Phone: +33 (0)1 60 72 49 92
Financial Institutions, Private Equity, Analyst Research, Mutual/Hedge Funds, Media and Financial Markets
Corporate Finance, Private Equity, Alternative Investments
Banking and Insurance
Lily Fang is a Professor of Finance at INSEAD and the holder of the AXA Chair in Financial Market Risk. Professor Fang joined INSEAD in 2003. She is currently based in the European campus after being resident in the Asian campus for twelve years and contributing to the development of the Asian campus.
Professor Fang’s primary research interest is financial market information information. Specifically, she is interested in the role of financial intermediaries, financial institutions, and the media in producing and/or disseminating information. She has published numerous papers on the incentives, behavior and performance of financial analysts, fund managers, and financial institutions in top academic journals such as the Journal of Finance, the Journal of Financial Economics, and the Review of Financial Studies. Her work on the relation between media coverage and the cross-section of stock returns received the prestigious Smith Breeden prize for outstanding papers published in the Journal of Finance in 2009 and is one of the most cited papers published by the prestigious journal in recent years. Professor Fang has advised a number of large institutional investors on investment strategies.
At INSEAD Professor Fang teaches corporate finance, capital markets, valuation, private equity, venture capital and entrepreneurial finance in the MBA, EMBA, and Executive Education programmes. She has won the Dean's Commendation Award for Excellence in MBA Teaching numerous times, and has taught and directed numerous Executive Education programmes. Professor Fang has also been a Visiting Professor of Finance at the MIT Sloan School of Management where she won the Outstanding Teacher Award.
Professor Fang obtained her PhD in Finance from the Wharton School, University of Pennsylvania. Prior to that, she studied mathematics, actuarial science and management science at Simon Fraser University in Vancouver.