Research Interest : Capital Market, Corporate Governance, IPO, Venture Capital and Private Equity, Fintech, One Belt and One Road Investment and Financing
教育背景 Education Background
2004.8-2008.8香港城市大學商學院金融學博士 (導師:張仁良教授)
Ph.D. in Finance, City University of Hong Kong, Hong Kong
2001.9-2003.7北京大學光華管理學院金融學碩士(導師:曹鳳岐教授)
M.A. in Finance, summa cum laude, Guanghua School of Management, Peking University, China
1996.9-2000.7北京大學光華管理學院企業管理本科
B.B.A. in Management, Guanghua School of Management, Peking University, China
工作經歷Working Experience
2019.1至今對外經濟貿易大學國際經濟貿易學院金融系教授,博導
Professor, University of International Business and Economics, China
2011.1-2018.12對外經濟貿易大學國際經濟貿易學院金融系副教授
Associate Professor, University of International Business and Economics, China
2009.1-2010.12對外經濟貿易大學國際經濟貿易學院金融系講師
Assistant Professor, University of International Business and Economics, China
2007.8-2008.8香港城市大學Instructor I
Instructor I, Department of Economics and Finance, City University of Hong Kong
短期訪問 Short Term Visiting
2012.7-2012.8香港浸會大學商學院訪問學者
Visiting Fellow, Business School, Hong Kong Baptist University
2010.5-2010.6 英國利茲大學商學院訪問學者
Visiting Research Fellow, Business School, Leeds University
發表 Publication
英文論文 English Publication
1“Government Intervention and Firm Investment”, 2019, with Lu Deng, Sifei Li and Mingqing Liao, Journal of Corporate Finance, Forthcoming
2“Fund Flows and Performance: Understanding Distribution Channel”,2019, with Jiong Gong and Grace Tian, Applied Economics, forthcoming
3“Compensation Convexity Without Utility Restriction”,2018, with Jiong Gong and Xiaochuan Xing, Australian Economic Papers, v.57(3), pp.238-249
4“The dynamics of network communities and venture capital performance: Evidence from China”, 2018, with Chaokai Xue and Xinghua Dang, Finance Research Letters, forthcoming
5 “Political Pressure or Rent Seeking? The Role of Mutual Funds In China’s Split Share Structure Reform”, 2018, with Xinjian Shao and Yi Xue, Australian Economic Papers, v.57(3), pp.284-308
6“Does the Market care about Investor Protection Practices in China?”, 2018, with Yan Leung Cheung, Yin Dang, Tong Lu and Weiqiang Tan, Applied Economics, v.50(5), pp.492-509
7“Taxation on E-Commerce: Evidence from China’s Retail Sector”, 2017, with Jiong Gong, Yu Jin and Xiangyang Zhang, Journal of Business and Economics, v.8(9), pp. 733-744
8“Contractual Mutual Fund Governance: the Case of China”, 2016, with Jiong Gong and Shu Tian, Review of Quantitative Finance and Accounting, v.46, pp.543–567
9“The Role of Venture Capitalists in Emerging Market: A Study on Chinese IPOs”, 2014, with Charlie Cai, Kevin Keasey, Mike Wright and Qi Zhang, International Small Business Journal, v.32(6), pp. 619-643
10“Privatization and risk sharing: Evidence from the Split Share Structure Reform in China,” with Kai Li, Tan Wang and Yan-Leung Cheung,2011,Review of Financial Studies, v.24(7), pp.2499-2525, Winner of the 2008 TCFA Best Paper Award in Investment
11“Does Corporate Governance Predict Future Performance? Evidence from Hong Kong”, with Yan-Leung Cheung, J. Thomas Connelly and Piman Limpaphayom, 2011,Financial Management, Spring, pp. 159-197
12“A Transparency Disclosure Index Measuring Disclosures: Chinese listed Companies” , with Yan-Leung Cheung and Weiqiang Tan, 2010, Journal of Accounting and Public Policy , V.29(3), pp. 259–280
13“Corporate Governance in China: a Step Forward,” with Yan-Leung Cheung, Piman Limpaphayom and Tong Lu, 2010, European Financial Management , v.16 (1), pp. 94–123
14“Does Corporate Governance Matter in China?” with Yan-Leung Cheung, Piman Limpaphayom, and Tong Lu, 2008, China Economic Review, v. 19, iss. 3, pp. 460-79
Boao Forum for Asia <Progress of Asian Economic Integration> Annual report, 2014-2019
2《中阿經貿發展進程報告》,中國-阿拉伯國家博覽會秘書處,2011-2014
Progress of China-Arab Trade and Economic Relations Annual Report ,2011-2014
工作論文 Working Paper
1“Family Membership of Board Chair and Corporate Social Responsibility: Evidence from Chinese Family Firms”, with Fuxiu Jiang and Xiaojia Zheng
2“Corporate diversification and CEO compensation: the role of corporate governance”, with Farid Ullah, Yasir Shahab,Haixia Li, R&R applied economics
3“The Role of the Long-term Investor-underwriter Relationship in Auctioned IPOs”, with Xinjian Shao and Yi Xue
4“Pay for Publicity? Media Coverage during IPOs”, with Xinjian Shao and Yi Xue
5“Political Ideology and Corporate Social Responsibility”, with Sifei Li and Lu Deng,
6“Corporate Social Responsibility and Informal Finance——Evidence from Chinese Private Firms”, with Lu Deng, Sifei Li and Mingqing Liao
7“Spatial Distribution of Venture Capital in China”, With Jiong Gong, under review Economic modelling
8“In Search of Search Cost in P2P Lending”, With Jiong Gong and Liang Qiao
9“Corporate social responsibility (CSR) and stock price crash risk: Does governance and ownership matter?”, with Farid Ullah, Yasir Shahab, Chenyang Zheng
10“Foreign experience and stock price informativeness”, with Farid Ullah, Yasir Shahab, Chenyang Zheng
11“Smart and Dumb Money in the Chinese tech IPO markets and the effect of regulatory underpricing,” with Charlie X Cai, Paul Mcguinness, Chenyang Zheng
12“Media coverage and bond covenants”, with Denglu
13“Heterogeneous beliefs and M&A stock returns: Evidence from acquirer firms”, with Lu Deng, Sifei Li, Mingqing Liao
14“M&A goodwill and stock crash risk”, with Chenyang Zheng
15“Venture Capital Network and Firm Innovation”, with Chenyang Zheng
研究課題 Research Grants
2018.6-2019.6中石油通過資本運營提升集團價值研究課題項目經理
Project Manager of the capital restructuring and group valuation of China Petro, 680,000 RMB
2016.11-2017.7主持廣東珠海橫琴新區金管局《橫琴自貿區私募機構服務與監管機制創新研究》
Hengqin PE service and governance research, PE, 150,000 RMB
2016.1-2017.12主持對外經濟貿易大學杰出青年培養項目《中國券商與基金關系研究》
Outstanding young scholar program, UIBE,“The relationship between underwriters and mutual funds in China”,200,000RMB
2014.1-2016.12對外經濟貿易大學創新團隊《我國機構投資者行為與監管研究》帶頭人
Team Leader of Innovative Research Team “Institutional Investor Behavior and Governance In China” of UIBE, 300,000RMB
Postgraduate: Financial Management; Corporate Finance, Advanced Corporate Finance; Empirical Corporate Finance; Topics in Corporate Finance (in English) ; Theory of Finance (in English)
服務 Service
Referee for Management Science, Financial Management, Journal of Comparative Economics, Journal of Business Research, International Review of Finance, Journal of Accounting and Public Policy, Emerging Markets Finance and Trade, International Review of Economics and Finance, Asia-Pacific Journal of Financial Studies, Economic Letters, 管理世界、金融研究、經濟學季刊等國內期刊匿名評審人