Finance · Political Economy · State Capacity
Tongpu (Cynthia) Zhao
Ph.D. Candidate in Finance
Guanghua School of Management, Peking University
I study how political and administrative institutions reshape firms, markets, and public service provision. My work spans political economy, financial economics, public economics, and state capacity.

Research
Selected working papers
State capacity, healthcare human capital, insurance capital, and institutional change.
View research →Projects
Cross-field experiments
Luxury markets, artist–manager contracts, and alternative-asset market design.
View projects →Publications
Published work
Five journal articles in finance, insurance, energy economics, and environmental management.
View publications →Recent