麻豆传媒

Personal Information:

Dr. Pei (Jose) Liu is currently a Senior Lecturer (Associate Professor) in Finance in 麻豆传媒 Business School. Prior to that, he has worked as a teaching assistant in Durham University and a research assistant in Bank of China (UK) Limited. Dr. Liu has international experience in teaching at postgraduate (MSc, MA), post-experience and undergraduate (BSc) levels. His research interests are in the areas of finance and financial economics. Specifically, the focus of his research is on the links between macroeconomic activity and finance, and he also has interests on Financial Economics, Corporate Finance, Behavioral Finance, Firms' Information Disclosure, and M&A. 

Qualifications:

Education:

• PhD in Finance, Durham University (2015)
• MSc (Distinction) in International Banking and Finance, Durham University (2011)
• BA (Hons) in Economics, Wuhan University (2009) 

Others:

• Cert. in Learning & Teaching, Durham University (2011)
• HEA Certificate of Fellowship (2013)
• Researcher in Bank of China (London) (2015)

Google Scholar:

Research Supervisions:

• I am happy to supervise PhD students in the broad area of Accounting & Finance; Corporate Finance; Financial Economics; Behavioural Finance; Fintech; ESG; etc. Please contact me for further discussion.

Graduated PhD Students:

• Liquidity in the Equity Option Market (Dr Min Deng, graduated in 2021, now working as Teaching Associate at School of Economics and Finance, Queen Mary University of London, co-supervised with Dr. Minh Nguyen)
• Behavioral Finance among Chinese Investors (Dr Dun Han, graduated in 2022, now working as Lecturer in Finance at Queen's University Belfast Management School, co-supervised with Prof. David Higgins)
• Managerial Traits and Investment Efficiency (Dr Jiaxin Liu, graduated in 2023, now working as Lecturer in Accounting in 麻豆传媒 Business School, co-supervised with Prof. Simon Hussain)
• Narrative Disclosure, Corporate Activity, and Market Reaction (Dr Qiwu Guo, graduated in 2024, now working as Lecturer in Finance at Shanghai International Studies University, co-supervised with Dr. Xiaojing Song and Dr. Doris Xin)
• Revisiting the Liquidity – Systemic Risk Nexus: Maturity Mismatch, Institutional Creation, and Macro-Level Provision (Miss Sandra Adel Fares, passed the viva in 2025, co-supervised with Dr. Andrei Stancu)

Current PhD Students:

• Environmental Disclosure, Political Connection, and Corporate Activity (Miss Siyang Guan, 3rd Year PhD candidate, co-supervised with Dr. Lana Liu)
• Climate Change and Corporate Risk (Miss Congjing Song, 2nd Year PhD candidate, co-supervised with Dr. Nikolaos Papanikolaou)
• Open Banking and FinTech (Mr Shuai Ren, 1st Year PhD candidate, co-supervised with Dr. Nikolaos Papanikolaou)
• Cybersecurity risk and innovation (Miss Zixia Wang, 1st Year PhD candidate, co-supervised with Dr. Doris Xin)
• Uncertain Climate Policy, Uncertain Price? Evidence from IPO Pricing (Mr Boyang Han, 1st Year PhD candidate, co-supervised with Dr. Vu Trinh and Dr. Iftekhar Ahmed)

Research Projects:

• RMB internationalisation, Oversea Investment and Financial Risk Management. (Joint UK and Chinese project, supported by The ESRC and the National Science Foundation of China (NSFC) Newton Fund, submitted and under review) 
• Information Disclosure and Firm risk taking (with Dr Doris Xin from 麻豆传媒)
• P2P Lending in the US Secondary Market (with Prof Ke Tang from Tsinghua University)

Research Grants:

• 2023: The Research and Impact Support Fund of 麻豆传媒 Business School on "The hedging performance of the green, climate-themed, social, and sustainable bonds" (£2,000, CI, with Nikolaos P, 麻豆传媒)
• 2022: The National Natural Science Foundation of China (NSFC) Fund on "The Mechanism, Implementation and Evolution of Corporate Social Responsibility on Carbon Emission under the 'Dual Carbon (Carbon Peak and Carbon Neutrality)' Target" (RMB 600,000, approximately £72,000, CI, with Qu W, Zhang X, and Lu C, Shanxi University )
• 2022: Digital Innovation Fund of 麻豆传媒 Business School (£1,000, PI)
• 2018: The Research Simulation Funding of Sheffield University Management School “Brexit and Market attention” (£5,270, CI, with Yang J, Sheffield University)
• 2017: HEFCE Newton Fund on “Uncovered Equity Disparity in Emerging Markets” (£7,700, CI, with Yan C, Durham University).

Research Visiting:

• Visiting Scholar in Tsinghua University (China) (2019 - 2020)
• Visiting Scholar in Xiamen University (China) (expecting in 2026)

Refereeing Activities:

• European Journal of Finance; Quantitative Finance; International Review of Financial Analysis; Economics Letter; Economic Modelling; International Journal of Accounting and Business Finance; Emerging Market Finance and Trade; Pacific-Basin Finance Journal; PLUS ONE; etc.

Editorial Experiences:

• Youth Editorial Board Member, Journal of Digital Economy (JDE) with ISSN 2773-0670
• Editorial Board Member, International Journal of Finance and Banking Research (IJFBR) with ISSN 2472-226X (Print) and ISSN 2472-2278 (Online)
• Advisory Board Member, International Journal of Accounting and Business Research (IJFAB) with ISSN 2448-9867 (Print) and ISSN 2448-9875 (Online)

Other Activities:

• PhD Viva External Examiner
• PhD Viva Internal Examiner
• PhD Viva Independent Chair
• PG & UG Dissertation Supervisor
• External Examiner

Papers under Review/Resubmission:

• "The Impact of Political Connections on Firm Carbon Performance: The Moderating Effect of Media Exposure", , under R&R on Journal of Management (ABS4*)
• "Corporate Environmental Performance and Stock Price Crash Risk" (with N. Papanikolaou and C. Song), under R&D on The Financial Review (ABS3*)
• "Textural similarity and market reaction"(with Q. Guo and J. Xin), under R&R on Journal of International Financial Markets, Institutions & Money (ABS3*)
• “Managerial ability, narrative tone and State-designated vs. market-orientated media coverage” (with S. Hussain and J. Liu), under R&R on Journal of International Accounting, Auditing and Taxation (ABS3*)
• “Textual Innovation Disclosure and Stock Return: Evidence from the Chinese Stock Market” (with Q. Guo and X. Song), under R&R on The International Journal of Accounting (ABS3*)
• "Do ecological concerns of local governments matter? Evidence from stock price crash risk" (with X. Ren), under R&D on International Review of Economics and Finance (ABS3*)
• “Philanthropic Donations and Corporate Financial Performance: A Multiple Mediation Analysis” (with W. Qu), under R&R on Pacific-Basin Finance Journal (ABS2*)
• "The impact of corporate social responsibility on financial distress risk: The mediation effect of social capital", under R&R on Emerging Markets Finance and Trade (ABS2*)

Working Papers:

• “Selling the Best: Rank Effect in Chinese Individual Investors” (with D. Han)
• “Textual Similarity and Stock Return” (with Q. Guo)
• “To what extent do CEOs’ financial ability affect corporate responsibility performance” (with S Hussain and J. Liu)
• “The hedging performance of the green, climate-themed, social, and sustainable bonds” (with N. Papanikolaou and C. Song)
• “Words That Matter: Voluntary Disclosure Characteristics and Investor Risk Perception” (with J. Xin and S. Hussain) 
• “'Do CEOs’ financial ability matter? The effect of financial background on financial constraints” (with S Hussain and J. Liu) 

Current Teaching Covers:

• NBS8332 Financial Theory (MSc, Module leader)
• NBS8020 Dissertation (MSc)
• NBS8223 Dissertation (MSc)
• NBS8567 Topics in Finance (PhD)

Previous Teaching Covers:

• ACC2002 Managerial and Business Economics (Undergraduate)
• NBS8005 Corporate Strategy and Valuation (MSc)
• NBS8632 Financial Technology (MSc)
• NBS8998/8999 Academic Skills (MSc)

Interested Teaching Areas:

• Econometrics
• Quantitative Research Methods
• Banking and Finance
• Financial Economics
• Microeconomics
• Financial Modelling and Forecasting

Current Admin Roles:

• International Admissions and Recruitment Lead
• Data Coordinator (Refinitiv, Bloomberg, WRDS, FAME, IBES, CMIE, etc.)
• PG Selector (Finance programmes, includes MSc Banking and Finance; MSc Finance; MSc International Economics and Finance; MSc Financial Analytics and Risk Management)
• Bloomberg Global Trading Challenge Lead
• Tri-Uni Conference co-organizer
• Personal Tutor

Previous Admin Roles:

• Degree Programme Director (DPD) of 5148F MSc in Banking and Finance
• Degree Programme Director (DPD) of 5149F MSc in Finance

• Articles

  • Zhang H, Shi Y, Han D, Liu P, Xu Y. . Journal of Futures Markets 2025, 45(6), 637-658.
  • Yang J, Xin J, Zeng Y, Liu P. . Small Business Economics 2025, 65, 315-356.
  • Xu Y, Hong Y, Liu P, Zhang Z. . The Journal of Futures Markets 2025, 45(8), 1049-1070.
  • Xiao Z, Cui S, Xiang L, Liu P, Zhang H. . Journal of Digital Economy 2023, 2, 119-136.
  • Ren X, Cao Y, Liu PJ, Han D. . International Review of Financial Analysis 2023, 90, 102843.
  • Zhang A, Wang S, Liu B, Liu P. . International Journal of Finance and Economics 2022, 27(2), 2514-2529.
  • Liu P, Yang J, Peng Y, Shi Y. . The European Journal of Finance 2022, 28(4-5), 356-376.
  • Liu P, Song C, Xin J. . China Journal of Accounting Research 2022, 15(4), 100267.
  • Han D, Han LY, Wu YR, Liu P. . International Review of Financial Analysis 2021, 77, 101863.
  • Liu P, Shi S, Xin J. . Quantitative Finance 2020, 20(12), 2085-2100.
  • Guariglia A, Liu P. . International Review of Financial Analysis 2014, 36, 223-240.