EMBA in Shanghai Faculty


Hillman, Amy – Ph.D, Texas A&M University

Dr. Amy Hillman is the Rusty Lyon Chair of Strategy and Dean of the W. P. Carey School of Business at Arizona State University. She received her PhD from Texas A&M University in Strategic Management and Business and Public Policy in 1996 and was inducted Outstanding Doctoral Alumni from her alma mater in 2008.

Her areas of interest include corporate political strategies, boards of directors, and corporate strategy. Her research includes over 30 peer-reviewed articles published in leading journals such as Academy of Management Review, Academy of Management Journal, Strategic Management Journal, Organization Science, and Administrative Science Quarterly. She was elected a Fellow of the Academy of Management in 2014 and is a Founding Fellow of the International Corporate Governance Society.

She is former Editor of Academy of Management Review and a former Associate Editor of Academy of Management Journal.  She also serves or has served on the Editorial Review Boards of the Academy of Management Journal, Strategic Management Journal, Journal of Management, Academy of Management Learning & Education, Business Horizons, and Journal of International Business Studies. She has received five outstanding reviewer awards from these journals.

In addition to her service to the profession through editorial roles, Amy has served the Business Policy & Strategy division of the Academy of Management as Co-Chair, Mid-Career Consortia, Co-Chair, New Faculty Consortia, and on the Executive and Research Committees. She has served the Social Issues in Management division of the same organization as Best Paper Committee Chair and served the Strategic Management Society on the Best Paper Committee.

Amy joined ASU in June 2001. An award-winning undergraduate, MBA and doctoral teacher, she previously taught at the Ivey Business School at The University of Western Ontario, the Broad Business School at Michigan State University and the Mays College of Business at Texas A&M University. In addition, she has spent several summers as a guest professor at the Institute for International Management at Johannes Kepler University in Linz, Austria, and taught during her doctoral program at her undergraduate alma mater Trinity University. She has also published seven teaching cases used in classrooms around the world.

Prior to joining academia, Amy was general manager of a retailing and manufacturing organization in the Southwest United States. Today, Amy serves on the board of publicly traded CDK Global, on the independent governance committee of U-Haul International, and on the nonprofit boards of AACSB and the ASU Research Park.


Xia, Dawei – Professor&Supervisor of Doctoral Candidates

President of Shanghai National Accounting Institute (SNAI), secretary of SNAI's Party Committee, secretary-general of APEC Finance and Development Program (AFDP), Professor and Supervisor for doctoral candidates. Professor Xia received his Master's Degree in Economics from the Department of Industrial Economics, Shanghai University of Finance and Economics in 1985. From 1988 to 1990, he was a visiting researcher at Osaka City University. From 1993, he worked at Shanghai University of Finance and Economics, as Dean of the School of International Business Administration, Assistant to President, Vice President and Executive Vice President of the university. He was then concurrently designated to be Deputy Chief of China's Association of Industrial Economics Research and Development, Vice President of China Accounting Society, Director of Shanghai Industrial Economics Research Committee, member of Research Council for Listed Companies of Shanghai Stock Exchange Committee. In 1997, he was awarded as the Cross-century Talent of China by the Ministry of Finance of China. In 1998, he was listed as the Cross-century Talent on Culture and Social Science by the Ministry of Education of China, and enjoys a special government allowance authorized by the State Council.


Pei, Beck K. W. – PhD, University of North Texas

Professor of Accountancy Ker-Wei (Buck) Pei currently serves on the Board of Directors of Baosteel Group, as chairman of the audit committee. Baosteel Group is a Fortune Global 200 company and is one of the largest steelmaker in the world.  Professor Pei also serves on the Board of Directors as Chairman of the nomination committee of Want-Want China Holding — one of the most recognized brands in China, Taiwan and Hong Kong.  He also served as the chairman of Globalization Committee of the American Accounting Association in 1997 and as the President of Chinese Accounting Professors Association –North America in 1993 and 1994.  Professor Pei consults many multinational firms such as Motorola, Intel, Honeywell, Cisco and Bank of America on various projects relating to supply chain management, customer relationship management, business process reengineering, and e-business initiatives.

Professor Pei's research interests include strategic cost management, strategic innovations in information technology, supply chain integration, behavioral decision-making, and incentive design and performance measurement. He has recently published articles in such leading academic journals as Management Science, Decision Sciences, Auditing: A Journal of Practice & Theory, Organizational Behavior and Human Decision Processes, Journal of Information Systems, Journal of Behavioral Decision Making, Journal of Economic Psychology, and Accounting, Organization & Society. He has won a number of teaching awards at the W. P. Carey School, including: Outstanding Undergraduate Teaching Award in 1996, and Outstanding Graduate Teaching Award 1997. He also received a state-wide teaching excellence award — Arizona Teacher of the Year (1998)— from Arizona CPA Foundation for his curriculum innovations in accounting. Professor Pei received his PhD in accounting from University of North Texas in 1986.


Li, Kouqing

Mr. Li Kouqing is the Secretary of the CPC Committee and the President of Shanghai National Accounting Institute (SNAI) and Asia-Pacific Finance and Development Institute (AFDI). He is professor and doctoral supervisor. He also holds concurrent positions as Vice President of China Enterprise Management Research Association, Executive Member of the Council of the Accounting Society of China, and Executive Member of the Council of China Association of Chief Financial Officers. He is an expert entitled to the special subsidy from the State Council.

Prior to joining SNAI in 2000, Li was on the faculty team of the Department of Economics and Trade, Shanghai University of Finance and Economics (SUFE) since 1988. From 1998 to 2000, he was the Principal Coordinator of the Sino-US Joint MBA Program at SUFE.
Li obtained his PhD in Business Administration from SUFE. From 1996 to 1997, he was a visiting scholar at the American Graduate School of International Management (Thunderbird).

Mr. Li Kouqing is the Secretary of the CPC Committee and the President of Shanghai National Accounting Institute (SNAI) and Asia-Pacific Finance and Development Institute (AFDI). He is professor and doctoral supervisor. He also holds concurrent positions as Vice President of China Enterprise Management Research Association, Executive Member of the Council of the Accounting Society of China, and Executive Member of the Council of China Association of Chief Financial Officers. He is an expert entitled to the special subsidy from the State Council.

Prior to joining SNAI in 2000, Li was on the faculty team of the Department of Economics and Trade, Shanghai University of Finance and Economics (SUFE) since 1988. From 1998 to 2000, he was the Principal Coordinator of the Sino-US Joint MBA Program at SUFE.

Li obtained his PhD in Business Administration from SUFE. From 1996 to 1997, he was a visiting scholar at the American Graduate School of International Management (Thunderbird).


Bonadurer, Werner – PhD, University of St. Gallen, Switzerland

Werner Bonadurer is a clinical professor of finance at ASU’s W. P. Carey School of Business. Professor Bonadurer lectured previously at the University of St. Gallen in Switzerland. His expertise benefits students in courses on portfolio management, security analysis, derivative securities, financial risk management, and international finance. Professor Bonadurer received his bachelor’s degree in business administration from the Zurich University of Applied Sciences, Zurich, Switzerland and graduated with honors as Master of Business Administration from the Wharton School, University of Pennsylvania in Philadelphia. Werner Bonadurer received his PhD (doctor of business administration with concentration in finance) with highest distinction, summa cum laude, in 2007 from the University of St. Gallen (HSG), St. Gallen, Switzerland. In addition, Professor Bonadurer underwent extensive corporate executive training at the Harvard Business School, the Stern Business School at NYU, the Wharton School at the University of Pennsylvania, the IMD at the Singapore Institute of Management and INSEAD at Fontainebleau in France as well as at the Chicago Mercantile Exchange. Dr. Bonadurer’s research interests concentrate on hedge fund investments. He published new work in his book, The Performance Persistence of Equity Long/short Hedge Funds (published by Paul Haupt Verlag, 2007).

For more than 15 years (1983-1999), Dr. Bonadurer has built worldwide management and senior executive experience with a leading global banking organization as he has lived and worked in the United States, Europe, and Asia. Assignments included positions as joint-chief operating officer of UBS’ Investment Banking division, ,member of the group executive board and global head of UBS’ Group Division “Trading and Sales” with overall management responsibility for the trading and sales of equity and fixed income securities, interest rate and foreign exchange products, precious metals and other commodities (1996-98), and as CEO of UBS in Hong Kong (1993-95). In addition to his ongoing academic work, Werner serves as a member of the board of directors for companies in Switzerland and the U.S.

Werner Bonadurer has been nominated “Global Leader of Tomorrow” by the World Economic Forum, Geneva, Switzerland and “Young Leader” by the American Swiss Foundation, New York.


Bates, Thomas – Ph. D, University of Pittsburgh

Dr. Thomas Bates joined the Department of Finance faculty at the W.P. Carey School of Business as an associate professor and Dean’s Council Distinguished Scholar in 2009.  Prior to his appointment at ASU, Dr. Bates was an associate professor and McCoy Rogers Fellow at University of Arizona, and an assistant professor at both University of Delaware and University of Western Ontario.  Dr. Bates received a BA in Economics from Guilford College in 1991, and received his doctorate in financial economics from the University of Pittsburgh in 2000.

Professor Bates is a regular contributor to the academic literature in financial economics and has published in journals such as the Journal of Finance, Journal of Financial Economics, Journal of Financial and Quantitative Analysis, and Financial Management. His work addresses a variety of issues including the contracting environment in mergers and acquisitions, corporate liquidity decisions and cash holdings, and the governance of corporations. In addition, Bates co-authored the textbooks,Fundamentals of Corporate Finance published by Wiley in the Fall of 2014, and Essentials of Corporate Finance published by Wiley in 2013.

Professor Bates has taught corporate finance to students at the undergraduate, MBA, Executive MBA, and PhD level. Professor Bates currently fills a number of service roles including that of Department Chair for Finance and the Division of Real Estate at the W. P. Carey School of Business at Arizona State University. He also serves as an advisor to the investment committee for the Arizona State University Foundation. In practice, Dr. Bates has consulted with corporations and law firms on issues related to the valuation of companies, corporate governance, and compensation for executives and financial advisors.


Seasholes, Mark

Mark Seasholes conducts research in the field of financial economics, focusing on trading behavior and asset prices around the world. He has written on cross-border equity investments, herding behavior of individual investors, and loss aversion. Seasholes has teaching experience in a number of countries, cultures, and universities, including Harvard University; Santa Clara University; University of Texas at Austin; London Business School; INSEAD, France; University of Grenoble, France; and the Hong Kong University of Science and Technology.

His work experience includes a number of years on Wall Street and in the emerging markets of East/Central Europe. Seasholes was one of the first equity analysts in post-communist Poland. He has completed a valuation project in Honduras, helped with the Lloyds of London restructuring, and given a series of lectures in China. He also worked with State Street Bank and Trust and their portfolio flow indices.


Crocker, Lui – PhD, University of Texas-Austin

Dr. Crocker Liu is a professor of real estate at the School of Hotel Administration where he holds the Robert A. Beck Professor of Hospitality Financial Management. He previously taught at New York University’s Stern School of Business (1988-2006) where he was the associate director of real estate and more recently at Arizona State University’s W. P. Carey School of Business (2006-2009) where he held the McCord Chair in addition to being the Director of The Center for Real Estate Theory and Practice. He earned a BBA Real Estate/Finance from the University of Hawaii in 1976, a MS Real Estate from Wisconsin in 1980, and a PhD Finance/Real Estate in 1988 from University of Texas-Austin.

He is the former Co-Editor of the Journal of Real Estate Economics, the top academic real estate journal. He also was on the editorial board of the Journal of Real Estate Finance and Economics, Journal of Property Research, and the Journal of Real Estate Finance. He currently serves on the advisory board of the Real Estate Research Institute.

As one of the most cited researcher in real estate finance, Dr. Liu is a national expert on real estate finance, particularly topics related to market efficiency, valuation, and asset securitization. His research has been published in the Review of Financial Studies, the Journal of Financial Economics, the Journal of Business, the Journal of Financial and Quantitative Analysis, Journal of Law and Economics, Journal of Financial Markets, Review of Finance, Journal of Urban Economics, Regional Science and Urban Economics Real Estate Economics, Journal of Real Estate Finance and Economics, and the Journal of Real Estate Research.

Professor Liu is also an excellent faculty in classroom as evident by his teaching awards at NYU as the Undergraduate Teacher of the Year (1996-1997 and also 2001-2002) and Executive MBA in Finance Teacher of the Year (1997, 1999). In 1999, he became a Distinguished Teaching Fellow. He has one teaching award at Cornell.


Gu, Bin – Phd, University of Pennsylvania

Bin Gu is Earl and Gladys Davis Distinguished Professor and Associate Dean - China Programs at the W. P. Carey School of Business at Arizona State University. Professor Gu’s research interests are in data analytics, online platforms, online social media and social network, mobile commerce, and IT-enabled business models. His work has appeared in Management Science, MIS Quarterly, Information Systems Research, Journal of Management Information Systems, Production and Operations Management, Journal of Retailing, Decision Support Systems, Journal of Financial Service Research, and other academic journals.

In addition to his research activities at the W. P. Carey School of Business, Professor Gu maintains an active international research agenda. He has received multiple research grants from the Robert Wood Johnson Foundation, the NET Institute, Center for the Studies of Economic Liberty, Center for Service Leadership, and National Science Foundation of China. Professor Gu teaches Emerging Technology, IT-enabled Business Model and Business Analytics Strategy across multiple online and onsite platforms at the graduate level both in the U.S. and in China.

Prior to joining ASU, Professor Gu served on the faculty at McCombs School of Business at the University of Texas at Austin. He completed his dual bachelor’s degrees in international business and computer science from Shanghai Jiaotong University with a rank of top 1 percent, and his MA and PhD degrees in Information Management from the Wharton School of the University of Pennsylvania.

Professor Gu currently serves on the editorial boards of MIS Quarterly as a senior editor, and Information Systems Research as an associate editor. He also serves as an associate editor or program committee member of International Conference on Information Systems (ICIS), INFORMS Conference on Information Systems Technology (CIST) and ACM Conference on Electronic Commerce (ACM EC).

Professor Gu's research was awarded the 2017 Hawaii International Conference on System Sciences Best Paper Award, the 2016 W. P. Carey Faculty Research Award, the 2012 and 2014 Emerald Citations of Excellence Award, the 2014 Americas Conference on Information Systems Best Research-in-Progress Award, the Journal of Retailing Top Cited Article 2007-2011, the 2008 Information Systems Research Best Published Paper Award, and the 2007 International Conference on Information Systems (ICIS) Best Paper-in-Track Award. Before joining academia, Professor Gu had worked for Arthur Andersen as a consultant. He can be reached at Bin.Gu@asu.edu.


Libai, Barak – PhD, University of North Carolina–Chapel Hill

Professor Barak Libai is on the marketing group of the Arison School of Business at the Interdisciplinary Center (IDC), Herzliya, Israel. Previously was a faculty member in the Recanati Graduate School of Business, Faculty of Management, Tel Aviv University, at the Industrial Engineering and Management faculty of the Technion - Israel Institute of Technology, and a visiting Professor at the MIT Sloan School of Management.

His research deals much with customer social effects such as word of mouth, and their effect on new product growth and the firm's profitability, growth of markets for new products, and customer relationship management. He has published in journals such as Marketing Science, Journal of Marketing, Journal of Marketing Research, Journal of Service Research, and the International Journal of Research in Marketing, among others. His research on the economic consequences of customers' interactions have won prizes from the Journal of Service Research, The Marketing Science Institute, The American Marketing Association, the International Journal of Research in Marketing, and ESOMAR, among others.


Zhang, Zhongju – PhD, University of Washington

Zhongju Zhang is Co-director of the Actionable Analytics Lab and Associate Professor of Information Systems at the W. P. Carey School of Business, Arizona State University. Prior to that, Zhang was on the faculty of the School of Business at the University of Connecticut, and was the founding director of the MS degree program in business analytics and project management. Zhang has extensive knowledge with experiential and executive education. He has consulted extensively for General Electric on various data-centric analytics projects, and has experience developing data analytics initiatives in the Leadership Development Program for Travelers.

Zhang’s research focuses on how information technology and data analytics impact consumer behavior and decision making, create business value, and transform business models. His work has appeared in academic journals including Information Systems Research, MIS Quarterly, Production and Operations Management, INFORMS Journal on Computing, Journal of Management Information Systems, Decision Support Systems, European Journal of Operational Research, Decision Sciences. Zhang has won numerous research and teaching awards, including the Best IS Publications of the Year Award, Research Excellence Award, MBA Teacher of the Year Award, Ackerman Scholar Award.


He, Xuehui*

Xuehui HE is a Professor of Finance at the School of Finance at Shanghai University of International Business and Economics (SUIBE). He is also a Senior Partner and Chief Quantitative Fund Manager of Shanghai Jishen Investment Management Corporation. He holds a PhD of Fudan University. He used to teach at Hunan University and Shanghai National Accounting Institute, and also serve as the Dean of the SUBIE School of Finance. He also teaches EMBA or EDP courses for Peking University, Xiamen University, South-East University, and so on.

Professor He’s research interests include corporate financial decision making, financial investment strategy, and behavioral finance. He has published in some top Chinese academic journals such as Research in Finance, Journal of Finance and Trade, and also some international journals such as Journal of Economic Policy Reform.