Financial Management

Financial Management
Tel: 022-23503929
  • Biography

  • Research & Achievement

  • Projects

  • Teaching

Research Areas

Corporate Financial Management, Logistics Finance,

Portfolio Investment and Securities Market Analysis,

Financial Report Analysis


2006, Ph.D. in Financial Management, NankaiUniversity

Professional Experience

1995.12-Present, Professor, Department of FinancialManagement, Business School of Nankai University


[1]    2012, The 2nd National MPAcc Award for Outstanding Teaching Case

[2]    2012, The 3rd National “100 Excellent Management Case” Award

[3]    2012, HonoraryTitle of Ten Most Respected Business School Professors in China

[4]    2012, ExcellentGuide Teacher of Students Extracurricular Academic Science and TechnologyInnovation and Entrepreneurship Activities in Nankai University

[5]    2012, Excellent Communist in BusinessSchool of Nankai University

[6]    2011, BestPaper Award of China Academy of Management

[7]    2010, 2nd Prize of the 6th Best Paper Award of Logistics Technology Journal

Social Service


[1]    2007-Present,International Certified Management Consultant

[2]    2006-Present,Consultant for Tianjin Government


Working ExperienceRelated with Profession

[1]    2013-Present,Beijing Shenhuaxin Co.,Ltd.

[2]    2012-Present,Independent Director in Sichuan Datong Gas Co.,Ltd.

[3]    2011-Present,Independent Director in Tianjin Zhonghuan TIG Co.,Ltd.

[4]    2010-Present,Independent Director in Tianjin Hi-Tech Co.,Ltd.

[5]    2009-Present,Independent Director in Tianjin CIITY Co.,Ltd.

Peer-Reviewed Journal Papers


[1]     Li L., Guan Y. and Gu C. Study on Impact of GovernanceSupervision Mechanism on Over Investment of China’s Listed Companies: theApplicability of Agent Theory. ManagementReview. 2014, No.5:139-148.(Published in Chinese)

[2]     Li L., Gu C. and Yang Y. Research on Building the CreditInformation Platform of Science-and-Technology based SMEs in the Background ofBig Data—Based on the Discussion of Eliminating “Covert Barriers”. China Business and Market. 2014, No.8:53-69.(Publishedin Chinese)

[3]     Li L., Yan B. and Gu C. Intellectual Property Protection,Information Asymmetry and High-tech Enterprises Financing Structure. Management World. 2014, No.11:1-8.(Publishedin Chinese)



[1]     Li L., Gao H. and Gu C. Research on Industrial Structure andPerformance of POEs from Political Connection Perspective: Based on POEs’ Datafrom 2005 to 2010. Nankai BusinessReview. 2013, No.4:94-105.(Publishedin Chinese)

[2]     Li L., Guan Y. and Gu C. Research on the Construction ofTechnology-based SMEs’ Financing Platform. China Business and Market. 2013, No.11:84-89.(Published in Chinese)

[3]     Xue D., Li L. andGuan Y. A Study of the Management Framework of Commercial Bank’s TransactionRisks in Financial Market—From the Perspective of the Interactions among CreditRisks, Market Risks and Operational Risks. Finance Forum. 2013, No.11:59-64.(Publishedin Chinese)



[1]     Li L., Gao H. and Guan Y. The Research on InvestorRelationship Management of Domestic A-H Listed Banks. China Business and Market. 2012, No.9:123-127.(Publishedin Chinese)

[2]     Li L., Gao H., Zhang J. and Li Y. Role ofDevelopment-oriented Finance in Supporting Circular Economy of China: the Caseof Miluo. Logistics Technology. 2012, No.5:1-5.(Publishedin Chinese)



[1]     Li L., Gao H. and Gu C. Research on 4PL Service ModelInnovation Based on Low-carbon Economy. LogisticsTechnology. 2011, No.17:1-5.(Published in Chinese)

[2]     Li L., Xue D., Liu J, and Yuan D. Cost Reconstruction andManagement in Domestic Iron and Steel Supply Chain: under the Low-carbonEconomy. Public Finance Research. 2011, No.2:55-58.(Published in Chinese)

[3]     Li L., Xue D. and Liu J. The Influence of Carbon EmissionCost to Getting Excess Profit by Chinese Oil Supply Chain—Based on Shapley GameModel. China Business and Market. 2011, No.1:36-40.(Published in Chinese)

[4]     Liu J., Li L. andGuan Y. Construction of Overseas Mergers and Acquisitions of Resource BasedEnterprises and its Internal Control Mode. Modern Finance and Economics-Journal. 2011, No.1:29-33.(Publishedin Chinese)

[5]     Li L. and Xue D. Chinese Logistics Industry InternationalCompetitiveness Evaluation Based on Fuzzy Analysis Method. China Mechanical Engineering. 2011, No.12:1435-1440.(Publishedin Chinese)



[1]     Li L., Wang Q., Wu F. and Zhang T. CircularEconomy-oriented Logistics Financial Service Innovation: a Reverse LogisticsPerspective. Logistics Technology. 2010, No.12:18-38.(Published in Chinese)

[2]     Li L., Yuan D. and Che J. Research on the Risk EvaluationSystem of Logistics Finance in China. LogisticsTechnology. 2010,No.5:51-54.(Published in Chinese)

[3]     Li L. and Xue D. Research on the Effect of PoliticalConnection on Firm Performance in China. Reviewof Corporate Governance. 2010,No.1:207-227.(Published in Chinese)

[4]     Cui S., Zhang W. and LiL. Research on the Cost Compositions and Cost Management of Chinese OilSupply Chain. China Business andMarket. 2010,No.2:56-61.(Published in Chinese)


Conference Presentations

[1]     Li L., Lin H. and Yuan C. Research on the Impact ofGovernment Subsidies on the Debt Financing of High-tech Enterprises[C] // 9th Academy of Management Conference.Guangzhou, 2014.11.

[2]     Li L., Zhao Q. and Yu J. Research on the Impact ofFinancing Constraints on R&D Investment in Private High-tech Enterprises[C]// 9th Academy of Management Conference.Guangzhou, 2014.11.

[3]     Li L., Gu C. and Guan Y. Research on theInfluence of Intellectual Property Protection Level to High-tech Enterprises’Financing Structure[C] // Western Conference Association for AsianStudies.U.S.A., 2014.10.

[4]     Li L., Chang C. and Guan Y. A Study on theBackground of Central Enterprise’s Leader, Political Incentive and EnterprisePerformance[C] // WesternConference Association for Asian Studies. U.S.A., 2014.10.

[5]     Li L., Gao H. and Chen J. Signaling Games for High-techEnterprises Debt Financing[C] // 2013Corporate Governance Conference & 2013 Accounting Empirical Seminar.Shanghai, 2013.11.

[6]     Li L., Gao H. and Guan Y. Construction andEvaluation on the Internal Control Mode in Overseas Mergers and Acquisitions[C] // 2012 3rd International Conference. Shanghai, 2012.5.

[7]     Li L., Zheng X. and Zhang X. A study on the InteractiveDevelopment of Service Outsourcing Industry and Financial Service Industry inTianjin[C] // Tianjin International TradeAssociation. Tianjin,

[8]     Li L., Gao H. and Zhao L. Analysis on the Differences ofInternal Economic Performance in the Economic Integration of East Asia[C] // Tianjin International Trade Association.Tianjin, 2011.12.

[9]     Li L., Che J. and Zhao L. Market Entry, PoliticalConnection and Financing Constraints of Private Enterprises[C] // The 6th Academy of ManagementConference. Chengdu, 2011.9.

[10] Li L., Che J. and Xue D. Market Entry, PoliticalConnection and Financing Constraints of Private Enterprises[C] // The 6th International Symposiumon Corporate Governance. Dalian, 2011.8.

[11] Li L. and Xue D. Political Connection, Rent SeekingEnvironment and Financing Constraints of Private Enterprises[C] // The 6th International Symposiumon Corporate Governance. Dalian, 2011.8.

[12] Li L. and Xue D. The Research on Oil Supply Chain CostDistribution Based on Stackelberg Game Model[C] // ICLEM2010 (EI). Chengdu, 2010.5.

[13] Li L. and Liu J. Study on SCM Model of China's PetroleumIndustry Based on Cyclic Economy Idea[C] //  InternationalLogistics Annual Meeting.2010.3.


Books and Chapters

[1]    Li L. TheStudy on the Impact on Interactive Mechanism of Investment and Financing ofChinese POEs from Political Connection. Beijing: Economic Science Press, 2014.(Editor-in-Chief)

[2]    Li L. Researchon the Operation and Management of Chinese Enterprises Investment and Financingunder the Background of Financial Crisis. Tianjin: Nankai University Press, 2011.(Editor-in-Chief)

[3]    Li L. and LiuJ. Theory and Practice of CorporateInvestment and Financing in China under Circular Economy Framework. Beijing:Economic Science Press, 2010. (Editor-in-Chief)


[1]   2014.6-2015, Key Subjects of Tianjin Municipal Governmentfor Policy Consulting, Research on the Interaction Development between High-techSMEs in Tianjin and Internet Finance—Basedon the Study of How to Eliminate the Covert Barriers (PI)

[2]   2014.1-2015, Humanities and Social SciencesResearch Project of Ministry of Education, Research on the Impact of PolicyDrivers on the Interaction Mechanism between Investment and Financing ofChinese Private Enterprise: Barriers to Entry and Financing Constraints (PI)

[3]   2013.1-2014, Key Subjects of Tianjin Municipal Governmentfor Policy Consulting, Research on the Interaction Mechanism between the Developmentof Medium and Small Science and Technology Based Enterprises in Tianjin andModern Finance Industry(PI)

[4]   2013-2016, The National Science Foundation ofChina, Research on the Protection of Intellectual Property Rights, theAcquisition of Political Resource and the Financing Behavior of High-techEnterprise (PI)

[5]   2010.1-2013.12, Tianjin Municipal Science andTechnology Commission Project, Construction of Innovation System andInteractive Mechanism of Investment and Financing of State-owned Groups—Based on the Research on EightState-owned Groups (PI)

[6]   2010.1-2011.12, Key Subjects of Tianjin MunicipalGovernment for Policy Consulting, Interactive Mechanism between the FinancialService Industry and the Manufacture Industry in Tianjin under the Backgroundof Industrial Adjustment(PI)

[7]   2009.1-2011.12, The National Soft Science ResearchProgram, Cost Management of Chinese Petroleum Supply Chain Based on the ERPSystem (PI)

[8]   2008.1-2011.12, Humanities and Social SciencesResearch Project of Ministry of Education, Interactive Mechanism betweenInvestment and Financing of Chinese Enterprises under the Framework of CircularEconomy (PI)

[9]   2008.1-2011.12, Tianjin Innovation Fund Project, Suggestionon the Interactive Development Between Financial Service Industry andManufacture Industry(PI)


Undergraduate: Training and Research on Innovation,Financial Statement Analysis,  

                        EnterpriseFinancial Diagnosis

Master: Corporate Finance, Financial StatementAnalysis, Financial Management

PhD: Corporate Finance, Literature Reading