PERSONAL PROFILE
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
EDUCATION
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
RESEARCH AREAS
Corporate Finance, FinTech, Insurance, Consumer Finance
PUBLICATIONS
[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.
WORKING PAPERS
[1] Artificial Intelligence and Information Production in Selection Markets: Experimental Evidence from Insurance Intermediation
PAPER PRESENTATIONS
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)*
TEACHING EXPERIENCE
Tsinghua University
Empirical Corporate Finance, PhD Fall 2023
Corporate Finance Theory, PhD Fall 2023
University of British Columbia
Corporate Finance, Undergraduate Spring 2021
GRANTS, AWARDS, AND FELLOWSHIPS
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
PROFESSIONAL SERVICE
Journal Referee: Journal of Risk and Insurance, Journal of Banking and Finance, Journal of Corporate Finance
Program Committee: China Financial Research Conference (CFRC) 2024
