Assistant Professor in Finance
  • Ph.D in Finance, INSEAD, France/Singapore (2018)
  • M.S in Business Administration (Finance), Renmin University of China, Beijing, China (2013)
  • B.S in Financial Management, Renmin University of China, Beijing, China (2011)
  • Assistant Professor of Finance, Shanghai Advanced Institute of Finance, Shanghai Jiaotong University (Aug. 2018- Aug. 2023)
  • 2022, CFRC Best paper award- “Hiding Behind the Window Blinds: Strategic Trading under Portfolio Partial Disclosure.”
  • 2019, CFRC Best paper award “Impact of Liquidity Shocks on Stock Prices: Evidence from Chinese IPOs.”
  • 2019, National Natural Science Foundation of China (Junior) 国家自然科学基金青年基金项目主持
  • 2019, Shanghai Pujiang Talent Program 上海市浦江人才计划
  • 2013–2018, Recipient, Full scholarship, INSEAD PhD scholarship
  • 2011, Silver Medal in National “Challenging Cup” Business Plan Competition in China
  • 09/2021-06/2022 SAIF, Portfolio Management (9.3/10), Behavioral Finance (MBA&MF, 9.23&9.78/10)
  • 09/2020-06/2021 SAIF&Rochester joint program, Portfolio Management (9.85/10), Behavioral Finance (MBA&MF, 9.47&9.69/10)
  • 09/2019-06/2020 SAIF, Portfolio Management (9.34/10), Behavioral Finance (MBA&MF Elective, 9.13&9.5/10)
  • 11/2018-06/2019 SAIF, Behavioral Finance (MBA&MF Elective, 9.32&9.42/10)
  • 09/2016-10/2016 INSEAD, Financial Accounting Tutorial (MBA Core Course)
  • 09/2015-10/2015 INSEAD, Financial Markets and Valuation Tutorial (MBA Core Course)
  • 08/2015 INSEAD, Excel Workshop (Financial Modeling)
  • Empirical Asset Pricing
  • Behavioral Finance
  • Mutual Fund
  • Financial Intermediation
  • Retail Investors and Institutional investors
  • 2019, National Natural Science Foundation of China (Junior), RMB 190,000 (Principal Investigator)
  • 2019, Shanghai Pujiang Talent Program RMB 150,000 (Principal Investigator)
  1. Li, Jennifer Jie, Massimo Massa, Hong Zhang, and Jian Zhang. “Air pollution, behavioral bias, and the disposition effect in China.” Journal of Financial Economics142, no. 2 (2021): 641-673.
  2. Chen Zhuo, Chen Keqi, Li Jennifer. “Does air pollution amplify the spread of Covid-19? Evidence from Chinese cities, China Journal of Economics, 8, 3, 224-258, 2021.
  1. Kaniel, Ron, Jennifer Jie LI, Donghui Shi, and Qi Zhang. “Hiding Behind the Window Blinds: Strategic Trading under Portfolio Partial Disclosure.”  (January 22, 2022. Manuscript ready for submission).
    • 2022 China Financial Research Conference Best paper award of Asset Pricing
    • Conference presentations at 2021 China International Conference in Finance (Shanghai)
  2. Li, Jennifer Jie, Neil D. Pearson, and Qi Zhang. “Impact of Demand Shocks on Stock Prices: Evidence from Chinese IPOs.” (2021. Manuscript ready for submission).
    • 2019 China Financial Research Conference Best paper award of Asset Pricing
    • Conference presentations at 2019 China International Conference in Finance (Guangzhou)
    • National Natural Science Foundation of China (Junior): awards RMB 190,000
    • Shanghai Pujiang Talent Program: awards RMB 150,000
  3. Jennifer Jie Li, Li Liao, Siyuan Yang and Hong Zhang. “Predicting Crypto Crashes: An Anatomy of Financial (In)Stability on Blockchains.” (2022)
  4. Li, Jennifer Jie, Massimo Massa, and Hong Zhang. “Culture vs. Bias: can social trust mitigate the disposition effect?” (2020).
    • Conference presentations at AFA 2018 (Philadelphia), FMA Asia Pacific Conference 2017, Asian Finance Association Annual Conference 2017
  5. Li, Jennifer Jie. “An Anatomy of Arbitrageurs: Evidence from Open-End Structured Funds.” (2018)
  6. Li, Jennifer Jie. “Are Mutual Fund Investors Reluctant to Realize Their Losses? Trading Responses to Past Returns.” (2015)
  1. 2022: China International Conference in Macroeconomics (Shenzhen), China Financial Research Conference (Beijing)
  2. 2021: China International Conference in Finance (Shanghai)
  3. 2019: China Financial Research Conference (Beijing), China International Conference in Finance (Guangzhou), WRDS Advanced Research Scholar Program
  4. 2017: Wharton–INSEAD PhD Consortium, China International Conference in Finance (Hangzhou)
  5. 2016: Paris Financial Management Conference, China International Conference in Finance (Xiamen)
  • 2021: Fanhai International School of Finance & School of Economics, Fudan Univeristy
  • 2020: University of Western Australia
  • 2019: City University of Hong Kong, Tsinghua University, Renmin University, NYU Shanghai
  • 2018: AFA PhD Poster Session, 2018 (Philadelphia), Tsinghua University, Singapore Management University, Shanghai Advanced Institute of Finance, CKGSB, University of Melbourne, NYU Shanghai
  • 2017: PBC School of Finance, Tsinghua University, Hanqing Advanced Institute of Economics and Finance, Renmin University,