Full-time Faculty

Faculty CV

Li An


LIU Xing is currently an assistant professor at PBC School of Finance, Tsinghua University. His research interests mainly lie in corporate finance, FinTech, and insurance. His recent work examines the impacts of AI on information production and agency conflicts in human-intermediated markets. His corporate finance research focuses on firm intangibles, such as corporate culture, non-pecuniary aspects of jobs, and intellectual property. His research has been published in Management Science and Journal of Financial and Quantitative Analysis.

Xing received his Ph.D. in Finance from University of British Columbia in 2023. Prior to that, Xing obtained Master in Finance from Tsinghua University and B.A. in Economics (Major in Insurance) from Renmin University of China.

ACADEMIC  APPOINTMENT                                        

2023-present         Tsinghua University, PBC School of Finance

                               Assistant Professor


2017-2023             Ph.D. in Business Administration - Finance, University of British Columbia

                              Advisors: Jan Bena (Chair), Will Gornall, Sabrina T. Howell (NYU)

2015-2017             Master of Finance, Tsinghua University

2011-2015             B.A. in Economics, Renmin University of China


Corporate Finance, FinTech, Insurance, Consumer Finance


[3] Do Employees Cheer for Private Equity? The Heterogeneous Effects of Buyouts on Job Quality (with Will Gornall, Oleg Gredil, Sabrina T. Howell, and Jason Sockin), Accepted, Management Science

[2] Consolidating Product Lines via Mergers and Acquisitions: Evidence from the USPTO Trademark Data (with Po-Hsuan Hsu, Kai Li, and Hong Wu), Journal of Financial and Quantitative Analysis, 2022, 57(8), 2968-2992.

[1] The Role of Corporate Culture in Bad Times: Evidence from the COVID-19 Pandemic (with Kai Li, Feng Mai, and Tengfei Zhang), Journal of Financial and Quantitative Analysis, 2021, 56(7), 2545-2583.


[1] Artificial Intelligence and Information Production in Selection Markets: Experimental Evidence from Insurance Intermediation


2024 ABFER 11th Annual Conference (Singapore, scheduled), UD/Philly Fed Fintech & Financial Institutions Conference (University of Delaware, scheduled)

2023 NBER SI Digital Economics and Artificial Intelligence, Five Star Workshop (CKGSB, Beijing), CICF (Shanghai), EIOPA-ECB Research Workshop on Insurance Companies and Pension Funds (Frankfurt), Annual Meeting of the Society for Experimental Finance (Sofia, Bulgaria), Annual Meeting of the American Risk and Insurance Association (Washington, D.C.), Asia Meeting of the Econometric Society (Beijing), Renmin University School of Finance Alumni Forum (Beijing), FSU Risk Management Research Symposium (Miramar Beach, Florida), UGA PhD Symposium on Risk Management and Insurance (Athens, Georgia), Hong Kong University of Science and Technology, Shanghai Advanced Institute of Finance, Tsinghua University PBC School of Finance, Fudan University

2022 Nanyang Technological University, Chinese University of Hong Kong, Chinese University of Hong Kong - Shenzhen, AFBC (UNSW Sydney, virtual), Global AI Finance Research Conference (Singapore, virtual), International Conference on FinTech and Digital Finance (virtual), Shanghai-Edinburgh FinTech Conference (virtual), WEFIDEV Fall (virtual), EFA (Barcelona)*, FIRS (Budapest)*, UCLA Anderson Fink Center Conference on Financial Markets*

2021 PERC (UNC Chapel Hill)*, NBER Corporate Finance Fall*, PNWFC (Seattle, virtual)*, JFQA COVID Symposium (virtual)*

2020 Canadian Sustainable Finance Network Conference (Queens, virtual), Microsoft Research NYC (New York, virtual)*

2019 AFA (Atlanta)*


Tsinghua University

Empirical Corporate Finance, PhD                                                                                          Fall 2023

Corporate Finance Theory, PhD                                                                                              Fall 2023

University of British Columbia

Corporate Finance, Undergraduate                                                                                    Spring 2021


National Natural Science Foundation of China, Participant, 2024-2027

Go Global Self-Directed Research Award, UBC

Centre for Urban Economics and Real Estate Research Grant, UBC

President's Academic Excellence Initiative PhD Award, UBC

Pei-Huang Tung and Tan-Wen Tung Graduate Fellowship, UBC

T K Lee Scholarship, UBC

C L Wang Memorial Scholarship, UBC

Alan Kraus Scholarship, UBC

Dean Earle D MacPhee Memorial Fellowship, UBC

Sauder School of Business Graduate Award, UBC

C K Choi Fellowship in Business Administration, UBC

Liu Hongru Outstanding Graduate Award, Tsinghua

Outstanding Graduates, Renmin

National Scholarship


Journal Referee: Journal of Risk and Insurance, Journal of Banking and Finance, Journal of Corporate Finance

Program Committee: China Financial Research Conference (CFRC) 2024