Gary (Gang) TIAN

Curriculum Vitae

1 School of Accounting and Finance Tel: 61 (0)2 4221 4301

University of Wollongong Fax: 61 (0)2 4221 4297Northfields Ave, Email: gtian@uow.edu.auNSW 2522 Australia

2 Professional experience

Present Chair Professor in Finance (February 2012 –), Director, Chinese Commerce Research Centre (December 2008 –),School of Accounting and FinanceUniversity of Wollongong

Citizen: AustralianWeb:

http://www.uow.edu.au/commerce/accy/who/UOW017523.html

Previous Associate Professor (February 2007 – December 2011),Head of Postgraduate Studies (April 2007 – August 2012), School of Accounting and Finance, University of Wollongong.Senior Lecturer (January 2001 – February 2007) Lecturer (January 1999 – December 2000), School of Economics and Finance, University of Western Sydney. Lecturer, (July 1996 – December 1998), School of Economics, Flinders University, SA. Associate Lecturer (July 1994- June 1996), School of Economics, La Trobe University, Melbourne. Lecturer (January 1988 – June 1989), Department of World Economy, Shanghai University of Finance and Economics, China. Credit Officer, (February 1982 – December 1987), Letter of Credit Department, Bank of China, Shanghai.

3 HONORS & AWARDS

2013, Winner, the 2012 Runner up CGIR Best Paper Award, “Board Structure and Survival of New Economy IPO Firms”, with Chancharat, N. and Krishnamurti C., Corporate Governance: An International Review (2012) 20 (2), 144-163.

2012, Finalist, the Pacific-Basin Finance Journal Best Paper Award at the 2012 Asian Finance Association International Conference, for a joint paper with Ma, Liangbo, and Ma, Shiguang, “Political Connection, Founder-Managers, and Their Impacts on Tunneling in China's Listed Firms”.

2012, Finalist, the Best Paper Award in the Auckland Finance Meeting, December 2012 for a joint paper with (Jane Chau, Alex Frin, and Shiguang Ma) “Impact of Anonymity on

Liquidity in Limit Order Books: Evidence from Cross-Listed Stocks”

2010，Winner, Best Paper Award in Corporate Finance at the 2010 FMA Asian Conference in Singapore, for a joint paper with Mike Lemmon, Jerry Cao, and Xiaofei Pan, “Political Promotion, CEO Compensation, and Their Effect on Firm Performance”.

2009, Service to Research Awards, Commerce Staff Awards 2008, Faculty of Commerce, UOW.

2008, Research Excellence Award, Commerce Staff Awards 2008, Faculty of Commerce, UOW.

2008, Visiting Professor, Sun Yat-Sen University. 2006, Senior Visiting Scholar, Nanyang Business School, Nanyang Technological University,

Singapore Senior Visiting Fellows, School of Business, Sun Yat-sen University

1989-93, Macquarie University Postgraduate Research Award (MUPRA), Australia.1990-93, Australian National Research Training Priority Area Stipend.

This additional award was on the basis of the progress and the quality of the research of MUPRA holders. I became the first postgraduate research student at Macquarie to achieve that distinction.

1985, National Young Economist Award, China, an award for the best article “Expanding China’s export amid growing protectionism during 1980s”.

4 RESEARCH

4.1 Research Interests

1) CEO compensation/turnover, political promotion2) Political connection, firm performance and tunnelling3) Disproportional ownership, state control and family control4) Intraday data, liquidity and volatility patterns 5) Foreign exchange rate, share market, and financial market integration6) Chinese financial markets and corporate finance

4.2 List of Publications

(i) Refereed journal articles

2013

“Is no news good news evidence of intraday returns and volatility relationship from the Shanghai Stock Exchange”, with Chandrasekhar Krishnamurti, Min Xu and Guangchuan Li, Journal of the Asia Pacific Economy (2013) 18 (1), 149-167(ERA rank A).

2012

2

“Controlling shareholders expropriation and firms’ leverage decision evidence from Chinese non-tradable share reform”, with Qigui Liu, Journal of Corporate Finance. (ERA/ABDC rank A*) (2012) 18 (4), pp. 782-803.

“Board Structure and Survival of New Economy IPO Firms”, with Chancharat, N. and Krishnamurti C., Corporate Governance: An International Review (2012) 20 (2), 144-163. (ERA/ABDC rank A) “Corporate Governance and Corporate Finance Practices in a Kuwait Stock Exchange Market Listed Firm: A Survey to Confront Theory with Practice”, with Al Mutairi M., Hasan H., and Tan A., Corporate Governance, International Journal of Corporate Finance in Business Society, (2012) 12(5), 595-615.

2011

“Disproportional ownership structure and pay-performance relationship: evidence from China’s listed firms”, with Jerry Cao and Xiaofei Pan, Journal of Corporate Finance, (2011) 17 (3), 541–554. (ERA/ABDC rank A*)

“The Effect of Ownership Structure on Leverage Decision: New Evidence from Chinese Listed Firms”, with Qigui Liu and Xiaoming Wang, Journal of the Asia Pacific Economy, (2011) 16 (2), 254–276. (ERA rank A )

“Managerial ownership, capital structure and firm value: Evidence from China’s civilian-run firms”, with Ma, S., and Ruan, R., Australasian Accounting Business and Finance journal, (2011), 5 (3), 73-92.

2010

“The Relationship between Stock Returns and the Foreign Exchange Rate: the ARDL Approach”, with Ma, S., Journal of the Asia Pacific Economy, (2010) 15 (4), 490-508. (ERA rank A)

“Ownership and Ownership Concentration: Which is Important in Determining the Performance of China's Listed Firms?”, with Ma, S. and Naughton, T., Accounting and Finance, (2010) 50 (4), 871-897. (ABDC Rank A)

“Multiple States of Financially Distressed Australian Companies: A Competing Risks Model” with Chancharat, N., Pam, D., McGrae, M., and Lodh, S., Australasian Accounting Business and Finance journal, (2010), 4 (4), 27-44.

“Predicting Future Earnings Growth: A Test of the Dividend Payout Ratio in the Australian Market”, with Flint, A. and Tan, A., The International Journal of Business and Finance Research. (2010) 4 (2), 43-58.

2009

“Board Composition, Board Activity and Ownership Concentration, the Impact on Firm Performance”, with Ma, S. Problems and Perspectives in Management, (2009) 7 (3), 31-50.

3

“Managerial Ownership, Capital Structure and Firm Value” with Ruan, and Ma, Corporate Ownership and Control，(2009). 7 (2), 71-82.

2008

“Equity market price interactions between China and the other markets within the Chinese states equity markets” Multinational Finance Journal, (2008) 12 (1-2), 105-126.

“The Determinants of Capital Structure: the case of long-term debt constraint for Jordanian Firms”, with Zeitun, R., Corporate Ownership & Control, (2008) 6 (1), 22-37.

2007

“Interday and Intraday Volatility: additional evidence from the Shanghai Stock Exchange”, with Guo, M. Y., Review of Quantitative Finance and Accounting, (2007) 28 (3), 287-306. (ABDC Rank A)

“Capital Structure and Corporate Performance: Evidence from Jordan”, with Zeitun, R., Australasian Accounting Business & Finance Journal, (2007) 1 (4), 40-61.

“Are Chinese stock markets becoming increasingly integrated with other markets in the greater China region and other major markets?” Australian Economics Papers, (2007) 46 (3), 240-53.

"The intraday patterns of bid-ask spreads and limit order: evidence from Chinese stocks", with Guo, M. Y., China Journal of Finance (2007) No 12, 104-131.

“Does ownership affect a firm's performance and default risk in Jordan?”, with Zeitun, R., Corporate Governance, International Journal of Corporate Finance in Business Society, (2007). 7 (1), 66-82.

“Macroeconomic Determinants of corporate performance and failure: evidence from emerging market a case of Jordan”, with Zeitun, R, and Keen, S., Corporate Ownership & Control, (2007) 5 (1), 179-194.

"Default probability for the Jordanian companies: a test of cash flow theory," with Rami, Z., & Keen, S. (2007). International Research Journal of Finance and Economics, 8: 147-162.

2005

Tian, G. G. & Guo, M. (2005). "Intraday data and volatility models: evidence from Chinese stocks," China Journal of Finance, 3 (2): 32-65.

2004

“Interactions among China-Related Stocks: Evidence from a Causality Test with a New Procedure”, with Wan, G. H., Applied Financial Economics, (2004) 14 (1), 67-72.

4

Tian, G. G. (2004). "China's Transition to a Global Economy," Journal of Asian Business, 20 (1): 84-85.

2002

“Market Efficiency and Returns to Simple Technical Trading Rules: New Evidence from U.S. Equity Market and Chinese Equity Markets”, with Wan, G. H. and Guo, M. Y., Asia-Pacific Financial Markets, (2002) 9 (3-4), 241-258.

1999

“Do Migrants Rob Jobs? New Evidence from Australia”, with Shan, J., Australian Economic History Review, (1999) 39 (2), 133-142. (ERA/ABDC rank A)

1998

“Causality between Exports and Economic Growth: the Empirical Evidence from Shanghai”, with Shan, J., Australian Economic Papers, (1998) 37 (2), 195-202.

1997

“China’s Post-1979 Uneven Regional Policy: Shanghai and Guangdong”, The Journal of Contemporary China, (1997), 6 (14), 61-78.

1994

“The Emergence of Shanghai's Role as Entrepôt Centre since the Mid-1980s”, The Journal of Contemporary China, (1994), 3 (7), 3-27.

1988

“The non-discriminative principle of the GATT and world trade environment” International Trade Journal, (1988), No.12, pp.44-46, Beijing.

“The Flexible Exchange Rate - A Debate over How to Formulate China’s Foreign Exchange Rate”, with Xiang Li, International Trade, (1988), No 2 pp.20-22, Beijing.

“Manufactured Export Markets: A Comparative Study on Asia and South America”, World Economy Forum, (1988), No.1, Shanghai.

“International Trade Theories in China during the 1980s”, International Trade Tribune, (1988), No.1.

1987

“The Overseas Marketing Research by Japanese Trade Promotion Society”, International Economy, Trade and Law, (1987), No.11, pp.19-20, Shanghai.

5

“East Asia’s Manufactured Export Expansion: Mechanism and Implication”, World Economy Study, (1987), No.4, Shanghai.

1986

“China’s Foreign Trade Law: Establishment and Implication”, Politics and Law (bi-monthly), (1986), No.4, Shanghai, pp.10-12.

“China’s export expansion and import protection in other countries during 1980s” International Trade, (1986), No.3, 1986, pp.20-23, Beijing.

“China’s Industry-trade Integrated FTCs: An International Marketing Perspective”, The Study of Finance and Economics, (1986), No.9, Shanghai.

“Trade protectionism in developed countries and our measures”, The Study of Finance and Economics, (1986), No.2, Shanghai.

(iii) Authored Books

Shanghai's Role in the Economic Development of China: Reform of Foreign Trade and Investment, London: Praeger, (1996), (248 pages).

(vi) Book Chapters

“Corporate finance practice in Kuwait: a survey to confront theory with practice” (with Al Mutairi, M., Tan, A. T H.), in J. Graham, S. B. Smart & W. L. Megginson (Eds.), Corporate Finance: Linking Theory to What Companies Do (with Thomson ONE - Business School Edition 6) (p. TBA). Mason, OH: Cengage Learning (2010).

“Market Efficiency and the Returns to Simple Technical Trading Rules: A New Evidence”, (with M. Guo), Money and Finance in Transition – Research in Contemporary and Historical Finance, Swedish publisher.

“Causality between FDI and Economic Growth”, (Jointly: J. Shan, G. Tian and F. Sun), in Y. Wu (ed.) Foreign Direct Investment and Economic Development in China, Cheltenham, UK: Edward Elgar, pp. 140-156. (1999)

“Foreign Direct Investment Patterns in China, a Case Study of Shanghai”, in Y. Wu (ed.) Foreign Direct Investment and Economic Development in China, Cheltenham, UK: Edward Elgar, pp. 157-193. (1999)

“China’s Post 1979 Uneven Regional Policy: Shanghai and Guangdong”, in C. A. Tisdell and J. C. Chai (eds.) China’s Economic Growth and Transition: Macroeconoimc, Regional, Environmental and Other Dimensions, The University of Queensland, pp. 273-294. (1997)

“The implication of Economic Reform on Shanghai’s Export: 1979-89”, China: Trade and Reform, Chinese Students’ Society for Economic Studies and National Centre for Development Studies, Australian National University, pp. 207-222. (1991)

6

“International Market Price”, in Xiang Li (ed.), International Trade Principles and Practice, Shanghai ShanLian Publisher. (1990)

“China’s Export Industrial Policy: An Assessment” (Jointly: Zi-shuang Sai, Gang Tian, Hong-sheng Tian, Jun Cheng and Tian-Shang Peng), monograph published by China Foreign Trade Association, Beijing, (202 pages). (1988)

(v) Papers published in Access China, Macquarie University:1992, “China Foreign Trade Incentives”, No. 6, pp. 16-18, June.

1992, “China Foreign Trade Reform”, No. 5, pp. 16-18, March.

1991, “China Foreign Trade Structure”, No. 3, pp. 15-17, September.

(vi) Papers under revision and resubmission

“Political Promotion, CEO Incentives, and the Relationship between Pay and Performance, (with Jerry Cao, Michael Lemmon, Xiaofei Pan, Meijun Qian), Review of Financial Studies

“The value of political connections when accessing the IPO market” (with Qigiu Liu and Vincent Tang), Journal of Corporate Finance

Fang Hu, Xiaofei Pan and Gary Tian, Does CEO pay dispersion matter in an emerging market?, Pacific Basin Finance Journal (conditional acceptance)

Liangbo Ma, Shiguang Ma and Gary Tian, Political connections, founder-managers, and their impacts on tunneling in China’s listed firms, Pacific Basin Finance Journal

Xiaojun Chu, Qigui Liu and Gary Tian, Disproportional ownership structure and stock market liquidity in China, Accounting and Finance

(vii) Conference Plenary Presentations at Meetings and Conferences

Presentation, “Political Promotion, CEO Incentives, and the Relationship between Pay and Performance” (with Jerry Cao, Mike Lemmon, Xiaofei Pan and Qian Meijun) at Workshop “CEO compensation, firm governance and firm performance: evidence from China”, organised by National Institute of Economic and Social Research, NSFC and Economic & Social Research Council, on 21st April 2012 in Hangzhou.

Presentation, “Do private equity investors conspire ultimate owners? (with Qigui Liu and Vincent Tang) at CAFR International Symposium 8-9 December 2012.

(viii) Paper Presentations at Meetings and Conferences (including presentations by co-authors)

“Bank connection, corruption and collateral in China ”with Xiaofei Pan

7

2013 China Finance Review International Conference (CFRIC) on July 9th, in Antai College of Economics & Management, Shanghai Jiao Tong University.

World Finance & Banking Symposium – Beijing, 16-17, 2013.“The impact of information opacity on the relation between founding-family control and cost of debt”, with Liangbo Ma, and Shiguang Ma

European Financial Management Association 2013 Annual Meetings June 26-29, 2013 Reading, UK (presented by co-author)

“Ownership concentration and Entrenchment: evidence from IPOs of Entrepreneurial firms in China”, with Jerry Cao, Jeremy Goh

Financial Globalization and Sustainable Finance: Implications for policy and Practice, Conference & Special Edition of the Journal of Banking and Finance, Cape Town, South Africa, May 29-31, 2013. (presented by co-author).

"Do Private Equity Investors Conspire with Ultimate Owners in the IPO Process?", with Qigui Liu and Vincent Tang,

World Finance & Banking Symposium – Beijing, 16-17, 2013. 2013 Asian Finance Association (AsianFA) Annual Conference to be held in

Nanchang, China, July 15 – 17, 2013. Third online workshop, Venture Capital and Private Equity in the Asia Pacific

Region, Asian Finance Association and University of New South Wales, December 2012

CAFR International Symposium 8-9 December 2012.

“Mutual Fund Ownership, Firm Specific Information, and Firm Performance: Evidence from China”, with Zhang, Hong Feng; Sharpe, Wenhuan (presented by co-author).

China International Conference in Finance, Shanghai (July 2013) 2013 Asian Finance Association (AsianFA) Annual Conference to be held in

Nanchang, China, July 15 – 17, 2013.

“Ultimate Ownership, Bank Connections and Collateral in China", with Xiaofei Pan China International Conference in Finance, Shanghai (July 2013) 2013 Asian Finance Association (AsianFA) Annual Conference to be held in

Nanchang, China, July 15 – 17, 2013.

"The value of political connections in Chinese IPO market", with Qigui Liu and Vincent Tang

China International Conference in Finance, Shanghai (July 2013)

Technical Efficiency of Thai SMEs: The Application of Data Envelopment Analysis, With Nongnit Chancharat and Surachai Chancharat,

International Symposium on Business and Social Sciences, Tokyo, Japan, March 2013.

“Controlling shareholders expropriation and firms’ leverage decision evidence from Chinese non-tradable share reform”, with Qigui Liu,

World Finance & Banking Symposium, Cheung Kong Graduate School of Business, Shanghai, December 2012

8

“Impact of Anonymity on Liquidity in Limit Order Books: Evidence from Cross-Listed Stocks” (Jane Chau, Alex Frin, Gary Tian and Shiguang Ma)

25th Australasian Finance and Banking Conference, December 2012 Auckland Finance Meeting, December 2012

“Founding-family control, information opacity, and the cost of debt: evidence from China” (Ma, Liangbo, Ma, Shiguang, Tian, Gary)

25th Australasian Finance and Banking Conference, December 2012

“Political Connection, Founder-Managers, and Their Impacts on Tunneling in China's Listed Firms” (Ma, Liangbo, Ma, Shiguang, Tian, Gary)

Asian Finance Association International Conference, Taipei (June 2012) China International Conference in Finance, Chongqing (July 2012)

“Political Promotion, CEO Incentives, and the Relationship between Pay and Performance, (with Jerry Cao, Michael Lemmon, Xiaofei Pan, Meijun Qian),

FMA Asian Conference, Phuket, July 2012 (presented by co-author) Institutions and Organizations (CGIO) Academic Conference,

National University of Singapore, August 2011.(presented by co-author)

NUS Junior Faculty Workshop, Centre for Asset Management Research & Investments (CAMRI) and NUS Business School, July 2011 (presented by co-author)

“Political Promotion, CEO Compensation, and Their Effect on Firm Performance” (with Mike Lemmon, Jerry Cao, Xiaofei Pan)

Winner of Best Paper Award in Corporate Finance at the 2010 FMA Asian

American Finance Association annual meeting (AFA) Devour USA, January 2011.

FMA Asian Conference, Singapore, July 2010.

China International Finance Conference, Beijing, July 2010.

“Political capital or constraints: evidence from CEO entrenchment in China”, with JerryCao, Xiaofei Pan, and Meijun Qian

Previously as “Political connection and managerial entrenchment: evidence from CEO turnovers in China” (with Jerry Cao, Xiafei Pan, Meijun Qian)

Asian Finance Association conference, Taipei, July 2012. China International Finance Conference, Chongqing, July 2012 (presented by co-

author). Asian Finance Association (AsianFA) Annual Conference in Macao, July 2011.

“The Stock Market Implication of Political Connections: Evidence from Firms’ Dividend Policy” (with Jerry Cao, Sheng Huang and Qigui Liu)

FMA Asian Conference, Phuket, July 2012

“The value of political connections when accessing the IPO market” (with Qigiu Liu and Vincent Tang)

Asian Finance Association conference, Taipei, July 2012.

9

“Disproportional Ownership Structure and Stock Market Liquidity in China” (Xiaojun Chu, Liu Qigui)

Conference on Financial Markets and Corporate Governance, Melbourne, April 2012

"Disproportional Ownership and IPO Long-Run performance in China" (with Jerry Cao and Vincent Tang)

24th Australasian Finance and Banking conference, Sydney, December 2011 (presented by co-author).

“Venture Capital and Executive Incentives in China” (with Jerry Cao and Qigui Liu) Durham-EJF Special Issue Conference on the Chinese Capital Market,

Durham University, UK, September 2011. China International Finance Conference, Wuhan, July 2011 Asian Finance Association (AsianFA) Annual Conference in Macao, July

2011. First online workshop, Venture Capital and Private Equity in the Asia Pacific

Region, Asian Finance Association and University of New South Wales, December 2010

“Disproportional Ownership Structure and Pay-Performance Relationship: Evidence from China's Listed Firms” (with Jerry Cao and Xiaofei Pan)

Chulalongkorn Accounting and Finance Symposium, Chulalongkorn University,

Bangkok, Thailand November 2010. Australasian Finance and Banking Conference, Sydney December 2010

“How Does the Separation of Ownership and Control Affect Corporate Performance: The Impact of Earnings Management in China”, (with Shan Zhao and Yuqing Zhu),

Australasian Finance and Banking Conference, December 2010

“Political Connections, “Founding Family Ownership and Leverage Decision of Privately Owned Firms”, (with Qigui Liu),

Australasian Banking and Finance Conference, December 2010

“Executive Compensation, Board Characteristics and Firm Performance in China: The Impact of Compensation Committee”, (Louis Zhu, and Ma, S),

EFMA-RUC 2010 Symposium, Asian Finance, Beijing, April 2010.

Australasian Finance and Banking Conference, December 2009

“Pay dispersion, ownership structure and firm performance in China’s listed firms”, (with Xiaofei Pan and Aelee Jun),

Finance and Corporate Governance Conference Melbourne April 2010,

“CEO pay- performance and board independence: the impact of earnings management in China”, (with Zhu, Y.)

International Conference on Asia-Pacific Financial Markets (CAFM), Seoul, Korea on December 2009

10

International Conference on Asian Financial Markets Nagasaki, Japan, December 2009.

“CEO pay- performance and board independence: the impact of earnings management in China”, (with Louis Zhu)

International Conference on Asia-Pacific Financial Markets (CAFM) in Seoul, Korea December 2009

International Conference on Asian Financial Markets Nagasaki, Japan, December 2009.

“Managerial Ownership and Firm Value: Evidence from China’s Civilian-Run Firms”, (with Ruan, W., and Ma, G.),

International Conference on Asia-Pacific Financial Markets (CAFM) Seoul, Korea on December 2009

SFM Conference in 2009, Kaohsiung, December 2009.

“Managerial ownership, Capital Structure and Firm Value: Evidence from China’s Civilian-Run Firms”, (with Ruan, and Ma)

Australian Chinese Economics Association (ACESA) Annual Conference, Melbourne, July 2009.

“State Owned Vs. Privately Owned Firms: Whose CEOs are Better Compensated?” (with Pan, X., and Cao, J.),

5th International Conference on Asian Financial Markets, Nagasaki, Japan, December 2009.

Australasian Finance and Banking Conference, December 2009

“Leverage Ratio and Determinants of Capital Structure in SMEs: Evidence from China”, (with Liu, Q.)

Australasian Finance and Banking Conference, December 2009

“Corporate finance practice in Kuwait: a survey to confront theory with practice.” (with Al Mutairi M., and Tan A.).

Australasian Finance and Banking Conference Sydney, Australia.

“The impact of loan characteristics on the credit risk of Chinese listed companies under the new banking regulatory”, (with Miao and Bhati)

China National Conference for Doctor Candidate (Major in Finance), Shanghai, September 2009.

“Call auction transparency and market liquidity: The Shanghai experience”, (with Zheng, and Gerace)

Financial Management Association (FMA), in Reno, October 2009 China International Finance Conference, Guangzhou, July 2009 Asian Finance Association Conference, Brisbane, June 2009.

11

“The Ownership and Ownership Concentration? The Impact on the Performance of China’s Listed Firms”, (with Ma, S. and Naught, T.,)

Australian Chinese Economics Association (ACESA) Annual Conference, Melbourne, July 2009.

“Managerial compensation, ownership structure and firm performance in China's listed firms”, (with Pan, Ma and Jun)

Asian Finance Association Conference, Brisbane, June 2009.

. “Board Composition, Board Activity and Ownership Concentration, the Impact on Firm Performance”, (with Ma, S.)

Asian Finance Association Conference, Brisbane, June 2009.

“The effects of currency appreciation on share market return: ARDL approach”, (with Ma S.,)

Asian Finance Association Conference, Brisbane, June 2009.

“Audit Quality, Investor Protection and Litigation Risk around the World”, (with Tang, Q, Chen, A.)

Annual Congress of the European Accounting Association May 2009 in Tampere, Finland. (presented by author)

“When the Going Gets Tough: Board Capital and Survival of New Economy IPO Firms”, (with Chancharat, N., Krishnamurti C.)

New Zealand Finance Colloquium, Wellington February 2009. (presented by co- author)

Australasian Finance and Banking Conference, December 2008

“Non-Tradable Share Reform and Convergence between Chinese Cross-Listed A and H Shares”, (with Zhao, Y,, and Tan, A.,)

Australasian Finance and Banking Conference”, December 2008.

“Financial Integration of Chinese markets after WTO accession and financial liberalization”

Annual PBFEAM conference, July 2008, Brisbane.

“Firms in Financial Distress, a Survival Model Analysis” (with Chancharat, N., Davy, P., McCrae, M.,)

Australasian Finance and Banking Conference”, December 2007.

“How do Australian Financially Distressed Firms Survive? (with Chancharat, N., Davy, P., McCrae, M.,),

The Finsia-Melbourne Centre for Financial Studies Banking and Finance Conference, Melbourne, 2007.

“Limit Order And Liquidity Patterns: Alternative Evidence”, The Finsia-Melbourne Centre for Financial Studies Banking and Finance

Conference, Melbourne, 2007.

12

“Macroeconomic determinants of corporate performance and failure: evidence from emerging market a case of Jordan”, (with Zeitun, R, and S. Keen),

College of Business Research Symposium, University of Western Sydney, 2006.

“Capital Structure, Corporate Performance and Default Risk: Evidence from Emerging Market A case Study of Jordan”, (with Zeitun, R.)

International Business Research Conference, Melbourne, November 2006.

“Interday and intraday volatility in a continuous order-driven market with a separate auction opening procedure”, (with Guo, M. Y.)

PBFEA 2006 Conference in Taipei, July 2006.

“An analysis of interday and intraday volatility: evidence from an order-driven market with morning call auction” (with Tian, G. and Guo, M. Y.)

China International Conference in Finance, Xi’an July, 2006. 

“The impact of ownership on a firm's performance and default risk in Jordan” (with Zeitun, R.).

One-Day Symposium on Accountability, Governance and Performance: Achieving Excellence, Griffith 2006.

“Intraday Data and Volatility Models: Evidence from Chinese Stocks”, (with Guo, M. Y.),

Australian Conference of Economists, Melbourne, Australia, September 2005. Workshop in Mathematics in Finance, University of Wollongong, November

2005

“Behaviors of Liquidity Patterns in a Limit Order-Driven Market, an evidence from Chinese stock markets”, (with Guo, M. Y.),

Australian Conference of Economists, Melbourne, 2005.

“The Empirical Relationship between Intraday Volatility and Trading volume: Evidence from Chinese Stocks”,

Financial Markets Asia-Pacific Conference Sydney, May 2005.

“Intraday patterns of the spread and depth in a limit order-driven market: the Shanghai stock exchange”, (with M. Guo),

Australasian Finance and Banking Conference”, December 2005.

“Are stock markets in the greater China region increasing integration within the region or with the US and Japan?”

Australian Conference of Economists, 2004. Australasian Finance and Banking Conference, December 2004.

“Causal and cointegrating relationships among stock markets in the greater China region”,

Emerging Financial Markets & Services in Asia-Pacific Conference Sydney 2004.

13

“Intraday return pattern and volatility process in a two-session order-driven market: evidence from the Shanghai Stock Market”, (with M. Guo),

Australasian Finance and Banking Conference, December 2004.

“Equity market integration: the case of the Greater China Bloc”, Emerging Financial Services in Asia-Pacific Conference, Sydney 2004.

“Chinese equity market microstructure”, Workshop “Finance in Transition II” organized by University of Western Sydney, Sydney, December 2003.

“Market Efficiency and the returns to simple technical trading rules: new evidence from US equity market and Chinese equity markets” (with M. Guo)

Asia-Pacific Journal of Accounting and Economics Symposium, Shanghai January 2003.

“Interactions Among China-Related Stocks: Evidence from A Causality test with a new procedure”

“Marketisation and Accounting, Finance and Business in China”, Cardiff Business School, UK, July 2002.

"Financial market Integration in China Stocks: Causality investigation of stock returns"

International Conference China Economy: Social, Economic, Institutional and International Dimensions July 2002 at the University of Sydney.

"Market Efficiency and the returns to simple technical trading rules: new evidence from us equity index", (with M. Guo),

Annual conference multinational finance society”, June 2001, Lake Garda Italy,

"Market Segmentation and information diffusion in China's stock markets: evidence from a causality test with a new procedure”, (with M. Guo),

Taipei International Quantitative Finance Conference”, July, Taipei.2001.

“Pattern of foreign direct investment in China in 1990s: the case study of Shanghai”, Conference of Economists, Economic Society of Australia Annual

Conference, September 1995.

“Foreign direct investment in China in the 1990s”, Chinese Studies Association of Australia, the Fourth Biennial Conference,

Macquarie University 1995.

“Shanghai’s role in China’s export-oriented economy in the 1980s”, The PhD Conference in Economics and Business, Australia National

University, Canberra, November 1992.

“Export and economic growth, a case of Shanghai”, Annual Conference of Chinese Economic Association (Australia),

University of Adelaide, November 1992

14

“The implication of economic reform on Shanghai’s exports: 1979 – 1989”, Annual Conference of the Chinese Economic Association (Australia),

Macquarie University, November 1990.

“China’s economic strategy and industrial policy”, Annual Conference of China Association of International Trade, Fuzhou,

China, December 1987.

(viiii) Invited Academic Paper Presentations

2013 Department of Finance and Banking, School of Economics & Finance, Curtin Business

School, Curtin University, 14 March 2013.

2012

Business School, University of International Business and Economics, 13 December 2012.

School of Accountancy, Central University of Finance and Economics, 12 December 2012

Shanghai National Accounting Institution, 10 December 2012 Department of Accounting, Finance and Economics, Griffith University, 12 October

2012. School of Finance, Shanghai Lixin University of Commerce, 28 September 2012. Hanqing Advanced Institute of Economics and Finance at Renmin University of China,

26 September 2012. Deliotte-Fudan Accounting Forum, School of Accounting, Fudan University, 25

September 2012. School of Accounting Economics and Finance Faculty of Business and Law, Deakin

University, 6 September 2012. School of Business, La Trobe University, 2 March 2012. Department of Finance, Shanghai university of Finance and Economics, 10 April, 2012. School of Management & Engineering, Nanjing University, 12 April, 2012. School of Commerce, University of South Adelaide, 22 February 2012. School of Accounting Economics and Finance Faculty of Business and Law, Deakin

University, 10 May 2012. 2011

School of Finance and Economics, UTS, November 2011. INSEAD, 25 February, 2011. Business School, University of Technology Sydney, 2 November 2011. University of Southern California, 2011. (by co-author) SICF 2011 (by co-author) Loyola Marymount University (LMU), 2011 (by co-author)

2010

School of Economics, Fudan University, Shanghai, 21 April, 2010. Cheung Kong Graduate School of Business, 22 April, 2010. (presented by co-author) Lee Kong Chian School of Business at Singapore Management University, 26 March

2010.

15

School of. Accounting, Economics, and Finance at University of Southern Queensland, 24 February 2010.

School of Management and Economics at the University of Electronic Science and Technology of China, Chengdu, in 26 April 2010.

2009 South China University of Technology in 4 January 2009. School of Finance, Shanghai University of Finance and Economics, 16 October 2009, Korean University Business School on 7th December 2009.

2008 School of Investment and Finance, Sun Yat-Set University in 29

December 2008.

4.3 Recent Research Supervision

(i) PhD students supervised as principal supervisor 8. Qigui LIU (accepted in March 2013 as principal supervisor), “The implication of

Disproportional Ownership in emerging market: evidence from Chinese listed firms”, presently Lecturer, School of Accounting and Finance, University of Wollongong.

[Recipient: University Postgraduate Award scholarship, started from March 2011; 2011 HDR Student Excellence Award of Faculty of Commerce, UOW 2012 HDR Student Excellence Prize of Faculty of Commerce, UOWExaminers' Commendation for Outstanding Thesis, 2013].

7. Steve TULIG (awarded at UOW in 2011 as principal supervisor), “A comparative assessment of quantitative stock selection methodologies”, presently Lecturer, School of Accounting and Finance, University of Wollongong.

6. Wenjuan RUAN (awarded at UOW in 2011 as principal supervisor), “Managerial

Ownership and Financing Policy”, presently Lecturer, Murdock Business School, Murdock University. [Recipient, China Scholarship Council, UOW waived tuition fee, 2008-2011]. [Prize Winner, HDR Student Excellence Awards, Commerce Staff Awards 2009, Faculty of Commerce, UOW].

5. Xiaofei Pan (awarded at UOW in 2011 as principal supervisor), “Corporate CEO pay and firm performance and corporate governance in China”, presently Lecturer, School of Accounting and Finance, University of Wollongong. [Recipient, Faculty of Commerce Scholarship and UOW matching-up scholarship 2008-2011][Prize Winner, Best Paper Award in Corporate Finance at the 2010 FMA Asian Conference in Singapore, for a joint paper with Mike Lemmon, Jerry Cao, Xiaofei Pan and Gary Tian, “Political Promotion, CEO Compensation, and Their Effect on Firm Performance”].

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4. Yuqing Zhu (awarded at UOW in 2010 as principal supervisor), “Ownership Structure, Board Composition, and CEO Pay-performance relationship: evidence from China”, presently Lecturer, School of Accounting and Finance, University of Wollongong. [Recipient, UOW waived tuition fee in 2009].

3. Nongnit CHANCHARAT (awarded at UOW in 2009 as principal supervisor), “Examination Financial distressed company in Australia: the application of survival analysis”, presently Assistant Professor, Faculty of Management Sciences, Khon Kaen University. She is currently the Head of Finance Discipline, Faculty of Management Science, Khon Kaen University.[Recipient, Royal Thai Government Scholarship for Higher Degree Study, 2005-2009],[Prize Winner, Best Paper Award, the 2007 European Applied Business Research Conference, Clute Institute for Academic Research, Padova, Italy, 2007].

2. Rami Zeitun (awarded at UWS in 2007 as principal supervisor): “Ownerships structure, capital structure, firm performance and default risk in Emerging market. A case study of Jordan”, presently Assistant Professor, Department of Finance and Economics, College of Business and Economics, Qatar University.

1. Mingyuan Guo (awarded at UWS in 2006 as principal supervisor): “Chinese Stock Market Intraday Return and Volatility: Microstructure Approach”.

As co-supervisorAbu-Sharia: “The Theory and Empirical Study of Stock Market Development, Economic Reform and Economic Growth In The Case of Arab Stock Markets” presently CFO, Al Hokair Group/Manar Financial Investment.

(ii) Recent completed undergraduate Honours theses

4. Erin Beecroft The relationship between CEO payment, firm performance and corporate governance. (first class Honours, H1), graduated in 2010.

3. Anthony Flint “PE Ratios and Earning Growth, Australian Cases” (first class Honours, H1), graduated in 2009

2. Yuanfang Zhao: “Market Linkages of China’s Dual-Listed A- and H- Shares” (first class Honours, H1), graduated in 2009

1. Anthony West: “the impact of imputation on dividend policy, new evidence from Australian listed companies using Lindt model” (first class Honours, H1), graduated in 2008.

(iii) Theses In Progress

PhD thesis as principal supervisor

Jinghua TANG, “Political Connection and CEO Risk-Taking Incentives” [recipient, Australian Postgraduate Award Scholarship, started from January 2012]

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Can AN, “Credit risk management in China”

Ching (Jane) Chou, “Examination on Market Integrity”[Recipient, Capital Market CRC scholarship started from December 2008].

Liangbo MA, “The Corporate Bond Underwriting Markets in China” [recipient, Australian Postgraduate Award Scholarship, started from January 2013]

Tianpei Luo, “Shareholder Wealth and Director Resignation: Evidence from Chinese Listed Companies”

5 GRANTS as a first named Chief Investigator

24. Tian, G 2012, Faculty of Commerce, UOW Strategic Research Directions Grant, “Chinese Commerce Research Centre”, $10,000.

23. Tian, G 2011, Faculty of Commerce, UOW Strategic Research Directions Grant, “Chinese Commerce Research Centre”, $9,900.

22. Tian, G 2011, Faculty of Commerce, Conference Convention and visitor Grant, $5,000.

21. Tian, G 2010, Chunhui Research Funding from the Ministry of Education of the People’s Republic of China for travel and accommodation for research collaboration with Chinese colleagues in University of Electronic Technology and Science in Chengdu, $5,600.

20. Tian, G 2010, Faculty of Commerce, UOW Strategic Research Directions Grant, “Chinese Commerce Research Centre”, $7,900.

19. Tian, G 2010, ARC Pilot Project Support funding for ARC Discover 2010, Faculty of Commerce, $5000.

18. Tian, G 2009, Research funding from School of Finance in Shanghai University of Finance and Economics for travel and accommodation for research collaboration, $4,500.

17. Tian, G 2009, Research grant from Lee Kong Chian School of Business, Singapore Management University for travel and accommodation to visit there in 2010, $5,000.

16. Tian, G 2008, Faculty of Commerce, UOW Strategic Research Directions Seek Grant, “Chinese Commerce Research Centre”, $10,000.

15. Tian, G. 2006, UWS Research Grant Scheme project titled "Limit order, liquidity patterns and trading environments with manipulation, evidence from Chinese stocks", $22,148. (Cost centre: 20531, Project Codes: 80576).

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14. Tian, G. 2006, COB Professional Development Program financial assistance on “Limit order market, liquidity patterns and emerging markets”, College of Business, University of Western Sydney, $5000.

13. Tian. G. 2004, CLAB Research Activity Support Scheme on “International Financial Market Integration: an examination over major Financial Crises”, College of Law and Business, University of Western Sydney, $5000. (Cost centre: 20531, Project Codes: 01871)

12. Tian, G. 2003, CLAB Research Activity Support Scheme on “Financial Market Integration Among greater China region”, College of Law and Business, University of Western Sydney, $3000.

11. Tian, G. 2001, School Seed Grant on “Seasonality in returns on the Chinese stock markets”, School of Economics and Finance, University of Western Sydney, $5000.

10. Tian, G. 2000, University Seed Grant on “Economic factors and securities return: econometric evidence from Stock Exchanges in China in 1990s”, University of Western Sydney, $8000.

9. Tian, G. 1999, Research Grant from Australian Research Council (ARC Small Grant) on “Economic factors and securities return: econometric evidence from Asian emerging markets”, Flinders University, $12,281;

8. Tian, G. 1999, University Small Research Grants Scheme on “Investing in emerging markets: the effectiveness of portfolio diversification with time-varying risk, a case study of Shanghai Stock Exchange”, $4,349, Flinders University.

7. Tian, G. 1998, Research Grant from Australian Research Council (ARC Small Grant) on “Foreign Direct Investment-led Growth from econometric evidence”, $7,100;

6. Tian, G. 1998, Flinders University’s URB Grant on “Immigration and unemployment: Econometric evidence from an international comparison between Australia, Canada and the USA”, $3800, Flinders University.

5. Tian, G. 1997, Research Grant from Australian Research Council (ARC Small Grant) for 1997 on China’s Internal Trade: A Co-Integration Test. $5,500; Flinders University’s URB Grant on FDI-led growth model, $5,500.

4. Tian, G. 1996, La Trobe University’s Research Grant for research on “A Gravity Model of China’s Internal Trade: A Case of Shanghai”, $2,500.

3. Tian, G. 1995, School Research Grant, La Trobe University for research on joint ventures in China, $3,000.

2. Tian. G. 1994, School Research Grant, La Trobe University for the book “Shanghai's role in China's economic development During the Reform Era”, $2,000

1. Tian, G. 1994, International Seminar Support Scheme (ISSS) by Australia International Development Assistance Bureau and Chinese Consulate in Melbourne for supporting the

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international conference "China's Economy Towards 2000" which was held at La Trobe University, $8,000.

Nongnit Chancharat and Surachai Chancharat, Gary Tian as Mentor, Contract Number MRG5380144 funded by Thailand Research Fund (TRF)Title: An Examination of Technical Efficiency of SMEs in Thailand: Data Envelopment Analysis Approach (15 June 2010 to 31 December 2012)

6 TEACHING EXPERIENCEPostgraduate courses (including MBA and Master of Applied Finance)

Advanced Finance Theories (PhD course); Advanced Portfolio Management; Corporate Finance, Investment Management; Portfolio Management; Advanced Financial Topics; Risk Management;

Undergraduate coursesAdvanced Corporate Finance; International Financial Management and Portfolio Analysis; Introductory Business Finance; Managerial Economics, International Finance and Business Forecasting; Asian in the World Economy and Chinese Economy.

Executive EducationExpert Course Director, IBC Asia Ltd’s workshops, topics covers Derivatives trading, risk management and corporate finance in China between 2002-2004; Lecturer, Kingold Group executive workshops on capital raising and mergers and acquisitions in China in 2002. Guest lecturer, Law School at UOW on public finance and corruptions in China, 2012.

7. OTHER PROFESSIONAL ACTIVITIES

7.1 Editorial Board

Editorial board, Journal of the Asia Pacific Economy (2009+) Editorial advisory board, Corporate Governance, the International Journal of

Business in Society (2010)

7.2 Anonymous referee

Journals for which I have served as a referee since 2001 are:

Journal of Banking and Finance (2011)Corporate Governance International Review (1in 2010, 2011 and 2 in 2013)Australian Journal of Management (1 in 2011 and 2 in 2012)Accounting and Finance (2010)Pacific-Basin Journal of Finance (1in 2004 and 2009 each)Journal of the Asia Pacific Economy (1 in 2002, 2003, 2005, 2006, 2010, 2011 each and 2 in 2008

and 2009)Journal of Business and Finance (2012)

Journal of Business Research (2012)

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Multinational Finance Journal (1 in 2004, 2010 and 2011)Applied Economics. (1 in 2005)and 2009); The Review of Pacific Basin Financial Markets and Policies (2006);Corporate Governance: The International Journal of Business in Society (1 in 2005, 2007 and 2009

each); Journal of Population Economics (1 in 2005); Australian Economic History Review (1 in 2002); Australian Economic Papers (1 in 2003, 1 in 2006)China Economic Quarterly (1 in 2001)Review of European Journal of Finance (1 in 2007)Physica A (2 in 2007)Chinese Economic Review (1 in 2007)Emerging Market Review (1 in 2007 and 2009 each)Applied Financial Economics (1 in 2008)AABFJ (1 in 2010 and 2011)Review of European Journal of Finance (2007)Quarterly Review of Economics and Finance (2008)

7.3 Chair and Memberships

Asian Finance Association Board Members (2012 - 2014)Advisory board member, China and Emerging Markets Research Centre, Deakin University (2012)

Scientific Advisory Board, International Conference on Innovation, Documentation and Teaching Technologies: “New Changes in Technology and Innovation” Universitat Politecnica De Valencia, Valencia, Spain, May 6-7 2013. The American Financial Association (1999+);Financial Management Association International (2002+);The Economic Society of Australia, NSW branch (1992-2003)Multinational Finance Society, US; (2002-2004)European financial management Association; (2002-2004)Program Committee member, Southern Finance Association (2006) Academic committee member, Chinese Economic Association (Australia); (1990+)Asian-Pacific Research Institute, Macquarie University (1997-2000) President, 1995, the Association for Chinese Economic Studies (Australia)

Listing in Marquis Who's Who 2010Fellow member, Finsia - Financial Services Institute of Australasia (2009 +)Member of the Australian Universities China Research Committee (2011+)

7.4 Dissertation Examination

2013 PhD (Deakin Uni.); PhD (Latrobe Uni.); PhD (Macquarie Uni.); Master (UNSW) 2012 PhD (UNSW); PhD (Griffith Uni.); PhD (Curtin Uni.); PhD (UWA)2011 PhD (UNSW)2009 Honours thesis (UOW); Master thesis (UOW)2008 PhD thesis (Curtin Uni.); Honours thesis (UWS)2007 3 Honours (UOW)2006 PhD thesis

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2005 Honours (UOW)2003 Honours (UOW)2000 Honours (UWS)1998 PhD (ANU)

8. ADMINISTRATION (University Committee & Faculty Services):

8.1 AdministrationDirector, Chinese Commerce Research Centre (2008+)PhD Adviser, School of Accounting and Finance (2007+)Head of Postgraduate Studies, School of Accounting and Finance (April 2007 – July 2012) Acting Head of School of Accounting and Finance (July 2012)

8.2 Academic Committees

University of WollongongFaculty Chair, Subcommittee for introducing two HDR training subjects (2012)Faculty Probation Committee, Faculty of Commerce (2012)Faculty Research Committee (2007-2012)

School School Executive Committee (2007+)Selection Committee (2007+)

University of Western SydneyFacultyCLAB Research Committee (2000-06)PG Review Committee (2002-04) offshore Review Committee (2002 – 04),UMI Int’l Working Committee (2002-04)SchoolCourse Adviser, Master of Applied Finance (MAF), Master of Finance (MOF), Master of International Trade and Finance (MITF) (2007)Academic Adviser, Master of Applied Finance program, (1999-2003)UWS AUQA audit process Committee, (2006)Australasian Finance Research Group (2000-06) Acting Coordinator, the Australasian Finance Research Group (2004) Research Committee (2000-06); Honours Program Committee (2000-2006); Teaching Committee (2000-2006)Coordinator, Off Shore program, (2000 – 2002)Coordinator, China Link Program, (1999 – 2003)

Flinders UniversityCoordinator, Promoting education in China, (1997-98), Faculty Research Committee (1997-98)

La Trobe UniversityConference Convenor, "China's Economy Towards 2000", which was held in February 1995.

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9 EDUCATION AND QUALIFICATIONS

Master of Applied Finance, Macquarie University, 1999PhD in Economics, Macquarie University, 1994Master in Economics, Shanghai University of Finance and Economics, China, 1987 Bachelor of Science, Shanghai University of Science and Technology, China, 1982

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