Qiao Liu
                                                                   
           

                      

Qiao LIU currently serves as an associate professor of Finance (with tenure) in the School of Economics and Finance  and School of BusinessFaculty of Business and EconomicsUniversity of Hong Kong .  He is also an adjunct professor at the China Center for Economic Research at Beijing University. Qiao obtained Ph.D. in Economics (passed finance qualifying in UCLA Anderson School  and wrote finance thesis ) from the Department of Economics at UCLA in June 2000. He also holds a B.S. from Renmin University of China in 1991 and an M.A. in International Finance from the Graduate School of People's Bank of China (Wudaokou) in 1993.

Qiao's academic research mainly addresses corporate decisions (especially financial decisions) and their impact on firm performance and the capital market. In recent years, he has shifted part of research attention to policy-related questions in the Chinese and Asian economies. His recent projects examine a wide range of issues, including the effectiveness of equity-based incentives, how corporate earnings reporting decisions affect stock returns, corporate governance issues in the Chinese stock market, the Chinese firms' earnings reporting and investment behavior during the reform era, as well as how to build up efficient financial systems in China and Asia. Qiao has published articles at leading academic journals such as Journal of Financial Economics, Journal of Financial and Quantitative Analysis, Journal of Accounting Research, Management Science, Economic Journal, Journal of Corporate Finance, Journal of Accounting, Auditing, and Finance, Financial Analysts Journal, Economic Inquiry, Economics Letter, Asia-Pacific Business Review, CESifo Economic Studies, as well as Journal of Comparative Economics. He has co-edited a book on the Asian debt capital markets --- "Asia's debt capital markets : prospects and strategies for development" (Springer, 2006). He is currently co-authoring a textbook titled "Finance in Asia: Institutions, Markets, and Regulation" (joint with Douglas Arner and Paul Lejot), which will be published in mid 2010.

Besides academic research, Qiao also writes articles for leading business newspapers and magazines. His articles and views appear in the Financial Times, CFO Magazine, 21st Century Business Herald, Caijing Magazine, New Fortune, Dushu (Reading), Scotsman, South China Morning Post, and the Wall Street Journal. He has been interviewed by CNBC on the Chinese banking sector's NPL prospect and corporate governance issues. Starting 2005, Qiao serves as member of the expert panel of the ShenZhen Stock Exchange. In addition to research, Qiao also has extensive consulting and executive teaching experience. His clients include both leading MNCs and leading Asian firms.

Qiao first joined the University of Hong Kong in September 2000. After a short stay, he joined McKinsey & Company as its Asia-Pacific Corporate Finance and Strategy Practice Manager in December 2001, where he led McKinsey's knowledge and research in  Asia-Pacific Corporate Finance & Strategy Practice and advised various MNCs and leading Asian companies on issues related to mergers & acquisitions, alliances/JVs, value based management, capital market diagnostics, IPO, investor-based finance, and Asian corporate governance, etc. He left McKinsey to re-join HKU in July 2003. Qiao worked as an investment banker in the IPO Division, China Securities Co. Ltd. (Hua Xia) in Beijing many years ago, where he participated in corporate restructuring, IPO preparation and listing recommendation of several Chinese SOEs.

Expertise: corporate investment, mergers & acquisitions, empirical asset pricing, corporate governance, valuation of the Chinese firms, China's financial institutions and markets, corporate behavior during China's reform era, Asian financial institutions and markets.


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