Associate Professor
Shushu Liao
Ph.D. in Finance, Lancaster University
Research Interests:Empirical Corporate Finance, Corporate Governance, Board Diversity, CEO Characteristics, Financial Stability, Dynamic Modeling in Corporate Finance, Interactions between Investment and Financing Decisions, Finance and Labor
shushu.liao@pku.org.uk
UK Campus
Biography

Education

Ph.D. in Finance, Lancaster University, UK, 2014.9-2019.3

M.Sc. in Finance, Imperial College London, UK, 2012.9-2013.9

B.A. in Financial Management, Sun Yat-sen University, China, 2008.7-2012.7


Academic Appointment

Kühne Logistics University, Hamburg, Germany, Assistant Professor of Finance, 2021.9-2025.10

Auckland University of Technology, Auckland, New Zealand, Research Fellow of Finance, 2020.2-2021.8

Lancaster University, Lancaster, UK, Fixed-term Lecturer of Finance, 2019.6-2020.1

Publications

Liao, S., Nguyen, N.H. and Truong, C. (2025). CEO's Early-life Experience of Disasters and Corporate Environmental Performance. Abacus. DOI: https://doi.org/10.1111/abac.12358.


Frijn, B., Garel, A. and Liao, S. (2024). Employee demographic diversity and firm performance. Financial Management. DOI: https://doi.org/10.1111/fima.12484.


Dodd, O. and Liao, S. (2024). The role of inventory in firm resilience to the Covid-19 pandemic. European Financial Management. DOI: https://doi.org/10.1111/eufm.12517.


Liao, S., Nguyen, N. H., and Truong, C. (2024). Does CEO extraversion pay off when in need? Evidence from the global financial crisis. The British Accounting Review, 56(4), 101234. DOI: https://doi.org/10.1016/j.bar.2023.101234.


Dodd, O., Frijns, B., Gong, R. K., and Liao, S. (2023). Board cultural diversity and firm performance under competitive pressures. The Financial Review, 00, 1–23. DOI: https://doi.org/10.1111/fire.12365.


Liao, S., Nolte, I. and Pawlina, G. (2023). Can Capital Adjustment Costs Explain the Decline in Investment-Cash Flow Sensitivity? Journal of Financial and Quantitative Analysis. DOI: https://doi.org/10.1017/S0022109023000418.


Liao, S. (2023). The Russia-Ukraine Outbreak and the Value of Renewable Energy. Economics Letters. DOI: https://doi.org/10.1016/j.econlet.2023.111045.


Hegde, P., Liao, S., Ma, R., and Nguyen, N. H. (2022).CEO Marital Status and Insider Trading. British Journal of Management. DOI: https://doi.org/10.1111/1467-8551.12673.


Liao, S. and Errico, M. (2022). Corporate investment and stock market valuation. Journal of Business Finance and Accounting. DOI: https://doi.org/10.1111/jbfa.12649.


Kim, J.B., Liao, S. and Liu, Y. (2021). Married CEOs and Stock Price Crash Risk. European Financial Management. DOI: https://doi.org/10.1111/eufm.12343.


Liao, S. (2021). The effect of credit shocks in the context of labor market frictions. Journal of Banking and Finance, 125, 106091. DOI: https://doi.org/10.1016/j.jbankfin.2021.106091.