Summary

Cao Chunfang, the Professor at Business School of Sun Yat-sen University, Doctoral Supervisor. Academic publications include “Review of Finance”, “International Review of Economics and Finance” (3 papers), “Corporate Governance: An International Review”,  “Economic Research Journal”(2 papers), “Management World”(5 papers), “China Economic Quarterly”, “The Journal of World Economy”, “Naikai Business Review”(2 papers), “Journal of Financial Research”(2 papers); host the projects supported by The National Natural Science Foundation( NSFC, 2 topics), Humanities and Social Sciences Foundation of the Ministry of Education, etc.; won Tianjin 13th Social Science Excellent Achievement first Prize, Sichuan 16th Social Science Excellent Achievement third Prize.

Research Areas

Corporate Finance and Corporate Governance；Business Group Governance; Capital Market and Accounting

Educational Background

Doctor of Philosophy, Corporate Governance, Nankai University, Tianjin, PRC 2012

Master of Business Management, Yunnan University of Finance and Economics, Kunming, PRC 2009

Bachelor of Chemical Engineering, Anhui Polytechnic University, Wuhu, PRC 2007

Professional Experiences

Lecturer, Southwestern University of Finance and Economics, PRC 2012 to 2013

Associate Professor, Accounting, Southwestern University of Finance and Economics, PRC 2013 to 2017

Associate Professor, Business, Sun Yat-sen University, PRC 2017 to 2021.

Professor, Business, Sun Yat-sen University, PRC 2021 to present.

Publications

1. Cao Chunfang, Xia Changyuan and Qian Xianhang, “Inter-regional Trust and Group Development in Different Places——An Empirical Test Based on Enterprise Boundary Theory” Management World, 2019, No.1,(in Chinese)

2. Cao Chunfang, Liu Xiumei and Jia Fansheng, “Investing in your hometown: information, familiarity or agency issues?” Management World, 2018, No.5, pp.107-119,(in Chinese)

3. Xia Changyuan, Xiaowei Zhang, Chunfang Cao(corresponding author), Nan Xu. “Independent Director Connectedness in China: An Examination of the Trade Credit Financing Hypothesis”, International Review of Economics and Finance, 2018, forthcoming.

4. Cao Chunfang, Zhang Tingting and Liu Xiumei “Market segmentation has increased the competitive position of the state-owned enterprise market?” financial Research, 2018, No.3, pp.121-136,(in Chinese)

5. Cao Chunfang, Zhang Tingting and Fan Ziying “Market integration under regional bias” Economic Research Journal, 2017, No.12,(in Chinese)

6. Qian Xianhang, Tingqiu Cao, Chunfang Cao, “Institutional Environment and Bank Loans: Evidence from Twenty-Five Developing Countries” Corporate Governance: An International Review, 2017.

7. Chunfang Cao, Xiaoyang Li and Guilin Liu, “Political Uncertainty and Cross-Border Acquisitions”, Review of Finance, 2017, online: 1~25.

8. Changyuan Xia, Chunfang Cao, Kam C. Chan, “Social Trust Environment and Firm Tax Avoidance: Evidence from China”, North American Journal of Economics and Finance, 42 (2017) 374–392.

9. Cao Chunfang and Lin Yan, “A Study on Non-local Independent Directors, Duties and Corporate Over investment”, Nankai Business Review, 2017, Vol.20, No.1, pp.16-29, (in Chinese).

10. Cao Chunfang, Chen Lulan and Zhang Tingting,““The Name of the Law”: Judicial Independence Promote and Corporate Violations”, Journal of Financial Research, 2017, No.5, pp.191-206, (in Chinese).

11. Cao Chunfang, Fansheng Jia, Xiaowei Zhang, and Kam C. Chan, “Does religion matter to dividend policy? Evidence from Buddhism and Taoism in China”, Nankai Business Review International, 2016, 11, 510-541.

12. Cao Chunfang, Tiantian Zhang, Chih-Hsiang Chang and Kam C. Chan, “International Review of Economics and Finance (1992-2015): The past 24 years and beyond”, International Review of Economics and Finance(JCR Impact Factor Rank business & finance, 17/94, economic 58/345; SSCI Q1). 2016, 44, 266–276.

13. Cao Chunfang, Changyuan Xia and Kam C. Chan, “Social Trust and Stock Price Crash Risk: Evidence from China”, International Review of Economics and Finance(JCR Impact Factor Rank business & finance, 17/94, economic 58/345; SSCI Q1). 2016, 46, 148–165.

14. Xu Nan and Cao Chuanfang, “Independent Directors′ Network and Chinese Listed Firms′ Cash Holding”, Nankai Economic Studies, 2016, No.6, pp.106-125, (in Chinese).

15. Cao Chunfang , Zhou Dawei, Wu Chengcheng and Zhang Tingting, “The Market Segmentation and the Distribution of Non-local Subsidiaries”, Management World, 2015, No.9, pp. 92-103, (in Chinese).

16. Cao Chunfang, Xu Nan, Lu Dong, and Tang Songlian, “Pyramidal Layers, Long-Term Loans Allocation, and Efficiency of Long-term Loans Use: Based on Local State owned Listed Companies”, Nankai Business Review,2015, Vol.18, No.2, pp.115-125, (in Chinese).

17. Cao Chunfang, Zhou Dawei, and Wu Chengcheng, “Trust Environment, Corporate Governance and Investment-Cash Flow Sensitivity”, The Journal of World Economy, 2015,No.5,pp.125-147, (in Chinese).

18. Qian Xianhang, Cao TingQiu and Cao Chunfang, “Suffering from Both Poverty and Instability:Research on the Establishment and Income Allocation in Public Sector”, Economic Research Journal, 2015, No.7,pp.57-71, (in Chinese).

19. Cao Chunfang, Zhou Dawei and Wang Yuanfang, “Promotion Pressure, Resources Allocation and Investment Orientation Changes of Local State-owned Enterprises”, Audit & Economy Research, 2015, No.1, pp.93-104, (in Chinese).

20. Cao Chunfang and Fu Chao, Official Tenure and Local SOE Donations: Do Officials Pursue “Charity”, Journal of Finance and Economics, 2015, Vol.41 No.4, pp.122-133, (in Chinese).

21. Cao Chunfang, Ma Lianfu, and Shen Xiaoxiu “Fiscal Pressure, Promotion Pressure, Tenure of Office and Local State_owned Companies’ Over-investment”, China Economic Quarterly, 2014, No.4, pp.1415-1436, (in Chinese)

22. Qian Xianhang and Cao Chunfang, “Does Credit Environment Affect Bank Loan Portfolios? --Evidence from the City Commercial Banks”, Journal of Financial Research, 2013, No.4, pp.57-70, (in Chinese).

23. Ma Lianfu and Cao Chunfang, “The Institutional Environment, the Intervention of Local Government, the Corporate Governance and the Change in the Direction in which the Collected Fund Obtained through IPO is Put”, Management World, 2013, No.1, pp-143-157,(in Chinese).

24. Cao Chunfang, “Between the Transfer of the Political Power and the Corporate Investment: the Logic of China”, Management World, 2013, No.1, pp.143-157,(in Chinese).

25. Cao Chunfang and Ma Lianfu, “Officials Characteristics and Investment Orientation Changes of Local State-owned Enterprises”, 2012, No.3, pp.93-107, (in Chinese).

26. Cao Chunfang, “Government Intervention, the Investment after the Changes of Committed Investment Orientation of Local State-owned Companies and the Companies' Value”, Economic Management, 2012, Vol.34 No.04, pp.1-10, (in Chinese).

Current Research

Cao Chunfang (Director), 2017-2020, National Natural Science Foundation of China, “Social Network and Subsidiary’s Distributing: Space, Types and Effects” (Approval No. 71302181) (2017-2020);

Teaching

Internal Control

Case Analysis of Financial Management

Accounting

Auditing

Comparison of International Corporate Governance（Maser）

Corporate Governance（Ph, D）

Achievement

Awards on Research

First Prize of Tianjin Social Science Outstanding Achievements (Cooperation)

First Prize of Excellent Achievements in Social Science of Shandong Province (Cooperation)

Third Prize of Sichuan Province Social Science Outstanding Achievements (Independent)

Awards on Teaching

Title of Honour

Part-time Researcher, China Corporate Governance Research Institute

Expert Committee of the Corporate Governance Professional Committee (CACG) of the China Management Modernization Research Association

Deputy Secretary General, Financial Accounting Branch, China Accounting Association

Publications

1. Cao Chunfang, Xia Changyuan and Qian Xianhang, “Inter-regional Trust and Group Development in Different Places——An Empirical Test Based on Enterprise Boundary Theory” Management World, 2019, No.1,(in Chinese)

2. Cao Chunfang, Liu Xiumei and Jia Fansheng, “Investing in your hometown: information, familiarity or agency issues?” Management World, 2018, No.5, pp.107-119,(in Chinese)

3. Xia Changyuan, Xiaowei Zhang, Chunfang Cao(corresponding author), Nan Xu. “Independent Director Connectedness in China: An Examination of the Trade Credit Financing Hypothesis”, International Review of Economics and Finance, 2018, forthcoming.

4. Cao Chunfang, Zhang Tingting and Liu Xiumei “Market segmentation has increased the competitive position of the state-owned enterprise market?” financial Research, 2018, No.3, pp.121-136,(in Chinese)

5. Cao Chunfang, Zhang Tingting and Fan Ziying “Market integration under regional bias” Economic Research Journal, 2017, No.12,(in Chinese)

6. Qian Xianhang, Tingqiu Cao, Chunfang Cao, “Institutional Environment and Bank Loans: Evidence from Twenty-Five Developing Countries” Corporate Governance: An International Review, 2017.

7. Chunfang Cao, Xiaoyang Li and Guilin Liu, “Political Uncertainty and Cross-Border Acquisitions”, Review of Finance, 2017, online: 1~25.

8. Changyuan Xia, Chunfang Cao, Kam C. Chan, “Social Trust Environment and Firm Tax Avoidance: Evidence from China”, North American Journal of Economics and Finance, 42 (2017) 374–392.

9. Cao Chunfang and Lin Yan, “A Study on Non-local Independent Directors, Duties and Corporate Over investment”, Nankai Business Review, 2017, Vol.20, No.1, pp.16-29, (in Chinese).

10. Cao Chunfang, Chen Lulan and Zhang Tingting,““The Name of the Law”: Judicial Independence Promote and Corporate Violations”, Journal of Financial Research, 2017, No.5, pp.191-206, (in Chinese).

11. Cao Chunfang, Fansheng Jia, Xiaowei Zhang, and Kam C. Chan, “Does religion matter to dividend policy? Evidence from Buddhism and Taoism in China”, Nankai Business Review International, 2016, 11, 510-541.

12. Cao Chunfang, Tiantian Zhang, Chih-Hsiang Chang and Kam C. Chan, “International Review of Economics and Finance (1992-2015): The past 24 years and beyond”, International Review of Economics and Finance(JCR Impact Factor Rank business & finance, 17/94, economic 58/345; SSCI Q1). 2016, 44, 266–276.

13. Cao Chunfang, Changyuan Xia and Kam C. Chan, “Social Trust and Stock Price Crash Risk: Evidence from China”, International Review of Economics and Finance(JCR Impact Factor Rank business & finance, 17/94, economic 58/345; SSCI Q1). 2016, 46, 148–165.

14. Xu Nan and Cao Chuanfang, “Independent Directors′ Network and Chinese Listed Firms′ Cash Holding”, Nankai Economic Studies, 2016, No.6, pp.106-125, (in Chinese).

15. Cao Chunfang , Zhou Dawei, Wu Chengcheng and Zhang Tingting, “The Market Segmentation and the Distribution of Non-local Subsidiaries”, Management World, 2015, No.9, pp. 92-103, (in Chinese).

16. Cao Chunfang, Xu Nan, Lu Dong, and Tang Songlian, “Pyramidal Layers, Long-Term Loans Allocation, and Efficiency of Long-term Loans Use: Based on Local State owned Listed Companies”, Nankai Business Review,2015, Vol.18, No.2, pp.115-125, (in Chinese).

17. Cao Chunfang, Zhou Dawei, and Wu Chengcheng, “Trust Environment, Corporate Governance and Investment-Cash Flow Sensitivity”, The Journal of World Economy, 2015,No.5,pp.125-147, (in Chinese).

18. Qian Xianhang, Cao TingQiu and Cao Chunfang, “Suffering from Both Poverty and Instability:Research on the Establishment and Income Allocation in Public Sector”, Economic Research Journal, 2015, No.7,pp.57-71, (in Chinese).

19. Cao Chunfang, Zhou Dawei and Wang Yuanfang, “Promotion Pressure, Resources Allocation and Investment Orientation Changes of Local State-owned Enterprises”, Audit & Economy Research, 2015, No.1, pp.93-104, (in Chinese).

20. Cao Chunfang and Fu Chao, Official Tenure and Local SOE Donations: Do Officials Pursue “Charity”, Journal of Finance and Economics, 2015, Vol.41 No.4, pp.122-133, (in Chinese).

21. Cao Chunfang, Ma Lianfu, and Shen Xiaoxiu “Fiscal Pressure, Promotion Pressure, Tenure of Office and Local State_owned Companies’ Over-investment”, China Economic Quarterly, 2014, No.4, pp.1415-1436, (in Chinese)

22. Qian Xianhang and Cao Chunfang, “Does Credit Environment Affect Bank Loan Portfolios? --Evidence from the City Commercial Banks”, Journal of Financial Research, 2013, No.4, pp.57-70, (in Chinese).

23. Ma Lianfu and Cao Chunfang, “The Institutional Environment, the Intervention of Local Government, the Corporate Governance and the Change in the Direction in which the Collected Fund Obtained through IPO is Put”, Management World, 2013, No.1, pp-143-157,(in Chinese).

24. Cao Chunfang, “Between the Transfer of the Political Power and the Corporate Investment: the Logic of China”, Management World, 2013, No.1, pp.143-157,(in Chinese).

25. Cao Chunfang and Ma Lianfu, “Officials Characteristics and Investment Orientation Changes of Local State-owned Enterprises”, 2012, No.3, pp.93-107, (in Chinese).

26. Cao Chunfang, “Government Intervention, the Investment after the Changes of Committed Investment Orientation of Local State-owned Companies and the Companies' Value”, Economic Management, 2012, Vol.34 No.04, pp.1-10, (in Chinese).

Current Research

Cao Chunfang (Director), 2017-2020, National Natural Science Foundation of China, “Social Network and Subsidiary’s Distributing: Space, Types and Effects” (Approval No. 71302181) (2017-2020);

Teaching

Internal Control

Case Analysis of Financial Management

Accounting

Auditing

Comparison of International Corporate Governance（Maser）

Corporate Governance（Ph, D）

Achievement

Awards on Research

First Prize of Tianjin Social Science Outstanding Achievements (Cooperation)

First Prize of Excellent Achievements in Social Science of Shandong Province (Cooperation)

Third Prize of Sichuan Province Social Science Outstanding Achievements (Independent)

Awards on Teaching

Title of Honour

Part-time Researcher, China Corporate Governance Research Institute

Expert Committee of the Corporate Governance Professional Committee (CACG) of the China Management Modernization Research Association

Deputy Secretary General, Financial Accounting Branch, China Accounting Association