STEVEN XIAOFAN ZHENG, Ph.D.

Department of Accounting and Finance

I. H. Asper School of Business

University of Manitoba

Winnipeg, MB, Canada R3T 5V4

Tel.: (204) 474 7933

Fax: (204) 474 7545

Email: zhengxs@cc.umanitoba.ca

AREAS OF INTEREST

Teaching: Corporate Finance, Financial Markets and Institutions, Personal Financial Planning

Research: Corporate Finance, Financial Markets, Corporate Governance,

EDUCATION

Ph.D. in Finance State University of New York at Buffalo, 2003

Master in International Finance Southwestern University of Finance and Economics (China), 1997

Bachelor in International Finance Southwestern University of Finance and Economics (China), 1994

WORK EXPERIENCE

Apr. 2010 – Present, Associate Professor, University of Manitoba

Jul. 2002 – Mar. 2010, Assistant Professor, tenured in 2008, University of Manitoba

May 2002 – Jun. 2002, Instructor, State University of New York at Buffalo

Mar. 2002 – May 2002, Lecturer, State University of New York at Albany

Jun. 2001 – Jul. 2001, Instructor, State University of New York at Albany

Sep. 1997 – May 2001, Research Assistant, State University of New York at Buffalo

AWARDS

2006 The Associates’ Achievement Award on Research, Asper School of Business, University of Manitoba

PUBLICATIONS

Zheng, S. X., & Li, M., (2008). Underpricing, Ownership Dispersion, and Aftermarket Liquidity of IPO Stocks. Journal of Empirical Finance, 15(3), 436-454.

Zheng, S. X., & Stangeland, D. A., (2007). IPO Underpricing, Firm Quality, and Analyst Forecasts. Financial Management, 36(2), 45-64.

Zheng, S. X. (2007). Are IPOs Really Overpriced? Journal of Empirical Finance, 14(3), 287-309.

Zheng, S. X. (2007). Market Underreaction to Free Cash Flows from IPOs. The Financial Review, 42, 75-97.

Zhong, K., Gribbin, D. W., & Zheng, X. (2007). The Effect of Monitoring by Outside Blockholders on Earnings Management. Quarterly Journal of Business and Economics, 46(1), 37-60.

Zheng, S. X. (2006). Signaling and the valuation of IPOs: Regression tests. In Greg N. Gregoriou (Eds.), Initial Public Offerings: An International Perspective (297 – 309), Elsevier

Zheng, S. X., Ogden, J. P., & Jen, F. C. (2005). Pursuing Value Through Liquidity in IPOs: Underpricing, Share Retention, Lockup, and Trading Volume Relationships. Review of Quantitative Finance and Accounting, 25, 293-312.

Li, M., Zheng, S. X., & Melancon M. V. (2005). Underpricing, Share Retention, and the IPO Aftermarket Liquidity. International Journal of Managerial Finance, 1, 76-94.

EXTERNAL REVIEWER SERVICES

Acted as external reviewer for Journal of Banking and Finance, Journal of Financial Research, Financial Review, and Review of Quantitative Finance and Accounting.