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LIU Jing

Phone: +86 10 8518 8858 ext. 3251
 

 

 

Professor of Accounting and Finance
Associate Dean of CKGSB

 

PhD, Columbia University

 

Research Areas: Financial Accounting, Corporate Finance, Investments, Chinese Economic Reforms

 

 


 

Introduction

Dr Liu is Associate Dean and Professor of Accounting and Finance at Cheung Kong Graduate School of Business (CKGSB).  Dr Liu formerly served as a tenured faculty member at the Anderson School of Management at the University of California at Los Angeles.  He is an authority on capital markets, equity valuation, and securities analysis.
 
Dr Liu's research has been widely published in leading academic journals such as the Journal of Accounting Research, Accounting Review and the Review of Accounting Studies.  His work has received the Outstanding Research Award from CKGSB, Eric E. Juline Research Award from the UCLA Anderson School and the Barclays Global Investors (BGI) Best Paper Award from the Review of Accounting Studies.
 
A member of the editorial board for the Review of Accounting Studies, Dr Liu is also a director at several Chinese companies and an advisor for a number of financial institutions.  
 
Dr Liu earned his PhD from Columbia University.
 
 

Achievements

Liu's research has earned a number of awards, including the 2005 Eric and "E" Juline Faculty Excellence in Research Award from UCLA's Anderson School and the 2007 Barclays Global Investors (BGI) Best Paper Award from the Review of Accounting Studies. In 2010, he received the Best Research Award from CKGSB.

 

 

Download CV

 

 

Selected Publications

  1. "Stock Returns and Accounting Earnings," with Jacob Thomas, Journal of Accounting Research, spring 2000.
  2. "The Feltham-Ohlson (1995) Model: Empirical Implications," with James Ohlson, Journal of Accounting, Auditing and Finance, summer 2000.
  3. "Equity Valuation Using Multiples," with Jacob Thomas and Doron Nissim, Journal of Accounting Research, March 2002.
  4. "Measuring Value Relevance in a (possibly) Inefficient Market," with David Aboody and John Hughes, Journal of Accounting Research, September 2002.
  5. "Valuation and Accounting for Inflation and Foreign Exchange," with John Hughes and Mingshan Zhang, Journal of Accounting Research, September 2004
  6. "Discussion of 'The role of changes in expectations in explaining the cross-section of returns.'" Review of Accounting Studies, September 2004.
  7. "Earnings quality, insider trading and cost of capital," with David Aboody and Jack Hughes, the Journal of Accounting Research, 2005.
  8. "On international accounting valuation," the Journal of International Accounting Research, 2006.
  9. "Cash flow is king? Comparing valuations based on cash flow versus earnings multiples," with Jacob Thomas and Doron Nissim, the Financial Analyst Journal, 2007.
  10. "Information asymmetry, diversification and cost of capital" with John Hughes and Jun Liu, the Accounting Review, 2007.
  11. "Are executive stock option exercises driven by private information?" with David Aboody, John Hughes and Wei Su, the Review of Accounting Studies, 2008.
  12. "On the relation between predictable market returns and predictable analysts' forecast errors," with John Hughes and Wei Su, the Review of Accounting Studies, 2008. Winner of the BGI best paper award.
  13. "On the relation between expected returns and implied cost of capital," with John Hughes and Jun Liu, the Review of Accounting Studies, 2009.
  14. "Leverage, excess leverage and future stock returns," with Judson Caskey and John Hughes, the Review of Accounting Studies, 2011.

Working Papers

  1. “The Warren Buffet Anomaly,” with John Hughes and Mingshan Zhang, submitted.
  2.  “Market and analyst reactions to earnings announcements: an efficiency comparison.”
  3. “An empirical investigation of implied cost of capital,” with John Hughes and Ruihao Ke.

Courses

Financial Accounting

Topics in Financial Accounting

Introduction to Financial Accounting

Economics with Chinese Characteristics

China’s Financial Markets

Financial Statement Analysis and Equity Valuation

Global CEO program, LBS module