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Personal profile


Professor Jing Shi is Professor of Finance and Director of China Research Centre at Macquarie University. Prior to that, he held position at the RMIT University (March 2014 -  February 2018) and Australian National University (February 1997 -  March 2014). Professor Shi was a member of the ERA 2015 Research Evaluation Committee (Economics and Commerce) and is currently a Deputy Editor-in-Chief at Accounting and Finance.

Professor Shi’s main research interests are in the areas of empirical corporate finance, corporate governance, political economy and business strategy. His research publications list exceeds 50 articles in a broad range of internationally recognised Economics, Finance, Management and Accounting journals, including American Economic Review, Journal of Political Economy, Administrative Science Quarterly, Strategic Management Journal, Management Science, and Journal of Management Studies, etc.

He received a BComm (Hons 1) from the University of Otago in 1996 and a PhD in Finance from the Australian National University in 2001.

Education/Academic qualification

Finance, PhD, Australian National University

1 Aug 199710 Jan 2001

Finance, BComm (Hon I), University of Otago

20 Feb 19937 Dec 1996

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Research Outputs 1998 2020

Parasites and paragons: Ownershipr reform and concentrated interest among minority shareholders

Jia, N., Shi, J., Wang, C. & Wang, Y., Jan 2020, In : Journal of Management Studies. 57, 1, p. 129-162 34 p.

Research output: Contribution to journalArticleResearchpeer-review

Minority shareholders

CRA reputation and bond yield: evidence from the Chinese bond market

Hu, X., Huang, H., Shi, J. & Wang, H., 1 Apr 2019, In : Asia-Pacific Journal of Financial Studies. 48, 2, p. 185-209 25 p.

Research output: Contribution to journalArticleResearchpeer-review

Bond market
Credit rating agencies
Bond yields
Reputation effect

Dynamic expected shortfall: A spectral decomposition of tail risk across time horizons

Bu, D., Liao, Y., Shi, J. & Peng, H., Nov 2019, In : Journal of Economic Dynamics and Control. 108, p. 1-15 15 p., 103753.

Research output: Contribution to journalArticleResearchpeer-review

Expected Shortfall
Spectral Decomposition

Information asymmetry and credit rating: A quasi-natural experiment from China

Hu, X., Huang, H., Pan, Z. & Shi, J., Sep 2019, In : Journal of Banking and Finance. 106, p. 132-152 21 p.

Research output: Contribution to journalArticleResearchpeer-review

Natural experiment
Information asymmetry
Credit rating agencies

Institutional quality, investment efficiency, and the choice of public–private partnerships

Dao, N. H., Marisetty, V. B., Shi, J. & Tan, M., 1 Aug 2019, In : Accounting and Finance. 34 p.

Research output: Contribution to journalArticleResearchpeer-review

Investment efficiency
Institutional quality
Public-private partnerships
Capital constraints
Cash flow


2016 AFAANZ Research Grant

Haozhi Huang (Recipient) & Jing Shi (Recipient), 2016


Best Paper Award

Haozhi Huang (Recipient), Mingsheng Li (Recipient) & Jing Shi (Recipient), 2015