Link: Academic CV.

Link: Personal Webpage.

Dr. Zhangxin (Frank) Liu is an Associate Professor of Finance at the UWA Business School's Department of Accounting and Finance, and a CEH research affiliate . His research spans asset pricing, corporate finance, economic history, and private equity. Dr. Liu has an extensive publication record in prestigious journals, including the Business History, Economic History Review, Financial Analysts Journal, Journal of Corporate Finance, and Journal of Banking & Finance, among others.

Since 2015, Dr. Liu has received over 15 teaching awards, highlighted by the 2019 AAUT Citation Awards at the national level. He earned his PhD in Finance from the University of Queensland after completing dual bachelor's degrees in Actuarial Studies and Finance (First Class Honours) at the Australian National University.

Dr. Liu also serves on the Faculty Advisory Board for Continuity Capital Partners Pty Limited.

Supervision

PhD: M. Hossain (completed in 2017); D. Cahill (complted in 2022); Lance Malone (since 2021); Y. Qin (since 2024); Y. Hartanto (since 2024).

Honours: A. A. Erlangga (2014); P. Selby (2014); J. Wong (2015); D. Taylor (2016); L. Kole (2016); B. Olma (2016); J. Bentley (2017); N. Furlong (2017); J. Allpike (2018); C. Robertson (2019); Y. Sun (2019); P. Hollingdale (2019); D. Bayer (2019); J. Xie (2020); T. Zheng (2020); B. Chamberlain (2021); G. Davies (2023); T. Santoso (2023); T. Dempster (2024, ongoing); D. Poland (2024, ongoing).

2023 UWA Business School Milne Visiting Professor Program Grant with Dr Stijn Masschelein

2022 UWA Business School Research Grant Awards

2020 UWA Business School COVID-19 Research Grant

2020 UWA Business School Research Grants

2017 BHP Billiton Visiting Professor Award with Dr Zijian Cheng

2016 Ahern Family Early Career Researcher Portfolio Prize

2014 Business School Research Development Scheme

2014 AFAANZ ECR Research Grant

18 “Reverse merger aduit fee premium: Evidence from China”, with Z. Cheng SDU), I. Z. Wang (ANU) and X.Zhao (SUFE).

17 “Is Investor Attention on R/Wallstreetbets Different?”, with D. Cahill (UWA) and L. Smales (UWA). SSRN.

16 “Trading activity and sentiment on the Sydney Stock Exchange, 1901-1950”, with G. Fleming (Continuity Capital Partners), David Merrett (University of Melbourne) and Simon Ville (University of Wollongong).

15 “Gold fever? Investor experience & share ownership during Australian gold mining booms, 1857-1886”, with G. Fleming (Continuity Capital Partners), David Merrett (Uni- versity of Melbourne) and Simon Ville (University of Wollongong).

14 “Share ownership and the introduction of no liability legislation in nineteenth-century Australia”, with G. Fleming (Continuity Capital Partners), David Merrett (University of Melbourne) and Simon Ville (University of Wollongong). CEH Discussion Papers, Centre for Economic History, Research School of Economics, Australian National University.

13 “Australian Innovative Activity and Offshore Techonology, 1904-2016”, with G. Flem- ing (Continuity Capital Partners), David Merrett (University of Melbourne) and Simon Ville (University of Wollongong). CEH Discussion Papers, Centre for Economic History, Research School of Economics, Australian National University.

12 “The Australian corporate bond market before credit ratings, 1915-83”, with G. Flem- ing (Continuity Capital Partners), David Merrett (University of Melbourne) and Simon Ville (University of Wollongong). CEH Discussion Papers, Centre for Economic History, Research School of Economics, Australian National University.

11 “Debt and Labor Employment: Evidence from China”, with X. Chen (Shandong Univer- sity), C. Liu (SDU) and F. Cui (SDU).

10 “Earnings Management in Australian Not for Profit Disability Services”, with D. Gilchrist (UWA) and D. Etheridge (Curtin). SSRN.

9 “SME performance and the US-China trade war: Evidence of China”, with F. Liu (Shan- dong University) and G. Fleming (Continuity Capital Partners). SSRN.

8 “The impact of gender equality laws on the gender gap in access to finance” with Penelope Hollingdale (UWA) and Stijn Masschelein (UWA).

7 “Who said it best? Examining gender differences in managerial vocal cues during quar- terly earnings conference calls” with Devon Bayer (UWA).

6 “Model-Free Risk-Neutral Moments and Proxies” with Thijs van der Heijden (University of Melbourne). Link.

5 “A Climate Fear Gauge” with Martina Linnenluecke (U Macquarie), Tom Smith (U Mac- quarie), Zheyao Pan (U Macquarie) and Jianlei Han (U Macquarie).

4 “Dancing in the Dark: Lit Market Limit Order Book Liquidity and the Informativeness of Dark Trading” with Nicholas H. Furlong (UWA).

3 “Lured by Tax or Lured by Tech? Mergers and Acquisitions in the Pharmaceutical and Biotech Industries” with Sirimon Treepongkaruna (UWA) and Jeremy Wong (UWA).

2 “The Interaction of Tournament Incentive Scheme Pressure with Anxiety and Decision Making” with Lucy Kole and Stijn Masschelein (UWA).

“Forecasting Power of Volatility Indices and Volatility Spill-Over: An International Study” with Ario Erlangga (UWA), Yihui Lan (UWA) and Michael O’Neill (Bond).

Domestic and International

3 years part-time experience with Continuity Capital Partners, a private equity fund of funds based in Canberra.