Lishu Zhang / 张郦姝.

PhD candidate in Economics, Tilburg University.


Welcome to my personal website.

I am a fourth-year PhD candidate in Economics at Tilburg University. My research interests lie broadly within Macroeconomics and Finance. My current research involves Climate Finance, International Economics, and Empirical Banking. I am supervised by Prof. Harry Huizinga, Prof. Harald Benink, and Dr. Louis Raes.

I am intrigued by how capital markets can contribute to the global public good problem of climate change. In my dissertation, I delve into financial markets’ responses to climate change, focusing on the international provision of brown financing. In three chapters, I investigate three forms of capital flows that go beyond country borders: share equity investment, direct investment of M&A, and bank lending. I reveal the extent of the international transfer of climate risks behind these capital flows.

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