DBA Faculty

The W. P. Carey DBA faculty are among the leading scholars in their respective fields. They include top faculty members from Arizona State University and other leading business schools including Cornell, MIT, Yale and Texas A&M University.

* Denotes non-W. P. Carey or ASU faculty

Paul Burik*

Dr. Paul Burik received his PhD in finance from Kellogg School of Management, Northwestern University. He is currently the professor of practice at Shanghai Advanced Institute of Finance. He is also a founder of Strategic Asset Management Consulting. Prior to joining SAIF, he was managing director at Commerzbank, Partner, Director of Research at Ennis, Knupp Associates, Senior financial economist at Chicago Mercantile Exchange, and financial economist at Federal Reserve Board. Dr. Burik is an expert in Asset management, wealth management, risk management, strategy, and financial market regulation.

Chun Chang*

Dr. Chun Chang received his PhD in managerial economics and decision sciences from Kellogg Graduate School of Management, Northwestern University. He is the executive director of Shanghai Advanced Institute of Finance and professor of finance at Shanghai Jiao Tong University. He was an associate dean and the holder of ABN AMRO Chair in Risk Management at CEIBS. Professor Chang has taught at Carlson School of Management, University of Minnesota for 17 years. He is the first who came out of People’s Republic of China to be a finance professor in an American university. He is also the first scholar to return and work in China on a full time basis after becoming a tenured finance professor in an American university. He was the executive editor of China Economic Review, the leading academic journal on Chinese economy published in English. His current research interests are corporate finance, bank regulation and risk management, and international financial systems. His publications appear in Journal of Economic Theory, Journal of Finance, Review of Financial Studies, Journal of Monetary Economics, Journal of Business, Journal of Financial and Quantitative Analysis, to name a few. Dr. Chang published the bookCorporate Finance for Chinese Entrepreneurs in 2006 and Corporate Finance in 2008. From 2004 to 2009, he was also the executive editor of Chinese Economic Review, the authoritative international academic journal on China’s economy.

Bin Gu*

Phd, University of Pennsylvania

Professor Gu is currently associate professor of the department of information Systems in W. P. Carey School of Business Arizona State University. He previously taught at Department of Information, Risk, and operation management at the University of Texas at Austin. Professor Gu received his PhD and master degree from the Wharton School, University of Pennsylvania. He received his dual bachelor degree from Shanghai Jiaotong University School of Management in International Business and Computer Science.

Professor Gu’s research interest include e-commerce, online financial service, online social media, user-generated content, IT Business value and IT Governance. Professor Gu is currently serving as associate editor of international information system’s academic journals “Journal of Information Systems Research", "MIS Quarterly," " Information Systems Research – Special Issue on Social Media and Business Transformation". In 2012 Professor Gu received “Emerald Management Reviews Citations of Excellence Awards”, in the same year, Professor Gu received the "Journal of Retailing Top Cited Article”. In 2008, he was awarded “Information Systems Research Best Published Paper Award” from the American Association for Operations Research and Management Information Systems Research Branch. He was elected for conference co-chair for Workshop on Information Systems Economics 2011 and conference co-chair for Sixth Symposium on Statistical Challenge in Electronic Commerce Research 2010. He also served as member of INFORMS Conference on Information Systems and Technology committee. Professor Gu’s research had published in “scientific management", "Information Systems Research", "MIS Quarterly," "Journal of Management Information Systems," "Decision Support System", "Production and Operations Management", "retail journal", "Financial Services published research "and many other well-known international journals.

Buck Pei

Professor of Accountancy Ker-Wei (Buck) Pei currently serves on the Board of Directors of Baosteel Group, as chairman of the audit committee. Baosteel Group is a Fortune Global 200 company and is one of the largest steelmaker in the world.  Professor Pei also serves on the Board of Directors as Chairman of the nomination committee of Want-Want China Holding - one of the most recognized brands in China, Taiwan and Hong Kong. He also served as the chairman of Globalization Committee of the American Accounting Association in 1997 and as the President of Chinese Accounting Professors Association North America in 1993 and 1994. Professor Pei consults many multinational firms such as Motorola, Intel, Honeywell, Cisco and Bank of America on various projects relating to supply chain management, customer relationship management, business process reengineering, and e-business initiatives.

Professor Pei's research interests include strategic cost management, strategic innovations in information technology, supply chain integration, behavioral decision-making, and incentive design and performance measurement. He has recently published articles in such leading academic journals as Management Science, Decision Sciences, Auditing: A Journal of Practice & Theory, Accounting, Organization & Society, Organizational Behavior and Human Decision Processes, Journal of Information Systems, Journal of Behavioral Decision Making, and Journal of Economic Psychology. He has won a number of teaching awards at the W. P. Carey School, including: Outstanding Undergraduate Teaching Award in 1996, and Outstanding Graduate Teaching Award 1997. He also received a state-wide teaching excellence award - Arizona Teacher of the Year (1998) - from Arizona CPA Foundation for his curriculum innovations in accounting. Professor Pei received his PhD in accounting from University of North Texas in 1986.

Wei Shen

Wei Shen joined the W. P. Carey School in 2010 as an associate professor in the Management department. He received his PhD in strategic management from Texas A&M University. Before joining ASU, he served on the faculty of Rutgers Business School, the Warrington College of Business Administration at the University of Florida, and the SKOLKOVO Institute for Emerging Market Studies in Beijing. His research interests are in the areas of strategic leadership, corporate governance, organizational search, and research methodology. His works have been published inAcademy of Management Journal, Academy of Management Review, Strategic Management Journal, Corporate Governance: An International Review, Journal of Business Research, British Journal of Management, and Organizational Dynamics, and among others. He has served on the editorial boards of three leading journals in his field, Academy of Management Journal, Academy of Management Review, and Strategic Management Journal.

Wenlian Li

William Li is Eric Jing Professor of Supply Chain and Operations Department in the Carlson School of Management at the University of Minnesota. He received his Ph.D. in Statistics from the University of Waterloo in Canada. He had worked at Ford Motor Company prior to joining the Carlson School at the University of Minnesota. He has taught international executive MBA courses in different programs in Austria, China, and Poland and won several teaching awards. He is a Fellow of the American Statistical Association (ASA). His research articles have appeared in journals such as Journal of American Statistics Association, Technometrics, Journal of Quality Technology, Journal of Statistical Planning and Inference, and Neural Computation. Among his publications is a textbook "Applied Linear Statistical Models" (with Kutner, Nachtsheim, and Neter), 5th Edition, Irwin

Feng Li

Feng Li is a Professor of Accounting at Shanghai Advanced Institute of Finance (SAIF), and Deputy Dean for Non-Executive Programs and Director of Finance MBA Program. Professor Li was Harry Jones Associate Professor of Accounting with tenure, University of Michigan, from 2011 to 2015. Before that, Professor Li was the Ernst & Young Assistant Professor of Accounting in Stephen M. Ross School of Business, University of Michigan, from July 2004. Professor Li's research interest mainly lies in corporate disclosures and financial statement analysis. He has published widely in leading academic journals such as Journal of Journal of Accounting Research, Journal of Accounting and Economics, and Journal of Financial Economics. Professor Li also serves as reviewer of Accounting, Organization, and Society, Accounting Review, Contemporary Accounting Research, Journal of Accounting Research, Journal of Accounting and Economics, Journal of Finance, Management Science and Review of Accounting Studies. Feng Li holds a Ph.D. in Business Administration with a concentration in Accounting, Finance and Economics area (2005) from University of Chicago.

Sunil Wahal

Dr. Sunil Wahal received his PhD from University of North Carolina, and is now the Jack D. Furst Professor of Finance at Arizona State University. Prior to his ASU appointment, Professor Wahal was on the faculty (including area chair) at Goizueta Business School, Emory University, and at the Krannert School of Management, Purdue University. He is a consultant to Dimensional Fund Advisors, an asset management firm with over $200 billion under management. Professor Wahal’s research interests are in trading (market microstructure), delegated portfolio management, and trading strategies. He has published extensively in the leading academic journals such as Journal of Finance, Journal of Financial Economics, and Review of Financial Studies.

Jiang Wang*

Professor Jiang Wang received his PhD in Finance from Wharton School of Business, University of Pennsylvania in 1990 and his PhD in Physics in 1985 from the same university. Professor Wang is the Mizuho Financial Group Professor at Solan School of Management of MIT. Professor Wang's teaching and research interests are in security trading, option pricing, derivatives, and stock valuation. He published extensively in the leading academic journals such as Journal of Finance, Review of Financial Studies, Quarterly Journal of Economics, Review of Economic Studies, and Journal of Political Economy. He is currently an editor for four journals: Journal of Financial Markets, Quantitative Finance, Pacific-Basin Finance Journal, and International Review of Finance. Professor Wang also serves as a research associate of National Bureau of Economic Research (U.S.), member of Financial Advisory Roundtable of Federal Reserve Bank of New York, and a member of Financial Advisory Roundtable of NASDAQ Stock Market, Inc.

Ning Zhu*

Ning Zhu received his PhD in finance from Yale University.  He is a deputy director and professor of finance at the Shanghai Advanced Institute of Finance, a fellow at the Yale University International Center for Finance, and a special term professor of finance at University of California, Davis and at Guanghua School of Management at Beijing University. Prior to coming back to Asia, he was a tenured professor of finance at University of California. Professor Zhu is an expert on behavioral finance, investments, corporate finance, and the Asian financial markets. He has published numerous articles in leading journals in the finance, economics, management and legal fields. In addition to his academic research, Professor Zhu helps asset management companies in a wide range of capacities. During his leave from the University of California in 2008-2010, he implements his research into practice and leads the quantitative strategies and portfolio advisory teams at Lehman Brothers and Nomura International in Hong Kong, which was top ranked by leading institutional surveys. He also commands extensive consulting experiences advising government agencies, market regulators, stock and futures exchanges, and some of the largest institutional money managers and investment banks in the world.

Huibing Zhang

Ph.D, Economics, Duck Univeristy

Huibing Zhang is a Finance Professor in the School of Management at The University of Texas at Dallas、a researcher in TIAA-CREF Institute、a associate editor of the Journal of Financial Econometrics. He once was an Associate Professor in both Kenan-Flagler Business School at University of North Carolina at Chapel Hill and Graduate School of Industrial Administration at Carnegie Mellon University.

Professor Zhang’s research interests are Investments, Asset Pricing, Taxation and he published research paper in academic journals like Journal of Finance, Journal of Business, Review of Financial Studies, Journal of Econometrics. Based on his outstanding researching, he got Runner-Up Award in Barclays Global Investors/Michael Brennan for the best paper published in volume 14 of the Review of Financial Studies for “Optimal Consumption and Investment with Capital Gains Taxes,” in 2002. In the year of 2004, he received TIAA-CREF Paul A. Samuelson Award from a paper published on Journal of Finance writing on lifelong financial security. In addition, Professor Zhang once was the associate editor of Journal of Business & Economic Statistics.

Zheng Zhiqiang

Dr. Zheng Zhiqiang received his PhD in Information System Management from the Wharton School at the University of Pennsylvania. Heis currently a professor of both Information System department and Finance department atUniversity of Texas at Dallas. He focuses on the professional field of Applied Business Analysis, which includes medical analysis, social media analysis and financial analysis. Professor Zheng has published a series of papers regarding business analysis. Inthe recent four years, the amount of business analysis paper professor Zheng haspublished isin the top ten globally.

Hongquan Zhu

Dr. Zhu received his PhD in Strategy from University of Michigan. He is currently a professor in the department of Management and Entrepreneurship of W. P. Carey School of Business at Arizona State University. His research has been awarded the 2010 Global Management Association Annual Best Doctoral Dissertation Award (William H. Newman Award ). Professor Zhu servers as the editorial board member of Academy of Management Review, and Administrative Science Quarterly, and the Strategic Management Journal.