Dr Song Zhang
Lecturer in Banking & Finance
Biography
Dr Song Zhang joined the University of St Andrews in August 2019 as a lecturer in Banking & Finance. He holds a PhD in Finance from the University of Surrey and a BSc in Biotechnology from Nanjing University. His research interests lie in the areas of banking, entrepreneurial finance, corporate finance and financial reporting. Song has published research papers in leading academic journals, such as the Journal of Accounting and Public Policy, British Journal of Management, Journal of Business Research, and International Small Business Journal, among others. His research has captured the interest of the media platforms, including the Harvard Law School Forum on Corporate Governance, the Oxford Business Law Blog (OBLB), the Phelan United States Centre at the London School of Economics and Political Science and has been featured by OpenSecrets (merged from the Center for Responsive Politics and the National Institute on Money in Politics). Song has also authored a chapter in The Oxford Handbook of Entrepreneurial Finance, published by the Oxford University Press. Moreover, his work has successfully attracted funding from the British Academy and the Leverhulme Trust.
Dr Song Zhang has accumulated teaching experience in the areas of financial accounting, financial management, corporate finance, business valuation, financial investment, risk management, research methods, etc. He is a member of the School Ethics Committee and served as the Undergraduate Admissions Officer for the School of Management.
Song welcomes applications for PhD study.
Teaching
Teaching 2025-2026
FI5616 Financial Statement Analysis and Valuation
FI5610 Risk Management
PhD supervision
- Waqas Anwar
- Ghada Gaballa
- Salma Ibrahim
- Halliru Ishaq
Selected publications
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For many firms, political relationships have a big influence on how they report financial results
Kallias, A., Kallias, K., Liu, J., Malikov, K. & Zhang, S., 1 Dec 2025, London School of Economics and Political Science.Research output: Other contribution
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Open access
Friendships to perish and friendships to cherish: corporate political tactic and earnings management method
Kallias, A., Kallias, K., Liu, J., Malikov, K. & Zhang, S., 11 Jun 2025, (E-pub ahead of print) In: British Journal of Management. Early View, 21 p.Research output: Contribution to journal › Article › peer-review
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Open access
The political logic of earnings management: how connection type determines method
Kallias, A., Kallias, K., Liu, J., Malikov, K. & Zhang, S., 30 Jul 2025, University of Oxford.Research output: Other contribution
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Open access
One size does not fit all: the conditional role of CEO education on IPO performance
Kallias, A., Kallias, K., Tsalkamas, I. & Zhang, S., 1 Mar 2023, In: Journal of Business Research. 157, 14 p., 113560.Research output: Contribution to journal › Article › peer-review
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Open access
Bank switching of US small businesses: new methods and evidence
Zhang, S., Han, L., Kallias, K. & Kallias, A., 4 Jan 2022, (E-pub ahead of print) In: Review of Quantitative Finance and Accounting. First Online, 44 p.Research output: Contribution to journal › Article › peer-review
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Open access
Can we trust the accounting discretion of firms with political money contributions? Evidence from U.S. IPOs
Kallias, A., Kallias, K. & Zhang, S., 14 Nov 2022, In: Journal of Accounting and Public Policy. 41, 6, 26 p., 106999.Research output: Contribution to journal › Article › peer-review
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Can We Trust the Accounting Discretion of Firms with Political Money Contributions? Evidence from U.S. IPOs
Kallias, A., Kallias, K. & Zhang, S., 25 Jul 2022, The Harvard Law School Forum on Corporate GovernanceResearch output: Other contribution
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Open access
The value of in-person banking: evidence from U.S. small businesses
Zhang, S., Han, L., Kallias, K. & Kallias, A., 27 Apr 2021, (E-pub ahead of print) In: Review of Quantitative Finance and Accounting. First Online, 43 p.Research output: Contribution to journal › Article › peer-review
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Open access
Why local banking market concentration hinders IPOs and how it can work to issuers’ advantage
Kallias, A., Kallias, K., Lu, G. & Zhang, S., 1 Nov 2021, In: Finance Research Letters. 43, 7 p., 101966.Research output: Contribution to journal › Article › peer-review
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Open access
Bank market concentration, relationship banking, and small business liquidity
Han, L., Zhang, S. & Greene, F., 1 Jun 2017, In: International Small Business Journal. 35, 4, p. 365-384Research output: Contribution to journal › Article › peer-review