Start your brilliant career with a degree from Australia's #1 ranked university.


Find contact details for any general enquiries.

Engage with us

Find contact details for any general enquiries.

Study with us

Our graduates gain the knowledge and skills to lead organisations, develop public policy, create new companies and undertake research.

Our research

Our research is focused on issues that are highly significant for organisations, the Australian economy, and society at large.

Current Students

Whether you're a new or continuing student, you can find everything you need here about managing your program and the opportunities available to you.


Our alumni may be found in the world’s leading companies, policy agencies and universities.

Contact us

Find contact details for any general enquiries.

Staff directory

 Le Zhang

Le Zhang

Research School of Finance, Actuarial Studies & Statistics

Senior Lecturer
Email: Le.Zhang@anu.edu.au
Phone: +61 2 612 57300

Research areas

Corporate finance.


Le Zhang is a Senior Lecturer of Finance. He works at the intersection of corporate finance, investment, and political economy, with a focus on understanding how the frictions in financial market and institutions influence the corporate decision making. Le’s research won Pearson Prize for the Best Paper in Financial Management and has been published in top-ranked academic journals such as Review of Financial Studies, Journal of Financial Intermediation, Financial Management, Journal of Empirical Finance, and Pacific Basin Finance Journal.

View ORCID profile

Personal Website


Research publications

Monitoring the Monitor: Distracted Institutional Investors and Board Governance,” (with Claire Liu, Angie Low and Ronald Masulis), Review of Financial Studies, forthcoming.

Do Outside Directors with Government Experience Create Value?” (with Jun-Koo Kang), Financial Management, 2018, 47, 209-251. (lead article)

Who Captures the Power of the Pen?” (with Jiaxing You and Bohui Zhang), Review of Financial Studies, 2018, 31, 43-96.

 “Friendly Boards and Innovation,” (with Jun-Koo Kang, Wei-Lin Liu, and Angie Low), Journal of Empirical Finance, 2018, 45, 1-25. (lead article)

CEOs’Early-life Experiences and Corporate Policy: Evidence from China’s Great Famine,” Pacific Basin Finance Journal, 2017, 46, 57-77.

Monitoring Role of Customer Firms in Suppliers and its Effect on Supplier Value: Evidencefrom Block Acquisitions of Suppliers by Customer,” (with Jun-Koo Kang, Wei-Lin Liu, and Sangho Yi), Journal of Financial Intermediation, 2015, 24(4), 537-563.


Research grants and awards

Pearson Prize for the best paper in Financial Management, 2018

Best Paper Award (semi-finalist), Financial Management Association Annual Meeting, 2017

Best Paper Award, International Conference on Asia-Pacific Financial Markets, 2016

Best Paper Award, MIT Asia Conference in Accounting, 2014

Best Paper Award, International Conference on Asia-Pacific Financial Markets, 2011



Corporate Finance


Updated:   1 March 2017 / Responsible Officer:  CBE Communications and Outreach / Page Contact:  College Web Team