Guangli Zhang

Personal Information

·Native Place:Qingzhou, Shandong, China

·Title:Associate Professor, Ph.D. Supervisor

·Positions:Deputy Director (on secondment), Faculty Affairs Department, Central University of Finance and Economics; Director, Department of Finance and Financial Management, School of Business

·Email:zhanguangli@cufe.edu.cn

Education

·Ph.D.,School of Finance, Renmin University of China (2012–2015)

·M.A.,School of Economics, Shandong University (2009–2012)

·B.A.,School of Economics, Shandong University (2005–2009)

Courses Taught

·Undergraduate:Financial Markets and Institutions

·Doctoral:Empirical Microfinance Theory and Methods

·MBA:Business Decision-Making and Simulation;Wealth Management

Research Areas

·Corporate Finance

·Real Estate Economics

·Information Disclosure of Listed Companies

Publications

·Zhang Xingtong, Xue Huili, Zhang Guangli.Regional Environmental Policy Uncertainty and Credit Resource Allocation in Urban Commercial Banks.Learning and Exploration (学习与探索), 2025, 04, 118–129. (in Chinese).

·Guangli Zhang, Huili Xue, Hao Gao, Xiaoyuan Liu.Clan Culture and Corporate Social Responsibility in Chinese Family Firms.The Singapore Economic Review, 2024, 69(01), 119–139.

·Xue Huili, Wang Shanshan, Zhang Guangli.Research on the Impact of City Cluster Policies on Regional Entrepreneurial Activities.Journal of Sun Yat-sen University (Social Science Edition) (中山大学学报(社会科学版)), 2025, 02, 193–206. (in Chinese).

·Li Japeng, Xue Huili, Yang Delin, Zhang Guangli, Hu Xiao.House Price Fluctuations and Entrepreneurship.2025, 38(01), 1–12. (in Chinese).

·Liu Xiaoyuan, Yu Yanzhou, Zhang Guangli, Pang Shoulin.Social Trust and Stability of Corporate Executive Teams.Management Review (管理评论), 2017, 37(03), 164–176. (in Chinese).

·Minghui Lan, Guangli Zhang, Wei Yan, Fen Qi, Lihua Qin.Greening through Courts: Environmental Law Enforcement and Corporate Green Innovation.Economic Analysis and Policy, 2024, 83, 223–242.

·Zhang Guangli, Lan Minghui, Yu Lianchao, Yang Changhan.Environmental Policy Uncertainty, Environmental Law Enforcement, and Corporate Environmental Investment.Financial Research (财经研究), 2024, 50(06), 79–92. (in Chinese).

·Zhang Guangli, Qin Lihua, Wang Ying.Information Value Analysis of IPO Risk Factor Review Inquiries.Contemporary Economic Science (当代经济科学), 2023, 45(06), 110–122. (in Chinese).

·Zhang Guangli, Xue Huili, Gao Hao.Text Readability and the Effectiveness of Information Disclosure in IPO Review Inquiries.Financial Research (金融研究), 2023, 07, 173–192. (in Chinese).

·Guangli Zhang, Xianhang Qian.The Impact of Officials’ Turnover on Interregional Capital Flows: Evidence from China.Applied Economics, 2022, 54(07), 749–763.

·Zhang Guangli, Qin Lihua, Yang Changhan, Jiao Minzhi.Bank Branch Expansion and Regional Entrepreneurial Behavior.Journal of Central University of Finance and Economics (中央财经大学学报), 2022, 10, 22–34. (in Chinese).

·Zhang Guangli, Xue Huili, Lin Song.Study on the Impact of IPO Events on Regional Entrepreneurial Activities.Financial Research (财经研究), 2022, 48(05), 125–139. (in Chinese).

·Zhang Guangli, Xue Huili, Lan Minghui, Lin Song.Administrative Division Adjustment and Regional Market Entity Vitality: A Perspective Based on the “County-to-District” Policy and Entrepreneurial Activities.Economic Theory and Economic Management (经济理论与经济管理), 2022, 42(04), 84–97. (in Chinese).

·Zhang Guangli, Liang Ting, Gao Hao, Xue Huili.Executive Language Style in Conference Calls and Investor Market Reactions.World Economy (世界经济), 2022, 45(04), 217–244. (in Chinese).

·Zheyao Pan, Guangli Zhang, Huixuan Zhang.Political Uncertainty and Cost Stickiness: Evidence from Prefecture-City Official Turnover in China.China Accounting and Finance Review, 2022, 24(02), 142–171.

·Yan Lixin, Zhang Guangli, Wu Dongxiao.Does Regional Social Credit Affect Bank Compliance? An Empirical Test Based on 295 Cities.Financial Regulation Research (金融监管研究), 2021, 11, 78–96. (in Chinese).

·Jian Xiaotong, Zhang Guangli, Gao Hao.Conference Calls and Stock Price Synchronization of Chinese Listed Companies.Systems Engineering Theory and Practice (系统工程理论与实践), 2021, 41(11), 2786–2805. (in Chinese).

·Zhang Guangli, Xue Huili, Gao Hao.IPO Valuation Review and Stock Market Performance.Economic Research (经济研究), 2021, 56(10), 155–171. (in Chinese).

·Xianhang Qian, Shanyun Qiu, Guangli Zhang.The Impact of COVID-19 on Housing Prices: Evidence from China.Finance Research Letters, 2021, 02, 101944.

·Cao Tingqiu, Zhang Guangli.Voluntary Information Disclosure and Stock Price Crash Risk: A Study Based on Conference Calls.Economic Research (经济研究), 2020, 55(11), 191–207. (in Chinese).

·Rong Xu, Guangli Zhang, Junyan Zhang, Zhigang Zheng.Executive Incentive Compatibility and Selection of Governance Mechanisms.Accounting & Finance, 2020, 60(01), 535–554.

·Jianlei Han, Zheyao Pan, Guangli Zhang.Divergence of Opinion and Long-Run Performance of Private Placements: Evidence from the Auction Market.Journal of Financial Research, 2019, 42(02), 271–302.

·Xianhang Qian, Guangli Zhang, Tingqiu Cao.Money Following Trust: Evidence from China’s High-Value Payment System.International Review of Finance, 2019, 19(02), 385–412.

·Xianhang Qian, Ying Wang, Guangli Zhang.The Spatial Correlation Network of Capital Flows in China: Evidence from China’s High-Value Payment System.China Economic Review, 2018, 50, 175–186.

·Zhang Guangli, Yan Lixin, Zhou Liguo.Political Experience of Chairmen of City Commercial Banks and Bank Risk-Taking.Economic Management (经济管理), 2019, 41(07), 71–87. (in Chinese).

·Wang Ying, Zhang Guangli.Board Networks and Corporate Innovation: Bringing in Capital and Talent.Financial Research (金融研究), 2018, 06, 189–206. (in Chinese).

·Jianlei Han, Guangli Zhang.Politically Connected Boards, Value or Cost: Evidence from a Natural Experiment in China.Accounting & Finance, 2018, 58, 149–169.

·Zhang Guangli, Liu Xiaoyuan.Housing Prices and Residents’ Risk Preferences.Economic Research (经济研究), 2018, 53(01), 110–123. (in Chinese).

·Zhang Guangli, Qian Xianhang, Xu Jin.Can Economic Policy Uncertainty Affect Corporate Cash Holding?Management Review (管理评论), 2017, 29(09), 15–27. (in Chinese).

·Zhang Guangli, Liu Yi, Qi Junfeng.Can Banks Implement Effective Supervision? A Study Based on Controlling Shareholder Tunneling.Finance Theory & Practice (财经理论与实践), 2015, 36(04), 15–21. (in Chinese).

·Guangli Zhang, Jianlei Han, Zheyao Pan, Haozhi Huang.Economic Policy Uncertainty and Capital Structure Choice: Evidence from China.Economic Systems, 2015, 39(03), 439–457.

·Zhang Guangli.Banks with Corporate Shareholding and Enterprises’ Shadow Banking Functions.Southern Economics (南方经济), 2015, 09, 16–40. (in Chinese).

·Zhang Guangli, Cao Tingqiu.Local State-Owned Economy and Prudential Behavior of City Commercial Banks.Financial Forum (金融论坛), 2015, 20(03), 36–43. (in Chinese).

·Zhang Guangli, Han Jianlei.Trade Credit or Debt Financing?Journal of Shanxi University of Finance and Economics (山西财经大学学报), 2014, 36(10), 35–45. (in Chinese).

·Xianhang Qian, Guangli Zhang, Haiming Liu.Officials on Boards and the Prudential Behavior of Banks.China Economic Review, 2014, 32, 84–96.

·Cao Tingqiu, Zhang Guangli.Motivations and Effects of Top Management Resignations in Chinese Listed Companies.Economic Research (经济研究), 2012, 47(06), 73–87. (in Chinese).

·Cao Tingqiu, Zhang Guangli.Franchise Value, Market Structure, and Bank Risk-Taking.Shanghai Finance (上海金融), 2011, 11, 32–38. (in Chinese).

·Cao Tingqiu, Zhang Guangli.Market Constraints, Government Intervention, and Commercial Bank Risk-Taking.Financial Forum (金融论坛), 2011, 16(02), 3–14. (in Chinese).

·Cao Tingqiu, Zhang Guangli, Wei Hua, Li Weian.Bank Governance, Governance Mechanisms, and Governance Risk.Economic Research (经济研究), 2010, 45(09), 149–154. (in Chinese).

Research Projects

·Principal Investigator, National Natural Science Foundation of China (Youth Project)

·Principal Investigator, Ministry of Education Humanities and Social Sciences (Youth Project)

·Principal Investigator, “Young Faculty Development Fund” Project, Central University of Finance and Economics

·Principal Investigator, Kingboard Group project “Pulp and Paper Segment: Business Model, Financing Methods, and Risk Management”

·Participant, Sinopec Group commissioned project “Central State-Owned Enterprise Value Management: Value Concepts and Systems Research”

·Participant, Aerospace Cloud Network Co., Ltd. commissioned project “Employee Stock Ownership Plan Scheme”

Teaching Projects

·Principal Investigator, CUFE Teaching Methods Reform Research Project (2021–2022)

·Principal Investigator, CUFE“Hongse Qingt, Longmaxing”Teachers’“Ideological+”Special Support Fund Project (2022–2024)

·Principal Investigator, CUFE Education and Teaching Reform Fund (2021–2022)

·Principal Investigator,CUFE"Fostering Initiative for Pioneering Social Science Textbook Development in the New Era"

Professional Service

·Serves as an anonymous reviewer for journals such asEconomic ResearchandFinancial Research

·Adjunct Researcher, Global Family Business Research Center, PBC School of Finance, Tsinghua University

·Expert reviewer for dissertations, Ministry of Education (China)

·Researcher, Industrial Finance Research Institute, China Minmetals Corporation

Honors and Awards

·Excellence Award, 5th Beijing University Teachers’ Teaching Innovation Competition

·“Elite Scholar,” Central University of Finance and Economics

·Excellent Advisor of the "Research-Education Integration Program for Fostering Rising Research Stars" (Cohort III)atCUFE

·Best Paper Award, 5th China Lixin Finance Forum (2021)

·Best Paper Award, 11th International Conference on Corporate Governance (2021)

·Second Prize, Shandong Province Social Science Outstanding Achievement Award (2021)

·First Prize, Shandong Province Social Science Outstanding Achievement Award (2014)

·Best Paper Award, Financial Markets and Corporate Governance Conference, Melbourne, Australia (2018)