SEM Brochure

School of Economics and Management 

Tsinghua University 

2011-2012

To Advance Knowledge and Cultivate Leaders for China and the World.

03 Deans’ Messages 

04 Tsinghua Overview 

06 About Tsinghua SEM 

Milestones of Tsinghua SEM 06 

Organizational Structure 09 

The Advisory Board 10 

12 Faculty 

32 Programs 

Undergraduate Programs 34 

Master’s Programs 36 

Doctoral Programs 38 

MBA Programs 40 

EMBA Programs 42 

Executive Education 44 

46 Research 

Research Overview 46 

Major Research Projects 47 

Selected Papers Published in International Journals in 2010 48 

Tsinghua Business Review 50 

China Business Case Center 50 

Research Support 51 

52 International Collaborations 

54 Alumni 

56 Tsinghua University Centennial Celebration

Deans’ Messages 

Building socialism with Chinese characteristics requires 

many talented people in economics and management who 

understand both the general rules of the market economy and 

the particular circumstances of Chinese enterprises. 

Tsinghua University School of Economics and Management 

should learn from all the great schools of economics and 

management around the world and adopt their teaching 

contents, methods and tools and apply them to the Chinese 

situation. Let us work together toward the goal of building a 

world-class school of economics and management. 

Professor ZHU Rongji 

Founding Dean (1984-2001) 

For over twenty years Tsinghua University School of Economics 

and Management has been growing fast along with the 

reform, opening-up and development of the Chinese economy. 

Today we continue to strive for building a world-class school 

of economics and management. The School benefits from the 

synergy of bringing two academic disciplines of economics and 

management into one institution. The School is committed 

to the excellence of both research and teaching for the 

purpose of advancing knowledge and cultivating leaders. The 

School cherishes ideas and theories, and at the same time 

values practical solutions and actions. The School combines 

China roots with global reach, and works to contribute to the 

development of China's economy and society as well as to 

make an impact in the world. 

Professor QIAN Yingyi 

Dean (2006-)

0 



▎Tsinghua Overview 

A premier higher-education institution in China, Tsinghua University is located 

in the northwestern part of Beijing. It was established in 1911. With the 

motto of “Self-Discipline and Social Commitment” and the spirit of “Patriotic 

Contribution, In Search of Excellence”, Tsinghua University has been dedicated 

to the well being of both China and the world over the past century. 

Till now, more than 180,000 students have graduated from Tsinghua, many of 

whom became academic masters, state leaders, outstanding business people and 

top talents in a variety of areas. The profound academic legacy and outstanding 

capabilities of the University have ensured significant achievements in theoretical 

and applied researches. 

Tsinghua University has established sound relations with a large number of worldfamous 

universities. More and more overseas scholars and students come to 

work and study at Tsinghua. Many important international conventions are held 

here. The University also welcomes a number of renowned figures from various 

countries as visitors and speakers, including state and international organization 

heads, university presidents, Nobel Prize winners, prominent scholars, and CEOs 

of multinational corporations.

Establishing Year: 1911 

Schools: 16 

Departments: 56 

Undergraduate Programs*: 66 

National Priority Disciplines*: 37 

Doctoral Programs*: 253 

Faculty and Staff: 7234 

Members of the Chinese Academy of Sciences: 38 

Members of the Chinese Academy of Engineering: 34 

Post-Doctoral Researchers: 1,233 

Undergraduate Students*: 14,943 

Master’s Students*: 14,899 

Doctoral Students*: 7,808 

National Laboratories*: 2 

National Key Laboratories*: 16 

National Engineering Laboratories: 5 

Province/Ministry-Level Key Laboratories*: 24 

Library Collection: 6,340,000 

Total Area of the University: 392.4 Hectares 

05 

* Including data from Peking Union Medical College, Tsinghua University

06 



▎About Tsinghua SEM 

Milestones of Tsinghua SEM 

1926 

・Department of Economics 

established. 

1928 

・ CHEN Daisun appointed as head 

of Department of Economics. 

1952 

・ Department of Economics 

merged into other universities 

under a nationwide academic 

restructuring regime. 

1979 

・ Department of Economics and 

Management Engineering 

established and begins enrolling 

graduate students. 

1980 

・ Undergraduate enrollment begins. 

1981 

・ Executive education program for 

high-level managers of stateowned 

enterprises begins. 

1984 

・ Tsinghua University School of 

Economics and Management 

(Tsinghua SEM) established with 

ZHU Rongji as founding Dean. 

1986 

・ Tsinghua SEM accredited to 

grant doctoral degrees in Systems 

Engineering and Technical 

Economics. 

・ “Old SEM Building” completed 

and put into use. 

1991 

・ Tsinghua SEM begins enrolling 

students for its pilot MBA 

program, one of the first in the 

nation. 

1997 

・Tsinghua SEM relocates to new 

facilities in the Weilun Building, 

donated by Mr. and Mrs. Quo-Wei 

Lee. 

・Tsinghua begins enrollment for 

its International MBA Program in 

partnership with MIT Sloan School 

of Management. 

1998 

・Tsinghua SEM accredited to grant 

doctoral degrees in Econometrics 

and Enterprise Management. 

2000 

・The Advisory Board established 

with ZHU Rongji as Honorary 

Chairman. 


doctoral degrees in Business 

Administration. 

2001 

・Professor ZHAO Chunjun becomes 

the second Dean of Tsinghua SEM. 

・Management Science and 

Engineering, Technical Economics 

and Management, and 

Econometrics named National 

Priority Disciplines. 

・Tsinghua SEM partners with 

Harvard Business School to launch 

the Tsinghua-Harvard Executive 

Training Program.

07 

2002 

・Tsinghua SEM officially accredited 

to offer EMBA Program. 

・Shunde Building, funded by a 

contribution from Mr. S.T. Wu, is 

completed and put into use. 

2003 

・Tsinghua SEM accredited to 

grant doctoral degrees in Political 

Economy. 

2004 

・Tsinghua SEM celebrates its 20th 

anniversary. 

・Department of Enterprise 

Management divided into 

Department of Human Resources, 

Department of Marketing and 

Department of Business Strategy 

and Policy. 

2005 

・Tsinghua University Executive Vice- 

President HE Jiankun becomes the 

third Dean of Tsinghua SEM. 

2006 

・Professor QIAN Yingyi becomes 

the fourth Dean of Tsinghua SEM. 


doctoral degrees in Theoretical 

Economics and Applied Economics. 

・Second Degree Program in 

Economics begins enrollment. 

2007 

・Tsinghua SEM becomes the first 

school on the Chinese mainland 

with AACSB accreditation. 

・Management Science and 

Engineering, Business 

Administration, and Econometrics 

named National Priority Disciplines. 

・Tsinghua-INSEAD Dual Degree 

Executive MBA Program begins 

enrollment. 

2008 

・Tsinghua SEM accredited under 

EQUIS, becoming the first business 

school on the Chinese mainland 

with both AACSB and EQUIS 

accreditation. 

2009 

・New MBA curriculum launched. 

・New undergraduate curriculum 

launched. 

2010 

・MBA admissions reform initiated. 

・Masters in Management program 

launched. 

・Masters in Finance launched. 

・Tsinghua SEM completes the first 

phase of a new IT project. 

2011 

・Tsinghua Business Review 

launched. 

・Founding Dean ZHU Rongji returns 

to SEM upon Tsinghua centennial 

celebration. 

・Celebration held for the 85th 

anniversary of the Department of 

Economics. 

・Eight doctoral degree programs, 

each affiliated to a department of 

the School, launched. 

・Tsinghua SEM completes the 

second phase of a new IT project.

0 


Tsinghua University

Organizational Structure 

Departments 

Department of Accounting 

Department of Business Strategy and Policy 

Department of Economics 

Department of Finance 

Department of Human Resources and Organizational Behavior 

Department of Innovation and Entrepreneurship 

Department of Management Science and Engineering 

Department of Marketing 

Business Law Teaching and Research Group 

Program Offices 

Academic Affairs Office 

MBA Programs 

EMBA Programs 

Executive Education 

Research Centers 

National Center for Economic Research 

Research Center for Technological Innovation 

Research Center for Contemporary Management 

China Business Research Center 

China Business Case Center 

National Entrepreneurship Research Center 

China Center for Financial Research 

Center for China in the World Economy 

China Retail Research Center 

Research Base for Contemporary Management and Technological Innovation 

Research Center for Public Assets 

National Institute for Fiscal Studies 

China Research Center for Insurance and Risk Management 

Center for Leadership Development and Research 

Tsinghua-CDB Research Institute 

Research Center for Healthcare Management 

China Data Center 

Center for Corporate Governance 

Center for Green Leap Research 

Center for Enterprise Growth and National Economic Security Research 

Center for China-Latin America Management Studies 

Research Center for China’s Industrial Development 

Center for International Economic Research 

Library and Laboratories 

Library 

E-Business Laboratory 

Management Information Systems Laboratory 

Enterprise Resources Planning (ERP) Laboratory 

Behavior and Communication Laboratory 

Administrative Offices 

Dean's Office 

Faculty Development Office 

Research Affairs Office 

Human Resources Office 

Accounting Office 

Information Technology Office 

Logistics Office 

Office of School History 

Student Affairs Office 

Career Development Center 

Alumni Office 

Resource Development Office 

International Office 

Planning and Quality Assurance Office 

Office of Communications and Marketing 

CPC Offices 

CPC Committee Office 

Undergraduate Student Work Office 

Graduate Student Work Office 

09

10 



The Advisory Board 

Initiated by SEM’s Founding Dean ZHU Rongji, the Advisory Board of Tsinghua SEM was established in October 2000. 

Since its establishment, the Advisory Board has met annually to offer advice on the development of Tsinghua SEM. 

The Advisory Board has provided tremendous help in the following initiatives: 

・ Contributing ideas and formulating strategies to make Tsinghua SEM a world-class school 

・ Promoting faculty development at Tsinghua SEM 

・ Supporting the establishment of research centers 

・ Funding research projects 

Honorary Chairman 

ZHU Rongji 

Founding Dean, School of Economics and Management, 

Tsinghua University (1984-2001) 

Former Premier, State Council, People’s Republic of China 

(1998-2003) 

Honorary Members 

Lord Browne of Madingley 

Former Group Chief Executive, BP PLC 

Henry M. Paulson, Jr. 

Former U.S. Secretary of the Treasury 

Former Chairman and CEO, the Goldman Sachs Group, Inc. 

H. Lee Scott, Jr. 

Chairman of the Executive Committee of the Board, Wal- 

Mart Stores, Inc. 

Former President and CEO, Wal-Mart Stores, Inc. 

WANG Qishan 

Vice-Premier, State Council, People’s Republic of China 

Current Members 

Daniel F. Akerson 

Chairman and CEO, General Motors 

Dominic Barton 

Global Managing Director, McKinsey & Company 

Lloyd C. Blankfein 

Chairman and CEO, the Goldman Sachs Group, Inc. 

Sir John Bond 

Chairman, Xstrata PLC 

Former Chairman, Vodafone Group PLC 

Former Group Chairman, HSBC Holdings PLC 

David Brennan 

CEO, AstraZeneca 

Henri de Castries 

Chairman and President, AXA 

CHANG Zhenming 

Chairman, CITIC Group 

CHEN Yuan 

Chairman, China Development Bank

Steven A. Denning 

Chairman, General Atlantic LLC 

Jamie Dimon 

Chairman and CEO, J.P. Morgan Chase & Co. 

Robert Dudley 

Group Chief Executive, BP PLC 

Michael T. Duke 

President and CEO, Wal-Mart Stores, Inc. 

Victor K. Fung 

Group Chairman, Li & Fung Group of 

Companies 

Christopher B. Galvin 

Chairman and Co-Founder, Harrison Street 

Capital LLC 

Former Chairman and CEO, Motorola 

Carlos Ghosn 

President and CEO, Nissan Motor Co., Ltd. 

President and CEO, Renault S.A. 

Thomas H. Glocer 

CEO, Thomson Reuters 

Terry Gou 

Founder and President, Foxconn 

Technology Group 

Maurice R. Greenberg 

Chairman and CEO, C. V. Starr & Co., Inc. 

Former Chairman and CEO, AIG 

Robert Greifeld 

CEO, the NASDAQ OMX Group, Inc. 

GU Binglin 

President, Tsinghua University 

GUO Shuqing 

Chairman, China Securities Regulatory 

Commission 

HO Ching 

Executive Director and CEO, Temasek 

Holdings 

Nobuyuki Idei 

Founder, CEO and Representative Director, 

Quantum Leaps Corporation 

Former Chairman and Group CEO, Sony 

Corporation 

Irwin Mark Jacobs 

Co-Founder and Director, Qualcomm Inc. 

Edward C. Johnson III 

Chairman and CEO, Fidelity Investments 

Muhtar Kent 

President and CEO, The Coca-Cola 

Company 

Henry R. Kravis 

Chairman and CEO, KKR 

Richard C. Levin 

President, Yale University 

Richard Li 

Chairman and Chief Executive, Pacific 

Century Group 

Robin Li 

Founder, Chairman and CEO, Baidu Inc. 

LI Rongrong 

Former Chairman, State-Owned 

Assets Supervision and Administration 

Commission 

LIU Chuanzhi 

Chairman and President, Legend Holdings Ltd. 

Chairman, Lenovo 

LIU Mingkang 

Former Chairman, China Banking 

Regulatory Commission 

LOU Jiwei 

Chairman, China Investment Corporation 

Andrónico Luksic 

Chairman, Luksic Group 

MA Kai 

State Councilor and Secretary-General of the 

State Council, People’s Republic of China 

John J. Mack 

Chairman and CEO, Morgan Stanley 

Michael McNamara 

CEO, Flextronics International 

Nitin Nohria 

Dean, Harvard Business School 

Indra K. Nooyi 

Chairman and CEO, PepsiCo 

Jorma Ollila 

Chairman, Nokia Corporation 

Chairman, Royal Dutch Shell 

Vikram Pandit 

CEO, Citigroup 

Thomas S. Robertson 

Dean, the Wharton School of the University 

of Pennsylvania 

David M. Rubenstein 

Co-Founder and Managing Director, the 

Carlyle Group 

Garth Saloner 

Dean, Stanford Graduate School of 

Business 

David Schmittlein 

John C Head III Dean, MIT Sloan School of 

Management 

Stephen A. Schwarzman 

Chairman and CEO, Blackstone 

Martin Senn 

CEO, Zurich Financial Services 

Sir Howard Stringer 

Chairman, President and CEO, Sony 

Corporation 

John L. Thornton 

Guest Professor and Director, Global 

Leadership Program, Tsinghua University 

Chairman, Board of Trustees, Brookings 

Institution 

Joseph M. Tucci 

Chairman, President and CEO, EMC 

Corporation 

WANG Dazhong 

Former President, Tsinghua University 

Marjorie Yang 

Chairman, Esquel Group 

ZHAO Chunjun 

Former Dean, School of Economics and 

Management, Tsinghua University 

ZHOU Xiaochuan 

Governor, People’s Bank of China 

11

▎Faculty 

12 

Full-Time Faculty 



As of October 2011, Tsinghua SEM 

has 155 full-time faculty members, 

including 47 Professors, 63 Associate 

Professors, and 45 Assistant Professors. 

143 faculty members have Ph.D.s 

from top Chinese or international 

universities. Three are “Thousand 

Talents Program” Professors, six hold 

Cheung Kong Scholar Professorships, 

and six are recipients of the China 

National Science Foundation for 

Distinguished Young Scholars.


CHEN Xiao 

Professor, Chair 

• BS, 1983, Wuhan Institute of Chemical 

Technology 

• MS, 1989, University of Science and 

Technology of China 

• Ph.D., 1996, Tulane University 

Research Areas 

Accounting and Capital Market, Corporate 

Governance, International Taxation, Taxation 

and Business Strategy, Business Valuation 

WANG Kun 

Associate Professor 

• BA, 1998, Nankai University 

• Ph.D., 2003, Hong Kong University of 

Science and Technology 


Financial Accounting, Earnings Management, 

Corporate Governance, Ownership Structure 

13 

JIA Ning 


• BS, 2002, University of Minnesota-Twin 

Cities 

• MS, 2004, Stanford University 

• Ph.D., 2007, Stanford University 


Private Equity Funds and Venture Capital, 

Entrepreneurial Finance and Business 

Development 

LI Dan 


• BA, 2001, Beijing Institute of Technology 

• Ph.D., 2007, Georgia Institute of 

Technology 


Audit Quality, Internal Control, Financial 

Accounting, Earnings Management 

XIA Donglin 

Professor, Associate Dean 

• BA, 1984, Jiangxi Institute of Finance and 

Economics 

• MA, 1990, Research Institute for Fiscal 

Science, Ministry of Finance 

• Ph.D., 1994, Research Institute for Fiscal 



Financial Reporting and Corporate Governance, 

Accounting Standards, Comparative Accounting 

XIAO Xing 

Associate Professor, Vice Chair 

• BS/BEng, 1994, Tsinghua University 

• MS, 1997, Tsinghua University 

• Ph.D., 2004, Tsinghua University 


Corporate Finance, Corporate Governance, 

Financial Statement Analysis, Financial 

Accounting 

LUO Mei 


• BS, 1998, Tsinghua University 

• Ph.D., 2004, University of California, 

Berkeley 


Financial Statement Analysis and Equity 

Valuation, Accounting Anomaly, Earnings 

Management, Securities Market Regulation 

XIE Deren 

Professor 

• BA, 1993, Xiamen University 

• Ph.D., 1998, Xiamen University 


Interdisciplinary Study on Accounting, New 

Institutional Economics and the Theory of the 

Firm, Corporate Governance and Executive 

Incentive, Capital Market and the Setting of 

Accounting Standards, the Regulation of the 

Accountancy Profession 

LUO Ting 

Assistant Professor 

• BEcon, 1997, Peking University 

• Ph.D., 2007, University of Wisconsin- 

Madison 


Capital Market and Accounting, Financial 

Accounting, Empirical Assessments of 

Earnings Quality 

XUE Jian 




• Ph.D., 2006, Carnegie Mellon University 


Financial Accounting, Role of Information in 

Financial Markets, Financial Analyst Behavior

14 



ZHANG Haiyan 







Corporate Governance of Chinese Firms 

Listed in Hong Kong, Corporate Governance, 

Accounting and Capital Market 

ZHOU Li 

Research Fellow 

• BS, 1988, Southeast University 

• MS, 1991, Southeast University 



Accounting, Public Policy, Corporate Strategy 

JIN Zhanming 

Professor 

• BS, 1980, Jilin University of Technology 

• MS, 1983, Chinese Academy of 

Agricultural and Mechanization Sciences 

• Ph.D., 1989, China University of Mining 

and Technology 


Strategic Management, Strategic Selection 

under eBusiness Environment, Military 

Strategy and Enterprise Competition, M&A 

and Strategic Alliances 

LI Donghong 

Associate Professor, Vice Chair 

• BS, 1993, Lanzhou University 

• MS, 1996, Lanzhou University 

• Ph.D., 1999, Renmin University of China 


Theory of Corporate Growth, Strategic 

Management, Strategic Alliances 

Department of Business 

Strategy and Policy 

NING Xiangdong 

Professor 





Corporate Governance, Strategic 

Management, the Theory of Firm, Transition 

Economy of China 

DUAN Zhirong 


• BEng, 1994, Tsinghua University 

• MEng, 1997, Tsinghua University 


• Ph.D., 2011, University of New South Wales 


Macromarketing, Internationalization 

SHI Yongheng 






Internationalization and Strategy, 

International Business Management, 

Corporate Organization and Governance, 

International Trade 

JIAO Jie 

Associate Professor, Associate Dean 


• MBA, 2002, Tsinghua University 

• Ph.D., 2006, the George Washington 

University 


Chinese Firms’ International Acquisition 

Strategies, International Business Strategy 

and FDI, Localization Strategies for MNEs, 

Corporate Social Responsibility, Business- 

Government Relations 

WEI Jie 


• BS (equivalent), 1979, Northwest University 

• MA, 1982, Northwest University 



Arrangement of Enterprise Institution, 

Choosing of Enterprise Strategy, Creation 

of Corporate Culture, External Choosing of 

Enterprise, Analysis of Macroeconomic Policy 

and Indices, Study of Market Economy


WU Rui 


• BA, 2001, Peking University 

• MA, 2003, University of California, Los 

Angeles 

• Ph.D., 2010, University of Southern 

California 


Strategic Alliance, Corporate Collaboration, 

Organizational Learning and Experience 

WU Weiku 

Professor 

• BS, 1983, Northeastern University of 

Technology 

• MS, 1987, Harbin Institute of Technology 



Business Strategy, Competitive Strategy, 

Leadership, Value Based Leadership, EQ and 

Leadership 

BAI Chong-en 

Freeman Chair Professor of 

Economics, Chair, Associate Dean 

• BS, 1983, University of Science and 


• Ph.D., 1988, University of California, San Diego 

• Ph.D., 1993, Harvard University 


Public Economics, Economics of Organization 

and Incentives, Corporate Governance, 

Development/Transition Economics, Industrial 

Economics and Chinese Economy 

CAO Jing 


• BA/BS, 1998, Peking University 

• MS, 2001, Peking University 



Energy and Environmental Economics 

15 

XIE Wei 

Professor 

• BEng, 1989, PLA Transportation 

Engineering College 

• Ph.M., 1993, Southeast University 



Strategic Management, Innovation 

Management, Business Model, Strategic 

Alliance 

CHEN Zhangwu 

Professor 

• BS (equivalent), 1970, Tsinghua University 



Western Economics, Management Economics, 

College Education Cost Comparisons 

XUE Lei 






Strategic Management 

GAO Ming 


• BA, 2001, Tsinghua University 

• MA, 2003, Tsinghua University 

• Ph.D., 2010, London Business School 


Microeconomic Theory, Industrial 

Organization, Behavioral Economics, 

Corporate Governance 

YANG Bin 

Professor, Senior Associate Dean 


• MS/ Ph.D., 2000, Tsinghua University 


Business and Society, Leadership Theory and 

Practice, Business Ethics, Crisis Management, 

Management Education 

GUO Meixin 


• BA, 2001, Nanjing University 

• MA, 2004, Peking University 

• Ph.D., 2010, University of California, Davis 


International Macroeconomics/Finance, 

International Trade, Applied Econometrics

16 

HAN Xiuyun 


• BS, 1982, Nankai University 

• MS, 1984, Nankai University 


Political Economics, Western Economics, 

Theory and Practice of Socialist Economics, 

China and the World Economy 

LI Zinai 

Professor 




Theory and Methodology of Econometrics; 

Macroeconomic Model and Policy; 

Agriculture, Farmer and Rural Area Issues 



JU Jiandong 

Professor 

• BS, 1982, Nanjing University 


• Ph.D., 1995, Pennsylvania State University 


International Trade, International Finance, 

Industrial Organization 

Jaimie Wei-Hung Lien 


• BA, 2001, Wellesley College 

• MA, 2005, University of California, San 

Diego 

• Ph.D., 2010, University of California, San 

Diego 


Applied Microeconomics, Behavioral Economics, 

Consumer Behavior and Public Policy 

LI Bing 



• MA, 2004, University of British Columbia 

• Ph.D., 2010, Indiana University 


Monetary Economics, Applied Macroeconometrics, 

Open Economy 

Macroeconomics 

LIU Lingling 

Professor 

• BA, 1982, Harbin Normal University 

• MA, 1991, Harbin Normal University 



Public Finance of China, Tax Law and Tax 

System, Macroeconomics, Rural Economy 

and Fiscal Policy, Transitional Economy and 

Theory of Modernization, Economic Game 

Theory and Design of the Fiscal System 

LI Hongbin 

C.V. Starr Chair Professor 

• BS, 1993, China Agricultural University 



Development Economics, Labor Economics, 

Transition Economics, Chinese Economy 

LIU Qing 


• BA, 1996, Xinjiang University of Finance 

and Economics 

• MA, 1999, Zhejiang University 

• MA, 2002, University of British Columbia 

• Ph.D., 2008, University of Toronto 


Monetary Theory, Macroeconomics 

LI Mingzhi 



• MS, 1990, Shanghai Jiaotong University 

• Ph.D., 1999, the University of Texas at 

Austin 


Industrial Organization, Electronic Commerce 

LU Lin 


• BA/BS, 2002, Wuhan University 

• Ph.D., 2010, University of Minnesota 


International Economics, Macroeconomics, 

Economic Growth and Development

MA Hong 


• BA, 2002, Fudan University 

• MA, 2004, University of California, Davis 



International Economics, Industrial Economics, 

Applied Microeconomics 

QIAN Yingyi 

Professor, Dean 


• MA, 1982, Columbia University 

• MPhil, 1984, Yale University 



Comparative Economics, Institutional 

Economics, Economics of Transition and 

Development, Chinese Economy 

17 

MENG Lingsheng 



• MPhil, 2004, Chinese University of Hong 

Kong 

• Ph.D., 2010, University of Maryland, 

College Park 


Development Economics, Public Economics, 

Labor Economics 

QIAO Xue 



• Ph.D., 2007, Iowa State University 


Macroeconomics, Contract Theory, 

Unemployment Insurance 

OUYANG Min 



• MA, 2003, University of Maryland at 

College Park 

• Ph.D., 2005, University of Maryland at 

College Park 


Macroeconomics, Industrial Organization, 

Labor Economics 

SHI Xinzheng 




• Ph.D., 2009, University of Michigan 


Development/Transition Economics, Public 

Economics, Applied Econometrics, Chinese 

Economy 

PAN Wenqing 


• BS, 1987, Northwest Normal University 

• MS, 1993, Lanzhou University 



Quantitative Economics, Macroeconomics, 

International Economics 

WANG Ruqu 

China Construction Bank 

Chair Professor 

• BS, 1985, Fudan University 

• MA, 1989, Boston University 

• Ph.D., 1991, Boston University 


Microeconomics, Auction Theory and Game 

Theory 

QI Liangshu 




• Ph.D., 1999, Peking University 


Health Economics, Development Economics 

WEN Yi 


Macroeconomics 

China Construction Bank Chair Chair 

Chair Professor 

• BS, 1982, West China University of Medical 

Sciences 

• MA, 1991, University of Notre Dame 

• Ph.D., 1996, University of Iowa

18 

Alexander C. White 


• BA, 2005, Columbia University 

• MA, 2006, Toulouse School of Economics 

• Ph.D., 2010, Toulouse School of Economics 


Industrial Organization, Microeconomic 

Theory, Economics of the Internet 

ZHAN Zhaoguo 


• BEng, 2003, Renmin University of China 

• MSc, 2005, London School of Economics 

• MA, 2007, Brown University 

• Ph.D., 2011, Brown University 


Econometrics, Applied Econometrics 



WU Binzhen 


• BEng, 1998, Xi’an Jiaotong University 


• Ph.D., 2006, University of Wisconsin- 

Madison 


Public Economics, Economics of Education, 

Applied Microeconomics 

ZHENG Jie 




• MA, 2007, Washington University in St. Louis 

• Ph.D., 2011, Washington University in St. 

Louis 


Microeconomic Theory, Industrial 

Organization, Mathematical Economics, 

Financial Economics, Experimental Economics 

WU Kangping 

Professor 

• BS, 1982, Northwest University 

• MS, 1985, Northwest University 

• Ph.D., 1989, Chinese Academy of Sciences 


Microeconomics, Macroeconomics, Economic 

Growth 

ZHONG Xiaohan 

Associate Professor, 

Vice Chair 


• MS/Ph.D., 1999, Tsinghua University 


Applied Microeconomics, Development 

Economics, Political Economy, Labor 

Economics, Chinese Economy 

XU Yuan 


• BS, 2002, Fudan University 



Macroeconomics, Monetary Economics, 

Financial Economics, Applied Time Series 

Econometrics, International Finance 


YANG Siqun 


• BS, 1986, Renmin University of China 

• MS, 1989, Chinese Academy of Social 

Sciences 

• Ph.D., 1997, Chinese Academy of Social 

Sciences 


Economic Analysis of Investment and 

Consumption, Theory of Security Investment 

CHEN Bingzheng 

Professor 



• MS, 1985, Renmin University of China 



Risk Management and Insurance, Enterprises 

Risk Management, Pension, Insurance-linked 

Securitization

CHEN Taotao 

Professor 


• MS, 1991, Research Institute for Fiscal 




FDI Spillovers, Globalization and Strategy, 

International Economics and Management, 

Corporate Finance, Business Valuation and 

Valuation of Intangibles 

HE Ping 


• BEcon, 1997, Tsinghua University 

• MA, 2002, University of Pennsylvania 

• Ph.D., 2004, University of Pennsylvania 


Financial Institution, Monetary Economics, 

Corporate Finance 

19 

CHEN Yunling 






Corporate Finance, Financial Market, 


HUANG Zhangkai 


• BA, 1998, Guangdong University of 

Foreign Studies 

• MS, 1999, University of Essex 

• Ph.D., 2003, University of Oxford 


Corporate Finance, Financial Market and 

Institution 

DENG Yinglu 




• MA, 2010, University of Texas at Austin 

• Ph.D., 2011, University of Texas at Austin 


Asset Valuation, Quantitative Finance, Risk 

Management, Insurance 

JIANG Lei 


• BA, 2003, Harbin Institute of Technology 

• MA, 2005, Harbin Institute of Technology 

• MA, 2006, University of Virginia 

• Ph.D., 2011, Emory University 


Empirical Asset Pricing, Stock Market 

Microstructure, Corporate Finance, Monetary 

Policy 

GAO Feng 





Finance Econometrics, Asset Pricing, Risk 

Management 

LI Daokui 

Freeman Chair Professor of 

Economics, Chair 




Development Economics, Corporate Finance, 

International Economics, Chinese Economy 

HAN Xi 



• MA, 2002, University of Washington 

• Ph.D., 2007, University of Washington 


Venture Capital and Private Equity, Market 

Microstructure, International Finance, 


LI Jinliang 



• Ph.D., 2001, Syracuse University 


Market Structure and Control, Investment 

Behavior and Strategy, Risk Management

20 

LI Minwen 


• BS, 1997, Peking University 


• Ph.D., 2010, University of Maryland 


Corporate Finance, Financial Market, 

Corporate Governance, Board Composition, 

Executive Turnover and Executive 

Compensation 

Michael R. Powers 

Professor 

• BS, 1982, Yale University 

• MA, 1982, Yale University 



Government Regulation and Public Policy, 

Stochastic Models of Financial Risk, Game 

Theory in Risk and Insurance, Tax Treatment 

of Risk Transfers 



LIAO Li 




• MBA, 1999, MIT Sloan School of 

Management 


Corporate Finance and Corporate Strategy, 

Private Equity and Venture Capital, Business 

Model and Entrepreneurial Finance, Merger 

and Acquisition, Consumer Finance 

SONG Fengming 

Professor 


• MS, 1982, Shanghai Jiaotong University 



Financial Engineering, Financial Economics 

LIU Chun 






Empirical Finance, Financial Market, Risk 

Management 

WANG Guiqin 


• BA, 1986, Dalian Foreign Languages 

Institute 



Strategic Corporate Communication, Measuring 

Corporate Communication, Cultural Integration 

in Cross-Border M&A, Organizational 

Behavior, Human Resource Development and 

Management, Financial Service Marketing 

LU Yao 


• BA, 2000, Central University of Finance 

and Economics 

• MS, 2003, New York University 




Capital Market Development and 

Internationalization 

WANG Hao 


• BS, 1995, Shenyang University of 

Technology 

• MBA, 2000, Eastern Illinois University 

• Ph.D., 2007, McGill University 


Credit Risk and Derivatives, Fixed Income, 


PANG Jiaren 



• MA, 2004, Vanderbilt University 

• Ph.D., 2007, Washington University at St. Louis 



Financial Markets and Institutions, Empirical 

Asset Pricing in connection with Corporate 

Finance and Macroeconomics 

WANG Hong 


• BEng, 1985, Tianjin University 


• MS, 1993, Massachusetts Institute of 

Technology 


Real Estate Finance and Investment, 

Risk Management, Asset Valuation and 

Investment Appraisal, Securitization, Real 

Estate Market Studies and Forecasting, 

Development Planning for New Urban Areas, 

Real Estate Brokerage and Marketing

WANG Jun 

Associate Professor, Assistant Dean 

• BS, 1995, Northern Jiaotong University 




Corporate Finance, Risk Management and 

Insurance, Insurance Economics 

ZHAO Dongqing 







21 

WANG Yintian 


• BA, 1998, Xi’an Jiaotong University 

• MA, 2000, Queen’s University 

• Ph.D., 2006, McGill University 


Option Pricing, Credit Derivatives, 

Econometric Modeling, Risk Management 

ZHU Shiwu 


• BS, 1983, Henan Normal University 

• MS, 1987, Wuhan University 

• Ph.D., 1999, Shanghai University of 

Finance and Economics 


Fixed Income, Risk Management, Financial 

Database, Financial Computation and 

Modeling 

YANG Zhishu 

Professor 

• BEng, 1988, Harbin Institute of Technology 




Financial Market Microstructure, Behavioral 

Finance, Corporate Finance, Banking and 

Financial Institutions, Econometrics of 

Financial Markets 

ZHU Wuxiang 

Professor, Vice Chair 





Corporate Finance, Capital Market 

ZHANG Lihong 






Mathematical Finance, Stochastic Process, 

Risk Theory and Risk Management 

ZHU Yingzi 




• MA, 1993, New York University 

• Ph.D, 1997, New York University 

• MBA, 2002, New York University 


Financial Institution, Risk Management, 

Financial Innovation, Financial Crisis, Asset 

Pricing, Investment Strategy 

ZHANG Taowei 






Financial Derivatives Development, Financial 

Risk Management, International Finance, 

International Financial Management, 


ZHU Yujie 

Professor 





Corporate Finance, International Trade, 

Foreign Direct Investment, Globalization 

Strategy

Department of Human Resources 

and Organizational Behavior 

22 



CHEN Guoquan 






Organizational Behavior, Organizational 

Learning, Learning Organization, 

Organizational Knowledge Management, 

Organizational Change, Team Management, 

Leadership 

CHEN Hao 


• BA, 2003, Jilin University 

• MA, 2006, Shenzhen University 

• Ph.D., 2011, University of Texas at Dallas 


Supervisor-subordinate Relationship and 

Outcomes, Work Ethic, Extra-role Behavior, 

Leadership, Cross-culture Study 

WANG Lei 


• BS, 2002, Beijing Normal University 

• MA, 2005, Beijing Normal University 

• Ph.D., 2011, State University of New York 

at Buffalo 


Leadership, Social Networks, Knowledge 

Management in Teams, Cultural Differences 

WANG Xiaoye 


• BS, 2000, East China Normal University 

• MS, 2004, East China Normal University 




Performance Evaluation, Social Cognition, 

Social Exchange 

CHI Wei 


• BA, 1998, Renmin University of China 

• Ph.D., 2003, University of Minnesota 


Personnel Economics, Labor Economics 

WANG Xueli 


• BS, 1993, Harbin Institute of Technology 

• MS, 1996, Harbin Institute of Technology 

• MBA, 1996, Macao University 



Organizational Change, Strategic Human 

Resources Management, Corporate Culture 

Sharon Foley 


• BA, 1983, Boston College 

• MBA, 1988, London Business School 

• Ph.D., 1998, University of Connecticut 

Research Areas: 

Diversity in Organizations, Human Resource 

Management in China 

WU Zhiming 


• BS, 1989, Hangzhou University 

• MS, 1996, Beijing Normal University 

• Ph.D., 1999, Beijing Normal University 


Human Resource Management, 

Organizational Behavior 

QU Qing 






Human Resource Management, Corporate 

Culture, Leadership 

YANG Baiyin 

COSCO Chair Professor, Chair 


• MEd, 1992, University of Saskatchewan 

• Ph.D., 1996, University of Georgia 


Adult and Organizational Learning, Power 

and Influence Tactics, Cross-Cultural 

Management, Knowledge Management, 

Theory-Building Methodology, and 

Quantitative Research Methods

ZHANG Jin 




• MA, 2002, University of Southern California 

• Ph.D., 2004, University of Southern California 


Positive Psychology, Subjective Well-Being, 

Employee-Organization Relationship, Human 

Resource Assessment, Research Design and 

Multivariate Data Analysis 

GAO Jian 

Professor, Chair, Assistant Dean 

• BS, 1984, Chongqing Institute of 

Architecture Engineering 

• MS, 1987, Chongqing Institute of 

Architecture Engineering 



Entrepreneurial Investment, Entrepreneurial 

Finance, New Technology Commercialization 

23 

ZHANG Mian 


• BS, 1993, Xi’an Jiaotong University 

• Ph.D., 2002, Xi’an Jiaotong University 


Decision Making and Judgment, Motivation 

Theory, Social Networks, Employee Turnover, 

Organizational Culture and Leadership, 

Performance Management 

GAO Xudong 

Associate Professor, 

Vice Chair 

• BEng, 1988, Harbin Institute of Technology 

• MA, 1991, Renmin University of China 

• Ph.D., 2003, MIT Sloan School of 

Management 


Competitive Strategy, Technology Strategy, 

Management of Technological Innovation 

ZHENG Xiaoming 




Strategic Human Resource Management, 

HR Competences Model, Recruitment and 

Selection, Working Emotion and Emotional 

Intelligence, Employees Subjective Well-Being, 

Leadership, Performance Management, 

Organizational Learning and Organizational 

Culture 

LEI Jiasu 

Professor 

• BS, 1983, Xi'an University of Finance and 

Economics 

• MS, 1987, Northwestern University 



Entrepreneurship, Corporate Growth, Theory 

of National Economic Security 

Department of Innovation 

and Entrepreneurship 

LI Jizhen 


• BEng/BEng, 1997, Tsinghua University 



Management of Technological Innovation, 

Science and Technology Policy, Project 

Management 

CHENG Yuan 


• BS, 1991, Huazhong University of Science 


• MS, 1996, Huazhong University of Science 




Management and Innovation, Technology 

Strategy, New Business Development, 

Entrepreneurship 

LI Xibao 


• BS/BS, 1993, Shanghai Jiaotong University 


• MS, 2001, The Ohio State University 

• Ph.D., 2003, The Ohio State University 



Technology-Based Entrepreneurship, 

Knowledge Management

24 

TONG Yunhuan 

Professor 

• BS, 1982, Huazhong Institute of 

Technology 



Management of Technology Innovation, 

Project Management, Theory and Methods 

of Evaluation/Assessment, Sustainable 

Development 

YANG Delin 

Professor 

• BS, 1982, Huazhong Normal University 

• MS, 1991, Chinese Academy of Sciences 

• Ph.D., 1997, Chinese Academy of Social 

Sciences 


Management of Intellectual Property Rights, 

Management of Entrepreneurship and 

Innovation 



WANG Yi 


• BS, 1993, Beijing University of Astronautics 

and Aeronautics 

• MS, 1996, Tianjin University 

• Ph.D., 2000, Zhejiang University 



Strategic Management, Knowledge 

Management 

ZHANG Wei 






Venture Capital, Entrepreneurship, Theory of 

the Firm 

WEI Linwei 


• BS, 1982, Northeast Heavy Machinery 

Institute 



Program Evaluation and Management, 

Project Management, IT and Software Project 

Management, Value Engineering and Value 

Management, System Optimization and 

Planning 

Steven White 


• BS, 1985, Duke University 

• MA, 1988, International University of Japan 

• Ph.D., 1997, Massachusetts Institute of 

Technology 


Strategy, Organizational Change, Alliances, 

Innovation and Entrepreneurship 

ZHU Hengyuan 




• MEng, 2000, Rensselaer Polytechnic 

Institute 



Organization and Process of New 

Product or New Business Development, 

Entrepreneurship, Venture Creation and 

Growth 

Department of Management 

Science and Engineering 

WU Guisheng 

Professor 




Management of Technology, Management 

of Technological Innovation, Regional 

Development 

CHEN Guoqing 

EMC Chair Professor, 

Associate Dean 

• BEng, 1982, Renmin University of China 

• MBA, 1988, Catholic University of Leuven 

• Ph.D., 1992, Catholic University of Leuven 


IT Strategy and Management, Business 

Intelligence and E-Business, Data Models and 

Fuzzy Logic

CHEN Jian 

Lenovo Chair Professor, Chair 





Supply Chain Management, E-Business, 

IT Strategy and Management, Business 

Intelligence and Decision Support Systems, 

Optimization and Forecasting Techniques 

LI Bo 




Berkeley 


Semiparametric Statistics, Nonparametric 

Statistics 

25 

GUO Xunhua 


• BS/BS, 2000, Tsinghua University 



Information Systems and Organizational 

Evolution, Systems Analysis and Design, Data 

Management 

LIN Lihui 




• MS, 1999, University of Texas at Austin 

• Ph.D., 2002, University of Texas at Austin 


Knowledge Management, Innovation 

Management, Licensing of Intellectual 

Property, IT Investment, IT Contracts, Business 

Analytics, Open Source, Electronic Markets 

HUANG Jinghua 


E-Business, Information System 





LIU Hongyan 

Professor 

• BS, 1991, Beijing University of Chemical 

Technology 

• MS, 1994, Beijing University of Chemical 

Technology 



Data Mining, Text Mining, Database System, 

Data Warehousing, Online Analytical 

Processing, Information System 

HUANG Shuo 





Supply Chain Management, Operations 

Management, Inventory Control 

LIU Liwen 

Professor 

• BS, 1982, Northern Jiaotong University 

• MS, 1986, Negoya Institute of Technology 

• Ph.D., 1989, Nagoya Institute of Technology 


Production and Operations Management, 

Supply Chain Management, Operations 

Strategy, Service Management, JIT and Lean 

Production, Industrial Engineering, Logistics 

Management 

LAN Boxiong 

Professor 

• BEng, 1982, Beijing Institute of Chemical 

Engineering 


• Ph.D., 1993, University of Waterloo 


Operations Research, Decomposition Method 

for Large-Scale System, Complex Production 

System Modeling, Enterprise Integration 

Model, Management Information System and 

Decision Support System 

MAO Bo 

Associate Professor, Assistant Dean 




Information Management and Information 

System, Complex System (Theory and 

Application), Virtual Community, Knowledge 

Management

26 

QIAN Xiaojun 

Professor 


• MS, 1988, Purdue University 

• Ph.D., 1992, Purdue University 


Business Communication, Corporate 

Communication, Business Ethics and 

Corporate Social Responsibility, MBA and 

EMBA Education 

XIAO Yongbo 





Revenue Management, Production and 

Service Systems, Supply Chain Management 



David J. Robb 


• BEng, 1985, The University of Auckland 

• MBA, 1989, University of Calgary 

• Ph.D., 1992, University of Calgary 


Supply Chain Management, Inventory 

Management, Operations Management and 

Operations Strategy in China 

XIE Bin 






Operations and Supply Chain Management, 

Product Safety and Regulation, Adoption of 

New Technology 

SUN Jing 


• BS, 1991, Tianjin University 


• Ph.D., 1999, Beijing University of 

Astronautics and Aeronautics 


Quality Engineering and Management, 

Statistical Process Control, Statistical Process 

Diagnosis, Statistical Data Mining and 

Knowledge Discovery, Six Sigma 

XU Xin 




• Ph.D., 2005, University of California, Irvine 


IT and Supply Chain Management, 

Technology Diffusion, Corporate Governance 

and IT Returns, Customer Relationship 

Management Systems, ERP and Corporate 

Information Risk 

WEI Qiang 






Management Information Systems, Business 

Intelligence and Data Mining Techniques, 

Fuzzy Logic and Decision Techniques 

YANG Liu 



• MS, 2004, Singapore-MIT Alliance 

• Ph.D., 2010, Duke University 


Game Theory, Dynamic Programming, 

Mechanism Design, Health Care Systems, 

Behavioral Operations Management, Service 

Management 

WEN Zhong 




• Ph.D., 2006, New York University 


E-Commerce, Information Goods Pricing, 

Strategy in Electronic Markets 

YI Cheng 


• BS, 2006, National University of Singapore 

• Ph.D., 2011, National University of 

Singapore 


Electronic Commerce, Human-Computer 

Interaction, Online Consumer Behavior, Social 

Computing, Internet Marketing

YE Qing 






Supply Chain Management, Procurement 

and Outsourcing Management, Information 

Asymmetry in Operations Management, 

Capacity and Inventory Management 

HU Zuohao 

Professor 

• BS, 1985, Huazhong University of Science 


• MS, 1988, Zhejiang University 

• Ph.D., 2000, Kyoto University 


Marketing Strategy and Model 

27 

ZHU Tao 





Analysis and Design of Information Systems, 

Enterprise Application of Information Systems 

JIANG Xuping 

Professor 

• BS, 1982, Central-South Institute of Mining 

and Metallurgy 



E-Marketing, E-Commerce/Business, 

Interactive Marketing, Precision Marketing, 

Mobile Commerce and Value Added Service, 

E-Procurement, E-Customer Relationship 

Management, Information Management 

ZHU Yan 





Internet Behavior, Internet Economics, 

E-Business, Trust Management, Healthcare 

System Management 

LI Fei 

Professor 

• BS, 1983, Beijing Institute of Business 

• MS, 1988, Beijing Institute of Business 



Positioning, Retailing Strategy, Luxury 

Marketing, Chinese Marketing 

Department of Marketing 

LIU Wenjing 


• BA, 2000, University of International 

Business and Economics 

• MS, 2004, National University of Singapore 



Consumer Behavior and Decision-Making, 

Interpersonal Interactions, Time Perception, 

Intertemporal Choice, Pricing 

CHEN Rong 


• BS, 1998, Xi’an Jiaotong University 

• MS, 2000, Xi’an Jiaotong University 

• Ph.D., 2004, The Chinese University of 

Hong Kong 


Consumer Behavior, Services Marketing, 

Consumer Satisfaction and Regret, Customer 

Relations Management, Pricing Strategy 

LIU Xi 



• Ph.D., 2002, University of Iowa 


Integrated Marketing Communications (IMC), 

Corporate Social Responsibility (CSR), Crisis 

Management, Qualitative Research Methods

28 



LIU Xia 


• BA, 1999, Beijing Normal University 

• MA, 2002, Beijing Normal University 

• MS, 2004, Syracuse University 

• MS, 2008, Syracuse University 

• Ph.D., 2010, Syracuse University 


Quantitative Marketing Models, New Product 

Diffusion, Entertainment Marketing, Brand 

Management, Advertising 

SONG Xuebao 


• BS, 1986, Huazhong Agriculture University 




Strategic Marketing, Entrepreneurial 

Marketing, Industrial Marketing, Green 

Marketing 

WU Shali 


• BS, 2000, Beijing Normal University 

• MS, 2005, University of Chicago 

• Ph.D, 2007, University of Chicago 


Cross-Cultural Judgment and Decision 

Making 

ZHENG Yuhuang 


• BEng/BEcon, 1998, Tsinghua University 

• MBA, 2000, Tsinghua-MIT Sloan 

International MBA Program 

• MPhil, 2002, Columbia University 

• Ph.D., 2006, Columbia University 


Consumer Behavior, Consumer Judgment 

and Decision Making, Consumer Self- 

Control, Marketing Strategies for Hedonic 

vs. Utilitarian Products, Pricing and 

Promotion Strategies, Customer Relationship 

Management, Entrepreneurship, Internet 

Marketing, Global Marketing, Cultural 

Differences 

Business Law Teaching Group 

JIANG Peng 


• LL.B., 1997, Jilin University 

• LL.M., 2000, Jilin University 

• Doctor of Judicial Science, 2003, China 

University of Political Science and Law 


Civil and Commercial Law, Government-Merchant 

Relationship and the History of Business, 

Academic Criterion and Legal Education 

XIE Zan 






Marketing Strategy, Consumer Behavior, 

Marketing Research, Product Quality 

Measurement, Customer Satisfaction 

JIN Yongjun 


• BS, 1990, East China Normal University 

• LL.M., 1996, Peking University 


Intellectual Property Law, Law of Corporation, 

Contracts and Related Judicial Case Comments 

YU Chunling 


• BS/BS, 1993, Tianjin University 




Brand Management, Brand Valuation, 

Strategic Marketing Management 

LU Chunyan 

Associate Professor, Director 

• LL.B., 1986, Peking University 

• LL.M., 1989, Peking University 


Law of Corporation, Contracts and Related 

Judicial Case Comments 

ZHAO Ping 


• BS, 1982, Jilin University 




Customer Satisfaction Theory and 

Measurement, Customer Value Theory, 

Advertisement Effectiveness and Efficiency, 

Customer Relationship Management, Theory 

and Practice of Internet-based Survey

Honorary Professors 

Robert J. Barro 

Lawrence J. Lau 

Eric S. Maskin 

MUN Kin Chok 

Edmund S. Phelps 

Daniel L. Ritchie 

Oliver E. Williamson 

YUAN Baohua 

29 

Adjunct Professors 

CHEN Yuan 

GUO Shuqing 

JIANG Jianqing 

LI Jiange 

LI Rongrong 

LI Yizhong 

LIU Shiyu 

LOU Jiwei 

MA Jiantang 

MA Weihua 

QIN Xiao 

SHEN Liantao 

WU Jinglian 

WU Xiaoling 

XIE Fuzhan 

XU Rongkai 

XU Xianchun 

ZHANG Weiguo 

ZHOU Xiaochuan 

ZHU Rongji 

Guest Professors 

Stuart L. Hart 

F. Warren McFarlan 

John L. Thornton

Special-Term Professors 

BAI Jushan 

SHI Shouyong 

XU Chenggang 

Special-Term Professor, Department of Economics 

Professor, Columbia University 


Professor, University of Toronto 


Professor, University of Hong Kong 

30 





• MA, 1988, Pennsylvania State University 

• Ph.D., 1992, University of California at 

Berkeley 


Econometrics, Time Series Analysis, 

Nonstationary Panel Data Analysis, 

Econometric Modeling of Structural 

Changes, High-dimension Factor Models 

CAO Quanwei 

Special-Term Professor, Department of Finance 

Professor, Pennsylvania State University 


• MS, 1988, University of Kentucky 

• Ph.D., 1993, University of Chicago 


Derivatives Markets, Risk Management, 

Market Microstructure, Mutual Funds 

DAI Jiangang 

Special-Term Professor, Department of 

Management Science and Engineering 

Professor, Georgia Institute of Technology 


• MS, 1985, Nanjing University 



Stochastic Processing Networks, Supply 

Chain Management, Applied Probability, 

Operations Research 

HONG Yongmiao 


Professor, Cornell University 

• BS, 1985, Xiamen University 

• MS, 1988, Xiamen University 

• Ph.D., 1993, University of California, San 

Diego 


Econometric Theory, Time Series 

Econometrics, Nonlinear Time Series 

Analysis, Financial Econometrics, Empirical 

Finance, Chinese Economy 

LI Qi 


Professor, Texas A&M University 

• BS, 1984, Huazhong University of 


• MA, 1988, University of Toronto 



Macroeconomics, Monetary Economics 

WEI Shangjin 




• MA, 1988, Pennsylvania State University 

• MS, 1991, University of California, 

Berkeley 


Berkeley 


International Finance, International Trade, 

Macroeconomics, Development Economics 

XIAO Zhijie 


Professor, Boston College 

• BS, 1988, Renmin University of China 


• MA, 1995, Yale University 

• MPhil, 1996, Yale University 

• Ph.D., 1997, Yale University 


Econometric Theory and Applications, 

Nonstationary Time Series Analysis, Robust 

and Nonparametric Methods, Financial 

Econometrics 

XIE Jinhong 

Co-Chair, Special-Term Professor, Department of 

Marketing 

Professor, University of Florida 


• MS, 1984, The Second Academy of the 

Ministry of Astronautics 

• MS, 1989, Carnegie Mellon University 

• Ph.D, 1992, Carnegie Mellon University 


Innovation Management and Strategies, 

Network Effects, Service Pricing, 

Independent Product Information and 

Marketing Strategy, National Culture Effect 

on New Product Management 




Law and Finance, Contract Theory, 

Economics of Transition 

YAO Dawei 

Chair Professor, Department of Management 



• MS, 1981, University of Toronto 



Queuing Networks, Discrete Event 

Stochastic Systems, Applied Probability, 

Operations Management 

ZHAO Xiuli 

Special-Term Professor, Department of 


Professor, University of Michigan 

• BS, 1983, Shandong University 

• MS, 1986, Columbia University 

• Ph.D, 1989, Columbia University 


Queuing Theory, Financial Engineering, 

Inventory Control, Supply Chain 

Management 

ZHU Xiaodong 


Professor, University of Toronto 

• BS, 1982, Wuhan University 

• MS, 1985, Wuhan University 

• Ph.D., 1991, University of Chicago 


Macroeconomics, Development Economics, 

Financial Economics and Public Finance 



• Ph.D., 1991, Texas A&M University 


Non-parametric Econometrics, Panel Data 

Econometrics

Chair Professor of Cheung Kong 

Scholarship Program 

ZHAO Jianliang 

Chair Professor of Cheung Kong Scholarship Program, Department of 


Professor, City University of Hong Kong 

• BS, 1982, Beijing Institute of Agricultural Mechanization 

• MS, 1985, University of California, Davis 

• MS, 1990, University of California, Berkeley 

• Ph.D., 1992, University of California, Berkeley 


Management Information Systems, Business Process 

Management, Service-Oriented Computing 

31 

Distinguished Visiting Professors 

CHEN Qi 

Distinguished Visiting Professor, Department of 

Accounting 

Professor, Duke University 

• BS, 1993, Wuhan University 

• MA, 1996, University of Maryland at 

College Park 

• MBA/Ph.D., 2001, University of Chicago 


Role of Information in Financial Markets, 

Corporate Finance, Corporate Governance 

and Incentive Mechanism, Mutual Fund 

Behaviors, Financial Analysts Behavior 

CHEN Yubo 


Marketing 

Associate Professor, The University of Arizona 

• BEng, 1997, Southeast University 

• MEng, 2000, Southeast University 

• Ph.D., 2004, University of Florida 


Web 2.0 and Marketing Strategy, 

E-Commerce and Social Media, Social 

Interactions and Networks, Innovation 

and Entrepreneurship, Globalization 

and Corporate Sustainability Strategy, 

Marketing-Finance Interface 

PENG Kaiping 


Human Resources and Organizational Behavior 

Chair, Department of Psychology, Tsinghua 

University 

Professor, University of California, Berkeley 


• MS, 1995, University of Michigan 



Cultural Psychology, Culture and Cognition, 

Psychology and Economics 

QIU Dongxiao 


Economics 

Professor, The University of Hong Kong 

• BS, 1983, Sun Yat-sen University 

• MA, 1989, The University of British 

Columbia 

• Ph.D., 1993, The University of British 

Columbia 


Industrial Organization, International Trade, 

FDI

32 


Tsinghua University

▎Programs 

Attracting the Best and Brightest Students 

33 

Tsinghua SEM has been placing education at the core of its task. The School emphasizes on quality 

of education. As of September 2011, the School has a student body of 4,177, including 1,048 

undergraduate students, 440 master’s students, 278 doctoral students, 1,432 MBA and 979 

EMBA students. In addition, the School also attracts 622 undergraduates from other schools of the 

university for the Second Degree Program in Economics. 

The outstanding academic environment and international perspectives of the School attract students 

from all over the world. There are currently 297 international students enrolled at Tsinghua SEM, 

including 57 in the Undergraduate Programs, 48 in the Master’s and Doctoral Programs, 105 in the 

MBA Programs and 87 in the EMBA Programs. Tsinghua SEM also runs student exchange programs 

with 99 leading universities and business schools around the world. Each year, over 300 students of 

Tsinghua SEM participate in these overseas exchange programs.

Undergraduate Programs 

34 



Program Objectives 

The Undergraduate Program of Tsinghua SEM aims to make 

each student a fully developed modern person, while also 

providing an environment that promotes top talents. 

Program Features 

The Undergraduate Program attracts most promising students. 

Approximately half the students enrolled during the past few 

years have scored among the top ten in their provinces on 

China’s College Entrance Exam. 

In the fall of 2009, SEM launched a new undergraduate 

curriculum, which highlights both general education and 

individualized development of each student. General 

education integrates value formation, skills development 

and attainment of core knowledge of human civilizations, 

stressing the importance of nurturing curiosity, imagination 

and critical thinking. Individualized development refers to not 

only personality up-bringing but also individualized education 

plans, such as the “honors programs” that offer three tracks 

of learning in academics, entrepreneurship and leadership for 

students in their junior and senior years. The new curriculum 

is geared to global needs of the future. It builds on the legacy 

of Tsinghua University, draws experience from top universities 

worldwide, and places the development of students at the 

center of the design. 

The School makes every effort to internationalize its 

undergraduate education. More than 50% of undergraduate 

courses are taught in English, and during the fall semester of 

their junior year over half of the students have the opportunity 

to go abroad as exchange students and study at world leading 

universities. Over half of all graduates choose to further study 

in China or abroad, among whom some start to pursue Ph.D. 

degrees at top overseas universities right after graduating 

from our undergraduate program. Those who choose to enter 

the professional arena can count on an average of more than 

two offers from prestigious financial services institutions, 

consulting firms, multinational companies, state-owned 

enterprises or government agencies. 

Majors 

The four-year Undergraduate Program opens to high school 

graduates in both science and humanities tracks. Students 

begin their studies with mainly general education courses in 

the first two years and then develop in more specialized areas 

in the following two years. Students may apply for one of the 

three majors below: 

Economics and Finance (including an insurance track) 

It gives students a systematic understanding of the theories 

and methodologies of finance and economics with an 

international perspective and a grasp of China’s situation. 

Graduates are capable of tackling practical issues in the 

economics and financial sector, and can communicate well 

in both Mandarin and English. This major prepares creative 

thinkers for careers in research, teaching, or economic analysis 

and management at financial institutions, enterprises or 

government agencies. 

Accounting 

It produces top accounting professionals fully in touch with 

international standards. In addition to a firm grasp of modern 

accounting, the major equips students with extensive general 

knowledge, Mandarin and English communication skills, and 

the abilities to innovate and analyze problems quantitatively. 

Graduates are prepared to expertly apply their knowledge of 

accounting to real-world issues in enterprise management and 

the capital market. 

Information Management and Information Systems 

It graduates multi-skilled management professionals with 

an international perspective and an innovative mindset. 

In addition to a solid grounding in mathematics and 

management, economic knowledge, strong Mandarin and 

English skills, students also gain mastery of information 

systems analysis and applied systems development techniques. 

This major prepares students for information management 

and analysis positions in both the corporate and government 

sectors.

35 

The Second Degree Program in Economics 

The Second Degree Program in Economics is a rigorous economics program offered to 

students from other schools of Tsinghua University. It aims to contribute to the economic 

and technological development of China by graduating multi-facet talents with solid 

knowledge in both economics and their own specialized areas. Since its inception in 

2006, it has attracted some of the most talented students at Tsinghua University. Some 

of the graduates continue to pursue master’s and doctoral degrees in the fields of 

economics and finance.

Master’s Programs 

36 



In the spring of 2010, the School launched the Master’s 

program reform. After the reform, the Master’s programs are 

reorganized into three types: the academic Master’s programs, 

the specialized Master’s programs and the general Master’s 

program. 

The Academic Master’s Programs 

・Masters in Economics 

・Masters in Management Science and Engineering 


These programs aim to educate talents for academic research. 

Besides the Masters in Finance program at SEM, the School 

also collaborates with Tsinghua University’s Graduate School 

at Shenzhen in providing Masters in Finance education. Both 

programs are the same in terms of curriculum and admissions 

requirements, as well as tuition fee, quality of teaching and 

degree accreditation, with the location of teaching being the 

only difference. 

・Masters in Accounting 


This program aims to train specialized experts with applied 

knowledge in accounting. Graduates mainly go to accounting 

firms and accounting units in renowned corporations. 


The academic programs have a curriculum that is in line with 

the Ph.D. curriculum in respective disciplines. Graduates can 

go on for doctoral studies in China or abroad. They can also 

work as researchers in academic institutes. 

The Specialized Master’s Programs 

・Masters in Finance 


This program aims to train specialized experts with applied 

knowledge in finance, preparing them for positions in 

domestic and international financial corporations, consulting 

companies as well as government regulatory institutions. 


This specialized program fosters students’ vision and 

innovative skills, encouraging their individual development 

with affluent academic and social resources. For example, the 

School assigns the student with two mentors: a SEM alumnus/ 

alumna, along with a professor of the SEM faculty to ensure 

the student can be guided and tutored both in academia and 

in career. 


The program is applied knowledge-oriented, nurturing both 

practical abilities and theoretical foundations of the student. 

It also provides various opportunities for students to meet 

and talk in person with accounting directors and partners of 

renowned accounting firms and corporations. 

The General Master’s Program 

・Masters in Management (MiM) 


As in the other two types of Master’s programs, this program 

also recruits pre-experience undergraduate graduates. It 

aims to nurture students’ analytical, general management 

and leadership skills, preparing them for managerial and 

leadership positions in corporations, government and nonprofit 

organizations. 


Tsinghua SEM’s Masters in Management (MiM) Program is 

the first MiM program in China. Integrated of four previous 

master’s programs in Business Strategy and Policy, Human 

Resources and Organizational Behavior, Marketing, as well as 

Innovation and Entrepreneurship, MiM is a general Master’s 

program with bilingual (Chinese and English) instructions.

37 

MiM students are expected to attain a systematic knowledge structure through a set of 

advanced economics and management courses. They learn in every aspect of economics 

and management, including applied economics, macro and micro finance, management 

fundamentals, leadership, ethics and communications. The curriculum demands 

profound analytical skills, highlighting intensified hands-on practice. 

In 2011, Tsinghua SEM joined the Global Alliance in Management Education (CEMS), 

becoming the first and the only Chinese business school with CEMS membership.

Doctoral Programs 

38 



From 2011, Doctoral Program applicants do not need to choose their supervisors in the application 

process. Decisions of supervisors are made after students have passed the comprehensive qualification 

exams. Students shall instead apply to eight doctoral degree programs, each affiliated to a department 

of the School: 

Accounting 

Business Strategy and Policy 

Economics 

Finance 

Human Resources and Organizational Behavior 

Innovation and Entrepreneurship 


Marketing 


The Doctoral Program aims to train highly competent academic research talents for universities, the 

government and other research institutions. 


The School fully builds on its multi-disciplinary advantage to nurture top academic talents in economics 

and management. From 2009 on, reforms have been implemented in different aspects of the program: 

doctoral candidates are required to present their research papers in seminars; year limit has been set 

for students to pass the doctoral comprehensive exams; the anonymous review to doctoral thesis was 

implemented; students are required to choose three faculty members as thesis advising committee after 

passing the comprehensive exams; the School also provides the opportunity for doctoral students to 

go on international exchanges in world famous research universities for a semester or a year. All of the 

above changes have been conducive to quality of the School’s doctoral education.

MBA Programs 

40 




The Tsinghua MBA Programs aim to educate future leaders 

with general management capabilities. 

Program Overview 

Tsinghua MBA Programs now offer an International MBA 

Program (taught in English, full-time), a full-time MBA 

Program and a part-time MBA Program. 

Tsinghua MBA Programs have adopted a new curriculum 

since fall 2009. An admissions reform in line with the new 

curriculum was also initiated in July 2010. The revised 

curriculum does not only attach great importance to a 

solid foundation in knowledge, but also stresses general 

management capabilities, morality and professional ethics. 

The framework of the new curriculum consists of a redesigned 

core curriculum and enriched extra-curricular activities. 

Tsinghua MBA students are able to build up a complete 

knowledge system and essential management capabilities 

through the new core curriculum. At the same time, they can 

broaden their vision and networks by participating in extracurricular 

events such as student events, practice projects, 

company visits, business case competitions, international 

exchange programs and the Alumni Mentorship Program. 


Innovative Curriculum 

There are five required modules in the new core curriculum 

of Tsinghua MBA: “ethics and soft skills”, “analytical 

foundations”, “management fundamentals”, “China and the 

world” and “integrative practice”. These modules are designed 

to help students acquire knowledge, build capabilities and 

strengthen integrity through learning and practice. Together, 

they constitute a new core curriculum that allows students to 

excel in “being”, “knowing”, and “doing”. 

Admissions Reform 

Compatible with the curriculum reform, major changes were 

made in terms of MBA admissions standards and procedures. 

For one thing, the Programs now judge prospective students 

mainly based on their comprehensive capabilities and potentials. 

The admissions faculty and staff will carefully examine 

applicants’ documents and conduct face-to-face interviews, 

therefore considering each in a more holistic way. 

Meanwhile, as for the admissions procedure, application 

review and interviews will take place before the traditional 

written test. The admission committee will make conditional 

admissions after the review and interview phase, and these 

conditional admissions automatically become final admission 

when the applicants attain the passing score in the national 

MBA entrance test required by all MBA applicants in China. 

Rich Learning Resources 

There are more than 100 MBA courses (more than 1/3 taught 

in English) with over 100 seminars and forums each year. 

Case studies are frequently adopted in MBA courses, thereby 

linking theory and practice. The “China Business Case Center” 

established by Tsinghua SEM is co-directed by Professor 

Warren McFarlan, former Senior Associate Dean of Harvard 

Business School. Tsinghua SEM has also obtained full access 

to the cases of Harvard Business School and of the Richard 

Ivey School of Business in Canada. 

Diverse International Cooperation 

Currently, Tsinghua MBA Programs have built up student 

exchanges with 60 top business schools globally. Tsinghua 

MBA Programs host about 100 incoming exchange students 

every year while the partner schools accept an equivalent 

number of Tsinghua MBA students to go abroad to study for 

one semester. 

Outstanding Alumni Network 

As of July 2011, there are 7,269 Tsinghua MBA alumni all 

over the world in a variety of industries. The strength of the 

alumni community derives from the strong sense of belonging 

within Tsinghua MBA Programs. The Alumni Association and 

the Alumni Mentorship Program of Tsinghua MBA bridges 

alumni with current MBA students, providing constant advice 

and support. 

Extensive Club Activities 

MBA students can also expand their knowledge and network 

in more than twenty alumni associations and clubs in various 

areas, including finance, entrepreneurship, investment, human 

resources, management consulting and real estates.

41 

International MBA (IMBA) Program 

Launched in 1996, Tsinghua IMBA Program is a collaborative program between Tsinghua 

SEM and MIT Sloan School of Management. In the 2011 fall semester, international 

students make up 47% of the 122 IMBA students. In addition, the IMBA Program has 

developed applied learning programs with the Stanford Graduate School of Business 

(Stanford-Tsinghua Exchange Program, STEP), with MIT Sloan (China-Lab) and with 

Pontificia Universidad Católica de Chile (Doing Business in China/Chile). After one year in 

Tsinghua, students can also choose to apply for the MIT-Tsinghua MBA/MS Dual Degree 

or the Tsinghua-HEC Dual Degree MBA Program. Meanwhile, students can obtain crosscultural 

experience and global perspectives by participating in Tsinghua-MBA-on-the- 

Road overseas study trips to places such as Japan, India, and Hong Kong.

EMBA Programs 

42 




Tsinghua Executive MBA Programs are committed to training 

the business leaders who will shape the future of China’s 

corporations. Designed to integrate cutting-edge international 

management theory with conditions in China, the EMBA 

Program aims to train innovative executives who will be 

competitive in the global arena. 


Breaking free from the traditional mode of EMBA education, 

the EMBA Program integrates state-of-the-art international 

management theory with conditions in China. A curriculum 

heavy on business case analysis, simulations, teamwork 

and field study boosts students’ overall management skills. 

Our unique "mobile campus" takes participants to local 

enterprises, where EMBA candidates apply their own onthe-job 

experience along with the cutting-edge theoretical 

knowledge of the classroom to create strategies in real-world 

settings. 

Since its inception in 2002, the Program has enrolled over 

3,600 students, making it one of the largest in China. It draws 

most of the student body from executives at leading stateowned 

enterprises, domestic private businesses, multinational 

corporations and governmental officials. 84% of EMBA 

students are at or above the assistant general manager level 

and over 58% are presidents or general managers. Most work 

in enterprises worth RMB one billion or more. 

Since 2003, EMBA students have been travelling to learn from 

the world’s top management experts at leading international 

schools such as MIT Sloan and London Business School. The 

Program also receives regular visits from EMBA students at 

London Business School, HEC Paris and other top schools. 

Under the Global Leadership Program set up by former 

Goldman Sachs President John L. Thornton, business and 

political leaders from China and abroad are invited into the 

classroom as guest lecturers. This adds a new dimension to 

the Program’s international vision. 

Alumni Network 

Alumni are an important resource for the Program. In 

addition to maintaining connections between classmates, 

student associations constitute a significant added value in 

today’s knowledge economy, allowing EMBA students to 

communicate and continue learning long after they leave the 

Tsinghua campus. As of August 2011, 27 local EMBA student 

associations had taken shape in Liaoning, Inner Mongolia, 

Tianjin, Shaanxi, Shandong, Hunan, Henan, Heilongjiang, 

Jiangsu, Taiwan, Yunnan, Zhejiang, Anhui, Sichuan, Xinjiang, 

Guizhou, Jilin, Hebei, Shanghai, Shanxi, Hubei, Shenzhen, 

Guangdong, Hong Kong, Macau, Beijing, Fujian and 

Chongqing. Alumni also have the opportunity to study and 

connect through the Program’s continued learning Seminar on 

Chinese Culture. 

Tsinghua-INSEAD Dual Degree Executive MBA 

Tsinghua-INSEAD Dual Degree Executive MBA Program, 

taught exclusively in English, was jointly launched by Tsinghua 

SEM and INSEAD in 2007, aiming to build a truly international 

EMBA Program. It combines international business education 

with a focus on Asia and exposure to China. With years of 

successful operation, the Program has in total enrolled 207 

participants from 32 countries. 

The Program enjoys a pioneering equal partnership that 

integrates the local advantages of Tsinghua and the 

diversified perspectives of INSEAD, as well as a joint faculty 

from top Chinese and international business schools that 

combines western and eastern management wisdoms. It 

places leadership development as the highlight throughout 

the Program, with intensive personalized coaching to meet 

individual needs. By becoming an alumnus of both esteemed 

schools, graduate secures an exceptional opportunity to build 

a lifelong professional network of high achievers spanning the 

continents. 

In 2005, the Program achieved outstanding results in the first 

official evaluation of EMBA programs by the Academic Degree 

Committee under the State Council. Manager magazine 

ranked Tsinghua EMBA Program No.1 in its list of "China's 

Best EMBA Programs” consecutively in 2007, 2009 and 2011.

Executive Education 

44 




Committed to high standards, professionalism and an international perspective, the Program provided 

executive education for senior managers in corporations and the government sector. 

Program Overview 

With support from the Advisory Board, Tsinghua SEM established its Program of Executive Education 

in late 2001. The Program integrated the non-degree and certificate programs, incorporating them 

into the School’s overall curriculum to create open enrolment programs as well as customization 

programs designed for large and small corporations. 

Executive Education builds on management theories and education methods on a global scale, as well 

as Chinese business practice, establishing an executive education system with striking features. Up to 

now, Executive Education has offered more than 700 programs. Approximately 40,000 alumni have 

gone on to contribute to reform and economic development in China and throughout the world. 

Tsinghua SEM has partnered with Harvard Business School, Yale University, Stanford University, 

HEC Paris, Institut Français de la Mode and Babson College on a number of international programs. 

Executive Education is becoming a platform where Chinese and international business leaders gather 

to learn and connect with their peers.

▎Research 

46 



Research Overview 

Research is vital to the School, keeping 

both the faculty and students at the 

cutting edge of knowledge development. 

Throughout our history of over twenty 

years, Tsinghua SEM has been working 

to build stronger scholarship. Research 

is conducted in two broad disciplines, 

economics and management. Based on its 

own academic and economic priorities, as 

well as teaching and research, the School 

has also actively pursued applied research 

in areas relevant to the government and 

corporate sectors. Excellent research 

capability has made SEM one of the 

leading business schools in the nation. 

First-tier Disciplines 


Business Administration 

Theoretical Economics 

Applied Economics 

National Priority Disciplines 

Management Science and Engineering (first-tier) 

Business Administration (first-tier) 

Econometrics (second-tier) 

Research Projects 

As of September 2011, Tsinghua SEM had undertaken 

253 research projects funded by the National Natural 

Science Foundation of China and over 400 longitudinal 

studies for a variety of national ministries and 

commissions. Tsinghua SEM had led one major project 

under the National Natural Science Foundation, one 

under the National Social Science Fund, and also assisted 

in two studies under the Fund for Creative Research 

Group, six under the China National Science Foundation 

for Distinguished Young Scholars. 

During the past few years: 

National Natural Science Foundation: Average over 20 

projects per year 

National Social Science Fund: Average 2 projects per year 

National Strategic and Soft Sciences Projects: Average 5 

projects per year 

National Research Centers 

National Philosophy and Social Sciences Innovation Base 

・Research Base for Contemporary Management and 

Technological Innovation 

Key Research Institute of Humanities and Social Sciences 

at Universities 

・Research Center for Contemporary Management 

・Research Center for Technological Innovation 

Publications 

Papers: Average over 300 per year 

Books: Average over 40 per year

Major Research Projects 

Principle Investigator Project Title Project Type Starting Year 

Chen, Guoquan Research on Business Organization Management System Science Fund for Creative Research Groups 2012-01-01 

and its Transformation under a Complex and Changing under National Natural Science Foundation 

Environment 

of China 

Chen, Guoqing The Growth Patterns and Key Factors for SMEs on Major International (regional) Joint Research 2012-01-01 

Emerging e-Business Platforms 

Project under National Natural Science 

Foundation of China 

47 

Li, Hongbin Economic Analysis and Policy Study on the Gender Ratio Projects under National Science Fund for 2011-01-01 

Imbalance 

Distinguished Young Scholars and National 

Natural Science Foundation of China 

Bai, Chong-en Chinese Citizens' Income Distribution Mode and Reform Major Projects under National Social Science 2010-11-20 

Scheme during the Twelfth Five-year Plan 

Fund 

Chen, Guoqing Research on Major Fundamental and Technological Major Projects under National Natural 2009-01-01 

Issue in Emerging E-Business 

Science Foundation of China 

Huang, Jinghua Research on the Information Systems Adoption, Key Projects under National Natural Science 2009-01-01 

Diffusion and Business Value 


Li, Zinai The Study about the Methodology Foundation of Key Projects under National Social Science 2008-06-30 

Econometric Models 

Fund of China 

Yang, Baiyin A Multi-level Study of the Impacts of Organizational Projects under National Science Fund for 2008-01-01 

Culture on Employees' Creativity and Organizational Distinguished Young Scholars and National 

Innovativeness 


Tong, Yunhuan Study on BOP Market Oriented Technology and Business Major International Projects under National 2008-01-01 

Innovation Models 


Bai, Chong-en A Study on Government Welfare Expenditure Projects under National Science Fund for 2007-01-01 

Distinguished Young Scholars and National 


Chen, Guoquan The Study on the Theory and Practice of Leader's Projects under National Science Fund for 2007-01-01 

Individual Learning, Team Learning and Organizational Distinguished Young Scholars and National 

Learning in Chinese Companies 


Zhao, Ping Research on Chinese Brand Development and Innovation Key Projects under National Natural Science 2007-01-01 


Zhao, Chunjun Research on Theory and Practice of Chinese Enterprises Special Projects of the State Council 2006-01-01 

Management 

Liu, Liwen Logistics Service Models and Operation Strategies Key Projects under National Natural 2006-01-01 

Science Foundation of China 

Wu, Guisheng Research on Endogenous Innovation Strategy and its Strategic Projects in Philology and Social 2005-12-20 

Influence on International Competitiveness 

Sciences, Ministry of Education 

Bai, Chong-en A Study on the Policies to Promote the Development of Strategic Projects of National Development 2005-08-20 

the Services Sector 

and Reform Commission 

Chen, Jian Studies on Supply Chain Management and its Science Fund for Creative Research Groups under 2004-01-01 

Applications Based on Information Technology 

National Natural Science Foundation of China 

Chen, Guoqing Studies on Internet-based Management Information Key Projects under National Natural Science 2003-01-01 

Systems 


Tong, Yunhuan Study on Evaluation of Application Oriented Technology: Key Projects under National Natural Science 2003-01-01 

Theory and Methods 

Foundation of China

48 



Selected Papers Published in International Journals in 2010 

Department Authors Paper Title Journal 


Li, Dan 

Does Auditor Tenure Affect Accounting 

Conservatism? Further Evidence 

Journal of Accounting 

and Public Policy 

Department of Business 

Strategy and Policy 

Yan, An; Yang, Zaihui; 

Jiao, Jie 

Conglomerate Investment under Various Capital 

Market Conditions 

Journal of Banking & 

Finance 

Bai, Chong-en; 

Qian, Yingyi 

Infrastructure Development in China: The Cases 

of Electricity, Highways, and Railways 

Journal of Comparative 

Economics 

Liu, Qing; Shi, Shouyong 

Currency Areas and Monetary Coordination 

International Economic 

Review 


Wang, Shaoping; Wang, 

Peng; Yang, Jisheng; 

Li, Zinai 

A Generalized Nonlinear IV Unit Root Test for 

Panel Data with Cross-sectional Dependence 

Journal of Econometrics 

Park, Albert; Yang, 

Dean; Shi, Xinzheng; 

Jiang, Yuan 

Exporting and Firm Performance: Chinese 

Exporters and the Asian Financial Crisis 

Review of Economics and 

Statistics 

Li, Hongbin; Rosenzweig, 

Mark; Zhang, Junsen 

Altruism, Favoritism, and Guilt in the Allocation 

of Family Resources: Sophie's Choice in Mao's 

Mass Send Down Movement 

Journal of Political 

Economy

Department Authors Paper Title Journal 

49 

Lu, Zhongjin; Zhu, Yingzi 

Volatility Components: the Term Structure 

Dynamics of VIX Futures 

Journal of Futures 

Markets 


Dewenter, Kathryn L.; 

Han, Xi; Malatesta, Paul H. 

Firm Values and Sovereign Wealth Fund 

Investments 

Journal of Financial 

Economics 

Department of 

Human Resources and 

Organizational Behavior 

Ma, Li; Qu, Qing 

Differentiation in Leader-Member Exchange: A 

Hierarchical Linear Modeling Approach 

Leadership Quarterly 

Li, Xibao; Wu, Guisheng 

In-house R&D, Technology Purchases and 

Innovation: Empirical Evidence from Chinese Hi- 

Tech Industries 1995-2004 

International Journal of 

Technology Management 

Department of Innovation 

and Entrepreneurship 

Gao, Xudong; Yu, Jiang; 

Li, Mingfang 

Developing Effective Strategies to Address 

Complex Challenges: Evidence from Local Hightech 

Firms in China 



Liu, Jingjiang; Wang, Yi; 

Zheng, Gang 

Driving Forces and Organisational Configurations 

of International R&D: the Case of Technologyintensive 

Chinese Multinationals 



Xiao, Yongbo; Chen, 

Jian; Lee Chung-Yee 

Single-Period Two-Product Assemble-to-Order 

Systems with a Common Component and 

Uncertain Demand Patterns 

Production and 


Department of Management 


Cai, Xiaoqiang; Chen, 

Jian; Xiao, Yongbo; 

Xu, Xiaolin 

Optimization and Coordination of Fresh Product 

Supply Chains with Freshness-Keeping Effort 

Production and 


Huang, Zi; Hu, Bo; 

Cheng, Hong; Shen, 

Hengtao; Liu, Hongyan; 

Zhou, Xiaofang 

Mining Near-duplicate Graph for Cluster-based 

Reranking of Web Video Search Results 

ACM Transactions on 

Information Systems

Tsinghua Business Review 

50 

Tsinghua Business Review, a bi-monthly magazine in Chinese, published by Tsinghua SEM under the administration 

of Tsinghua University and the Ministry of Education, aims to guide transformations with excellent ideas, as well as to 

disseminate management wisdoms and practical knowledge of specialists in different areas of business administration. 

Tsinghua SEM Dean QIAN Yingyi serves as the Chief Editor of the magazine. 



The launching ceremony of Tsinghua Business Review was held upon Tsinghua Centennial Celebration in April, 2011. 

China Business Case Center 

Tsinghua SEM is China’s first school in business case education. Aiming at gathering management wisdoms and 

promoting academic innovation, China Business Case Center (CBCC) of SEM is a specialized research and academic 

service institution on business case research and development, and database construction. In the previous decade, 

over 400 cases had been collected by CBCC, ranging from a variety of areas, such as innovation, entrepreneurship, 

accounting, finance, operations management, human resources, project management, marketing, general 

management and etc. 

In 2009, Professor F. Warren McFarlan, Former Senior Associate Dean of Harvard Business School, began to serve 

as the Co-Director of CBCC. In 2011, the Center launched a strategic partnership with Harvard Business School 

Publishing (HBSP) and European Case Clearing House (ECCH) respectively to promote Chinese business cases 

worldwide. Tsinghua SEM is the first business school on the Chinese mainland that has reached a cooperative 

agreement with HBSP and has its cases released online through HBSP’s website. In 2011, HBSP included into Harvard 

case materials eight cases submitted by CBCC. The publishing is a significant step for the internationalization of 

Tsinghua business cases.

Research Support 

Information Technology and Services Platform 

The School initiated a new IT strategy at the end of 2009. Until now the first two phases 

of development have been completed. World-renowned software packages have been 

chosen as the technical solution and a professional team was built for implementation. The 

new IT system aims to provide a user-friendly platform of knowledge exchange, resources 

sharing and effective communication. It strictly accords with the overall goal of the whole 

IT strategy: to prioritize the need of faculty and students, and to provide comprehensive 

information service for professors, students, alumni and partners. 

51 

The Information Technology and Services Platform provides efficient, cost-effective 

technology to support teaching, research, administration and communication at Tsinghua 

SEM. Internet access is now available throughout both administrative buildings, with 

wireless service in all classrooms and most public areas. Many students and teachers 

communicate outside the classroom via online discussion boards, and a teleconferencing 

system offers students more opportunities to connect directly with renowned international 

scholars. We also provide authorized software support for teaching and research with 

programs such as SPSS and SAS. 

Library 

Established in 1985, the School’s library has a floor area of 900 square meters and 

a collection of over 100,000 Chinese-language books on economics and business 

administration, along with more than 10,000 foreign-language titles. Approximately 

6,000 new books are added to the collection annually. In addition, the School invests 

heavily each year in subscriptions to leading Chinese and international journals as well as 

influential newspapers and magazines in the financial and economical sectors. The library 

currently subscribes to 600 periodicals, 160 of them in foreign languages. In recognition 

of the growing trend towards digitalization, the university library has attained access to 

top level databases of economics and management: Blackwell, EBSCO, Elsevier, JSTOR, 

OCLC, Springer and SAGE. The School library has also joined the university library in 

purchasing PROQUEST, EMERALD and others. In the summer of 2009, two databases, 

WIND and CSMAR, were bought by the School. In 2010, SEM joined the university library in 

purchasing EPS, RESET, BVD and others. In 2011, MacroChina Industries Database was also 

bought by the School. 

Laboratories 

E-Business Laboratory 

Management Information System Laboratory 

Enterprise Resource Planning (ERP) Laboratory 

Behavior and Communication Laboratory

52 

▎International 

Collaborations 



Participation in Major International Associations 

AACSB 

2002 Tsinghua SEM obtains membership of The Association to Advance Collegiate Schools of 

Business (AACSB) 

2007 Tsinghua SEM achieves AACSB accreditation, becoming the first School on the Chinese 

mainland with AACSB accreditation 

2008 Dean QIAN Yingyi serves on the Board of Directors of AACSB 

2010 Dean QIAN Yingyi serves on AACSB Blue Ribbon Committee on Accreditation 

2011 Dean QIAN Yingyi serves as Chair of the Asia-Pacific Advisory Council of AACSB 

AAPBS 

CEMS 

EFMD 

GMAC 

PIM 

2004 Tsinghua SEM participates in initiating the Association of Asia-Pacific Business Schools (AAPBS) 

2005 Tsinghua SEM hosts the first annual conference of AAPBS 

2008 Dean QIAN Yingyi serves as President of AAPBS 

2006 Tsinghua SEM becomes an Associate Academic Member of the Community of European 

Management Schools (CEMS) 

2011 Tsinghua SEM joins CEMS, becoming the only Chinese school with CEMS membership 

2006 Tsinghua SEM obtains the membership of the European Foundation for Management 

Development (EFMD) 

2008 Tsinghua SEM is awarded EQUIS accreditation by EFMD, becoming the first School on the 

Chinese mainland with EQUIS accreditation 

2009 Dean QIAN Yingyi serves on the EQUIS accreditation committee 

2008 Tsinghua SEM obtains the membership of the Graduate Management Admission Council (GMAC) 

2005 Tsinghua SEM becomes a formal member of the Partnership in International Management (PIM) 

2010 Associate Dean CHEN Guoqing serves as PIM Asia & Asia Pacific Chair 

In-depth Cooperation with World's Leading Business Schools 

HBS 

HEC Paris 

INSEAD 

MIT Sloan 

Stanford GSB 

Wharton 

2001 Tsinghua SEM partners with Harvard Business School in launching the Advanced Management 

Training Program 

1998 Tsinghua SEM partners with HEC Paris in faculty exchange program, advanced training 

program and MBA dual degree program 

2006 Tsinghua SEM partners with INSEAD in launching Tsinghua-INSEAD Dual Degree EMBA Program 

1996 Tsinghua SEM partners with MIT Sloan School of Management in launching the International 

MBA Program 

2005 Tsinghua SEM partners with Stanford Graduate School of Business in launching Stanford 

Tsinghua Exchange Program (STEP) 

1997 Tsinghua SEM partners with the Wharton School of the University of Pennsylvania in faculty 

exchange program 

2010 Tsinghua SEM partners with the Wharton School in student exchange program

53 

Extensive Student Exchange Network 

Students of Tsinghua SEM have abundant opportunities to expand their international horizons through extensive 

student exchange network that Tsinghua SEM has established with a number of overseas leading institutions. As 

of 2010, Tsinghua SEM has signed agreements on student exchange programs with 99 overseas institutions. The 

exchange studies are tuition-free with mutual-recognition on credits. In 2010, the School provides more than 

300 study-abroad opportunities and has received more than 330 exchange students from overseas universities. 

A Partial List of the Institutions that Signed Agreements on 

Exchange Programs with Tsinghua SEM 

North America 

・Babson School of Business 

・Columbia University 

・Cornell University (Johnson) 

・Duke University (Fuqua) 

・MIT (Sloan) 

・New York University (Stern) 

・Northwestern University (Kellogg) 

・Queen's University 

・Stanford University 

・UC Berkely (Haas) 

・UCLA (Anderson) 

・University of Michigan (Ross) 

・UNC-Chapel Hill (Kenan-Flager) 

・University of Pennsylvania (Wharton) 

・University of Toronto (Rotman) 

・University of Western Ontario (Ivey) 

・Yale University 

Latin America 

・FGV-EAESP 

・Pontificia Universidad Catolica de Chile 

Europe 

・Bocconi University 

・Copenhagen Business School 

・ESSEC 

・HEC Paris 

・Helsinki School of Economics 

・Instituto de Empresa Business School 

・Katholieke Universiteit Leuven 

・ESADE Business School 

・St. Petersburg University 

・Norwegian School of Economics and 

Business Administration 

・University of Cologne 

・University of Zurich 

・Vienna University of Economics 

and Business Administration 

Africa 

・University of the Witwatersrand 

Asia-Pacific 

・Chinese University of Hong Kong 

・Hong Kong University of Science and 

Technology 

・Indian Institute of Management 

Bangalore 

・Indian School of Business 

・Keio University 

・Nanyang Technological University 

・National Taiwan University 

・National University of Singapore 

・Seoul National University 

・Thammasat Business School 

・University of Auckland 

・University of Melbourne 

・University of Sydney 

・Waseda University

54 


Tsinghua University

▎Alumni 

During the past three decades, Tsinghua SEM has graduated more than 18,000 students in degree 

programs, and also provided more than 40,000 students with non-degree courses. Tsinghua SEM 

alumni have made exceptional contributions to the development of the School, to their specialized 

industries, and to the economic growth in China and the world. 

55 

Supported by the online alumni interface and database, the School organizes class reunions, forums, 

lectures, reports, seminars, and also initiates alumni associations and clubs. In such ways, Tsinghua 

SEM has created opportunities for its graduates to expand knowledge and network, build partnerships 

and further careers. 

At present, there are Tsinghua SEM alumni associations in Shanghai, Shenzhen, Shenyang and other 

cities; as well as in Sichuan, Shandong and other provinces. More than 30 alumni clubs in areas such 

as finance, real estate, automobile and entrepreneurship have been hosting frequent events. 

Upon the annual Advisory Board Meeting of Tsinghua SEM held in each October, the School invites a 

number of SEM alumni to have lunch together with the Advisory Board members. This event is one of 

the highlights among various SEM alumni activities. 

Tsinghua SEM also hosts regular regional alumni days. For example, from October 2010 to February 

2011, three alumni day events for Beijing, the Yangtze River Delta and the Pearl River Delta were held 

respectively. Present at the events were all the members of the Deans’ Council of the School, SEM 

alumni and other guests. During the events, Dean QIAN Yingyi made reports on the development 

of the School. Alumni guests participated in panel discussions on different topics. The School will 

continue to host regional Alumni Day events on a regular basis.

▎Tsinghua University 

Centennial Celebration 

56 During the Centennial Celebration of Tsinghua University from April 23 to 24, 2011, SEM received nearly 4,000 

alumni across the country and from overseas. A series of 15 events were held to celebrate Tsinghua centenary. 



Founding Dean ZHU Rongji Comes Back to SEM 

Professor ZHU Rongji, Founding Dean of Tsinghua SEM, former Premier of the State Council, visited Tsinghua 

SEM on April 22, 2011 upon the 100th anniversary of Tsinghua University. Thousands of faculty and students 

gathered at SEM to welcome ZHU Rongji, who had been heading the School for seventeen years since its 

establishment. 

A meeting was held to allow open communication between ZHU Rongji and students. At the meeting, ZHU 

Rongji started with conferring an inaugural certificate to the first speaker of CHEN Daisun Memorial Lecture 

in Economics: Eric S. Maskin, 2007 Nobel Prize in Economics Laureate. Later on, eight students from different 

programs of SEM talked about their study experience, achievements and career plans. 

At the meeting, ZHU Rongji also donated to the School library his signatured book ZHU Rongji in Press 

Conference in four versions, and a set of his new four-volume book ZHU Rongji Speech Records. On September 8, 

at the official press conference of Zhu Rongji Speech Records, 500 sets of the book were donated to Tsinghua 

SEM on behalf of ZHU Rongji. 

Celebration Held for the 85th Anniversary of the Department of Economics 

On April 22, 2011, the inaugural speech of Chen Daisun Memorial Lecture in Economics took place in the 

auditorium of Tsinghua SEM. The first speaker was Eric Maskin, 2007 Nobel Laureate in Economics. The topic of 

his speech was “Financial Crisis: Why They Occur and What to Do about Them.” The lecture series were initiated 

as a celebration for the 85th anniversary of the founding of the Department of Economics, the predecessor of 

Tsinghua SEM. It was named after economist CHEN Daisun, Chair of the Department of Economics, from 1928 

to 1952. 

In addition, a book titled The 85th Anniversary of the Tsinghua Department of Economics, edited by Professor 

BAI Chong-en, Chair of the Department of Economics, was officially published. SEM Dean QIAN Yingyi wrote 

the preface for this book. 

The 16th World Congress of International Economic Association Held at Tsinghua 

During July 4-8, 2011, hosted by Tsinghua SEM, the 16th World Congress of International Economic Association 

(IEA) was held. For the first time, IEA’s triennial World Congress takes place in China. 

The International Economic Association was founded in 1950 as a Non-Governmental Organization at the 

instigation of the Social Sciences Department of UNESCO. More than 800 renowned economists from all 

over the world joined the 16th World Congress. Professor Masahiko Aoki, President of IEA, and Professor 

Joseph Stiglitz, President-Elect of IEA, 2001 Nobel Laureate in Economics, both appreciated Tsinghua SEM’s 

achievements in academia and efforts in hosting the 16th World Congress of IEA.



Beijing 100084 China 

Tel: (8610) 6278 5515 

Fax: (8610) 6278 5876 

www.sem.tsinghua.edu.cn

SEM Brochure

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