Laura Xiaolei Liu is Professor of Finance and Accounting at Guanghua School of Management, Peking University. She received her PhD from University of Rochester. Her PhD thesis was awarded the Best Corporate Finance Paper Award at Western Finance Association conference and the Best PhD Paper Award at Southwestern Finance Association conference. Her research interest is capital markets and empirical corporate finance. Her work has been published in leading academic journals including Journal of Political Economy, Journal of Finance, Review of Financial Studies, Journal of Monetary Economics, and Management Science. Before joining Guanghua, Professor Liu was an associate professor with tenure at Hong Kong University of Science and Technology. In 2011, she visited Cheung Kong Graduate School of Business where she taught Private Equity Financing.