Lily Fang

INSEAD Associate Professor of Finance

Lily Fang is an Associate Professor of Finance at INSEAD, and currently a Visiting Associate Professor of Finance at the Sloan School of Management, MIT.

Professor Fang’s primary research interest is information markets, i.e., financial intermediation, financial institutions, and the media. She has published numerous studies on the incentives, behavior and performance of financial analysts, fund managers, and financial institutions in top academic journals such as the Journal and Finance, the Journal of Financial Economics, and the Review of Financial Studies. Her work on the relation between media coverage and the cross-section of stock returns received the prestigious Smith Breeden prize in 2009.

Based in Singapore since 2003, she contributed to the development of the INSEAD Singapore campus. At INSEAD Professor Fang teaches corporate finance, capital markets, valuation, and private equity in the MBA and executive programs. She has won the Dean's Commendation Award for Excellence in MBA Teaching, and has taught in and directed numerous executive programs.

Professor Fang obtained her PhD in Finance from the Wharton School, University of Pennsylvania. Prior to that, she studied mathematics, actuarial science and management science at Simon Fraser University in Vancouver.

Read case studies by Lily here.

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