Pan, Xiaofei

Overview

Dr Xiaofei Pan is an Associate Professor of Finance within the Faculty of Business and Law. He completed PhD and joined the UOW in February 2011.

His research interests include empirical corporate finance, political economy and bank lending/financial institutions in emerging markets. His papers are published in a number of high quality finance and accounting journals, such as Management Science, Journal of Corporate Finance, Journal of Banking and Finance, European Accounting Review, Auditing: A Journal of Practice and Theory and others. He has received OCTAL awards and other various awards for his teaching and research. He also serves as referee for various finance and accounting journals.

Research Areas

Research Overview

Dr Pan's research interests include:
- Empirical corporate finance
- Political economy
- Financial institutions/bank lending
- Emerging markets

Geographic Focus

Asia-Pacific Continent
China Country

Available as Research Supervisor

Available for Collaborative Projects

Member Of

Centre for Contemporary Australasian Business and Economics Studies Member 2017 -
Accounting and Finance Association of Australia & New Zealand (AFAANZ) Member 2014 -
American Finance Association Member 2013 -
Asian Finance Association (AsianFA) Member 2012 -

Selected Publications

Journal Article

Year	Title
2022	Asset Pledgeability and Firm Innovation
2021	Depoliticization and corporate cash holdings: Evidence from the mandated resignation of directors in China Published In Journal of Corporate Finance
2021	How does reciprocal rent-seeking between politicians and auditors influence audit quality? - Evidence from China Published In Accounting Horizons
2020	Institutional investors, controlling shareholders and CEO pay‐performance relationship: evidence from China Published In Accounting and Finance
2020	Political promotion, CEO incentives, and the relationship between pay and performance Published In Management Science
2020	Bank Work Experience Versus Political Connections: Which Matters for Bank Loan Financing? Published In International Review of Finance
2020	Does policy uncertainty influence mergers and acquisitions activities in China? A replication study Published In Pacific-Basin Finance Journal
2020	Family control and cost of debt: Evidence from Thailand Published In Pacific Basin Finance Journal
2020	Political connections and corporate investments: Evidence from the recent anti-corruption campaign in China Published In Journal of Banking and Finance
2020	The value of family control during political uncertainty: Evidence from Thailand's constitutional change in 2014¹ Published In Emerging Markets Review
2019	Institutional investors, controlling shareholders and CEO pay‐performance relationship: evidence from China Published In Accounting and Finance
2019	Political promotion, CEO incentives, and the relationship between pay and performance Published In Management Science
2018	Decentralization and firm investment: Evidence from China Published In International Review of Finance
2018	To what extent did the economic stimulus package influence bank lending and corporate investment decisions? Evidence from China Published In Journal of Banking and Finance
2017	Accounting conservatism, bank lending and firm investment: Evidence from a quasi-experiment of China's stimulus package Published In Pacific-Basin Finance Journal
2017	Political capital and CEO entrenchment: evidence from CEO turnover in Chinese non-SOEs Published In Journal of Corporate Finance
2017	Political connections, audit opinions and auditor choice: Evidence from the ousters of government officers Published In Auditing: a Journal of Practice and Theory
2016	Bank Lending Decisions and the Value Effect of Loan Announcements: New Evidence from the Sensitivity between Bank Loans and Firm Performance Adjusted for Earnings Management in China
2016	Family control and loan collateral: Evidence from China Published In Journal of Banking and Finance
2016	How does corporate governance affect loan collateral? Evidence from Chinese SOEs and non-SOEs Published In International Review of Finance
2016	Legal liability, Government intervention, and auditor behavior: Evidence from structural reform of audit firms in China Published In The European Accounting Review
2015	Does banks' dual holding affect bank lending and firms' investment decisions? Evidence from China Published In Journal of Banking and Finance
2015	Political Connections, Audit Opinions and Auditor Choice: Evidence from Corruption Cases
2014	Corporate Governance and Collateral Requirements: Evidence from China's Listed Firms
2014	Does the Economic Stimulus Package Stimulate Firm Investment and Improve Investment Efficiency? Evidence from China
2014	Ownership structure and collateral requirements: evidence from China's listed firms Published In International Review of Financial Analysis
2013	Does CEO pay dispersion matter in an emerging market? Evidence from China’s listed firms Published In Pacific-Basin Finance Journal
2011	Disproportional ownership structure and pay–performance relationship: evidence from China's listed firms Published In Journal of Corporate Finance

Conference Paper

Year	Title
2018	Institutional Ownership and Firm Innovation Performance: Evidence from China Published In Asian Finance Association (AsianFA) 2018 Conference

Investigator On

Year	Title
2020	Policy uncertainty, migration and firm value in Australia Awarded by: AFAANZ Research Fund Funding Scheme: Research Fund
2018	Product market competition and firm innovation in China Awarded by: Accounting & Finance Association of Australia and New Zealand (AFAANZ) Funding Scheme: Research Development Grant

Available as Research Supervisor

Potential Supervision Topics

Corporate finance in emerging market
Law, finance and politics

Teaching Activities

Postgraduate course: FIN 926 Advanced Managerial Finance Instructor
Undergraduate Course: FIN 223: Investment Analysis Instructor

Advisees

Graduate Advising Relationship

Degree	Research Title	Advisee
Doctor of Philosophy (Integrated)	Political Institution and Audit Quality: Evidence from China	Tian, Yunlin
Doctor of Philosophy	The Effect of Government Ownership on Bank Loan loss Provisions: Evidence from China	Pan, Nengqi
Doctor of Philosophy	Political corruption, institutions and corporate policies.	Zeng, Elvis
Doctor of Philosophy	The Covid-19 Pandemic and Merger and Acquisitions: Evidence from China	Ma, Ruichen Ma

Education And Training

Ph.D. in Finance, University of Wollongong 2008 - 2011

Awards And Honors

Outstanding Contribution to Teaching and Learning (OCTAL), 2020
Best Paper Award, conferred by Financial Market and Corporate Governance , 2019
Best Paper Award, conferred by Forum of Auditing Theory and Innovation Development , 2017
Best Paper Award in Corporate Finance, conferred by FMA Asian Conference, Singapore, 2010
Nominated Scholarship of DLUT, 2007
Second Best Paper Prize, conferred by Dalian Economic Census Transactions, 2006
University Postgraduate Awards, conferred by University of Wollongong, 2008 - 2010

Keywords

- Empirical corporate finance
- Political economy
- Financial institutions/bank lending
- Emerging markets

Full Name

Dr. Xiaofei Pan

Mailing Address

School of Accounting, Economics and Finance, UOW

Northfields Ave

Wollongong

NSW

2522

Australia

Research Areas

Research Overview

Dr Pan's research interests include:
- Empirical corporate finance
- Political economy
- Financial institutions/bank lending
- Emerging markets

Geographic Focus

Asia-Pacific Continent
China Country

Member Of

Centre for Contemporary Australasian Business and Economics Studies Member 2017 -
Accounting and Finance Association of Australia & New Zealand (AFAANZ) Member 2014 -
American Finance Association Member 2013 -
Asian Finance Association (AsianFA) Member 2012 -

Selected Publications

Journal Article

Year	Title
2022	Asset Pledgeability and Firm Innovation
2021	Depoliticization and corporate cash holdings: Evidence from the mandated resignation of directors in China Published In Journal of Corporate Finance
2021	How does reciprocal rent-seeking between politicians and auditors influence audit quality? - Evidence from China Published In Accounting Horizons
2020	Institutional investors, controlling shareholders and CEO pay‐performance relationship: evidence from China Published In Accounting and Finance
2020	Political promotion, CEO incentives, and the relationship between pay and performance Published In Management Science
2020	Bank Work Experience Versus Political Connections: Which Matters for Bank Loan Financing? Published In International Review of Finance
2020	Does policy uncertainty influence mergers and acquisitions activities in China? A replication study Published In Pacific-Basin Finance Journal
2020	Family control and cost of debt: Evidence from Thailand Published In Pacific Basin Finance Journal
2020	Political connections and corporate investments: Evidence from the recent anti-corruption campaign in China Published In Journal of Banking and Finance
2020	The value of family control during political uncertainty: Evidence from Thailand's constitutional change in 2014¹ Published In Emerging Markets Review
2019	Institutional investors, controlling shareholders and CEO pay‐performance relationship: evidence from China Published In Accounting and Finance
2019	Political promotion, CEO incentives, and the relationship between pay and performance Published In Management Science
2018	Decentralization and firm investment: Evidence from China Published In International Review of Finance
2018	To what extent did the economic stimulus package influence bank lending and corporate investment decisions? Evidence from China Published In Journal of Banking and Finance
2017	Accounting conservatism, bank lending and firm investment: Evidence from a quasi-experiment of China's stimulus package Published In Pacific-Basin Finance Journal
2017	Political capital and CEO entrenchment: evidence from CEO turnover in Chinese non-SOEs Published In Journal of Corporate Finance
2017	Political connections, audit opinions and auditor choice: Evidence from the ousters of government officers Published In Auditing: a Journal of Practice and Theory
2016	Bank Lending Decisions and the Value Effect of Loan Announcements: New Evidence from the Sensitivity between Bank Loans and Firm Performance Adjusted for Earnings Management in China
2016	Family control and loan collateral: Evidence from China Published In Journal of Banking and Finance
2016	How does corporate governance affect loan collateral? Evidence from Chinese SOEs and non-SOEs Published In International Review of Finance
2016	Legal liability, Government intervention, and auditor behavior: Evidence from structural reform of audit firms in China Published In The European Accounting Review
2015	Does banks' dual holding affect bank lending and firms' investment decisions? Evidence from China Published In Journal of Banking and Finance
2015	Political Connections, Audit Opinions and Auditor Choice: Evidence from Corruption Cases
2014	Corporate Governance and Collateral Requirements: Evidence from China's Listed Firms
2014	Does the Economic Stimulus Package Stimulate Firm Investment and Improve Investment Efficiency? Evidence from China
2014	Ownership structure and collateral requirements: evidence from China's listed firms Published In International Review of Financial Analysis
2013	Does CEO pay dispersion matter in an emerging market? Evidence from China’s listed firms Published In Pacific-Basin Finance Journal
2011	Disproportional ownership structure and pay–performance relationship: evidence from China's listed firms Published In Journal of Corporate Finance

Conference Paper

Year	Title
2018	Institutional Ownership and Firm Innovation Performance: Evidence from China Published In Asian Finance Association (AsianFA) 2018 Conference

Investigator On

Year	Title
2020	Policy uncertainty, migration and firm value in Australia Awarded by: AFAANZ Research Fund Funding Scheme: Research Fund
2018	Product market competition and firm innovation in China Awarded by: Accounting & Finance Association of Australia and New Zealand (AFAANZ) Funding Scheme: Research Development Grant

Potential Supervision Topics

Corporate finance in emerging market
Law, finance and politics

Teaching Activities

Postgraduate course: FIN 926 Advanced Managerial Finance Instructor
Undergraduate Course: FIN 223: Investment Analysis Instructor

Advisees

Graduate Advising Relationship

Degree	Research Title	Advisee
Doctor of Philosophy (Integrated)	Political Institution and Audit Quality: Evidence from China	Tian, Yunlin
Doctor of Philosophy	The Effect of Government Ownership on Bank Loan loss Provisions: Evidence from China	Pan, Nengqi
Doctor of Philosophy	Political corruption, institutions and corporate policies.	Zeng, Elvis
Doctor of Philosophy	The Covid-19 Pandemic and Merger and Acquisitions: Evidence from China	Ma, Ruichen Ma

Education And Training

Ph.D. in Finance, University of Wollongong 2008 - 2011

Awards And Honors

Outstanding Contribution to Teaching and Learning (OCTAL), 2020
Best Paper Award, conferred by Financial Market and Corporate Governance , 2019
Best Paper Award, conferred by Forum of Auditing Theory and Innovation Development , 2017
Best Paper Award in Corporate Finance, conferred by FMA Asian Conference, Singapore, 2010
Nominated Scholarship of DLUT, 2007
Second Best Paper Prize, conferred by Dalian Economic Census Transactions, 2006
University Postgraduate Awards, conferred by University of Wollongong, 2008 - 2010

Keywords

- Empirical corporate finance
- Political economy
- Financial institutions/bank lending
- Emerging markets

Full Name

Dr. Xiaofei Pan

Mailing Address

School of Accounting, Economics and Finance, UOW

Northfields Ave

Wollongong

NSW

2522

Australia

Geographic Location

Wollongong, NSW, Australia

Located In Facility

40.326

Orcid Id

http://orcid.org/0000-0003-1532-2224 (confirmed)

Overview

Overview

Research Areas

Research Overview

Geographic Focus

Available as Research Supervisor

Affiliation

Available for Collaborative Projects

Member Of

Publications

Selected Publications

Journal Article

Conference Paper

Funding

Investigator On

Supervision

Available as Research Supervisor

Potential Supervision Topics

Teaching Activities

Advisees

Graduate Advising Relationship

Background

Education And Training

Awards And Honors

Keywords

Contact

Full Name

Mailing Address

Geographic Location

Located In Facility

Identity

Orcid Id

Overview

Research Areas

Research Overview

Geographic Focus

Affiliation

Member Of

Publications

Selected Publications

Journal Article

Conference Paper

Funding

Investigator On

Supervision

Potential Supervision Topics

Teaching Activities

Advisees

Graduate Advising Relationship

Background

Education And Training

Awards And Honors

Keywords

Contact

Full Name

Mailing Address

Geographic Location

Located In Facility

Identity

Orcid Id

Visualisations

Research Areas

Geographic Focus