Resume
Academic Appointments
Professor of Finance, School of Management, Harbin Institute of Technology, since 2022
Assistant Professor of Finance, Lingnan College, Sun Yat-sen University, 2015 - 2022
- Associate Director of M.Sc. in Finance Program, 2017 - 2021
Education
Ph.D., Finance, Singapore Management University, 2015
M.S., Operations Management, Singapore Management University, 2011
B.S., Computer Science, University of Science and Technology of China, 2009
Research Interests
Corporate Finance, Entrepreneurship, Gig Economy, Political Economy
Publications
Boyabatli, O., Leng, T., and Toktay, L.B., 2016. "The Impact of Budget Constraints on Flexible versus Dedicated Technology Choice," Management Science 62(1): 225-244.
Boyabatli, O., and T. Leng, 2017. "The Interaction between Operational Flexibility and Financial Flexibility," Foundations and Trends in Technology, Information and Operations Management 11(1-2): 13-31.
Liu, B., Cao, J., Johan, S., and Leng, T., 2019. "The Real Effect of Liquidity Provision on Entrepreneurial Financing: Evidence from a Natural Experiment in China," European Journal of Finance 25(6): 568-593.
Cao, J., Leng, T., Goh, J., and Malatesta, P., 2020. "The Innovation Effect of Dual-Class Shares: New Evidence from US Firms," Economic Modelling 91: 347-357.
Yang, Z., Leng, T., Pan, L., and Wang, X., 2022. "Paying for Pollution: Air Quality and Executive Compensation," Pacific-Basin Finance Journal 74: 101823.
Leng, T., and Pan, L., 2022. "CEOs' General Managerial Skills and Corporate Risk Taking Subject to The Moderator of CEO Tenure," European Financial Management 29(5): 1620-1656.
Leng, T., Liu, Y., Xiao, Y., and Hou, C., 2023. "Does Firm Financialization Affect Optimal Real Investment Decisions? Evidence from China," Pacific-Basin Finance Journal 79: 101970.
杨子晖, 王姝黛, 李东承, 冷铁成. “债务风险传染的多重网络研究,”《金融研究》，2023年第3期。
Atanassov, J., Julio, B., and Leng, T., 2024. "The Bright Side of Political Uncertainty: The Case of R&D," Review of Financial Studies, accepted.
Mao, Y., Hu, N., Liu, Y., and Leng, T., 2024. "Digital Economy, Innovation, and Firm Value: Evidence from China," Pacific-Basin Finance Journal, accepted.
Working Papers
The Impact of Political Polarization on Corporate Investment, with Julian Atanassov and Brandon Julio.
On 2018 USTC-UW Workshop, 2022 CICF and 2024 EFA program (Bratislava/Scheduled)
Political Polarization and Corporate Investment: Cross-Country Evidence, with Brandon Julio and Ying Liu.
Revised draft posted soon!
Gig Economy and Corporate Investment: Evidence from China, with Ying Liu, Yi Xiao and Yijing Peng.
Under review
Political Uncertainty and Entrepreneurship: Evidence from U.S. State-Level Business Registration Records, with Ying Liu.
Works in Progress
Do Taxes Matter Less Than They Used To? Evidence From Dividends, with Brandon Julio.
The Impact of Centralization of Procurement in the Presence of Financial Constraints, with Onur Boyabatli.
Seminars/Conference Presentations
2024: European Finance Association (EFA) Annual Meeting (Bratislava, Slovakia)*, Anhui University of Finance and Economics (Hefei), Shanghai University of Finance and Economics (Dishui Lake).
2023: Conference on Market Developments and Policy Reforms (AUFE)*, Dongbei University of Finance and Economics (IAER), FMA Annual Meeting (Chicago)*, Harbin Institute of Technology (×2).
2022: China International Conference in Finance (CICF), The 2nd Conference on FinTech, Innovation and Development (Shanghai), Harbin Institute of Technology, Shanghai Lixin University of Accounting and Finance*, Xi'an Jiaotong-Liverpool University, Zhongnan University of Economics and Law*.
2021: Global Chinese Accounting Association Summit*, Guangdong University of Finance and Economics, Sun Yat-sen University, Zhongnan University of Economics and Law.
2019: Lingnan Accounting and Finance Workshop, University of Denver Summer Finance Conference*, University of Science and Technology of China, Shanghai Green Finance Conference*.
2018: University of Texas at Dallas*, USTC-UW Workshop on Fintech and Management Innovation, Sun Yat-sen University.
2017: SFS Finance Cavalcade (Nashville)*, Finance Down Under Conference (Melbourne), Asian Bureau of Finance and Economic Research (ABFER) Conference, Chulalongkorn Accounting and Finance Symposium (Bangkok), Midwest Finance Association (MFA) Annual Meeting (Chicago)*, Chinese University of Hong Kong*, Fudan University*, Peking University (HSBC), University of Delaware*.
2016: AFA Annual Meeting (San Francisco), Edinburgh Corporate Finance Conference*, China International Conference in Finance (CICF)*, Emerging Markets Finance Conference (Bombay), Impact of Uncertainty Shocks on the Global Economy Conference (London)*, FMA Asia/Pacific Conference (Sydney), FMA Annual Meeting (Las Vegas)*, Supply Chain and Finance Annual Symposium (IE Business School)*, University of Illinois at Chicago*, University of Pittsburgh*, University of Zurich*, Koc University*, Peking University (HSBC)*.
2015: FSU SunTrust Beach Conference*, SMU Finance Summer Camp, SMU Finance Brownbag (×2), Asian Bureau of Finance and Economic Research (ABFER) Annual Conference*, China International Conference in Finance (CICF×2)*, FMA Annual Meeting (Orlando), CAFR/JAAF Conference*, University of Oklahoma*, University of New South Wales, Bristol University, Deakin University*, Monash University*, Central University of Finance and Economics, Cheung Kong Graduate School of Business*, Peking University (Guanghua)*, Remin University of China, Sun Yat-sen University.
2014: Boston University*, NBER Entrepreneurship Research Boot Camp (Boston), NBER Entrepreneurship Working Group Meeting (invited participant), SMU Finance Summer Camp, Australasian Finance and Banking Conference, University of Macau*, Zhejiang University*.
2013: SMU-SUFE Summer Institute of Finance Conference (Shanghai), Supply Chain and Finance Annual Symposium*, M&SOM Conference on Joint Operational and Financial Decisions of Firms*.
(*presented by co-author)
Conference Discussions
China International Conference in Finance (CICF), 2014, 2015, 2016, 2019
FMA Asia/Pacific Conference, 2016
Ad-Hoc Reviewer for:
Journal of Financial and Quantitative Analysis
Journal of Corporate Finance
Journal of Banking & Finance
Teaching Experience
Instructor, School of Management, Harbin Institute of Technology
Data Analysis Using Stata (Undergraduate), Spring 2024
Globalization and International Business (in English), Fall 2024
Instructor, Lingnan College, Sun Yat-sen University
Economics of Money and Banking (Undergraduate), Spring 2018-2021
- Recipient of 2021 First-Class Undergraduate Course of Guangdong Province
Financial Executives Lecture Series (Undergraduate), Spring 2017-2021
Principles of Finance (Undergraduate), Spring 2016, 2017
Corporate Finance (Undergraduate), Spring 2017
Corporate Finance (MBA), Spring 2018, 2019
Empirical Research Methods (PhD), Fall 2017, 2018
Industry Experience
Research Associate, Fixed Income and Absolute Investment Department, China Investment Corporation, Beijing, Winter 2012.
Research Grants
Harbin Institute of Technology Start-up Research Grant (RMB500,000), 2022-2025
Lingnan (University) College Start-up Research Grant (RMB350,000), 2015-2021
Fundamental Research Funds for the Central Universities (RMB75,000) 2016-2019
Honors and Awards
Best Paper Award, Global Chinese Accounting Association Summit, 2021
Lingnan (University) College Distinguished Service Award, 2018
Lingnan (University) College Distinguished Research Award, 2017
Semifinalist for Best Paper Award in Corporate Finance, FMA Annual Meeting, 2015
Conference Travel Grant, SMU, 2014, 2015
NBER Entrepreneurship Research Boot Camp, NBER/Ewing Marion Kauffman Foundation, 2014
Presidential Doctoral Fellowship, SMU, 2014-2015
AFA Doctoral Student Travel Grant, AFA, 2014
Doctoral Scholarship, SMU, 2011-2014
M.S. (by Research) Scholarship, SMU, 2009-2011
Theoretical Computer Science Winter School, CUHK, 2008
Scholarship for Academic Distinction, USTC, 2005-2009