歐陽輝(長江商學院金融學教授)

歐陽輝是長江商學院金融學傑出院長講席教授（Dean’s Distinguished Chair Professor of Finance）。

教授簡介

歐陽輝是長江商學院金融學傑出院長講席教授（Dean’s Distinguished Chair Professor of Finance）。曾任雷曼兄弟、野村證券和瑞士銀行董事總經理，負責過資產配置、信用衍生品定價以及alpha-beta 結構性產品等。歐陽在瑞銀主持開發了“跟蹤並跑贏亞洲通脹”、“巨觀信號引導的資產配置”和“大宗商品相對策略”等獨特產品。歐陽也曾被美國北卡大學授予終生教職和任杜克大學副教授，曾被評選為杜克大學2004級全球企業高管EMBA最佳教授，並曾榮獲2003年度 《金融研究評論》 雜誌最佳論文獎第二名及2005年度定量分析師協會最佳論文獎第一名（與Henry Cao合著）。

歐陽擁有美國加州大學伯克利分校金融學博士學位和美國杜蘭大學化學物理學博士學位。他還曾在美國加州理工學院從事化學物理學博士後研究，師從諾貝爾獎得主魯道夫·馬庫斯（Rudy Marcus）。

主要研究領域

資產定價

公司理財

資產定價與道德風險的混合模型

學術成就

• Barclays Global Investors/ Michael Brennan Runner-Up (Second Place) Award for the best paper published in Volume 16 of the Review of Financial Studies for "Optimal Contracts in a Continuous-Time Delegated Portfolio Management Problem"
  
• Outstanding Professor Award (Professor of the Year), Global Executive MBA, Fuqua Business School, Duke University, 2004
  
• The Society of Quantitative Analysts Award,2005 Western Finance Association Meetings for "Differences of Opinion of Public Information and Speculative Trading in Stocks and Options" (with H. Cao)
  
• The third place award for the best paper presented at the 2004 China International Finance Assiciation Meeting for "Differences of Opinion of Public Information and Speculative Trading in Stocks and Opinions" (with H. Cao)
  

主要學術成果

• "Feedback Trading between Fundamental Information and Non-fundamental Information", with M. Guo, Review of Financial Studies, Conditionally accepted.
  
• "A Model of Portfolio Delegation and Strategic Trading", with A. S. Kyle and B. Wei, Review of Financial Studies, 24, 3778-3812, 2011.
  
• "Differences of Opinion of Public Information and Speculative Trading in Stocks and Options", with H. Cao, Review of Financial Studies, 22, 299-335, 2009. (Placed third in the best paper award at CIFC in 2004 and judged best paper in the "most relevant to practitioners" category at WFA in 2005.)
  
• "Capital Structure, Debt Maturity, and Stochastic Interest Rates", with N. Ju, Journal of Business, 79, 2469-2502, 2006.
  
• "Estimation of Continuous-Time Models with an Application to Equity Volatility", with G. Bakshi and N. Ju, Journal of Financial Economics, 82, 227-249, 2006.
  
• "Prospect Theory and Liquidation Decisions", with A. S. Kyle and W. Xiong, Journal of Economic Theory, 129, 273-288, 2006.
  
• "Incentives and Performance in the Presence of Wealth Effects and Endogenous Risk", with M. Guo, Journal of Economic Theory, 129, 150-191, 2006.
  
• "An Equilibrium Model of Asset Pricing and Moral Hazard", Review of Financial Studies, 18, 1219-1251, 2005.
  
• "Optimal Contracts in a Continuous-Time Delegated Portfolio Management Problem", Review of Financial Studies, 16, 173-208, 2003. (Awarded the Barclays Global Investors/ Michael Brennan Runner-Up Award for the best paper published in Volume 16)