Jin, Li
Finance
Professor
TEL：86-10-62767157
Email：ljin@gsm.pku.edu.cn
CV in Chinese 
CV in English
- Biography
- Publications
- Current Research
- Teaching
Dr. Li Jin currently serves as Chair Professor of Finance at Guanghua School of Management in Peking University. He is the Director of the National Centre for Financial Research at Peking University, as well as the Director of the Management Case Research Centre at Peking University.
In the past, he has been a finance professor at the Harvard Business School and also served as an executive committee member of the Fairbank Centre for East Asian Research at Harvard University. He currently also serves as Professor of Finance at Oxford University Saïd Business School, and is a member of Oxford University China Centre.
Li Jin currently serves as the Founding Academic Director of the Harvard-Oxford-Peking University Family Business and Private Sector Business Program. He is an internationally recognized expert of corporate governance, and serves on the board and scientific committee of Global Corporate Governance Colloquia representing China. He has been serving as the director and senior advisor of many academic and practitioner organizations around the world, and the independent director or outside director for many listed and non-listed firms, fund management companies and SEOs in China and abroad. He also serves as the senior counselor or the committee in several academic and practical institutions domestic and overseas.
Li Jin has published numerous articles at leading academic journals including Journal of Finance, Journal of Financial Economics, Review of Financial Studies, Journal of Accounting And Economics, Review of Economics and Statistics, etc. He has earned rewards such as FAME Research Prize, PanAgora Quantitative Research Award, and Best Paper Award in TCFA Conference, Financial Management Association European Conference, and Global Financial Association Annual Conference, etc. He has authored or co-authored about two dozen cases studies about Chinese companies.
Li Jin received his Ph.D. in finance from the MIT Sloan School of Management in 2001, and a bachelor's degree in economics from Fudan University in 1992. Before entering graduate school, he was a full time faculty member at Fudan University, Department of International Finance.
Research Areas
Investment and finance
Merger and acquisition
Private equity and venture capital
Corporate governance
Wealth management
Family trust
Family business succession planning
Corporate governance issues for family businesses
Quantitative finance
Education
2001 |
Ph.D. |
Finance |
Massachusetts Institute of Technology |
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1996 |
MA |
Economics |
Rutgers University |
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1992 |
BA |
Economics |
Fudan University |
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Professional Experiences
2012.7 –
Chair Professor of Finance, Guanghua School of Management, Peking University
Professor of Finance(with tenure), Saïd Business School, Oxford University
2007.7 – 2012.6
Associate Professor of Finance, Harvard Business School
2001.7 – 2007.6
Assistant Professor of Finance, Harvard Business School
1992.7 – 1994.5
Faculty Member, Department of International Finance, Fudan University
Publications
Research Articles
Dai, Zhonglan, Li Jin and Weining Zhang, “Executive pay-performance-sensitivity and litigation”, forthcoming, Contemporary Accounting Review.
Choi, James, Li Jin and Hongjun Yan, “What does ownership breadth measure?”, Review of Finance, vol. 17, no. 4, July 2013, pp. 1239-1278. (Lead article)
For an appendix of the data used in this paper, please visit
(http://crm.gsm.pku.edu.cn/linkfiledir/UploadFiles/File/202001/20200114095942075.zip)
Huang, Yasheng, Li Jin, and Yi Qian, “Does Ethnicity Pay? Evidence from Overseas Chinese FDI in China,” Review of Economics and Statistics, vol. 95, no. 3, July 2013, pp. 868-883.
Desai, Mihir A., and Li Jin, “Institutional Tax Clienteles and Payout Policy,” Journal of Financial Economics, vol. 100, no. 1, April 2011, pp. 68-84.
Jin, Li and Anna Scherbina, “Inheriting Losers,” Review of Financial Studies, vol. 24, no. 1, March 2011, pp. 786-820.
Jin, Li and S.P. Kothari, “Effect of Personal Taxes on Managers’ Decisions to Sell Unrestricted Equity,” Journal of Accounting and Economics, vol. 46, no. 1, September 2008, pp. 23-46.
Jin, Li and Stewart Myers, “R-squared Around the World: New Theory and New Tests,” Journal of Financial Economics, vol. 79, no. 2, February 2006, pp. 257-292.
Jin, Li, “Capital Gain Tax Overhang and Price Pressure,” Journal of Finance, vol. 61, no. 3, June 2006, pp. 1399-1430.
Jin, Li, Robert C. Merton and Zvi Bodie, “Do a Firm’s Equity Returns Reflect the Risk of Its Pension Plan?,” Journal of Financial Economics, vol. 81, no. 1, July 2006, pp. 1-26.
Jin, Li, “CEO Compensation, Diversification and Incentives,” Journal of Financial Economics, vol. 66, no. 1, October 2002, pp. 29-63.
Discussion of “Institutions and Information Environment of Chinese Listed Firms,” by Joseph Piotroski and TJ Wong, included in the collective volume, Capitalizing China: Translating Market Socialism with Chinese Characteristics into Sustained Prosperity, edited by Joseph Fan and Randall Morck, National Bureau of Economic Research, forthcoming, University of Chicago Press, 2011.
Working Papers
Fan, Joseph, Li Jin, and Guojian Zheng,“Internal capital market in emerging markets: expropriation and corporate governance”
Non-academic Articles and Media Interviews on China
China’s Solution to Its 3 Trillion Dollar Foreign Exchange Reserve Problem, policy research article sent to the Politburo members (25 of the most senior leaders in China, including the Chinese Premier, Wen Jiabao), Li Jin, Gongsheng Pan (currently serving as Vice Governor of the Chinese Central Bank) and Ming Wang (Director General of the Research Office of the Chinese State Council), August 2011.
Interview with Tom Ashbrook, “On Point”, National Public Radio, “Kissinger on China,” May 12, 2011.
Interview with Tom Ashbrook, “On Point”, National Public Radio, “China, America & Questions in the Balance,” January 20, 2011.
Interview with Tom Ashbrook, “On Point”, National Public Radio, “Geitner Goes to China”, June 2, 2009
A Better Solution for China, Op-ed piece, Li Jin and Shan Li, The Wall Street Journal, July 3, 2008.
The U.S.-China Trade Deficit, Debunked, Op-ed piece, Li Jin and Shan Li, The Wall Street Journal, May 22, 2007.
HBS Cases and Teaching Materials
McFarlan, F. Warren, Li Jin, and Tracy Manty, "China's Financial Markets: 2006," Harvard Business School Note 307-058.
Jin, Li, and Bingxing Huo, "China's Financial Markets: 2007," Harvard Business School Note 208-147.
Jin, Li, Michael Shih-ta Chen, and Aldo Sesia, "The Chubb Corporation in China," Harvard Business School Case 209-021.
Jin, Li, Li Liao, Huabing Li, and Jielun Zhu, "Framedia (A)," Harvard Business School Case 207-057.
Jin, Li, Carliss Y. Baldwin, Li Liao, Huabing Li, and Jielun Zhu, "Framedia (A) Abridged," Harvard Business School Case 208-048.
Jin, Li, and Li Liao, "Framedia (A) and (B) (TN)," Harvard Business School Teaching Note 207-060.
Jin, Li, Li Liao, Huabing Li, and Jielun Zhu, "Framedia (B)," Harvard Business School Supplement 207-058.
Baldwin, Carliss Y., Li Jin, Guhan Subramanian, and Nithyasri Sharma, "Framedia: Confidential Instructions for Jiang Nanchun," Harvard Business School Exercise 909-046.
Baldwin, Carliss Y., Li Jin, Guhan Subramanian, and Nithyasri Sharma, "Framedia: Confidential Instructions for Tan Zhi," Harvard Business School Exercise 909-045.
Jin, Li, Li Liao, Jielun Zhu, and Wenkai Sun, "Fu Ji Food and Catering," Harvard Business School Case 208-004.
Jin, Li, Kenneth A. Froot, and Si Ping May Y, "Geeli," Harvard Business School Case 206-105.
Jin, Li, and Kenneth A. Froot, "Geeli (TN)," Harvard Business School Teaching Note 207-074.
Jin, Li, Li Liao, RuoranGuo, and Jielun Zhu, "Gome: Bidding for China Paradise," Harvard Business School Case 208-002.
Jin, Li, Li Liao, RuoranGuo, and Jielun Zhu, "Gome: Going Public," Harvard Business School Case 208-001.
Jin, Li, Li Liao, Chang Chen, and Aldo Sesia, "Yucheng Technology," Harvard Business School Case 209-048.
Jin, Li, Yuhai Xuan, “Shenzhen Development Bank: 2003,” Harvard Business School Case 210-020.
Jin, Li, Zhihong Yi and Jun Jiang, “China Magic Going Home,” Harvard Business School Case 211-036.
Jin, Li, Joseph Fan, “Formosa Plastics Group: Business Continuity Forever,” Harvard Business School Case 210-026.
Jin, Li, Li Liao, “Shenzhen Development Bank and the Non-tradable Share Reform in China,”Harvard Business School Case 210-011.
Jin, Li, Aldo Musacchio and NaniaDawood, “The IPO of Agricultural Bank of China (A),”Harvard Business School Case N9-711-108.
Jin, Li, Aldo Musacchio and Howard Huw, “The IPO of Agricultural Bank of China(B),” Harvard Business School Case N9-711-109.
Jin, Li, Matthew Preble, and Aldo Seisa, “China Development Bank,” Harvard Business School Case N9-212-001.
Jin, Li, Michael Shih-ta Chen, and Dawn Lau, “ATR KimEng Financial Corporation,” Harvard Business School Case N9-212-026.
Conference and Academic Seminar Presentations (*indicates by co-author)
2011 American Accounting Association Annual Meeting (*), China International Conference in Finance (*),Michigan, Oxford, Beijing University, Renming University, INSEAD
Planned: Nanyang Technical University, Singapore Management University, Hong Kong University of Science and Technology, Tsinghua University, Fudan University, Chinese University of Hong Kong.
2010 Miami Behavioral Finance Conference (*), National University of Singapore International Finance Conference, China International Conference in Finance (*), Tulane, Rochester (*), Washington University at St Louis (*), Goldman Sachs Asset Management, Emory (*).
2009 National University of Singapore International Finance Conference, National Bureau of Economic Research -CUHK joint conference on capitalizing China, Thailand Conference on Families, Firms and Networks, China International Conference in Finance, National Bureau of Economic Research Summer Institute on Law and Economics, NYU Five-Star Conference (*), National Bureau of Economic Research China Working Group Meetings, MIT.
2008 National Bureau of Economic Research Summer Institute on Taxation, American Finance Association, Cesarean Center Conference on Frontier of Finance Research, Western Finance Association, Oregon Conference on Institutional Investors, TCFA Conference in New York City, National Bureau of Economic Research China Working Group Meetings, European Finance Association Annual Meetings, George Mason, Beijing University, Fudan University, Boston University, Wharton (*),Chicago (*), Brandeis.
2007 Southern Methodist University, Bently, Tulane, University of Texas at Dallas, Zhongshan University, Renming University, Western Finance Association Annual Meetings, American Accounting Association Annual Meetings, China International Conference in Finance, UNC Conference on Taxation.
Before 2006 American Finance Association, Western Finance Association, Q-Group (*),European Finance Association, MIT, U Mass Amherst, Cesarean Center Conference on frontier of finance, Texas Finance Festival, Michigan Conference on Finance.
Merger and acquisition
Private equity and venture capital
Corporate governance
Wealth management
Family trust
Family business succession planning
Corporate governance issues for family businesses
Quantitative finance
Private Equity and Venture Capital