教材

张顺明  赵    华，金融经济学，2010，首都经济贸易大学出版社

潘吉勋  张顺明，经济均衡的数学原理，1997，吉林大学出版社

代表性论文

[2022] Yu Ji, Lina Shi and Shunming Zhang (2021), Digital Finance and Firm Bankruptcy Risk. Accepted Pacific-Basin Finance Journal (SSCI).

[2022] 叶志强、朱青青和张顺明(2021)，反倾销制裁对我国上市公司现金持有政策的影响研究，管理科学学报即将刊登

[2022] 邓晴元和张顺明(2021)，过度自信交易者与信息相关性暧昧的资产定价，系统工程理论与实践即将刊登

[2022] 朱艳阳、卢君生和张顺明 (2021)，智能化能对冲新能源汽车补贴退坡的影响吗? ---基于CGE模型的分析，系统工程理论与实践即将刊登

[2022] 王    磊、张鹏程和张顺明(2021)，高管社会网络与公司投资决策同伴效应，管理科学学报即将刊登

[2022] Junyong He, Helen Hui Huang and Shunming Zhang (2021), Correlation Ambiguity, Listing Choice, and Market Microstructure. Forthcoming Journal of Management Science and Engineering (SCI). https://doi.org/10.1016/j.jmse.2021.08.003.

[2022]梁    墨、李鸿翔和张顺明(2021)，基于ST预测的财务困境测度与股票横截面收益，中国管理科学即将刊登

https://kns.cnki.net/kcms/detail/11.2835.G3.20210323.0921.001.html

[2021] Zhiqiang Ye, Fangfang Zhang and Shunming Zhang (2021), Export Effect and Influence Mechanism of Foreign Ownership. International Review of Economics and Finance, 2021, 76, 258-276 (SSCI). https://doi.org/10.1016/j.iref.2021.06.006.

[2021] Helen Hui Huang, Yanjie Wang and Shunming Zhang (2021), Prudence Attitude and Limited Participation. Economic Modelling, 2021, 101 (4), 105534 (SSCI). https://doi.org/10.1016/j.econmod.2021.105534.

[2021] Helen Hui Huang, Hui Wang, Zexin Wei, Jiawei Xia and Shunming Zhang (2021), Restrictions of the Islamic Financial System and Counterpart Financial Support for Xinjiang. Journal of Systems Science and Information, 2021, 9 (2), 105-130.

[2021] 叶志强、张顺明和孟    磊 (2021)，对外持股对中国上市公司OFDI的影响及机制研究，系统工程理论与实践，2021，41 (4)，830-845

[2021] 王    磊、张鹏程和张顺明(2021)，上市公司现金股利政策的同伴效应研究，系统工程理论与实践，2021，41 (1)，1-14

[2021]张顺明和孙玉哲(2021)，暧昧环境下资产定价和流动性研究，计量经济学报，2021，1 (1)，172-200

[2020] 何俊勇、郭荣怡、张顺明和石丽娜(2020)，参数暧昧环境下投资决策与管制措施研究---基于随机禀赋与风险资产之间相关系数暧昧性的视角，管理科学学报，2020，23 (10)，1-20

[2020] 马长峰、陈志娟和张顺明 (2020)，基于文本大数据分析的会计和金融研究综述，管理科学学报，2020，23 (9)，19-30

[2020] Junyong He, Helen Hui Huang and Shunming Zhang (2020), Ambiguity Aversion, Information Acquisition, and Market Opacity. Annals of Economics and Finance, 2020, 21 (2), 263-329 (SSCI).

[2020] 郭荣怡、何俊勇、张顺明和蒋竹婧 (2020)，广义递归光滑暧昧环境下动态资产配置和资产定价研究，系统工程理论与实践，2020，40 (5)，1134-1146

[2019] 卢君生、张顺明和朱艳阳 (2019)，汽车购置税优惠政策应该常态化吗？---基于CGE模型的分析,系统工程理论与实践，2019，39 (8)，1917-1935

[2019] Hui Wang, Yanyi Wang and Shunming Zhang (2019), Numerical Simulation on Property Tax Reform: Evidence from China. Applied Economics, 2018, 51 (20), 2172-2194 (SSCI).

[2018] 石丽娜和张顺明 (2018)，暧昧环境中部分知情交易的资产定价，管理科学学报，2018，21 (12)，70-94

[2018] 张顺明、王彦一和王    晖 (2018)，房产税政策模拟分析----基于CGE，管理科学学报，2018，21 (8)，1-20

[2018] 郭荣怡、张顺明和纪    晨 (2018)，暧昧环境下的不对称信息更新与资产定价研究。系统工程理论与实践，2018，38 (7)，1633-1655

[2018] 何俊勇和张顺明 (2018)，在相关系数暧昧环境下的市场微观结构研究，中国管理科学，2018，26 (4)，139-154

[2017] 吴文博、张顺明和刘元春 (2017)，杠杆效应对期权定价的影响研究，系统工程理论与实践，2017，37 (3)，545-555

[2017] 何俊勇和张顺明 (2017)，光滑暧昧模型框架下的不透明交易和管制措施研究,管理科学学报，2017，20 (2)，76-93

[2017] Helen Hui Huang, Shunming Zhang and Wei Zhu (2017), Limited Participation under Ambiguity of Correlation. Journal of Financial Markets, 2017, 32, 97-143 (SSCI)

[2016] 张顺明、王彦一、陈之娴和依布拉音·巴斯提(2016)，暧昧与国际资产组合选择，系统工程理论与实践，2016，36 (10)，2465-2476

[2016] Jun Yu, Fangfang Zhang, Shunming Zhang, Zhongjun Zhang and Yanyang Zhu (2016), Validity of Sustainability Framework for China's Mining Cities - A Structural Equation Modeling Approach, Applied Economics, 2016, 48 (48), 4585-4605 (SSCI)

[2016] 王    晖、张顺明、周    睿和王彦一(2016)，个人收入税和消费税政策分析----基于CGE视角，系统工程理论与实践，2016，36 (1)，27-43

[2015] 魏文婉和张顺明(2015)，中国能源进口政策分析：基于CGE视角，系统工程理论与实践，2015，35 (11)，2755-2772

[2015] 石晓军、张顺明和Hiroshi Tsuji (2015)，软件外包的两阶段付款合同设计：考虑双边期权价值的纳什谈判方法与实证，管理科学学报，2015，18 (7)，1-12

[2014] Jiangfeng Li, Weifang Liu and Shunming Zhang (2014), The Risk Averse Newsvendor Problem from Rank-Dependent Expected Utility Approach, International Journal of Operational Research, 2014, 20 (3), 262-282

[2014] John Whalley and Shunming Zhang (2014), Parametric Persistence of Multiple Equilibria in an Economy Directly Calibrated to 5 Equilibria, Economic Modelling, 2014, 41 (1), 356-364 (SSCI)

[2014] 程  铖、石晓军和张顺明(2014)，基于Esscher变换的巨灾指数期权定价与数值模拟，中国管理科学，2014，22 (1)，20-28

[2014] Hui Huang and Shunming Zhang (2014), The Fundamental Theorem of Asset Pricing with Either Frictionless Or Frictional Security Markets, Journal of Mathematical Finance, 2014, 4 (4), 123-134

[2014] Xiaojun Shi and Shunming Zhang (2014), Trade Credit: The Interaction of Financing, Operations, Marketing and Default Risk, Review of Managerial Science, 2014, 8 (2), 225-248 (SSCI)

[2013] Jiangfeng Li, Qiong Wu, Zhiqiang Ye and Shunming Zhang (2013), Pessimistic Portfolio Choice with One Safe and One Risky Asset and Right Monotone Probability Difference order, Mathematical Problems in Engineering, 2013, Article ID 784275, 10 Page (SCI)

[2013] 石晓军、张顺明和Hiroshi Tsuji (2013)，激励相容框架下嵌入触发期权的软件外包付款合同设计，系统工程理论与实践，2013，33 (11)，2822-2830

[2013] Raymond Riezman, John Whalley and Shunming Zhang (2013), Metrics Capturing the Degree to Which Individual Economies Are Globalized, Applied Economics, 2013, 45 (36), 5046-5061 (SSCI)

[2013] 张顺明和余  军 (2013)，国有企业所得税与绩效目标的福利效应，数量经济技术经济研究，2013，30 (5)，3-17

[2013] Jingjing Ji, Zhiqiang Ye and Shunming Zhang (2013), Welfare Analysis on Optimal Enterprise Tax Rate in China, Economic Modelling, 2013, 33 (1), 149-158 (SSCI)

[2013] Zhuming Chen, Huali Yang and Shunming Zhang (2013), Pricing for Corporate Property Rights Transfer with Stochastic Markets, Journal of Systems Science and Systems Engineering, 2013, 22 (1), 52-72 (SCI)

[2013] 张顺明、叶志强和李江峰(2013)，我国制造业企业所得税最优统一税率研究----基于CGE技术分析，系统工程理论与实践，2013，33 (4)，840-852

[2013] Hui Huang, John Whalley and Shunming Zhang (2013), Multiple Nash Equilibria in Tariff Games, Applied Economics Letters, 2013, 20 (4), 332-342 (SSCI)

[2012] 王    磊、叶志强、孔东民和张顺明(2012)，投资者关注与盈余公告周一效应，金融研究，2012，34 (11)，193-206

[2012] Hui Huang, John Whalley and Shunming Zhang (2012), Exploring Policy Options in Joint Intertemporal-Spatial Trade Models Using an Incomplete Markets Approach. In General Equilibrium Global Trade Models (Edited by John Whalley), 2012, World Scientific Publishing Co.

[2012] Yao Li, John Whalley, Shunming Zhang and Xiliang Zhao (2012), The Higher Educational Transformation of China and Its Global Implications. In The Globalisation of Higher Education (Edited by Christine T. Ennew and David Greenaway), 2012, Palgrave MacMillan, Hampshire, UK, 135-162

[2012] Hui Huang, Xiaojun Shi and Shunming Zhang (2012), Constructing Multiple Equilibria Examples for Symmetric 3×2 CES/ LES Pure Exchange Economies, Acta Mathematica Scientia, 2012, 32B (6), 2411-2430 (SCI)

[2012] Hui Huang, Yiming Wang, John Whalley and Shunming Zhang (2012), A Simple Trade Model with An Optimal Exchange Rate Motivated by Current Discussion of A Chinese Renminbi Float, Modern Economy, 2012, 3 (5), 526-533

[2012] Xiaojun Shi and Shunming Zhang (2012), In Search of Redistribution-Effective Carbon Tax Regime, Computers and Industrial Engineering, 2012, 63 (3), 717-728 (SCI)

[2012] Xiaojun Shi, Hiroshi Tsuji and Shunming Zhang (2011), Introducing Managers’ Attitudes Heterogeneity into the Behavioral Risk-Scoring for Software Offshoring, Systems Research and Behavioral Science, 2012, 29 (4), 299-316 (SCI and SSCI)

[2012] John Whalley, Jun Yu and Shunming Zhang (2012), Trade Retaliation in a Monetary-Trade Model, Global Economy Journal, 2012, 12 (1), Article 2

[2011] John Whalley and Shunming Zhang (2011), Modelling State-Owned Enterprise Behavioural Responses to Trade Reforms: Some Analytics and Numerical Simulation Results Using Chinese Data, in China’s Integration into the World Economy, Edited by John Whalley (2011) World Scientific Press, 361-390

[2011] John Whalley and Shunming Zhang (2011), A Numerical Simulation Analysis of Labour Mobility (Hukou) Restrictions in China, in China’s Integration into the World Economy, Edited by John Whalley (2011), World Scientific Press, 295-324

[2011] 叶志强  陈习定  张顺明(2011)，我国定期存贷款利率隐含波动率研究---基于无模型隐含波动率分析，管理科学学报，2011, 14 (9)，67-76

[2011] Hui Huang and Shunming Zhang (2011), The Distorted Theory of Rank-Dependent Expected Utility, Annals of Economics and Finance, 2011, 12 (2), 233-263 (SSCI)

[2011] Yitao Jiang, Xiaojun Shi, Shunming Zhang and Jingjing Ji (2011), The Threshold Effect of High-level Human Capital Investment on China’s Urban-Rural Income Gap, China Agricultural Economic Review, 2011, 3 (3), 297-320 (SSCI and SCI)

[2011] John Whalley and Shunming Zhang (2011), Tax Induced Multiple Equilibria, Applied Economics Letters, 2011, 18 (15), 1469-1477 (SSCI)

[2011] Hui Huang, Xiaojun Shi and Shunming Zhang (2011), Counter-Cyclical Substitution between Trade Credit and Bank Credit, Journal of Banking and Finance, 2011, 35 (8), 1859-1878 (SSCI)

[2011] Raymond Riezman, John Whalley and Shunming Zhang (2011), Distance Measures between Free Trade and Autarky for the World Economy, Economic Modelling, 2011, 28 (4), 2000-2012 (SSCI)

[2011] Jun Yu and Shunming Zhang (2011), Optimal Trade Policy in Tariff Games with Inside Money, Economic Modelling, 2011, 28 (4), 1604-1614 (SSCI)

[2011] Zhuming Chen and Shunming Zhang (2011), Optimal Timing and Equilibrium Price for SOE Property Rights Transfer under Imperfect Information, International Journal of Information Technology and Decision Making, 2011, 10 (2), 353-372 (SSCI and SCI)

[2011] Yao Li, John Whalley, Shunming Zhang and Xiliang Zhao (2011), The Higher Educational Transformation of China and Its Global Implications, The World Economy, 2011, 34 (4), 516-545 (SSCI)

[2011] 叶志强  陈习定  张顺明(2011)，金融发展能减少城乡收入差距吗？----来自中国的证据，金融研究，2011, 33 (2), 42-56

[2011] John Whalley and Shunming Zhang (2011), On the Arbitrariness of Consumption, Applied Economics Letters, 2011, Volume 18, Number 4, Pages 301-304 (SSCI)

[2011] Xiaojun Shi, Hiroshi Tsuji and Shunming Zhang (2011), Eliciting Experts' Perceived Risk of Software Offshore Outsourcing Incorporating Individual Heterogeneity, Expert Systems with Applications, 2011, Volume 38, Number 3, Pages 2283-2291 (SCI and SSCI)

[2010] 石晓军  张顺明 (2010)，经济周期中商业信用与银行借款替代行为研究，管理科学学报，2010年, 第13卷，第12期，第10-22页

[2010] Xiaojun Shi and Shunming Zhang (2010), Exploring Multiple Equilibria for Symmetric 2×2 CES / LES Pure Exchange Economies, Applied  Mathematics – A Journal of Chinese Universities, 2010, 25B (2), 137-154 (SCI)

[2010] Xiaojun Shi and Shunming Zhang (2010), An Incentive-Compatible Decision on Trade Credit Term Considering Default Risk, European Journal of Operational Research, 2010, 206 (1), 178-196 (SCI and SSCI)

[2010] 石晓军  张顺明 (2010)，商业信用、融资约束及效率影响——基于中国上市公司的实证研究，经济研究，2010, 45 (1)，102-114

[2009] 石晓军  张顺明  李  杰 (2009)，商业信用对信贷政策的抵消作用是反周期的吗？来自中国的证据，经济学季刊，2009, 9 (1)， 213-236

[2009] Hui Huang, John Whalley and Shunming Zhang (2009), Exploring Policy Options in Joint Intertemporal-Spatial Trade Models Using an Incomplete Markets Approach, Economic Theory, 2009, 41 (1), 131-145 (SSCI)

[2009] 张顺明  余  军 (2009)，内部货币与我国最优关税政策研究，经济研究，2009, 44 (2)，18-31

[2008] 石晓军  张顺明  朱芳菲  (2008), 多因素视角下商业信用期限决策的双层规划模型与实证研究，中国管理科学，2008, 16 (6)，112－122

[2007] John Whalley and Shunming Zhang (2007), A Numerical Simulation Analysis of Labour Mobility (Hukou) Restrictions in China, Journal of Development Economics, 2007, 83 (2), 391-410 (SSCI)

[2006] Housheng Chen, Xiaotie Deng, Ping Li and Shunming Zhang (2006), On Default Correlation and Pricing of Collateralized Debt Obligation by Copula Functions, International Journal of Information Technology and Decision Making, 2006, 5 (2), 483-493 (SCI)

[2006] Xiaotie Deng, Yonggeng Gu, Shouyang Wang and Shunming Zhang (2006), On Convergence of a Semi-analytical Method for American Option Pricing, Journal of Mathematical Analysis and Applications, 2006, 313 (1), 353-365 (SCI)

[2005] John Whalley and Shunming Zhang (2005), VAT Base Broadening When the Location of Some Consumption is Mobile, Economics Letters, 2005, 87 (2), 199-205 (SSCI)

[2004] Xiaotie Deng, Chunlei Xu and Shunming Zhang (2004), Dynamic Arbitrage-free Asset Pricing with Proportional Transaction Costs, in Progress in Economics Research, Volume 7 (Edited by Albert Tavidze), 2004, 95-111

[2004] Hui Huang and Shunming Zhang (2004), Propositions of Five Equilibria Examples for 3X2 CES / LES Pure Exchange Economies, International Journal of Information Technology and Decision Making, 2004, 3 (4), 583-604 (SCI)

[2004] Shunming Zhang, Shouyang Wang and Xiaotie Deng (2004), Portfolio Frontier with Different Interest Rates for Borrowing and Lending, Journal of Global Optimization, 2004, 28 (1), 67-95 (SCI)

[2002] Shunming Zhang, Chunlei Xu and Xiaotie Deng (2002), Dynamic Arbitrage-free Asset Pricing with Proportional Transaction Costs, Mathematical Finance, 2002, 12 (1), 89-97 (SSCI and SCI)

[2001] Shunming Zhang (2001), Discrete-time Stochastic Equilibrium with Infinite Horizon Incomplete Markets, Applied Mathematics - A Journal of Chinese Universities, 2001, 16B (2), 203-218 (SCI)

[2000] Xiaotie Deng and Shunming Zhang (2000), On the First Fundamental Theorems of Asset Pricing in General State Space without and with Transaction Costs, Intelligent Data Engineering and Automate Learning - IDEAL, 2000, 551-558 (SCI)

[1999] Shunming Zhang (1999), Existence of General Equilibrium for Stochastic Economy with Infinite-dimensional Commodity Space and Incomplete Asset Markets, Applied  Mathematics – A Journal of Chinese Universities, 1999, 14B (2), 177-190 (SCI)

[1999] Shunming Zhang and Zaihua Liu (1999), General Black-Scholes Model of Security Valuation, Acta Mathematica Scientia, 1999, 19 (3), 279-288 (SCI)

[1998] Shunming Zhang (1998), Existence of General Monetary Equilibrium, Asia-Pacific Journal of Operational Research, 1998, 15 (2), 203-224 (SCI)

[1998] Shunming Zhang and Yuyun Wang (1998), Finite Horizon Arbitrage-free Security Markets, Acta Mathematica Scientia, 1998, 18 (2), 203-211 (SCI)

[1998] Shunming Zhang (1998), Existence of General Equilibrium for Stochastic Economy with Incomplete Financial Markets, Applied Mathematics - A Journal of Chinese Universities, 1998, 13B (1), 77-94 (SCI)

[1996] Shunming Zhang (1996), Extension of Stiemke's Lemma and Equilibrium in Economy with Infinite-dimensional Commodity Space and Incomplete Markets, Journal of Mathematical Economics, 1996, 26 (2), 249-268 (SSCI)

NBER Working Papers

[2008] Yao Li, John Whalley, Shunming Zhang and Xiliang Zhao (2008), The Higher Educational Transformation of China and Its Global Implications, 2007, NBER working Paper 13849 (Issued on March 2008) and CIGI Policy Brief 3 (June 2008).

[2006] John Whalley and Shunming Zhang (2006), Modelling State-Owned Enterprise Behavioural Responses to Trade Reforms: Some Analytics and Numerical Simulation Results Using Chinese Data, NBER Working Paper No. 12780 (Issued on December 2006).

[2004] John Whalley and Shunming Zhang (2004), Inequality Change in China and (Hukou) Labour Mobility Restrictions, NBER Working Paper No. 10683 (Issued on August 2004).

CESifo Working Papers

[2009] John Whalley and Shunming Zhang (2009), On the Arbitrariness of Consumption in a Pure Marriage-Shopping Mall Model, CESifo Working Paper No. 2566, February 2009.

[2009] John Whalley, Jun Yu and Shunming Zhang (2009), Trade Retaliation in a Monetary-Trade Model, CESifo Working Paper No. 2526, January 2009.

[2005] Hui Huang, Yi Wang, Yiming Wang (2005), John Whalley and Shunming Zhang, A Trade Model with An Optimal Exchange Rate Motivated by Current Discussion of A Chinese Renminbi Float, The Area conference on Global Economy, CES-ifo, Munich, Germany (December 10 - 11, 2004), and CESifo Working Paper No. 1471, May 2005.

[2005] Hui Huang, John Whalley and Shunming Zhang (2005), Trade Liberalization in a Joint Spatial Inter-Temporal Trade Model, The Area conference on Global Economy, CES-ifo, Munich, Germany, January 2004, and CESifo Working Paper No. 1463 (Category 7: Trade Policy), May 2005.

[2005] Raymond Riezman, John Whalley and Shunming Zhang (2005), Metrics Capturing The Degree to Which Individual Economies Are Globalized, CES-ifo Workshop on “Dissecting Globalization” (Venice Summer Institute), July 21-22, 2004, and CESifo Working Paper No. 1450 (Category 7: Trade Policy), April 2005.

研究项目

[01] 2022年01月--2025年12月“概率扭曲、有限参与和非线性定价规则”国家自然科学基金面上项目(批准号：72173125)

[02] 2021年07月--2024年06月“构建金融有效支持实体经济着力点的体制机制研究”国家社会科学基金重点项目(经济学，批准号：21AZD028)[石晓军主持]

[03] 2018年01月--2021年12月“相关系数暧昧环境下有限参与与不对称信息”国家自然科学基金面上项目(批准号：71773123)

[04] 2016年01月--2019年12月“宗教利息观、对口援疆与新疆经济稳定发展的研究—基于CGE视角”国家自然科学基金面上项目(批准号：71573220)

[05] 2014年01月--2016年12月“现代行为决策理论与方法及其在经济和金融科学的应用”中国人民大学重大基础研究计划(批准号：14XNL001)

[06] 2013年01月--2016年12月“私有内部信息条件下的两阶段做市定价规则研究”国家自然科学基金面上项目(批准号：71273271)

[07] 2012年07月--2015年06月“经济结构调整中的通胀预期管理研究”国家社会科学基金重点项目(批准号：12AZD058) [张成思主持]

[08] 2009年01月--2012年12月“金融决策理论与行为金融研究”国家杰出青年科学基金(批准号：70825003)

[09] 2008年01月--2010年12月“我国地区间收入分配差异与劳动力转移的经济增长效应分析”教育部人文社会科学重点研究基地重大项目(批准号：07JJD790145) [陈建宝主持]

[10] 2007年07月--2010年06月“国际贸易对中国经济增长的影响”国家社会科学基金重点项目(批准号：07AJL002)

[11] 2006年09月--2009年08月厦门大学王亚南经济学特聘教授研究基金

[12] 2001年01月--2003年12月“具有摩擦资产市场无套利资产定价分析” 国家自然科学基金青年基金(批准号：70003002)

[13] 1998年01月--1999年12月清华大学小林实经济研究基金

[14] 1997年07月--2001年07月“金融数学、金融工程及金融管理”国家自然科学基金“九五”重大项目(批准号：79790130) [彭实戈主持]

学术奖励

2021年05月第十一届商务智能与金融工程国际会议(BIFE2021)和第二届金融科技国际会议(ICFT2021)暨管理科学与工程高端论坛优秀论文奖

2019年09月中国金融工程学会2019年优秀论文一等奖

2018年11月第十五届中国金融学年会优秀论文二等奖

2018年11月中国精品科技期刊顶尖学术论文 “杠杆效应对期权定价的影响研究”

2018年10月第十六届中国金融系统金融工程与风险管理国际年会优秀论文奖

2016年04月教育部“长江学者奖励计划”特聘教授(2015)

2015年04月中国金融工程学会2015年优秀论文一等奖

2013年02月中华人民共和国国务院政府特殊津贴

2009年12月 “新世纪百千万人才工程”国家级人选(2009)

2009年09月教育部高等学校科学研究优秀成果奖(人文社会科学)经济学三等奖

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1996年11月中国科学院院长奖学金一等奖