Contact: liguangzhong@mail.sysu.edu.cn

Research Areas: Corporate Finance, Financial Institutions

Professor of Finance
Sun Yat-Sen Business School
Sun Yat-Sen University, Guangzhou, 510275
Office:(+8620)84112771

Mobile: (+86)18666080234

E-Mail: liguangzhong@mail.sysu.edu.cn

Academic Interests

Research: Corporate Finance, Financial Institutions

Teaching: Corporate Finance, Econometrics, Investments

Working Experience

Professor, Sun Yat-Sen University, Guangzhou, 09/2012-

Professor, Central University of Finance and Economics, Beijing, 09/2010-08/2012

Adjunct Instructor, Department of Finance and Economics, Baruch College, Baruch College, New York, USA, 2/1/2010-5/31/2010

Substitute Professor, Department of Finance and Economics, Baruch College, Baruch College, New York, USA, 2/1/2009-1/31/2010

Adjunct Instructor, Department of Finance and Economics, Baruch College, Baruch College, New York, USA, 9/1/2007-1/31/2009

Associate Professor, Department of Finance, Zhongshan (Sun Yat-sen) University, Guangzhou, China, 2004-2006

Assistant Professor, Department of Finance, Zhongshan (Sun Yat-sen) University, Guangzhou, China, 2002-2004

Education

Baruch College, Ph.D. Finance, 2006-2011

Zhongshan (Sun Yat-sen) University, Ph.D. Economics, 1997-2002

Zhongshan (Sun Yat-sen) University, B.A. Accounting, 1993-1997

Publications

Li, Guangzhong, Peter H. Egger, Jie Li, Han Wu, Exporting Firms' Factor and Product-quality Adjustments in Response to Employment Protection Legislation: Evidence from China, China Economic Review, forthcoming.
Li, Guangzhong, Jie Li, Ying Zheng, Peter H. Egger, 2021, Does property rights protection affect export quality? Evidence from a property law enactment, Journal of Economic Behavior and Organization, 183, 811-832.
Jia, Fansheng, Guangzhong Li, Xiaoyan Lu, SujuanXie, 2021, CEO Given Names and Corporate Green Investment, Emerging Market Review 48，1-17.
Li, Guangzhong, Cen Wu, and Ying Zheng, 2020. Employee Protection and the Tax Sensitivity of Wage: International Evidence, Journal of International Financial Market, Institution and Money, 66, 1-16.
Li, Guangzhong, Jie Li, and Yangru Wu, 2019. Exchange rate uncertainty and firm-level investment: Finding the Hartman-Abel effect, Journal of Comparative Economics 47(2), 441-457.
Li, Guangzhong, Ziyue Wang, and Yu Zhao, 2019. Exchange rate exposure: Evidence from China, Review of International Economics, 27, 48–1171.
Li, Guangzhong and Jie Li, 2018. Managerial diversion, product market competition, and firm performance, China Economic Review 50, 240-264.
Zhu, Jiaqing, Guangzhong Li, and Jie Li, 2017. Merge to be too big to fail: A real option approach, International Review of Economics and Finance 51, 342-353
Ye, Minjian and Guangzhong Li, 2017. Internet big data and capital markets: a literature review, Financial Innovation, 3:6.
Li, Guangzhong, Jiaqing Zhu, and Jie Li, 2017. Exchange rate jumps and exports: Evidence from China, The World Economy 41(9), 2374-2388.
Li, Guangzhong, Jiaqing Zhu, and Jie Li,2016. Understanding bilateral exchange rate risks, Journal of International Money and Finance 68,103-129.
Li, Jie, Yinggang Zhou, and Guangzhong Li, 2015, Do Securitized Real Estate Markets Jump? International Evidence, Pacific-Basin Finance Journal 31, 13-35
Zhang, Guangnan, Guangzhong Li, Tiancheng Cai, David M. Bishai, Changxu Wu, and Zeyi Chan, 2014, Factors contributing to hit-and-run crashes in China, Transportation Research Part F 23, 113-124
Hovakimian, Armen and Guangzhong Li. 2012, Is the Partial Adjustment Model a Useful Tool for Capital Structure Research?  Review of Finance 16(3),733-754.
Hovakimian, Armen and Guangzhong Li, 2011. In Search of Conclusive Evidence: How to Test for Adjustment to Target Capital Structure, Journal of Corporate Finance 17(1), 33-44.
Allen, Linda and Guangzhong Li, 2011. Clawbacks and Cronyism: Evidence from China, Financial Management 40(3), 733-756.
Ran, Jimmy, Jan P Voon, and Guangzhong Li, 2010. What Happened to Oil Price-Macroeconomy Relationship in Hong Kong, Pacific Economic Review 15(2), 263-280.
Chen, K. C., Guangzhong Li, and Lifan Wu, 2009. Price Discovery for Segmented US-listed Chinese Stocks: Location or Market Quality, Journal of Business Finance and Accounting 37(1) & (2), 242–269.
Ran, Jimmy, Jan P Voon, and Guangzhong Li, 2008. Effects of Foreign Currency Component in Monetary Aggregates on Money Neutrality, Economics Letters, 2008, Vol. 99, Issue 3, pp.435-438.
Li, Guangzhong James Refalo, and Lifan Wu, 2008. Causality and Variance Spillover among European Government Bond Markets, Applied Financial Economic 18(21), 1709-1720.
Ran, Jimmy, Jan P Voon, and Guangzhong Li, 2007. How Does FDI Affect China Nowadays? Evidence from Different Industries and Provinces, Journal of Comparative Economics, 2007 35(4),774-799.
Voon, Jan P., Li Guangzhong, and Jimmy Ran, 2006. Does China Really Lose from RMB Revaluation? Evidence from Some Export Industries, Applied Economics, 2006 38 (15), 1715-1723.

Reviewing Activity

Journal of Banking and Finance, Journal of International Money and Finance, Journal of Business Research, Journal of Business Finance and Accounting, International Review of Economics and Finance, Bulletin of Economic Research, Economic Bulletin, Emerging Market Finance and Trade

Teaching

Advanced Econometrics (Ph.D.), Macroeconomics (International MBA), Financial Econometrics (Master),Applied Econometrics (Undergraduate),Macroeconomics (International MBA),Applied Econometrics (Undergraduate),Money and Banking (Undergraduate), Statistical Analysis for Economics and Finance,Microeconomics, Advanced Econometrics (Ph.D.), Intermediate Econometrics (Graduate),Investments (Graduate).

Honors and Awards

2011 Best Dissertation in Finance, CUNY-Baruch College
2010 Financial Management Association Annual Meetings Best Paper in Corporate Finance, Semi-Finalist.
2009 American Finance Association (AFA) Annual Meeting Travel Grant.
Graduate Fellowship, Zicklin School of Business, Baruch College, CUNY, USA, 2006 – present.
Outstanding research paper by Guangdong Provincial Government, China, 2005.
NanYue Fellowship of Excellent Ph.D. Students by Guangdong Provincial Government, 2000.
Fellowship of Outstanding Graduate Students by SYLFF (the Ryoich Sasakawa Young Leader Fellowship Fund, TOKYO), 1998 and 2001.