Gary (Gang) TIAN
Curriculum Vitae
1
School of Accounting and Finance
University of Wollongong
Northfields Ave,
NSW 2522 Australia
2
Professional experience
Tel: 61 (0)2 4221 4301
Fax: 61 (0)2 4221 4297
Email: [email protected]
Chair Professor in Finance (February 2012 –),
Director, Chinese Commerce Research Centre (December 2008 –),
School of Accounting and Finance
University of Wollongong
Present
Citizen: Australian
Web: http://www.uow.edu.au/commerce/accy/who/UOW017523.html
Previous
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Associate Professor (February 2007 – December 2011),
Head of Postgraduate Studies (April 2007 – August 2012),
School of Accounting and Finance,
University of Wollongong.
Senior Lecturer (January 2001 – February 2007)
Lecturer (January 1999 – December 2000),
School of Economics and Finance, University of Western Sydney.
Lecturer, (July 1996 – December 1998), School of Economics,
Flinders University, SA.
Associate Lecturer (July 1994- June 1996), School of Economics,
La Trobe University, Melbourne.
Lecturer (January 1988 – June 1989), Department of World Economy,
Shanghai University of Finance and Economics, China.
Credit Officer, (February 1982 – December 1987), Letter of Credit Department,
Bank of China, Shanghai.
HONORS & AWARDS
2013, Winner, the 2012 Runner up CGIR Best Paper Award, “Board Structure and Survival of
New Economy IPO Firms”, with Chancharat, N. and Krishnamurti C., Corporate
Governance: An International Review (2012) 20 (2), 144-163.
2012, Finalist, the Pacific-Basin Finance Journal Best Paper Award at the 2012 Asian Finance
Association International Conference, for a joint paper with Ma, Liangbo, and Ma,
Shiguang, “Political Connection, Founder-Managers, and Their Impacts on Tunneling in
China's Listed Firms”.
2012, Finalist, the Best Paper Award in the Auckland Finance Meeting, December 2012 for a
joint paper with (Jane Chau, Alex Frin, and Shiguang Ma) “Impact of Anonymity on
Liquidity in Limit Order Books: Evidence from Cross-Listed Stocks”
2010，Winner, Best Paper Award in Corporate Finance at the 2010 FMA Asian Conference in
Singapore, for a joint paper with Mike Lemmon, Jerry Cao, and Xiaofei Pan, “Political
Promotion, CEO Compensation, and Their Effect on Firm Performance”.
2009, Service to Research Awards, Commerce Staff Awards 2008, Faculty of Commerce,
UOW.
2008, Research Excellence Award, Commerce Staff Awards 2008, Faculty of Commerce,
UOW.
2008, Visiting Professor, Sun Yat-Sen University.
2006, Senior Visiting Scholar, Nanyang Business School, Nanyang Technological University,
Singapore
Senior Visiting Fellows, School of Business, Sun Yat-sen University
1989-93, Macquarie University Postgraduate Research Award (MUPRA), Australia.
1990-93, Australian National Research Training Priority Area Stipend.
This additional award was on the basis of the progress and the quality of the research of
MUPRA holders. I became the first postgraduate research student at Macquarie to
achieve that distinction.
1985, National Young Economist Award, China, an award for the best article “Expanding
China’s export amid growing protectionism during 1980s”.
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RESEARCH
4.1
Research Interests
1)
2)
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6)
4.2
CEO compensation/turnover, political promotion
Political connection, firm performance and tunnelling
Disproportional ownership, state control and family control
Intraday data, liquidity and volatility patterns
Foreign exchange rate, share market, and financial market integration
Chinese financial markets and corporate finance
List of Publications
(i)
Refereed journal articles
2013
“Is no news good news evidence of intraday returns and volatility relationship from the
Shanghai Stock Exchange”, with Chandrasekhar Krishnamurti, Min Xu and Guangchuan
Li, Journal of the Asia Pacific Economy (2013) 18 (1), 149-167(ERA rank A).
2012
2
“Controlling shareholders expropriation and firms’ leverage decision evidence from
Chinese non-tradable share reform”, with Qigui Liu, Journal of Corporate Finance.
(ERA/ABDC rank A*) (2012) 18 (4), pp. 782-803.
“Board Structure and Survival of New Economy IPO Firms”, with Chancharat, N. and
Krishnamurti C., Corporate Governance: An International Review (2012) 20 (2), 144163. (ERA/ABDC rank A)
“Corporate Governance and Corporate Finance Practices in a Kuwait Stock Exchange
Market Listed Firm: A Survey to Confront Theory with Practice”, with Al Mutairi M.,
Hasan H., and Tan A., Corporate Governance, International Journal of Corporate
Finance in Business Society, (2012) 12(5), 595-615.
2011
“Disproportional ownership structure and pay-performance relationship: evidence from
China’s listed firms”, with Jerry Cao and Xiaofei Pan, Journal of Corporate Finance,
(2011) 17 (3), 541–554. (ERA/ABDC rank A*)
“The Effect of Ownership Structure on Leverage Decision: New Evidence from Chinese
Listed Firms”, with Qigui Liu and Xiaoming Wang, Journal of the Asia Pacific Economy,
(2011) 16 (2), 254–276. (ERA rank A )
“Managerial ownership, capital structure and firm value: Evidence from China’s civilianrun firms”, with Ma, S., and Ruan, R., Australasian Accounting Business and Finance
journal, (2011), 5 (3), 73-92.
2010
“The Relationship between Stock Returns and the Foreign Exchange Rate: the ARDL
Approach”, with Ma, S., Journal of the Asia Pacific Economy, (2010) 15 (4), 490-508.
(ERA rank A)
“Ownership and Ownership Concentration: Which is Important in Determining the
Performance of China's Listed Firms?”, with Ma, S. and Naughton, T., Accounting and
Finance, (2010) 50 (4), 871-897. (ABDC Rank A)
“Multiple States of Financially Distressed Australian Companies: A Competing Risks
Model” with Chancharat, N., Pam, D., McGrae, M., and Lodh, S., Australasian Accounting
Business and Finance journal, (2010), 4 (4), 27-44.
“Predicting Future Earnings Growth: A Test of the Dividend Payout Ratio in the
Australian Market”, with Flint, A. and Tan, A., The International Journal of Business and
Finance Research. (2010) 4 (2), 43-58.
2009
“Board Composition, Board Activity and Ownership Concentration, the Impact on Firm
Performance”, with Ma, S. Problems and Perspectives in Management, (2009) 7 (3), 31-50.
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“Managerial Ownership, Capital Structure and Firm Value” with Ruan, and Ma, Corporate
Ownership and Control，(2009). 7 (2), 71-82.
2008
“Equity market price interactions between China and the other markets within the Chinese
states equity markets” Multinational Finance Journal, (2008) 12 (1-2), 105-126.
“The Determinants of Capital Structure: the case of long-term debt constraint for Jordanian
Firms”, with Zeitun, R., Corporate Ownership & Control, (2008) 6 (1), 22-37.
2007
“Interday and Intraday Volatility: additional evidence from the Shanghai Stock Exchange”,
with Guo, M. Y., Review of Quantitative Finance and Accounting, (2007) 28 (3), 287-306.
(ABDC Rank A)
“Capital Structure and Corporate Performance: Evidence from Jordan”, with Zeitun, R.,
Australasian Accounting Business & Finance Journal, (2007) 1 (4), 40-61.
“Are Chinese stock markets becoming increasingly integrated with other markets in the
greater China region and other major markets?” Australian Economics Papers, (2007) 46
(3), 240-53.
"The intraday patterns of bid-ask spreads and limit order: evidence from Chinese stocks",
with Guo, M. Y., China Journal of Finance (2007) No 12, 104-131.
“Does ownership affect a firm's performance and default risk in Jordan?”, with Zeitun, R.,
Corporate Governance, International Journal of Corporate Finance in Business Society,
(2007). 7 (1), 66-82.
“Macroeconomic Determinants of corporate performance and failure: evidence from
emerging market a case of Jordan”, with Zeitun, R, and Keen, S., Corporate Ownership &
Control, (2007) 5 (1), 179-194.
"Default probability for the Jordanian companies: a test of cash flow theory," with Rami,
Z., & Keen, S. (2007). International Research Journal of Finance and Economics, 8: 147162.
2005
Tian, G. G. & Guo, M. (2005). "Intraday data and volatility models: evidence from
Chinese stocks," China Journal of Finance, 3 (2): 32-65.
2004
“Interactions among China-Related Stocks: Evidence from a Causality Test with a New
Procedure”, with Wan, G. H., Applied Financial Economics, (2004) 14 (1), 67-72.
Tian, G. G. (2004). "China's Transition to a Global Economy," Journal of Asian Business,
20 (1): 84-85.
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2002
“Market Efficiency and Returns to Simple Technical Trading Rules: New Evidence from
U.S. Equity Market and Chinese Equity Markets”, with Wan, G. H. and Guo, M. Y., AsiaPacific Financial Markets, (2002) 9 (3-4), 241-258.
1999
“Do Migrants Rob Jobs? New Evidence from Australia”, with Shan, J., Australian
Economic History Review, (1999) 39 (2), 133-142. (ERA/ABDC rank A)
1998
“Causality between Exports and Economic Growth: the Empirical Evidence from
Shanghai”, with Shan, J., Australian Economic Papers, (1998) 37 (2), 195-202.
1997
“China’s Post-1979 Uneven Regional Policy: Shanghai and Guangdong”, The Journal of
Contemporary China, (1997), 6 (14), 61-78.
1994
“The Emergence of Shanghai's Role as Entrepôt Centre since the Mid-1980s”, The Journal
of Contemporary China, (1994), 3 (7), 3-27.
1988
“The non-discriminative principle of the GATT and world trade environment”
International Trade Journal, (1988), No.12, pp.44-46, Beijing.
“The Flexible Exchange Rate - A Debate over How to Formulate China’s Foreign
Exchange Rate”, with Xiang Li, International Trade, (1988), No 2 pp.20-22, Beijing.
“Manufactured Export Markets: A Comparative Study on Asia and South America”, World
Economy Forum, (1988), No.1, Shanghai.
“International Trade Theories in China during the 1980s”, International Trade Tribune,
(1988), No.1.
1987
“The Overseas Marketing Research by Japanese Trade Promotion Society”, International
Economy, Trade and Law, (1987), No.11, pp.19-20, Shanghai.
“East Asia’s Manufactured Export Expansion: Mechanism and Implication”, World
Economy Study, (1987), No.4, Shanghai.
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1986
“China’s Foreign Trade Law: Establishment and Implication”, Politics and Law (bimonthly), (1986), No.4, Shanghai, pp.10-12.
“China’s export expansion and import protection in other countries during 1980s”
International Trade, (1986), No.3, 1986, pp.20-23, Beijing.
“China’s Industry-trade Integrated FTCs: An International Marketing Perspective”, The
Study of Finance and Economics, (1986), No.9, Shanghai.
“Trade protectionism in developed countries and our measures”, The Study of Finance and
Economics, (1986), No.2, Shanghai.
(iii)
Authored Books
Shanghai's Role in the Economic Development of China: Reform of Foreign Trade and
Investment, London: Praeger, (1996), (248 pages).
(vi)
Book Chapters
“Corporate finance practice in Kuwait: a survey to confront theory with practice” (with Al
Mutairi, M., Tan, A. T H.), in J. Graham, S. B. Smart & W. L. Megginson (Eds.),
Corporate Finance: Linking Theory to What Companies Do (with Thomson ONE Business School Edition 6) (p. TBA). Mason, OH: Cengage Learning (2010).
“Market Efficiency and the Returns to Simple Technical Trading Rules: A New Evidence”,
(with M. Guo), Money and Finance in Transition – Research in Contemporary and
Historical Finance, Swedish publisher.
“Causality between FDI and Economic Growth”, (Jointly: J. Shan, G. Tian and F. Sun), in
Y. Wu (ed.) Foreign Direct Investment and Economic Development in China, Cheltenham,
UK: Edward Elgar, pp. 140-156. (1999)
“Foreign Direct Investment Patterns in China, a Case Study of Shanghai”, in Y. Wu (ed.)
Foreign Direct Investment and Economic Development in China, Cheltenham, UK:
Edward Elgar, pp. 157-193. (1999)
“China’s Post 1979 Uneven Regional Policy: Shanghai and Guangdong”, in C. A. Tisdell
and J. C. Chai (eds.) China’s Economic Growth and Transition: Macroeconoimc,
Regional, Environmental and Other Dimensions, The University of Queensland, pp. 273294. (1997)
“The implication of Economic Reform on Shanghai’s Export: 1979-89”, China: Trade and
Reform, Chinese Students’ Society for Economic Studies and National Centre for
Development Studies, Australian National University, pp. 207-222. (1991)
“International Market Price”, in Xiang Li (ed.), International Trade Principles and
Practice, Shanghai ShanLian Publisher. (1990)
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“China’s Export Industrial Policy: An Assessment” (Jointly: Zi-shuang Sai, Gang Tian,
Hong-sheng Tian, Jun Cheng and Tian-Shang Peng), monograph published by China
Foreign Trade Association, Beijing, (202 pages). (1988)
(v)
Papers published in Access China, Macquarie University:
1992, “China Foreign Trade Incentives”, No. 6, pp. 16-18, June.
1992, “China Foreign Trade Reform”, No. 5, pp. 16-18, March.
1991, “China Foreign Trade Structure”, No. 3, pp. 15-17, September.
(vi)
Papers under revision and resubmission
“Political Promotion, CEO Incentives, and the Relationship between Pay and Performance,
(with Jerry Cao, Michael Lemmon, Xiaofei Pan, Meijun Qian), Review of Financial
Studies
“The value of political connections when accessing the IPO market” (with Qigiu Liu and
Vincent Tang), Journal of Corporate Finance
Fang Hu, Xiaofei Pan and Gary Tian, Does CEO pay dispersion matter in an emerging
market?, Pacific Basin Finance Journal (conditional acceptance)
Liangbo Ma, Shiguang Ma and Gary Tian, Political connections, founder-managers, and
their impacts on tunneling in China’s listed firms, Pacific Basin Finance Journal
Xiaojun Chu, Qigui Liu and Gary Tian, Disproportional ownership structure and stock
market liquidity in China, Accounting and Finance
(vii)
Conference Plenary Presentations at Meetings and Conferences
Presentation, “Political Promotion, CEO Incentives, and the Relationship between Pay and
Performance” (with Jerry Cao, Mike Lemmon, Xiaofei Pan and Qian Meijun) at
Workshop “CEO compensation, firm governance and firm performance: evidence from
China”, organised by National Institute of Economic and Social Research, NSFC and
Economic & Social Research Council, on 21st April 2012 in Hangzhou.
Presentation, “Do private equity investors conspire ultimate owners? (with Qigui Liu and
Vincent Tang) at CAFR International Symposium 8-9 December 2012.
(viii)
Paper Presentations at Meetings and Conferences (including
presentations by co-authors)
“Bank connection, corruption and collateral in China ”with Xiaofei Pan
 2013 China Finance Review International Conference (CFRIC) on July 9th, in
Antai College of Economics & Management, Shanghai Jiao Tong University.
 World Finance & Banking Symposium – Beijing, 16-17, 2013.
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“The impact of information opacity on the relation between founding-family control and
cost of debt”, with Liangbo Ma, and Shiguang Ma
 European Financial Management Association 2013 Annual Meetings
June 26-29, 2013 Reading, UK (presented by co-author)
“Ownership concentration and Entrenchment: evidence from IPOs of Entrepreneurial firms
in China”, with Jerry Cao, Jeremy Goh
 Financial Globalization and Sustainable Finance: Implications for policy and
Practice, Conference & Special Edition of the Journal of Banking and
Finance, Cape Town, South Africa, May 29-31, 2013. (presented by coauthor).
"Do Private Equity Investors Conspire with Ultimate Owners in the IPO Process?", with
Qigui Liu and Vincent Tang,
 World Finance & Banking Symposium – Beijing, 16-17, 2013.
 2013 Asian Finance Association (AsianFA) Annual Conference to be held in
Nanchang, China, July 15 – 17, 2013.
 Third online workshop, Venture Capital and Private Equity in the Asia Pacific
Region, Asian Finance Association and University of New South Wales,
December 2012
 CAFR International Symposium 8-9 December 2012.
“Mutual Fund Ownership, Firm Specific Information, and Firm Performance: Evidence
from China”, with Zhang, Hong Feng; Sharpe, Wenhuan (presented by co-author).
 China International Conference in Finance, Shanghai (July 2013)
 2013 Asian Finance Association (AsianFA) Annual Conference to be held in
Nanchang, China, July 15 – 17, 2013.
“Ultimate Ownership, Bank Connections and Collateral in China", with Xiaofei Pan
 China International Conference in Finance, Shanghai (July 2013)
 2013 Asian Finance Association (AsianFA) Annual Conference to be held in
Nanchang, China, July 15 – 17, 2013.
"The value of political connections in Chinese IPO market", with Qigui Liu and Vincent
Tang
 China International Conference in Finance, Shanghai (July 2013)
Technical Efficiency of Thai SMEs: The Application of Data Envelopment Analysis,
With Nongnit Chancharat and Surachai Chancharat,
 International Symposium on Business and Social Sciences, Tokyo, Japan,
March 2013.
“Controlling shareholders expropriation and firms’ leverage decision evidence from
Chinese non-tradable share reform”, with Qigui Liu,
 World Finance & Banking Symposium, Cheung Kong Graduate School of
Business, Shanghai, December 2012
“Impact of Anonymity on Liquidity in Limit Order Books: Evidence from Cross-Listed
Stocks” (Jane Chau, Alex Frin, Gary Tian and Shiguang Ma)
 25th Australasian Finance and Banking Conference, December 2012
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
Auckland Finance Meeting, December 2012
“Founding-family control, information opacity, and the cost of debt: evidence from China”
(Ma, Liangbo, Ma, Shiguang, Tian, Gary)
 25th Australasian Finance and Banking Conference, December 2012
“Political Connection, Founder-Managers, and Their Impacts on Tunneling in China's
Listed Firms” (Ma, Liangbo, Ma, Shiguang, Tian, Gary)
 Asian Finance Association International Conference, Taipei (June 2012)
 China International Conference in Finance, Chongqing (July 2012)
“Political Promotion, CEO Incentives, and the Relationship between Pay and Performance,
(with Jerry Cao, Michael Lemmon, Xiaofei Pan, Meijun Qian),
 FMA Asian Conference, Phuket, July 2012 (presented by co-author)
 Institutions and Organizations (CGIO) Academic Conference, National University
of Singapore, August 2011.(presented by co-author)
 NUS Junior Faculty Workshop, Centre for Asset Management Research &
Investments (CAMRI) and NUS Business School, July 2011 (presented by coauthor)
“Political Promotion, CEO Compensation, and Their Effect on Firm Performance” (with
Mike Lemmon, Jerry Cao, Xiaofei Pan)
 Winner of Best Paper Award in Corporate Finance at the 2010 FMA Asian
 American Finance Association annual meeting (AFA) Devour USA, January
2011.
 FMA Asian Conference, Singapore, July 2010.

China International Finance Conference, Beijing, July 2010.
“Political capital or constraints: evidence from CEO entrenchment in China”, with Jerry
Cao, Xiaofei Pan, and Meijun Qian
 Previously as “Political connection and managerial entrenchment: evidence from
CEO turnovers in China” (with Jerry Cao, Xiafei Pan, Meijun Qian)
 Asian Finance Association conference, Taipei, July 2012.
 China International Finance Conference, Chongqing, July 2012 (presented by coauthor).
 Asian Finance Association (AsianFA) Annual Conference in Macao, July 2011.
“The Stock Market Implication of Political Connections: Evidence from Firms’ Dividend
Policy” (with Jerry Cao, Sheng Huang and Qigui Liu)
 FMA Asian Conference, Phuket, July 2012
“The value of political connections when accessing the IPO market” (with Qigiu Liu and
Vincent Tang)
 Asian Finance Association conference, Taipei, July 2012.
“Disproportional Ownership Structure and Stock Market Liquidity in China” (Xiaojun
Chu, Liu Qigui)
 Conference on Financial Markets and Corporate Governance, Melbourne,
April 2012
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"Disproportional Ownership and IPO Long-Run performance in China" (with Jerry Cao
and Vincent Tang)
 24th Australasian Finance and Banking conference, Sydney, December 2011
(presented by co-author).
“Venture Capital and Executive Incentives in China” (with Jerry Cao and Qigui Liu)
 Durham-EJF Special Issue Conference on the Chinese Capital Market,
Durham University, UK, September 2011.
 China International Finance Conference, Wuhan, July 2011
 Asian Finance Association (AsianFA) Annual Conference in Macao, July
2011.
 First online workshop, Venture Capital and Private Equity in the Asia Pacific
Region, Asian Finance Association and University of New South Wales,
December 2010
“Disproportional Ownership Structure and Pay-Performance Relationship: Evidence from
China's Listed Firms” (with Jerry Cao and Xiaofei Pan)
 Chulalongkorn Accounting and Finance Symposium, Chulalongkorn
University,
 Bangkok, Thailand November 2010.
 Australasian Finance and Banking Conference, Sydney December 2010
“How Does the Separation of Ownership and Control Affect Corporate Performance: The
Impact of Earnings Management in China”, (with Shan Zhao and Yuqing Zhu),
 Australasian Finance and Banking Conference, December 2010
“Political Connections, “Founding Family Ownership and Leverage
Decision
Privately Owned Firms”, (with Qigui Liu),
 Australasian Banking and Finance Conference, December 2010
of
“Executive Compensation, Board Characteristics and Firm Performance in China: The
Impact of Compensation Committee”, (Louis Zhu, and Ma, S),
 EFMA-RUC 2010 Symposium, Asian Finance, Beijing, April 2010.
 Australasian Finance and Banking Conference, December 2009
“Pay dispersion, ownership structure and firm performance in China’s listed firms”, (with
Xiaofei Pan and Aelee Jun),
 Finance and Corporate Governance Conference Melbourne April 2010,
“CEO pay- performance and board independence: the impact of earnings management in
China”, (with Zhu, Y.)
 International Conference on Asia-Pacific Financial Markets (CAFM), Seoul,
Korea on December 2009
 International Conference on Asian Financial Markets Nagasaki, Japan,
December 2009.
“CEO pay- performance and board independence: the impact of earnings management in
China”, (with Louis Zhu)
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 International Conference on Asia-Pacific Financial Markets (CAFM) in Seoul,
Korea December 2009
 International Conference on Asian Financial Markets Nagasaki, Japan, December
2009.
“Managerial Ownership and Firm Value: Evidence from China’s Civilian-Run Firms”,
(with Ruan, W., and Ma, G.),
 International Conference on Asia-Pacific Financial Markets (CAFM) Seoul,
Korea on December 2009
 SFM Conference in 2009, Kaohsiung, December 2009.
“Managerial ownership, Capital Structure and Firm Value: Evidence from China’s
Civilian-Run Firms”, (with Ruan, and Ma)
 Australian Chinese Economics Association (ACESA) Annual Conference,
Melbourne, July 2009.
“State Owned Vs. Privately Owned Firms: Whose CEOs are Better Compensated?” (with
Pan, X., and Cao, J.),
 5th International Conference on Asian Financial Markets, Nagasaki, Japan,
December 2009.
 Australasian Finance and Banking Conference, December 2009
“Leverage Ratio and Determinants of Capital Structure in SMEs: Evidence from China”,
(with Liu, Q.)

Australasian Finance and Banking Conference, December 2009
“Corporate finance practice in Kuwait: a survey to confront theory with practice.” (with
Al Mutairi M., and Tan A.).
 Australasian Finance and Banking Conference Sydney, Australia.
“The impact of loan characteristics on the credit risk of Chinese listed companies under
the new banking regulatory”, (with Miao and Bhati)
 China National Conference for Doctor Candidate (Major in Finance),
Shanghai,
September 2009.
“Call auction transparency and market liquidity: The Shanghai experience”, (with Zheng,
and Gerace)
 Financial Management Association (FMA), in Reno, October 2009
 China International Finance Conference, Guangzhou, July 2009
 Asian Finance Association Conference, Brisbane, June 2009.
“The Ownership and Ownership Concentration?
The Impact on the Performance of
China’s Listed Firms”, (with Ma, S. and Naught, T.,)
 Australian Chinese Economics Association (ACESA) Annual Conference,
Melbourne, July 2009.
11
“Managerial compensation, ownership structure and firm performance in China's listed
firms”, (with Pan, Ma and Jun)
 Asian Finance Association Conference, Brisbane, June 2009.
.
“Board Composition, Board Activity and Ownership Concentration, the Impact on Firm
Performance”, (with Ma, S.)
 Asian Finance Association Conference, Brisbane, June 2009.
“The effects of currency appreciation on share market return: ARDL approach”, (with Ma
S.,)
 Asian Finance Association Conference, Brisbane, June 2009.
“Audit Quality, Investor Protection and Litigation Risk around the World”, (with Tang, Q,
Chen, A.)
 Annual Congress of the European Accounting Association May 2009 in
Tampere, Finland. (presented by author)
“When the Going Gets Tough: Board Capital and Survival of New Economy IPO Firms”,
(with Chancharat, N., Krishnamurti C.)
 New Zealand Finance Colloquium, Wellington February 2009. (presented by
co- author)
 Australasian Finance and Banking Conference, December 2008
“Non-Tradable Share Reform and Convergence between Chinese Cross-Listed A and H
Shares”, (with Zhao, Y,, and Tan, A.,)
 Australasian Finance and Banking Conference”, December 2008.
“Financial Integration of Chinese markets after WTO accession and financial
liberalization”
 Annual PBFEAM conference, July 2008, Brisbane.
“Firms in Financial Distress, a Survival Model Analysis” (with Chancharat, N., Davy, P.,
McCrae, M.,)
 Australasian Finance and Banking Conference”, December 2007.
“How do Australian Financially Distressed Firms Survive? (with Chancharat, N., Davy,
P., McCrae, M.,),
 The Finsia-Melbourne Centre for Financial Studies Banking and Finance
Conference, Melbourne, 2007.
“Limit Order And Liquidity Patterns: Alternative Evidence”,
 The Finsia-Melbourne Centre for Financial Studies Banking and Finance
Conference, Melbourne, 2007.
“Macroeconomic determinants of corporate performance and failure: evidence from
emerging market a case of Jordan”, (with Zeitun, R, and S. Keen),
 College of Business Research Symposium, University of Western Sydney,
2006.
12
“Capital Structure, Corporate Performance and Default Risk: Evidence from Emerging
Market A case Study of Jordan”, (with Zeitun, R.)
 International Business Research Conference, Melbourne, November 2006.
“Interday and intraday volatility in a continuous order-driven market with a separate
auction opening procedure”, (with Guo, M. Y.)
 PBFEA 2006 Conference in Taipei, July 2006.
“An analysis of interday and intraday volatility: evidence from an order-driven market
with morning call auction” (with Tian, G. and Guo, M. Y.)
 China International Conference in Finance, Xi’an July, 2006.
“The impact of ownership on a firm's performance and default risk in Jordan” (with
Zeitun, R.).
 One-Day Symposium on Accountability, Governance and Performance:
Achieving Excellence, Griffith 2006.
“Intraday Data and Volatility Models: Evidence from Chinese Stocks”, (with Guo, M.
Y.),
 Australian Conference of Economists, Melbourne, Australia, September 2005.
 Workshop in Mathematics in Finance, University of Wollongong, November
2005
“Behaviors of Liquidity Patterns in a Limit Order-Driven Market, an evidence from
Chinese stock markets”, (with Guo, M. Y.),
 Australian Conference of Economists, Melbourne, 2005.
“The Empirical Relationship between Intraday Volatility and Trading volume: Evidence
from Chinese Stocks”,
 Financial Markets Asia-Pacific Conference Sydney, May 2005.
“Intraday patterns of the spread and depth in a limit order-driven market: the Shanghai
stock exchange”, (with M. Guo),
 Australasian Finance and Banking Conference”, December 2005.
“Are stock markets in the greater China region increasing integration within the region or
with the US and Japan?”
 Australian Conference of Economists, 2004.
 Australasian Finance and Banking Conference, December 2004.
“Causal and cointegrating relationships among stock markets in the greater China
region”,
 Emerging Financial Markets & Services in Asia-Pacific Conference
Sydney 2004.
“Intraday return pattern and volatility process in a two-session order-driven market:
evidence from the Shanghai Stock Market”, (with M. Guo),
 Australasian Finance and Banking Conference, December 2004.
“Equity market integration: the case of the Greater China Bloc”,
13

Emerging Financial Services in Asia-Pacific Conference, Sydney 2004.
“Chinese equity market microstructure”,
Workshop “Finance in Transition II” organized by University of Western Sydney,
Sydney, December 2003.
“Market Efficiency and the returns to simple technical trading rules: new evidence from
US equity market and Chinese equity markets” (with M. Guo)
 Asia-Pacific Journal of Accounting and Economics Symposium, Shanghai
January 2003.
“Interactions Among China-Related Stocks: Evidence from A Causality test with a new
procedure”
 “Marketisation and Accounting, Finance and Business in China”, Cardiff
Business School, UK, July 2002.
"Financial market Integration in China Stocks: Causality investigation of stock returns"

International Conference China Economy: Social, Economic, Institutional
and International Dimensions July 2002 at the University of Sydney.
"Market Efficiency and the returns to simple technical trading rules: new evidence from us
equity index", (with M. Guo),
 Annual conference multinational finance society”, June 2001, Lake Garda
Italy,
"Market Segmentation and information diffusion in China's stock markets: evidence from a
causality test with a new procedure”, (with M. Guo),
 Taipei International Quantitative Finance Conference”, July, Taipei.2001.
“Pattern of foreign direct investment in China in 1990s: the case study of Shanghai”,
 Conference of Economists, Economic Society of Australia Annual
Conference, September 1995.
“Foreign direct investment in China in the 1990s”,
 Chinese Studies Association of Australia, the Fourth Biennial Conference,
Macquarie University 1995.
“Shanghai’s role in China’s export-oriented economy in the 1980s”,
 The PhD Conference in Economics and Business, Australia National
University, Canberra, November 1992.
“Export and economic growth, a case of Shanghai”,
 Annual Conference of Chinese Economic Association (Australia),
University of Adelaide, November 1992
“The implication of economic reform on Shanghai’s exports: 1979 – 1989”,
 Annual Conference of the Chinese Economic Association (Australia),
Macquarie University, November 1990.
14
“China’s economic strategy and industrial policy”,
 Annual Conference of China Association of International Trade, Fuzhou,
China, December 1987.
(viiii) Invited Academic Paper Presentations
2013

Department of Finance and Banking, School of Economics & Finance, Curtin Business
School, Curtin University, 14 March 2013.
2012
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
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





Business School, University of International Business and Economics, 13 December
2012.
School of Accountancy, Central University of Finance and Economics, 12 December
2012
Shanghai National Accounting Institution, 10 December 2012
Department of Accounting, Finance and Economics, Griffith University, 12 October
2012.
School of Finance, Shanghai Lixin University of Commerce, 28 September 2012.
Hanqing Advanced Institute of Economics and Finance at Renmin University of China,
26 September 2012.
Deliotte-Fudan Accounting Forum, School of Accounting, Fudan University, 25
September 2012.
School of Accounting Economics and Finance Faculty of Business and Law, Deakin
University, 6 September 2012.
School of Business, La Trobe University, 2 March 2012.
Department of Finance, Shanghai university of Finance and Economics, 10 April, 2012.
School of Management & Engineering, Nanjing University, 12 April, 2012.
School of Commerce, University of South Adelaide, 22 February 2012.
School of Accounting Economics and Finance Faculty of Business and Law, Deakin
University, 10 May 2012.
2011






School of Finance and Economics, UTS, November 2011.
INSEAD, 25 February, 2011.
Business School, University of Technology Sydney, 2 November 2011.
University of Southern California, 2011. (by co-author)
SICF 2011 (by co-author)
Loyola Marymount University (LMU), 2011 (by co-author)
2010
 School of Economics, Fudan University, Shanghai, 21 April, 2010.
 Cheung Kong Graduate School of Business, 22 April, 2010. (presented by co-author)
 Lee Kong Chian School of Business at Singapore Management University, 26 March
2010.
 School of. Accounting, Economics, and Finance at University of Southern Queensland,
24 February 2010.
15
 School of Management and Economics at the University of Electronic Science and
Technology of China, Chengdu, in 26 April 2010.
2009
 South China University of Technology in 4 January 2009.
 School of Finance, Shanghai University of Finance and Economics, 16 October 2009,
 Korean University Business School on 7th December 2009.
2008
 School of Investment and Finance, Sun Yat-Set University in 29 December 2008.
4.3
(i)
Recent Research Supervision
PhD students supervised as principal supervisor
8.
Qigui LIU (accepted in March 2013 as principal supervisor), “The implication of
Disproportional Ownership in emerging market: evidence from Chinese listed
firms”, presently Lecturer, School of Accounting and Finance, University of
Wollongong.
[Recipient:
University Postgraduate Award scholarship, started from March 2011;
2011 HDR Student Excellence Award of Faculty of Commerce, UOW
2012 HDR Student Excellence Prize of Faculty of Commerce, UOW
Examiners' Commendation for Outstanding Thesis, 2013].
7.
Steve TULIG (awarded at UOW in 2011 as principal supervisor), “A comparative
assessment of quantitative stock selection methodologies”, presently Lecturer,
School of Accounting and Finance, University of Wollongong.
6. Wenjuan RUAN (awarded at UOW in 2011 as principal supervisor), “Managerial
Ownership and Financing Policy”, presently Lecturer, Murdock Business School,
Murdock University.
[Recipient, China Scholarship Council, UOW waived tuition fee, 2008-2011].
[Prize Winner, HDR Student Excellence Awards, Commerce Staff Awards 2009,
Faculty of Commerce, UOW].
5.
Xiaofei Pan (awarded at UOW in 2011 as principal supervisor), “Corporate CEO
pay and firm performance and corporate governance in China”, presently Lecturer,
School of Accounting and Finance, University of Wollongong.
[Recipient, Faculty of Commerce Scholarship and UOW matching-up scholarship
2008-2011]
[Prize Winner, Best Paper Award in Corporate Finance at the 2010 FMA Asian
Conference in Singapore, for a joint paper with Mike Lemmon, Jerry Cao, Xiaofei
Pan and Gary Tian, “Political Promotion, CEO Compensation, and Their Effect on
Firm Performance”].
4.
Yuqing Zhu (awarded at UOW in 2010 as principal supervisor), “Ownership
Structure, Board Composition, and CEO Pay-performance relationship: evidence
from China”, presently Lecturer, School of Accounting and Finance, University of
Wollongong.
[Recipient, UOW waived tuition fee in 2009].
16
3. Nongnit CHANCHARAT (awarded at UOW in 2009 as principal supervisor),
“Examination Financial distressed company in Australia: the application of survival
analysis”, presently Assistant Professor, Faculty of Management Sciences, Khon
Kaen University. She is currently the Head of Finance Discipline, Faculty of
Management Science, Khon Kaen University.
[Recipient, Royal Thai Government Scholarship for Higher Degree Study, 20052009],
[Prize Winner, Best Paper Award, the 2007 European Applied Business Research
Conference, Clute Institute for Academic Research, Padova, Italy, 2007].
2.
Rami Zeitun (awarded at UWS in 2007 as principal supervisor): “Ownerships
structure, capital structure, firm performance and default risk in Emerging market. A
case study of Jordan”, presently Assistant Professor, Department of Finance and
Economics, College of Business and Economics, Qatar University.
1. Mingyuan Guo (awarded at UWS in 2006 as principal supervisor): “Chinese Stock
Market Intraday Return and Volatility: Microstructure Approach”.
As co-supervisor
Abu-Sharia: “The Theory and Empirical Study of Stock Market Development, Economic
Reform and Economic Growth In The Case of Arab Stock Markets” presently CFO, Al
Hokair Group/Manar Financial Investment.
(ii)
Recent completed undergraduate Honours theses
4.
3.
2.
1.
(iii)
Erin Beecroft The relationship between CEO payment, firm performance and
corporate governance. (first class Honours, H1), graduated in 2010.
Anthony Flint “PE Ratios and Earning Growth, Australian Cases” (first class
Honours, H1), graduated in 2009
Yuanfang Zhao: “Market Linkages of China’s Dual-Listed A- and H- Shares” (first
class Honours, H1), graduated in 2009
Anthony West: “the impact of imputation on dividend policy, new evidence from
Australian listed companies using Lindt model” (first class Honours, H1), graduated
in 2008.
Theses In Progress
PhD thesis as principal supervisor
Jinghua TANG, “Political Connection and CEO Risk-Taking Incentives” [recipient,
Australian Postgraduate Award Scholarship, started from January 2012]
Can AN, “Credit risk management in China”
Ching (Jane) Chou, “Examination on Market Integrity”
[Recipient, Capital Market CRC scholarship started from December 2008].
17
Liangbo MA, “The Corporate Bond Underwriting Markets in China” [recipient,
Australian Postgraduate Award Scholarship, started from January 2013]
Tianpei Luo, “Shareholder Wealth and Director Resignation: Evidence from Chinese
Listed Companies”
5
GRANTS as a first named Chief Investigator
24.
Tian, G 2012, Faculty of Commerce, UOW Strategic Research Directions Grant,
“Chinese Commerce Research Centre”, $10,000.
23.
Tian, G 2011, Faculty of Commerce, UOW Strategic Research Directions Grant,
“Chinese Commerce Research Centre”, $9,900.
22.
Tian, G 2011, Faculty of Commerce, Conference Convention and visitor Grant, $5,000.
21.
Tian, G 2010, Chunhui Research Funding from the Ministry of Education of the People’s
Republic of China for travel and accommodation for research collaboration with Chinese
colleagues in University of Electronic Technology and Science in Chengdu, $5,600.
20.
Tian, G 2010, Faculty of Commerce, UOW Strategic Research Directions Grant,
“Chinese Commerce Research Centre”, $7,900.
19.
Tian, G 2010, ARC Pilot Project Support funding for ARC Discover 2010, Faculty of
Commerce, $5000.
18.
Tian, G 2009, Research funding from School of Finance in Shanghai University of
Finance and Economics for travel and accommodation for research collaboration, $4,500.
17.
Tian, G 2009, Research grant from Lee Kong Chian School of Business, Singapore
Management University for travel and accommodation to visit there in 2010, $5,000.
16.
Tian, G 2008, Faculty of Commerce, UOW Strategic Research Directions Seek Grant,
“Chinese Commerce Research Centre”, $10,000.
15.
Tian, G. 2006, UWS Research Grant Scheme project titled "Limit order, liquidity
patterns and trading environments with manipulation, evidence from Chinese stocks",
$22,148. (Cost centre: 20531, Project Codes: 80576).
14.
Tian, G. 2006, COB Professional Development Program financial assistance on “Limit
order market, liquidity patterns and emerging markets”, College of Business, University
of Western Sydney, $5000.
13.
Tian. G. 2004, CLAB Research Activity Support Scheme on “International Financial
Market Integration: an examination over major Financial Crises”, College of Law and
Business, University of Western Sydney, $5000. (Cost centre: 20531, Project Codes:
01871)
18
12.
Tian, G. 2003, CLAB Research Activity Support Scheme on “Financial Market
Integration Among greater China region”, College of Law and Business, University of
Western Sydney, $3000.
11.
Tian, G. 2001, School Seed Grant on “Seasonality in returns on the Chinese stock
markets”, School of Economics and Finance, University of Western Sydney, $5000.
10.
Tian, G. 2000, University Seed Grant on “Economic factors and securities return:
econometric evidence from Stock Exchanges in China in 1990s”, University of Western
Sydney, $8000.
9.
Tian, G. 1999, Research Grant from Australian Research Council (ARC Small Grant) on
“Economic factors and securities return: econometric evidence from Asian emerging
markets”, Flinders University, $12,281;
8.
Tian, G. 1999, University Small Research Grants Scheme on “Investing in emerging
markets: the effectiveness of portfolio diversification with time-varying risk, a case study
of Shanghai Stock Exchange”, $4,349, Flinders University.
7.
Tian, G. 1998, Research Grant from Australian Research Council (ARC Small Grant) on
“Foreign Direct Investment-led Growth from econometric evidence”, $7,100;
6.
Tian, G. 1998, Flinders University’s URB Grant on “Immigration and unemployment:
Econometric evidence from an international comparison between Australia, Canada and
the USA”, $3800, Flinders University.
5.
Tian, G. 1997, Research Grant from Australian Research Council (ARC Small Grant) for
1997 on China’s Internal Trade: A Co-Integration Test. $5,500; Flinders University’s
URB Grant on FDI-led growth model, $5,500.
4.
Tian, G. 1996, La Trobe University’s Research Grant for research on “A Gravity Model
of China’s Internal Trade: A Case of Shanghai”, $2,500.
3.
Tian, G. 1995, School Research Grant, La Trobe University for research on joint ventures
in China, $3,000.
2.
Tian. G. 1994, School Research Grant, La Trobe University for the book “Shanghai's role
in China's economic development During the Reform Era”, $2,000
1.
Tian, G. 1994, International Seminar Support Scheme (ISSS) by Australia International
Development Assistance Bureau and Chinese Consulate in Melbourne for supporting the
international conference "China's Economy Towards 2000" which was held at La Trobe
University, $8,000.
Nongnit Chancharat and Surachai Chancharat, Gary Tian as Mentor, Contract Number
MRG5380144 funded by Thailand Research Fund (TRF)
Title: An Examination of Technical Efficiency of SMEs in Thailand: Data Envelopment
Analysis Approach (15 June 2010 to 31 December 2012)
6
TEACHING EXPERIENCE
19
Postgraduate courses (including MBA and Master of Applied Finance)
Advanced Finance Theories (PhD course);
Advanced Portfolio Management; Corporate Finance, Investment Management; Portfolio
Management; Advanced Financial Topics; Risk Management;
Undergraduate courses
Advanced Corporate Finance; International Financial Management and Portfolio
Analysis; Introductory Business Finance; Managerial Economics, International Finance
and Business Forecasting; Asian in the World Economy and Chinese Economy.
Executive Education
Expert Course Director, IBC Asia Ltd’s workshops, topics covers Derivatives trading,
risk management and corporate finance in China between 2002-2004;
Lecturer, Kingold Group executive workshops on capital raising and mergers and
acquisitions in China in 2002.
Guest lecturer, Law School at UOW on public finance and corruptions in China, 2012.
7.
OTHER PROFESSIONAL ACTIVITIES
7.1 Editorial Board
Editorial board, Journal of the Asia Pacific Economy (2009+)
Editorial advisory board, Corporate Governance, the International Journal of Business in Society
(2010)
7.2 Anonymous referee
Journals for which I have served as a referee since 2001 are:
Journal of Banking and Finance (2011)
Corporate Governance International Review (1in 2010, 2011 and 2 in 2013)
Australian Journal of Management (1 in 2011 and 2 in 2012)
Accounting and Finance (2010)
Pacific-Basin Journal of Finance (1in 2004 and 2009 each)
Journal of the Asia Pacific Economy (1 in 2002, 2003, 2005, 2006, 2010, 2011 each and 2 in 2008
and 2009)
Journal of Business and Finance (2012)
Journal of Business Research (2012)
Multinational Finance Journal (1 in 2004, 2010 and 2011)
Applied Economics. (1 in 2005)
and 2009);
The Review of Pacific Basin Financial Markets and Policies (2006);
Corporate Governance: The International Journal of Business in Society (1 in 2005, 2007 and 2009
each);
Journal of Population Economics (1 in 2005);
Australian Economic History Review (1 in 2002);
Australian Economic Papers (1 in 2003, 1 in 2006)
China Economic Quarterly (1 in 2001)
20
Review of European Journal of Finance (1 in 2007)
Physica A (2 in 2007)
Chinese Economic Review (1 in 2007)
Emerging Market Review (1 in 2007 and 2009 each)
Applied Financial Economics (1 in 2008)
AABFJ (1 in 2010 and 2011)
Review of European Journal of Finance (2007)
Quarterly Review of Economics and Finance (2008)
7.3
Chair and Memberships
Asian Finance Association Board Members (2012 - 2014)
Advisory board member, China and Emerging Markets Research Centre, Deakin University
(2012)
Scientific Advisory Board, International Conference on Innovation, Documentation and
Teaching Technologies: “New Changes in Technology and Innovation” Universitat Politecnica
De Valencia, Valencia, Spain, May 6-7 2013.
The American Financial Association (1999+);
Financial Management Association International (2002+);
The Economic Society of Australia, NSW branch (1992-2003)
Multinational Finance Society, US; (2002-2004)
European financial management Association; (2002-2004)
Program Committee member, Southern Finance Association (2006)
Academic committee member, Chinese Economic Association (Australia); (1990+)
Asian-Pacific Research Institute, Macquarie University (1997-2000)
President, 1995, the Association for Chinese Economic Studies (Australia)
Listing in Marquis Who's Who 2010
Fellow member, Finsia - Financial Services Institute of Australasia (2009 +)
Member of the Australian Universities China Research Committee (2011+)
7.4 Dissertation Examination
2013
2012
2011
2009
2008
2007
2006
2005
2003
2000
1998
PhD (Deakin Uni.); PhD (Latrobe Uni.); PhD (Macquarie Uni.); Master (UNSW)
PhD (UNSW); PhD (Griffith Uni.); PhD (Curtin Uni.); PhD (UWA)
PhD (UNSW)
Honours thesis (UOW); Master thesis (UOW)
PhD thesis (Curtin Uni.); Honours thesis (UWS)
3 Honours (UOW)
PhD thesis
Honours (UOW)
Honours (UOW)
Honours (UWS)
PhD (ANU)
8.
ADMINISTRATION (University Committee & Faculty Services):
8.1
Administration
Director, Chinese Commerce Research Centre (2008+)
PhD Adviser, School of Accounting and Finance (2007+)
21
Head of Postgraduate Studies, School of Accounting and Finance (April 2007 – July 2012)
Acting Head of School of Accounting and Finance (July 2012)
8.2
Academic Committees
University of Wollongong
Faculty
Chair, Subcommittee for introducing two HDR training subjects (2012)
Faculty Probation Committee, Faculty of Commerce (2012)
Faculty Research Committee (2007-2012)
School
School Executive Committee (2007+)
Selection Committee (2007+)
University of Western Sydney
Faculty
CLAB Research Committee (2000-06)
PG Review Committee (2002-04)
offshore Review Committee (2002 – 04),
UMI Int’l Working Committee (2002-04)
School
Course Adviser, Master of Applied Finance (MAF), Master of Finance (MOF), Master of
International Trade and Finance (MITF) (2007)
Academic Adviser, Master of Applied Finance program, (1999-2003)
UWS AUQA audit process Committee, (2006)
Australasian Finance Research Group (2000-06)
Acting Coordinator, the Australasian Finance Research Group (2004)
Research Committee (2000-06);
Honours Program Committee (2000-2006);
Teaching Committee (2000-2006)
Coordinator, Off Shore program, (2000 – 2002)
Coordinator, China Link Program, (1999 – 2003)
Flinders University
Coordinator, Promoting education in China, (1997-98),
Faculty Research Committee (1997-98)
La Trobe University
Conference Convenor, "China's Economy Towards 2000", which was held in February 1995.
9
EDUCATION AND QUALIFICATIONS
Master of Applied Finance, Macquarie University, 1999
PhD in Economics, Macquarie University, 1994
Master in Economics, Shanghai University of Finance and Economics, China, 1987
Bachelor of Science, Shanghai University of Science and Technology, China, 1982
22