominee, ICIS, 2009
    • Best Paper Award, Journal of Interactive Marketing, 2009
    • 4th Annual PSU-SAP Doctoral Award, 2004

    Keynote Speaker

    • UBS Quant Conference, 2023
    • Inaugural Morgan Stanley MSQA Asia Investment Forum, 2023
    • Asia-Pacific Credit Outlook 2022 Conference
    • China Digital Industry Summit, 2021
    • International Conference on Smart Finance, 2020
    • Taiwan CIO Value Institute, 2019
    • Microsoft-Tsinghua AI Summit, 2019
    • 20th ZEW Summer Workshop for Young Economists: Digitized Economy and Novel Research Methods, 2018
    • UBS Asia Pacific Quant Conference, 2017
    • Global Artificial Intelligence and Robotics Summit, 2017
    • The 14th International Symposium on Financial System Engineering and Risk Management, 2016
    • International Conference on E-Commerce, 2012

    Other Honours

    • NET Institute Summer Research Support, 2012
    • Weilun Fellow, College of Fellows of HKUST, 2010-2017
  • Academic/Professional Services

    Managing Editor

    • SSRN ISN Journal: eBusiness & eCommerce.

    Senior Editor

    • Information Systems Research (ISR), 2017-Present
    • Information Systems Research (ISR) Special Issue on FinTech, 2018

    Associate/Area Editor

    • Information Systems Research (ISR), 2011-2016
    • Management Science, 2016-Present
    • Electronic Commerce Research and Applications (ECRA), 2011-2014
    • Production and Operations Management (POM), 2011-2014
    • Guest AE for Management Information Systems Quarterly (MISQ)
    • International Conference on Information Systems (ICIS), 2008-2011, 2013

    Conference Co-Chair

    • 15th Symposium of Statistical Challenges in E-Commerce Research (SCECR), 2019
    • China Summer Workshop on Information Management (CSWIM), 2011

    Track Co-Chair

    • Pacific Asia Conference on Information Systems (PACIS), 2010, 2017
    • International Conference on Information Systems (ICIS), 2012, 2014, 2016

    Programme Committee Member

    • China Summer Workshop on Information Management (CSWIM), 2007-2010, 2012-2016
    • ACM Conference on Electronic Commerce (ACM EC), 2008
    • International Conference on E-Commerce (ICEC), 2008-2016

    Referee

    • Management Science, MIS Quarterly, Information Systems Research, Journal of Management Information Systems, Marketing Science, Journal of Marketing, Journal of Marketing Research, Journal of Interactive Marketing, NSF, Operations Research, Production and Operations Management, European Journal of Operational Research, Journal of Institutional Economics, The Economic Journal, Electronic Markets, International Conference on Information Systems,International Conference on E-Commerce, Pacific Asia Conference on Information Systems, Americas Conference on Information Systems, ACM Ecommerce Conference

    CUHK Services

    • Associate Dean of Innovation and Impact (2018-2021)
    • Business School Executive Committee (2018-2021)
    • Department Executive Committee (2017-2021)
    • Department Academic Personnel Committee (2017-2021)

    Member

    • Institute for Operations Research and the Management (INFORMS)
    • Association for Information Systems (AIS)
    • American Economic Association (AEA)
    • American Finance Association (AFA)
    • Association for the Advancement of Artificial Intelligence (AAAI)
    • INFORMS Society for Marketing Science (ISMS)
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