Dr. Shu is currently an associate professor in finance at Antai College of Economics and Management. He received his Ph.D in finance from University of Science and Technology of China. Prior to joining Cheung Kong Graudate School of Business (CKGSB) as a research fellow, he studied at University of Virgina as a joint-training Ph.D candidate and a Post-doctoral fellow. He previously served as a Visiting Scholar at The Hong Kong University of Science and Technology after his service at CKGSB. Dr. Shu also has rich industrial experiences. 

Dr. Shu's research interests are mainly in the areas of empirical corporate finance and corporate governance. He has published several articles in leading finance and strategy journals such as Review of Financial Studies, Journal of Financial Economics and Journal of Management Studies.   

Research Interest

Corporate Finance, Corporate Governance, Financial Market, Political Economy, Fintech

Selected Publications

1. Haibing Shu and V. Brian Viard, The Dynamic Role of Subnational Regions in Firm Performance, Journal of Management Studies, 2025, 62(2), 632-665.

2. Ran Duchin, Zhenyu Gao, and Haibing Shu, The Role of Government in Firm Outcomes, Review of Financial Studies, 2020, 33(12), 5555-5593.

3. Haibing Shu and Sonia M.L. Wong, When a Sinner Does a Good Deed: The Path Dependence of Reputation Repair, Journal of Management Studies, 2018, 55(5), 770-808.

4. Laura Xiaolei Liu, Haibing Shu, and KC John Wei, The Impacts of Political Uncertainty on Asset Prices: Evidence from the Bo Scandal in China, Journal of Financial Economics, 2017, 125(2), 286-310.

Research Grants

1. The Impact of Passive Political Label on Firm Outcomes，NSFC Grant #72272098, PI, 2023 - 2026

2. The Determinants, Consequences, and Externalities of Chinese Sell-side Analysts' Activities on Social Media Platforms，NSFC Grant #71972131, PI, 2020 - 2023

3. Theories for Financial Products/Service Innovation, Risk and Pricing in the Internet Environment, NSFC Grant #71790592, CI, 2018 - 2022

4. The Corporate Governance Reform, Performance and Investment Behavior of China Mutual Fund Companies, NSFC Grant #71772121, CI, 2018 - 2021

5. The Impact of Capital Market Opening on Firm Value and Its Mechanisms: Evidence from Shanghai-Hong Kong Stock Connect Program, NSFC Grant #71772119, CI, 2018 - 2021

6. Theoretical and Empirical Research on Product and Process Innovation of Firms in Industries with Network Externalities, SSFC Grant #20BJY109, CI, 2020 - 2023

Corporate Governance

Entrepreneurial Financing and Ownership Structure Design