Zhiqiang Zhang

Education

• 2000-2005 Ph.D., Management, Renmin Business School, Renmin University of China
• 1995-1997 Master, Management (Major in Finance), University of Leuven
• 1981-1985, Bachelor of Economics, Renmin University of China;

Experiences

• 1987–Present Teacher, Renmin University of China

Research Interests

Finance and Valuation

Courses

Financial Management, Option and Corporate Finance, Financial Statement Analysis, Corporation Value Assessment, Assessment of Real Options

Publications

Selected Academic Articles

• Zhang Zhiqiang, Debt Pricing, Equity Pricing, and Total Asset Pricing: A Unified Solution Model to the Discount Rate Problem [J], China Soft Science, 2018, Issue 4, 146-156.
• Zhang Zhiqiang, Stock Value Evaluation: Gordon Growth Model or ZZ Growth Model [J], Financial Issues Research, Issue 7, 2021, 74-83.
• Zhang Zhiqiang, Is Practice Ahead of Theory? Taking Financial Theory and Practice as an Example [J], Monthly Journal of Finance and Accounting, Issue 20, 2021, 129-133.
• Zhang Zhiqiang, Quantitative Model of Corporate Bankruptcy Risk and Its Application [J], Monthly Journal of Finance and Accounting, Issue 22, 2021, 21-28.
• Zhang Zhiqiang, On the Value Evaluation of Ordinary Bonds [J], Monthly Journal of Finance and Accounting, Issue 18, 2021, 29-36.
• Zhang Zhiqiang, Real Option Evaluation Research, China Financial and Economic Publishing House, May 2019.
• Sun Maozhu, Zhang Zhiqiang, Liu Dongming, Zhang Yuzhou, Intermediate Financial Management (New Series of Textbooks on Financial Management for the 21st Century), China Renmin University Press, February 2023.
• Zhiqiang Zhang, Mingxuan Yu, 2011, A Brief Discussion on the Reasonable Price-Earnings Ratio of Growth Enterprise Market, Research on Financial and Economic Issues, Vol.4
• Zhiqiang Zhang, June, 2010, On the financial conservatism, Research on Financial and Economic Issues, pp.100-106.
• Zhiqiang Zhang, Quanhai Zhao, June, 2010, Does an Positive perpetual growth rate exist?, Modern Finance and Economy, pp.48-58.
• Zhiqiang Zhang，June 2010, Certainty Equivalent, Risk Premium and Asset Pricing，Frontiers of Business Research in China.
• Zhiqiang Zhang, April, 2010, CAPM accounting for total risk, Management World, pp.177-178.
• Zhiqiang Zhang, Mingxuan Yu, April, 2010, Theoretical ratios and share valuation, Valuation in China, pp.24-28.
• Zhiqiang Zhang, Mingxuan Yu, April,2011, On the fair P/E of GEM， Research on Financial and Economic Issues, pp.68-73.
• Zhiqiang Zhang, 2009, The Theoretical Model of the Determination of the Equivalent, Management World, Vol.5.
• Quanhai Zhao, ZHiqiang Zhang, Joseph Giacalone, 2008, The Study of Relationship Between Trade Protection and Political Interests, Contemporary Finance & Economics, Vol.10.
• Zhiqiang Zhang, October, 2007, Option theory and corporate finance, Huaxia Publishing House.
• Zhiqiang Zhang, January, 2008, On the relationship of P/E and growth rate， Research on Financial and Economic Issues, pp.67-72。
• Does Positive Sustainable Growth Rate Really Exist?
• Determining the optimal capital structure based on revised definitions of tax shield and bankruptcy cost
• Certainty Equivalent, Risk Premium and Asset Pricing
• Theoretical Ratio Model and Stock Value Assessment
• Tax Saving Earnings, Bankruptcy Cost and Optimal Capital Structure

Monographs

• Option Theory and Corporate Finance
• ZZ Finance/Financial Discovery
• Advanced Finance: Theoretical Innovation and Decision-Making Application
• Finance: Fundamental problems and solutions

Books

• The Road to Digital Transformation of Black Cloud, 2021.
• Huishan Dairy Bankruptcy Risk Assessment, 2019;
• Haier's debt ratio, 2018;
• Haier's discount rate, 2017;
• Haier's growth rate, 2016;