Finance staff

For a complete list of staff within the School of Economics and Finance refer to our staff list.

Associate Professor Jing Liao staff profile picture

Contact details +6469517051

Associate Professor Jing Liao PhD

Associate Professor

Doctoral Supervisor
School of Economics and Finance

Jing comes to Massey having worked in China Construction Bank for about 10 years as a risk control manager and a money manager. Jing has taught Business Finance, Introduction to Investments and Advanced Business Finance at Massey. Jing’s research interests include privatization, corporate governance in emerging markets, political connection and expropriation.

Professional

Contact details

  • Ph: 84051
    Location: 2.04, BSW
    Campus: Turitea

Qualifications

  • PhD in Finance - Massey University (2010)

Certifications and Registrations

  • Licence, Supervisor, Massey University

Prizes and Awards

  • I have been awarded the RAGS grant issued by the Ministry of Higher Education, Malaysia (MOHE). The grant was applied with Khaw Lee Hwei from Universiti Utara, Malaysia and successfully got RM 26,000 approved. - the Ministry of Higher Education, Malaysia (2015)
  • 2015 Early Career Researcher Award, Massey Business School - Massey Business School (2015)

Research Expertise

Research Interests

Privatization

Corporate governance in emerging markets

Political connection and expropriation

Board composition and efficiency

Innovation

Thematics

21st Century Citizenship, Design – for Commerce, Community and Culture

Area of Expertise

Field of research codes
Banking, Finance and Investment (150200): Commerce, Management, Tourism And Services (150000): Finance (150201)

Research Outputs

Journal

Liu, X., Young, M., & Liao, J. (2024). CEO early-life experience and corporate accounting conservatism: Insights from the socio-political context. Emerging Markets Review. 63
[Journal article]Authored by: Liao, J.
Liu, X., Liao, J., & Young, M. (2024). Living through an influential socio-political event: Early-life experiences and stock price crash risk. Finance Research Letters. 68
[Journal article]Authored by: Liao, J., Young, M.
Liu, X., Boubaker, S., Liao, J., & Yao, S. (2024). The rise of common state ownership and corporate environmental performance. British Accounting Review.
[Journal article]Authored by: Liao, J.
Cao, S., Cui, X., Liao, J., Wang, C., & Yao, S. (2024). A good neighbor, a found treasure: Do local neighbors affect corporate innovation?. Journal of Product Innovation Management. 41(4), 843-864
[Journal article]Authored by: Liao, J.
Li, S., Zheng, X., Liao, J., & Niu, J. (2024). Low-carbon city pilot policy and corporate environmental performance: Evidence from a quasi-natural experiment. International Review of Economics and Finance. 89, 1248-1266
[Journal article]Authored by: Liao, J.
Boubaker, S., Cheng, F., Liao, J., & Yue, S. (2024). Environmental tax incentives and corporate environmental behaviour: An unintended consequence from a natural experiment in China. European Financial Management. 30(2), 800-838
[Journal article]Authored by: Liao, J.
Yu, X., Liao, J., & Smith, D. (2024). How does regional religiosity influence corporate innovation? New evidence from China. Applied Economics Letters. 31(9), 811-818
[Journal article]Authored by: Liao, J., Smith, D.
Wang, L., Chi, J., & Liao, J. (2023). Government resource allocation through related party transactions: Evidence from China. Australian Journal of Management.
[Journal article]Authored by: Chi, J., Liao, J.
Cheng, F., Liao, J., Liu, X., Sensoy, A., & Yao, S. (2023). Local happiness and corporate financial misconduct: Does happiness reduce organizational opportunistic behavior?. Journal of Accounting and Public Policy. 42(6)
[Journal article]Authored by: Liao, J.
Lu, B., Hao, W., Liao, J., & Wongchoti, U. (2023). A leap of faith that echoes well? The value impact of Chinese firms starting up business overseas. Global Finance Journal. 57
[Journal article]Authored by: Hao, W., Liao, J., Wongchoti, U.
Cui, X., Liao, J., & Wang, L. (2023). Institutional investors' corporate site visits and aggressive financial reporting. Journal of International Financial Management and Accounting. 34(3), 559-593
[Journal article]Authored by: Liao, J.
Su, Z., Wang, L., Liao, J., & Cui, X. (2023). Peer effects in corporate advertisement expenditure: Evidence from China. Research in International Business and Finance. 64
[Journal article]Authored by: Liao, J.
Cui, X., Wang, C., Sensoy, A., Liao, J., & Xie, X. (2023). Economic policy uncertainty and green innovation: Evidence from China. Economic Modelling. 118
[Journal article]Authored by: Liao, J.
Xie, F., Anderson, HD., Chi, J., & Liao, J. (2023). State control and stock price crash risk: new evidence of the conservatism of state-owned enterprises. International Journal of Managerial Finance. 19(4), 853-889
[Journal article]Authored by: Anderson, H., Chi, J., Liao, J.
Anderson, HD., Liao, J., Yang, J., & Young, M. (2023). Powerful political corporate appointments and firm bribery channels. International Journal of Managerial Finance. 19(3), 491-518
[Journal article]Authored by: Anderson, H., Liao, J., Young, M.
Li, X., Goodell, JW., Liao, J., Yao, S., & Liu, X. (2022). Does executive gender diversity supply accounting conservatism in traditional societies? Evidence from CEO-CFO combinations in China. Finance Research Letters. 48
[Journal article]Authored by: Liao, J.
Anderson, HD., Liao, J., & Yue, S. (2022). Financial expert CEOs, political intervention, and corporate investment decisions: evidence from the anti-corruption campaign. International Journal of Managerial Finance. 18(3), 562-593
[Journal article]Authored by: Anderson, H., Liao, J.
Feng, Y., Yao, S., Wang, C., Liao, J., & Cheng, F. (2022). Diversification and financialization of non-financial corporations: Evidence from China. Emerging Markets Review. 50
[Journal article]Authored by: Liao, J.
Cui, X., Wang, C., Liao, J., Fang, Z., & Cheng, F. (2021). Economic policy uncertainty exposure and corporate innovation investment: Evidence from China. Pacific Basin Finance Journal. 67
[Journal article]Authored by: Liao, J.
Miao, S., Chi, J., Liao, J., & Qian, L. (2021). How does religious belief promote farmer entrepreneurship in rural China?. Economic Modelling. 97, 95-104
[Journal article]Authored by: Chi, J., Liao, J.
Yao, S., Wang, Z., Sun, M., Liao, J., & Cheng, F. (2020). Top executives’ early-life experience and financial disclosure quality: impact from the Great Chinese Famine. Accounting and Finance. 60(5), 4757-4793
[Journal article]Authored by: Liao, J.
Chi, J., Liao, J., & Yang, J. (2019). Institutional stock ownership and firm innovation: Evidence from China. Journal of Multinational Financial Management. 50, 44-57
[Journal article]Authored by: Chi, J., Liao, J.
Anderson, H., Chi, J., & Liao, J. (2019). Foreign strategic ownership and minority shareholder protection. Emerging Markets Review. 39, 34-49
[Journal article]Authored by: Anderson, H., Chi, J., Liao, J.
Xie, F., Anderson, HD., Chi, J., & Liao, J. (2019). Does residual state ownership increase stock return volatility? Evidence from china's secondary privatization. Journal of Banking and Finance. 100, 234-251
[Journal article]Authored by: Anderson, H., Chi, J., Liao, J.
Liao, J., Smith, D., & Liu, X. (2019). Female CFOs and accounting fraud: Evidence from China. Pacific Basin Finance Journal. 53, 449-463
[Journal article]Authored by: Liao, J., Smith, D.
Khaw, KLH., & Liao, J. (2018). Board gender diversity and its risk monitoring role: Is it significant?. Asian Academy of Management Journal of Accounting and Finance. 14(1), 83-106
[Journal article]Authored by: Liao, J.
Yang, Z., Fan, Y., Shi, S., & Liao, J. (2018). Political Connections and Corporate Borrowing: an Analysis on the Listed Real Estate Firms in China. Journal of Real Estate Finance and Economics. 57(3), 315-350
[Journal article]Authored by: Liao, J.
Xie, F., Chi, J., & Liao, J. (2016). From share issue privatisation to non-tradable share reform: a review of privatisation in China. Asian-Pacific Economic Literature. 30(2), 90-104
[Journal article]Authored by: Chi, J., Liao, J.
Chi, J., Liao, J., & Chen, X. (2016). Politically connected CEOs and earnings management: evidence from China. Journal of the Asia Pacific Economy. 21(3), 397-417
[Journal article]Authored by: Chi, J., Liao, J.
Khaw, KLH., Liao, J., Tripe, D., & Wongchoti, U. (2016). Gender diversity, state control, and corporate risk-taking: Evidence from China. Pacific Basin Finance Journal. 39, 141-158
[Journal article]Authored by: Liao, J., Wongchoti, U.
Liao, J., Malone, C., & Young, M. (2016). Politicians, insiders and non-tradable share reform decisions in China. Journal of International Financial Markets, Institutions and Money. 43, 58-73
[Journal article]Authored by: Liao, J., Young, M.
Chi, J., Liao, J., & Qian, L. (2015). The long-run performance of Chinese private firm IPOs. Accounting and Finance Research. 4(4), 1-12
[Journal article]Authored by: Chi, J., Liao, J.
Chi, J., Liao, J., & Li, F. (2014). The success of China's non-tradable share reform. Corporate Ownership and Control. 11(4), 355-369
[Journal article]Authored by: Liao, J.
Liao, J., & Young, M. (2012). The impact of residual government ownership in privatized firms: New evidence from China. Emerging Markets Review. 13(3), 338-351
[Journal article]Authored by: Liao, J., Young, M.

Conference

Wang, B., Chi, J., & Liao, J.Customer Concentration and Suppliers' Innovation Investment, Do Common Institutional Investors play a role?. . Kasetsart University - Sriracha campus, Pattaya, Thailand
[Conference Paper]Authored by: Chi, J., Liao, J.
Liao, J., Huang, K., Chi, J., & Yuen, MK.Oil price uncertainty and firm green innovation disclosure. . Kasetsart University - Sriracha campus, Pattaya, Thailand
[Conference Paper]Authored by: Chi, J., Liao, J.
Boubaker, S., Cheng, F., Liao, J., & Yue, S.Environmental Tax Incentives and Corporate Environmental Behaviour: An Unintended Consequence from a Natural Experiment in China. . Victoria University of Wellington, New Zealand
[Conference Paper]Authored by: Liao, J.
Huang, K., Chi, J., Liao, J., & Yuen, MK.Conservative financial reporting and corporate environmental disclosure: The moderating effect of socio-political pressures. . Monash University Malaysia
[Conference Paper]Authored by: Chi, J., Liao, J.
Boubaker, S., Cheng, F., Liao, J., & Yue, S. (2023). Environmental Tax Incentives and Corporate Environmental Behaviour: An Unintended Consequence from a Natural Experiment in China. https://www.efmaefm.org/0EFMAMEETINGS/EFMA%20ANNUAL%20MEETINGS/2023-UK/accepted%20papers/L.php. : EFMA
[Conference Paper in Published Proceedings]Authored by: Liao, J.
Liao, J., Cheng, F., Boubaker, S., & Yue, S. (2022). Environmental Tax Incentives and Corporate Environmental Behaviour: An Unintended Consequence from a Natural Experiment in China. https://acfr.aut.ac.nz/conferences-and-events/past-conferences-and-events/2022-new-zealand-finance-meeting/nzfm-on-campus-academic-programme. : The New Zealand Finance Meeting 2022 (11th annual meeting)
[Conference Paper in Published Proceedings]Authored by: Liao, J.
Liao, J., Yue, S., & Anderson, H. (2019). Financial Expert CEOs, State Control and Corporate Investment Decisions: New Evidence From China. http://asianfa2019.ueh.edu.vn/submission/modules/request.php?module=oc_program&action=view.php&id=47&type=1&a=&keycode=ueh_asianfa2019. : The 31st Asian Finance Association Annual Meeting
[Conference Paper in Published Proceedings]Authored by: Anderson, H., Liao, J.
Liao, J., Liu, X., & Smith, D. (2018). Female CFOs and corporate accounting fraud: Does board gender discrimination play a role?. New Zealand Finance Meeting 2018. : New Zealand Finance Meeting
[Conference Paper in Published Proceedings]Authored by: Liao, J., Smith, D.
Anderson, H., Liao, J., Yang, JJ., & Young, MR.Party Committee Secretary serving on corporate boards and firm bribery. http://www.fmaconferences.org/HongKong/Papers/bribery_paper,_full_paper.pdf. : 2018 Asia/Pacific Conference
[Conference Paper in Published Proceedings]Authored by: Anderson, H., Liao, J., Young, M.
Anderson, H., Chi, J., & Liao, J.Foreign strategic ownership and minority shareholder protection: Evidence from China. Paper presented at the meeting of http://www.victoria.ac.nz/sacl/financial-markets-and-corporate-governance-conference-2017/keynote-speakers-and-programme/fmcg-outline-programme.pdf. Wellington, New Zealand
[Conference Paper]Authored by: Anderson, H., Chi, J., Liao, J.
Liao, J., & Young, RM. (2016). Macroeconomic uncertainty, state ownership, and board size in China. The 28th Asian Finance Association Annual Meeting. (pp. 1 - 32). : The 28th Asian Finance Association Annual Meeting
[Conference Paper in Published Proceedings]Authored by: Liao, J.
Liao, J., Chi, J., & Chen, X.Political connected CEOs and earnings management: Evidence from China. . Wollongong, Australia
[Conference Paper]Authored by: Chi, J., Liao, J.
Liao, J., Malone, C., & Young, MR.(2014). Privatization in China, rent-seeking and management incentives. Paper presented at the meeting of 2014 Accounting and Finance Association of Australia and New Zealand Conference. Auckland, New Zealand
[Conference Paper]Authored by: Liao, J., Young, M.
Liao, J., & Young, MR.Uncertainty and Effectiveness of the Board, the China Experience. . Hyderabad, India
[Conference Paper]Authored by: Liao, J., Young, M.
Liao, J., & Young, M.(2012). Do macroeconomic factors influence board composition decisions? Evidence from China. Paper presented at the meeting of https://docs.google.com/a/asian-fa.org/viewer?a=v&pid=sites&srcid=YXNpYW4tZmEub3JnfGFzaWFuLWZhfGd4OjdkZTM0NDA4NmNiOTk5NDc. Taipei, Taiwan
[Conference Paper]Authored by: Liao, J., Young, M.
Liao, J., & Young, M.(2012). The impact of residual government ownership in privatized firms: New evidence from China. Paper presented at the meeting of 24th Australasian Finance and Banking [AFBC] Conference: Papers. Sydney, NSW, Australia
[Conference Paper]Authored by: Liao, J.
Liao, J., Young, MR., & Sun, Q. (2009). Board Structure Determinants and Efficiency, Evidence from the Implementation of Independent Director System in China. 2009 European Financial Management Association Annual Conference. (pp. 1 - 39). : European Financial Management Association Annual Conference
[Conference Paper in Published Proceedings]Authored by: Liao, J., Young, M.

Thesis

Liao, J. (2010). An examination of the determinants of performance in relation to the divestiture of state-owned assets in China. (Doctoral Thesis)
[Doctoral Thesis]Authored by: Liao, J.

Other

Malone, CB., Liao, J., & Young, M. (2014, September). Politicians and privatization decisions in China. In School of Economics and Finance Manawatu Seminar Series.
[Oral Presentation]Authored by: Liao, J., Young, M.

Teaching and Supervision

Summary of Doctoral Supervision

Position Current Completed
Main Supervisor 3 0
Co-supervisor 2 6

Current Doctoral Supervision

Main Supervisor of:

  • Ruijiang Li - Doctor of Philosophy
    Does the marketization of local government financing mitigate allocative distortions?
  • Bowen Wang - Doctor of Philosophy
    Common Institutional Ownership and Corporate Decisions, Evidence from China
  • Kai Huang - Doctor of Philosophy
    The determinants and impacts of accounting conservatism: Evidence from China

Co-supervisor of:

  • Ziwen Peng - Doctor of Philosophy
    Environmental regulation, climate whipping and corporate behaviours: Evidence from China
  • Haojun Yuan - Doctor of Philosophy
    Innovation and Development of Green Finance in China

Completed Doctoral Supervision

Co-supervisor of:

  • 2023 - Shuai Yue - Doctor of Philosophy
    Three essays on corporate finance studies in China
  • 2023 - Xutang Liu - Doctor of Philosophy
    Essays on CEO characteristics and firm behaviour in China
  • 2023 - Baizhou Lu - Doctor of Philosophy
    The Economic Impact of Corporate Offshore Investments: A Chinese Perspective
  • 2022 - Lu Wang - Doctor of Philosophy
    Essays on corporate governance in Chinese listed firms
  • 2020 - Thi Tran - Doctor of Philosophy
    Corporate governance of banks in Vietnam and their roles on banks’ risk-taking and efficiency
  • 2018 - Feng Xie - Doctor of Philosophy
    Ownership structure and firm risk: Evidence from China