Biography
LIU Ningyue, Associate Professor and Doctoral Supervisor at the School of Management, Beijing Institute of Technology. She holds a Ph.D. in Finance from the Michael Smurfit Graduate Business School, University College Dublin, Ireland, and a Ph.D. in Management from the School of Business, Renmin University of China. She has been a visiting scholar at the University of Oxford and the University of Manchester, UK. Recognized as an International High-End Accounting Talent by the Ministry of Finance and an Outstanding Talent of Beijing, her primary research areas include corporate finance, institutional investors, and ESG. She has published numerous academic papers in prominent domestic and international journals such as *Journal of Business Ethics*, *European Journal of Finance*, *Journal of Multinational Financial Management*, *Finance Research Letters*, and *Accounting Research*. She serves as a reviewer for journals including *Journal of Business Finance and Accounting*. She has led research projects funded by the National Natural Science Foundation of China, the National Social Science Foundation of China, and the Ministry of Education’s Humanities and Social Sciences Program, and has participated in multiple national-level research projects.
Educational Experiences
Jan. 2020 – Aug. 2020, Visiting Scholar, Alliance Manchester Business School, University of Manchester, UK
Sep. 2011 – Jan. 2012, Visiting Scholar, University of Oxford, UK
Sep. 2008 – Dec. 2012, Ph.D. in Finance, Michael Smurfit Graduate Business School, University College Dublin, Ireland
Sep. 2005 – Jul. 2010, Ph.D. in Financial Management, School of Business, Renmin University of China
Sep. 2001 – Jul. 2005, Bachelor of Business Administration, School of Business, Renmin University of China
Professional Experiences
Jul. 2018 – Present, Associate Professor, School of Management, Beijing Institute of Technology
May 2013 – Jul. 2018, Lecturer, School of Management and Economics, Beijing Institute of Technology
Journal Publications
[1] Liu, N., Chen, T. and Cao, H. 2025. Geographic Network Characteristics of Venture Capital Firms and High-tech Enterprise Innovation: Evidence from High-speed Rail, Humanities and Social Sciences Communications, 12(1),1142. (SSCI);
[2] 刘宁悦、栗鹏妍，“券商背景风险投资、机构声誉与IPO抑价”，《北京工商大学学报（社会科学版）》，2023年第6期，61-72 (CSSCI)；
[3] 刘宁悦、李杨林，“有限合伙人网络位置与风险投资绩效”，《经济与管理研究》，2023年第2期，37-56 (CSSCI)；
[4] Liu, N., Bredin, D. and Cao, H. 2020. The investment behavior of Qualified Foreign Institutional Investors in China, Journal of Multinational Financial Management, 54, 100614 (SSCI);
[5] Gao, S., Wang, L., Liu, N.* and Zhang, M. 2019. Fiscal Decentralization and Corporate Investment: Empirical Evidence from China, Journal of Economic Policy Reform, 22(1), 51-68 (SSCI);
[6] Tong, L., Liu, N.*, Zhang, M. and Wang, L. 2018. Employee Protection and Corporate Innovation: Empirical Evidence from China, Journal of Business Ethics, 153(2), 569-589 (SSCI);
[7] Liu,N., Laing, E., Cao, Y. and Zhang, X. 2018. Institutional Ownership and Corporate Transparency in China, Finance Research Letters, 24: 328-336 (SSCI);
[8] Muhammad Usman*, Shufang Xiao, Dan Luo, Ningyue Liu. 2018. Strategic decision making for boosting innovation and TMT compensation in high-tech industry: evidence from China, International Journal of Technology, Policy and Management,18(3): 247-271(EI);
[9] 刘宁悦、杨洋，“机构投资者异质性与企业自主创新”，《科学决策》，2017年第11期，54-77 (CSSCI)；
[10] 刘宁悦、王黎明，“爱尔兰从“欧猪”到“欧星”的蜕变”，《国际贸易》， 2016年第8期，57-63（CSSCI）；
[11] 刘宁悦、黄子桐，“政府创业投资引导基金发展现状及问题探析”，《宏观经济管理》，2016年第8期,34-38；
[12] Liu, N.*, Bredin, D., Wang, L. and Yi, Z. 2014. Domestic and Foreign Institutional Investors’ Behavior in China, European Journal of Finance, Vol 20, No.7-9, 728-751 (SSCI);
[13] Liu, N., Wang, L. and Zhang, M. 2013. Corporate Ownership, Political Connections and M&A: Empirical Evidence from China, Asian Economic Papers, Vol 12, No.3, 41-57 (SSCI);
[14] 陈宋生、张永冀、刘宁悦和高文星，“云计算、会计信息化转型与公司治理”，《会计研究》，2013年第7期，94-96（CSSCI）；
[15] Liu, N., Wang, L., Zhang, M. and Zhang, W. 2012. Government Intervention and Executive Compensation Contracts of State-owned Enterprises: Empirical Evidence from China, Journal of Chinese Economic and Business Studies, Vol 10, No.4, 391-411;
[16] 王黎明、刘宁悦，“爱尔兰主权债务危机成因探析及对中国的启示”，《国际贸易》， 2011年第2期，56-61（CSSCI）；
[17] 伊志宏、刘宁悦，“公司财务研究现状及展望：基于文献的分析”，《中国人民大学学报》，2008年第4期，111-118（CSSCI）。
Book Publications
刘宁悦，佟岩，肖淑芳，财务管理学（第3版），北京理工大学出版社，2023年
刘宁悦，风险投资与企业创新的关系研究，北京理工大学出版社，2022年
肖淑芳，佟岩，刘宁悦，财务管理学（第2版），北京理工大学出版社，2018年
Wang, L., Liu, N. and Wang, S. 2013. “Growth and Challenges in the Development of Institutional Investors in China” In: Cumming, D., Guariglia, A., Hou, W. and Lee, E. (eds). Developing China's Capital Market: Experiences and Challenges. Palgrave Macmillan, pp.97-127;
Bredin, D. and Liu, N. 2011. “Domestic and Foreign Institutional Investor Behavior in China: Financial Characteristics and Corporate Governance” In: Boubakri, N. and J. Cosset (eds). Institutional Investors in Global Capital Markets, Volume 12 of International Finance Review. Emerald Group Publishing Limited, pp.113-143.
Host Projects
National Social Science Foundation General Project, "Research on Institutional Investors' Investment Preferences and Corporate ESG Performance Enhancement," 2022/09–2025/08;
Ministry of Science and Technology National Foreign Experts Program, "Research on the Impact and Mechanism of Venture Capital Social Networks on Innovation in STAR Market Enterprises," 2022/01–2023/12;
Ministry of Education Humanities and Social Sciences Planning Fund Project, "Research on the Impact and Mechanism of Venture Capital Social Networks on Innovation in STAR Market Enterprises," 2022/01–2024/12;
National Natural Science Foundation Youth Project, "Research on Corporate Innovation Behavior Based on the Activism Effect of Institutional Investors," 2016/01–2018/12;
Beijing Institute of Technology Basic Research Project, "Research on the Impact of Institutional Investors on Corporate Independent Innovation," 2014/01–2015/12.
