Qiang Bu, Ph.D.

qiang_bu_photo.jpg
Associate Professor of Finance, School of Business Administration
Office Phone
Office Location
Olmsted Building, E356
E356 OLMSTED BLDG
PENN STATE HBG
MIDDLETOWN, PA 17057
Biography

Dr. Bu received his B.E. in China and M.S. in Finance at Texas A&M University. He holds a Ph.D. in Finance from the University of Massachusetts at Amherst. Dr. Bu has published in the Journal of Behavioral Finance, Managerial Finance, International Journal of Managerial Finance, Journal of Investing, Journal of Alternative Investments, Review of Accounting and Finance, Journal of Economics and Finance, Quarterly Journal of Finance and Accounting, Review of Behavioral Finance, Journal of Asset Management, Studies in Economics and Finance, Journal of Wealth Management, Financial Markets and Portfolio Management, Journal of Business and Economic Studies, Journal of Index Investing, American Journal of Business, Journal of Accounting and Finance, Journal of Finance and Accountancy, Advances in Investment Analysis and Portfolio Management, Problems and Perspectives in Management, among others. His research has won the Best Paper Award in the 2011 Northeast Business and Economics Association Annual Meeting, the Highly Commended Paper Award of the 2013 Emerald Literati Network Awards for Excellence, and the Outstanding Paper Award of the 2017 Emerald Literati Network Awards for Excellence. His research papers have been followed up with special reviews by domestic and international institutional investors. Dr. Bu has taught such courses as Corporate Finance, Advanced Corporate Finance, Risk Management of Financial Institutions, Commercial Bank Management, Financial Markets and Institutions, Principles of Insurance, and Business Statistics. In 2007, Dr. Bu received the Apple Polishing Award for his excellence in teaching.

Currently, Dr. Bu serves as the Associate Editor of the Journal of Business and Economic Studies. He is an Editorial Advisory Board member of the Review of Accounting and Finance and a Review Board Member of the Journal of Behavioral Studies in Business. In addition, Dr. Bu served on the program committees of the Financial Management Association, Eastern Finance Association, and Midwest Finance Association. He was an Editorial Board Member of two academic journals. Dr. Bu reviews papers regularly for academic journals, including the Applied Economics, Applied Financial Economics, Economic Modelling, Emerging Markets Finance and Trade, European Journal of Finance, Financial Innovation, Financial Markets and Portfolio Management, International Journal of Managerial Finance, International Review of Applied Financial Issues and Economics, Journal of Asset Management, Journal of Economics and Finance, Journal of Index Investing, Journal of Wealth Management, Managerial Finance, Review of Accounting and Finance, Review of Quantitative Finance and Accounting.

Research Interests

Mutual funds

Portfolio management

Behavioral finance

Publications

Qiang Bu, 2021. “Are all the sentiment measures the same?” Journal of Behavioral Finance, Forthcoming.

Qiang Bu, Jeffrey Forrest, 2021. “Comparing sentiment measures in mutual fund performance”, International Journal of Managerial Finance, Vol. 17, No. 3, pp. 478-493. 

Qiang Bu, 2021. “Mutual Fund Alpha: Is It Managerial or Emotional?” Journal of Behavioral Finance, Vol. 22, No. 1, pp. 46-55.

Qiang Bu, Odd Stalebrink, 2020. “Can fund sentiment beta predict future performance?” Journal of Asset Management, Vol. 21, pp. 524-534.

Qiang Bu, 2020. “Investor Sentiment and Mutual Fund Alpha”, Journal of Behavioral Finance, Vol. 21, No. 1, pp. 57-65.

Qiang Bu, 2019. “Risk Estimation Bias and Mutual Fund Performance”, Review of Behavioral Finance, Vol. 11, No. 4, pp. 426-440.

Qiang Bu, 2019. “Mutual Fund Alpha and Daily Market-Timing Ability”, Studies in Economics and Finance, Vol. 36, No. 3, pp. 662-681.

Qiang Bu, 2018. “Long-term Negative Fund Alpha: Is It Caused by Bad Skill or Bad Luck?” Financial Market and Portfolio Management, Vol. 32, No. 1, pp. 1-16.

Qiang Bu, 2017. “Do Persistent Fund Alphas Indicate Manager Skill?” Journal of Wealth Management, 2017, Vol. 20, No. 2, pp. 82-93.

Qiang Bu, Nelson Lacey, 2017. “Dynamic Liquidity and Mutual Fund Performance”, Journal of Investing, Vol. 26, No. 3: pp. 77-88.

Qiang Bu, 2017. “Mutual Fund Performance, Diversification, and Concentration”, Journal of Finance and Accountancy, Vol. 21, Issue 1, pp. 94-105.

Qiang Bu, Nelson lacey, 2016. “Reexamining Fund Manager Skill from a New Angle” Managerial Finance, Vol. 42, Issue 8, pp.746-762.

Qiang Bu, 2016. “Benchmarking Mutual Fund Alpha”, American Journal of Business, Vol. 31, Issue 4, pp. 227-239.

Qiang Bu, 2016. “Behind the Scenes of Mutual Fund Alpha”, Journal of Accounting and Finance, Vol. 16, No. 1, pp. 90-103.

Qiang Bu and Nelson Lacey, 2013. “What Drives Mutual Fund Flows: Profit or Panic?” Review of Accounting and Finance, Vol. 12, Issue 1, pp. 4-22.

Qiang Bu, 2012. “Exposing Management Characteristics in Mutual Fund Performance”, Journal of Index Investing, Vol. 2, No. 4, pp. 60-66.

Nelson Lacey and Qiang Bu, 2010. “On Understanding Bear Market Funds”, Journal of Alternative Investments, Vol. 13, No. 2, pp. 35-46.

Nelson Lacey and Qiang Bu, 2010. “Market Sentiment and Mutual Fund Trading Strategies”, Problems and Perspectives in Management, Vol. 8, No. 4, pp. 208-214.

Qiang Bu, 2010. “Do Mutual Fund Flows Time the Market?” Advances in Investment Analysis and Portfolio Management, Vol. 4, pp. 207-230.

Qiang Bu and Nelson Lacey, 2010. “Smart Money Meets Smart Size”, 2010, Journal of Asset Management, Vol. 10, No. 6, pp. 392-405.

Qiang Bu and Nelson Lacey, 2009. “On Understanding Mutual Fund Terminations”, Journal of Economics and Finance, Vol. 33, No. 1, pp. 80-99.

Qiang Bu and Nelson Lacey, 2008. “Do Mutual Funds Exhibit A Smart Money Effect?” Quarterly Journal of Finance and Accounting, Vol. 47, No. 1, pp. 53-68.

Qiang Bu and Nelson Lacey, 2007. “Exposing Survivorship Bias in Mutual Fund Data,” Journal
of Business and Economic Studies
, 2007, Vol. 13, No. 1, pp. 22-37.

Education

B.S.; M.S.; Ph.D. (Massachusetts)