- Krell Chair Professor
- Bert W. Wasserman Department of Economics and Finance
Lin Peng is the Krell Chair Professor of Finance at Baruch College’s Zicklin School of Business, the City University of New York. She has extensive expertise in behavioral finance, social networks, ESG (Environmental, Social, and Governance), institutional investors, FinTech, and market structure. Professor Peng’s recent research focuses on utilizing big data, artificial intelligence, and machine learning techniques to analyze the role of social networks in financial markets. She is also interested in designing CEO incentive contracts encouraging corporate social responsibility.
Professor Peng’s research has been published in leading economics and finance journals, including the American Economic Review, Journal of Finance (lead article), Review of Financial Studies, Journal of Financial Economics, Journal of Financial and Quantitative Analysis, Review of Finance, Journal of Financial Intermediation, and Journal of Financial Markets. She has received Best Paper Awards at the International Conference on Smart Finance, The Driehaus Center for Behavioral Finance Research Prize, and the Chinese Finance Association Meetings, and her work has been featured by media outlets such as the Financial Times, Reuters, Institutional Investor, and the UCLA Anderson Review. She is a recipient of many research grants and awards, which include the UNPRI research grant, the Keynes Fund for Applied Economics Research Award, the Institute for Quantitative Research in Finance Research Award, Eugene-Lang Junior Faculty Research Fellowship, the PSC–CUNY Research Award, and Wasserman Summer Research Award.
Prof. Peng is a member of the Keynes Fund for Applied Economics management committee at the University of Cambridge and an associate editor for the Journal of Empirical Finance and Financial Management. She was previously a Director of Research and Visiting Professor at the University of Cambridge and a visiting professor at Columbia University. She has taught various courses at the undergraduate, master’s, and doctoral levels, including Investment Analysis, Social Finance, ESG and Sustainability, and Behavioral Finance, and has been honored with the Zicklin School’s Teaching Excellence Award.
Prof. Peng received an MA in Biology from Wesleyan University and a PhD in Finance from Duke University.
Retail Attention, Institutional Attention (Hongqi Liu, Lin Peng, and Yi Tang), Journal of Financial and Quantitative Analysis, Forthcoming. Best Paper Awards finalist, 2018 FMA Asia Pacific Conference.
Social Proximity to Capital: Implications for Investors and Firms (Theresa Kuchler, Yan Li, Lin Peng, Johannes Stroebel and Dexin Zhou). Review of Financial Studies, 2022, 35(6), 2743-2789.
Face Value: Trait Inference, Performance Characteristics, and Market Outcomes for Financial Analysts (Lin Peng, Siew Hong Teoh, Yakun Wang, and Jiawen Yan), Journal of Accounting Research, 2022, 60, 653-705. Featured in UCLA Anderson Review, Cambridge University News
Social Networks, Trading, and Liquidity (Lin Peng, Qiguang Wang and Dexin Zhou), Journal of Portfolio Management, 2022, 48 (6), 196-215
Investor Attention and Asset Pricing Anomalies (Lei Jiang, Jinyu Liu, Lin Peng, Baolian Wang), Review of Finance, 2022, 26 (3), 563-593.
Three book chapters: Market Makers, Market Liquidity, and The Structure of Security Markets (Lin Pend and Robert A. Schwartz). Encyclopedia of Finance, C.F. Lee, A.C. Lee. Editor, Springer 2021.
Resiliency and Stock Returns (Jian Hua, Lin Peng, Robert Schwartz and Sila Allen). Review of Financial Studies, 2020, 33(2), 747-782. Nominated for Best Paper Award, Financial Management Association Meetings 2017.
Liquidity Shocks and Market Reactions (with Turan Bali, Yannan Shen and Yi Tang). Review of Financial Studies, 2014, 27 (5), 1434-1485. Winner of TCFA Best Paper Award
Managerial Incentives and Stock Price Manipulation (with Ailsa Roell). Journal of Finance, 2014, 69, 487–526. (Lead Article)
The Impact of Joint Participation on Liquidity in Equity and Syndicated Bank Loan Markets (with Linda Allen and Aron Gottesman). Journal of Financial Intermediation, 2012, 21(1), 50-78.
Manipulation and Equity-Based Compensation (with Ailsa Roell). American Economic Review, 2008, 98(2): 285-90.
Executive Pay, Earnings Manipulation and Shareholder Lawsuits (with Ailsa Roell). Review of Finance, 2008, 12, 141-184.
Investor Attention, Overconfidence and Category Learning (with Wei Xiong). Journal of Financial Economics, 80, 2006, 563-602.
Learning with Information Capacity Constraints. Journal of Financial and Quantitative Analysis, 40, 2005, 307-329.
Keynes Fund for Applied Economics Research Award, University of Cambridge, 2021-ongoing
Krell Research Award, 2015–present
First Place Winner, Driehaus Center for Behavioral Finance Research Prize, 2023
Baruch Annual Cross-College Faculty Research Symposium Research Award, 2023
Finalist, PanAgora Quantitative Research Institute Crowell Prize, 2022
Best Paper Award, International Conference on Smart Finance, 2021
Principal Investigator, United Nations Principal of Responsible Investment Research Grant, 2019–2020
Seminalist, FMA Europe Best Paper Award 2019
Dean’s Summer Research Award, 2015, 2016, 2017, 2019, 2020, 2021, 2022
Wasserman Summer Research Award, 2011, 2012, 2013, 2014, 2015, 2016, 2022
Nominated for Presidential Excellence Award for Distinguished Scholarship, Baruch College, 2017
Nominated for Presidential Excellence Award for Distinguished Teaching, Baruch College, 2015
Outstanding Reviewer Award, Journal of Banking and Finance, 2015
Baruch College Faculty Recognition Award for research excellence, 2006–2009, 2013
The Chinese Finance Association Best Paper Award, 2012
Teaching Excellence Award, Zicklin School of Business, 2007
Dean’s Letter for Teaching Excellence, Zicklin School of Business, 2003, 2004, 2005
Institute for Quantitative Research in Finance (Q-Group) Research Award, 2006
Eugene M. Lang Junior Faculty Research Fellowship, 2005
Duke University Doctoral Fellowship, 1997-2002
PhD student fellowship, Wesleyan University, 1995-1997