[1] Resume is available here

[2] CV is available here

[3] Google Scholar page is here

[4] Evidence of Teaching Effectiveness is here

[5] A media report about my research is available here

Email: luckyxiaosheng@gmail.com

Research interests: Corporate governance, political economy,venture capital,innovation, international business, Chinese economy

Sheng Xiao's Research

REFEREED PUBLICATIONS

Papers in English:

• Refereed Journal Papers

(You can click the titles to view the papers at the publishers' websites. ALL of these journals are indexed in Social Science Citation Index (SSCI)

1. Yunsen Chen, Jianqiao Huang, Sheng Xiao and Ziye Zhao. 2020. The “Home Bias” of Corporate Subsidiary Locations . Journal of Corporate Finance.

2. Rong, Zhao and Sheng Xiao, 2017. Innovation-related diversification and firm value. European Financial Management, 23(3), 475-518.

---Best Paper, Academy of Management Annual Meeting 2014 (Philadelphia).

--Internet Appendix

3. Xiao, Sheng and Shan Zhao, 2014. How do agency problems affect firm performance? Evidence from China. European Journal of Finance 20, 803-828. (Working paper version: please click here).

4.Xiao, Sheng and Shan Zhao, 2012. Financial development, government ownership of banks, and firm innovation. Journal of International Money and Finance 31, 880-906.(Working paper version:please click here)

5. Huang, Linqiang and Sheng Xiao, 2012. How does government ownership affect firm performance?A simple model of privatization in transition economies. Economics Letters 116, 480-482.(Online Technical Appendix (proofs): please click here.)

6. Rousseau, Peter L. and Sheng Xiao, 2008. Change of control and the success of China's share issue privatization. China Economic Review 19, 605-613.(Working paper version: please click here).

7. Rousseau, Peter L. and Sheng Xiao, 2007. Banks, stock markets, and China’s “great leap forward”. Emerging Markets Review 8, 206-217.(Working paper version: please click here) (Ranking among "the top 25 hottest articles in Emerging Markets Review between October and December 2007")

• Refereed Conference Proceedings and Book Chapter

8. Rong, Zhao and Sheng Xiao, 2014. Innovation-related diversification and firm value, In John Humphreys (Ed.), Best Paper Proceedings of Seventy-fourth Annual Meeting of the Academy of Management (ISSN 1543-8643). (Note: this is a 6-page abridged version of the full paper. This version does NOT have any tables in it).

9. Xiao, Sheng and Xiangyi Zhou, 2013. Venture capital investments in China: reputation, syndication and valuation. In Douglas Cumming, Wenxuan Hou et al. (Eds.) The Experiences and Challenges in the Development of the Chinese Capital Market. Palgrave Macmillan, pp.74-96.

Refereed Papers in Chinese:(You can click the titles to view the papers at the publishers' websites)

10. Zhou, Xiangyi, Wenxiu Sun and Sheng Xiao. 2014. Is there "'grandstanding" in the venture capital industry in China? Quarterly Journal of Finance 8，88-126. (CSSCI-indexed; CSSCI: Chinese Social Science Citation Index)

11. Zhou, Xiangyi, Yuhang Wei and Sheng Xiao, 2013. The Impact of Fund Flows on Private Equity Value--Evidence from China. Journal of Shanxi Finance and Economics University. (CSSCI_Indexed)

12. Xiao, Sheng and Shan Zhao, 2003. Corporate diversification, firm performance and ownership structure. Chinese Management Review 6, 79-91.

13 .Xiao, Sheng, 2000. The impact of the information technology revolution on modern finance. Journal of Sichuan University 32, 51-56. (CSSCI-indexed)(One of the first papers to discuss electronic currency, online banks and online security exchange platforms in the Chinese language).

WORKING PAPERS

1. “How does industrial policy affect venture capital performance? Evidence from China” (With Xiangyi Zhou and Kun Chen)

---Presented at FCGE Conference (Tianjin) in 2019

---Presented at China Finance and Accounting Research Conference (Xiamen) in 2018

---Presented at CICF (China International Conference in Finance) (Tianjin) in 2018

---Presented at Financial Intermediation and Market Research Summer Conference (Beijing) in 2017

2. “Media coverage of start-ups and venture capital investments” (With Xiangyi Zhou and Fang Zheng)

---Presented at China Venture Capital Forum (Wuxi) in July 2018. “Best Paper Award” winner

3. “How does political uncertainty affect stock prices? New evidence from prediction markets” (With Raymond Bertheaud)

--Accepted for presentation at Midwest Economic Association Annual Meeting (Chicago) in 2018

--Presented at Utah Academy of Sciences, Arts and Letters Annual Meeting (Cedar City) in 2017

--Presented at Missouri Valley Economic Association Annual Meeting (Kansas City) in 2017

4. “Do independent expert directors matter?” (With Ronald Masulis, Christian Ruzzier and Shan Zhao)

--Semi-finalist for Best Paper Award at Financial Management Association (FMA) Annual Meeting 2013

5. "Ownership structure and corporate risk taking: evidence from an emerging economy" (With Shan Zhao)

---presented at ASSA Annual Meeting (Chicago) in 2017

6. “Legal enforcement and firm value” (With Chuntao Li and Yuan Xue)

7. “Ownership structure and firm innovation” (With Chen Lin and Shan Zhao)

RECENT CONFERENCE DISCUSSION SLIDES

1. China Finance and Accounting Research Conference 2018 (Xiamen, China): Discussion on The Effects of Industrial Policy on M&As in China (Zhang et al. 2018): available at the bottom of this web page

2. European Financial Management Association Annual Meeting 2014 (Rome, Italy): Discussion on Post-IPO Withdrawal Outcomes (Boeh and Dunbar 2014): click here

3. FMA 2013 (Chicago): Discussion on Contractual revisions in compensation: Evidence from merger bonuses to target CEOs (Fich, Rice and Tran 2013): click here

4. FMA 2013 (Chicago): Discussion on Board Changes and CEO Turnover: The Unanticipated Effects of the Sarbanes-Oxley Act (Dah, Frye and Hurst 2013): click here

5. FMA 2013 (Chicago): Discussion on How does Executive Compensation affect Pension Choice? (Thompson 2013): click here

6. Pairs Financial Management Conference 2013 (Paris, France): Discussion on Cash holding in growing firms: Evidence from of French IPOs (Gama 2013): click here

7. European Journal of Finance Conference on Chinese Capital Markets 2011 (Durham, UK): Discussion on Domestic and Foreign Institutional Investor Behavior in China (Liu, Bredin, Wang and Yi 2011): click here

8. Emerging Markets Finance Conference 2011 (London, UK): Discussion on Bank Efficiency, Financial Depth and Economic Growth (Koetter, Hasan, Lensink and Meesters 2011): click here

9. Corporate Governance Workship 2009 (Copenhagen, Denmark): Discussion on Ownership types, CEO and Chairman Political Connections, and Long-run Post-IPO Performance: Evidence from China (Yu 2009): click here.

ACKNOWLEDGEMENT OF RESEARCH FUNDING

I gratefully acknowledge the generous financial support to my research from the following institutions:

• National Natural Science Foundation of China

--National Natural Science Fund (2013--present)

• Westminster College

--Naomi Fallentine Weyher Endowment (2016)

--Gore Summer Research Grant (2016)

--Undergraduate Summer Research Fund (2017- 2020)

--Gore Course Release Fund (2014, 2020)

• University of Minnesota:

---Faculty Research Enhancement Fund (2009-2013)

---Morris Academic Partner Fund (2012-2013)

---Faculty Mentoring Enrichment Fund (2011-2012)

---Research Assistant Fund (2011-2013)

---International Travel Grant (2011).

• Furman University:

---Red Hughes Chair Endowment Fund (2006-2009)

---Faculty Development Grant (2007-2008).

• Chinese Economist Society

--Gregory Chow Fellowship (2007)

• World Bank's Research Grant (2006).

• Vanderbilt University:

---College of Arts and Science Summer Research Grant (2005)

---Kirk Dornbush Summer Research Grant (2003).

REFEREE SERVICE

• Journal of Banking and Finance

• Journal of International Money and Finance

• Entrepreneurship Theory and Practice

• Applied Economics

• Journal of Productivity Analysis

• China Economic Review

• Journal of Business Ethics

• International Review of Economics and Finance

• Emerging Markets Trade and Finance

• Asia-Pacific Journal of Financial Studies

• Explorations in Economic History

• Economics Bulletin

• Journal of Economic and Administrative Sciences

• Journal of Utah Academy of Science, Arts and Letters

For Sheng Xiao's Educational Background, please see here.

For Sheng Xiao's Employment History, please see here.

For Furman University's Study Abroad in China Program in 2007, which was directed by Sheng Xiao, please see here.

For Sheng Xiao's family, please see here.