Academic Position

Associate Professor, Antai College of Economics & Management, Shanghai Jiao Tong University, July 2021 – Present

Assistant Professor, Antai College of Economics & Management, Shanghai Jiao Tong University, Jan. 2019 – June 2021

Assistant Professor, School of Economics & WISE, Xiamen University, Sept. 2016 – Dec. 2018

Education

Ph.D. in Finance, The Chinese University of Hong Kong, 2011 – 2016

B.A. in Economics, Minor in Accounting, University of International Business and Economics, 2007 – 2011

Research Interests

Empirical Corporate Finance, Corporate Governance, M&A

Honors and Awards

Outstanding Head Teacher, Shanghai Jiao Tong University, 2021

Best Paper Award at the 3^rd Accounting Cooperation Forum of Jiao Tong University, 2021

Excellence Award of Annual Evaluation, Shanghai Jiao Tong University, 2019, 2020, 2021

Best Instructor Award, WISE, Xiamen University, Fall 2018

Excellence of Teaching Award, School of Economics, Xiamen University, Spring 2018

Best Paper Award at the 14th China Finance Annual Meeting, 2017

Publications

1. “Foreign Cash: Taxes, Internal Capital Markets and Agency Problems” (with Jarrad Harford and Cong Wang), Review of Financial Studies, 2017, 30 (5), 1490-1538.

2. “Credit Default Swaps and Corporate Innovation” (with Xin Chang, Yangyang Chen, Qian Wang, and Wenrui Zhang), Journal of Financial Economics, 2019, 134 (2), 474-500.

3. “Trust and Stock Price Synchronicity: Evidence from China” (with Baoyin Qiu and Junli Yu), Journal of Business Ethics, 2020, 167, 97-109.

4. “Do Social Connections Mitigate Hold-Up and Facilitate Cooperation? Evidence from Supply Chain Relationships” (with Sudipto Dasgupta and Chenqi Zhu), Journal of Financial and Quantitative Analysis, 2021, 56 (5), 1679-1712.

5. “Expert Advice: Industry Expertise of M&A Advisors and Acquirer Shareholder Returns” (with Cong Wang and Fei Xie), Journal of Financial and Quantitative Analysis, 2022, 57 (2), 599-628.

6. "Spillover Effects of Special Representative Litigation with Chinese Characteristics: An Event Study Based on Kangmei Pharmaceutical" (with Na Li and Guifeng Shi). Journal of Finance and Economics (财经研究 in Chinese), 2022, 48 (8): 139-153.

7. “Labor Unemployment Risk and CEO Incentive Compensation” (with Andrew Ellul and Cong Wang), Management Science, forthcoming.

Working Papers

1. “Trust, Vertical Acquisitions, and Boundaries of the Firm” (with Cong Wang and Fei Xie)

Research Grants

1. Principal Investigator, National Natural Science Foundation of China General Grant, “Research on the Economic Causes and Consequences of Stock Market Rumors”, 2023 - 2026

1. Principal Investigator, National Natural Science Foundation of China Young Scholar Grant, “Does Societal Trust Affect Vertical Mergers: Perspective from Supplier Chain Relationships”, 2020 - 2022

2. Principal Investigator, Fundamental Research Grant for the Central Universities, “Labor Unemployment Risk, CEO Compensation, and Corporate Policies”, 2016 - 2019

3. Participant, National Natural Science Foundation of China Key Program, “Theoretical Research on Dual-track Governance with Dual Goals of State-owned Enterprises”, 2022 - 2026

Reviewer

HK RGC Grants (ECS, GRF, FDS), Journal of Financial and Quantitative Analysis, Journal of Corporate Finance, Journal of Business Ethics, Journal of Financial Research, International Business Review, Pacific-Basin Finance Journal, Asia-Pacific Journal of Accounting & Economics, Asia-Pacific Journal of Financial Studies, Corporate Governance: An International Review

Principles of Financial Accounting

Financial Management

Accounting and Capital Market Research