Faculty

Research Fields

Energy economics and policy, firm theory of industrial organization economics, industrial development and structural adjustment, firm competitiveness, property rights system and corporate governance, and financial markets and securities liquidity

Education

D.Phil in Economics, University of Oxford, 1998

M.Phil in Shipping Economics, University of Liverpool, U.K., 1989

B.Sc. in Nautical Engineering, Shanghai Maritime University, China, 1983

Work Experience

2015 – 2016, Associate Head of Department of Economics and Finance, Chair Professor in Economics and Chinese Economy, Brunel University

2012 – 2015, Director for Centre of Accounting, Finance and Corporate Governance, Brunel University,

2010 – 2013, Head of Economics and Finance Department, Chair Professor in Economics and the Chinese Economy, Brunel University London

2006 – 2009, Senior Lecturer in Economics at Brunel University London

1999 – 2006, Lecturer in Economics at Brunel University London

1996 – 1999, Lecturer at Middlesex University London

1989 – 1992, Research Officer at Institute of Economics & Statistics, University of Oxford

Publications

“Green Silk Road and Belt Economic Initiative and Local Sustainable Development: Through the Lens of China’s Clean Energy Investment in Central Asia” with Shuqin Gao, International Journal of Environment and Climate Change, 2024; 14 (7): 480–498.

“The impacts of consumer-funded renewable support schemes in the UK: From the perspective of consumers or the electricity sector?” with Jing Shao and Jinke Li, Renewable and Sustainable Energy Reviews, 2023; 183: 113498.

“Which Market Enhances Market Efficiency by Improving Liquidity? Evidence of Market Liquidity in Relation to Returns of Stocks” with Jinke Li, Andros Gregoriou, and Yibo Bo, Asian Economic Papers, 2023; 22 (1): 33–61.

“An evaluation of the consumer-funded renewable obligation scheme in the UK for wind power generation” with Jing Shao, Huanhuan Chen, and Jinke Li, Renewable and Sustainable Energy Reviews, 2022; 153: 111788.

“Vertical integration, recycling mechanism, and disadvantaged independent suppliers in the renewable obligation in the UK” with Jing Shao and Jinke Li, Energy Economics, 2021; 94: 105093.

“Do more mergers and acquisitions create value for shareholders?” with Shaomeng Li and Andros Gregoriou, Review of Quantitative Finance and Accounting, 2021; 56 (2): 755–787.

“Understanding the ROC transfer payment in the renewable obligation with the recycling mechanism in the United Kingdom” with Jinke Li and Jing Shao, Energy Economics, 2020; 87: 104701.

“How do markets value stock liquidity? Comparative evidence from the UK, the US, Germany and China” with Andros Gregoriou and Yibo Bo, Economics Letters, 2020; 186: 108500.

“The performance impact of firm ownership transformation in China: mixed ownership vs. fully privatised ownership” with John Beirne and Pei Sun, Journal of Chinese Economic and Business Studies, 2015; 13 (3): 197–216.

“An introduction: the challenges of the Chinese electricity industry and its reform” with Eric Girardin and Jinghai Zheng, Journal of Chinese Economic and Business Studies, 2014; 12 (4): 333–352.

“The Chinese electricity industry: supply capacity and its determinants with reference to OECD countries” with Liang Zhang and Eric Girardin, Journal of Chinese Economic and Business Studies, 2014; 12 (4): 353–382.

“The efficiencies of Chinese coal-fired power plants: a stochastic-frontier approach” with Jean-Baptiste Lesourd and Stéphane Genoud, Journal of Chinese Economic and Business Studies, 2014; 12 (4): 383–393.

“The impact of bank competition and concentration on industrial growth” with Ali Mirzaei and Sotiris Vandoros, Economics Letters, 2014; 124 (1): 60–63.

“Global oil prices and the impact of China” with John Beirne, Christian Beulen, and Ali Mirzaei, China Economic Review, 2013; 27: 37–51.

“Investigating the voluntary European embedded value (EEV) disclosure practices in the European life insurance industry” with Muhammad Almezweq, International Journal of Accounting, Auditing and Performance Evaluation, 2013; 9 (2): 101–125.

“Does market structure matter on banks’ profitability and stability? Emerging versus advanced economies” with Ali Mirzaei and Tomoe Moore, Journal of Banking & Finance, 2013; 37 (8): 2920–2937.

“Electricity intensity across Chinese provinces: New evidence on convergence and threshold effects” with M. J. Herrerias, Energy Economics, 2013; 36: 268–276.

“Labour supply and pollution in China” with Jun Yang, John Beirne, and Pengfei Sheng, Applied Economics Letters, 2013; 20 (10): 949–952.

“Market Structure and Bank Profitability: Emerging versus Advanced Economies” with Ali Mirzaei and John Beirne, Economics Bulletin, 2012; 32 (4): 3166–3173.

“The value relevance of voluntary European embedded value disclosures: evidence from UK life insurance companies” with Muhammad Almezweq, International Journal of Accounting and Finance, 2012; 3 (4): 343–366.

“Understanding the Performance of the Electric Power Industry in China” with Liang Zhang, Asian Economic Papers, 2012; 11 (2): 62–92.

“Electricity pricing in China and the role of the State” with John Beirne and Liang Zhang, Economics Bulletin, 2012; 32 (1): 466–474.

“The dual pricing and consumption behaviour in China 1983–1995,” Journal of Chinese Economic and Business Studies, 2003.

“Corporate governance failure and contingent political resources in transition economies: A longitudinal case study” with Pei Sun and Kamel Mellahi, Asia Pacific Journal of Management, 2011; 28 (4): 853–879.

“The board structure and its impacts on performance: a case of Chinese companies,” Management World, The Development Centre of the State Council, 2004.

“The ultimate ownership and firm performance,” Economic Research Journal, China Academy of Social Science, 2003.

“Value creation versus profits: What does it differ? — A theory and its application to Chinese quoted companies,” Economic Research Journal, China Academy of Social Science, 2002.

“Corporate governance and enterprise performance,” Enterprise Management, The Development Centre of the State Council, 1998.

“The property right and firm performance,” Economic Research Journal, China Academy of Social Science, 1998.