PengCheng (Phil) Zhu, Ph.D.

Contact Information

PengCheng (Phil) Zhu, Ph.D.

PengCheng (Phil) Zhu, Ph.D.
Assistant Professor of Finance

Email |
Phone | (619) 260-2382
Office | Olin Hall 208

    Assistant Professor of Finance

    • Ph.D. Carleton University, Canada, Finance
    • MBA Carleton University
    • B.B.A. Shanghai Institute of Foreign Trade, China, Finance

    Dr. Zhu teaches courses in international financial management. His research focuses on cross-border mergers and acquisitions, corporate governance, and emerging market finance. He has published research articles in several journals including Journal of Corporate Finance, Financial Management, Journal of Multinational Financial Management, Emerging Market Review, Emerging Markets Finance and Trade, Strategic Management Journal, Journal of Business Research, Journal of International Management, and Journal of Educational & Behavioral Statistics. Dr. Zhu is a recipient of the Barclay Global Investor Canada Research Award in 2006.

    Before joining the faculty at USD, Dr. Zhu taught at the Eberhardt School of Business at the University of the Pacific, and the Sprott School of Business at Carleton University. He also worked as a business analyst in a global management consulting firm in Canada. Dr. Zhu is a Chartered Financial Analyst (CFA).

    Selected Current Research

    Conference Proceeding

    Deshpande, S.,Svetina, M.,Zhu, P. (2011). Cross-Border Acquisitions and Analysts' Earnings Forecasts. Papers & Proceedings of the 38th Annual AEF Meeting, 35

    Journal Article, Academic Journal

    Zhu, P.,Hilsenrath, P. (2014). Mergers and Aacquisitions in U.S. Retail Pharmacy. Journal of Health Care Finance (Summer), 2-20.

    Zhu, P.,Jog, V.,Otchere, I. (2014). Idiosyncratic Volatility and Mergers and Acquisitions in Emerging Markets. Emerging Market Review, 19

    Dutta, S.,Saadi, S.,Zhu, P. (2013). Does Payment Method Matter in Cross-border Acquisitions?. International Review of Economics and Finance, 25

    Gaur, A.,Malhotra, S.,Zhu, P. (2013). Acquisition announcements and stock market valuations of acquiring firms' rivals: A test of the growth probability hypothesis in China. Strategic Management Journal, 34 (2), 215-232.

    Malhotra, S.,Zhu, P. (2013). Paying for Cross-Border Acquisitions: The Impact of Prior Acquirers' Decisions. Journal of World Business, 48 (2), 271-281.

    Baker, K.,Dutta, S.,Saadi, S.,Zhu, P. (2012). Are good performers bad acquirers?. Financial Management, 41 (1), 95-118.

    Deshpande, S.,Svetina, M.,Zhu, P. (2012). Analyst Coverage of Acquiring Firms and Value Creation in Cross-Border Acquisitions. Journal of Multinational Financial Management, 22 (5), 212-229.

    Tse, K.,Zeng, R.,Zhu, P. (2012). Winner’s Curse or Loser’s Comfort: An Empirical Investigation into the Growth Strategies of State-Owned Enterprises and Private Firms in China. International Research Journal of Applied Finance, 3 (2), 206-231.

    Zhu, P.,Jog, V. (2012). Impact on Target Firm Risk-Return Characteristics of Domestic and Cross-Border Mergers and Acquisitions in Emerging Markets. Emerging Market Finance & Trade, 48 (4), 79-101.

    Bhagat, S.,Malhotra, S.,Zhu, P. (2011). Emerging country cross-border acquisitions: characteristics, acquirer returns and cross-sectional determinants. Emerging Market Review, 12 (3), 250-271.

    Malhotra, S.,Sivakumar, K.,Zhu, P. (2011). A comparative analysis of the role of national culture on foreign market acquisitions. Journal of Business Research, 64 (7), 714–722.

    Malhotra, S.,Sivakumar, S.,Zhu, P. (2011). Curvilinear relationship between cultural distance and equity participation: An empirical analysis of cross-border acquisitions. Journal of International Management, 17 (4), 316–332.

    Zhu, P. (2011). Persistent performance and interaction effects in sequential cross-border mergers and acquisitions. Journal of Multinational Financial Management, 21 (1), 18-39.

    Zhu, P.,Jog, V.,Otchere, I. (2011). Partial acquisitions in emerging markets: A test of the strategic market entry and corporate control hypotheses. Journal of Corporate Finance, 17 (2), 288-305.

    Jog, V.,Zhu, P.,Dutta, S. (2010). Impact of restricted voting share structure on firm value and performance. Corporate Governance: An International Review, 18 (5), 415-437.

    Malhotra, S.,Zhu, P.,Locander, W. (2010). Impact of host-country corruption on U.S. and Chinese cross-border acquisitions. Thunderbird International Business Review, 52 (6), 491-507.

    Zhu, P. (2009). Distance factors and target market selection: the moderating effect of market potential. International Marketing Review, 26 (6), 651-673.

    Thomas, R.,Zhu, P.,Zumbo, B.,Dutta, S. (2008). On measuring the relative importance of explanatory variables in a logistic regression. Journal of Modern Applied Statistical Methods, 7 (1), 21-38.

    Zhu, P.,Malhotra, S. (2008). Announcement effect and price pressure: An empirical study of cross-border acquisitions by Indian firms. International Research Journal of Finance and Economics, 13

    Thomas, R.,Zhu, P.,Decady, Y. (2007). Point estimates and confidence intervals for variable importance in multiple linear regression. Journal of Educational & Behavioral Statistics, 32 (1), 61-91.

    Malhotra, S.,Zhu, P.,Taco, R. Anchoring on the Acquisition Premium Decisions of Others. Strategic Management Journal

    Journal Article, Professional Journal

    Jog, V.,Zhu, P.,Dutta, S. (2006). One vote - one share. Canadian Investment Review

    Book, Chapter in Scholarly Book-New

    Zhu, P. (2012). Multinational Restructuring. Oxford University Press

    Zhu, P.,Dutta, S. (2011). Partial Acquisitions: Motivation and Consequences on Firm Performance. Wiley

    Jog, V.,Zhu, P. (2008). Thirty years’ Canadian evidence from stock splits, reverse stock splits, and stock dividends. World Scientific Publishing Company, 6