Jie Gan

Professor Jie Gan holds a Ph.D. from MIT and is currently a Professor of Finance at Cheung Kong Graduate School of Business (CKGSB) and a former Associate Dean of Technology Innovation and Alumni Affairs. Prior to joining CKGSB, she was a professor in finance at Hong Kong University of Science and Technology and an assistant professor (tenure track) at Columbia Business School. She has published extensively on banking and finance in top academic journals. In 2011, she was the runner-up for the prestigious Brennan Award for Excellent Papers. Her research and teaching were featured in major media outlets, such as Wall Street Journal, Financial Times, and the Economist.

Professor Gan conducts a large-sample survey of about 3000 industrial firms every quarter. The resulting Business Sentiment Index (BSI) and the unique insights generated have been regularly reported by top media outlets, such as Wall Street Journal and FT. The time series of Professor Gan’s economic indices can be accessed through the Bloomberg terminal.

Professor Gan’s industry experience is in technology innovation. She has invested in and mentored five unicorn companies from their early stages. She is a co-founder of XbotPark in Dongguan Songshan Lake, China, considered the best tech incubator in China. She founded Zhixing Institute of Business Practices for Tech Entrepreneurs, which aims to systematically help tech founders enhance their business insights and abilities by combining highly practical teaching and coaching with tech incubation. From 2015 to the present, among companies invested in and mentored by Professor Gan, at least one company per year has been awarded by Time magazine as Best Invention of the Year.

In her leisure time, Professor Gan is an avid contemporary art collector. She is also active in promoting young artists worldwide, which to her resembles angel investing and tech incubation. She enjoys reading, watching movies, meditation, traveling, and fitness exercises, such as jogging, swimming, hiking, and Chinese martial art.

Education

• Ph.D., Massachusetts Institute of Technology, September 1999
• Master Diploma, Beijing University, People's Republic of China.
• B.S., Nanjing University, People's Republic of China.

Achievements

• Runner Up, Michael J. Brennan Best Paper Award, The Review of Financial Studies, 2011.
• Nominated for the Michael Gale Medal for Distinguished Teaching 2005, the highest honor awarded to a single faculty in the university.
• Franklin Prize for Teaching Excellence at Hong Kong University of Science & Technology (MBA teaching 2004 and 2008); Nominated for undergraduate teaching 2003 and 2004.
• Hong Kong RGC Competitive Earmark Research Grant, 2003 (HK$373,000), 2004 (HK$551,000), 2006 (HK$666,000); 2008 (HK$784,000).
• Faculty Research Award, Columbia University Center for Japanese Economy and Business, 2001-2002.
• Graduate Fellowship, Massachusetts Institute of Technology, 1993-1996, 1998-1999.
• “Best Graduate of the Year” (equivalent to summa cum laude), Nanjing University, 1991.

Selected Publications In Refereed Journals:

• Transparency, Price Informativeness, and Stock Return Synchronicity: Theory and Evidence(with Suditpo Dasgupta and Ning Gao), Journal of Financial and Quantitative Analysis, 45, 2010, pp. 1189-1220.
• Housing Wealth and Consumption Growth: Evidence from a Large Panel of Households, Review of Financial Studies23, 2010, pp. 2229-2267 (Lead article, RFS Brennan Award).
• A Nationwide Survey of Privatized Firms in China (with Guo and Xu), Seoul Journal of Economics21, 2008, pp. 311-331.
• Monopoly and Information Advantage in the Market for Residential Mortgages(with Timothy Riddiough), Review of Financial Studies 21, 2008, pp. 2677-2703.
• The Real Effects of Asset Market Bubbles: Loan- and Firm-Level Evidence of a Lending Channel, Review of Financial Studies20, 2007, pp. 1941-1973.
• Collateral, Debt Capacity, and Corporate Investment: Evidence from a Natural Experiment,Journal of Financial Economics85, 2007, pp. 709-734
• Banking Market Structure and Financial Stability: Evidence from the Texas Real Estate Crisis in the 1980s, Journal of Financial Economics73, 2004, pp. 567-601.

Book Chapters:

• “Privatization in China: Experiences and Lessons,” in China’s Emerging Financial Markets: Challenges and Opportunities (J. Barth, J. Tatom, and G. Yago, 2008 eds.), The Milken Institute Series on Financial Innovation and Economic Growth.
• “Global Banking Regulation & Supervision: What Are the Issues and What Are the Practices?” (James Barth, Jie Gan, and Dan Nolle), in Focus on Financial Institutions and Services, Nova Science Publisher, 2004.