Yanfang Xu Depart.:Finance Academic Title:Associate Professor Tel:8610 62514615 Fax:8610-82509169 Email:xuyanfang@rmbs.ruc.edu.cn

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2004.02–2005.01   Visiting Scholar, University of California, Berkeley

2000.09–2003.07   Ph.D., Renmin Business School, Renmin University of China

1995.09–1998.03   Master, School of Business Administration, Renmin University of China

1986.09–1990.07   Undergraduate, Department of Mathematics, Beijing Normal University

Working Experiences

1998.04 –Present  Department of Finance, Renmin Business School, Renmin University of China

1990.08–1995.08  Teacher, Datong No.2 Middle School in Shanxi Province

Research Philosophy:

The researching should be useful, interesting and meaningful.

Teaching Philosophy:

The theory should be integrated with practice.

The knowledge instruction should be combined with the training on thought.

Research Interests

Business Ethics; Corporate Social Responsibility; Corporate Finance


Enterprises, Governments and Society and Business Ethics and Accounting Ethics (for Postgraduates);Advanced Management Accounting and Corporate Finance (for EE program);Financial Management and International Financial Management (for Undergraduates).



Selected Academic Articles:
“A Study on the Incentives of Private Placement in Private Listed Companies From the View of Social Capital”, Economic Theory and Business Management, No.9 (2011).

“Life Cycle, Business Strategy, and the Selection of Private Enterprises’ Financing Patterns: a Case Study Based on Mengniu Diary”, Journal of Management Case Studies, No.6 (2010).

Do mergers improve the shareholder’s wealth? 2010, International conference on logistics systems and intelligent management, January 2010.

“Private Equity, Incomplete Contracts and Allocation of Control Rights”, Economic Theory and Business Management, Yanfang Xu, No.4 (2010).

“Performance Study On Long-Term M & A Of Listed Companies—Evidence From The CTAR Method”, Economic Theory and Business Management, No.6 (2009).

“The Internal Capital Market Functional Alienation of Family Enterprises and Its Economic Consequences”, Supplementary Issue of Management World, 2008.

The Transfer of Control in Tomorrow and Financial Behaviors of Major Shareholders, Financing & Accounting, No.6 (2009).

“Practices of USA’s Preferred Shares and Practical Significance of Introducing It to China”, Financing & Accounting, No.24 (2009).

Selected Monographs:
The Research on Enterprise Income Distribution, China Financial & Economic Publishing House, 2004.

Introductory Theory to Accounting Ethics, Southwestern University of Finance and Economics Press, 2010.


Enterprises, Governments and Society, Translation, Beijing University of Posts and Telecommunications Press, 2015.

International Financial Management, China Renmin University Press, 2015.

Teaching Cases for Financial Management, China Renmin University Press, 2002.

RMBS made the Top-50 list of MBA,
EMBA and EE programs——The Financial Times

Renmin University of China

@Business School, Renmin University of China 京ICP备05066828号-1