Radford University
Liang Shao
Associate Professor
Acctng, Finance & Info Sys, Dept of
- Phone:
- (540) 831-5668
- Address:
-
Kyle Hall 0270
Box 6951 - Email:
- lshao@radford.edu
Biography
I enjoy the meaningfulness of teaching and have over ten years of experience teaching finance courses—including Investments, Corporate Finance, International Finance, and Personal Financial Planning—at both undergraduate and graduate levels in the United States and Hong Kong.
My research interests lie in international finance, corporate finance, and the role of national institutions. My work has been published in academic journals such as the Journal of International Business Studies, Journal of World Business, Financial Management, and the Journal of Corporate Finance, among others. Recently, I am particularly interested in bridging the gap between academic research in business and the practical needs of the industry.
Education
Ph.D. in Finance and International Business, University of South Carolina, Columbia, SC.
M.A. in International Economics, Peking University, Beijing, China.
B.A. in International Economics, Peking University, Beijing, China.
Recent Research and Engagement
Bhowmik, R., Debnath, N., Shao, L., & Zheng, M. Freedom and the commitment to shareholder loyalty. Paper presented at the 2020 Academy of International Business (AIB) Annual Conference.
Kot, H., Shao, L., & Tam, L. National culture and cross-listing decisions. Paper presented at the 2020 Academy of International Business (AIB) Annual Conference.
Lu, Y., Shao, L., & Zhang, Y. National culture and CSR emphasis. Paper presented at the 2022 Academy of International Business (AIB) Annual Conference.
Lu, Y., Shao, L., & Zhang, Y. The growing political power of large firms and the downward cash ETR trend. Paper presented at the 2022 American Accounting Association Annual Meeting; also presented at the 2025 Annual Congress of the European Accounting Association.
Qiu, Y., Shao, L., & Wang, L. Political freedom and CSR. Paper presented at the 2024 Academy of International Business Asia-Pacific Conference.
Shao, L., Tang, G., Yi, J., & Zheng, M. Can economic reform succeed without political freedom? Paper presented at the 2019 Financial Management Association (FMA) Annual Meeting; 2019 China Conference of the Chinese Economic Association; and 2019 Asian Finance Association Annual Meeting.
Courses Taught
FINC331 Introduction to Business Finance
FINC332 Intermediate Business Finance
FINC341 Insurance I
FINC351 Personal Financial Planning
FINC438 Financial Decision Making
FINC439 International Finance
FINC441 Individual and Business Insurance Planning
Publications- Journals
Shao, L., Xie, Z., Qiu, Y., & Wang, L. (2025). US-China decoupling and the Chinese firms’ real option to defer overall but R&D investment. Journal of World Business, 60(4): 1-30.
Shao, L., Wang, L., Xie, Z., & Zhou, H. (2023). Fleeing from systemic risk at home through cross-border acquisitions. Multinational Business Review, 31(3), 333–361.
Lu, Y., Shao, L., & Zhang, Y. (2022). The declining GAAP ETR trend over 1960–2016. Review of Accounting and Finance, 21(5), 398–422.
Shao, L., & Wu, S. (2022). The speeds and channels of cash adjustment. Global Journal of Accounting and Finance, 6(2), 92–111.
Wu, S., Kuehn, K., & Shao, L. (2021). Pinocchio’s nose may be growing: Misstatement risk at Disney. Global Journal of Accounting and Finance, 5(1), 23–44.
Griffin, D., Guedhami, O., Kwok, C., Li, K., & Shao, L. (2018). National culture and the value implication of corporate governance. Journal of Law, Finance, and Accounting, 3(2), 333–372.
Griffin, D., Guedhami, O., Kwok, C., Li, K., & Shao, L. (2017). National culture: The missing country-level determinant of corporate governance. Journal of International Business Studies, 48(6), 740–762.
Guedhami, O., Kwok, C., & Shao, L. (2017). Political freedom and corporate payouts. Journal of Corporate Finance, 43(April), 514–529.
El Ghoul, S., Guedhami, O., Kwok, C., & Shao, L. (2016). National culture and profit reinvestment: Evidence from small and medium-sized enterprises. Financial Management, 45(1), 37–65.
Shao, L., Kwok, C., & Zhang, R. (2013). National culture and corporate investment. Journal of International Business Studies, 44(7), 745–763.
Shao, L., Kwok, C., & Guedhami, O. (2013). Dividend policy: Balancing shareholders’ and creditors’ interests. Journal of Financial Research, 36(1), 42–66.
Shao, L., Kwok, C., & Guedhami, O. (2010). National culture and dividend policy. Journal of International Business Studies, 41(8), 1391–1414.