Peer-Reviewed Journal Papers

2014

[1]     Liu Zhiyuan, Jin,G.H., Huang,H.B. Investor sentiment, soft budget constraints and investment cash flow sensitivity. Research on Economics and Management, 2014, Vol.2: 56-62. (Published in Chinese)

[2]     Shao,J., Liu Zhiyuan. Corporate governance and enterprise internal capital allocation efficiency -- Based on empirical test of China's Group Holding Companies. Research on Financial and Economic Issues, 2014, Vol.1: 80-87. (Published in Chinese)

[3]     Erwei Xiang; Gloria Y. Tian; Fan Yang; Zhiyuan Liu. Do mutual funds have information advantage? Evidence from seasoned equity offerings in China. International Review of Financial Analysis, 2014, Vol.31: 70-79.

[4]     Hua,G.R., Zheng.K., Liu Zhiyuan. Government control, investor sentiment and corporate capital investment. Management Review, 2014, Vol.3: 53-60. (Published in Chinese)

[5]     Zheng,K., Liu Zhiyuan. The inquiry system arrangement, the valuation of shares and IPO break. Seeker, 2014, Vol.6: 120-124. (Published in Chinese)

[6]     Zheng.K., Hua,G.R., Liu Zhiyuan. Inquiry object information display, the intrinsic value and IPO pricing efficiency. Shanghai Finance, 2014, Vol.7: 80-85. (Published in Chinese)

[7]     Zhang,X.Z., Liu Zhiyuan. The research on the macroscopic economic cause China listing Corporation business credit cyclical changes. Research on Economics and Management, 2014, Vol.6: 41-56. (Published in Chinese)

2013

[1]     Yao,Y., Liu Zhiyuan, Feng,C. The person in charge of central enterprises, monetary compensation and corporate performance. Nankai Business Review, 2013, Vol.6: 123-135. (Published in Chinese)

[2]     Liu Zhiyuan, Wang,Y., Zheng,H.D. Government intervention and local state-owned enterprise market competitiveness--Based on the perspective of cash held by the competition effect. Research on Economics and Management, 2013, Vol.249: 28-38. (Published in Chinese)

[3]     Liu Zhiyuan, Jin,G.H. Investor sentiment and corporate investment efficiency--An Empirical Study on the role of shareholder equity ratio and the separation of the two powers. Management Review, 2013, Vol.25, No.05: 82-91. (Published in Chinese)

[4]     Wang,Y., Liu Zhiyuan, Jin,G.H. The deterrent effect of cash holdings in the product market competition--Based on the empirical analysis of China's manufacturing industry listing Corporation. Systems Engineering, 2013, Vol.31: 1-12. (Published in Chinese)

[5]     Huang,H.B., Liu Zhiyuan. Investor sentiment and corporate credit resource acquisition. Review of Investment Studies, 2013, Vol.2: 13-29. (Published in Chinese)

[6]     Huang,H.B., Liu Zhiyuan. Investor sentiment and loan size on the impact of credit allocation efficiency. Systems Engineering, 2013, Vol.4: 1-12. (Published in Chinese)

[7]     Yi Yao; Rong Yang; Zhiyuan Liu; Iftekhar Hasan. Government intervention and institutional trading strategy: Evidence from a transition country. Global Finance Journal, 2013, Vol.24, No.1: 44-68.

2012

[1]     Liu Zhiyuan, Jin.G.H., Huang,H.B. The controlling shareholder to cater to investor sentiment and corporate investment: An Empirical Study Based on the Firm’s Profitability. Systems Engineering, 2012, Vol.30, No.10: 1-9. (Published in Chinese)

[2]     Zhang,X.Z., Liu Zhiyuan, Wang,J. Monetary policy impact on the company's investment in the dual effect. Journal of Management Sciences, 2012, Vol.5: 108-119. (Published in Chinese)

[3]     Liu Zhiyuan, Wang,Y., Jin,G.H. Who is the controlling shareholder of the listing Corporation to choose the IPO: empirical analysis. Journal of Finance and Economics, 2012, Vol.9: 69-80. (Published in Chinese)

[4]     Zhang,X.Z.,Liu Zhiyuan, Wang,J.The burden of government regulation, financing constraints and enterprise growth--Analysis of enterprise survey data based on the experience. Modern Economic Science, 2012, Vol.4: 95-128. (Published in Chinese)

[5]     Yao,Y., Liu Zhiyuan, Xiang,E.W. Quantitative funds investment in the stock market price pressure effect analysis. Shanghai Finance, 2012, Vol.6: 56-62. (Published in Chinese)

[6]     Liu Zhiyuan, Jin, G. H.,Wang,Y. Cross section characteristic difference, investor sentiment and enterprise investment. Research on Economics and Management, 2012, Vol.5: 89-97. (Published in Chinese)

[7]     Zhang,X.Z., Liu Zhiyuan, Wang,J. Enterprise scale and R&D into the research on the relationship between the analysis of the profitability of the enterprise based on the research of science. Studies in Science of Science, 2012, Vol.2: 265-274. (Published in Chinese)

[8]     Zhang,X.Z., Liu Zhiyuan, Wang.J. The dual effect of the monetary policy of the investment company. Journal of Management Sciences, 2012, Vol.5: 108-119. (Published in Chinese)

2011

[1]     Yao,Y., Liu Zhiyuan, Xiang,E.W. Phase two health, whether Chinese fund the pursuit of value in the investment? Economic Research Journal, 2011, Vol.12: 45-58. (Published in Chinese)

[2]     Bai,M., Liu Zhiyuan. The fair value measurement and decision-making information level -- Based on empirical evidence Chinese listing Corporation. Research on Economics and Management, 2011, Vol.11: 101-106. (Published in Chinese)

[3]     Hua,G.R., Liu Zhiyuan, Xu,Q. Investor sentiment, managerial optimism and investment behavior. Journal of Financial Research, 2011, Vol.9: 178-191. (Published in Chinese)

[4]     Zhang,X.Z., Liu Zhiyuan. The adjustment of the impact of monetary policy on Commercial Bank China credit distribution: a case study from the micro data of the company. Finance and Trade Economics, 2011, Vol.8: 59-67. (Published in Chinese)

[5]     Liu Zhiyuan, Zheng,K., He,Y.N. The first stage of book building reform effectively. Journal of Financial Research, 2011, Vol.4: 158-173. (Published in Chinese)

[6]     Yao,Y., Liu Zhiyuan. Voting system improvement and protection of the interests of small investors. Management World, 2011, Vol.3: 144-153. (Published in Chinese)

[7]     Liu Zhiyuan, Zheng,K., He,Y.N. An inquiry object between competition or collusion -- Based on the analysis of characteristics of IPO net placement. Securities Market Herald, 2011, Vol.3: 35-44. (Published in Chinese)

[8]     Shao,J., Liu Zhiyuan. The market environment, the nature of ownership and the group's internal capital allocation efficiency. Inquiry into Economic Issues, 2011, Vol.3: 111-116. (Published in Chinese)

2010

[1]     Tang,Y., Liu Zhiyuan, Li,W. For the behavior of large shareholders in SEO and escalation. Contemporary Finance & Economics, 2010, Vol.1: 112-120. (Published in Chinese)

[2]     Mao,S.Z., Liu Zhiyuan, Lin,Y. The relationship between the legal protection of investors and the ultimate ownership structure. Finance and Grade Research, 2010, Vol.6: 97-104. (Published in Chinese)

[3]     Hua,G.R., Liu Zhiyuan, Xu,Q. Investor sentiment and corporate investment behavior and efficiency of resource allocation. The Accounting Review, 2010, Vol.11: 49-55. (Published in Chinese)

[4]     Bai,M., Liu Zhiyuan. On the expected earnings management and tax cuts in manufacturing listing Corporation. Securities Market Herald, 2010, Vol.11: 49-54. (Published in Chinese)

[5]     Sheng,M.Q., Liu Zhiyuan. Enlightenment of the financial crisis on the development of fair value accounting. Modern Management Science, 2010, Vol.9: 6-8. (Published in Chinese)

[6]     Yao,Y., Xu,L., Liu, Zhiyua. Taking Away the Voting Powers from Controlling Shareholders: Evidence from the Chinese Securities Market. Journal of International Financial Management & Accounting, 2010, Vol.21, No.3: 187-219.

[7]     Liu Zhiyuan, Li,H.Y. Financial management objectives, shareholders' rights configuration and investor protection. Accounting Research, 2010, Vol.7: 40-45. (Published in Chinese)

[8]     Liu Zhiyuan, Zhang,X.Z. Reflect the company's financing constraints sensitive property investment / cash flow? -- A study of external financing environment. Economic Management, 2010, Vol.5: 105-112. (Published in Chinese)

[9]     Tang,Y., Liu Zhiyuan, Li,W. Listing Corporation escalation in measurement. Contemporary Finance & Economics, 2010, Vol.2: 112-120. (Published in Chinese)

[10] Liu Zhiyuan, Bai,M. Listing Corporation--Empirical Study of cross shareholding. Economic Management, 2010, Vol.1: 118-124. (Published in Chinese)

Non-Peer-Reviewed Journal Papers

[1]     Liu Zhiyuan. CPA enterprises carry out several acquisitions due diligence on,  The Chinese Certified Public Accountant, 2011,Vol.2: 6. (Published in Chinese)

[2]     Mao,S.Z., Liu Zhiyuan, Lin,Y. Research on the relationship between ownership structure and legal protection. Finance and Accounting Monthly, 2010, Vol.20: 85-86.

[3]     Liu Zhiyuan. The company's cross ownership of the economic consequences of analysis - based on the company's share price soared. Communication of Finance and Accounting, 2010, Vol.17: 150-151.

Books and Chapters

[1]     Liu Zhiyuan, Tang Yang. Financial management theory. Beijing: The Press of Renmin University of China, 2013.( Monograph)

[2]     Liu Zhiyuan, Yao Yi. The study on the function of China's securities investment fund and its impact on the capital market. Beijing: Peking University press,2012.( Monograph)

[3]     Horne.J.C.V. (Translated by)Liu Zhiyuan. Finance management and policy (12th Edition). Dalian: the Press of Northeastern University of Finance and Economics, 2011.

[1]     2015.1-2018.12, National Natural Science Foundation of China, the ultimate controller, capital market environment and enterprise risk (PI)

[2]     2011.11-2013.12,National Natural Science Foundation of China, institutional environment, investor sentiment and corporate investment behavior, project number(PI)

Undergraduate: Accounting Theory

Master: Accounting Theory Research, Cost Management Accounting Research,  

            Financial Strategy Research

PhD: Professional English, Chinese Capital Market, Financial Management,  

        Finance and Accounting, Management Control System