Dr. Fei Fang is an assistant professor of finance in the School of Management at Clark University. She earned her Ph.D. in Finance from the Isenberg School of Management at UMass Amherst. Dr. Fang’s research interests include sustainable investing, low-carbon investing, the circular economy, empirical asset pricing, options, and volatility risk. Her work explores asset pricing mechanisms and the influence of sustainability on mutual funds and options, aiming to enhance our understanding of capital markets. Her research has been published in journals such as Critical Finance Review, International Review of Financial Analysis, and Finance Research Letters. Dr. Fang’s teaching interests include investments, options, risk management, etc.

Fei Fang
Assistant Professor, School of Business
- About
- Scholarly and creative works
Degrees
- Ph.D. in Finance, University of Massachusetts Amherst, 2019
- M.A. in Economics, State University of New York, Buffalo, 2012
- M.A. in International Economics, Nankai University, 2010
- B.A. in International Economics and Trade, Nankai University, 2008
Affiliated Department
Scholarly and creative works
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The Cost of Misclassification in Mutual Funds
Published in Finance Research Letters2025Vol. 78 -
Why Do Insiders Sell Stocks After Receiving Options?
Published in Applied Economics2024 -
Climate Policy Regime Change and Mutual Fund Flows: Insights from the 2020 US Election
Published in International Review of Financial Analysis2024Vol. 96 -
Assessing the Circular Economy Funds: Performance, Fees, Risks, and Sustainability
Published in International Journal of Financial Studies2024Vol. 12Issue #2 -
Private Financing and the Circular Economy
Published in Resources, Conservation and Recycling2024Vol. 205 -
Sustainable Mutual Fund Performance and Flow in the Recent Years Through the COVID-19 Pandemic
Published in The International Review of Financial Analysis2022Vol. 84 -
Stock Return Autocorrelation and Individual Equity Option Prices
Published in Journal of Business Theory and Practice2021Vol. 9Issue #1 -
Asset Pricing with Liquidity Risk: A Replication and Out-of-Sample Tests with the Recent US and the Japanese Market Data
Published in Critical Finance ReviewDecember2019Vol. 8Issue #1-2