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Professor Jason Zein

Professor Jason Zein

Professor
  • PhD, University of New South Wales
  • BCom (First Class Hons.),University of New South Wales
Business School
School of Banking and Finance

I am currently Professor of Finance at the UNSW Business School. I have been a visiting scholar at Oxford University and Vanderbilt university and also taught entrepreneurial finance at the University of Melbourne. My research interests include: corporate ownership and control around the world, incentives, venture capital, private equity and the financing of innovation. My research has been published in highly ranked finance journals such as the Journal of Finance, the Journal of Financial Economics and the Review of Financial Studies and has also been featured in the Harvard Business Review, Bloomberg News and Institutional Investor Magazine.

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Further information, including my CV, can be found at my personal web page:

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Phone
+61 2 9385 5875
Location
UNSW Business School - Ref E12 Level 3, Office 310
  • Book Chapters | 2015
    Masulis RW; Pham PK; Zein J, 2015, 'Chapter 7: Ownership and control in family business groups around the world', in Research Handbook on Shareholder Power, Edward Elgar Publishing, pp. 131 - 167,
    Book Chapters | 2015
    Pham PK; Zein J; Masulis R, 2015, 'Ownership and Control in Family Business Groups around the World', in Research Handbook on Shareholder Power, Edward Elgar Publishing, Edward Elgar Cheltenham United Kingdom and Edward Elgar Massachusetts USA, pp. 131 - 167,
  • Journal articles | 2024
    Balogh A; Wright D; Zein J, 2024, 'Does Stakeholder Outrage Determine Executive Pay?', The Review of Corporate Finance Studies, pp. cfae022,
    Journal articles | 2022
    Masulis R; Pham PK; Zein J; Ang A, 2022, 'Crises as Opportunities for Growth: The Strategic Value of Business Group Affiliation', Journal of Financial and Quantitative Analysis, forthcoming
    Journal articles | 2021
    Islam E; Rahman L; Sen R; Zein J, 2021, 'Eyes on the Prize: Do Industry Tournament Incentives Shape the Structure of Executive Compensation?', Journal of Financial and Quantitative Analysis,
    Journal articles | 2020
    Islam E; Zein J, 2020, 'Inventor CEOs', Journal of Financial Economics, 132, pp. 505 - 527,
    Journal articles | 2020
    Pham PK; Masulis R; Zein J, 2020, 'Family Business Group Expansion through IPOs: The Role of Internal Capital Markets in Financing Growth while Preserving Control', Management Science, 66, pp. 5191 - 5215,
    Journal articles | 2019
    Dou Y; Masulis R; Zein J, 2019, 'Shareholder Wealth Consequences of Insider Pledging of Company Stock as Collateral for Personal Loans', Review of Financial Studies,
    Journal articles | 2014
    Zein J, 2014, 'Filling the Capital Gap: The Financing Case for Crowd Sourced Equity Funding in Australia', Journal of Banking and Finance: Law and Practice
    Journal articles | 2013
    Deng H; Moshirian F; Pham PK; Zein J, 2013, 'Creating value by changing the old guard: The impact of controlling shareholder heterogeneity on firm performance and corporate policies', Journal of Financial and Quantitative Analysis, 48, pp. 1781 - 1811,
    Journal articles | 2012
    Suchard JC; Pham KP; Zein J, 2012, 'Corporate Governance and the Cost of Capital: Evidence from Australian Companies', The Bank of America Journal of Applied Corporate Finance, 24, pp. 84 - 93,
    Journal articles | 2011
    Masulis R; Pham P; Zein J, 2011, 'Family Business Groups around the World: Costs and Benefits of Pyramids', Review of Financial Studies, 24, pp. 3556 - 3600,
    Journal articles | 2007
    Li D; Moshirian F; Pham KP; Zein J, 2007, 'When Financial Institutions are Large Shareholders- The Role of Macro Corporate Governance Environments', Journal of Finance, 61, pp. 2975 - 3007
    Journal articles | 2004
    Martens M; Zein J, 2004, 'Predicting financial volatility: High-frequency time-series forecastsvis-a-vis implied volatility', Journal of Futures Markets, 24, pp. 1005 - 1028
  • Working Papers | 2022
    Pham P; Rastin S; Zein J, 2022, Do Incidental Encounters Strengthen Economic Ties? Evidence from Venture Capital Syndications,
    Working Papers | 2022
    Pham P; Razaei R; Zein J, 2022, Patient VCs vs. Deep-Pocketed Incumbents: VC Financing Strategies in the Presence of Competitive Threats,
    Working Papers | 2015
    Pham PK; Zein J; Qin S, 2015, Do Bilateral Investment Treaties Matter? Evidence from the Global M&A Market,
    Working Papers | 2015
    Pham PK; moshirian F; zein J; liu W, 2015, Why do Foreigners Become Blockholders? Theory and Evidence,
    Working Papers | 2014
    Zein J; Dinh H; Pham P, 2014, Technology Transfers through Mergers and Acquisitions,
    Working Papers | 2014
    Zein J; Lu M; Pham P; Moshirian , 2014, Does Corporate Governance Matter to Institutional Shareholders,
    Working Papers | 2014
    Zein J; Masulis , 2014, Control Rights and Corporate Governance: The Threat of Covenant Violation,
    Working Papers | 2013
    Zein J; Pham P; Masulis R; kwan A, 2013, Value at the End of the Tunnel: Business Groups in the M&A Market,
    Working Papers |
    Turner N; Zein J; Pham PK, Rush to Raise: Does Fundraising Pressure Incentivize Strategic Venture Capital Deal Pricing?, Elsevier BV, ,
  • Conference Papers | 2018
    Zein J; Rahman L; Islam E; Sen R, 2018, 'Employee Satisfaction and Corporate Innovation: Evidence from Quasi-Exogenous Natural Experiments', Tianjin, presented at China International Conference in Finance, Tianjin, 10 July 2018 - 13 July 2018
    Conference Papers | 2015
    Pham PK; Zein J; Masulis R, 2015, 'Internal Capital Markets in Family Business Groups during the Global Financial Crisis', in Internal Capital Markets in Family Business Groups during the Global Financial Crisis, Northern Finance Association, Lake Louise, Canada, presented at Northern Finance Association, Lake Louise, Canada, 18 September 2015 - 20 September 2015
    Preprints |
    Balogh A; Wright DJ; Zein J, Does Stakeholder Outrage Determine Executive Pay?,
    Preprints |
    Burt AP; Harford J; Stanfield JR; Zein J, Does a VC’s Commitment Lead to Improved Investment Outcomes? Evidence From Climate Startups,
    Preprints |
    Liu L; Zein J; Cai T; ZHANG H, Is ESG a managerial style?,
    Preprints |
    Masulis RW; Pham PK; Zein J, Family Business Groups around the World: Financing Advantages, Control Motivations and Organizational Choices,
    Preprints |
    Pham PK; Rezaei R; Zein J, Venture Capitalists vs. Deep-Pocketed Incumbents: Startup Financing Strategies in the Presence of Competitive Threats, ,
    Preprints |
    Pham PK; Seysan R; Zein J, Does Being In-Person Matter? Evidence from Venture Capital Syndication,

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  • Australian Research Council (ARC) Discovery Grant, Regional Financial Stability: Ownership Linkages of Financial Institutions and Propagation of Systemic Risk AUD $380,000, (2014-2017)
  • Australian Research Council (ARC) Linkage Grant, Ownership linkage and the functioning of interfirm capital markets during the Global Financial Crisis AUD $100,000, (2012-2013)
  • Australian Research Council (ARC) Discovery Grant, Venture Capitalist Networks and the Financing of Innovation, AUD $280,000, (2018-2020)
  • UNSW Business School Research Grants, $18,000, (2010)
  • UNSW Business School Research Grants, $13,000, (2005)

  • Best discussant, Financial Integrity Research Network (FIRN) Ph.D. Symposium, 2021
  • Winner, best paper in corporate finance/ financial economics, Financial Markets and Corporate Governance Conference, Melbourne, 2021
  • UNSW Business School Award for Excellence in Higher Degree Researcher (HDR) Supervision, 2020
  • UNSW Business School Award for Research Excellence, 2020
  • Winner, best paper in corporate finance/financial economics, Financial Markets and Corporate Governance Conference, Melbourne, 2018
  • Winner, best paper in corporate governance/social responsibility, 2018 Financial Markets and Corporate Governance Conference, Melbourne.
  • Winner, best paper in corporate finance at the 2009 Financial Management Association European Meeting

My Teaching

  • FINS1612 Capital Markets and Institutions
  • FINS3623 Venture Capital
  • FINS5512 Financial Markets and Institutions
  • FINS5523 Alternative Asset Classes