I am a researcher in empirical corporate finance and empirical asset pricing. My current work studies how financial contracting, corporate governance, and managerial background shape firm outcomes, with a particular interest in workplace safety, creditor rights, and the cost of capital.

I am currently a Research Assistant in the Department of Finance at The Chinese University of Hong Kong.

Research Interests

• Empirical Corporate Finance
• Empirical Asset Pricing
• Corporate Governance
• Financial Contracting and Bankruptcy
• Workplace Safety and Employee Welfare

Selected Research

• Xiaoran Ni, Jin Xu, and David Yin. “Are Enhanced Creditor Rights in Bankruptcy Desirable to Shareholders? Evidence from the Cost of Equity Capital.” Journal of Banking & Finance, Volume 175, 2025, Article 107442.
• Lee Biggerstaff, Jin Xu, Xiaoran Ni, and David Yin. “CEO Rugged Individualism and Workplace Safety.” Working paper.
• Jin Xu, Xiaoran Ni, and David Yin. “Classified Board and Workplace Safety.” Working paper.

News

• 2025: “Are Enhanced Creditor Rights in Bankruptcy Desirable to Shareholders? Evidence from the Cost of Equity Capital” was published in the Journal of Banking & Finance.
• 2024: “CEO Rugged Individualism and Workplace Safety” was presented at IAAE, AsianFA, GCFC, and FMA Annual.