• Lyu Changjiang

    Professor/Associate Dean

    Accounting

    Add: Guoshun Road Li Dasan Building 10F, Lidasan Building

    Tel: 25011008(TEL)

    E-mail: cjlu@fudan.edu.cn

    Research Field: Accounting and Capital Market, Managerial Accounting

    Website:

    Teacher information
    Achievements in scientific research
    Academic activities and community service

    Academic Posts

    2007.01—,Editor Board,Accounting Research

    2007.01—,Member of Editorial Board,China Journal of Accounting Research

    2007.01—,Editor Board,Contemporary Accounting Review

    2002.01—,Committee Member,Chinese Accounting Review


    Journal Papers


    1.Haijie Huang, Edward Lee, Changjiang Lyu, and Zhenmei (Judy) Zhu2024Does firm-level political uncertainty affect the mispricing of earnings? A natural experiment through government-to-business revolving doorAbacus 60(3) 446-491.  



    2.Haijie Huang, Edward Lee, Changjiang Lyu, and Yiyi Zhao2020Bequest motive, information transparency, and family firm value: A natural experimentJournal of Corporate Finance (65) 1-22.  



    3.Changjiang Lyu, Kemin Wang, Frank Zhang, and Xin Zhang2018GDP management to meet or beat growth targetsJournal of Accounting & Economics 66(1) 318-338.  



    4.Haijie Huang, Edward Lee, Changjiang Lyu, and Zhenmei Zhu2016The effect of accounting academics in the boardroom on the value relevance of financial reporting informationInternational Review of Financial Analysis 45 18-30.  



    5.Jingjing Xu, Changjiang Lu2008Accounting Conservatism: A Study of Market-Level and Firm-Level Explanatory FactorsChina Journal of Accounting Research 1(1) 11-29.  



    6.Haiwei Chen, James Chong, Changjiang Lu, Kemin Wang2008The Effectiveness of Regulatory Policy Changes on the Volatility Dynamics of the Chinese Stock MarketsThe Chinese Economy vol.41(2) 5-23.  



    7.Haiping Zhou, Changjiang Lu2007Does Auditor Size Change Investors' Perceptions of Audit QualityChina Accounting and Finance Review vol.9(3) 67-84.  



    8.LV Changjiang, WANG Kemin, CHEN Haiwei and James Chong2007Integrating A-and B-Share Markets in China: The Effects of Regulatory Policy Changes on Market EfficiencyReview of pacific basin financial markets and policies v.10.n.3 309-329.  



    9.Changjiang Lyu2025How does management accounting innovate in an uncertain environment?China Management Accounting Review (4) 5-8(in Chinese) 



    10.Changjiang Lyu and Kajun Sun2025How does management accouniting empower technology innovation?China Management Accounting Review 38(4) 62-66(in Chinese) 



    11.Yifan, Zhang, Changjiang Lyu and Qi Lin2025IPO system of STAR Board and innovation: Evidence based on the effectiveness of listing standardsAccounting Research (3) 147-162(in Chinese) 



    12.Kanglong Hong, Shuai Shao, and Changjiang Lü2024Actual controller’s industry expertise and company innovationNankai Business Review 27(6) 100-111(in Chinese) 



    13.Changjiang Lyu2024Management accounting innovations in the digital age中国管理会计 32(4) 5-7(in Chinese) 



    14.Haoxue Chen, Changjiang Lv, and Linshan Fan2023Social media, management earnings forecasts and capital market efficiency: evidence from investor E-interactionNankai Business Review 26(6) 116-127(in Chinese) 



    15.Lei Yuan, Yawen Guo, Changjiang Lv, and Hong He2023Research on the intelligent treasury management accounting system: evidence from the practice of Baowu management accountingAccounting Research (4) 173-192(in Chinese) 



    16.Peixin Wang and Changjiang Lyu2023Can environment and economics develop together in harmony? Evidence from innovationNankai Business Review 26(1) 67-81(in Chinese) 



    17.Yili Wu, Changjiang Lyu, and Chenkai Ni2022Can the refund of uncredited value-added tax promote corporate risk-takingAccounting Research (12) 31-44(in Chinese) 



    18.Changjiang Lyu2022How management accounting help firm achieve double carbon target?China Management Accounting Review (2) 18-21(in Chinese) 



    19.Linshan Fan, Changjiang Lyu, and Haoxue Chen2022Can new media help alleviate the contagion effect? ——Evidence from environmental violationsAccounting Research (3) 28-46(in Chinese) 



    20.Yuanzhu Ding, Yan Shen, Peilin Liu, Jinhua Li, Xuefeng He, Hong Cheng, Yunzhou Du, Yi Su, Haijian Li, Junqiang Liu, Shi Li, Shouying Liu, Li Gan, Changjiang Lyu, Hui Xu, Biliang Luo, Shiwei Yang, and Yanbin Chen2021Respond to general secretary Xi Jinping’s call for writing papers to the motherlandManagement World 37(9) 1-35(in Chinese) 



    21.Yili Wu, Changjiang Lv, and Chenkai Ni2021Value-added tax neutrality, corporate investment and valuation: evidence from the reform of uncredited VAT refundManagement World (8) 180-194(in Chinese) 



    22.Ye Liu and Changjiang Lyu2021Leverage trading behavior and stock return——evidence from margin trading and short sellingAccounting Research (5) 82-94(in Chinese) 



    23.Huibo Han, Jilu Tong, Changjiang Lyu, and Zhaokun Bu2020Shared benefits, business partnership, and management accounting innovationsChina Management Accounting Review 14(4) 54-65(in Chinese) 



    24.Yunjia Chen, Changjiang Lv, Haijie Huang, and Hui Ding2020Why firms choose ESOPs? Evidence from market value managementAccounting Research (5) 91-103(in Chinese) 



    25.Xiaowen Zhu and Changjiang Lyu2019Cultivating successors of the family firm: overseas training or domestic trainingEconomic Research Journal (1) 68-84(in Chinese) 



    26.Hui Ding, Changjiang Lv, and Yunjia Chen2018Investor information capability, difference of opinion and stock price crash risk: evidence from SSE E-interactionManagement World 34(9) 161-171(in Chinese) 



    27.Hang Liu and Changjiang Lyu2018Strategic effect of tax avoidance: The causal impact of tax avoidance on firms’ product market performanceJournal of Financial Research (7) 158-173(in Chinese) 



    28.Bailu Liu and Changjiang Lyu2018Research on M&A based on long-term orientation——Evidence from Chinese family businessAccounting Research (6) 47-53(in Chinese) 



    29.Haijie Huang, Changjiang Lyu, and Xiaowen Zhu2018Second generation involvement and corporate innovation: evidence from ChinaNankai Business Review 21(1) 6-16(in Chinese) 



    30.Hui Ding, Changjiang Lyu, and Haijie Huang2018Social media, investor sophistication and earning expectation: evidence from SSE E-InteractionEconomic Research Journal 53(1) 153-168(in Chinese) 



    31.Yiyi Zhao and Changjiang Lyu2017The research of family members' role in the boardManagement World (9) 155-165(in Chinese) 



    32.Xuan Liu and Changjiang Lyu2017Who sign the compensation contract? Nature of contracting parties and contracting role of accounting information—— Evidence from China's local SOEsAccounting Research (1) 75-81(in Chinese) 



    33.Bailu Liu and Changjiang Lü2016The effect of ownership structure among family members in Chinese family firmsEconomic Research Journal (11) 140-152(in Chinese) 



    34.Haijie Huang, Changjiang Lv and Hui Ding2016The reputation of independent directors and earnings quality: analysis from the perspectives of independent directors with financial backgroundManagement World (3) 128-143(in Chinese) 



    35.Haijie Huang, Changjiang Lv, and Edward Lee2016The influence of four trillion investment policy on firm investment efficiencyAccounting Research (2) 51-57(in Chinese) 



    36.Yiyi Zhao and Changjiang Lv2015Family or money?—— The impact of family relationship on compensation contract in family firmsAccounting Research (8) 32-40(in Chinese) 



    37.Shao shuai and Changjiang Lv2015Can the actual controllers' directly holding stocks increase the company's value?: A study from the evidence of China's private listed companiesManagement World (5) 134-146(in Chinese) 



    38.Changjiang Lv and Huibo Han2014VAM, synergy and distribution of gains from M&AJournal of Audit & Economics (6) 3-13(in Chinese) 



    39.Changjiang Lv and Shuai Shao2014The effect of the sticky knowledge on the economic growth in China: Based on spatial econometrics models using Chinese provincial dataChina Management Review (1) 25-49(in Chinese) 



    40.Xiaowei Wong, Keming Wang, and Changjiang Lv2014The influence of the family involvement in management on IPO under-pricingManagement World (1) 156-166(in Chinese) 



    41.Xu, Jingjing and Changjiang Lv2013Correlation between valuation role and incentive role of accounting information——Discussion based on analytical modelAccounting Research (5) 11-18(in Chinese) 



    42.Changjiang Lv and Haiping Zhang2012The effect of listed company's incentive plan for stock option on the policy about the distribution of the money paid for sharesManagement World (11) 133-143(in Chinese) 



    43.Zhou, Xianhua, Qingquan Fan, Changjiang Lv, and Xin Zhang2012Foreign shareholder and dividend payout: Based on China's empirical evidenceThe Journal of World Economy 35(11) 112-140(in Chinese) 



    44.Han, Huibo, Changjiang Lv, and Ran Li2012Inefficient pricing, managerial stock incentives and stock dividendsJournal of Finance and Economics 38(10) 47-56,100(in Chinese) 



    45.Xin, Yu and Changjiang Lv2012Incentive, welfare, or reward: the dilemma of stock-option-incentive plan in state-owned enterprisesAccounting Research (6) 67-75(in Chinese) 



    46.Lv, Changjiang and Haiping Zhang2011The effect of the equity incentive plans on corporate investment behaviorsManagement World (11) 118-126(in Chinese) 



    47.Chen, Ce and Changjiang Lv2011Different board's influence on accounting conservatism---Empirical study of Chinese private enterprises from motherboard and small-and-medium enterprise boardAccounting Research (9) 32-39(in Chinese) 



    48.Zhang, Haiping and Changjiang Lv2011Stock option awards and accounting policy choices: Analysis based on asset impairment accountingJournal of Finance and Economics 37(7) 60-70(in Chinese) 



    49.Xiao, Chengmin and Changjiang Lv2011Market regulation, earnings distribution change and earnings management: A comparative analysis of ST and SEO regulationNankai Business Review 14(1) 138-147(in Chinese) 



    50.Jingjing Xu, Changjiang Lv2011Executive Property and Earnings Quality in Family Firms: Evidences from Chinese Listed CompaniesManagement World (1) 112-120(in Chinese) 



    51.Jingjing Xu, Changjiang Lv2011The Correlation between Executive Compensation and Accounting Performance in Family FirmsJournal of Management Accounting Studies (1) 11-24(in Chinese) 



    52.Chengmin Xiao, Changjiang Lv2010Is the Accounting Conservatism of China's Listed Companies Caused by Earnings Manipulation? Evidence Based on Different Aggregation Methods of Quarterly EarningsAccounting Research (9) 17-24(in Chinese) 



    53.Hetong Lou, Huilian Zheng, Haiping Zhang, Changjiang Lv2010The Conflicts between Income Tax Regulations of Executive Equity Incentives and Incentive EffectJournal of Finance and Economics vol.36(9) 37-47(in Chinese) 



    54.Changjiang Lv2010Stock Option Incentive Plan, Not WelfarePKU Business Review Vol.67 104-109(in Chinese) 



    55.Changjiang Lv, Jingjing Xu2010Dividend Signaling Effect: From the View of Dividend Change AnnouncementNankai Business Review Vol.13(2) 90-96(in Chinese) 



    56.Changjiang Lv, Xianhua Zhou2009Investor Protection, Ownership Concentration and ExpropriationQuarterly Journal of Finance Vol.5(1) 39-64(in Chinese) 



    57.Changjiang Lu, Na Gong2009Accounting Treatment of Stock Option Incentive and its Economic Consequences-- A Case Study Based on Yili Industrial GroupAccounting Research (5) 53-61(in Chinese) 



    58.Changjiang Lu, Yuheng Zhao2009The Incentive Effect of State Owned Enterprise Manager -Based on the Explanation of Managerial Power PerspectiveLabor Economy and Labor Relations (2) 52-66(in Chinese) 



    59.Changjiang Lu, Yuheng Zhao2008The Incentive Effect of State Owned Enterprise Manager -Based on the Explanation of Managerial Power PerspectiveManagement World (11) 99-109(in Chinese) 



    60.Changjiang Lu, Yubiao Zhang, Chengmin Xiao2008Corporate Governance, Expropriation and Corporate PerformanceAccounting Forum (1) 22-39(in Chinese) 



    61.LV Changjiang, XIAO Chengmin2007The Conditional Analysis of the Ultimate Controlling Shareholder Expropriate Minority Shareholder:The Extend of LLSV ModelAccounting Research 10 82-86(in Chinese) 



    62.LV Changjiang, SONG Dalong2007Long-term Performance of Corporate Control Right TransferJournal of Shanghai Lixin University of Commerce 5 48-56(in Chinese) 



    63.LV Changjiang, ZHAO Yuheng2007Survival Analysis on ST Firm RestructuringResearch on Financial and Economic Issues 06 86-91(in Chinese) 



    64.LV Changjiang, JIN Chao and HAN Huibo2007Capital Structure, Manager Expropriation and Firm PerformanceJournal of Finance and Economics .05 50-61(in Chinese) 



    65.LV Changjiang, JIN Chao and CHEN Ying2007The Influence of Leverage on Corporate Growth: Active or Passive?Research on Financial and Economic Issues 2 80-85(in Chinese) 



    66.ZHOU Haiping, LV Changjiang2007Does Auditor Size Change Investors' Perceptions of Audit Quality?China Accounting and Finance Review 2007.03 47-84(in Chinese) 



    67.Changjiang Lu, Chengmin Xiao2007The Ownership Structure Arrangement and Behavior of “Tunneling” in Private Listed Companies-Based on Case Study of Sunshine Group投资与证券(人大复印资料) (2) 84-93(in Chinese) 



    68.LV Changjiang, XIAO Chengmin2006The Ownership Structure Arrangement and Behavior of “Tunneling” in Private Listed Companies-Based on Case Study of Sunshine GroupManagement World 10 128-138(in Chinese) 



    69.LV Changjiang, ZHOU Xianhua2006A Positive Research on China Insurance Company InsolvencyJournal of Finance and Economics 10 80-91(in Chinese) 



    70.LV Changjiang, ZHAO Yuheng2006Empirical Analysis on ST Company Life TrackEconomic Management 4 44-51(in Chinese) 



    71.LV Changjiang, ZHOU Xianhua2005Corporate Governance and Payout Incentive-Based on Agency Cost and TunnelingNankai Business Review vol.8(3) 9-17(in Chinese) 



    72.LV Changjiang, ZHAO Yan2004On the Financial Position Classification of Listed CompaniesAccounting Research (11) 53-62(in Chinese) 



    73.LV Changjiang, WANG Libin2004Corporate Board Structure and PerformanceResearch on Financial and Economic Issues (10) 65-73(in Chinese) 



    74.LV Changjiang, XU Lili and ZHOU Lin2004Comparative Analysis of Corporate Financial Distress and Financial BankruptcyEconomic Research (8) 64-73(in Chinese) 



    75.LV Changjiang, HAN Huibo2004Corporate Financial Distress, Financial Distress Indirect Cost and PerformanceNankai Business Review vol.7(3) 80-85(in Chinese) 



    76.LV Changjiang, ZHAO Yan2004The Survival Analysis of Chinese Special Treatment FirmsChinese Accounting Review (2) 32-46(in Chinese) 



    77.LV Changjiang, HAN Huibo2003Comparative Influence of Dividends and Earnings Information on A, B Share MarketChinese Accounting Review vol.(1) 62-76(in Chinese) 



    78.LV Changjiang, ZHAO Yan2003Study on the Existence of Beta Coefficient and Its Related Characteristic in Securities MarketNankai Business Review (1) 35-43(in Chinese) 



    79.LV Changjiang, ZHANG Yanqiu2002The Influence of Corporate Financial Situation on Agency Cost of DebtThe Journal of Quantitative & Technical Economics (12) 108-112(in Chinese) 



    80.LV Changjiang2002Comparative Analysis of Cash Dividend and Share DividendEconomic Management (6) 80-84(in Chinese) 



    81.LV Changjiang, WANG Kemin2002Interaction Mechanism among Corporate Capital Structure, Dividend Policy and Managerial OwnershipAccounting Research (3) 39-48(in Chinese) 



    82.LV Changjiang, WANG Kemin1999Empirical Analysis of Dividend Policy of Listed CompaniesEconomic Research Journal (12) 31-39(in Chinese) 


    Translated Works

    Liyan Wang, Changjiang Lv, Zhiyuan Liu, Yunguo Liu, Guliang Tang, Zezhong Xiao, Wei Luo, Yuming Hu, Jianqiao Hong, Yuanlue Fu, Fei PanHandbook of Management Accounting Research (Volume 1),Beijing,China Renmin University Press,2009.12 (in Chinese)

    LV ChangjiangAdvanced Management Accounting,Dalian,Dongbei University of Finance and Economics Press,2007.05 (in Chinese)

    LV changjiangFinancial Accounting: Reporting & Analysis,Beijing,Economic Science Press,2007.03 (in Chinese)

    Teaching Materials, etc.

    LV Changjiang, HAN Huibo and ZHAO Yan2006Management AccountingFudan University PressShanghai(in Chinese)

    LV Changjiang, WANG Kemin, HAN Huibo and ZHAO Yan2004Financial ManagementNankai University PressTianjin(in Chinese)

    Research Projects

    2025.01—2028.12Principal InvestigatorResearch on IPO System of the Science and Technology Innovation Board and Its Economic ConsequencesNational Natural Science Foundation of China

    2017.01—2020.12Principal InvestigatorThe Effect of Investor Sophistication on Market Efficiency under Environment of Information TechniqueNational Natural Science Foundation of China

    2015.07—2018.07Principal Investigator, , Accounting Expert Training Project

    2014.01—2017.12Principal InvestigatorFamily Firm Governance Structure, Executives Incentives Mechanism and Accounting Information QualityNational Natural Science Foundation of China

    2010.03—2010.12MemberStudy on Capital of Roject South to North Water DiverstionConstruction Committee of Project South to North Water Diversion in State Council

    2009.01—2011.12Principal InvestigatorStudy on the Negative Effect of Corporate Executives Stock Option---Based on Accounting Choices and Insider TradingsNational Natural Science Foundation of China

    2008.08—2010.07Principal InvestigatorStudy on Corporate CEO Stock Option SystemShanghai Planning Office of Philosophy and Social Science

    2007.01—2010.12MemberEvaluation Theories and Methods for Investors' InterestsKey Project of National Science Foundation of China

    2006.01—2008.12Principal InvestigatorOwnership Structure, Expropriation of Minority Shareholders and Firm ValueNational Natural Science Foundation of China

    2006.01—2008.12Principal InvestigatorResearch on Corporate Executive Incentive and CompensationMinistry of Education of China

    2004.03—2005.12Principal InvestigatorResearch on Corporate Financial Position Classification and Early ForecastingMinistry of Finance of China

    2002.05—2003.12Principal InvestigatorResearch on Two Stages of Corporate Financial Early ForecastingNational Planning Office of Philosophy and Social Science


    Academic Posts

    2007.01—,Editor Board,Accounting Research

    2007.01—,Member of Editorial Board,China Journal of Accounting Research

    2007.01—,Editor Board,Contemporary Accounting Review

    2002.01—,Committee Member,Chinese Accounting Review