![](https://neoma-bs.com/sites/default/files/uploaded_images/profs-neoma_0.png)# ZHANG Zhou

 

 

 
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	 - [Home](https://neoma-bs.com/)
- ZHANG Zhou
 
  

 

    ![](/sites/default/files/styles/large/public/uploaded_images/photos_academ/30810-zhang-zhou.jpg?itok=YNypc230)ZHANG Zhou

 Assistant Professor

  

 <zhou.zhang@neoma-bs.fr> 

 

 

 

 - About
 - Academic publications
 
  

 

    [Finance](https://neoma-bs.com/departements/finance) 

    PhD, Finance 

 

Zhou Zhang is an Assistant Professor of Finance at NEOMA Business School. She holds a PhD in Finance from Warwick Business School, UK. She teaches Capital Budgeting and Financing, Corporate Finance and other selected topics in Corporate Finance at the Masters level. Her current research interests lie in the areas of real options, product market competition, corporate investment and disinvestment, production-based asset pricing and behavioural finance. Her research work has been accepted by major conferences, such as the European Finance Association (EFA) Annual Meeting, Annual International Real Options Conference, and International Conference of the French Finance Association (AFFI).

 

 ###  Areas of research 



- Product Market Competition
- Real Options
- Corporate Investment/Disinvestment
- Production-based Asset Pricing
- Managerial Optimism
 
  

 

##   Recent academic contributions  

 ZHANG, Z., "Exploring the nexus: Climate change concerns, renewable energy, and carbon emissions", *Journal of Environmental Management*, March 2025, vol. 376  DOI : [ 10.1016/j.jenvman.2025.124413 ](https://dx.doi.org/10.1016/j.jenvman.2025.124413)

  

 

 GUPTA, S., S. MODGIL, T. TUUNANEN, Z. ZHANG, I. ALI, "Blockchain‐Based Innovation in Platforms for User‐Centricity and Transparency", *R and D Management*, June 2025, vol. 55, no. 5, pp. 1683-1702  DOI : [ 10.1111/radm.12780 ](https://dx.doi.org/10.1111/radm.12780)

  

 

 ZHANG, Z., T. TRINH, B. ZHANG, "Long-term orientation and hedge fund activism" *NEOMA Business School Finance Research Seminar*. 2023, Paris, France 

 

 

 

##   Publications  

 ZHANG, Z., "Exploring the nexus: Climate change concerns, renewable energy, and carbon emissions", *Journal of Environmental Management*, March 2025, vol. 376  DOI : [ 10.1016/j.jenvman.2025.124413 ](https://dx.doi.org/10.1016/j.jenvman.2025.124413)

  

 

 GUPTA, S., S. MODGIL, T. TUUNANEN, Z. ZHANG, I. ALI, "Blockchain‐Based Innovation in Platforms for User‐Centricity and Transparency", *R and D Management*, June 2025, vol. 55, no. 5, pp. 1683-1702  DOI : [ 10.1111/radm.12780 ](https://dx.doi.org/10.1111/radm.12780)

  

 

 ZHANG, Z., "Competition, investment reversibility, and equity risk premium", *Journal of Banking and Finance*, September 2023, vol. 154  DOI : [ 10.1016/j.jbankfin.2023.106899 ](https://dx.doi.org/10.1016/j.jbankfin.2023.106899)

  

 

 ZHANG, B., Z. ZHANG, "Shining Light on Corporate Political Spending: Evidence from Shareholder Engagements", *International Review of Law and Economics*, June 2022, vol. 70  DOI : [ 10.1016/j.irle.2022.106047 ](https://dx.doi.org/10.1016/j.irle.2022.106047)

  

 

 

 

 

##   Conference contributions  

 ZHANG, Z., "Competition, Investment Reversibility and Stock Returns" in *37th International Conference of the French Finance Association (AFFI)*, 2021, Online, France 

 ZHANG, Z., "Competition, Investment Reversibility and Stock Returns" in *The 24th Annual International Real Options Conference*, 2021, Porto, Portugal 

 ZHANG, Z., "Product Market Competition, Investment Reversibility, and Stock Returns" in *European Finance Association Annual Meeting*, 2020, Virtual from Helsinki, Norway 

 WHALLEY, A., Z.ZHANG, "Optimism, Order and Timing of Entry in Duopoly" in *The 23rd Annual International Real Options Conference, 2019 Best Student Paper session*, 2019, London, United Kingdom 

 

 

 

##   Research seminars  

 ZHANG, Z., T. TRINH, B. ZHANG, "Long-term orientation and hedge fund activism" *NEOMA Business School Finance Research Seminar*. 2023, Paris, France 

 ZHANG, Z., "Optimism, Order and Timing of Entry in Duopoly" *NEOMA Business School Finance Seminar*. 2020, Virtual from Reims, France 

 ZHANG, Z., "Product Market Competition, Investment Reversibility, and Stock Returns" *Warwick Business School Finance Group Seminar*. 2019, Coventry, United Kingdom 

 WHALLEY, A., Z.ZHANG, "Optimism, Order and Timing of Entry in Duopoly" *Warwick Business School Finance Group Seminar*. 2017, Coventry, United Kingdom