• United Kingdom

Accepting PhD Students

PhD projects

Hedge funds innovation and risk management; Real option and asset pricing; FinTech, Algorithmic trading and Online portfolio selection


Research output per year

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Personal profile

Personal Statement

Hai Zhang joined Strathclyde Business School in March 2017 and currently work as lecturer in Finance. Prior to that, Hai was fully funded by Economic and Social Research Council (ESRC) for his PhD research (2013-2016) at University of Glasgow.

Hai's research mainly focuses on the financing innovation in incomplete financial markets, and particularly its role of alleviating severe financing constraints for agents due to the asymmetric information. 

He is very willing to supervise suitably qualified PhD students in his fields of interest.

Some of Hai's works have been published in internationally recognized journals such as European Journal of Operational Research, Journal of Economic Dynamics and Control, The European Journal of Finance and Economics Letters.

He also acts as referee for different journals such as: European Journal of operational Research, International Review of Economics and Finance, Journal of Business Venturing, Journal of operational research society, and Quantitative Finance.

Education/Academic qualification

Doctor of Philosophy, Adam Smith Business School

1 Oct 201316 Oct 2016


  • Hedge Funds
  • Asset Pricing
  • FinTech
  • Online Portfolio Selection

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Research Output

Algorithmic trading for online portfolio selection under limited market liquidity

Ha, Y. & Zhang, H., 28 Apr 2020, In : European Journal of Operational Research. 286, 3, p. 1033-1051 19 p.

Research output: Contribution to journalArticle

  • Can crude oil serve as a hedging asset for underlying securities? - Research on the heterogenous correlation between crude oil and stock index

    Xu, S., Du, Z. & Zhang, H., 17 Jun 2020, In : Energies. 13, 12, 20 p., 3139.

    Research output: Contribution to journalArticle

    Open Access
  • 1 Downloads (Pure)


    Adam Smith Business School Prize for PhD excellence 2017

    Hai Zhang (Recipient), 1 Feb 2018

    Prize: Prize (including medals and awards)


    Outstanding reviewer-International Review of Economics and Finance

    Hai Zhang (Recipient), Jan 2018

    Prize: Prize (including medals and awards)


    • 10 Journal peer review
    • 4 Participation in conference
    • 1 Editorial board member
    • 1 Journal or guest editorship

    International Review of Economics and Finance (Journal)

    Hai Zhang (Peer reviewer)
    Mar 2020

    Activity: Publication peer-review and editorial work typesJournal peer review

    2019 Paris Financial Management Conference

    Hai Zhang (Participant)
    16 Dec 201918 Dec 2019

    Activity: Participating in or organising an event typesParticipation in conference