University of Macau, Faculty of Business Administration
Dr. Tony Zhenjiang QIN (秦振江)2018-08-30T10:09:49+00:00

Dr. Tony Zhenjiang QIN

Assistant Professor in Finance

Faculty of Business Administration
University of Macau, E22
Avenida da Universidade, Taipa, Macau, China

Contact Information

Room: E22-4070
Telephone: (853) 8822-4838
E-mail: zhenjiangqin
  • Ph.D. in Finance, Aarhus University, Denmark, 2012
  • M.Sc. in Finance, Aarhus University, Denmark, 2010
  • M.Sc. in Probability and Statistics, Central South University, China, 2007
  • B.Sc. in Mathematics and Applied Mathematics, Central South University, China, 2004
  • Assistant Professor of Finance, Institute of Financial Studies, Southwestern University of Finance and Economics, (June 2012 – June 2014).
  • Associate Professor of Finance, Institute of Financial Studies, Southwestern University of Finance and Economics, (June 2014 – July 2017).
  • Assistant Professor of Finance, Faculty of Business Administration, University of Macau, (August 2017 – Present).
  • Undergraduate Courses
    • Advanced Financial Mathematics (FINC436/FINC4013)
    • Exotic Options and Structured Products (FINC437)
    • Financial Management (FINC210)
  • Asset Pricing
  • Influence of Market Frictions on Optimal Investment Strategies, funded by the Research Committee of Southwestern University of Finance and Economics, 2016-2017, Principal Investigator.
  • Achieving Pareto Equilibrium with Continuous Trading, funded by the Research Committee of University of Macau (SRG), 2018-2021, Principal Investigator.
  • Information Quality and Asset Pricing: The Implications of Heterogeneous Beliefs, funded by the Research Committee of University of Macau (MYRG), 2019-2022, Principal Investigator.
  1. Heterogeneous Beliefs and Information: Cost of Capital, Trading Volume and Investor Welfare (With Peter Ove Christensen). 2014. The Accounting Review, vol 89,page 209–242.
  2. Speculations in Option Markets Enhance Allocation Efficiency with Heterogeneous Beliefs and Learning. 2013. Journal of Banking and Finance,vol 37,page 4675–4694. Lead article.
  1. How to Squander Your Endowment: Pitfalls and Remedies, with Philip Dybvig. China International Conference in Finance (2015) and American Finance Association Annual Meeting (2016)
  2. Achieving Pareto Equilibrium with Continuous Trading. Taiwan Finance Association Annual Meeting in National Chengchi University, Taipei (2018)
  1. How to Squander Your Endowment: Pitfalls and Remedies, with Philip Dybvig. 2017.
  2. Continuous Trading Dynamically Effectively Complete Market with Heterogeneous Beliefs, 2017.
  3. An Equilibrium Model of Hedging with Transaction Costs, with Mark Loewenstein, 2017.
  4. Maintaining Cost and Ruin Probability, 2018
  • American Finance Association (AFA)
  • Financial Management Association International (FMA)