Education

2007, Ph.D., School of Business, Renmin University of China

2004, M.A., School of Business, Renmin University of China

2002, B.A., School of Business, Renmin University of China

Work Experience

2018.9-, School of Business, Renmin University of China, Professor of Accounting

2011.9-2012.8, Kelley School of Business, Indiana University, Visiting Scholar

2007.7-2018.9, School of Accountancy, Central University of Finance and Economics, Assistant Professor, Associate Professor and Professor of Accounting

Corporate Governance; Corporate Finance; Contractual Usefulness of Accounting Information

Accounting; Seminar in Accounting

Selected Academic Articles:

1. Liao, Guanmin, Mark (Shuai) Ma, and Xiaoyun Yu, 2022, “Transporting Transparency: Director Foreign Experience and Corporate Information Environment”,  Journal of International Business Studies  53(7), 1343–1369.

2. Hao, Rubin, Guanmin Liao, Wenhong Ding, and Wei Guan, 2022, The Informativeness of Regional GDP Announcements: Evidence from China.  Journal of Empirical Finance  67, 78-99.

3. Song, Leilei, Gary Gang Tian and Guanmin Liao, 2021, External Regulation, Independent Director Attendance, and Governance Effects,  China Journal of Accounting Research 14, 101-128.

4. Giannetti, Mariassunta, Guanmin Liao, Jiaxing You, and Xiaoyun Yu, 2021, The Externalities of Corruption: Evidence from Entrepreneurial Firms in China,  Review of Finance  25(3), 629-667.

5. Bradshaw, Mark, Guanmin Liao, and Mark (Shuai) Ma, 2019, “Agency Costs and Tax Planning when the Government is a Major Shareholder”,  Journal of Accounting and Economics  67, 255-277.

6. Giannetti, Mariassunta, Guanmin Liao, and Xiaoyun Yu, 2015, “The Brain Gain of Corporate Boards: Evidence from China”,  Journal of Finance  70, 1629-1682.

7. Chang, Chun, Guanmin Liao, Xiaoyun Yu, and Zheng Ni, 2014, “Information from Relationship Lending: Evidence from Loan Defaults in China”,  Journal of Money, Credit and Banking  46, 1225-1257.

8. Chang, Chun, Xin Chen, and Guanmin Liao, 2014, “What are the Reliably Important Determinants of Capital Structure in China?”,  Pacific Basin Finance Journal  30, 87-113.

9. Liao, Guanmin, Xin Chen, Xin Jing, and Jianfei Sun, 2009, “Policy Burdens, Firm Performance, and Management Turnover”,  China Economic Review  20, 15-28.

Honors and Awards

Pagano-Zechner Prize for the Best Corporate Finance Paper Published in the Review of Finance, 2021

Excellence in Teaching Award of Renmin University of China, 2019, 2020

The 10th International Symposium on Corporate Governance Best Paper Award, 2019

Outstanding Young Scholar Award of Renmin University of China, 2018

Outstanding Master's Thesis Supervisor of Central University of Finance and Economics, 2013, 2014, 2015, 2016, 2017

Sun Yefang Financial Innovation Award, 2016

National Academic Leader (reserved) in Accounting, 2013

Beijing Higher Education Young Elite Teacher Project, 2013

“Yongjin” Distinguished Research Award of Central University of Finance and Economics, 2010

Chinese Finance Association Annual Meeting Best Paper Award, 2008

Distinguished Doctoral Dissertation of Beijing City, 2008

Distinguished Doctoral Dissertation of Renmin University of China, 2008