Theodore.Xu@unisa.edu.au
Dr Lei Xu is Senior Lecturer in Finance at the University of South Australia. Dr Xu holds a PhD in Finance from the University of South Australia, while also bringing to his teaching and research practical experience in banking, including roles at the Bank of China and China Merchants Bank. He is an accomplished academic who has made significant contributions through his innovative teaching, expertise in and application of a wide set of research methodologies, and advancement of the field of finance research. Dr Xu is widely recognised for his expertise in the discipline and is in high demand as a PhD supervisor and examiner. The combination of academic and practical experience enables Dr. Xu to bring unique and practical perspectives to... Read more
About me
Dr Lei Xu is Senior Lecturer in Finance at the University of South Australia. Dr Xu holds a PhD in Finance from the University of South Australia, while also bringing to his teaching and research practical experience in banking, including roles at the Bank of China and China Merchants Bank. He is an accomplished academic who has made significant contributions through his innovative teaching, expertise in and application of a wide set of research methodologies, and advancement of the field of finance research. Dr Xu is widely recognised for his expertise in the discipline and is in high demand as a PhD supervisor and examiner. The combination of academic and practical experience enables Dr. Xu to bring unique and practical perspectives to his teaching and research, as he can draw on his wealth of experience to provide valuable insights into the field of finance. His ability to bridge the gap between academic theory and practical application has made him an exceptional teacher and a valuable resource for students. Dr Xu has been a visiting academic teaching into graduate programs in China, Europe, the UK, and Australia.
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Dr. Xu’s research interests are diverse and encompass a range of topics in finance, including banking, corporate governance, financial markets, financial systems, and FinTech. Dr. Xu has published extensively on topics within these areas in both prestigious international and national journals and with quality book publishers. As testament to his research skills and expertise, Dr. Xu has over 50 high-quality authored and co-authored publications. His reputation as an active researcher in the field is further cemented by his role as Editor-in-Chief of Economics & Politics, an ABDC A-ranked journal. Dr. Xu is frequently invited to present at international conferences and seminars, to review for quality peer reviewed journals publishing in the areas of accounting, corporate governance, economics, finance, and management, and to undertake contract research.
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In addition to his academic activities, Dr Xu is an active member of various boards and committees at the University of South Australia, including the Research Integrity Committee, UniSA Business Academic Unit Board, and UniSA Business Safety and Wellness. He is also an Executive of the Association of Overseas Chinese Professionals in South Australia and a Justice of Peace for South Australia. His involvement in these organizations is a testament to his commitment to community service and his desire to provide meaningful contributions to society beyond his academic activities.
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About me
| Date | Title |
|---|---|
| 09/05/2018 |
The difference between Australian budget and US, https://www.sbs.com.au/yourlanguage/mandarin/zh-hans/audiotrack/difference-between-australian-budget-and-us?language=zh-hans |
| 07/10/2011 |
Media Comments over Wall Street Protests at SBS Mandarin Channel , http://www.sbs.com.au/chinese/audio/187743/ |
About me
Doctor of Philosophy (Management) University of South Australia
Master of Business Administration Shandong University
Graduate Diploma in Education Studies (Digital Learning) University of South Australia
Bachelor of International Business Shandong Institute of Technology
Senior Lectuer in Finance, UniSA Business, University of South Australia
Senior Lecturer in Finance, School of Commerce, University of South Australia
Lecturer in Finance, School of Commerce, University of South Australia
Lecturer in Finance, University of Adelaide
Casual Lecturer at Various Universities
Bank Officer, China Merchants Bank
Bank Officer, Bank of China
Continuing Research Projects
- Banking and Shadow Banking
- Financial System and Reforms
- State-owned Enterprise Performance and Reforms
Refereed Journal Publications (recent 3 yrs)
Xu, L., Ma, C., Li, B., Guo, F., 2023, Green loans and the transformation of heavy polluters: Evidence from China, Journal of Economics and Finance, online 1-28.
Wu, L., Xu, L., Jiang, P., 2023, State-owned venture capitals and bank loans in China, Pacific-Basin Finance Journal, vol 77, 101923.
Xu, L., Liu, Q., Li, B., Ma, C., 2022, Fintech business and firm access to bank loans, Accounting & Finance, vol 62, no. 4, 4381-4421.
Dong, S., Xu, L., and McIver, R., 2022, Sustainability reporting quality and the financial sector: Evidence from China,... Read more
Research
Excludes commercial-in-confidence projects.
TiME 2.7.3: Mining Sector Natural Capital Accounting System: BHP Olympic Dam Case Study, CRC for Transformations in Mining Economies, 31/10/2022 - 31/07/2023
CRC, 2022-2023, Project: Mining sector natural capital accounting system: BHP Olympic Dam case study, AUD1,400,000 (with W. Mackay, W. Qian, R. McIver, and C. Regan);
Government of South Australia Department of Treasury & Finance, 2021-2022, AU$146,136, Project: Aspire Social Impact Bond (with I. Goodwin-Smith, S. Tually, H. Barrie);
UniSA Teaching & Learning, 2020-2022, AU$20,000, Project: Virtual tour of the old treasury (with S. Chou, and R. McIver);
UniSA Business, 2018-2019, AU$9,982.50, Project: Political connections and corporate governance of listed firms in China;
UniSA School of Commerce, 2018-2019, AU$5,000, Project: Combined debt-equity financing in China;
Australian Centre of Financial Studies, 2017-2019, AU$10,000, Project: Volatility connectedness between equity index sectors: Dynamics within the ASX(with R. McIver);
Accounting & Finance Association of Australia and New Zealand, 2015-2016, AU$1,500, Project: China’s Credit Growth: Boom, Bubble, and Burst (with R. McIver);
UniSA Small Research Grant, 2013-2014, AU$3,900, Project: The impact of corporate governance characteristics on firm performance: China’s real estate sector.
Research
Research outputs for the last seven years are shown below. To see earlier years visit ORCID, ResearcherID or Scopus
Open access indicates that an output is open access.
| Year | Output |
|---|---|
| 2022 |
|
| 2022 |
|
| 2022 |
|
| 2021 |
|
| 2021 |
|
| 2021 |
|
| 2021 |
|
| 2021 |
|
| 2021 |
|
| 2019 |
Open access
|
| 2018 |
1
|
| 2018 |
1
|
| 2017 |
|
| 2016 |
|
| 2008 |
1
|
| Year | Output |
|---|---|
| 2023 |
Open access
1
1
|
| 2023 |
|
| 2023 |
Open access
3
2
|
| 2022 |
Open access
1
|
| 2022 |
Open access
15
10
3
|
| 2022 |
2
2
|
| 2022 |
1
|
| 2021 |
Open access
6
|
| 2021 |
Open access
7
4
|
| 2021 |
Open access
17
16
|
| 2021 |
Open access
3
3
1
|
| 2020 |
13
12
|
| 2020 |
Open access
28
28
1
|
| 2020 |
Open access
12
11
|
| 2020 |
Open access
16
14
|
| 2020 |
Open access
15
13
|
| 2020 |
Open access
17
17
1
|
| 2019 |
Open access
30
29
|
| 2018 |
Open access
4
4
|
| 2016 |
Open access
39
27
|
| 2016 |
Open access
13
10
|
| 2015 |
16
14
|
| 2015 |
Open access
9
6
|
| 2014 |
Open access
1
|
| 2012 |
7
7
|
| 2012 |
20
15
|
| 2012 |
16
|
| 2011 |
|
| 2010 |
Open access
|
| Year | Output |
|---|---|
| 2012 |
Open access
|
| 2011 |
Open access
|
| 2011 |
|
Research
Continuing Research Projects
- Banking and Shadow Banking
- Financial System and Reforms
- State-owned Enterprise Performance and Reforms
Refereed Journal Publications (recent 3 yrs)
Xu, L., Ma, C., Li, B., Guo, F., 2023, Green loans and the transformation of heavy polluters: Evidence from China, Journal of Economics and Finance, online 1-28.
Wu, L., Xu, L., Jiang, P., 2023, State-owned venture capitals and bank loans in China, Pacific-Basin Finance Journal, vol 77, 101923.
Xu, L., Liu, Q., Li, B., Ma, C., 2022, Fintech business and firm access to bank loans, Accounting & Finance, vol 62, no. 4, 4381-4421.
Dong, S., Xu, L., and McIver, R., 2022, Sustainability reporting quality and the financial sector: Evidence from China, Meditari Accountancy Research, online 1-25.
Pan, A., Xu, L., Li, B., Ling, R., Lu, Y., 2023, The impact of supply chain finance on capital structure adjustment: Evidence from China, Australian Journal of Management, vol. 48, issue 2, 436-462.
Xu, L., Li, B., Ma, C., & Liu, J., 2023, Supply chain finance and firm diversification: Evidence from China, Australian Journal of Management, vol. 48, issue 2, 408-435.
Wu, L. & Xu, L., 2022, Bank loans and firm environmental information disclosure: Evidence from China’s heavy polluters, Australian Economic Papers, vol 61, no.1, 42-71.
Choi, K., McIver, R., Ferraro, S., Xu, L., & Kang, S.H., 2021, Dynamic volatility spillover and network connectedness across ASX sector markets, Journal of Economics and Finance, vol 45, no.3, 677-691.
Li, B., Xu, L., McIver, R., Liu, X., & Pan, A., 2022, Mixed-ownership reform and private firms’ corporate social responsibility practices: Evidence from China, Business & Society, vol 61, No.2, 389-418.
Dong, S., Xu, L., & McIver, R., 2021, China’s financial sector sustainability and “green finance” disclosures, Sustainability, Accounting, Management and Policy Journal, vol 12, no. 2, 353-384.
Pan, A., Xu, L., Li, B., Ling. R., 2020, The impact of supply chain finance on firm cash holdings: Evidence from China, Pacific-Basin Finance Journal, vol 63, 101402.
He, Y., Xu, L. & Yang, M., 2021, The impact of tunnelling on financial distress and resolution: Evidence from listed firms in China, International Journal of Finance & Economics, vol. 26, no. 2, 1773-1792.
Li, B., Pan, A., Xu, L., Liu, X. & Qin, S., 2020, Imprinting and peer effects in acquiring state ownership: Evidence from private firms in China, Pacific-Basin Finance Journal, vol 61, 101337.
Li, B., Xu, L., McIver, R., Wu, Q. & Pan, A., 2020, Green M&A, legitimacy, and risk-taking: Evidence from China’s heavy polluters, Accounting & Finance, vol 60, 97-127.
Cui, X., Xu, L., Zhang, H. & Zhang, Y., 2021, Executive compensation and firm performance: Evidence from cross-listed AH-share firms, International Journal of Finance & Economics, vol. 26, no.1 88-102.
Ullah, F., Jiang, P., Shahab, Y., Li, H. & Xu, L., 2020, Block ownership and CEO compensation: Does board gender diversity matter? Applied Economics, vol 52, issue 6, 583-597.
Wu, L. & Xu, L., 2020, The role of venture capital in SME loans in China, Research in International Business and Finance, vol 51, 101081.
Wu, L. & Xu, L., 2020, Venture capital certification of small and medium-sized enterprises towards banks: Evidence from China, Accounting & Finance, vol 60, 1601-1633.
Research Book Chapters (recent 3 yrs)
McIver, R., Xu, L., Chou, S., 2022, Booms, bubbles, blow-outs: Exploring patterns in China’s credit expansion, edited by Nguyen, D.K., Handbook of Banking and Finance in Emerging Markets, 2-31, Edward Edgar, Cheltenham, UK
Al-Jour, A., Xu, L., Wallace, D., Yuan, G., 2022, Corporate social responsibility disclosure and cost efficiency of Islamic banks: Evidence from GCC countries, edited by Nguyen, D.K., Handbook of Banking and Finance in Emerging Markets, 345-365, Edward Edgar, Cheltenham, UK.
Dong, S., Xu, L., McIver, R., 2022, Enhancing sustainability reporting and greening the finance system: Institutionalization and practices in China’s banking sector, edited by Nguyen, D.K., Handbook of Banking and Finance in Emerging Markets, 553-572, Edward Edgar, Cheltenham, UK.
Mackay, W., Xu, L., & Meredith, G., 2021, Sustainable energy investment in Australia, Theories of Change, edited by Wendt, K., 453-472, Springer, Cham, Switzerland.
Xu, X., Xu, L., & Li, L., 2021, Domestic heating and China’s sustainable energy goals Theories of Change, edited by Wendt, K., 437-451, Springer, Cham, Switzerland.
Mackay, W., & Xu, L., 2021, Environmental social and governance, executive remuneration, and firm performance, Edited by Wendt, K., Green and Social Economy Finance: A Review, 10-33, Taylor & Francis, Boca Raton, US.
Xu, L., Wu, L., & Dong, S., 2021, Internal mechanism and quality of CSR disclosure: Evidence from China, Edited by Wendt, K., Green and Social Economy Finance: A Review, 49-70, Taylor & Francis, Boca Raton, US.
Etc.
Editor-in-Chief
Economics & Politics [ABDC A/SJR Q1/SSCI/..]
Organiser of forthcoming Conferences
Joint Conference of Asia-Pacific Interdisciplinary Research in Accounting (APIRA) and Alternative Accounting Research Network (AARN), 1-4 July 2025, Adelaide, Australia
11th International Conference on Business, Management and Governance, 20-23 November 2023, Perth, Australia.
Economics & Politics Special Issue Conference on Innovative Research in Finance, Accounting and Corporate Governance in the Transition towards the Digital Economy, 8-9 April 2023, Beijing, China.
Editorial Board
NICE Research Journal; Journal of Finance and Accounting Research; Journal of Quantitative Methods; Economics, Commerce and Trade Management: An International Journal
Ad hoc reviewer of
Managerial and Decision Economics; Applied Economics; Pacific-Basin Finance Journal; Asia-Pacific Journal of Accounting & Economics; Asian Journal of Management; Singapore Economic Review; Australian Journal of Management; Economic Modelling; Economics & Politics; Corporate Governance: An International Review; Economic Inquiry; International Journal of Finance & Economics; Accounting & Finance; Sustainability Accounting, Management and Policy Journal; Journal of Risk and Financial Management; Journal of Applied Accounting Research; Risks; Journal of Environmental Management; International Review of Financial Analysis; Journal of Economics and Finance; Australian Economic Review; Australian Economic Papers; Review of International Business and Strategy; Cogent Mathematics; Managerial Finance; Contemporary Economics; Journal of Quantitative Methods; Business and Economic Horizons; African Journal of Business Management; Asian Business & Management; International Journal of Managerial Finance; International Journal of Applied Economics; Annuals of Public and Cooperative Economics; Spanish Journal of Finance and Accounting; Venture Capital; Social Science; Journal of the Asia Pacific Economy; China Finance Review International; International Review of Applied Economics; Journal of Asian Economics;
Etc. Etc. Etc.
External engagement & recognition
| Organisation | Country |
|---|---|
| APA Group | AUSTRALIA |
| Beijing Normal University | CHINA |
| China Construction Bank | CHINA |
| China Molybdenum | CHINA |
| Chongqing Technology and Business University | CHINA |
| Crosby Dalwood & Co | AUSTRALIA |
| Deakin University | AUSTRALIA |
| Global Founders Funds Management | AUSTRALIA |
| Henan University | CHINA |
| Pusan National University | KOREA, REPUBLIC OF (SOUTH) |
| Shandong University | CHINA |
| Shanghai Jiao Tong University | CHINA |
| Shanghai Maritime University | CHINA |
| Shenyang University of Technology | CHINA |
| SKEMA Business School | FRANCE |
| Southwestern University of Finance and Economics | CHINA |
| University of Adelaide | AUSTRALIA |
| University of International Business and Economics | CHINA |
| University of South Australia | AUSTRALIA |
| University of Western Australia | AUSTRALIA |
| Xiamen University | CHINA |
| Xijing University | CHINA |
| Yuan Ze University | TAIWAN |
| Yuanpei University | TAIWAN |
| Zhongnan University of Economics and Law | CHINA |
External engagement & recognition
| Engagement/recognition | Year |
|---|---|
Author, Reviewer, Scrutineer, PanellistCPA Australia |
2023 |
Editor-in-ChiefEconomic & Politics |
2023 |
Innovative Research in Finance, Accounting and Corporate Governance in the Transition towards the Digital Economy on 8-9 April 2023Beijing Normal University and Shandong University |
2023 |
Innovative Research in Finance, Accounting and Corporate Governance in the Transition towards the Digital Economy on 8-9 April 2023Beijing Normal University and Shandong University |
2023 |
Justice of the PeaceAttorney-General of South Australia |
2023 |
MemberAustralasian Agricultural & Resource Economics Society |
2023 |
MemberAccounting and Finance Association of Australia and New Zealand (AFAANZ) |
2023 |
MemberRoyal Association of Justices of South Australia |
2023 |
Organiser and UniSA Business team leader11th International Conference on Business, Management and Governance, 20-23 November 2023, The University of Western Australia, Perth, Australia |
2023 |
Author, Reviewer, Scrutineer, PanellistCPA Australia |
2022 |
Certificate of Achievement 2020-2021Wiley Publisher |
2022 |
Editor-in-ChiefEconomics & Politics |
2022 |
Editor-in-ChiefEconomic & Politics |
2022 |
JudgeWharton-QS Reimagine Education Awards |
2022 |
Keynote speaker at the 2nd International Conference on Accounting, Auditing and Finance and the 10th International Conference on Business, Management and Governance on 21st-23rd NovemberUniversity of Western Australia and Zhejiang University |
2022 |
MemberAustralasian Agricultural & Resource Economics Society |
2022 |
Organiser and UniSA Business team leaderInnovative Research in Finance, Accounting and Corporate Governance in the Transition towards the Digital Economy on 8-9 April 2023, Beijing Normal University and Shandong University |
2022 |
Organiser and UniSA Business team leader11th International Conference on Business, Management and Governance, 20-23 November 2023, The University of Western Australia, Perth, Australia |
2022 |
Plenary Speaker at The 4th Symposium on Neuroaccounting and NeuromanagementBeijing Normal University and Xiamen University |
2022 |
Top Cited Article 2020-2021Accounting & Finance |
2022 |
Author, Reviewer, Scrutineer, PanellistCPA Australia |
2021 |
Author, Reviewer, Scrutineer, PanellistCPA Australia |
2020 |
Editorial Board MemberNICE Research Journal |
2020 |
MemberWestern Economic Association International |
2020 |
Author, Reviewer, Scrutineer, PanellistCPA Australia |
2019 |
Editorial Board MemberJournal of Finance and Accounting Research |
2019 |
MemberSociety for the Study of Emerging Markets |
2019 |
Academic Board MemberAdelaide Institute of Business and Technology |
2018 |
Author, Reviewer, Scrutineer, PanellistCPA Australia |
2018 |
Conference Organiser2nd Environmental Finance Conference, Adelaide |
2018 |
Conference Organiser3rd International Academic Conference in Chinese Management, Suzhou, China |
2018 |
Editorial Board MemberJournal of Quantitative Methods |
2018 |
Editorial Board MemberEconomics, Commerce and Trade Management: An International Journal (ECTIJ) |
2018 |
Justice of the PeaceSouth Australia |
2018 |
Academic Board MemberAdelaide Institute of Business and Technology |
2017 |
Author, Reviewer, Scrutineer, PanellistCPA Australia |
2017 |
Committee MemberFederation of Shandong Chinese Association in Australia |
2017 |
Conference Organiser4th International Academic Conference in Chinese Management, China |
2017 |
Editorial Board MemberJournal of Quantitative Methods |
2017 |
Editorial Board MemberEconomics, Commerce and Trade Management: An International Journal (ECTIJ) |
2017 |
Justice of the PeaceSouth Australia |
2017 |
MemberInternational Economics Development Research Center |
2017 |
Academic Board MemberAdelaide Institute of Business and Technology |
2016 |
AuthorCPA Australia |
2016 |
Author, Reviewer, Scrutineer, PanellistCPA Australia |
2016 |
Conference Organiser6th Behavioral Finance and Capital Markets Conference, Adelaide |
2016 |
Editorial Board MemberEconomics, Commerce and Trade Management: An International Journal (ECTIJ) |
2016 |
ExecutiveThe Association of Overseas Chinese Professionals in South Australia |
2016 |
Justice of the PeaceSouth Australia |
2016 |
MemberAccounting and Finance Association of Australia and New Zealand (AFAANZ) |
2016 |
MemberRoyal Association of Justices of South Australia |
2016 |
Editorial Board MemberEconomics, Commerce and Trade Management: An International Journal (ECTIJ) |
2015 |
Justice of the PeaceSouth Australia |
2015 |
MemberAccounting and Finance Association of Australia and New Zealand (AFAANZ) |
2015 |
MemberRoyal Association of Justices of South Australia |
2015 |
Justice of the PeaceSouth Australia |
2014 |
MemberAccounting and Finance Association of Australia and New Zealand (AFAANZ) |
2014 |
MemberRoyal Association of Justices of South Australia |
2014 |
Invited LecturerLondon College |
2013 |
Justice of the PeaceSouth Australia |
2013 |
MemberAccounting and Finance Association of Australia and New Zealand (AFAANZ) |
2013 |
MemberRoyal Association of Justices of South Australia |
2013 |
Justice of the PeaceSouth Australia |
2012 |
MemberAccounting and Finance Association of Australia and New Zealand (AFAANZ) |
2012 |
MemberRoyal Association of Justices of South Australia |
2012 |
Best Paper Award6th Annual London Business Research Conference, Imperial College, London, United Kingdom |
2011 |
Justice of the PeaceSouth Australia |
2011 |
MemberAccounting and Finance Association of Australia and New Zealand (AFAANZ) |
2011 |
MemberRoyal Association of Justices of South Australia |
2011 |
MemberAccounting and Finance Association of Australia and New Zealand (AFAANZ) |
2010 |
MemberRoyal Association of Justices of South Australia |
2010 |
MemberAccounting and Finance Association of Australia and New Zealand (AFAANZ) |
2009 |
Global Banking and Financial Management
Financial Risk Analysis
Chinese Banking and Wealth Management
Risk Management in Financial Institutions
Principles of International Business Finance
International Finance
Principles of Finance
Managerial Finance
Perspectives in Finance
International Currency and Banking Markets
Financial Institution Management
Business Finance
Development of new finance courses
Teaching & student supervision
Teaching & student supervision
Supervisions from 2010 shown
| Thesis title | Student status |
|---|---|
| Banquet fees, firm connections, ownership, and risk | Current |
| Corporate Social Responsibility (CSR) in the era of decentralised work | Current |
| The Impacts of Negative Interest Rates on Banking Sector | Current |
| To what extent does the MySuper dashboard representative member represent all individual members | Current |
| Corporate income tax aggressiveness in China: regulatory environment, ownership impact and market valuation | Completed |
| Financial distress among listed firms in China: tunnelling and political connections | Completed |
| Lottery demand and the stock market | Completed |
| Nexus between commercial banks and lending marketplaces in China | Completed |
| Ownership and governance structures in Middle Eastern financial institutions: comparing Islamic and conventional banks | Completed |
| The impact of corporate social responsibility disclosure on cost efficiency, financial stability and dividend policy of Islamic banks: evidence from GCC countries | Completed |
