Accounting    Professor

Phone:(86)(10) 62789863

Office:B352 Lihua Building

Office Hours:By Appointment

Educational Background

Bachelor in Engineering from Wuhan Institute of Chemical Engineering in 1983

Master in Management Engineering from University of Science and Technology of China in 1989

Ph.D. in Economics from Tulane University in 1996


Work Experience

1997-Present Assistant / Full Professor, Department of Accounting, School of Economics and Management, Tsinghua University

1989-1990  Ministry of Labor of China

1983-1986  Ministry of Chemical Industry of China



Empirical Accounting Research, Taxation and Business Strategy , International Taxation, Advanced Management Accounting, Accounting for Decision Making.


Research Areas

Accounting and Capital Market, Corporate Governance, International Taxation, Taxation and Business Strategy, Business Valuation.



Journal Articles

Chao Dou, Man Yuan, Xiao Chen, " Government-Based Customer,Audit Risk and Audit Fee ", Accounting Research, 03, 164-178, 2020

Chao Dou, Xiao Chen, Xinzi Li, " Government-background Customer,Performance Growth and Earnings Quality:Based on Supply Chain ", China Accounting Review, 01, 18, 125-152, 2020

Chao Dou, Xiao Chen, Xinzi Li, " Government-based Customer,Market Perception and Investment Opportunity--Based on Supply Chain Integration ", Management Review, 08, 32, 13-28, 2020

Chao Dou, Qiaokou Wang, Xiao Chen, " Can Major Government Background Customers Alleviate the Financing Constraints of Private Enterprises?", Journal of Finance and Economics, 11, 46, 49-63+168, 2020

Chao Dou, Xinzi Li, Xiao Chen, " The influence path of government background customers on R&D investment ", Science Research Management, 09, 41, 197-208, 2020

Xinzi Li, Yuhao Niu, Xiao Chen, Financial Asset Allocation, Auditor Identification and Audit Fees, Audit Research, Vol. 3, pp. 93-100, 2019

Wukang Wen, Yutao Wang, Xiao Chen, The Behavior and Information Role of Bond Analysts, China Accounting Review, Vol. 3, No. 17, pp. 487, 2019

Jing Zhao, Xiao Chen, Government Intervention, Monetary Policy, and Capital Investment, China Accounting Review, Vol. 14, pp. 295, 2017

Xiao Chen, Monetary policy, institutional environment and corporate investment structure, Science Research Management, Vol. 9, No. 37, pp. 123-135, 2016

Xue Jian, Wu Kang, Xiao Chen: "Accounting Conservatism and Listing Corporation Investment Performance", Journal of Economics, No. 2, pp. 115-136, 2015 / 2 / 1

Zheng Gaoping, Xue Jian, Xiao Chen: “Affiliated Management and Firm Value”, China Journal of Accounting Studies, No. 3, Vol. 2, pp. 172-199, 2014 / 12 / 31,

Zheng Gaoping, Xue Jian, Xiao Chen, Executive and Corporate Value: Empirical Evidence from China , Accounting Research, 2014 / 12 / 31

Xiao Chen: "Part-time Executive and Corporate Value: Empirical Evidence from China", Accounting Research, No. 11, pp. 24-29, 2014 / 11 / 30

Xiao Chen: "The Role of Venture Capital in IPO's Earnings Management", China Accounting Review, No. 1, pp. 5-26. , 2013 / 3 / 31

Wang Yutao, Xiao Chen, Xue Jian: "Limit the Sale of Shares: Profit Smoothing or Investment? ", Financial Research, No. 1, pp. 164-176, 2013 / 1 / 30

Qi Chen, Jian Xue, Xiao Chen: “The Sensitivity of Corporate Cash Holdings to Corporate Governance”, Review of Financial Studies, No. 25, Vol. 12, pp. 3610-3644, 2012 / 12 / 1

Xiao Chen, Yufang Qiu, Yongxin Xu, "The Analysis of the Factors that the Accounting Firm is Punished by the Regulatory Authorities -- the Empirical Evidence from China's Capital Market Auditing Supervision", The Financial Research, No. 6, Vol. 37, 2011 / 6 / 3

Yongxin Xu, Jian Xue, Xiao Chen, “Research on the Agency Problem of Listed Companies: Evidence from Entrusted Investment”, Nankai Business Review, 05(2009) pp. 101-108

Xiao Chen, Jevons Lee, Jing Li, “Governement Assisted Earnings Management”, Journal of Accounting and Public Policy, 27(2008), pp. 262-273.

Haiyan Zhang, Xiao Chen, “The Large Shareholder’s Monitoring on Management’s Cash Dividend Policy”, Nankai Business Review, 2008, No 2, pp. 15-21.

Haiyan Zhang, Xiao Chen, “Are Investors of ST Stocks Rational? ”, Journal of Financial Research, 331( 2008), pp. 119

Qiangyuan Li, Xiao Chen & Wang Yonghai, “Product Market Competition, Asset Specificity and Capital Structure: Empirical Evidence from China”, Journal of Financial Research, No. 322, 2008, pp. 100-113.

Chao Chen, Xiao Chen, “The information content of rights offerings in China”, Research in International Business and Finance, 3(2007), pp. 414-427,

Shufang Deng, Xiao Chen & Zhengchun Yao, “Ultimate Ownership, Corporate Tiers and Information Disclosure”, Management World, 2007, No. 3, pp. 122-129.


Industry Experience

Serves as the vice chief editor of China Accounting Review, the member of editor committee of China Accounting and Finance Review, the academic advisor for China Finance Research and board member for China Journal of Accounting Research. Also a council member in China Accounting Society and in China Taxation Society.