Qinyang Li

Academic Honors & Awards

1.“The Demise of ‘State-Owned Enterprise Faith’: The Bond Default of Brilliance Auto Group” Awarded Outstanding Case in the 8th National Financial Master's Teaching Case Competition.2022. 11
2.“Coffee Gone Wrong: Luckin's Capital Game Ends in Void” Wins Outstanding Case Award at Sixth National Financial Master's Teaching Case Competition.2020. 10
3.Writing “The Growth Path of Hillhouse Capital's Private Equity Investments,” an Outstanding Case Study from the Fifth National Financial Master's Teaching Case Competition.2019. 11
4.“Finance Leads the Way, Technology Provides Safeguards: The Rise of Ant Financial's Internet Consumer Finance” Winner of the Fifth National Master of Finance Teaching Case Competition.2019.11
5.Crafting “China Fortune's Happiness Financing Strategy”: An Outstanding Case Study from the Third National Financial Master's Teaching Case Competition.2017.11
6.As the team leader, I guided students to participate in the CFA Institute Global Investment Analysis Competition, where they won the Outstanding Investment Award in the Midwest Regional Finals.2017.12

Contact Information

Education Background

Research Interests

Capital Markets and Corporate Finance, Enterprise Digitalization and Digital Finance

Academic Positions & Professional Titles

1.Lecturer, School of Economics and Management, Southwest University2016.07—2018.05
2.Associate Professor and Master's Supervisor, School of Economics and Management, Southwest University 2018.06—2023.05
3.Professor and Doctoral Supervisor, School of Economics and Management, Southwest University2023.06—Present

Editorial & Reviewer Experience

1Qinyang Li., Nianhang Xu. Capital Market Opening and Stock Price Crash Risk: Evidence from Shanghai-Hong Kong Stock Connect [J]. Journal of Management Science.2019,22(08):108-126.
2.Qinyang Li, Xiangqiang Liu, Jing Chen, Huaixin Wang."Does stock market liberalization reduce stock price synchronicity?—Evidence from the Shanghai-Hong Kong stock connect." International Review of Economics & Finance 77 (2022): 25-38.
3.Qinyang Li,Xiangqiang Liu,Hualing Yang,Can Financial Advisors with “Connections” Enhance M&A Efficiency? 2017,38(11):99-114.
4.Qinyang Li,Yujie Shi,Liping He,Xiangqiang LiuCapital Market Opening and Pseudo-Herding Behavior: Evidence from the Shanghai-Shenzhen-Hong Kong Stock Connect Management Science, Accepted.
5.Qinyang Li , Liping He, Xiao Gou, Yao Ren."The registration-based IPO reform and the cost of equity capital: evidence from China." Finance Research Letters 67 (2024): 105790.
6.Qinyang Li,Zhijia,Xiangqiang Liu.Enterprise Digital Transformation and Capital Allocation Efficiency [J]. Statistics and Information Forum, 2023, 38(03): 70-83.
7.Qinyang Li, Yinying He,Xiangqiang Liu, et al. The Impact Mechanism of Capital Market Opening on Corporate Financing Constraints: Empirical Evidence from the Shanghai-Shenzhen-Hong Kong Stock Connect Program [J]. World Economy and Development, 2023, (04): 87-102+136.
8.Qinyang Li, Chen Hang, Xiangqiang Liu. Performance Compensation Commitments in M&A Transactions and Goodwill Impairment [J]. Journal of the Central University of Finance and Economics, 2023, (06): 67-79.
9.Xiangqiang Liu, Qinyang Li, Hu Jun. Inflation, Industrial Policy, and Corporate Independent Innovation [J]. Journal of Finance and Economics, 2018, (11): 51-63.
10.Qinyang Li, Xiangqiang Liu, Huang Yan. Investment Banking Relationships and the Selection of M&A Financial Advisors [J]. Theory and Practice of Finance and Economics, 2018, 39(01): 69-75.
11.Qinyang Li, Zhao Yang, Hu Jun. Directors and Officers Liability Insurance, Financial Flexibility, and Corporate Investment Efficiency [J]. Journal of Zhejiang Gongshang University, 2018, (02): 85-98.
12.Qinyang Li, Yaling Gui, Yang Min, et al. Shanghai-Hong Kong Stock Connect and Analysts' Optimistic Bias in Forecasts [J]. Scientific Decision Making, 2018, (03): 16-42.
13.Yu Biao, Qinyang Li, Yang Gang. Capital Market Opening and Labor Investment Efficiency in Enterprises: Empirical Evidence from the Shanghai-Shenzhen-Hong Kong Stock Connect Program [J]. Journal of Shanxi University of Finance and Economics, 2022, 44(10): 58-72.
14.Yu Biao, Yang Gang, Qinyang Li. Digital Transformation and Labor Investment Efficiency in Enterprises [J]. Economic Latitude and Longitude, 2023, 40(04): 93-103.
15.Xiangqiang Liu, Qinyang Li, Sun Jian. Internet Media Attention and Stock Returns: Cognitive Effect or Overreaction? [J]. Journal of the Central University of Finance and Economics, 2017, (07): 54-62.
16., Qinyang Li, Sun Jian. Does Media Tone Affect Stock Returns? Empirical Evidence from Internet Media [J]. Scientific Decision Making, 2017, (06): 41-54.
17.Song Chang, Hualing Yang, Qinyang Li. Analyst Attention and Cost Stickiness of Listed Companies [J]. Economic Theory and Management, 2016, (12): 93-107.
18.Song Chang, Hualing Yang, Qinyang Li. Auditor Industry Expertise and Firm Cost Stickiness [J]. Audit Research, 2016, (06): 72-79.
19.Principal Investigator of the 2022 National Social Science Fund Project: “Microeconomic Effects of Capital Market Liberalization: Empirical Evidence from the Shanghai-Shenzhen-Hong Kong Stock Connect System.”（22FGLB093）2022.11-Present
20.Principal Investigator of the 2017 Ministry of Education Youth Fund Project for Humanities and Social Sciences Research: “Performance Compensation Commitments, Earnings Management Practices, and Their Economic Consequences” (17YJC630063), 2017.1–2019.12
21.Principal Investigator of the 2021 Chongqing Social Science Planning Project “Research on the Mechanisms and Effects of Digital Transformation in Promoting Innovation Among Enterprises in Chongqing” (2021NDYB047)2021.6-2023.12
22.Principal Investigator of the 2019 Southwest University Central University Basic Research Fund Special Project “Assessment and Prevention of Chongqing Local Government Hidden Debt Risks” (SWU1909423)2019.6-2020.6
23.Principal Investigator of the 2017 Southwest University Central University Basic Research Fund Special Project: “The Impact of M&A Performance Commitments on Stock Price Crash Risks and Their Transmission Pathways” (SWU1709302)2017.3-2017.12
24.Principal Investigator of the 2018 Southwest University Central University Basic Research Fund Special Project—Doctoral Program: “Research on the Selection of Financial Advisors in Listed Company Mergers and Acquisitions: A Perspective Based on Investment Bank-Company Relationships” (SWU1709647)2018.3-2018.12