Biography
Research & Achievement
Projects
Teaching
Corporate finance, Capital Market and Accounting,
Management Control System
1990-1994, PhD in management, Major ineconomics, Nankai University
1989-1990, Joint PhD in Management
1984-1987, Master in management, Major ineconomics, Nankai University
1978-1982, Bachelor of Science, PhysicsDepartment, Qinghai Normal University
Further Educationand Training Experience
2002.9-2003.9,Fulbright senior research scholar, University of Southern California, the UnitedStates to visit learning
1998.12-Present,professor, in the Accounting Department of International Business School ofNankai University
1997.11-2015.12,the Associate Dean of the Business School, Nankai University
1996.3-2007.9,the director of the Accounting Department, Nankai University 1982.7-1984.8, assistantlecturer, in Physics Department, Qinghai Normal College
[1] 2014, Nankai University, Social Sciences outstandingachievement award (publishing 4 CSSIC papers)
[2] 2013, Nankai University, Social Sciences Award(publishing 3 CSSCI papers)
[3] 2013, Nankai University, Social Sciences Award(natural fund project performance evaluation is excellent)
[4] 2013, Tianjin, the 13th Social Sciencesoutstanding achievement (Financial management objectives, shareholders' rightsand investor protection)
[5] 2012, MPAcc center, excellent master ofaccounting, Nankai University
[6] 2010, Tianjin, the 12th Social Science Award foroutstanding achievements(The market shocks, institutional investors and marketstability)
[7] 2010, Tianjin, the 12th Social Science Award foroutstanding achievements (Decision-making responsibility, the original natureof the cognitive, the capital budget of the project: evidence based onSimulation tests)
WorkingExperience Related with Profession
[1] 2014.12-Present, executive director, China'sforeign economic and Trade Accounting Society
[2] 2012.6-Present, member, the academic committee ofthe China Foreign Economic and trade accounting academic society
[3] 2011.9-Present, Chairman, vice president anddirector, quality assessment committee of China Internal Audit Association
[4] 2011.5-Present, expert, National Academy ofSocial Sciences, discipline planning and evaluation
[5] 2011.4-Present, expert, CSC
[6] Consultant, Tianjin foreign economic and TradeAccounting Society
[7] Vice president, Tianjin intangible assets
Peer-Reviewed Journal Papers
2014
[1] Liu Zhiyuan, Jin,G.H.,Huang,H.B. Investor sentiment, soft budget constraints and investment cash flowsensitivity. Research onEconomics and Management, 2014, Vol.2: 56-62. (Published inChinese)
[2] Shao,J., Liu Zhiyuan. Corporategovernance and enterprise internal capital allocation efficiency -- Based onempirical test of China's Group Holding Companies. Research on Financial andEconomic Issues, 2014, Vol.1: 80-87. (Published in Chinese)
[3] ErweiXiang; Gloria Y. Tian; Fan Yang; ZhiyuanLiu. Do mutual funds have information advantage? Evidence fromseasoned equity offerings in China. International Review of FinancialAnalysis, 2014, Vol.31: 70-79.
[4] Hua,G.R.,Zheng.K., Liu Zhiyuan. Governmentcontrol, investor sentiment and corporate capital investment. ManagementReview, 2014, Vol.3: 53-60. (Published in Chinese)
[5] Zheng,K., Liu Zhiyuan. Theinquiry 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, theintrinsic 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 causeChina listing Corporation business credit cyclical changes. Research on Economics and Management, 2014, Vol.6: 41-56. (Published inChinese)
2013
[1] Yao,Y., LiuZhiyuan, 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 andlocal state-owned enterprise market competitiveness--Based on the perspectiveof cash held by the competition effect. Research on Economics andManagement, 2013, Vol.249: 28-38. (Published in Chinese)
[3] Liu Zhiyuan, Jin,G.H. Investor sentiment and corporateinvestment efficiency--An Empirical Study on the role of shareholder equityratio and the separation of the two powers. Management Review, 2013, Vol.25, No.05: 82-91. (Publishedin Chinese)
[4] Wang,Y., Liu Zhiyuan, Jin,G.H. The deterrent effect of cash holdingsin the product market competition--Based on the empirical analysis of China'smanufacturing industry listing Corporation. Systems Engineering, 2013, Vol.31: 1-12. (Published inChinese)
[5] Huang,H.B., Liu Zhiyuan. Investor sentiment and corporate creditresource 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 impactof credit allocation efficiency. Systems Engineering, 2013, Vol.4:1-12. (Published in Chinese)
[7] Yi Yao; Rong Yang; Zhiyuan Liu; Iftekhar Hasan. Governmentintervention and institutional trading strategy: Evidence from a transitioncountry. Global Finance Journal, 2013, Vol.24, No.1: 44-68.
2012
[1] Liu Zhiyuan, Jin.G.H., Huang,H.B. The controllingshareholder to cater to investor sentiment and corporate investment: AnEmpirical 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'sinvestment 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 controllingshareholder of the listing Corporation to choose the IPO: empirical analysis. Journalof Finance and Economics, 2012, Vol.9: 69-80. (Published inChinese)
[4] Zhang,X.Z.,Liu Zhiyuan, Wang,J.The burden of government regulation,financing constraints and enterprise growth--Analysis of enterprise survey databased on the experience. Modern Economic Science, 2012, Vol.4:95-128. (Publishedin Chinese)
[5] Yao,Y., LiuZhiyuan, Xiang,E.W. Quantitative funds investment in the stockmarket price pressure effect analysis. Shanghai Finance, 2012, Vol.6:56-62. (Published in Chinese)
[6] Liu Zhiyuan, Jin, G. H.,Wang,Y. Cross section characteristicdifference, investor sentiment and enterprise investment. Research onEconomics and Management, 2012, Vol.5: 89-97. (Published inChinese)
[7] Zhang,X.Z., Liu Zhiyuan, Wang,J. Enterprise scale and R&D into theresearch on the relationship between the analysis of the profitability of theenterprise based on the research of science. Studies in Science ofScience, 2012, Vol.2: 265-274. (Published in Chinese)
[8] Zhang,X.Z., Liu Zhiyuan, Wang.J. The dual effect of the monetary policyof the investment company. Journal of Management Sciences, 2012, Vol.5:108-119. (Published in Chinese)
2011
[1] Yao,Y., LiuZhiyuan, Xiang,E.W. Phase two health, whether Chinese fund thepursuit of value in the investment? Economic Research Journal, 2011,Vol.12: 45-58. (Published in Chinese)
[2] Bai,M., LiuZhiyuan. The fair value measurement and decision-making informationlevel -- Based on empirical evidence Chinese listing Corporation. Researchon Economics and Management, 2011, Vol.11: 101-106. (Publishedin Chinese)
[3] Hua,G.R., Liu Zhiyuan, Xu,Q.Investor sentiment, managerial optimism and investment behavior. Journalof Financial Research, 2011, Vol.9: 178-191. (Published inChinese)
[4] Zhang,X.Z., Liu Zhiyuan. The adjustment of the impact of monetary policyon Commercial Bank China credit distribution: a case study from the micro dataof the company. Finance and Trade Economics, 2011, Vol.8: 59-67. (Publishedin Chinese)
[5] Liu Zhiyuan, Zheng,K., He,Y.N. The first stage of bookbuilding 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 theinterests of small investors. Management World, 2011, Vol.3: 144-153. (Publishedin Chinese)
[7] Liu Zhiyuan, Zheng,K., He,Y.N. An inquiry object between competitionor collusion -- Based on the analysis of characteristics of IPO net placement. Securities Market Herald, 2011, Vol.3: 35-44. (Published inChinese)
[8] Shao,J., Liu Zhiyuan. The market environment, the nature of ownershipand the group's internal capital allocation efficiency. Inquiry intoEconomic Issues, 2011, Vol.3: 111-116. (Published inChinese)
2010
[1] Tang,Y., Liu Zhiyuan, Li,W. For the behavior of large shareholders inSEO 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 legalprotection of investors and the ultimate ownership structure. Finance andGrade Research, 2010, Vol.6: 97-104. (Published inChinese)
[3] Hua,G.R., Liu Zhiyuan, Xu,Q. Investor sentiment and corporateinvestment behavior and efficiency of resource allocation. The AccountingReview, 2010, Vol.11: 49-55. (Published in Chinese)
[4] Bai,M., LiuZhiyuan. On the expected earnings management and tax cuts inmanufacturing 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 thedevelopment of fair value accounting. Modern Management Science, 2010, Vol.9: 6-8. (Published inChinese)
[6] Yao,Y., Xu,L., Liu, Zhiyua. Taking Away the Voting Powers from ControllingShareholders: Evidence from the Chinese Securities Market. Journal ofInternational 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. AccountingResearch, 2010, Vol.7: 40-45. (Published in Chinese)
[8] Liu Zhiyuan, Zhang,X.Z. Reflect the company's financingconstraints sensitive property investment / cash flow? -- A study of externalfinancing environment. Economic Management, 2010, Vol.5: 105-112. (Publishedin Chinese)
[9] Tang,Y., Liu Zhiyuan, Li,W. Listing Corporation escalation inmeasurement. Contemporary Finance & Economics, 2010, Vol.2:112-120. (Published in Chinese)
[10] Liu Zhiyuan, Bai,M. Listing Corporation--Empirical Study ofcross shareholding. Economic Management, 2010, Vol.1: 118-124. (Publishedin Chinese)
Non-Peer-Reviewed Journal Papers
[1] Liu Zhiyuan. CPA enterprises carry out several acquisitionsdue 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 betweenownership structure and legal protection. Finance and Accounting Monthly, 2010,Vol.20: 85-86.
[3] Liu Zhiyuan. The company's cross ownership of the economicconsequences 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'ssecurities 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 NortheasternUniversity of Finance and Economics, 2011.
[1] 2015.1-2018.12, National Natural ScienceFoundation of China, the ultimate controller, capital market environment andenterprise risk (PI)
[2] 2011.11-2013.12,National Natural ScienceFoundation of China, institutional environment, investor sentiment andcorporate investment behavior, project number(PI)
Undergraduate:Accounting Theory
Master: Accounting Theory Research, Cost ManagementAccounting Research,
FinancialStrategy Research
PhD: Professional English, Chinese Capital Market, FinancialManagement,
Finance and Accounting, Management Control System
