PDF《Erica X.N. Li》

Erica X.

N. Li updated: May

2018 Contact Information Cheung Kong Graduate School of Business

1 East Chang An Avenue Oriental Plaza, E1, 10F Beijing,

100738 Phone: (86)

85188858 Ext.

8102 Email: [email protected] Homepage: http://english.ckgsb.edu.cn/faculty_content/erica-xn-li Education Ph.D. in Finance, University of Rochester, 2008. Minor: Macroeconomics. Ph.D. in Physics, University of Massachusetts, Amherst, 2002. B.S. in Physics and B.A. in Economics, Peking University, 1998. Employment Assistant Professor in Finance, University of Michigan, Stephen M. Ross School of Business,

2007 -

2011 Visiting Assistant Professor in Finance, Cheung Kong Graduate School of Business,

2011 -

2012 Assistant Professor in Finance, Cheung Kong Graduate School of Business,

2012 -

2016 Associate Professor in Finance (without tenure), Cheung Kong Graduate School of Business,

2016 - present Research Interest Asset Pricing Theory, Dynamic Corporate Theory, Monetary Policies, Fiscal Policies Honors, Awards, and Grants Cheung Kong Graduate School of Business, Research Excellency Award,

2018 University of Michigan, Ann Arbor, Summer Research Grant, 2008-2010 University of Rochester, Graduate Fellowship, 2002-2007 University of Massachusetts, Amherst, Eugene M. Isenberg Award for Innovative Interdisciplinary Studies in Business, Science, and Technology,

2001 University of Massachusetts, Amherst, Graduate Fellowship, 1998-2002 Erica X.N. Li

2 Publications Anomalies, 2009, with Dmitry Livdan and Lu Zhang, Review of Financial Studies, lead article, 22(11), 4301C 4334. Nominal Rigidities, Asset Returns and Monetary Policy, 2014, with Francisco Palomino, Journal of Monetary Economics, 66, 210C225. Do Underwriters Compete in IPO pricing? with Evgeny Lyandres and Fangjian Fu, Management Science, forthcoming Corporate Governance and Costs of Equity: Theory and Evidence, with Di Li, Management Science, forth- coming Macroeconomic Risks and Asset Pricing: Evidence from a Dynamic Stochastic General Equilibrium Model, with Haitao Li, Shujing Wang, and Cindy Yu, Management Science, forthcoming Inventory Behavior and Financial Constraints: Theory and Evidence, with Sudipto Dasgupta and Dong Yan, Review of Financial Studies, forthcoming The CAPM Strikes Back? An Investment Model with Disasters, with Hang Bai, Kewei Hou, Howard Kung, Lu Zhang, Journal of Financial Economics, forthcoming Working Papers Real and Nominal Equilibrium Yield Curves with Endogenous In?ation: A Quantitative Assessment, with Alex Hsu and Francisco Palomino (Revise and Resubmit at Management Science) Active Monetary or Fiscal Policy and Stock-Bond Correlation, with Tao Zha, Ji Zhang and Hao Zhou Working Projects Marginal Value of Cash and Shareholder-Management Con?icts, with Sudipto Dasgupta and Di Li Real Costs of Mispricing: Does Money Managing Industry Consume More than They Create, with Jason Chen Equilibrium Factor Premiums, with Hang Bai and Lu Zhang Empire-Building or Quiet Life: Evidence from a Structural Estimation, with Sudipto Dasgupta and Boris Nikolov Optimality of China's Interest Rate Liberalization Policies, with Ji Zhang, Jing Zhou, and Hao Zhou Diversity and Firm Value, with Yifei Mao, Xiaoyun Yu, Shaojun Zhang Editorial Service Associate Editor, the International Review of Finance, 2018-present Selected Invited Seminars London School of Economics Stanford University The Pennsylvania State University University of California, San Diago University of Michigan Erica X.N. Li

3 The Wharton School, University of Pennsylvania University of Washington City University of Hong Kong Hong Kong University Chinese University of Hong Kong Peking University Cheung Kong Graduate School of Business Shanghai Advanced Institute of Finance PBS School of Finance, Tsinghua University Shanghai Jiao Tong University Capital University of Economics and Business China Center for Economic Research (CCER), Peking University