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Hui Zhu

Hui Zhu

Assistant Professor

Faculty of Business and Information Technology

Contact information

Energy Systems and Nuclear Science Research Centre (ERC) - Room 2082
North Oshawa
2000 Simcoe Street North
Oshawa, ON L1H 7K4

905.721.8668 ext. 5535

Research topics

  • Fixed-income Securities
  • Initial Public Offerings (IPOs)
  • Corporate Innovation
  • Corporate Social Responsibility
  • International Finance


Dr. Hui Zhu earned her PhD in Economics from Queen’s University in 2010. She is currently an Associate Editor for Journal of Asia Business Studies. Before joining the University of Ontario Institute of Technology, Dr. Zhu was an Assistant Professor at Cape Breton University in Sydney, Nova Scotia and also worked as a Postdoctoral Fellow in Finance at University of Calgary, Alberta.


  • Doctor of Philosophy (PhD) Queen's University, Kingston, Ontario
  • Master of Arts (MA) University of Victoria, British Columbia
  • Bachelor of Science North China Electric Power University, China

Courses taught

  • Equity Asset Analysis​
  • International Finance 
  • Corporate Finance I                                    
  • Corporate Finance II   
  • Intermediate Finance   

Research and expertise

  • fixed-income securities
  • initial public offerings (IPOs)
  • corporate Innovation and social responsibility
  • international finance
  • Won Best Paper Awards for the 7th European Business Research Conference in Rome, Italy (with Bin Chang)
  • Social Sciences and Humanities Research Council (SSHRC) Small Partnership Grant ($13,912)
  • Faculty of Business and Information Technology Summer Research Support ($1,000)
  • SSHRC Small Research Grant ($4,796)
  • Research Policy Grant, Cape Breton University ($16,000)

Editorial positions for scholarly journals

  • Associate Editor, Journal of Asia Business Studies


  • Selected refereed journal articles

    Baker, H. Kent, Yang Ni, Samir Saadi, and Hui Zhu, 2017, “Competitive Earnings News and Post-earnings Announcement Drift”, forthcoming International Review of Financial Analysis (accepted, 02/2017).

    Zhu, Hui and Steven Zhu, 2017, “Corporate Innovation and Economic Freedom: Cross-country Comparisons”, Quarterly Review of Economics and Finance 63, 50-65.

    Cai, Kelly and Hui Zhu, 2016, “The Market Reaction to Yankee and Rule 144ABond Offerings”, Journal of Multinational Financial Management 34, 1-17.  (Lead Article)

    Cai, Kelly and Hui Zhu, 2015, “Cultural Distance and Foreign IPO Underpricing Variations”, Journal of Multinational Financial Management 29, 99-114.

    Zhu, Hui and Kelly Cai, 2014, “Cultural Distance and Bond Pricing: Evidence in the Yankee and Rule 144a Bond Markets”, Journal of Financial Research 37, 357-384.

    Zhu, Hui, 2014, “Implications of Limited Investor Attention to Customer-Supplier Information Transfers”, Quarterly Review of Economics and Finance 54(3), 405-416.

    Basher, Syed Abul, Salem Nechi, and Hui Zhu, 2014, “Dependence Patterns across Gulf Arab Stock Markets: A Copula Approach”, Journal of Multinational Financial Management 25, 30-50.

    Li, Fuchun and Hui Zhu, 2014, “Testing Financial Contagion Based on a Nonparametric Measure of the Cross-Market Correlation”, Review of Financial Economics 23(3), 141-147.

    Yang, Minhua and Hui Zhu. 2014, “How Does Market Value Earnings Smoothing under Uncertainty”, Applied Financial Economics 24(20), 1335-1345.

    Gregory, Allan W. and Hui Zhu, 2014, “Testing the Value of Lead Information in Forecasting Monthly Changes in Employment from the Bureau of Labor Statistics”, Applied Financial Economics 24(7), 505-514.

    Prescott, Ryan, G. Cornelis van Kooten, and Hui Zhu, 2007, “The Potential for Wind Energy Meeting Electricity Needs on Vancouver Island”, Energy & Environment 18(6), 723-746.

  • Selected refereed book chapters

    John, Kose, Samir Saadi, and Hui Zhu. 2014. Liquidity Risk, in H. Kent Baker and Greg Filbeck, eds., Investment Risk Management (pp. 141-154), Oxford University Press.

  • Presentations

    Dr. Zhu’s research has been presented at:

    • International Conference on Innovation Studies in Tsinghua University, China, 2017
    • The 8th International Research Meeting in Business and Management, France, 2017
    • Midwest Financial Association Annual Conference, U.S., 2014, 2017
    • The 7th European Business Research Conference, France, 2016
    • Northern Financial Association Annual Conference, Canada, 2016
    • Paris Financial Management Conference, France, 2016
    • London Conference for the Journal of International Business Studies Special Issue on the Role of Financial and Legal Institutions in International Corporate Governance, U.K., 2016
    • Financial Management Association Annual Conference, U.S., 2012, 2014, 2015
    • 8th Annual Conference of the Academy of Innovation and Entrepreneurship, Canada, 2015
    • Multinational Finance Society Annual Conference, Italy, 2011; Turkey, 2013; Greece, 2015
    • Administrative Sciences Association of Canada (ASAC) Annual Conference, Canada, 2015
    • Eastern Financial Association Annual Conference, U.S., 2012, 2014, 2015
    • Atlantic Schools of Business Conference, Canada, 2013
    • Academy of International Business Annual Conference, Turkey, 2013
    • European Financial Management Association Annual Conference, U.K., 2013
    • Southern Financial Association Annual Conference, U.S., 2011, 2012
    • Asian Finance Association Annual Conference, Taiwan, 2012
    • Canadian Economics Association Annual Conference, Canada, 2008, 2009, 2010, 2011, 2012
    • Edwards Symposium on Financial Markets & Institutions, Canada, 2011
    • International Association for Business and Society Annual Conference, Canada, 2010
    • Far East and South Asia Meeting of Econometric Society Conference, Japan, 2009
    • Workshop on Data Revision in Macroeconomics Forecasting and Policy, Canada, 2008
    • Midwest Econometrics Group Annual Conference, U.S., 2008
    • International Policy Forum on Greenhouse Gas Management, Canada, 2005
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