Educational Background

Ph.D. Management, School of Business and Management, Jilin University, Sept 2017- Jun 2023

B.A. Laws (Dual Degree), School of Law, Jilin University, Sept 2014- Jun 2017

B.A. Management, Business School, Jilin University, Sept 2013- Jun 2017

Working experience

2025.07- Present, China-ASEAN School of Economics/School of Economics/China-ASEAN Institute of Financial Cooperation，Guangxi University，Assistant Professor

2023.08-2025.06 ,Business School, Southern University of Science and Technology，Postdoctor/Assistant Researcher，Collaborated professor：Albert Tsang、Shufang Lai

Publications

[1] Liu B, Ju T, Lu J, Chan H K*. Hide away from implication: potential environmental reputation spillover and strategic concealment of supply chain partners’ identities, International Journal of Operations and Production Management, 2024, 44(9):1595-1620. (SSCI, ABS-4)

[2] Liu Bai, Lu Jiarui*. Does the quantity of ESG information disclosure reduce the cost of corporate debt financing? [J]. Studies of International Finance, 2024, (6):87-96. (CSSCI)

[3] Liu Bai, Lu Jiarui*. Heterogeneous effect of ESG ratings on corporate financing costs [J]. Journal of Finance and Economics, 2024, 50(4):124-138. (CSSCI)

[4] Liu Bai*, Lu Jiarui, Ju Tao. Formalism or substantialism: Research on green innovation under soft market supervision of ESG rating [J]. Nankai Business Review,2023,26(5):16-28.（CSSCI）

[5] Liu Bai, Lu Jiarui. Flexible regulation: Identification in process and correction after the event of the stock price crash risk[J]. Journal of Xi'an Jiaotong University(Social Sciences),2022,42(4):31-40. (CSSCI)

[6] Zhang Jinshan, Cui Xueliang, Lu Jiarui, Xu Guangping. Does the quality of informal information disclosure affect corporate innovation: Evidence  from the“Interaction Ease”and“E-Interaction”online  communication systems in the“We-media”era [J]. Journal of Xiamen University(Arts & Social Sciences),2022,72(3):46-58. (CSSCI)

[7] Liu Bai, Lu Jiarui. Potential risks and prevention of monopoly in the internet platform economy [J]. Finance and Accounting Monthly,2021(3):140-144. (Peking University Core)

[8] Liu Bai*, Lu Jiarui, Ju Tao. Manager Overconfidence Heterogeneity and corporate R&D investment and its performance[J]. Chinese Journal of Management,2020,17(1):66-75. (CSSCI)

[9] Liu Bai*, Lu Jiarui. Can stock exchange front-line supervision identify capital market risks? Evidence from the annual report inquiry letter[J]. Journal of Finance and Economics,2019,45(7):45-58. (CSSCI)

[10] Liu Bai, Lu Jiarui. The peer effect of earnings management: The moderating role of “sequence”[J]. Journal of Shanghai University of Finance and Economics,2019,21(4):112-128. (CSSCI)

[11] Liu Bai, Lu Jiarui. Equity incentive, overconfidence and corporate performance: Based on the “noise” perspective of earnings management[J]. Journal of Yunnan University of Finance and Economics,2019,35(8):88-101. (CSSCI)

[12] Liu Bai, Lu Jiarui. Follow the trend or the opportunism: A study on the contagion mechanism of corporate social responsibility [J]. Nankai Business Review,2018,21(4):182-194. (CSSCI)

[13] Liu Bai, Lu Jiarui. “Good citizen” or “good actor”: A study on corporate social responsibility behavior anomalies——From the perspective of corporate earnings forecasts [J]. Journal of Finance and Economics,2018,44(5):97-108. (CSSCI)

Granted Projects

[1] National Social Science Foundation: "Research on the Tail Risk and Prevention Strategies of China's Macroeconomic Operation" (24CJY139). In Progress. (participation)

[2] National Social Science Foundation: "Research on the Logic of Financial Risk Generation, Risk Measurement, and Prevention Mechanisms under Financial Market Opening Conditions" (18BJY232). Completed. (participation)

[3] National Social Science Foundation: "Research on Conflicts and Coordination between Monetary Policy and Exchange Rate Policy under the New Normal of Two-Way Fluctuation of the RMB" (15BJY156). Completed. (participation)

[4] Humanities and Social Sciences Planning Project of Ministry of Education: "Research on the Impact of Central Bank Digital Currency on Enterprise Innovation: Mechanism, Path, and Value Effect" (24YJC630219). In Progress. (participation)

[5] Humanities and Social Sciences Planning Project of Ministry of Education: "Research on the Valuation Method and Value Assessment of Enterprise Digital Assets" (22YJA630047). In Progress. (participation)

[6] Humanities and Social Sciences Planning Project of Ministry of Education: "Research on the Aggregation and Release of China's Foreign Exchange Market Pressure and Risk Early Warning Driven by Two-Way Opening of the Financial Industry" (16YJA79002). Completed. (participation)

[7] 2024 Jilin Provincial Youth Development Research Plan ("Hundred Masters and Doctors Assist Revitalization" Special Project): "Research on the Path of New Quality Productive Forces Promoting Agricultural Modernization in Jilin Province" (2024jqy-zx002). Completed. (participation)

Honors and Awards

[1] “Top 5% of China's Highly Cited Researchers 2024” by CNKI (China National Knowledge Infrastructure)

[2] Outstanding Doctoral Dissertation Award of Jilin Province, 2024

[3] Outstanding Doctoral Dissertation Award of Jilin University, 2023

[4] “Annual Outstanding Paper Award for the Construction of China's Management Autonomous Knowledge System (2023)” for “Formalism or substantialism: Research on green innovation under soft market supervision of ESG rating”

[5] “Outstanding Paper Award, 9th International Symposium on Corporate Governance” and “9th Changchun City Outstanding Achievement Award in Social Sciences” for “Follow the trend or the opportunism: A study on the contagion mechanism of corporate social responsibility”

[6] “Outstanding Achievement Award, 5th National Youth Forum on Corporate Governance” for” Can stock exchange front-line supervision identify capital market risks? Evidence from the annual report inquiry letter”

[7] Multiple Recipient of “Jilin University First-Class Scholarship” “Jilin University Outstanding Student Award” “Academic Performance Scholarship”

[8] Runner-up, Mixed Team Event, Jilin University 2021 "Yanguan Cup" Table Tennis Tournament

[9] Runner-up, Men's Team Event, 23rd Jilin University Student Badminton Championship

[10] Top 4 Finish, Southern University of Science and Technology 1st Staff E-sports Competition