田轩

更新时间:2024-09-27 09:31

田轩,第十四届全国人大代表。现任清华大学学术委员会委员、国家金融研究院院长、五道口金融学院副院长、金融学讲席教授。

人物经历

教育背景

2008 波士顿学院 金融学 博士学位

2003 华盛顿大学 经济学 硕士学位

2001 北京大学 经济学 学士学位

工作经历

2014 至今 清华大学五道口金融学院金融学讲席教授,博士生导师

2018 至今 清华大学五道口金融学院副院长,学术委员会主任

2017 至今 教育部“长江学者”特聘教授

2021 至今 清华大学学术委员会委员

2021 至今 清华大学国家金融研究院副院长

2021 至今 清华大学智库中心管委会委员

2023 至今 清华大学国家治理研究院管委会委员

2008 - 2016 美国印第安纳大学凯利商学院,教授(终身教职)、副教授(终身教职)、助理教授

2024年6月,清华大学国家金融研究院院长。

担任职务

社会兼职

2023-2028 第十四届全国人大代表

2023 至今 国家自科基金委管理学部第九届专家咨询委员会委员

2020-2023 深交所第一届创业板并购重组委员会委员

2021-2023 深交所第一届创业板上市委员会委员

2016-2019 证监会上市公司并购重组委员会委员

兼任国家自然科学基金委管理学部第九届专家咨询委员会委员、中国财富50人论坛理事、中国金融40人论坛特邀成员和中国全球经济治理50人论坛成员。曾兼任深交所第一届创业板上市委员会委员与并购重组委委员、中国证监会第六届并购重组委委员和世界银行咨询专家。

期刊主编

2022– 至今 顾问主编,中国会计与财务研究

2021– 至今 主编,公司金融期刊

2020– 至今 编委会成员, 会计评论

2019– 2022 执行主编,中国会计与金融评论

2014 – 至今 副主编,管理科学

2018 – 至今 副主编,金融稳定期刊

2017 – 至今 副主编,中国经济评论

2014 – 2019 副主编,国际金融评论

2018 – 至今 主编,亚太金融研究期刊

2018 – 2020 副主编, 公司金融期刊

2016 – 2017 主编,亚太金融研究期刊创业金融与技术创新专刊

2016 – 2017 联席主编,国际金融评论创业金融与技术创新专刊

2015 – 至今 副主编,银行与金融期刊

2015 – 2018 副主编,金融评论

2015 – 2018 副主编,亚洲泛太平洋金融期刊

2013 – 2018 副主编,亚太金融研究期刊

研究领域

公司金融

创业投资

企业创新

股利政策

并购重组

学术论文

英文论文

[1] “The Causes and Consequences of Venture Capital Stage Financing,” 2011, Journal of Financial Economics, Vol. 101 (1), 132-159.

[2] “The Role of Venture Capital Syndication in Value Creation for Entrepreneurial Firms,” 2012, Review of Finance, Vol. 16 (1), 245-283.

[3] “Preparing the Equity Market for Adverse Corporate Events: A Theoretical Analysis of Firms Cutting Dividends,” 2012, (with Thomas Chemmanur), Journal of Financial and Quantitative Analysis, Vol. 47 (5), 993-972.

[4] “The Dark Side of Analyst Coverage: The Case of Innovation,”, 2013, (with Jie He)Journal of Financial Economics, Vol. 109 (3), 856-878.

[5] “Tolerance for Failure and Corporate Innovation,” 2014, (with Tracy Wang),Review of Financial Studies, Vol. 27 (1), 211-255.

[6] “Financial Development and Innovation: Cross Country Evidence,” 2014, (with Po-Hsuan Hsu and Yan Xu), Journal of Financial Economics, Vol. 112 (1), 16-135.

[7] “Communicating Private Information to the Equity Market before a Dividend Cut: An Empirical Analysis,” 2014, (with Thomas Chemmanur), Journal of Financial and Quantitative Analysis, 49(5-6), 1167-1199.

[8] “Corporate Venture Capital, Value Creation, and Innovation,” 2014, (with Thomas Chemmanur and Elena Loutskina), Review of Financial Studies 27, 2434-2473

[9] “Does Stock Liquidity Enhance or Impede Firm Innovation?” , 2014, (with Vivian Fang and Sheri Tice), Journal of Finance, Vol. 69 (5), 2085-2125.

[10] “Does Banking Competition Affect Innovation?”, 2015,(with Jess Cornaggia, Yifei Mao, and Brian Wolfe), Journal of Financial Economics, Vol. 115 (1), 189-209.

[11] “Disciplining Delegated Monitors: When Venture Capitalists Fail to Prevent Fraud by Their IPO Firms”, 2016, (with Gregory Udell and Xiaoyun Yu), Journal of Accounting and Economics, Vol. 61 (2-3), 526-544.

[12] “Location, Proximity, and M&A Transactions,” 2016, (with Ye Cai and Han Xia), Journal of Economics & Management Strategy, Vol. 25 (3), 688-719

[13] “Do Unions Affect Innovation?”, 2017, (with Daniel Bradley and Incheol Kim), Management Science, Vol. 63 (7), 2251-2271.

[14] “How do Foreign Institutional Investors Enhance Firm Innovation?” , 2017, (with Luong Hoang Luong, Fariborz Moshirina, Lily Nguyen, and Bohui Zhang),Journal of Financial and Quantitative Analysis, Vol. 52 (4), 1449-1490

[15] “What Affects Innovation More: Policy or Policy Uncertainty?”, 2017, (with Utpal Bhattacharya, Po-Hsuan Hsu, and Yan Xu), Journal of Financial and Quantitative Analysis, Vol. 52 (5), 1861-1901.

[16] “Bank Interventions and Firm Innovation: Evidence from Debt Covenant Violations,” (with Yuqi Gu and Connie Mao), 2017,Journal of Law and EconomicsVol. 60 (4). 637-671

[17] “Accessibility and Materialization of Firm Innovation,” (with Ning Jia), 2018, Journal of Corporate Finance, Vol. 48 (1), 515-541.

[18] “Do Antitakeover Provisions Spur Corporate Innovation? A Regression Discontinuity Analysis,” (with Thomas Chemmanur), 2018, Journal of Financial and Quantitative Analysis, Vol. 53 (2), 1-32.

[19] “How Does Hedge Fund Activism Reshape Corporate Innovation?” , 2018, (with Alon Brav, Wei Jiang, and Song Ma), Journal of Financial Economics, Vol. 130 (2), 237-264

[20] “Corporate Innovation along the Supply Chain,”, 2019, (with Yongqiang Chu and Wenyu Wang), Management Science,65(6), 2445–2466.

[21] “The Real Effect of Privatization: Evidence from China’s Split Share Structure Reform,” (with Yongxian Tan, Xinde Zhang, and Hailong Zhao), 2020, Journal of Corporate Finance, Vol. 64 (3), 1-23

[22] “Asymmetric Cost Behavior and Dividend Policy,” (with Jie He, Huan Yang, and Luo Zuo),2020, Journal of Accounting Research, Vol. 58 (4), 989-1021

[23]“Peer Monitoring, Syndication, and the Dynamics of Venture Capital Interactions: Theory and Evidence,”(with Onur Bayar and Thomas Chemmanur), 2020 Journal of Financial and Quantitative Analysis, Vol. 55 (6), 1875-1914

[24] “Financial Reporting Frequency and Corporate Innovation,” (with Renhui Fu, Arthur Kraft,Huai Zhang, and Luo Zuo), 2020, Journal of Law and Economics, Vol.63 (3), 501-530

[25]“Stock Market Liberalization and Innovation,” (with Fariborz Moshirian, BohuiZhang, Wenrui Zhang), 2021, Journal of Financial Economics, Vol.139 (3), 985-1014

[26] “Hard Marriage with Heavy Burdens: Organized Labor as Takeover Deterrents,” (withWenyu Wang), 2021, Review of Corporate Finance Studies, Vol. 10 (2), 306-346.

[27]“ How Does Human Capital Matter? Evidence from Venture Capital,” (with Lifeng Gu, Ruidi Huang, and Yifei Mao), Journal of Financial and Quantitative Analysis, Vol. 57 (6), 2063-2094.

[28] “Human-Robot Interaction: When Investors Adjust the Usage of Robo-Advisors in Peer-to-PeerLending” (with Ruyi Ge, Li Liao, and Eric Zheng), 2021,Information Systems Research, Vol 32 (3), 675-1097.

[29] “Does Customer-base Structure Influence Managerial Risk-taking Incentives?” (with Jie Chen, Xunhua Su, and Bin Xu), Journal of Financial Economics, Vol. 143 (1), 462-483.

[30] “Patent Quality, Firm Value, and Investor Underreaction: Evidence from Patent Examiner Busyness” (with Tao Shu and Xintong Zhan), Journal of Financial Economics, Vol. 143 (3), 1043-1069.

[31]“Do Place-based Programs Affect Local Innovation and Entrepreneurship?” (with Jiajie Xu), Review of Finance, Vol. 26 (3), 595-635.

[32]“Do Venture Capital Investors Learn from Public Markets?” (with Bibo Liu), Management Science, Vol. 68 (10), 7274-7297.

[33]“The Role of Human Capital: Evidence from Corporate Innovation,” (with Tong Liuand Yifei Mao), Journal of EmpiricalFinance, 2023, Vol. 74, 1-20.

[34] “Do Short SellersAffect Corporate Innovation? Evidence from a Policy Experiment,” (with Jie He and Xiao Ren), Review of Corporate Finance Studies,forthcoming.

[35] “The Real Effects of Shadow Banking: Evidence from China,” (with Guoqian Tu and Yichu Wang),ManagementScience, forthcoming.

[36] “Does Political UncertaintyAffect Venture Capital?” (with Yichu Wang and Kailei Ye), Review of Corporate Finance Studies, forthcoming.

[37] Journal of Empirical Finance, 2023,Vol.74.

中文论文

[38] “股权激励计划能促进企业技术创新么?” (与孟清扬合作), 2018, 南开管理评论(3), 176-190

[39] “金融科技与分析师市场” (与丁娜、金婧合作), 2020, 经济研究(9), 74-89

[40] “常态化防疫”阶段我国经济现状与基于科技的应对之策” (与陈卓、刘碧波合作), 2020,中国科学基金(6), 724-732

[41] “互联网技术普及下的金融市场与创新:基于全球视角下的检验” (与黄兆君合作), 2021,计量经济学报(3), 541-559

[42] “推进共同富裕的金融逻辑与路径研究”(与丁娜合作),2023,四川大学学报(哲学社会科学版)(246), 71-79

[43]“ 供应链金融与企业效率升级——来自上市公司公告与地方政策文件的双重证据”(与成程、徐照宣合作),2023,金融研究(6),132-149

[44]“中国高校创新成果转移及对创新的影响——以专利转让为例”(与刘春蕊合作),2023,管理科学学报(9),23-40

[45] “数字足迹与违约预测:基于消费信贷的证据“(与胡俊、李强、曾勇、刘嵩合作),管理科学学报,录用待刊

综述论文及章节

[46] “Finance and Corporate Innovation: A Survey,” (with Jack He), Asia-Pacific Journal of Financial Studies,47 (2), 165-212

[47] “China’s Venture Capital Market,” (with Zhaojun Huang), 2020, in The Handbook of China’s Financial System, Edited by Marlene Amstad, Guofeng Sun, and Wei Xiong, Princeton Press

[48] “Institutions and Innovation: A Review of Recent Literature,” (with Jie He), Annual Review of Financial Economics, forthcoming

[49] Stage Financing in Venture Capital,” (with Zhaojun Huang), 2023, in The Palgrave Encyclopedia of Private Equity, Edited by Douglas Cumming and Benjamin Hammer, Springer

主要成就

出版图书

专著译著

《创新的资本逻辑》,北京大学出版社, 2018

“Finance and Corporate Innovation: Advancing Innovation from Sustainable Growth: Implications for Asia,” (与 Bihong Huang and Bohui Zhang共同编著) , 2020, Edward Elgar Press

《风险投资,一部美国历史》(作者:Tom Nicholas, 哈佛大学), 中信出版社,2020

中国金融创新再出发》(合作者:黄益平林毅夫杨凯生、肖刚、沈艳、黄卓、郭凯),中信出版社,2020

《创新的资本逻辑》(第二版),北京大学出版社,2021

风险投资史》(塞巴斯蒂安·马拉比著), 浙江教育出版社,2022

《不完美的理性人: 公司金融通识课》, 机械工业出版社, 2023.

荣誉奖项

上海市第十六届哲学社会科学优秀成果奖学科学术优秀成果奖论文类二等奖, 2023

the Bureau van Dijk ( Moody’s Analytics) 公司金融领域最佳论文奖,2023 Australian 银行与金融会议, 2023

2023科睿唯安全球高被引科学家, 2023

2023年11月,荣誉“复旦管理学杰出贡献奖”。

爱思唯尔2021中国高被引学者, 2022

2021年中国十大最受尊敬商学院教授,《世界企业家杂志》, 2022

MIT亚洲会计年会最佳论文奖,2022

清华大学研究生精品课程(《公司金融》), 2022

北京市第十六届哲学社会科学优秀成果奖二等奖,2021

青年经济学家奖,2021

“商学院十大最受欢迎教授”称号,MBAChina,2021

教育部第八届高等学校科学研究优秀成果奖(人文社会科学)二等奖, 2020

詹森最佳论文奖 Jensen Prize (一等奖) in Journal of Financial Economics, 2019

Korean Investment & Securities Co., Ltd. Outstanding Paper Award in the 14th International Conference on Asian-Pacific Financial Markets, 2019

清华大学研究生精品课程(《公司金融》), 2019

国家杰出青年, 2018

卓越青年科学家, 2018

Korean Investment & Securities Co., Ltd. Outstanding Paper Award in the 13th International Conference on Asian-Pacific Financial Markets, 2018

第十六届“良师益友”奖,清华大学, 2018

青年教师教学优秀奖,清华大学,2018

北京市无党派人士建言献策优秀成果特等奖,2018

Samsung Securities Co., Ltd. Outstanding Paper Award in the 12th International Conference on Asian-Pacific Financial Markets, 2017

教育部“长江学者”特聘教授, 2016

中国管理学青年奖, 2016

“学术新人”奖,清华大学, 2015

第十五届“良师益友”奖,清华大学, 2016

Best Paper Award in the Delaware Corporate Governance Symposium, 2016

Honorable Mention, IRRC Institute Research Award, 2015

Kelley School of Business Research Excellence Award, 2015

Semifinalist for Best Paper Award in Asian FMA Annual Meetings, 2015

Kelley School of Business Research Excellence Award, 2014

Jensen Prize (2nd place) for the best paper published in 2011 in the areas of Corporate Finance and Organizations in Journal of Financial Economics, 2012

Kelley School of Business Research Excellence Award, 2012

Best Paper Award in Financial Institutions & Markets at FMA Annual Meetings, 2012

Semifinalist for Best Paper Award in Financial Institutions & Markets at FMA Annual Meetings, 2013

Semifinalist for Best Paper Award in Corporate Finance at FMA Annual Meetings, 2012

Semifinalist for Best Paper Award in Corporate Finance at FMA Annual Meetings, 2011

Semifinalist for Best Paper Award in Financial Institutions & Markets at FMA Annual Meetings, 2011

Indiana University CIBER Faculty Research Grant, 2011-2012

Nominated for the Trustee Teaching Awards at Indiana University, 2010

NBER Entrepreneurship Research Boot Camp Participant, NBER, 2008

McGraw-Hill/Irwin Best Corporate Finance Paper Award at Southern Finance Association Meetings, 2007

Best Doctoral Student Paper Award at Southwestern Finance Association Meetings, 2007

Doctoral Student Consortium Participant, Financial Management Association, 2007

Graduate Student Fellowship, Department of Finance, Boston College, 2003-2008

University Fellowship, Department of Economics, University of Washington, 2001-2003

Outstanding Student Fellowship, Beijing (Peking) University, 1997, Ranked the 3rd out of more than 15,000 high school students in Beijing in China’s National University Entrance Examination

会议演讲

2023: Fudan Management Academic Forum,Fudan University

2nd China Finance FrontierResearch Forum, Nankai University

1st China Corporate FinanceSummer Forum, Nankai University

2022:

China Entrepreneurs Forum (Tianjin)

The 7th International Conference on Fintech and Regulation (Virtual)

The 10th China Annual Meetings of Investment (Virtual)

The Greater China Area Finance Conference (Virtual)

The 8th “Jingshi” Scholar Forum (Beijing), Tsinghua University and Peking University

Asian Financial Management Meetings Doctoral Consortium (Virtual)

Digital Innovation and Financial Access for Enterprises (Virtual)

Fintech, Innovation, and Risk Management Summer Research Boot Camp (Virtual)

2021:

Annual Meetings of China Journal of Accounting Research

4thChina Accounting and Finance Conference (Virtual)

Advanced Research Institute at University of Mucus Forum (Virtual)

2020:

China Finance andAccounting Scholar Forum (Virtual)

Summer Research Boot Camp on CorporateFinance and Financial Intermediation (postponed)

15th International Conference on Asia-Pacific Financial Markets Doctoral Consortium

2019:

10th Asia Pacific Innovation Conference

China Accounting and Financial Innovation Forum

Summer Research Boot Camp on Corporate Finance and Financial Intermediation

Research Symposium on Accounting and Finance

14th International Conference on Asia-Pacific Financial Markets Doctoral Consortium

2018:

CAFM Conference, Seoul, Korea

Summer Research Boot Camp on Corporate Finance and Financial Intermediation, Tsinghua University and Hong Kong Polytechnic University

2017:

Ph.D. Forum, Australian Banking and Finance Conference, Sydney Australia

Inaugural Conference on Venture Capital for Chinese Young Scholars, East China University of Science and Technology

China Finance Review International Conference, Shanghai Jiaotong University

The 14th International Conference on Service Systems and Service Management, Dalian

Summer Research Boot Camp on EntrepreneurialFinance and Financial Intermediation,Tsinghua University, Hong Kong Polytechnic University, and University of International Business and Economics

2016:

Conference on the Macroeconomy of China and the World, Fudan University

International Finance and Monetary Policy Conference, Nottingham University (Ningbo)

SummerResearch Boot Camp on Entrepreneurial Finance and Financial Intermediation, Tsinghua University and Hong Kong Polytechnic University

Summer ResearchBoot Camp, Shanghai Jiaotong University

Conference on Chinese Capital Markets, Peking University

2015:

Research Camp for Young Scholars, TsinghuaUniversity and Peking University, Beijing China

2014:

CEAR/Finance Department Symposium at the Georgia StateUniversity 2014:

HKUST Entrepreneurship and FinanceConference, Hong Kong, China

2012:

Tsinghua International Corporate Governance Conference,Beijing, China

2011:

Canadian Conference on Economics of Entrepreneurship and Innovation, Kingston, Canada

教学经历

授课

客座教授

博士学位论文委员会主席

博士后

博士学位论文委员会委员

博士论文开题审查委员会外部成员

教学助理

校内外服务

欧洲管理与技术学院学术委员会委员, 2023-至今

国家自科基金重大项目“数字经济反垄断理论与政策研究”学术委员会成员,2022-2026

国家自然科学基金委重大专项项目“中国经济发展的理论与实践”专家指导组成员,2022-2026

国家自科基金委管理学部发展与战略咨询委员会委员2019-2021

Coordinator,Asia/Pacific Financial Management Association Ph.D. Consortium, 2018

咨询专家,世界银行, 2017

AdvisoryBoard Member, FMA Survey & Synthesis Series, 2016-2018

Finance Department Doctoral Committee, Kelley School of Business, 2013 – 2014

Finance Department Seminar Series Coordinator, Kelley School of Business, 2011 – 2013

Finance Department Undergraduate Committee, Kelley School of Business, 2010 – 2011;2013 – 2014

Judge for Kelley Global Scholar Case Competition, Kelley School of Business, 2014

Undergraduate Policy Committee, Kelley School of Business, 2013 – 2014

Research Policy Committee, Kelley School of Business, Indiana University, 2012 – 2013

Honors Program Committee, Kelley School of Business, Indiana University, 2011 – 2012

期刊评审

•评审联合主席:中国金融学术年会( CFRC) (2024、2023、2022)

•联合主席:五星金融会议(2022)

•评审联合主席:数字经济年会(2022)

•评审联合主席:中国金融前沿研究会议(2022)

•大会联合主席:RFS-PBCSFConference on Entrepreneurial Finance and Innovation Around the World (2015)

•评审委员会和会议主席:中国金融国际年会CICF (2023、2022、2021、2020、2019、2018、2017、2016、2014、2013)

•评审委员会成员:SFSCavalcade北美会议(2023,2012)

•评审委员会成员: GSU-RFSFinTech Conference (2023)

•以色列科学基金会评审(2023年)

•评审委员会成员: SummerInstitute of Finance (2023、2022、2021、2020、2019、2018、2017)

•评审委员会成员: NorthernFinance Association Meetings (2023, 2022, 2021, 2020, 2019)

•评审委员会成员:中国金融科技研讨会 (2024、2023、2022、2021、2019)

•评审委员会成员:中国金融学者研讨会 (2023, 2022, 2021, 2020, 2019, 2018)

•国家自然科学基金评审(2023、2022、2021、2020、2019、2018)

•“长江学者”奖励计划评审(2023、2022、2021、2020、2019、2018、2017)

•香港研究资助局外部评审(2023、2022、2021、2020、2019、2018、2017、2016、2015、2014、2013、2012、2011)

•奖项评审委员会成员: 成思危奖(2023、2021、2018)

•评审委员会成员,分会主席: 中国金融学术年会(CFRC)(2021、2019、2018、2017、2016)

•评审委员会成员:财务管理协会年会(2020,2019,2018,2017,2016,2015,2014,2013,2012,2011,2009,2008)

•评审委员会成员:西部金融协会年会(2019、2018、2017、2016、2015、2014)

•评审委员会成员:SFS亚太会议(2019、2018、2017、2016)

•联合主席:创业金融与金融中介暑期研究训练营(2019、2018、2017、2016)

•评审委员会成员:CUHK-RCFS企业融资与金融中介会议(2019)

•评审委员会成员:澳大利亚金融与银行会议(2018、2017)

•评审委员会成员:孙冶方金融创新奖(2018、2016、2015)

•评审委员会成员:中国金融评论国际会议(2018)

•评审委员会成员:欧洲金融协会年会(2017、2016、2015)

•评审委员会成员:MIT亚洲会计年会(2017)

•评审委员会成员:亚洲财务管理协会会议(2017、2016、2015、2014)

•中西部金融协会会议主席(2017年)

•评审委员会成员:金融经济与会计年会(2016、2015、2011)

•2015年新加坡教育部社会科学研究专题资助项目外部评审

•联合主席:RFS赞助的全球创业融资和创新会议(2015年)

•评审委员会成员:第七届欧洲银行中心会议(2015)

•加拿大社会科学与人文研究理事会外部评审员(2014、2013、2010)

•”Entrepreneurial Finance”书籍提纲审稿人,Gary Gibbons, Robert Hisrich, 和 Carlos Silva著,SAGE 出版社(2012)

•评审委员会:中西部金融协会会议(2009)

•评审委员会:东部金融协会会议(2008, 2007)

•”Venture Capital and Private EquityContracting: An International Perspective”审稿人,Douglas Cumming、Sophia Johan著,Elsevier出版社(2008年出版)

•项目委员会成员: Southern Finance Association年会(2007)

•FinanceDepartment Doctoral Committee, 凯利商学院, 2013 – 2014

•FinanceDepartment Seminar Series Coordinator, 凯利商学院, 2011 – 2013

•FinanceDepartment Undergraduate Committee, 凯利商学院, 2010 – 2011; 2013 – 2014

•Judge forKelley Global Scholar Case Competition, 凯利商学院, 2014

•UndergraduatePolicy Committee, 凯利商学院, 2013 – 2014

•ResearchPolicy Committee, 凯利商学院, 印第安纳大学, 2012 – 2013

•HonorsProgram Committee, 凯利商学院, 印第安纳大学, 2011 – 2012

人物事件

2024年9月23日,清华大学五道口金融学院在官网发布严正声明称,有不法分子冒用该院副院长、教授田轩的姓名及肖像、伪造身份信息实施违法活动。声明中表示,清华大学五道口金融学院副院长、教授田轩从未以任何方式开展所谓“五道口讲坛”“网络投资推介”活动,从未在社交平台发布过推荐股票、股市技术等信息。请广大公众提高警惕,甄别虚假信息,警惕诈骗行为,切勿上当受骗。如遇到上述或类似情况,请立即向公安机关报案或提供线索。

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