Xu Xiaodong





    Prof. Xu received his Ph.D. in Accounting from the School of Economics and Management, Tsinghua University. He currently teaches Financial Statement Analysis, Financial Accounting, Corporate Finance, and Multinational Financial Management. His research focuses on the role of accounting information in capital markets, conservatism, earnings management, corporate governance, environment management, and securities market regulation. His research papers have been published in the Journal of Business Ethics, Pacific-Basin Finance Journal, Business Strategy and the Environment, Journal of Cleaner Production, China Accounting and Finance Review, China Finance Review International, Economic Research Journal (in Chinese), China Accounting Review, among others. He is the winner of 2001 the Tsinghua SEM Kobayashi's China Economic Research Fund Award, 2003 Tsinghua University Outstanding Doctoral Dissertation Award, and 2008, 2010, and 2011 Shanghai Jiao Tong University Excellent Annual Assessment Award. Prof. Xu visited Columbia Business School and Hong Kong Polytechnic University as visiting professor. He is a council member of the Board of Directors of China Accounting Review, and an editor of the Journal of Systems Management (in Chinese). In past ten years, he served as an independent director for nearly 10 companies.




    Accounting Information in Capital Markets, Conservatism, Earnings Management, Corporate Governance, Environment Management, Securities Market Regulation


    1.Kim, Jeong-Bon, Steven Shuye Wang, and Xiaodong Xu, “Firm Performance and the Ownership of the Largest Shareholder”, Working paper presented by Xiaodong Xu in the European Accounting Association 2006 Annual Congress, March 22-24, Dublin,Ireland.
    2.Kim, Jeong-Bon, Steven Shuye Wang, and Xiaodong Xu, “Cash Flow, Working Capital Changes and Investment in China”, Working paper accepted to be presented by Xiaodong Xu in the American Accounting Association 2007 Annual Meeting, August 5-8, Chicago,USA.



    1. Xu,X.D. and Xu, H.F.,2018." Investment-Internal Capital Sensitivity, Investment-Cash Flow Sensitivity and Dividend Payment", China Finance Review International, Accepted.

    2. Xu, X. D., S. X. Zeng and H.Q.Chen, 2018. "Signaling Good by Doing Good: How Does Environmental Corporate Social Responsibility  Affect International Expansion?" Business Strategy and the Environment, 27,946-959.

    3. Chen, X., Y. Sun and X.D. Xu (Corresponding author), 2016, “Free Cash Flow, Over-Investment and Corporate Governance in China”, Pacific-Basin Finance Journal, Vol. 37 Iss:1, pp. 81-103. 

    4. Xu, X. D., S. X. Zeng, H. L. Zou, and Jonathan J. Shi, 2016 "The Impact of Corporate Environmental Violation on Shareholders’ Wealth: A Media Coverage Perspective". Business Strategy and the Environment, Vol. 25 Iss:2,pp.73-91. 

    5. Meng, X. H.,S. X. Zeng,C. M. Tam,X. D. Xu,2013."Whether Top Executives' Turnover Influences Environmental Responsibility: From the Perspective of Environmental Information Disclosure". Journal of Business Ethics,  Vol. 114 Iss:2, pp.341-353.

    6. Zeng, S.X., X.D. Xu, H.T. Yin, and Vivian W.Y. Tam.,2012."Factors that Drive Chinese Listed Companies in Voluntary Disclosure of Environmental Information".Journal of Business Ethics, Vol. 109 Iss:3, pp.309-321.

    7. Xu, X.D.,X. Wang,and N. Han,2012, "Accounting Conservatism, Ultimate Ownership and Investment Efficiency". China Finance Review International,Vol. 2 Iss:1, pp.53 - 77.

    8. Xu,X. D., S. X. Zeng,and C. M. Tam,2012,"Stock Market's Reaction to Disclosure of Environmental Violations: Evidence from China".Journal of Business Ethics, Vol. 107 Iss:2, pp.227-237.

    9. Xu, X.D.,X. Wang,and Y. Jin, 2010, "Releasing of Restricted Shares, Firm Quality, and Market Trading Activity", China Finance Review International, Vol. 1 Iss: 1, pp.78 - 97.

    10. Zeng, S.X., X.D. Xu, Z.Y. Dong, and Vivian W.Y. Tam., 2010, "Towards Corporate Environmental Information Disclosure: An Empirical Study in China". Journal of Cleaner Production, Vol.18, no.12, pp.1142-1148.

    11. Chen, Xiaoyue, Jeong-Bon Kim, Steven Shuye Wang, and Xiaodong Xu(Corresponding author) , 2007,"Firm Performance and the Ownership of the Largest Shareholder", Corporate Ownership and Control, Volume 4, Issue 3, Spring,126-138.

    12. Xu, Xiaodong and Xia Wang, 2006, "Corporate Governance, Firm Performance and Ownership of the Largest Shareholders", China Accounting and Finance Review, 1, March, 99-184.



    Undergraduate and Graduate

    1. Financial Accouting

    2, Corporate Finance

    3. Financial Statement Analysis and Valuation

    4. Multinational Financial Management