Education

2003.09-2007.03  Ph.D., Management (Financial Management), School of Management, Xiamen University

2000.09-2003.07  Master, Management (Financial management), School of Management, Xiamen University

1996.09-2000.07  Bachelor, Management (Business Administration), School of Management, Xiamen University

Working Experiences

2014.09-Present  Professor (Exceptional Promotion) and Doctor, Department of Finance, Renmin Business School, Renmin University of China

2014.1-2014.12   Visiting Scholar, Yale School of Management

2010.09-2014.08  Associate Professor, Department of Finance, Renmin Business School, Renmin University of China

2009.09-2010.08  Assistant Professor, Department of Finance, Renmin Business School, Renmin University of China

2007.04-2009.07  Post-doctoral Researcher, Department of Finance, Guanghua School of Management, Peking University

Corporate Finance and Capital Markets

Theory of Corporate Finance, Master Literature on Financial Management, Freshman Seminar, Thesis Writing

Selected Academic Articles:

(1) Dong, R., Fisman, R., Wang, Y., and Xu, N.H., 2021, “Air pollution, affect, and forecasting bias: Evidence from Chinese financial analysts”, Journal of Financial Economics, 139, 971-984.

(2) Huang, J. K., Xu, N. H., and Yu, H.H., 2020, “Pollution and performance: Do investors make worse trades on hazy days?”, Management Science, 66（10），4455-4476.

(3) Chan, K.C., Jiang, X.Y., Wu, D., Xu., N.H., and Zeng, H., 2020, “When is the client King? Evidence from affiliated-analyst recommendations in China’s split-share reform”. Contemporary Accounting Research, 37(2), 1044-1072. June 21, 2020.

(4) Xu, Y., Xu, N.H., Chan, K., and Li, Z., 2021, “Generalists vs. specialists: Who are better acquirers?”, Journal of Corporate Finance. 67, 1-18.

(5) Li, N., Xu, N.H., Dong, R., Kam C. Chan, Lin, X., 2021, “Does an anti-corruption campaign increase analyst earnings forecast optimism”, Journal of Corporate Finance. 68, 1-21.

(6) Xu Nianxing, Xie Rongrong, and Wu Shinong, "Chinese-style family business management: governance model, leadership model and firm performance", Economic Research Journal, 2019-12, 166-182.

(7) Li Qinyang and Xu Nianxing, "Capital Market Opening and Stock Price Crash Risk: Evidence from Shanghai-Hong Kong Stock Connect", Journal of Management Sciences, 2019-08,108-126.

(8) Pan, Y., Weng, R., Xu, N. H., and Chan, K.C., 2018, “The role of corporate philanthropy in family firm succession: A social outreach perspective”, Journal of Banking and Finance, 88, 423-441.

(9) Xu, N.H., Chen, Y.N., Fung, A., and Chan, K.C., 2018, “Contributing Forces in Entrepreneurship Research: A Global Citation Analysis”, Journal of Small Business Management, 2018 56(1), 179–201. January

(10) Jiang, X.Y., Xu., N.H., Yuan, Q.B., and Chan, K.C., 2018, “Mutual-Fund-Affiliated Analysts and Stock Price Synchronicity: Evidence from China”, Journal of Accounting, Auditing and Finance, 33（3）：435-460.

(11) Xu, N., Chen, Q., Xu, Y., and Chan, K.C., 2016, “Political uncertainty and cash holdings: Evidence from China”. Journal of Corporate Finance, 40, 276-295.

(12) Xu, N.H., Jiang, X.Y., Chan, K.C., and Wu, S.N., 2017, “Analyst Herding and Future Stock Price Crash Risk: Evidence from China”. Journal of International Financial Management and Accounting, 28(3), 308-348. October.

(13) Jiang, X.Y., Xu., N.H., Yuan, Q.B., and Chan, K.C., 2016, “Mutual Fund Affiliated Analysts and Stock Price Synchronicity: Evidence from China”, Journal of Accounting, Auditing and Finance, forthcoming.

(14) Xu, N.H., and Yuan, Q.B., Jiang, X.Y., and Chan, K.C., 2015, “Founder’s political connections, second generation involvement, and family firm performance: Evidence from China”, Journal of Corporate Finance, 33, 243-259.

(15) Xu, N.H., Chan, K.C., and Chang, C.H., 2016, “A quality-based global assessment of financial research”, Review of Quantitative Finance and Accounting, 46, 605-631.

(16) Xu, N.H., Poon, W., and Chan, K.C., 2014 “The contributing institutions and authors in international business research: A Quality-based Assessment”, Management International Review, 54, 735-755.

(17) Xu, N.H., Li, X.R., Yuan, Q.B., and Chan, K.C., 2014, “Excess Perks and Stock Price Crash Risk: Evidence from China”, Journal of Corporate Finance, 25, 419-434.

(18) Xu, N.H., Chan, K.C., Jiang, X.Y., and Yi, Z.H., 2013, “Do Star Analysts Know More Firm-Specific Information? Evidence from China”, Journal of Banking and Finance, 37, 89-102.

(19) Xu, N.H., Jiang, X.Y., Chan, K.C., and Yi, Z.H., 2013, “Analyst coverage, optimism, and stock price crash risk: Evidence from China”, Pacific-Basin Finance Journal, 25, 217-239.

(20) Xu, N. H., Xu, X.Z., and Yuan, Q. B., 2013, “Political Connection, Financing Frictions, and Corporate Investment: Evidence from Chinese Listed Family Firms”, European Financial Management, 19(4), 675-702.

(21) Wu, S.N., Xu, N.H., and Yuan, Q.B., 2009, “State Control, Legal Investor Protection and Ownership Concentration: Evidence from China”, Corporate Governance: An International Review, 17(2), 172-196. (SSCI, corresponding author)

(22) Li, X.R., Xu, N.H., Liu, Q., and Luo, W., 2016, “Corporate Pyramids and Stock Price Crash Risk: Evidence from China”, China Accounting and Finance Review, forthcoming.

(23) Nianhang Xu, Zhe Li, “Poverty Experiences of Senior Executives and Charitable Donations of Listed Firms”, Economic Research Journal, No.12 (2016), pp.133-146, In Chinese;

(24) Xuanyu Jiang, Nianhang Xu, “Over-Investments and Stock Price Crash Risks”, Journal of Financial Research, No.8 (2015), pp.141-158, In Chinese;

(25) Nianhang Xu, Shangyao Yu, Zhihong Yi, “Herding Behaviors of Institutional Investors and Stock Price Crash Risks”, Management World, No.7 (2013), pp.31-43, In Chinese;

(26) Nianhang Xu, Xuanyu Jiang, Zhihong Yi, Qingbo Yuan, “Do Political Connections Affect the Judicial Efficiency of Legal Protection?”, China Economic Quarterly, 12 (2), 2013, pp.373-406, In Chinese;

(27) Nianhang Xu, Xuanyu Jiang, Zhihong Yi, Xinzhong Xu, “Analysts’ Conflicts of Interests, Optimism and Stock Price Crash Risks”, Economic Research Journal, No.7 (2012), pp.127-140, In Chinese;

(28) Nianhang Xu, Tao Hong, Shinong Wu, Xinzhong Xu, “Information Transfer Mode, Investor Psychological Bias and Stock Prices Comovement”, Economic Research Journal, No.4 (2011), pp.135-146, In Chinese;

(29) Wenzhou Qu, Nianhang Xu, Jiaxiong Guan, Shinong Wu, “Marketization, Government Intervention and Allocation of Stock Liquidity Premiums”, Economic Research Journal, No.4 (2008), pp.132-146, In Chinese;

(30) Nianhang Xu, Hua Zhang, Shinong Wu, “Do Additional Commitments Have Signal Effects?”, Management World, No.3 (2008), pp.142-151, In Chinese;

(31) Nianhang Xu, Jianqing Lai, Shinong Wu, “A Review on Corporate Finance and Legal Investor Protection”, Journal of Management Science in China, No.1 (2008), pp.101-109, In Chinese;

(32) Nianhang Xu, Shinong Wu, “A Study on Anchoring Effects in the Non-tradable Share Reform in China”, Economic Research Journal, No.1 (2007), pp.114-125, In Chinese.

Book

WINCHEM: The Process of Going Public, 2016.

Competitive Research Grants

(1) 2022 National Natural Science Foundation of China Outstanding Youth Fund Project "Corporate Finance and Capital Market".

(2) 2021 National Natural Science Foundation of China project "Human-Machine Wars: Research Report Based on Robots and Its Economic Consequences".

(3) 2016 National Natural Science Foundation of China Outstanding Youth Fund Project "Corporate Finance and Capital Market".

Academic Meetings

National Natural Science Foundation of China "2022 Business Administration Discipline Youth Fund Project Exchange Conference", conference theme report, report title "Based on the Local, Pioneering the Frontier - Some Scientific Research Experiences and Impressions", School of Management, Zhejiang University.

Key community services

Reviewer of the National Natural Science Foundation of China.

Honors and Awards

2022  Winner of the National Natural Science Foundation of China (NSFC) "Outstanding Youth Fund Project"

2016  Selected as a Changjing Young Scholar by the Ministry of Education

2016  Winner of "Fund Program for Outstanding Young Scholar", a Program of Natural Science Foundation of China;

2014  Best Paper Award, China Finance Association (TCFA) Annual Conference;

2012  "The First Top-Notch Talents Program of the Organizing Department of CCCPC" (National Special Program of Supporting High-Level Talents, "Program of Ten Thousand Talents");

2012  The Third Prize of the Award for the Sixth Outstanding Achievements of Humanistic and Social Science Research in Chinese Universities;

2009  "National Excellent Ph.D. Dissertation" (Financial Management);

2008  Best Paper Award, China International Conference in Finance (CICF);

2007  The "Third Prize of Best Paper" of the Fourth Financial Conference of China.

2006  The "Second Prize of Best Paper" of the Third Financial Conference of China;

2006  The First Prize of the Award for Outstanding Achievements of Humanistic and Social Science Research in Chinese Universities

Other Appointments (In last 5 years) 

1. Chongqing Three Gorges Bank Co., Ltd, Independent Director;

2. China Life Asset Management Company Limited, Independent Director;

3. Anhui Wantong Technology Company Limited, Independent Director;