Ni(倪骁然) DepartmentofFinance,SchoolofEconomics&WangYananInstituteforStudiesinEconomics(WISE),XiamenUniversity,Fujian,Chinanxr@●+86150-1157-1506 ThisVersion:Jan2021 ACADEMICEXPERIENCE XiamenUniversity,Fujian,China■AssociateProfessorofFinance■AssistantProfessorofFinance Aug2020–nowAug2017–Jul2020 EDUCATION TsinghuaUniversity,Beijing,China■DoctorofPhilosophy(Ph.D.)inFinance■BachelorofEconomics UniversityofMichigan,AnnArbor,Michigan,USA■VisitingscholarinRossSchoolofBusiness Sep2012–Jul2017Sep2008–Jul2012 Sep2015–Sep2016 RESEARCHINTERESTS ■FirmRisk-taking;FirmInnovation;FirmExternalFinancing;StakeholderProtection;CashPolicy■ShortSelling;CrashRisk;StockPriceInformativeness PUBLICATIONS [1]XiaoranNi,WeiSong,JiaquanYao.Stakeholderorientationandcorporatedividendpolicy:Insightsfromstatelegalshocks.JournalofBanking&Finance,2020,121:105970. [2]XiaoranNi,QiyuanPeng,SiruiYin,TingZhang.Attention!
Distractedinstitutionalinvestorsandstockpricecrash.JournalofCorporateFinance,2020,64:101701. [3]DouglasJ.Fairhurst,YanguangLiu,XiaoranNi.Employmentprotectionandtaxaggressiveness:EvidencefromWrongfulDischargeLaws.JournalofBanking&Finance,2020,119:105907. [4]XiaoranNi,SiruiYin.Theunintendedrealeffectsofshortsellinginanemergingmarket.JournalofCorporateFinance,2020,64:101659. [5]XiaoranNi.Doesstakeholderorientationmatterforearningsmanagement:EvidencefromNon-shareholderConstituencyStatutes.JournalofCorporateFinance,2020,62:101606. [6]XiaoranNi,SiruiYin.Shareholderlitigationrightsandthecostofdebt:Evidencefromderivativelawsuits.JournalofCorporateFinance,2018,48:169-186. [7]倪骁然.卖空压力、风险防范与产品市场表现：企业利益相关者的视角.经济研究,2020,5:183-198. [8]彭俞超,倪骁然,沈吉.企业脱实向虚与金融市场稳定：基于股价崩盘风险的视角.经济研究,2018,10:50-66. Page1of6 PUBLICATIONS [9]倪骁然,刘士达.金融同业活动与实体企业经营风险：来自地区层面同业存单业务的证据.金融研究,2020,9:136-153. [10]倪骁然,顾明.资本市场国际影响力提升效应研究：来自A股纳入明晟（MSCI）新兴市场指数的证据.金融研究,2020,5:189-206. [11]倪骁然,朱玉杰.卖空压力影响企业的风险行为吗.经济学（季刊）,2017,16
(2):1173-1198.[12]倪骁然,朱玉杰.劳动保护、劳动密集度与企业创新.管理世界,2016
(7):154-167. [13]HuiDing,XiaoranNi,HongmeiXu.Shortsellingandlaborinvestmentefficiency:EvidencefromtheChinesestockmarket.ountingandFinance,ing. [14]LeileiGu,XiaoranNi,YuchaoPeng,HuilinZhang.Foreignbankentry,stateownership,andcorporateinnovation.Pacific-BasinFinanceJournal,2020,61:101340. [15]JinboLuo,XiaoranNi,GaryGangTian.Shortsellingandcorporatetaxavoidance:Insightsfromafinancialconstraintview.Pacific-BasinFinanceJournal,2020,61:101323. [16]XiaoranNi,HuilinZhang.Mandatorycorporatesocialresponsibilitydisclosureanddividendpayouts:Evidencefromaquasi-naturalexperiment.ountingandFinance,2019,58:1581-1612. [17]XiaoranNi.Localofficials’turnover,ownership,andfirmcashholdings:Insightsfromanemergingmarket.EuropeanFinancialManagement,2019,25:1013-1046.. [18]XiaoranNi,WeikangZhu.Thebrightsideoflaborprotectioninemergingmarkets:Thecaseoffirmtransparency.Pacific-BasinFinanceJournal,2018,50:126-143. [19]XiaoranNi,WeikangZhu.Short-salesandstockpricecrashrisk:Evidencefromanemergingmarket.EconomicsLetters,2016,144:22-24. [20]蔡卫星,倪骁然,赵盼,杨亭亭.企业集团对创新产出的影响：来自制造业上市公司的经验证据.中国工业经济,2019
(1):137-155. [21]刘津宇,倪骁然,姜磊.税制改革能否改善上市企业的短视动机：基于研发创新和盈余管理视角.金融学季刊,2020,14
(2):25-54. [22]倪骁然,孟庆斌.卖空机制引入与上市企业债务成本:来自准自然实验的证据.金融学季刊,2019,13
(4):47-74. [23]张惠琳，倪骁然.QFII持股如何影响企业创新:来自上市企业专利及研发的证据.金融学季刊,2017,11
(2):1-29. [24]张惠琳，倪骁然.金融发展、法治深化与上市企业风险承担.投资研究,2017,36
(4):4-23.[25]朱玉杰，倪骁然.机构投资者持股与企业风险承担.投资研究,2014
(8):85-98.[26]朱玉杰，倪骁然.金融规模如何影响产业升级:促进还是抑制.中国软科学,2014
(4): 180-192. Page2of6 UNDER-REVISIONPAPERS [1]Tse-ChunLin,JinyuLiu,XiaoranNi.Foreignbankentryandstockpricecrashrisk.ReviewofFinance,Revise&Resubmit. [2]XiaoranNi,YuchaoPeng,JiShen.Hoardingbadnews:Whennon-financialfirmsholdfinancialassets.JournalofCorporateFinance,Revise&Resubmit. [3]ZhishengLi,XiaoranNi,JiarenPang.Stockmarketliberalizationandcorporateinvestmentrevisited.JournalofBanking&Finance,Revise&Resubmit. [4]YunsenChen,JianqiaoHuang,XiaoLi,XiaoranNi.Financialmarketopeningandcorporatetaxavoidance:Evidencefromstaggeredquasi-naturalexperiments.JournalofBanking&Finance,Reject&Resubmit. WORKINGPAPERS [1]QingyuanLi,XiaoranNi,EricYeung,SiruiYin.Commonownershipandassetpricing:Evidencefromstockpricecrashrisk. [2]XiaoranNi,SiruiYin.Commonownershipandcostofequitycapital.[3]KoseJohn,XiaoranNi,ChiZhang.Doesmandatoryinnovationdisclosurematterforstockprice crashrisk?
EvidencefromAmericanInventor’sProtectionAct.[4]LeileiGu,XiaoranNi,YuchaoPeng.Ataleoftwo”skewness”:Professionalepidemicexperience, probabilityweighting,andstockpricecrashrisk.[5]XiaoranNi,SiruiYin.Creditorprotection,easeofrepossession,andthecostofequitycapital: Evidencefromquasi-naturalexperiments.[6]XiaoranNi,YeWang,SiruiYin.Doesmoderninformationtechnologyattenuatemanagerial informationhoarding?
EvidencefromEDGARimplementation.[7]XinLiu,XiaoranNi.Humancapitaloutflowandstockpricecrashes:Evidencefromtherejection oftheInevitableDisclosureDoctrine. ACADEMICAWARDS ■FARSExcellenceinReviewingAward,AmericanountingAssociation■BestPhDPaper,AmericanountingAssociationMid-AtlanticRegionMeeting 20192016 ■BestPaperinCorporateFinance,FinancialMarketsandCorporateGovernanceConference ■BestPaperinCorporateGovernance,SouthwesternFinanceAssociationAnnualMeeting ■博士研究生国家奖学金 ■优秀论文奖，中国金融发展论坛 2015 ■综合一等奖学金（蒋震奖学金），清华大学 ■学业优秀奖学金，清华大学 2010/2011/2014 Page3of6 CONFERENCEPRESENTATIONS Presentations(*bycoauthor) 2019 ■FrontiersofBusinessResearchinChinaInternationalSymposium(Beijing,2papersand2discussions);FinancialManagementAssociationEuropeanConference(Glasgow,1paperand1discussion);AsianMeetingoftheEconometricSociety(Xiamen);AsianFinanceAssociationAnnualMeeting(HoChiMinhCity,2papersand1discussion);FinancialManagementAssociationAsia-PacificConference(HoChiMinhCity,1paperand1discussion);ChinaFinancialResearchConference(*Beijing);AmericanountingAssociationAnnualMeeting(SanFrancisco,2papersand1discussion);中国金融论坛：第十届《金融研究》论坛（厦门）;“宏观经济政策与微观企业行为交叉研究”学术研讨会（南京）;中国青年经济学者论坛（武汉）;中国公共财政前沿学术研讨会（北京）;中国劳动经济学者论坛（大连）;香樟金融学论坛（*武汉）;公共政策量化评估理论与应用研讨会（厦门）;中国世界经济学会国际金融论坛（珠海，1宣讲+1点评）;香樟经济学论坛（肇庆）;社会保障经济学论坛（*广州） 2018 ■ChinaMeetingoftheEconometricSociety(Shanghai);GreaterChinaAreaFinanceConference(Xiamen,2papersand1discussion,sessionchair);FrontiersofBusinessResearchinChinaInternationalSymposium(Beijing,2papersand1discussion);CUFEFinanceWorkshop(Beijing,discussion);UIBEFinanceConference(Beijing);ChinaFinancialResearchConference(Beijing);AsianFinanceAssociationAnnualMeeting(Tokyo,1paper&1discussant);中国金融学者论坛 （天津）;中国青年经济学家联谊会（YES）工作坊（广州）;中国青年经济学者论坛（北京）;中国金融学年会（广州，3篇）;中国经济学年会（广州，2篇）;中国劳动经济学者论坛（呼和浩特）;中国组织经济学研讨会（海口） 2017 ■ChinaInternationalRiskForum(Shanghai);FinancialManagementAssociationAnnualMeeting*(Boston);AsianFinanceAssociationAnnualMeeting(Seoul,2papers&1discussant);ChinaountingandFinanceConference(Beijing,2papers&1discussant);FrontiersofBusinessResearchinChinaConference(Beijing);InternationalWorkshoponEconomicAnalysisofInstitutions(Xiamen);EuropeanFinancialManagementSymposium(Xiamen);MidwestFinanceAssociationAnnualMeeting(Chicago);中国青年经济学者论坛（广州，2篇）;金融工程与量化金融学术会议（厦门）;中国计量经济学者论坛（厦门） Page4of6 CONFERENCEPRESENTATIONS 2016 ■AustralasianFinanceandBankingConference(Sydney,1paper&1discussant&sessionchair);ShanghaiRiskForum(Shanghai,1paper&1discussant);FinancialManagementAssociationAnnualMeeting*(LasVegas);NorthernFinanceAssociationAnnualMeeting*(QuebecCity);WorldFinanceConference(NewYork,1paper&1discussant);ChinaFinanceReviewInternationalConference*(Shanghai);FrontiersofBusinessResearchinChinaConference*(Beijing);FinancialManagementAssociationEuropeanConference(Helsinki,1paper&1discussant);InternationalFinanceandBankingSociety(IFABS)Conference(Barcelona);AmericanountingAssociationMid-AtlanticRegionMeeting(antown,2papers);LBSTrans-AtlanticDoctoralConference*(London);EasternFinanceAssociationAnnualMeeting(Baltimore,1paper&2discussants&sessionchair);FinancialMarketsandCorporateGovernanceConference*(Melbourne);SouthwesternFinanceAssociationAnnualMeeting(OklahomaCity,1paper&1discussant);MidwestFinanceAssociationAnnualMeeting(Atlanta,1paper&2discussants);中国金融学年会（大连，2篇&1点评）;中国青年经济学者论坛*（北京）2015&before ■AsianFinanceAssociationAnnualMeeting(Changsha,1paper&1discussant);中国青年经济学者论坛（厦门，1篇&1点评）;中国金融发展论坛（南开大学，1篇&1点评）;全国数量经济学博士生论坛（厦门）;中国金融论坛：青年论坛（宁波）;亚太经济与金融论坛（北京） SEMINARS 2019■CentralUniversityofFinance&Economics;NanjingUniversity;NanjingUniversityofFinance& Economics;SouthwesternUniversityofFinance&Economics;XiamenUniversity;Xi’anJiaotongUniversity(x2);ZhejiangUniversity;ZhongnanUniversityofEconomics&Law 2018■CentralUniversityofFinance&Economics;GuangdongUniversityofFinance&Economics; RenminUniversity;SunYat-senUniversity;UniversityofInternationalBusinessandEconomics;WuhanUniversity;XiamenUniversity 2017■GuangdongUniversityofFinance&Economics;TsinghuaUniversity;CentreUniversityofFinance &Economics;XiamenUniversity2016 ■HuazhongUniversityofScience&Technology;XiamenUniversity;UniversityofMichigan;ZhongnanUniversityofEconomics&Law TEACHINGEXPERIENCE Instructor■Principlesofounting■IntermediateFinancialountingIITeachingAssistent■EmpiricalCorporateFinance■CorporateFinance(MBA)■FixedeSecurities 2017/2018/20192017/2018/2019 20132014/2016 2015 Page5of6 LANGUAGES ■Mandarin:Nativelanguage;English:Fluent SKILLS&INTERESTS REFERENCES LATEX,Stata,SAS,MicrosoftOffice,ordion(NationalLevel8) ■YinggangZhouProfessorandAssociateDeanWangYananInstituteforStudiesinEconomics(WISE),XiamenUniversity A403SchoolofEconomics,XiamenUniversity,Fujian361005,Chinayinggang.zhou@ ■YujieZhu(Chair)ProfessorDepartmentofFinanceSchoolofEconomicsandManagement,TsinghuaUniversity 411WeilunBuilding,TsinghuaUniversity,Beijing100084,Chinazhuyj@ ■HaoWang(Co-Chair)AssociateProfessorandDeputyChairDepartmentofFinanceSchoolofEconomicsandManagement,TsinghuaUniversity 318WeilunBuilding,TsinghuaUniversity,Beijing100084,Chinawanghao@ ■ZhishuYangProfessorandChairDepartmentofFinanceSchoolofEconomicsandManagement,TsinghuaUniversity 540WeilunBuilding,TsinghuaUniversity,Beijing100084,Chinayangzhsh@ PERSONALINFORMATION ■Chinesecitizen,borninMarch1990 Page6of6