人物生平
熊教授於2001年獲得杜克大學金融學博士學位,在此之前,他獲得中國科技大學物理學學士(少年班)和美國哥倫比亞大學物理學碩士學位。他現任美國普林斯頓大學金融學講座教授及經濟學教授,他還是美國國家經濟研究署研究員。
學術研究
熊教授是全世界金融界中最具影響力的研究學者之一,在國際學術圈及政府決策層中都發揮過重要影響力。他在世界頂尖經濟及金融雜誌發表過三十餘篇關於各類研究主題的論文,例如投機泡沫、金融危機、行為金融學、大宗商品金融化、中國金融市場等。他在金融泡沫方面的研究曾被美國主流媒體例如華爾街日報專題報導。
熊教授曾獲多項榮譽,包括美國金融學會2012年度史密斯·伯林頓最佳論文獎、美國西部金融學會2013年度納斯達克集團最佳論文獎、中國2015年首屆孫冶方金融創新獎、2018年中國經濟學獎。他於2016年出任美國金融學會旗幟期刊《Journal of Finance》聯合主編。
學術著作:
1. “Convergence Trading with Wealth Effects: An Amplification Mechanism in Financial Markets” Journal of Financial Economics, 2001, Vol. 62, pp. 247-292.
2. “Contagion as a Wealth Effect” (with Albert Kyle) Journal of Finance, 2001, Vol. 56, pp. 1401-1440. Roger Murray Prize in 2001 Q-group meetings.
3. “Overconfidence and Speculative Bubbles” (with Jose Scheinkman) Journal of Political Economy, 2003, Vol. 111, pp. 1183-1219. Reprinted in New Perspectives on Asset Price Bubbles, edited by Douglas D. Evanoff, George G. Kaufman and A. G. Malliaris, 2012, Oxford University Press.
4. “Asset Float and Speculative Bubbles” (with Harrison Hong and Jose Scheinkman) Journal of Finance, 2006, Vol. 61, pp. 1073-1117. Final list of the Smith Breeden Best Paper Award
5. “Investor Attention, Overconfidence and Category Learning” (with Lin Peng) Journal of Financial Economics, 2006, Vol. 80, pp. 563-602.
6. “Executive Compensation and Short-termist Behavior in Speculative Markets” (with Patrick Bolton and Jose Scheinkman), Review of Economic Studies, 2006, Vol. 73, pp. 577-610.
7. “Advisors and Asset Prices: A Model of the Origins of Bubbles” (with Harrison Hong and Jose Scheinkman), Journal of Financial Economics, 2008, Vol. 89, 268-287.
8. “What Drives the Disposition and Momentum Effects? An Analysis of a Recent Preference-Based Explanation” (with Nicholas Barberis), Journal of Finance, 2009, Vol. 64, 751-784.
9. “Heterogeneous Expectations and Bond Markets” (with Hongjun Yan), Review of Financial Studies, 2010, Vol. 23, 1433-1466.
10. “The Chinese Warrants Bubble” (with Jialin Yu), American Economic Review, 2011, Vol. 101, 2723-2753.
11. “Realization Utility” (with Nicholas Barberis), Journal of Financial Economics, 2012, Vol. 104, 251-271.
12. “Rollover Risk and Credit Risk” (with Zhiguo He), Journal of Finance, 2012, Vol. 67, 391-429 (lead article). 2012 Smith Breeden Prize (first prize).
13. “Dynamic Debt Runs” (with Zhiguo He), Review of Financial Studies, 2012, Vol. 25, 1799-1843.
14. “Index Investment and Financialization of Commodities” (with Ke Tang), Financial Analysts Journal, 2012, Vol. 68, 54-74.
15. “Delegated Asset Management, Investment Mandates, and Capital Immobility” (with Zhiguo He), Journal of Financial Economics, 2013, Vol 107, 239-258 (lead article).
16. “Wall Street and the Housing Bubble” (with Ing-haw Cheng and Sahil Raina) American Economic Review 104, 2014, 2797-2829.
17. “Why Do Hedgers Trade So Much?” (with Ing-haw Cheng), Journal of Legal Studies 43, 2014, S183-207.
18. “A Welfare Criterion for Models with Distorted Beliefs” (with Markus Brunnermeier and Alp Simsek), Quarterly Journal of Economics, 129 (4), 2014, 1711-1752.
19. “Informational Frictions and Commodity Markets” (with Michael Sockin), Journal of Finance, 2015.
20. “Credit Expansion and Neglected Crash Risk” (with Matthew Baron), Quarterly Journal of Economics, forthcoming.
所獲榮譽
2018年7月12日,北京當代經濟學基金會公告稱,深圳高等金融研究院院長熊偉獲得2018中國經濟學獎。