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Tsinghua SEM 2020-2021 01

School of Economics and Management Tsinghua University 2020 2021 Tsinghua SEM Tsinghua SEM 2020-2021 2020-2021 Contents 01

01 Deans’ Messages Deans’ Messages

02 Tsinghua Overview

03 Tsinghua SEM Overview

04 Organizational Structure Building socialism with Chinese characteristics requires many 06 Milestones talented people in economics and management who understand 08 The Advisory Board both the general rules of the market and the particular circumstances of Chinese enterprises. 10 Faculty Tsinghua University School of Economics and Management should 11 Department of Accounting 13 Department of Economics learn from all the great schools of economics and management 17 Department of around the world and adopt their teaching contents, methods and 21 Department of Innovation, Entrepreneurship and Strategy tools and apply them to the Chinese situation. Let's work together 24 Department of Leadership and Organization Management toward the goal of building a world-class school of economics and 27 Department of Management Science and Engineering management. 31 Department of Marketing ZHU Rongji 34 Programs Founding Dean 35 Undergraduate Programs (1984-2001) 37 Doctoral Programs 38 Master’s Programs 40 MBA Programs Since its establishment in 1984, Tsinghua University School of 42 EMBA Programs Economics and Management (Tsinghua SEM) has made remarkable 44 Collaborative Degree Programs achievements under the leadership of successive deans, through 45 Executive Education Programs the efforts of all faculty and students, as well as the help of alumni 46 Tsinghua x-lab and friends. 47 Tsinghua SEM X-elerator As China enters a new era, the School needs to make a new effort. 48 Research Since economic reform and opening started 40 years ago, China 48 Research Overview has achieved remarkable success in economic development, but 49 Major Research Projects the economic and management research community in China has 51 Selected Papers Published on Tsinghua SEM List of International Journals in 2019 yet to be very successful in telling the “China story” academically. 53 China Journal of Economics It is our responsibility to be more courageous and innovative, 53 Tsinghua Business Review BAI Chong-En and at the same time adhere to high academic standards, in 53 China Business Case Center Dean creating academic results inspired by the practices in China that 53 Research Support ( 2018- ) can significantly impact the fields of economics and management 54 International Collaborations studies, and effectively combine such results with existing knowledge to improve the quality of education. Our School is willing 56 Alumni to work together with other colleagues in the profession to advance this cause, contributing to the advancement of human knowledge 57 Resource Development and to the development of China and the World. Tsinghua SEM Tsinghua SEM 2020-2021 2020-2021 02 Tsinghua Overview Tsinghua SEM Overview 03

Tsinghua Overview Tsinghua SEM Overview

Founded Faculty and Staff Faculty Founded Departments Full-Time Faculty Staff 1911 15,401 3,565 1984 7 161 414 Schools Departments Members of the Chinese Members of the Chinese Academy of Sciences Academy of Engineering 20 59 53 40 Student Enrollment Undergraduates Undergraduates Second Degree Dual Bachelor's Degree in Ph.D. Computer Science and Finance Registered Students * International Students * Hong Kong, Macao and Taiwan Students * 1,152 1,039 30 381 50,394 3,257 845

Undergraduate Students * Doctoral Students * Master's MBA EMBA 16,037 18,606 15,751 775 1,452 1,402

Alumni Undergraduate Second Degree Library Collection (thousand volume) Programs* Undergraduate Programs * 82 18 5,386 Degree Programs Collaborative Degree Programs Non-Degree Programs Campus Area (hectare) 35,778 3,570 93,792 66 442.12

*Including data from Peking Union Medical College, Tsinghua University 1. Data as of September 30, 2020. 1. Data as of December 31, 2019. 2. Data source: Tsinghua SEM Fact Sheet. 2. Data source: Tsinghua University official website. Tsinghua SEM Tsinghua SEM 2020-2021 2020-2021 04 Tsinghua SEM Overview Tsinghua SEM Overview 05

Organizational Structure

Departments Research Centers

• Accounting • Innovation, Entrepreneurship • Management Science and Engineering • National Center for Economic Research, Tsinghua University • Institute of Internet Industry, Tsinghua University and Strategy • Economics • Marketing • Research Center for Technological Innovation, • Center for Internet Development and Governance, • Finance • Leadership and Organization Tsinghua University Tsinghua SEM Management • China Business Research Center, Tsinghua SEM • China Research Center for Enterprise M&A and Development, Tsinghua SEM • National Entrepreneurship Research Center, Tsinghua SEM • Research Center for Non-performing Assets, Tsinghua SEM Program Offices and Administrative Offices • Research Center for Contemporary Management, Tsinghua University • Institute for Global Development, Tsinghua University • Academic Affairs Office • Dean’s Office • Faculty Development Office • China Center for Financial Research, Tsinghua SEM • Entrepreneurship Research Center on G20 , - Tsinghua SEM China Business - International Office Tsinghua University • Career Development Center • China Retail Research Center, Tsinghua SEM Case Center - Alumni Center • Institute for Global Private Equity, Tsinghua University • National Institute for Fiscal Studies, Tsinghua University - Online Education Office • Marketing and - Logistic Office • The Chinese University of Hong Kong-Tsinghua University Joint Communications Office • China Center for Insurance and Risk Management, • Master’s Programs Office - Facilities Planning and Research Center for Chinese Economy - Tsinghua Business Review Tsinghua SEM Construction Office Editorial Office • Institute for Cultural Economy, Tsinghua University • MBA Programs • Center for Leadership Development and Research, Tsinghua SEM • Tsinghua NBS Data Research Center • CPC Committee Office • Research Center for Healthcare Management, Tsinghua SEM • Staff Human Resources Office • EMBA Programs • Institute for State-Owned Enterprises, Tsinghua University - Student Affairs Office • Tsinghua China Data Center • • Executive Education Accounting Office • Center for Block-Chain Finance Research, Tsinghua SEM • Development and Planning and • Center for Corporate Governance, Tsinghua SEM • • Center for Business Model Innovation Research, Tsinghua SEM • Tsinghua x-lab Research Affairs Office IT/IS Office • Center for Enterprise Growth and National Economic Security - Development and Planning Office Research, Tsinghua University • Research Center for Digital Financial Assets, Tsinghua SEM • Tsinghua SEM X-elerator - Research Affairs Office • Center for International Economic Research, Tsinghua SEM • Tsinghua University- Joint Research Center for Economics and Finance • Entrepreneur Fellows Program and - Library • Center for China-Latin America Management Studies, Resource Development Office Tsinghua SEM • Institute for Global Securities Market, Tsinghua University - China Journal of Economics • Research Center for China's Industrial Development, - Entrepreneur Fellows Program Office Editorial Office • Tsinghua University-Rice University Joint Research Center for Tsinghua SEM - Resource Development Office Human Capital and Sustainable Innovation • Center for Globalization of Chinese Enterprises, Tsinghua SEM • Research Center for Competitive Dynamics and Innovation • Research Center for Green Economy and Sustainable Strategy, Tsinghua SEM Development, Tsinghua University • Institute for State-owned Assets Management, Tsinghua • Institute for Global Industry, Tsinghua University University

• Center for Development of Sports Industry, Tsinghua University • Research Center for AI-enabled Management, Tsinghua SEM

• Institute for Industrial Innovation and Finance, • Research Center for Interactive Technology Industry, Tsinghua Tsinghua University SEM Tsinghua SEM Tsinghua SEM 2020-2021 2020-2021 06 Tsinghua SEM Overview Tsinghua SEM Overview 07

Milestones

Entrepreneur Management Development the first prize of China national education program (EMD) lauched 1926 1994 2003 2010 achievement award Tsinghua University-University of Chicago Joint th Department of Economics established with Tsinghua SEM celebrated its 10 Tsinghua SEM accredited to grant doctoral MBA admissions reform initiated MBA education reform won the first prize Research Center for Economics and Finance ZHU Binyuan as Chair anniversary, and Dean ZHU Rongji degrees in Political Economy Master’s programs reform initiated of Chinese society of academic degrees and jointly established by Tsinghua University School remarked: “If each of you runs an Master of Professional Accounting graduate education achievement award of Management and Economics and University enterprise successfully, there will be a program launched of Chicago's Becker Friedman Institute for 1928 great hope for China's economy” Economics 2004 Tsinghua SEM awarded CEMS School of the CHEN Daisun appointed as Chair of th 2015 Tsinghua SEM celebrated its 20 anniversary Year 2017-2018 Department of Economics Tsinghua-Columbia Dual Master’s Degree Department of Enterprise Management 2011 1997 Program in Business Analytics launched divided into Department of Human Tsinghua Business Review launched Tsinghua SEM relocated to new facilities Tsinghua SEM X-elerator launched Resources, Department of Marketing and Founding Dean ZHU Rongji returned in the Weilun Building, donated by Mr. and The Tsinghua-INSEAD dual-degree 2019 1952 Department of Business Strategy and Policy to SEM upon Tsinghua centennial Tsinghua-Alibaba New Business Xuetang Mrs. Quo-Wei Lee celebration EMBA program ranked first globally in the Department of Economics merged into other Program launched International MBA program in collaboration Master in Management (MiM) program Financial Times EMBA ranking, first time universities under nationwide university The Financial Technology EMBA Program jointly with MIT Sloan School of Management initiated, first in China for a mainland Chinese business school restructuring 2005 launched with the China Capital Market Institute launched Master of Finance (MoF) program began Tsinghua University Executive Vice- The Capital Market Leaders Program jointly Doctoral programs restructured with President HE Jiankun became the third Dean 2016 launched with the China Capital Market Institute of Tsinghua SEM admissions by department 1979 1998 Celebration held for the 90th anniversary Tsinghua University approved the establishment Department of Economics and Management of Tsinghua Institute for Economics and Tsinghua SEM accredited to grant doctoral of the Department of Economics Engineering established with DONG Xinbao Management in Shenzhen and Tsinghua SEM degrees in and Enterprise 2012 The exhibition on Professor CHEN Daisun as Chair and FU Jiaji as Vice Chair 2006 opened Shenzhen campus Management The faculty tenure-track system th Masters in Management Engineering QIAN Yingyi became the fourth Dean of Tsinghua SEM celebrated its 35 anniversary implemented The exhibition on Professor ZHAO Jiahe program began Tsinghua SEM and launched 5 scholarships under the Names All new EMBA curriculum launched opened 2000 Tsinghua SEM accredited to grant doctoral A new course ZHU Rongji Economic and of Late Faculty and Tsinghua SEM held the degrees in Theoretical Economics and Management Theory and Practice launched 2019 Global Forum of Economics and Business 1980 The Advisory Board established with ZHU Applied Economics Executive Management Training (EMT) School Deans and established C9+ Business Rongji as Honorary Chairman 2013 Schools Alliance Undergraduate program began The second degree undergraduate launched Tsinghua SEM accredited to grant doctoral program in Economics began Department of Innovation, Tsinghua SEM celebrated Management degrees in Business Administration Entrepreneurship and Strategy Engineering Department its 40th anniversary established 2017 The Dual Masters Degree Program with London 1981 Tsinghua x-lab launched Business School in Financial Analysis launched 2007 Tsinghua SEM maintained AACSB Executive education program for high-level 2001 The second degree undergraduate Tsinghua SEM obtained AACSB accreditation Business Accreditation corporate executives began ZHAO Chunjun became the second Dean program in Management resumed Management Science and Engineering, Management Science and Engineering, of Tsinghua SEM MBA+X dual-degree program launched 2020 Business Administration, and Econometrics Business Administration, Accounting and Management Science and Engineering, Tsinghua SEM Entrepreneur Fellows named National Priority Disciplines Finance, Economics and Econometrics Master Program in Advanced Financial Technical Economics and Management, Program launched 1984 The Tsinghua-INSEAD dual-degree EMBA included on the national list of developing Management and Big Data launched and Econometrics named National Priority Tsinghua University School of Economics and program began world-class disciplines Tsinghua-Siemens Digital Transformation Management (Tsinghua SEM) established Disciplines 2014 Tsinghua-Tencent Future-Tech Leadership Program launched with ZHU Rongji as founding dean Tsinghua SEM partnered with Harvard Entrepreneur Program launched Executive Education Center’s digital iLIVE Undergraduate admissions reform Business School to launch the Tsinghua- 2008 The first China Job Market for Economists Interactive Learning Platform launched Harvard executive education program experiment initiated The Double Bachelor’s Degree Program in Tsinghua SEM accredited under EQUIS held China Journal of Economics launched Computer Science and Finance launched 1986 th Tsinghua SEM celebrated its 30 Shenzhen Institute of Economics and Tsinghua SEM accredited to grant doctoral 2002 anniversary Management (Futian) of Tsinghua University and degrees in Systems Engineering and 2018 EMBA program launched 2009 Tsinghua SEM Alumni Association Shenzhen Campus of Tsinghua SEM officially Technical Economics founded Mansfield Chair Professor BAI Chong-En Shunde Building, funded by a contribution from New undergraduate curriculum launched th launched Old SEM Building completed and put into use Tsinghua-MIT Global MBA program in appointed as 5 Dean of Tsinghua SEM Mr. S.T. Wu, was completed and put into use New MBA curriculum launched collaboration with MIT Sloan School of Tsinghua University-Singapore Special-Term Professorship program Management University MCFO & MPAcc launched Management launched 1991 Undergraduate education reform won Dual Degree Program launched MBA program launched Tsinghua SEM Tsinghua SEM 2020-2021 2020-2021 08 Tsinghua SEM Overview Tsinghua SEM Overview 09

The Advisory Board

The Advisory Board of Tsinghua University School of Economics and Management was founded in October 2000. Joe Kaeser Jack Ma Kevin Sneader President and Chief Executive Officer, Siemens AG Founder, Jack Ma Foundation Global Managing Partner, McKinsey & Company United Nations Sustainable Development Goals Honorary Chairman Members Christian Klein Advocate David M. Solomon Chief Executive Officer, SAP SE Partner, Alibaba Group Chairman and Chief Executive Officer, The Goldman Sachs Group, Inc. ZHU Rongji Mary T. Barra Victor K. Fung Henry R. Kravis Founding Dean, School of Economics and Chairman and Chief Executive Officer, General MA Kai Group Chairman, Fung Group Co-Chairman and Co-Chief Executive Officer, KKR Management, Tsinghua University (1984-2001) Motors Company Member, Political Bureau of the 18th CPC Masayoshi Son Chairman and CEO, SoftBank Group Corp. Premier, State Council, People’s Republic of China Christopher B. Galvin Ramon Laguarta Central Committee Jim Breyer Co-Founder and Chairman, Gore Creek Asset Vice-Premier, State Council, People’s Republic (1998-2003) Chairman and Chief Executive Officer, PepsiCo A. Founder and CEO, Breyer Capital Management LLC of China (2013-2018) Philip H. Knight Professor Emeritus of Management, Former Chairman and CEO, Motorola Inc. Jonathan D. Levin Stanford University Honorary Members Carlos Brito Philip H. Knight Professor and Dean, Stanford Pony Ma Global Chief Executive Officer, AB InBev Core Founder, Chairman of the Board and CEO, Senior Fellow, Hoover Institution at Stanford University Terry Gou Graduate School of Business Founder, Foxconn Technology Group Tencent 2001 Nobel Laureate in Economics The Lord Browne of Madingley CHANG Zhenming Executive Chairman, L1 Energy Vice Chairman, China Center for International Mario Greco Richard C. Levin Ratan N. Tata Former Group Chief Executive, bp p.l.c. Former CEO, Coursera Eric S. Maskin Economic Exchanges CEO, Zurich Insurance Group Adams University Professor and Professor of Chairman, Tata Trusts Former Chairman, CITIC Group President Emeritus, Yale University Chairman Emeritus of Tata Sons, Tata Industries, Henry M. Paulson, Jr. Economics and Mathematics, Harvard University Evan G. Greenberg Richard Li 2007 Nobel Laureate in Economics Tata Motors, Tata Steel and Tata Chemicals Founder and Chairman, Paulson Institute CHEN Jining Chairman and Chief Executive Officer, Founder and Chairman, Pacific Century Group Former U.S. Secretary of the Treasury Mayor, Beijing Municipal Government Chubb Limited and Chubb Group Doug McMillon John L. Thornton Former Chairman and CEO, The Goldman Sachs Former Minister, Ministry of Environmental President and CEO, Walmart Inc. Executive Chairman, Barrick Gold Corporation Group, Inc. Robin Li Protection, People’s Republic of China Maurice R. Greenberg Co-Founder, Chairman and Chief Executive Chair Emeritus, Brookings Institution Chairman and Chief Executive Officer, Former President, Tsinghua University Officer, Baidu, Inc. Elon Musk H. Lee Scott, Jr. Starr Insurance Companies Co-founder and CEO, Tesla, Inc. Ben van Beurden Former President and CEO, Wal-Mart Stores, Inc. CHEN Yuan LIU He Co-founder and CEO, Space Exploration Chief Executive Officer, Royal Dutch Shell plc Vice Chairperson, The 12th National Committee GU Binglin Member, Political Bureau of CPC Central Technologies (Space X) WANG Qishan of the Chinese People’s Political Consultative Director, Institute for Advanced Study, Tsinghua Jacob Wallenberg Committee Vice-President, People’s Republic of China Conference (CPPCC) University Satya Nadella Chairman of the Board, Investor AB Vice-Premier, State Council, People’s Republic of Former Chairman, China Development Bank Former President, Tsinghua University CEO, Microsoft Chairman China WANG Dazhong Michael L. Corbat GUO Shuqing Head, General Office of the Central Commission for Nitin Nohria Former President, Tsinghua University CEO, Citigroup Inc. Secretary of Party Committee and Deputy Financial and Economic Affairs George F. Baker Professor of Administration Tim Cook Governor, People’s Bank of China Dean, Harvard Business School Marjorie Yang CEO, Apple Raymond T. Dalio Chairman and Secretary of Party Committee, LIU Mingkang Chairman, Esquel Group Founder, Co-CIO and Co-Chairman, Bridgewater China Banking and Insurance Regulatory Former Chairman, China Banking Regulatory James Quincey Associates, LP Commission Commission Chairman and Chief Executive Officer, The Coca- YI Gang Vice Chairmen Cola Company Governor, People’s Bank of China Former Chairman of the Board, China Construction Bernard Looney Michael Dell Bank; Former Chairman of China Securities Chief Executive Officer, bp Group Brian L. Roberts ZHAO Chunjun QIU Yong Chairman of the Board and Chief Executive Regulatory Commission Chairman and Chief Executive Officer, Comcast Dean (2001-2005), School of Economics and President, Tsinghua University Officer, Dell Technologies Former Governor, Shandong Province LOU Jiwei Corporation Management, Tsinghua University QIAN Yingyi Jamie Dimon HO Ching Standing Committee Member and Chairman of the Committee of Foreign Affairs, The 13th National Virginia M. (Ginni) Rometty Professor of Economics and Distinguished Chairman of the Board and Chief Executive CEO, Temasek Holdings Private Limited ZHOU Xiaochuan Executive Chairman, IBM Professor of Arts, Humanities and Social Sciences, Officer, JPMorgan Chase Committee of the Chinese People’s Political Vice Chairperson, The 12th National Committee Consultative Conference (CPPCC) of the Chinese People’s Political Consultative Tsinghua University Nobuyuki Idei David M. Rubenstein Dean (2006-2018), School of Economics and Denis Duverne Founder and CEO, Quantum Leaps Corporation Former Chairman, National Council for Social Conference (CPPCC) Chairman of the Board, AXA Group Co-Founder and Co-Executive Chairman, The Management, Tsinghua University Former Chairman and CEO, Sony Corporation Security Fund Former Governor, People’s Bank of China Former Minister, Ministry of Finance, People’s Carlyle Group President, China Society for Finance and Banking Laurence D. Fink Pablo Isla Republic of China Chairman and Chief Executive Officer, BlackRock, Chairman, Inditex Group David C. Schmittlein Oliver Zipse Inc. Andrónico Luksic John C Head III Dean, MIT Sloan School of Management Chairman of the Board of Management, BMW AG Erika James Chairman, Luksic Group William E. Ford Dean, The Wharton School of the University of Stephen A. Schwarzman Mark Zuckerberg Chief Executive Officer, General Atlantic Pennsylvania Chairman, CEO and Co-Founder, Blackstone Founder and CEO, Facebook Tsinghua SEM Tsinghua SEM 2020-2021 2020-2021 10 Faculty Faculty 11

Faculty

DU Shengli Associate Professor Department of Accounting Bachelor, 1984, Bayi Agricultural University Ph.D., 1997, Renmin University of China Research Areas Management Control and Performance Evaluation, Capital Management and Corporate Finance, Financial Governance and Financial Ethics, Group Company and Finance Company, State-Owned Assets and State-Owned Enterprises

CHEN Guanting HAO Zhenping Associate Professor Professor

Bachelor, 1985, Renmin University of China Bachelor, 1982, Tianjin University of Master, 1989, Renmin University of China Finance and Economics Ph.D., 1997, Renmin University of China Master, 1987, Tianjin University of Finance and Economics Research Areas Ph.D., 1992, Tianjin University of Finance Corporate Internal Control and Risk and Economics Management, Auditing Theory and Practices, Taxation and Tax Planning Research Areas Auditing Theories and Practices, Corporate Governance and Internal Control, Financial Accounting Theories and Practices, Multi- National Corporations and International Accounting

CHEN Wuzhao JIA Ning Associate Professor Associate Professor

Bachelor, 1992, Zhongnan University of Bachelor, 2002, Finance and Economics Master, 2004, Stanford University Master, 1995, Research Institute for Fiscal Ph.D., 2007, Stanford University Science, Ministry of Finance Ph.D., 2004, Tsinghua University Research Areas Private Equity and Venture Capital, Research Areas Entrepreneurial Finance and Growth of Accounting and Capital Market, Corporate Startup Companies, Accounting Information Governance, Auditing, Corporate Internal and Capital Markets Control and Risk Management, Financial Statement Analysis

Up to November 15, 2020, Tsinghua SEM has 159 full-time faculty members and 2 dual-appointed faculty CHEN Xiao LI Dan of Tsinghua Shenzhen International Graduate School (Innovation Management Area) and Tsinghua SEM Professor Associate Professor, Secretary of CPC Branch (Shenzhen Campus). Among full-time and 2 dual-appointed faculty, 158 have Ph.D. degrees; 8 are recipients of the China National Science Foundation's Distinguished Young Scholars Funds; 7 are recipients of National Bachelor, 1983, Wuhan Institute of Chemical Engineering Bachelor, 2001, Beijing Institute of Technology Natural Science Foundation of China's Excellent Young Scientists Fund; 3 are Fellows of International Academic Master, 1989, University of Science and Ph.D., 2007, Georgia Institute of Technology Technology of China Institutes; 9 are supported by the “Program for New Century Excellent Talents” of the Ministry of Education. Ph.D., 1996, Tulane University Research Areas Tsinghua SEM also invites Honorary Professors, Adjunct Professors, Visiting Professors, and Management Financial Accounting, Enterprise IPOs, Audit Research Areas Quality, Internal Controls Accounting and Capital Market, Corporate Practice of Visiting Professors. Governance, International Taxation, Taxation and Business Strategy, Business Valuation Tsinghua SEM Tsinghua SEM 2020-2021 2020-2021 12 Faculty Faculty 13

LUO Mei XIA Donglin YIN Cheng Associate Professor Professor Assistant Professor Department of Economics Bachelor, 1998, Tsinghua University Bachelor, 1984, Jiangxi Institute of Bachelor, 2012, Southwestern University of Ph.D., 2004, University of California, Berkeley Finance and Economics Finance and Economics Master, 1990, Research Institute for Fiscal Ph.D., 2018, Rutgers,The State University of Research Areas Science, Ministry of Finance New Jersey Financial Accounting and Capital Market, Ph.D., 1994, Research Institute for Fiscal Blockchain and Cryptocurrency Science, Ministry of Finance Research Areas Accounting Information Systems, Financial Research Areas Accounting Financial Reporting and Corporate Governance, Accounting Standards, Comparative Accounting

LUO Ting XIAO Xing YU Zengbiao BAI Chong-En Associate Professor, Vice Chair Professor, Chair Professor Mansfield Freeman Chair Professor, Dean

Bachelor, 1997, Peking University Bachelor, 1994, Tsinghua University Bachelor, 1982, Hebei University Ph.D., 2007, University of Wisconsin- Master, 1997, Tsinghua University Ph.D., 1993, Xiamen University Bachelor, 1983, University of Science and Madison Ph.D., 2004, Tsinghua University Technology of China Research Areas Ph.D., 1988, University of California, San Diego Research Areas Research Areas Management Accounting, Behavioral Ph.D., 1993, Harvard University Management Motivation, Information Corporate Finance, Corporate Accounting, Design for Strategy Disclosure, Financial Report, Operation Governance, Financial Statement Management Control Mechanisms, Research Areas Strategy Analysis, Financial Accounting Accounting Education Institutional Economics, Economic Growth and Development, Public Economics, Finance, Corporate Governance and Chinese Economy

QIAN Ping XIE Deren ZHANG Haiyan CAO Jing Associate Professor Professor Associate Professor Associate Professor

Bachelor, 1992, Sichuan University Bachelor, 1993, Xiamen University Bachelor, 1994, Tsinghua University Bachelor, 1998, Peking University Master, 1995, Sichuan University Ph.D., 1998, Xiamen University Master, 1997, Tsinghua University Master, 2001, Peking University Ph.D., 1998, Peking University Ph.D., 2005, Hong Kong University of Ph.D., 2007, Harvard University Research Areas Science and Technology Research Areas Accounting and Interdisciplinary Study on Research Areas Financial Information and Capital Market, Accounting, New Institutional Research Areas Energy and Environmental Economics, Financial Information and Management Economics and the Theory of the Firm, Accounting Information and Corporate Economics of Climate Change, Public Control, Financial Fraud Investigation, Accounting Standards, Corporate Governance, Managerial Accounting, Economics Venture Capital Governance and Executive Incentive, Auditing Regulation of CPA Industry

WANG Kun XUE Jian ZHOU Li CHEN Tuo Associate Professor Associate Professor, Research Fellow Assistant Professor Assistant Dean

Bachelor, 1998, Nankai University Bachelor, 1988, Southeast University Bachelor, 2008, Fudan University Ph.D., 2003, Hong Kong University of Science Bachelor, 1998, Tsinghua University Master, 1991, Southeast University Master, 2011, École Polytechnique,France and Technology Master, 2000, Tsinghua University Ph.D., 2002, Tsinghua University Master, 2012, ENSAE-ParisTech,France Ph.D., 2006, Carnegie Mellon University Ph.D., 2018, Columbia University Research Areas Research Areas Corporate Governance, Financial Accounting, Accounting, Public Policy, Research Policy Research Areas Research Areas Audit Quality , Productivity, Inequality Financial Accounting, Role of Information in Financial Markets, Financial Analyst Behavior, Corporate Governance Tsinghua SEM Tsinghua SEM 2020-2021 2020-2021 14 Faculty Faculty 15

DONG Feng LIU Chenyuan LU Yi PAN Wenqing Associate Professor Assistant Professor Professor, Chair Professor

Bachelor, 2006, Renmin University of China Bachelor, 2015, The University of Hong Kong Bachelor, 1999, Fudan University Bachelor, 1987, Northwest Normal University Master, 2009, Peking University Ph.D., 2020, University of Wisconsin-Madison Master, 2003, Fudan University Master, 1993, Lanzhou University Ph.D., 2014, Washington University in St. Ph.D., 2007, The University of Hong Kong Ph.D., 1999, Renmin University of China Louis Research Areas Applied Microeconomics, Health Economics, Research Areas Research Areas Research Areas Industrial Organization, Insurance Markets Chinese Economy, International Trade, Public Input-Output Analysis, Quantitative Economics, Chinese Economy, Macroeconomics, Finance Regional Economics, International Economics Monetary Economics, Economic and Financial Networks

GAO Ming Assistant Professor LIU Lingling LUO Wenlan QI Liangshu Professor Associate Professor Associate Professor

Bachelor, 2001, Tsinghua University Master, 2003, Tsinghua University Bachelor, 1982, Harbin Normal University Bachelor, 2011, Tsinghua University Bachelor, 1993, Nankai University Ph.D., 2010, London Business School Master, 1991, Harbin Normal University Ph.D., 2017, Georgetown University Master, 1996, Peking University Ph.D., 1996, Renmin University of China Ph.D., 1999, Peking University Research Areas Research Areas Industrial Organization Theory, Behavioral IO Research Areas Macroeconomics, Monetary Economics, Research Areas Public Finance of China, Tax Law and Tax Computational Methods Health Economics, Development Economics, System, Macroeconomics, Rural Economy and Time Use Fiscal Policy, Transitional Economy and Theory of Modernization, Economic Game Theory and Design of the Fiscal System

HONG Shengjie LIU Qing MA Hong QIAN Yingyi Assistant Professor Associate Professor Associate Professor, Distinguished Professor of Vice Chair Arts, Humanities and Social Sciences, Tsinghua University Bachelor, 2005, Wuhan University Bachelor, 1996, Xinjiang University of Master, 2007, Wuhan University Finance and Economics Bachelor, 2002, Fudan University Dean (2006-2018) Ph.D., 2012, University of Wisconsin-Madison Master, 1999, Zhejiang University Master, 2004, University of California, Davis Master, 2002, University of British Columbia Ph.D., 2009, University of California, Davis Research Areas Ph.D., 2008, University of Toronto Bachelor, 1982, Tsinghua University Econometric Theory, Applied Econometrics Research Areas Master, 1982, Columbia University Research Areas International Trade, Development Economics, Master, 1984, Yale University International Macroeconomics, Monetary International Price Comparison Ph.D., 1990, Harvard University Economics, Chinese Economy Research Areas Comparative Economics, Institutional Economics, Economics of Transition, Chinese Economy

LI Mingzhi LIU Xiao OUYANG Min SHI Xinzheng Associate Professor Associate Professor Associate Professor Associate Professor

Bachelor, 1987, Nankai University Bachelor, 2006, Renmin University of China Bachelor, 2000, Peking University Bachelor, 2000, Peking University Master, 1990, Shanghai Jiaotong University Master, 2010, University of Michigan Master, 2003, University of Maryland Master, 2003, Peking University Ph.D., 1999, the University of Texas at Austin Ph.D., 2012, University of Michigan Ph.D., 2005, University of Maryland Ph.D., 2009, University of Michigan

Research Areas Research Areas Research Areas Research Areas Industrial Organization, Electronic Commerce Experimental and Behavioral Economics, Macroeconomics, Applied Econometrics, Development/Transition Economics, Public Game Theory, Mechanism Design Industrial Organization, Labor Economics Economics, Applied Microeconomics, Chinese Economy Tsinghua SEM Tsinghua SEM 2020-2021 2020-2021 16 Faculty Faculty 17

SU Liangjun WU Xingye YAO Wen Professor Assistant Professor Associate Professor Department of Finance Bachelor, 1994, Xi’an Jiao Tong University Bachelor, 2012, Tsinghua University Bachelor, 2006, Fudan University Master, 1997, Tongji University Master, 2014, Columbia University Bachelor, 2006, University of Birmingham Master, 1999, University of California, Riverside Ph.D., 2018, Columbia University Ph.D., 2011, University of Pennsylvania Ph.D., 2004, University of California, San Diego Research Areas Research Areas Research Areas Microeconomic Theory, Mechanism Design, Macroeconomics, International Finance, Econometric Theory, Nonparametric Matching Theory Quantitative Methods, Chinese Economy Econometrics, Panel Data Models, Big Data Analysis, Model Selection and Model Averaging, , Spatial Econometrics

Alexander C. White XU Xianchun ZHENG Jie CHEN Bingzheng Associate Professor Professor Associate Professor Professor

Bachelor, 2005, Columbia University Bachelor, 1982, Liaoning University Bachelor, 2003, Tsinghua University Bachelor, 1982, University of Science and Master, 2006, Toulouse School of Economics Master, 1986, Shanghai University of Finance Master, 2005, Tsinghua University Technology of China Ph.D., 2011, Toulouse School of Economics and Economics Master, 2007, Washington University in St. Louis Master, 1985, Renmin University of China Ph.D., 1998, Peking University Ph.D., 2011, Washington University in St. Louis Ph.D., 1995, Tsinghua University Research Areas Industrial Organization, Microeconomic Research Areas Research Areas Research Areas Theory, Economics of the Internet Chinese Government Statistics Theory and Microeconomic Theory, Information Economics, Risk Management and Insurance, Method, Chinese Economy Behavioral Economics, Experimental Economics, Enterprises Risk Management, Pension, Industrial Organization Insurance-Linked Securitization

WU Binzhen XU Yuan ZHONG Xiaohan CHEN Taotao Associate Professor, Associate Professor Associate Professor, Professor Vice Chair Deputy Secretary of CPC Committee, Associate Dean Bachelor, 2002, Fudan University Bachelor, 1988, Tsinghua University Ph.D., 2009, University of California, Davis Master, 1991, Research Institute for Bachelor, 1998, Xi’an Jiaotong University Fiscal Science, Ministry of Finance Master, 2001, Peking University Research Areas Bachelor, 1994, Tsinghua University Ph.D., 2003, Tsinghua University Ph.D., 2006, University of Wisconsin-Madison Master, 1999, Tsinghua University Macroeconomics, International Economics Ph.D., 1999, Tsinghua University Research Areas Research Areas FDI Spillovers, Outward FDI From Emerging Public Economics, Applied Micro, Economics Research Areas Market, Globalization and Strategy, of Education Mechanism Design, Applied Microeconomics, International Economics and Management, Chinese Economy Corporate Finance, Business Valuation and Valuation of Intangibles

WU Kangping YANG Siqun ZHU Lin CHEN Yunling Professor, Secretary of CPC Associate Professor Assistant Professor Assistant Professor Branch

Bachelor, 1986, Renmin University of China Bachelor, 2004, University of Science and Bachelor, 2002, Fudan University Bachelor, 1982, Northwest University Master, 1989, Chinese Academy of Social Technology of China Ph.D., 2010, Hong Kong University of Master, 1985, Northwest University Sciences Master, 2006, Indiana University, Bloomington Science and Technology Ph.D., 1989, Chinese Academy of Sciences Ph.D., 1998, Chinese Academy of Social Ph.D., 2012, Indiana University, Bloomington Sciences Research Areas Research Areas Research Areas Corporate Finance, Financial Market, Microeconomics, Macroeconomics, Research Areas Set Inference for Partially Identified Models, Corporate Governance Economic Growth, Economic Research on Economic Analysis of Investment and Semiparametric/Nonparametric Estimation and Aging Consumption, Theory of Security Investment Testing of Econometric Models, Time Series Econometrics Tsinghua SEM Tsinghua SEM 2020-2021 2020-2021 18 Faculty Faculty 19

GAO Feng LI Daokui LU Yao WANG Guiqin Associate Professor Mansfield Freeman Chair Professor Professor, Vice Chair Associate Professor

Bachelor, 1999, Tsinghua University Bachelor, 1985, Tsinghua University Bachelor, 2000, Central University of Finance Bachelor, 1986, Dalian Foreign Languages Ph.D., 2006, Tsinghua University Ph.D., 1992, Harvard University and Economics Institute Master, 2003, New York University Master, 1989, Tsinghua University Research Areas Research Areas Ph.D., 2009, University of Michigan Ph.D., 2014, University of Electronic Science Financial Econometrics, Asset Pricing, Macroeconomics, International Economics, and Technology of China Risk Management Chinese Economy, Economic History Research Areas Corporate Finance, Corporate Governance, Research Areas Law and Finance, Capital Market Financial Services Marketing, Strategic Development and Internationalization Corporate Communication, Negotiations

HE Ping LI Jinliang PANG Jiaren WANG Hao Professor, Chair Professor Associate Professor Associate Professor

Bachelor, 1997, Tsinghua University Bachelor, 1997, Tsinghua University Bachelor, 2000, Peking University Bachelor, 1995, Shenyang University of Master, 2002, University of Pennsylvania Ph.D., 2001, Syracuse University Master, 2004, Vanderbilt University Technology Ph.D., 2004, University of Pennsylvania Ph.D., 2007, Washington University in St. Louis MBA, 2000, Eastern Illinois University Research Areas Ph.D., 2007, McGill University Research Areas Financial Markets, Entrepreneurial Finance, Research Areas Financial Institutions, Monetary Economics, Investments Corporate Finance, Corporate Governance, Research Areas Macro-Finance Mergers and Acquisitions, Capital Markets Credit Risk, Fixed Income, Corporate Finance

HUANG Zhangkai LIU Chun Michael R. Powers WANG Jun Associate Professor Associate Professor, Vice Chair Zurich Insurance Group Chair Associate Professor Professor

Bachelor, 1998, Guangdong University of Bachelor, 1999, Tsinghua University Bachelor, 1995, Northern Jiaotong University Foreign Studies Master, 2001, Tsinghua University Bachelor, 1982, Yale University Master, 1998, Peking University Master, 1999, University of Essex Ph.D., 2007, University of Toronto Master, 1982, Yale University Ph.D., 2008, Tsinghua University Ph.D., 2003, University of Oxford Ph.D., 1987, Harvard University Research Areas Research Areas Research Areas Research Areas Insurance Economics, Risk Management, Corporate Finance, New Political Economy, Financial Econometrics, Financial Market, Government Regulation and Public Policy, Corporate Finance Economic History Risk Management Applications of Game Theory in Risk and Insurance, Mathematical Models in Enterprise Risk Management, Tax Treatment of Risk Transfers

JIANG Lei LIU Shuo SHEN Tao WANG Tianyu Associate Professor Assistant Professor Associate Professor Assistant Professor

Bachelor, 2003, Harbin Institute of Technology Bachelor, 2012, Nankai University Bachelor, 2006, Nankai University Bachelor, 2010, Zhejiang University Master, 2005, Harbin Institute of Technology Master, 2013, Columbia University Master, 2008, Georgia Institute of Technology Master, 2012, Tilburg University Master, 2006, University of Virginia Master, 2016, University of California, Los Angeles Ph.D., 2013, University of Minnesota Ph.D., 2018, Imperial College Business Ph.D., 2011, Emory University Ph.D., 2020, University of California, Los Angeles School Research Areas Research Areas Research Areas Corporate Investment, Credit Risks, Corporate Research Areas Empirical Asset Pricing, Stock Market Over-The-Counter Market, Fixed Income Merger and Acquisition Empirical Asset Pricing, Financial Microstructure Securities, Asset Pricing, Financial Intermediation Intermediation, International Finance Tsinghua SEM Tsinghua SEM 2020-2021 2020-2021 20 Faculty Faculty 21

WANG Yintian ZHAO Dongqing GAO Jian Associate Professor Associate Professor, Deputy Professor Secretary of CPC Committee Department of Innovation, Bachelor, 1998, Xi’an Jiaotong University Bachelor, 1984, Chongqing Institute of Master, 2000, Queen’s University Bachelor, 1994, Tsinghua University Entrepreneurship and Architecture Engineering Ph.D., 2006, McGill University Master, 1997, Tsinghua University Master, 1987, Chongqing Institute of Ph.D., 2006, Tsinghua University Architecture Engineering Research Areas Strategy Ph.D., 1996, Tsinghua University Derivatives, Econometric Modeling, Risk Research Areas Management Corporate Finance Research Areas New Enterprises and Entrepreneurs, Venture Capital, Social Entrepreneurship and Impact Investment, Industry Incubations (Innovation and Entrepreneurship Platform in China), Regional and G20 Entrepreneurial Ecosystem

YANG Zhishu ZHU Wuxiang CHEN Jin GAO Xudong Professor Professor Professor Professor

Bachelor, 1988, Harbin Institute of Technology Bachelor, 1987, Tsinghua University Bachelor, 1989, Zhejiang University Bachelor, 1988, Harbin Institute of Technology Master, 1995, Tsinghua University Master, 1989, Tsinghua University Ph.D., 1994, Zhejiang University Master, 1991, Renmin University of China Ph.D., 2001, Tsinghua University Ph.D., 2002, Tsinghua University Ph.D., 2003, Massachusetts Institute of Research Areas Technology Research Areas Research Areas Managing Technological Innovation, Business Financial Market Microstructure, Behavioral Corporate Finance, Industry Finance, Administration Research Areas Finance, Corporate Finance, Banking and Business Model Competitive Strategy, Technology Strategy, Financial Institutions, Econometrics of Management of Technological Innovation Financial Markets

ZHANG Lihong ZHU Yingzi CHENG Yuan GUO Yidi Professor Professor Associate Professor, Chair, Assistant Professor Secretary of CPC Branch

Bachelor, 1988, Nankai University Bachelor, 1991, University of Science and Bachelor, 2005, Tsinghua University Master, 1991, Nankai University Technology of China Bachelor, 1991, Huazhong University of Master, 2008, Tsinghua University Ph.D., 1999, Chinese Academy of Sciences Master, 1993, New York University Science and Technology Ph.D., 2017, INSEAD Ph.D, 1997, New York University Master, 1996, Huazhong University of Research Areas MBA, 2002, New York University Science and Technology Research Areas Theory of Asset Pricing, Portfolio Ph.D., 2000, Tsinghua University Strategic Management, Organization Theory Management, Stochastic Calculus, Risk Research Areas Theory and Risk Management Asset Pricing, Investment, Asset Allocation Research Areas and Investment Strategy Information Technology Management, Service Management, Institution and Entrepreneurial Strategy, Digital Economy, Technology Economics

ZHANG Taowei ZHU Yujie DUAN Zhirong HAO Jie Associate Professor Professor, Secretary of CPC Assistant Professor Lecturer Branch

Bachelor, 1984, Tsinghua University Bachelor, 1994, Tsinghua University Bachelor, 2003, Monash University Master, 1987, Tsinghua University Bachelor, 1992, Tsinghua University Master, 1997, Tsinghua University Master, 2004, University of Sydney Ph.D., 2000, Tsinghua University Master, 1994, Tsinghua University Ph.D., 2007, Tsinghua University Ph.D., 2013, University of Sydney Ph.D., 2005, Tsinghua University Ph.D., 2011, University of New South Wales Research Areas Research Areas Financial Engineering (Financial Research Areas Research Areas Entrepreneurship Education, International Derivatives Development, Financial Risk Asset Pricing, Investment, Asset Marketing System (Assortments, Talents’ Employability and Entrepreneurship, Management), Investment Banking (Private Allocation and Investment Strategy Evolutionary Systems), Women Professionals’ Career Development, Equity, M&A), International Finance, RMB Internationalization Strategy of Firms, and Family Business Succession Issues Exchange Rate, Corporate Governance, Strategic Corporate Sustainable Incentive and Restriction Mechanism Development, Women Entrepreneurs Tsinghua SEM Tsinghua SEM 2020-2021 2020-2021 22 Faculty Faculty 23

JIAO Jie LI Donghong NING Xiangdong WU Rui Professor Associate Professor Professor Associate Professor

Bachelor, 1996, Tsinghua University Bachelor, 1993, Lanzhou University Bachelor, 1988, Tsinghua University Bachelor, 2001, Peking University MBA, 2002, Tsinghua University Master, 1996, Lanzhou University Master, 1990, Tsinghua University Master, 2003, University of California, Los Ph.D., 2006, the George Washington University Ph.D., 1999, Renmin University of China Ph.D., 2003, Tsinghua University Angeles Ph.D., 2010, University of Southern California Research Areas Research Areas Research Areas Strategic Management and Strategic Strategic Management, Internationalization, Corporate Governance, Strategic Research Areas Restructuring, Global Strategy, Regional Industry Upgrading Management, the Theory of Firm, Mergers and Acquisitions (M&A), Cooperative Development Strategy Transition Economy of China Innovation, Multinational Enterprises (MNE), Non-market Strategy

JIN Yongjun LI Jizhen SHI Yongheng XIE Wei Associate Professor Professor, Associate Dean Associate Professor Professor

Bachelor, 1990, East China Normal University Bachelor, 1997, Tsinghua University Bachelor, 1984, Tsinghua University Bachelor, 1989, PLA Transportation Master, 1996, Peking University Master, 2002, Tsinghua University Master, 1987, Tsinghua University Engineering College Ph.D., 2002, Tsinghua University Ph.D., 1990, Tsinghua University Master, 1993, Southeast University Research Areas Ph.D., 1999, Tsinghua University M&A Related Intellectual Property Law, Law Research Areas Research Areas of Corporation, Contracts and Chinese Tax Management of Technological Innovation, Strategic Management, General Research Areas Issue, Judicial Case Reviews, and General Science and Technology Policy, Project Management, International Management, Strategic Alliance, Managerial Innovation, Management Case Study Management, Innovation Management and Management Thinking in Traditional Culture Strategic Leadership Entrepreneurial Management of SMEs

JIN Zhanming LI Xibao WANG Yi XIE Zhenzhen Professor Associate Professor, Vice Chair Associate Professor Associate Professor

Bachelor, 1980, Jilin University of Technology Bachelor, 1993, Shanghai Jiaotong University Bachelor, 1993, Beijing University of Bachelor, 2005, Tsinghua University Master, 1983, Chinese Academy of Master, 1998, Tsinghua University Astronautics and Aeronautics Master, 2007, Tilburg University Agricultural and Mechanization Sciences Master, 2001, The Ohio State University Master, 1996, Tianjin University Ph.D., 2013, Hong Kong University of Science Ph.D., 1989, China University of Mining and Ph.D., 2003, The Ohio State University Ph.D., 2000, Zhejiang University and Technology Technology Research Areas Research Areas Research Areas Research Areas Innovation Management, Entrepreneurial Management of Technological Innovation, Foreign Direct Investment, Cross-border Strategic Management, Strategic Selection Management, Knowledge Management Strategic Management, Corporation Mergers and Acquisitions, Innovation, under e-Business Environment, Military Competence Research & Development Alliances and Strategy and Enterprise Competition, Emerging Economies M&A and Strategic Alliances, Leadership and Control in the Process of Strategic Management

LEI Jiasu LV Chunyan Steven White XUE Lei Professor Associate Professor Associate Professor Associate Professor

Bachelor, 1983, Xi'an University of Finance Bachelor, 1986, Peking University Bachelor, 1985, Duke University Bachelor, 1982, Tsinghua University and Economics Master, 1989, Peking University Master, 1988, International University of Japan Master, 1988, Tsinghua University Master, 1987, Northwestern University Ph.D., 1997, Massachusetts Institute of Ph.D., 2010, Tsinghua University Ph.D., 1993, Tsinghua University Research Areas Technology Law of Corporation, Contracts and Research Areas Research Areas Related Judicial Case Comments Research Areas Strategy and Innovation Management, Theory of National Economic Security, Strategy, Internationalization, Innovation, Healthcare Management, Business History Innovation, Entrepreneurship and Entrepreneurship, Industry Ecosystems Corporate Growth, Education of Innovation and Entrepreneurship, Economics of Innovation and Entrepreneurship Tsinghua SEM Tsinghua SEM 2020-2021 2020-2021 24 Faculty Faculty 25

YANG Delin GAO Xiangyu QU Qing Professor Assistant Professor Associate Professor, Secretary Department of Leadership of CPC Branch Bachelor, 1982, Huazhong Normal University Bachelor, 2001, Xi’an Jiaotong University Master, 1991, Chinese Academy of Sciences Master, 2005, Xi’an Jiaotong University Ph.D., 1997, Chinese Academy of Social and Organization Ph.D., 2015, National University of Singapore Bachelor, 1993, Tsinghua University Sciences Master, 1997, Tsinghua University Management Research Areas Ph.D., 2007, Tsinghua University Research Areas Interpersonal Trust, Proactive Personality Entrepreneurial Management, Management of and Behavior, Work Safety and Error Research Areas Technological Innovation, Interactions between Management Organizational Culture, Leadership, Industry and University, Management of Human Resource Management, Values, Intellectual Property Rights Person-Organization Fit, Managerial Thinking

ZHANG Wei CHEN Guoquan JIANG Peng WANG Lei Associate Professor Professor, Vice Chair Associate Professor Associate Professor

Bachelor, 1995, Tsinghua University Bachelor, 1990, Tsinghua University Bachelor, 1997, Jilin University Bachelor, 2002, Beijing Normal University Master, 1998, Tsinghua University Master, 1991, Tsinghua University Master, 2000, Jilin University Master, 2005, Beijing Normal University Ph.D., 2002, Tsinghua University Ph.D., 1994, Tsinghua University Ph.D. in Law, 2003, China University of Political Ph.D., 2011, State University of New York at Science and Law Buffalo Research Areas Research Areas Venture Capital, Entrepreneurship, Time-Space Theory of Leadership and Research Areas Research Areas Development and Dynamics of Emerging Management, Time-Space Theory of Business Law, Business Ethics and Social Leadership, Social Networks,Team Industries Organizational Learning, Time-Space Responsibility, Business History, Education Knowledge Transfer Leadership, Organizational Learning and History of Law and Management Learning Organization, Team Learning and Learning Team, Individual Learning and Learning Leader, Team Management

ZHU Hengyuan CHEN Hao LU Shuye WANG Xiaoye Professor Assistant Professor Assistant Professor Associate Professor

Bachelor, 1991, Tsinghua University Bachelor, 2003, Jilin University Bachelor, 2008, Renmin University of China Bachelor, 2000, East China Normal University Master, 1998, Tsinghua University Master, 2006, Shenzhen University Master, 2013, Tsinghua University Master, 2004, East China Normal University Master, 2000, Rensselaer Polytechnic Institute Ph.D., 2011, University of Texas at Dalla Master, 2014, Columbia University Ph.D., 2010, Hong Kong University Ph.D., 2006, Tsinghua University Ph.D., 2019, University of Maryland of Science and Technology Research Areas Research Areas Corporate Responsibility and Sustainability, Research Areas Research Areas Industry Dynamics in Emerging Market, Entrepreneurial (Founding) Team Dynamics, Creativity, Innovation and Organizational Change, Performance Evaluation, Creativity Innovation and Corporation Transformation, Supervisor-Subordinate Relationship Studies, Affect and Emotion, Social Networks Recognition, Social Cognition Strategy Rhythm Female Career Development and Cross-Cultural Comparison of These Topics

CHI Wei QIAN Xiaojun WANG Xueli Associate Professor, Professor Associate Professor, Interim Chair Assistant Dean

Bachelor, 1982, Tsinghua University Bachelor, 1993, Harbin Institute of Technology Bachelor, 1998, Renmin University of China Master, 1988, Purdue University Master, 1996, Harbin Institute of Technology Ph.D., 2003, University of Minnesota Ph.D., 1992, Purdue University MBA, 1996, Macao University Ph.D., 2003, Tsinghua University Research Areas Research Areas Compensation, Incentives, Pay Gaps, Leadership, Implicit Cognition, Business Research Areas Income Inequality, Labor Relations, Ethics, Entrepreneurial Ethics, Corporate Social Chinese-Style Management, Organizational Contract and Unions Responsibilities and Sustainability Change, Strategic Human Resource Management, Organizational Culture Tsinghua SEM Tsinghua SEM 2020-2021 2020-2021 26 Faculty Faculty 27

YANG Ling ZHANG Mian WU Weiku Associate Professor Associate Professor Professor Department of Bachelor, 2003, Tsinghua University Bachelor, 1993, Xi’an Jiaotong University Bachelor, 1983, Northeastern University of Master, 2006, Tsinghua University Ph.D., 2002, Xi’an Jiaotong University Technology Ph.D., 2012, Stanford University Management Science Master, 1987, Harbin Institute of Technology Research Areas Ph.D., 1994, Tsinghua University Research Areas Organizational Attachment, Multiple Roles and Engineering Organizational Theory, Innovation and and Identities, Social Capital and Social Research Areas Entrepreneurship Network, Behavioral Decision Making and Leadership, Chinese Traditional Culture Ambiguity and Leadership, Strategic Management, Competition and Game Theory, Value Based Leadership, EQ and Leadership, Sunny Mood, Leader’s core capability, Followership

WU Zhiming ZHANG Chen ZHENG Xiaoming CHEN Guoqing Associate Professor Assistant Professor Professor CCB Chair Professor

Bachelor, 1989, Hangzhou University Bachelor, 2011, Tsinghua University Ph.D., 1998, Chinese Academy of Sciences Bachelor, 1982, Renmin University of China Master, 1996, Beijing Normal University Master, 2013, Tsinghua University MBA, 1988, Catholic University of Leuven Ph.D., 1999, Beijing Normal University Ph.D., 2018, University of Michigan Research Areas Ph.D., 1992, Catholic University of Leuven Leadership, Work-Life Balance, Employee Research Areas Research Areas Well-Being, Team Effectiveness, Research Areas Organization and Human Resource Time, Energy, and Well-being Issues at Work, Organizational Culture, and Strategic IT Strategy and Management, Business Management, Team Effectiveness, Workday Design and Workday Dynamics, Human Resources Management Intelligence and e-Business, Data Modeling Leadership, Employee’s Recruitment and Proactive Behaviors and Fuzzy Logic Selection, Expatriate Adjustment

YANG Baiyin ZHANG Jiayin CHEN Jian Professor Associate Professor Lenovo Chair Professor, Chair

Bachelor, 1982, Nanjing University Bachelor, 2005, Tsinghua University Bachelor, 1983, Tsinghua University Master, 1992, University of Saskatchewan Master, 2008, Tsinghua University Master, 1986, Tsinghua University Ph.D., 1996, University of Georgia Master, 2014, Massachusetts Institute of Ph.D., 1989, Tsinghua University Technology Research Areas Ph.D., 2014, Massachusetts Institute of Research Areas Technology Creativity and Innovation in Organizations, Supply Chain Management, e-Business, Holistic Theory of Knowledge and Business Intelligence and Decision Analysis, Learning, Leadership Development, Adult Research Areas Optimization and Forecasting Techniques and Organizational Learning, Learning Organizational Theory, Organizational Behavior, Organization, Power and Influence Tactics, Business Ethics, Leadership in Innovation and Cross-Cultural Management Entrepreneurship

YANG Bin ZHANG Jin GUO Xunhua Professor Associate Professor Associate Professor, Secretary of CPC Branch

Bachelor, 1992, Tsinghua University Bachelor, 1986, Peking University Master, 2000, Tsinghua University Master, 1989, Peking University Bachelor, 2000, Tsinghua University Ph.D., 2000, Tsinghua University Master, 2002, University of Southern California Ph.D., 2005, Tsinghua University Ph.D., 2004, University of Southern California Research Areas Research Areas Business and Society, Leadership Theory Research Areas Information Systems, e-Business, Business and Practice, Nonmarket Strategy, Business Positive Organizational Behavior, Science of Intelligence Ethics, Crisis Management, Management Happiness, Cultural Values and Organizational Education Behavior (Based on Big Data Approach), Cross-Cultural Communication and Negotiation Tsinghua SEM Tsinghua SEM 2020-2021 2020-2021 28 Faculty Faculty 29

HUANG Jinghua LIN Lihui LIANG Yong WEI Qiang Professor Associate Professor Associate Professor Associate Professor, Vice Chair

Bachelor, 1986, Tsinghua University Bachelor, 1994, Tsinghua University Bachelor, 2005, Tsinghua University Bachelor, 1997, Tsinghua University Master, 1988, Tsinghua University Master, 1997, Tsinghua University Master, 2008, Purdue University Master, 1999, Tsinghua University Ph.D., 2005, Tsinghua University Master, 1999, University of Texas at Austin Ph.D., 2013, University of California, Ph.D., 2003, Tsinghua University Ph.D., 2002, University of Texas at Austin Berkeley Research Areas Research Areas IT Business Value, Business Value of Social Research Areas Research Areas Information Systems and Management, Media, Consumer Behavior in Social Media, Knowledge Management, Crowdsourcing, Supply Chain Management, Dynamic Big Data Analytics, Business Intelligence Organizational Behavior in Social Media Online Communities, Open Source, Programming and Optimal Control, and Data Mining, Uncertainty Techniques, E-Commerce, IT Investment, Real Options Energy Policy, Economy and Planning Simulation Techniques Analysis, Licensing of Intellectual Property

HUANG Shuo LIN Zhijie MAO Bo XIAO Yongbo Associate Professor Associate Professor Associate Professor Professor

Bachelor, 1997, Tsinghua University Bachelor, 2009, South China University of Bachelor, 1987, Tsinghua University Bachelor, 2000, Tsinghua University Ph.D., 2002, Tsinghua University Technology Master, 1989, Tsinghua University Master, 2006, Tsinghua University Ph.D., 2013, National University of Ph.D., 2006, Tsinghua University Research Areas Singapore Research Areas Supply Chain Management, Operations Chinese Enterprises’ Information Research Areas Management, Inventory Control Research Areas System and Management, Knowledge Revenue and Pricing Management, Service Economics of Information Systems, Sharing Management, Date Analysis & Business Systems and Service Management, Supply Economy, Electronic Commerce, Social Model Chain Management Media

LI Bo LIU Dengpan SUN Jing XIE Bin Associate Professor Professor Associate Professor Associate Professor

Bachelor, 2002, Peking University Bachelor, 1999, University of Science and Bachelor, 1991, Tianjin University Bachelor, 1986, Tsinghua University Ph.D., 2006, University of California, Berkeley Technology of China Master, 1994, Tianjin University Master, 1989, Tsinghua University Master, 2001, The University of Texas at Ph.D., 1999, Beijing University of Ph.D., 1993, Tsinghua University Research Areas Dallas Astronautics and Aeronautics Data Science, Applied Econometrics Ph.D., 2006, The University of Texas at Research Areas Dallas Research Areas Pharmaceutical Supply Chain and Strategy Decision and Change Ecosystem, Consumer-oriented Research Areas Management, Service Operation Governance, Company Harm Control, Information Systems and Information Management, Decision Science, Quality Mapping Code, Germany Management, e-commerce, Internet Engineering, Total Quality Management Finance Licensing of Intellectual Property

LI Xixi LIU Hongyan WANG Chun XU Xin Associate Professor Professor Assistant Professor Professor, Associate Dean

Bachelor, 2006, Hong Kong Polytechnic Bachelor, 1991, Beijing University of Bachelor, 2005, Tsinghua University Bachelor, 1998, Tsinghua University University Chemical Technology Master, 2007, University of Wisconsin Master, 2000, Tsinghua University Ph.D., 2010, Hong Kong Polytechnic Master, 1994, Beijing University of Chemical Ph.D., 2014, Columbia University Ph.D., 2005, University of California, Irvine University Technology Ph.D., 2000, Tsinghua University Research Areas Research Areas Research Areas Dynamic Programming, Decision IT Business Value and IT Governance, Digital Employee Innovative Use of Complex Research Areas Models, Financial Engineering and Risk Innovation, Business Analytics Information Systems, Knowledge Data/Text Mining, Business Intelligence, Management Management, Motivation Theory, Recommender Systems, Social Network Healthcare Information Technology Analysis, Healthcare Data Mining and Analysis Tsinghua SEM Tsinghua SEM 2020-2021 2020-2021 30 Faculty Faculty 31

YANG Liu LI Fei SONG Xuebao Associate Professor Professor, Chair Associate Professor, Secretary of Department of Marketing CPC Branch Bachelor, 2003, Tsinghua University Bachelor, 1983, Beijing Institute of Business Master, 2004, Singapore-MIT Alliance Master, 1988, Beijing Institute of Business Bachelor, 1986, Huazhong Agriculture University Ph.D., 2010, Duke University Ph.D., 2002, Renmin University of China Master, 1989, Renmin University of China Ph.D., 1992, Renmin University of China Research Areas Research Areas Decision Models, Service Management, Marketing Positioning Decisions, OmniChannel Research Areas Healthcare Operations Management, Marketing, Luxury Marketing, History of Strategic Marketing, Entrepreneurial Marketing, Behavioral Operations Management Marketing Study of China, Marketing Study Industrial Marketing, Green Marketing, City of China, and Methodology of Case Study in Marketing Marketing

YE Qing CHEN Rong LIU Wenjing SUN Yacheng Associate Professor Associate Professor Associate Professor Associate Professor, Vice Chair

Bachelor, 1998, Tsinghua University Bachelor, 1998, Xi’an Jiaotong University Bachelor, 2000, University of International Bachelor, 2001, Huazhong University of Master, 2001, Tsinghua University Master, 2000, Xi’an Jiaotong University Business and Economics Science and Technology Ph.D., 2006, University of Michigan Ph.D., 2004, The Chinese University Master, 2004, National University of Singapore Master, 2002, Indiana University of Hong Kong Ph.D., 2010, University of Toronto Ph.D., 2008, Indiana University Research Areas Supply Chain Management, Procurement Research Areas Research Areas Research Areas and Outsourcing Management, Consumer Behavior, Consumer Satisfaction Consumer Behaviors, Services Marketing, Pricing, Analytical Customer Relationship Information Asymmetry in Operations and Regret, Consumer Decision Making Interpersonal Interactions, Time Perception, Management, Online Social Networks Management, Capacity and Inventory under Risks, Decision Making of Second- and Pricing Management hand Products, Services Management and Innovation, Pricing and Promotion Strategy, Customer Relations Management

YI Cheng CHEN Yubo LIU Xi XIE Zan Associate Professor Professor, Secretary of CPC Associate Professor Assistant Professor Committee, Senior Associate Dean

Bachelor, 2006, National University of Bachelor, 1995, Peking University Bachelor, 1985, Peking University Singapore Bachelor, 1997, Southeast University Ph.D., 2002, University of Iowa Master, 1991, Tsinghua University Ph.D., 2011, National University of Singapore Master, 2000, Southeast University Ph.D., 2005, Tsinghua University Ph.D., 2004, University of Florida Research Areas Research Areas New Ordinary Consumption, Aesthetic Research Areas Electronic Commerce, Human-Computer Research Areas Consumption, Consumption Culture Marketing Strategy, Consumer Interaction, Online Consumer Behavior, Digital Economy, Digital Transformation of Behavior, Marketing Research, Product Internet Marketing Chinese Economy, Big Data and Business Quality Measurement, Customer Innovation in the Networked World, Market Satisfaction Transformation and Business Analytics in the Mobile Internet Era, Climate Change and Sustainability Strategy

ZHU Yan HU Zuohao LIANG Yitian YU Chunling Professor Professor Associate Professor Associate Professor

Bachelor, 1994, Tsinghua University Bachelor, 1985, Huazhong University of Bachelor, 2008, Jinan University Bachelor, 1993, Tianjin University Master, 1998, Tsinghua University Science and Technology Master, 2009, City University of Hong Kong Master, 1996, Tianjin University Ph.D., 1998, Tsinghua University Master, 1988, Zhejiang University Master, 2011, University of British Columbia Ph.D., 2004, Tsinghua University Ph.D., 2000, Kyoto University Ph.D., 2017, University of British Columbia Research Areas Research Areas Digital Transformation, Digital Economy, Research Areas Research Areas Strategic Brand Management, Valuation Digital Production Relations, Industrial Marketing Strategy, Channel Design Big Data Marketing, Online Video Games, of Brand Asset, Globalization of Brand Blockchain, Industrial Internet, Industry and Management, Brand Management, Movie, Digital Advertising, Charity from Emerging Market Digital Finance International Marketing Strategies, Marketing Financial Services Tsinghua SEM Tsinghua SEM 2020-2021 2020-2021 32 Faculty Faculty 33

ZHENG Yuhuang Honorary Professors Adjunct Professors Associate Professor Dual-appointed Faculty of Tsinghua Shenzhen International Bachelor, 1998, Tsinghua University Robert J. Barro CHEN Yuan WU Jinglian MBA, 2000, Tsinghua-MIT Sloan International Graduate School Paul M. Warburg Professor of Economics, MBA Program Master, 2002, Columbia University Harvard University FANG Xinghai WU Xiaoling Ph.D., 2006, Columbia University Innovation Management Area and Tsinghua SEM Research Areas Lars Peter Hansen Consumer Behavior, Consumer Judgment GUO Shuqing XIE Fuzhan and Decision Making, Consumer Self-control, Shenzhen Campus David Rockefeller Distinguished Service Professor, Marketing Strategies for Hedonic vs. Utilitarian University of Chicago Products, Pricing and Promotion Strategies, LI Chao ZHENG Jingchen Customer Relationship Management, Nobel Laureate in Economics, 2013 Entrepreneurship, Internet Marketing, Global Marketing, Cultural Differences LI Jiange ZHOU Xiaochuan Lawrence J. Lau FENG Juan Vice-Chancellor, The Chinese University of Hong Kong Professor, Vice Chair of (2004-2010) LOU Jiwei ZHU Rongji Department Management Science and Engineering Eric S. Maskin MA Jiantang

Bachelor, 1998, Renmin University of China Adams University Professor, Department of Economics, Ph.D., 2003, Pennsylvania State University Harvard University Nobel Laureate in Economics, 2007 Research Areas Challenges that IT brings to traditional business models and traditional business behaviors MUN Kin Chok Visiting Professor of Former Dean, Faculty of Business Administration, the Management Practice Chinese University of Hong Kong (1981-1984, 1987- 1993) CAO Yuanzheng MA Xufei Edmund S. Phelps Professor, Vice Chair of McVickar Professor of Political Economy, Department of Innovation, Columbia University CHI Yufeng Entrepreneurship and Strategy Nobel Laureate in Economics, 2006 LAI Zongzhi Bachelor, 1995, Xi’an Jiao Tong University Daniel L. Ritchie (Visiting Associate Professor of Management Practice) Master, 2003, University of Saskatchewan Ph.D., 2007, National University of Singapore President, Temple Hoyne Buell Foundation 16th Chancellor, University of Denver (1989-2005) Ingo Beyer von Morgenstern Research Areas Strategic Management, International Business, Innovation & Entrepreneurship David C. Schmittlein SONG Zhiping Dean, Sloan School of Management, Massachusetts Institute of Technology TAN Xuguang

WANG Zuji

ZHAO Shaohua

ZHU Yunlai Tsinghua SEM Tsinghua SEM 2020-2021 2020-2021 34 Programs Programs 35

Programs Undergraduate Programs

Program Features economics and financial theory and analysis. The curriculum balances economic and financial theories with practical knowledge and offers both a global perspective as well as Undergraduate education at Tsinghua SEM emphasizes three a special focus on China’s economic miracles and unique aspects: financial system. • The goal of an undergraduate education is two-fold; to help every student become a modern, cultured person, and Information Management and Information to foster an environment that promotes top talents in their Systems respective fields. The program cultivates management talents with an • Second, the School pursues a "three-pronged" approach to international perspective and equipped with skills to master education, which is composed of value formation, capability the laws of business activities in the new digital economy development, and knowledge acquisition. era. Candidates are taught to effectively develop and use information technology and business analysis methods to • Third, the School follows an approach that integrates optimize management and lead future innovation. general education with individual development.

In 2014, Tsinghua SEM’s Undergraduate Education Reform Business Administration (for student athletes) won the China National Education Achievement Award. Tsinghua SEM is committed to advancing knowledge and cultivating leaders for China The program cultivates student-athletes comprehensive and the world. The School strives to provide students with the highest quality education professional talents to meet the needs of country and society, Majors by helping them achieve comprehensive knowledge of to help them reach their full potential. The School has over 6,000 students in the humanities and business management, to match their results undergraduate, second degree undergraduate, doctoral, master’s, MBA, and EMBA Tsinghua University enacted a new undergraduate enrollment in various sport events at home and abroad. The program has programs. In addition, the School offers collaborative degree programs and executive policy beginning in 2017. Tsinghua SEM recruits students under a duration of five years, including a one-year foundation year education programs. the categories of “Economics, Finance, and Management.” followed by four years of undergraduate study. Freshmen choose majors from among Economics and Finance, Tsinghua SEM’s strong international reputation, commitment to academic excellence, and Information Management and Information Systems in the School of Economics and and global orientation attract students from across the globe. The School currently enrolls spring semester of the first academic year. Management Minors over 500 international students and students from Hong Kong, Macao, and Taiwan. The Economics and Finance (including Accounting School offers student exchange programs with 112 leading universities and business and Insurance) The School offers four minor paths for non-SEM students: schools around the world. business management, accounting, economics and finance, The Economics and Finance major cultivates high quality and information management and information systems. economic and financial talents who have a basis in systematic Tsinghua SEM Tsinghua SEM 2020-2021 2020-2021 36 Programs Programs 37

Undergraduate Programs Doctoral Programs

Double Bachelor's Degree in Computer The program places an emphasis on flexibility and practical Program Objectives Academic Curriculum knowledge to strengthen dialogue between the two disciplines. Science and Finance To standardize the doctoral curriculum, Tsinghua SEM has The resources of the School of Economics and Management Tsinghua SEM’s doctoral programs are designed to develop established three doctoral core-course platforms, including combined with the Department of Computer Science not only outstanding scholars in research and teaching in the field of Economics/Finance/Accounting, General Management, and enhance students’ double degree experiences, but also create Training Objectives economics and management at leading Chinese and overseas Management Science and Engineering. Each of the three positive “spill-over effects” in the two departments themselves universities. platforms has a specific set of general and field-specific required promoting deeper integration of the two disciplines. The goal of the program is to advance the integration of courses. Doctoral students are expected to focus on coursework computer science, big data, and artificial technology and Programs Features in the first two years of study. its applications with financial industry. The undergraduate Cultivation Effectiveness The School requires all doctoral students to take a qualification dual degree program in computer science and finance is an Application Process examination within a time limit. Qualification exams are graded interdisciplinary combination of computer science, finance, and The computer science and finance double degree program anonymously. management, and aims to develop students’ research abilities develops students’ individual abilities through various Applicants are required to choose a field of study during the and management talents in the IT and financial fields. The educational and teaching activities, helping them cultivate application process. Advisor selection takes place after the Doctoral students are also required to write and present their program offers a high-caliber professional education based their academic interests in humanities and sciences to qualification exam. second-year research papers. on the intersection of the two disciplines, allowing students further become diverse and insightful talents. With an All doctoral theses are assessed by faculty and outside experts to achieve a broad practical knowledge base. The program international vision, an innovative spirit, and the unique ability under a double-blind review process. maximizes students’ innovation potential and ambitions to to communicate effectively and solve challenging problems as Fields of Study Department learn, allowing them to make broad contributions to society in part of a team, it gives the students the capabilities to deepen Education and Placement academia as well as entrepreneurship. knowledge in their interdisciplinary fields as well as engage in • Accounting • Department of Accounting scientific research in technology, development, education, and • Theoretical Economics and • Department of Economics Each academic department has established a doctoral program Development Characteristics management. Applied Economics committee which is responsible for the overall coordination, • Finance • Department of Finance design, and implementation of the program.

The program emphasizes a wide caliber of professional • Innovation, Entrepreneurship • Department of Innovation, The committee serves as faculty liaison available to doctoral training with a basis in general education. With a foundation in and Strategy Entrepreneurship and Strategy students for support, problem-solving, and facilitation of learning mathematics, the program strives to lead revolutionary changes • Leadership and Organization • Department of Leadership and activities to enhance the student’s educational experience. The in the financial field in the new information age. Management Organization Management committee also provides mentorship and career advice as well • Management Science and • Department of Management as guidance in placement for doctoral students. Engineering Science and Engineering • Marketing • Department of Marketing Resources and Support

Tsinghua SEM offers scholarship and fellowship funding to doctoral students. Outstanding doctoral students are provided with opportunities to study abroad for one semester or one year to conduct research with internationally renowned scholars as well as opportunities to participate in domestic and international academic conferences. Tsinghua SEM Tsinghua SEM 2020-2021 2020-2021 38 Programs Programs 39

Master’s Programs

Master of Finance capacity of financial leaders, reshaping their knowledge modules. It is a part- time program and the expected length of Tsinghua-Columbia Dual Master’s structure of financial management, and equipping them with a study is two years. Applicants with a bachelor’s degree should Degree Program in Business Analytics Program Objectives comprehensive understanding of financial knowledge with the have a minimum of five years’ working experience, or with a aim of developing financial management leaders with a global master’s degree with a minimum of three years of working The program aims to develop exceptional financial professionals Program Objectives perspective. experience. with comprehensive and applied knowledge in economics and The program aims to develop interdisciplinary talent in the fields finance, a global perspective, and the ability to adapt to rapidly Program Features of management theory and cutting-edge information technology, changing financial markets. Master in Management The program is a dual degree program in cooperation with with an emphasis on global vision and strong business analytical Program Features Singapore Management University. It is a part-time program and Program Objectives skills. It is also a pioneer in developing an interdisciplinary the expected length of study is two years. The courses span education system that integrates data science and management The program focuses on developing macro-vision and three major modules of accounting, finance, and Management, The program strives to develop students’ leadership, general theory. innovation in practical applications, contributing to students’ to comprehensively improve financial knowledge and management, and analytical skills, preparing them for personalized development. Four concentrations include: Global management skills. Applicants with a bachelor’s degree should key managerial and leadership positions in corporations, Program Features Finance, Fintech, Entrepreneurship and Corporate Finance, and have a minimum of seven year’s working experience, or with a government, and non-profit organizations. Investment and Insurance. The program arranges an academic master’s degree should have a minimum of five years’ working The program, implemented by Tsinghua SEM and the Fu Program Features advisor and an industry mentor for every student. experience. Foundation School of Engineering and Applied Science of Columbia University, is the first dual master’s program in this The program offers dual degree programs with HEC Paris, Management analytics courses enhance students’ knowledge field between Chinese and American universities. It is a full- the Hass School of Business at the University of California, base, focusing on management practice and application. The Master Program in Advanced Financial time program that usually takes 2-3 years to complete. Students Berkeley, Columbia University and the London Business School. Management and Big Data Program is taught in Chinese and English. Applicants for the London Business School dual degree program admitted to the dual degree program will study at Tsinghua In 2011, Tsinghua SEM joined CEMS - the Global Alliance in should be jointly selected and admitted by the two universities. University in Beijing, China, for the first year, and through an Program Objectives Management Education - and became the first and the only The other three dual-degree programs and exchange programs expedited application process, enroll and study at Columbia member school in mainland China. In 2018, Tsinghua SEM was University in New York, USA, for the second year. are only open to enrolled MoF students. The program aims to cultivate financial leaders with data awarded the CEMS School of the Year 2017-2018 based on awareness. The program focuses on big data application in management, student feedback regarding education quality, student service improving their knowledge base in data analytics and modeling Tsinghua University-Singapore Program Features and activities. Enrolled students can apply for CEMS exchange and enhancing management skills. Students who have Management University programs and will receive a CEMS diploma upon successful successfully completed the program will receive a diploma and The program is jointly established by the School of Economics completion. MCFO & MPAcc Dual Degree Program and Management of Tsinghua University and Tsinghua a master’s degree in management from Tsinghua University and Shenzhen International Graduate School, relying on the Qualified MiM students can also enroll in the Tsinghua SEM- a Master of Science degree from Columbia University. Program Objectives cultivation of the School of Economics and Management HEC MiM Dual Degree Program. The design of the program focuses on improving the overall of Tsinghua University. The overall design of the program combines big data with accounting, financial and management Tsinghua SEM Tsinghua SEM 2020-2021 2020-2021 40 Programs Programs 41

MBA Programs

Launched in 1991, Tsinghua MBA Programs are designed semester without paying tuition fees, or participate in short- Tsinghua Global MBA Program Tsinghua MBA Program to cultivate future leaders with comprehensive management term overseas exchange program or overseas modules. Each capabilities. year, Tsinghua MBA welcomes over 100 overseas students (Full-Time) (Part-Time) from its partner schools, making Tsinghua MBA classroom even Educational Philosophy more international. Tsinghua MBA students can apply for a dual Tsinghua Global MBA Program, jointly established by Tsinghua Tsinghua MBA program offers a wide range of optional courses degree in universities including Columbia, MIT and HEC Paris. SEM and Massachusetts Institute of Technology (MIT) Sloan and integrates management elites from various industries. It In addition, immersive learning environments are created for School of Management, is designed to cultivate global elites is suitable for middle and senior management backbones of The Programs emphasizes on cultivating students from three students in our overseas modules all over the world. by combining Tsinghua's character and MIT's elements. With various functions to step forward to become senior general aspects of Being, Knowing and Doing, and strives to achieve international enrollment and study, the Program is tailored for managers, and also for entrepreneurs to expand their the balance between knowledge, capability and integrity, the Integrated teaching business elites who aspire to achieve career transition and business. The class on weekend is better for management balance between academic discipline and practical relevance, international development after concentrating on completion of backbones to achieve balance between work and study, while and the balance between global perspective and China focus. Under the new situation, a new integrated teaching model studies. the class of concentration of time is more suitable for senior These objectives are achieved through soft skill development, combining offline and online teaching is adopted: students who managers and students from outside Beijing. experiential learning, integrated learning, and global are back to school take classes in classrooms, and students experiences. who cannot return to school take online courses remotely. It Length of study and learning method Length of study and learning method promotes educational equity and brings a brand new experience Curriculum Structure to both students and faculty. Duration: 18 months of courses and 6 months of graduation Duration: 24 months of part-time study and 6 months of report graduation report, or 2 years to complete studies The core curriculum is composed of five modules: Analytical Entrepreneurial Resources Language: English with Chinese elective courses Language: mainly Chinese with English elective courses Foundations, Management Fundamentals, Ethics and Soft With teachers from MIT, unique modules and practices With teachers from MIT, unique modules and practices Skills, China and the World, and Integrative Practices. The With the support from Tsinghua University and Tsinghua Science curriculum implements MBA educational philosophy, and Park, Tsinghua MBA offers abundant entrepreneurial courses Certificate Certificate cover core knowledge in key management areas, with the aim and practical programs to students. Students can participate in to enhance students’ capabilities and shape their character entrepreneurship education courses or join in teams for Tsinghua Tsinghua University’s Graduation Certificate for Postgraduate Tsinghua University’s Graduation Certificate for Postgraduate through various integrated practices. MBA Entrepreneurship Competition. Tsinghua x-lab and Tsinghua Students Students SEM X-elerator provide assistance and support for MBA students MBA Diploma Certificate MBA Diploma Certificate Tsinghua MBA offers approximately 100 elective courses in during all phases of making start-up plan, organizing teams, MIT Sloan Course Study Certificate eight areas and four industries with practice-oriented business setting up companies and seeking investment. courses so that students could achieve in-depth learning and personalized development based on their career plans and Alumni Network interests. Through over 20 years of development, more than 10,000 alumni work in various industries of finance, consulting, manufacturing, Program Features science and technology and information service. The Tsinghua SEM MBA Alumni Association, with organizations across different International Exposure levels, serves to improve communication and interaction among alumni themselves as well as between alumni and the alma Tsinghua MBA students can apply for overseas exchange mater, and promote life-long learning, career development, and program, and study at cooperative universities for one business cooperation among MBA graduates. Tsinghua SEM Tsinghua SEM 2020-2021 2020-2021 42 Programs Programs 43

EMBA Programs

Tsinghua SEM Executive MBA (EMBA) with special attention paid to China-specific management issues Tsinghua-INSEAD Dual-Degree understanding of the Chinese context, and modern business and practices. & technology trends, as well as leadership and business EMBA Program (TIEMBA) practice. As a highlight of the program, participants also Launched in 2002, the Tsinghua SEM Executive MBA (EMBA) In 2012, the program launched a new curriculum which enables receive personal Leadership Development coaching and is committed to cultivating industry leaders and shaping the students to access university-wide knowledge and resources The Tsinghua-INSEAD Dual-Degree EMBA Program was jointly go through the reciprocal Executive Exchange to draw from future of enterprises and organizations. The program combines and enhances their ability to understand global megatrends, launched by Tsinghua SEM and INSEAD in 2006. fellow participants’ management expertise. advanced management theories and concepts with best grasp opportunities, create favorable conditions, and achieve practice in China to equip executives with strong business win-win outcomes. Combining international business education with a focus on Asia, the joint program is designed for executives and A Lifelong Network ethics, an innovative spirit, leadership skills, strategic decision- In 2019, the program launched three new EMBA tracks, professional managers worldwide. making capability, and global competitiveness. namely, the cultivation of industry leaders, science & technology Upon successful completion of the program, graduates will entrepreneurs and fin-tech rising stars with an aim to further be awarded two separate degrees from Tsinghua EMBA and In 2005, the program achieved outstanding results in the first Degrees from Two Globally Recognized optimize its curriculum system, thus providing students with a INSEAD MBA for executives, respectively, and also become official EMBA program evaluation by the Academic Degree Institutions Committee of the State Council. The program has consistently keen forward-looking vision and deep insight into global economic alumni of both Tsinghua University and INSEAD, securing been ranked at the top of the “China’s Best EMBA Programs” dynamics. The newly-added elements will offer thought-provoking The program is designed to offer participants the best of both an exceptional opportunity to build a lifelong professional list by Managers Magazine since 2007. ideas regarding businesses’ strategic transformation and innovative institutions. The program runs across Beijing, Shenzhen, network spanning the continents. growth in the digital era. Singapore, Fontainebleau, and Abu Dhabi, providing Dedicated World-Class Faculty unparalleled multicultural perspectives and insights into some A Leading Global Position Extensive, In-Depth Global Partnerships of the most dynamic regions of the world. Bridging East- On October 19, 2015, the Financial Times announced the The faculty team is composed of highly qualified Chinese West business wisdom and expertise with rigorous study, the The program’s partnerships are both extensive and in-depth. result of the top 100 Executive MBA program rankings and foreign academics and professionals with world-class program endeavors to broaden participants’ strategic vision, Tsinghua SEM is the first business school in China to join for 2015. The Tsinghua-INSEAD Dual-Degree EMBA credentials. taking professional management and entrepreneurship to the EMBA Global Council. Tsinghua SEM EMBA offers eight Program was ranked No.1 globally. It marked the first time greater heights at the international level. During 2018-2019, High-Quality Students overseas learning tracks, including those focused on the East that a program that includes a mainland Chinese business the program upgraded its curriculum responding to the market and West Coasts of the U.S. as well as France, Germany, the school has occupied the top position. In 2018, the TIEMBA Admission to the program is highly competitive. The program changes. The new curriculum fully embodies the advantages UK, Spain, the Middle East, and Taiwan, China. program was ranked No. 3 globally by Financial Times. It of Tsinghua University as a comprehensive university and receives thousands of applications and admits approximately has ranked top 3 in 6 consecutive years in the world. 400 students each year. The program currently has more INSEAD as a world leading business school, focus on classic Sound Program Administration than 6,000 alumni. Among them, 94% are vice presidents or business fundamentals, global management insights, in-depth above, and 83% are presidents or general managers of their Tsinghua SEM EMBA, known for its rigorous, high-quality and organizations. Three EMBA alumni were honored with China innovative program administration style, dedicates itself to Central Television’s China Economic Figures of the Year Award. creating a unique learning culture and ethos. Innovative efforts Over 50 EMBA alumni are Deputies of the National People’s were undertaken to nurture a vibrant learning atmosphere Congress or members of the Chinese People’s Political and ensure smooth teaching operation via the organization of Consultative Conference. More than 300 EMBA alumni are activities such as class orientations, team building activities, founders or CEOs of publicly-traded companies in China. China tours and mobile classrooms.

Practical Curriculum Cohesive Alumni Network

The program has developed a unique curriculum that prepares The EMBA Alumni Association has 30 regional chapters,16 Chinese business leaders for a constantly changing global class-level Beijing chapters, 1 media chapter, 1 overseas business environment. The curriculum is practically oriented chapter and 8 interest clubs. Tsinghua SEM Tsinghua SEM 2020-2021 2020-2021 44 Programs Programs 45

Collaborative Degree Programs Executive Education Programs

Tsinghua SEM offers collaborative degree programs in for both China and the global market. The program provides Tsinghua SEM Executive Education offers a variety of non-degree programs for executives of domestic and overseas enterprises. partnership with overseas universities. Graduates of such a complete range of higher education and advanced training management training programs to help executives enhance programs are granted degrees from partner universities and courses to develop corporate executives with oriental and leadership capacity, expand career potential, and ensure sustainable Courses certificates from Tsinghua University. western management theory, strategic thinking, and a global development of their organizations. It serves as a lifelong platform for entrepreneurs and executives to learn and grow. perspective. Executive Education has offered training to more than 80,000 Tsinghua University-The Chinese senior executives and continuously innovated its courses to University of Hong Kong MBA Program Program Objectives incorporate cutting-edge management knowledge and to best Tsinghua-ENAC Advanced Master’s in Finance serve the needs of corporate executives. Program in Aviation Management Executive Education aims to provide high-quality, globally Executive Education delivers innovative, globally relevant frameworks oriented and tailor-made management education for senior that address the issues senior executives face. Capitalizing on strong This program was established with the objectives of developing An executive graduate program specializing in Aviation executives from enterprises and organizations. faculty teaching and research capabilities, Executive Education offers solid financial knowledge and essential management skills. With Management jointly developed by Tsinghua University and courses that combine management theories with practice, provides the vision of the Chinese market as well as a global perspective, the Ecole National de l’Aviation Civile (ENAC) in 2014, this new ideas to help executives react to management challenges, and this program prepares the students to become future leaders in Program Features program brings modern industrial management theories and offers best practice on managing enterprises. It serves as a lifelong the global financial industry. analytical methods into aviation management and enhances platform for entrepreneurs and executives. Tsinghua SEM Advisory Board was a key advocate for the Jointly offered by Tsinghua SEM and CUHK Business School, scientific and systematic management skills of top management establishment of the Center for Executive Education in late Executive Education has been taking responsibility for several the FMBA Program is the first MBA program in China with a while integrating business administration theories and aviation 2001. Executive Education seeks to integrate non-degree important training programs for China central state-owned specialization in Finance. The Program is reputed for its cutting- management practices. The program endeavors to inculcate the executive education programs in a way that aligns with the enterprises and private enterprises: Executive Management edge curriculum design. The courses introduce students to the management theory and aviation expertise required for the rapid school’s curriculum plan. Executive Education provides general Training Program for Central Enterprise Leaders (EMT) in 2016, latest frontiers and new developments in global financial markets. development of the aviation industry in China. courses including ministries' entrusted programs, digital capability and China Entrepreneur Management Development Program The courses are closely related to the reform and development programs, comprehensive management programs, industry (EMD) in 2018, which was upgraded to New Era Entrepreneurs of capital markets in China. The Program was first launched Tsinghua-Sotheby’s Master’s in Art programs, and short-term focused programs as well as custom Development Program (NEED). in year 2000 with one class in Beijing, and subsequently, an Business additional class was established in Shenzhen in 2004. So far, over 2,000 professionals with strong academic performance and This program is targeted at future leaders in Western and Courses work experience have graduated from the Program. Chinese art markets, equipping them with both managerial skills Ministries' Entrusted Programs • Executive Management Training Program for Central • New Era Entrepreneurs Development Program (NEED) sets and global insight in the sector. Enterprise Leaders (EMT)

Tsinghua-ENAC-ENPC Executive MBA Jointly developed by Tsinghua SEM, Tsinghua Academy of Arts Digital Capability Programs • Tsinghua-Tencent Future-Tech Entrepreneurs Program • Tsinghua-Siemens Digital Transformation Leadership Program Program Specialized in Aeronautics and & Design, and Sotheby’s Institute of Art in 2015, the Tsinghua- • Tsinghua-Alibaba New Business Xuetang Aviation Management Sotheby’s Master’s in Art Business is the first program in Comprehensive • Leading CEOs Program • Tsinghua Shenzhen Executive Management Program China that awards an MA degree in Art Business under the Management Programs • Excellent Manager Development Program • China's State-Owned Enterprises Executive Management Program (EMP) The program was developed by Tsinghua University in accreditation of the Ministry of Education. The module-based • Young Entrepreneur Program-Young, Elite, Sharing (YES) • China's State-Owned Enterprises Manager Development partnership with the Ecole National de l’Aviation Civile (ENAC) program provides academic lectures, panel discussions, and Program (MDP) and the Ecole Nationale des Ponts et Chaussées (ENPC) in guided visits to art-related institutions, featuring overseas • Tsinghua Shanghai Elites Management Program (TSE) • Business Wisdom in Ancient Chinese Studies 2014 and is the first program of its kind in China. Consistent with modules in New York as well as thesis supervision. Scholarships Industry Programs • Capital Market Leaders Program • PE Industry Investment Leaders Program EMBA program standards at Tsinghua University, it incorporates are available for candidates demonstrating excellence, and the • Energy Internet Industry Leaders Program • Advanced Seminar on Cultural Economics professional disciplines and courses in advanced and program has established practice bases that offer internships to • Tsinghua-ENAC Advanced Master’s Program in Aviation • Pharmaceutical Industry Leaders Program professional management knowledge and skills that are suitable outstanding students. Management • Advanced Management Program in Automotive Industry • Tsinghua-Sotheby’s Master in Art Business Short-term Focused • Transformation and Upgrade • Innovation and Entrepreneurship Programs • Strategy and Implementation • Organization and Leadership Custom Programs • Custom programs for companies of various types and growth stages/Professionalization, Platform, Branding and Mixed Teaching Tsinghua SEM Tsinghua SEM 2020-2021 2020-2021 46 Programs Programs 47

Tsinghua x-lab Tsinghua SEM X-elerator

Launched on April 25, 2013, Tsinghua x-lab is a university-based Tsinghua x-lab is very good at experiential learning. The series Tsinghua SEM X-elerator is a value-empowered ecosystem for resources, business models, technology, finance, local law and policy, platform facilitating creativity, innovation and entrepreneurship. of activities launched are: Innovate 48 Hackathon, "Goldewind global entrepreneurs and start-ups that embodies the spirit of empowering them from 1 to N. Cup" Energy Innovation Challenge, Nestlé Packaging Initiated by the School of Economics and Management, Tsinghua. Adhering to the concept of "serve the entrepreneurs" - Investment Tsinghua x-lab was jointly established by 16 schools and Sustainability Innovation Challenge, SDG Open Hack and and aiming to "bring together élite global entrepreneurs, departments of Tsinghua University (including Tsinghua SEM, other practical activities. nurturing young business leaders", X-elerator has developed To provide better FA services to entrepreneurs, Tsinghua SEM X-elerator the School of Information Science and Technology, the School of a 3-in-1 service system composed of education, space and has forged collaboration and partnership with over 320 investment firms, - Team-Nurturing Platform financial service platform and large enterprises, empowering start-ups Public Policy and Management, and others). It is an educational investment with a global vision. with professional capital docking. platform for creativity, innovation and entrepreneurship. It serves Tsinghua x-lab admits new teams and offers them a wide array Since its establishment, Tsinghua SEM X-elerator has the students, alumni and faculty. of resources across all development stages. Tsinghua x-lab holds supporting events each year and organizes monthly accelerated 477 startups, which have in total raised 1.583 Five-dimensional Empowerment Demo Days and Team Recruitment Day activities to help billion RMB. Academic and entrepreneurial delegations from 60 Tsinghua SEM X-elerator empowers entrepreneurs through Mission and Value Proposition teams attract investment and talent. Tsinghua x-lab regularly countries and regions have visited and initiated partnerships. mentorship, vertical field training, branding, international organizes coaching meetings, boot camps, roadshows and • Awarded by the Beijing Science and Technology Commission as collaboration and events, boosting global vision and The letter “x” in “x-lab” signifies the “exploring unknown” various lectures to help the teamgrow. Group Innovation Space in September 2015 competitiveness. and “cross-disciplinary collaboration” approach incorporated • Awarded by the Zhongguancun Administration Committee as the across multiple academic disciplines. The word “lab” denotes - Cross-Disciplinary Ecosystem and Resource Aggregation - Mentorship Empowerment Innovation Incubator in November 2015 Tsinghua x-lab is working with 30 Entrepreneurs-in-Residence experiential-learning and teamwork. Tsinghua SEM X-elerator has formulated a diversified and professional and 30 Angels-in-Residence who are all active members of • Authorized by the Haidian Government as the Centralized Office Area Tsinghua x-lab is committed to fostering inter-school and mentorship program aiming at instructing and helping entrepreneurs China’s start-ups and investment communities. Tsinghua x-lab (Co-working Space) for technology companies in December 2015 inter-departmental communications across the university, to on managerial skills, technical knowledges, frontier technological has also established partnerships with over 1600 domestic and • Awarded by Zhongguancun Inno-Way as the Best Entrepreneurial integrating various external and internal resources, and to development, product operation and marketing. overseas investment institutions and invited 13 Professional Education Organization in June 2016 providing means of actualizing business and social values by Firms-in-Residence to provide financial and advisory - Industry Empowerment • Recognized by the Administrative Committee of Zhongguancun members of the Tsinghua community. services to teams. Systematically promoting innovation and Haidian Science Park as Core Incubator for Emerging Industries of entrepreneurship in the vertical fields of Internet and information Tsinghua SEM X-elerator has established several industry-focused Central Zhongguancun in January 2018 entrepreneurial labs including Block Chain Application Lab, Lab of Services and Support technology, health care, environmental protection, education, science and technology and intelligent manufacturing, culture • Became a contractor for “Overseas Mass Entrepreneur and Sharing Economy and Community Economy, Innovative Business and sports, as well as the horizontal fields of future life, social Innovation Week” and organized Indonesia Chapter event in Model Lab, iLive Future Lab, and Medicine and Health Care Lab, Space innovation and women's entrepreneurship. September 2018 accelerating the growth of start-ups. Tsinghua x-lab offers a free workspace for project development, • Became a contractor for “Overseas Mass Entrepreneur and - Branding Empowerment team building, networking, and other entrepreneurial activities. Innovation Week” and organized Israel Chapter event in July 2019 Brand and Recognition For the purpose of giving our entrepreneurs more exposure, Tsinghua X-elerator’s social media platform have introduced “X-elerator Innovator” The Tsinghua x-lab Three-Prong Platform Services and Support Tsinghua x-lab has organized the Tsinghua University “President and “X-elerator Voice of Teams” to explore channels of promotion, Cup” Innovation Challenges consecutively for six years to create attracting partners and resources. Tsinghua x-lab has developed a “three-prong” platform that 3-in-1 Acceleration Service System innovation environment and provide a good channel to enhance includes an educational platform, a team-building platform, - International Empowerment and an ecosystem platform for resource aggregation and students' ability to innovate and start new business. Tsinghua x-lab Consisting of education, space and investment, our service has been widely recognized by the government and society. interdisciplinary practices. system is designed for entrepreneurs around the globe, In Tsinghua SEM X-elerator, more than 90% of startup teams currently Tsinghua x-lab was recognized as the first “Maker Space” by the breeding creativity, innovation and entrepreneurship. are composed of doctoral and master’s graduates and executives from - Educational Platform Beijing Municipal Government and as the “Dream Lab” by the domestic and foreign universities with a high reputation. Until now, we have Zhongguancun Science Park (Z-Park) Management Committee - Education created an international entrepreneurial community of 200+ members, The second-degree undergraduate program in Management at hosted and co-organized more than 80 international conferences, lectures, and as the "Advanced Collective Award" by Tsinghua University Tsinghua SEM X-elerator is dedicated to establishing a systematic Tsinghua SEM offers a track in Innovation, Entrepreneurship, visits, and academic exchanges, and forged partnership with more than 40 in 2019. educational program and a series of courses focusing on frontier and Leadership that began in the fall semester of 2015 and is institutions. managed by Tsinghua x-lab. Tsinghua x-lab has established partnerships with various technologies. We provide both all-round and in-depth training services reputable universities and hosts international summer camps to inspire innovative thoughts. Tsinghua x-lab offers the Tsinghua Innovation and - Event Empowerment and international exchange programs with the aim of broadening Entrepreneurship Certificate Program under the guide of students’ horizons and preparing them for the global market. - X+Space During COVID-19 pandemic, Tsinghua SEM X-elerator has created a Graduate School, which is open to all Tsinghua students. series of online events with various focuses in industry. In March, we Students receive the certificate upon completion of all three Tsinghua x-lab has expanded its international cooperation to X+Space welcomes merited entrepreneurs from all over the world invited comprehensive health professionals to speak at our “Live Class- modules with 35 courses totally. Germany, the UK, Singapore, Switzerland, Israel and India. to gather, co-operate and grow here. Once the teams enroll in our Combating COVID-19” webinars. Until May, 2020, the series has gained 2 program, they can utilize our 6+6+1 systematic services. Tsinghua million views and the views of written recaps has reached 3 million. SEM X-elerator will provide assistance and consultations on human Tsinghua SEM Tsinghua SEM 2020-2021 2020-2021 48 Research Research 49

Research

Research Overview Major Research Projects (Past 10 Years)

Over the past three decades, Tsinghua SEM has conducted academic research in economics and management. Based on Principal Project Title Source of Funding Starting Investigator Year academic and economic priorities as well as teaching and research, the School has also actively pursued applied research in areas relevant to the government and corporate sectors. Excellent research capability has made Tsinghua SEM one of the leading JIA Ning Corporate Strategy and Financial Decisions Excellent Young Scientists Fund, National Natural Science 2021/1/1 schools of economics and management in China. Foundation of China

LIN Zhijiee Sharing Economy Excellent Young Scientists Fund, National Natural Science 2021/1/1 Foundation of China On the National List of Developing - 9 projects in the National Natural Science Funds for Distinguished Young Scholars World-Class Disciplines YI Cheng Human-computer Interaction in E-commerce Excellent Young Scientists Fund, National Natural Science 2021/1/1 - 7 projects in the Excellent Young Scientists Fund Foundation of China

Management Science and Engineering In the past few years, on average each year: CHEN Yubo Service Operations and Risk Management of Sharing Economy Key Program, National Natural Science Foundation of China 2020/1/1 Platforms - National Natural Science Foundation: more than 15 projects Business Administration - National Social Science Fund: 2 projects CHEN Guoqing Steering Experts Research and Exchange of Study on Big Data Major Research Plan Program, National Natural Science 2019 Accounting and Finance Driven Management and Decision Foundation of China - National Strategic and Soft Science Projects: 2 projects LI Daokui A Study of Global Economic Structural Change of the 21st Major Research Program, National Social Science Fund of 2018 Economics and Econometrics Century China National Research Centers XU Xianchun Research on Statistical Monitoring and Evaluation of Major Program, National Social Science Fund of China 2018 Key Research Institute of Humanities and Social New Economy and New Driving Force in China under the Research Projects Background of Big Data Sciences in Universities (Ministry of Education) LU Yao Corporate Governance and Financial Markets Excellent Young Scientists Fund, National Natural Science 2018 As of September 2020, Tsinghua SEM has undertaken 427 Foundation of China - Research Center for Contemporary Management research projects funded by the National Natural Science - Research Center for Technological Innovation Foundation of China and over 500 projects for a variety of CHEN Jin Setting Up Research on Strategy Comparison and Realization Major Program, National Social Science Fund of China 2017 Path of Global Technological Powerful Countries government ministries and commissions, among which are: Publications - 3 projects in the Major Program funded by the National Natural YANG Delin Study on Innovation Driven Development Mechanism and Major Program, National Social Science Fund of China 2017 Related Policy of China's Manufacturing Industries in the Science Foundation of China Internet Environment Papers: Over 400 per year - 1 project in the Major Research Plan Program funded by the BAI Chong-En China’s International Financial Integration-Impact on Financial International (Regional) Cooperation and Exchange 2017 National Natural Science Foundation of China Books: Over 30 per year Development and Stability Programs, National Natural Science Foundation of China

- 2 projects in the Major International (Regional) Joint Research GAO Xudong The Guangdong Economic Restructuring and Industrial Programs of Joint Funds, National Natural Science 2017 Program funded by the National Natural Science Foundation of Transformation and Upgrading Based on Innovation Ecosystem Foundation of China China YANG Delin Study on the Institution System for Promoting China’s Key Program, National Social Science Fund of China 2016 - 4 projects in the Major Program funded by the National Social Innovative Development Science Fund of China CHEN Yubo User Behavior and Business Innovation in the Era of Key Program, National Natural Science Foundation of China 2016 - 2 projects in the Science Fund for Creative Research Groups Mobile Internet funded by the National Natural Science Foundation of China Tsinghua SEM Tsinghua SEM 2020-2021 2020-2021 50 Research Research 51

Selected Papers Published in International Journals in 2019

(Continued)

Principal Project Title Source of Funding Starting Department Author from SEM Title of Paper Publication Investigator Year

CHEN Guoqing Investigation and Workshop Organization Funding for Steering Major Research Plan Program, National Natural Science 2015 Accounting JIA Ning Political Connections and Directors’ and Officers’ Liability Insurance Journal of Corporate Finance Experts of Study on Big-Data Driven Management and Foundation of China Decision JIA Ning The Impact of Accounting Restatements on Corporate Innovation Strategy Journal of Accounting and Public Policy LI Daokui China's Historical GDP and Economic Structure: Major Program, National Social Science Fund of China 2015 WANG Kun Stock Price Contagion Effects of Low-quality Audits at the Individual 980-1840 Auditing: A Journal of Practice & Theory Audit Partner Level

CHEN Jin The Dynamics of Global Value Chain and Innovation Driven Key Program, National Social Science Fund of China 2015 Economics LU Yi Gender Gap under Pressure: Evidence from China's National College Review of Economics and Statistics Strategy of China Entrance Examination

CHEN Jian Research on Business Management in Big Data Era Major Program, National Natural Science Foundation of 2015 LU Yi Place-Based Policies. Creation, and Agglomeration Economies: American Economic Journal-Economic China Evidence from China's Economic Zone Program Policy

MA Hong, XU Yuan US Exports and Employment Journal of International Economics YAO Dawei Data Analytics and Decisions for Healthcare Key Program, National Natural Science Foundation of China 2015 QIAO Xue The King Can Do No Wrong: On the Criminal Immunity of Leaders Journal of Public Economics

SHI Xinzheng How Does Intergenerational Investment Respond to Changes in the Journal of Development Economics CHEN Guoquan Research on Business Organization Management System Science Fund for Creative Research Groups, National Natural 2015 Marriage Market? Evidence from China and its Transformation under a Complex and Changing Science Foundation of China Environment YAO Wen International Business Cycles and Financial Frictions Journal of International Economics CAO Jing Energy, Environment and Climate Change Economics Excellent Young Scientists Fund, National Natural Science 2015 Foundation of China Finance CHEN Yunling Macroeconomic Conditions, Financial Constraints, and Firms' Journal of Banking & Finance Financing Decisions CHEN Yubo Marketing and Business Innovation in an Interconnected World National Science Fund for Distinguished Young Scholars, 2014 Communication and Comovement: Evidence from Online Stock Forums National Natural Science Foundation of China JIANG Lei Financial Management

SHEN Tao Going Public in China: Reverse Mergers versus IPOs Journal of Corporate Finance CHEN Jian Mobile Recommender Systems in Big Data Era Joint Research Fund for Overseas Chinese Scholars and 2014 Scholars in Hong Kong and Macao, National Natural Science SHEN Tao Corporate Capital Structure Actions Journal of Banking & Finance Foundation of China YANG Zhishu Why Investors Do not Buy Cheaper Securities: Evidence from a Journal of Banking & Finance XUE Jian The Production and Effects of Accounting Information Excellent Young Scientists Fund, National Natural Science 2014 Natural Experiment Foundation of China

Innovation, CHENG Yuan, Forward-Looking Behavior in Mobile Data Consumption and Targeted Information Systems Research (ISR) XU Xin Firm-Level Information Management-Applications and National Science Fund for Distinguished Young Scholars, 2013 Entrepreneurship ZHU Yan Promotion Design: A Dynamic Structural Model Implications of Information Technology in Enterprise National Natural Science Foundation of China and Strategy Management JIAO Jie Subsidiary Networks and Foreign Subsidiary Performance: A Management and Organization Review Coopetition Perspective XIAO Yongbo Demand Management Strategy Excellent Young Scientists Fund, National Natural Science 2013 Foundation of China LI Donghong A Delicate Balance for Innovation: Competition and Collaboration in R&D Consortia Management and Organization Review

CHEN Jian Theory and Methodology of Supply-Chain Modeling, Key Program, National Natural Science Foundation of China 2013 LI Jizhen, XIE Wei, Technological Capabilities, Political Connections and Entry Mode International Journal of Technology Optimization and Coordination in the Low Carbon Era XIE Zhenzhen Choices of EMNEs Overseas R&D Investments Management

WU Rui, LI Jizhen Reconciling the Dilemma of Knowledge Sharing: A Network Pluralism Journal of Management YANG Bin Strategic Leadership Study of Chinese Companies: The Model Key Program, National Natural Science Foundation of China 2013 Framework of Firms’ R&D Alliance Network and Innovation Performance and Its Validity of Collective Leadership

Leadership CHEN Hao Cheetah Mobile: Cross-Cultural Clashes Within a Technology Harvard Business Publishing LEI Jiasu Route and Strategic Research Based on Scientific Study on Key Program, National Social Science Fund of China 2012 and Company Born Global Self-Innovation in Technology Organization Management JIANG Peng Chinese Children Adoption International: Maintaining Sustainable Ivey Publishing Development of Non-Profit Agency CHEN Guoquan Research on Business Organization Management System Science Fund for Creative Research Groups, National Natural 2012 and its Transformation under a Complex and Changing Science Foundation of China Environment WANG Lei Teams as Boundaries: How Intra Team and Inter Team Brokerage Journal of Organizational Behavior Influence Network Changes in Knowledge-Seeking Networks CHEN Guoqing The Growth Patterns and Key Factors for SMEs on Emerging Major International (Regional) Joint Research Program, 2012 e-Business Platforms National Natural Science Foundation of China WANG Xiaoye Understanding the Receiving Side of Creativity: A Multidisciplinary Journal of Management Review and Implications for Management Research Tsinghua SEM Tsinghua SEM 2020-2021 2020-2021 52 Research Research 53

(Continued) China Journal of Economics Research Support Department Author from SEM Title of Paper Publication

ISSN 2095-7254 Launched in 2014, the China Journal CN 10-1175/F Library Leadership WANG Xueli The Color of Faults Depends on the Lens: MNCs' Legitimacy Repair Management and Organization Review of Economics is an academic journal in and in Response to Framing by Local Governments in China 经济学报 China Journal of Economics Organization the field of economics. It is indexed by 5 第5卷 第2期 (总第18期) 2018年6月 Management 2 Established in 1985, the Tsinghua SEM library has a floor area of Source Attribution Matters: Mediation and Moderation Effects in the M型结构的形成:1955—1978年地方分权与地方工业的兴起 ZHANG Mian, 白惠天 周黎安

Journal of Organizational Behavior 18 the extended edition of Chinese Social 中国产业结构转型特征事实的一个理论解释 王高望 史博文 叶海云 900 square meters and houses a collection of more than 100,000 老龄化趋势下年龄依赖型要素对比较优势的影响 Relationship between Work-to-family Conflict and Job Satisfaction ——来自中国的经验研究

YANG Baiyin 2018 武康平 张永亮 Science Citation Index (CSSCI) source 中国的年金谜题与养老金领取行为研究 ——基于企事业年金领取偏好的调查 6 books in Chinese and over 10,000 books in foreign languages. 陈泽 陈秉正 中国农村家庭消费方程估计与预测 曹静 胡文皓 我国个税免征额调整的税收效应 ZHANG Mian Does Work-to-family Guilt Mediate the Relationship between Work- Journal of Economics.The Journal ——基于应有免征额、免征额累积性调整方式的分析 Approximately 6,000 new books are added to the collection Journal of Vocational Behavior 曹桂全 交通运输对人力资本的影响分析 ——基于动态一般均衡理论 to-family Conflict and Job Satisfaction? Testing the Moderating Roles 王贵东 分行薪酬考核激励、信息收集和信贷决策 publishes original research articles in 田跃勇 each year. The School makes substantial investments to expand of Segmentation Preference and Family Collectivism Orientation 清华大学经济管理学院 经济学报 subscriptions to leading Chinese and international academic Chinese on general economic微信号:cje-sem issues 定价:68.00元 ZHENG Xiaoming Pitching Novel Ideas to the boss: The Interactive Effects of Academy of Management Journal as well as on China-specific topics. The journals, newspapers, and magazines across the broad areas of Employees’ Idea Enactment and Influence Tactics on Creativity economics and management. The Tsinghua SEM library currently Assessment and Implementation China Journal of Economics encourages subscribes to 600 periodicals, including 160 in foreign languages. independent and objective research and ZHENG Xiaoming Will Creative Employees Always Make Trouble? Investigating the Journal of Business Ethics Roles of Moral Identity and Moral Disengagement advocates rigorous methodologies. It serves to make contributions to China’s Information Technology and Services Platform ZHENG Xiaoming Network Reconfiguration: The Implications of Recognizing Top Journal of Occupational and economic research and analysis. Performers in Teams Organizational Psychology Tsinghua SEM embarked on a major IT project in 2009 that aims to empower education with technological innovation. The project ZHENG Xiaoming Ethical Leadership with both "Moral Person" and "Moral Manager" Journal of Business Ethics Aspects: Scale Development and Cross-Cultural Validation Tsinghua Business Review was completed in 2013. Building upon a deep understanding of the demands of the modern classroom and the needs of ZHENG Xiaoming Haidilao 2018: Demystifying Restaurant Employee Motivation Harvard Business Publishing today’s students and educators, the new information technology Founded on the occasion of the and services platform is intended to provide an efficient, ZHENG Xiaoming Yonghui Superstores: Profit-Sharing and Partnership Reform Ivey Publishing centennial anniversary of Tsinghua cost-effective and user-friendly platform for communication, University (THU) in April 2011, Tsinghua knowledge exchange, and resource sharing. Management GUO Xunhua, CHEN Identifying Complements and Substitutes of Products: A Neural ACM Transactions on Knowledge Business Review is directed by the Science and Guoqing, WEI Qiang Network Framework Based on Product Embedding It also seeks to facilitate admissions, teaching, research, and Discovery from Data Ministry of Education and sponsored Engineering other school activities. The School’s buildings are fully equipped by THU. With “thought-guided reform” GUO Xunhua, CHEN Assortment Size and Performance of Online Sellers: An Inverted Journal of the Association for with wireless Internet access. Internet and teleconferencing Guoqing U-Shaped Relationship Information Systems (JAIS) as its aim of publication, the magazine systems enable faculty and students to engage in intellectual is featured with “global vision, China activities anytime and from any location. A comprehensive suite HUANG Jinghua Using user-and Marketer-generated Content for Box Office Information Systems Research (ISR) Revenue Prediction: Differences between Microblogging and roots, political and economic wisdom, of statistical software including SPSS, Mathematica, STATA, Third-party Platforms and humanistic spirit”, and committed to GAUSS, and Scientific Work Place are also available on the disseminate cutting-edge management new platform to support faculty research and teaching. HUANG Jinghua Triadic Closure, Homophily, and Reciprocation: An Empirical Information Systems Research (ISR) Investigation of Social Ties Between Content Providers theories and domestic enterprises’ best business practice. Data Research and Development Platforms LIANG Yong A Dynamic Programming Approach to Power Consumption INFORMS Journal on Computing Minimization in Gunbarrel Natural Gas Networks with Nonidentical Compressor Units China Business Case Center Tsinghua China Data Center (CDC) is a university-level research LIN Zhijie Large Online Product Catalog Space Indicates High Store Price: Information Systems Research (ISR) center, co-founded by the National Bureau of Statistics of China and Understanding Customers’ Overgeneralization and Illogical Inference Tsinghua University in July, 2016. It focuses on China’s economic Tsinghua SEM is the first academic institute in China dedicated and social data with the mission of becoming a high-end, world- to promoting the case method in business education and sharing LIN Zhijie An Empirical Study of Free Product Sampling and Rating Bias Information Systems Research (ISR) class research team and “think tank” with wide reputation focusing knowledge and expertise in case writing, teaching, and learning. on utilizing and developing economic and social data. LIU Hongyan Mobile App Recommendation: An Involvement-Enhanced Approach Management Information Systems Quarterly (MISQ) The China Business Case Center houses a collection of more Tsinghua-NBS Data Research Center (TNDRC) is the first data than 900 cases about Chinese companies with an annual Pricing or Advertising? A Game Theoretic Analysis of Online development center established by the National Bureau of WEN Zhong, LIN Lihui Journal of the Association for Retailing Information Systems (JAIS) addition of more than 100 new cases. The case collection spans Statistics in a university. In order to build high-level data service a wide spectrum of industry sectors and academic disciplines, platform, in June 2018, a ceremony was held at TNDRC to launch XIAO Yongbo Network Revenue Management with Cancellations and No-shows Production and Operations including strategy, innovation and entrepreneurship, accounting the micro-data development and application, which is an important Management and control, finance, operational management and information milestone in public access to micro-data of China’s government Leveraging User-Generated Content for Product Promotion: The statistics to serve the public as well as scientific research. In YI Cheng systems, human resources and leadership, and marketing, Effects of Firm-Highlighted Reviews Information Systems Research (ISR) order to further implement the requirements of the CPC Central among others. The case collection is subscribed by more than Committee and the State Council on public access to government 900 educational institutions in China. Marketing information, promote the opening and sharing of statistical data, CHEN Yubo Media Coverage of Climate Change and Sustainable Product Journal of Marketing Research Consumption: Evidence from the Hybrid Vehicle Market The China Business Case Center has established strategic and learn from international experience, the International Seminar partnerships with Harvard Business Publishing, Ivey Publishing, on Micro-data Development and Application, co-sponsored by CHEN Yubo Commentary: Marketing and the Sharing Economy: Digital Journal of Marketing the National Bureau of Statistics and Tsinghua University and Economy and Emerging Market Challenges the Case Center in Europe, and SAGE Publishing Group for global case distribution. As of May, 2020, 53 Tsinghua cases organized by CDC, was successfully held at Tsinghua University during November 21-22, 2019. LIANG Yitian The Sleepy Consumer and Variety Seeking Journal of Marketing Research have been distributed online by Harvard Business Publishing. CDC, jointly with the School of Economics and Management and The China Business Case Center provides two workshops LIU Wenjing Consumer Responses to High Service Attentiveness: A Cross- Journal of International Marketing the School of Social Sciences, published the “Tsinghua China Cultural Examination or forums each year on case development and teaching for Balanced Development Index (2020)” on November 4, 2020, which business educators across the country. The case-developing monitors the process of balanced development based on Chinese SUN Yacheng A Model of Customer Reward Programs with Finite Expiration Management Science Terms competition held by the Center each year is another nationwide principal social contradictions and key development issues in the grand event among business case writers. new era. Tsinghua SEM Tsinghua SEM 2020-2021 2020-2021 54 International Collaborations International Collaborations 55

In-Depth Partnerships and Collaborations with International Collaborations World’s Top Business Schools

Columbia University HEC Paris INSEAD Partnership with the Fu Foundation School Partnership with HEC Paris, including faculty Partnership with INSEAD in launching the of Engineering and Applied Science in exchanges, executive education programs, Tsinghua-INSEAD Dual Degree EMBA launching the dual-degree program of and MBA dual-degree programs since 1998 Program in 2006 Master in Business Analytics in 2014 Partnership with HEC Paris in launching the dual-degree program for Master in International Finance in 2013 Master's in Management (MiM) dual-degree program launched in 2013

MIT Sloan Stanford GSB UC Berkeley Partnership with the MIT Sloan School of Partnership with the Stanford Graduate Partnership with the Haas School of Business Management in launching the International MBA School of Business in launching the of UC Berkeley in launching the dual-degree Membership in International Organizations Program in 1996 Stanford-Tsinghua Exchange Program program of Master in Financial Engineering in Partnership with the MIT Sloan School of (STEP) for MBA students in 2005 2012 Management in launching the dual-degree program of Tsinghua MBA-MIT Master of Science AACSB 2002 Tsinghua SEM became a member of the Association to Advance Collegiate Schools of Business (AACSB) in Management Studies (MSMS) in 2008 2007 Tsinghua SEM obtained AACSB accreditation and became the first school on the Chinese mainland with AACSB accreditation Wharton London Business School 2012 Tsinghua SEM became the first school on the Chinese mainland to achieve AACSB maintenance of Partnership with the Wharton School of Partnership with London Business School in accreditation the University of Pennsylvania in faculty launching the Tsinghua & London Business Tsinghua SEM hosted the 2012 Asia Pacific Annual Conference exchanges since 1997 and student School dual degree program of Master of exchanges since 2010 Finance in 2019 2017 Tsinghua SEM successfully maintained its AACSB Business Accreditation AAPBS 2004 Tsinghua SEM participated in initiating the Association of Asia-Pacific Business Schools (AAPBS) Extensive Overseas Student Exchange Network 2005 Tsinghua SEM hosted the First Annual Conference of AAPBS As of September 30, 2020, the School has student exchange partnerships with 112 overseas institutions around the globe. In 2020, the School CEMS 2006 Tsinghua SEM became an Associate Academic Member of the Community of European Management provided around 425 study abroad opportunities for students. Schools (CEMS) 2011 Tsinghua SEM joined CEMS, becoming the only school on Mainland China with CEMS membership A Partial List 2014 Tsinghua SEM hosted the annual Strategic Board meeting North America Europe Asia-Pacific EFMD 2006 Tsinghua SEM became a member of the European Foundation for Management Development (EFMD) 2008 Tsinghua SEM was awarded EQUIS accreditation by EFMD Babson College Bocconi University The Chinese University of Hong Kong 2011 Tsinghua SEM was re-accredited by EFMD and maintained its EQUIS label Cornell University (Johnson) Copenhagen Business School Hong Kong University of Science and Duke University (Fuqua) ESADE Business School Technology Indian School of Business Executive MBA 2003 Tsinghua SEM became a member of the Executive MBA Council McGill University ESSEC Keio University Council 2004 Tsinghua SEM hosted the Asia regional meeting MIT (Sloan) HEC Paris Queen's University Instituto de Empresa Business School Nanyang Technological University 2014 Tsinghua SEM hosted the Asia regional meeting Stanford University Katholieke Universiteit Leuven National Taiwan University UC Berkeley (Haas) London Business School National University of Singapore GMAC 2008 Tsinghua SEM became a member of the Graduate Management Admission Council (GMAC) UC Davis London School of Economics and Political Singapore Management University UNC-Chapel Hill (Kenan-Flager) Science Thammasat Business School PIM 2005 Tsinghua SEM became a member of the Partnership in International Management (PIM) University of British Columbia Manchester Business School University of Auckland 2013 Tsinghua SEM co-hosted the 40th Annual PIM Conference University of Illinois at Urbana- Norwegian School of Economics and Business University of Melbourne Champaign Administration University of Sydney RWTH Aachen University PRME 2007 Tsinghua SEM participated in the Principles for Responsible Management Education (PRME) initiative University of Michigan (Ross) Waseda University University of Minnesota (Carlson) St. Petersburg University University of Pennsylvania (Wharton) University College London Latin America UNICON 2008 Tsinghua SEM became a member of the International University Consortium for Executive Education University of Richmond (Robins) University of Cologne (UNICON) University of Mannheim University of Toronto (Rotman) FGV-EAESP 2011 Tsinghua SEM hosted the UNICON Annual Conference 2011 University of Zurich Western University Pontificia Universidad Catolica de Chile University of Wisconsin-Madison Vienna University of Economics and Business Yale University Tsinghua SEM Tsinghua SEM 2020-2021 2020-2021 56 Alumni Resource Development 57

Alumni Resource Development

Tsinghua SEM is fortunate to have a strong alumni community. The School has engaged in a number of initiatives to help alumni To promote the development of educational cause of Tsinghua SEM, improve educational quality and academic level, Alumni play vital roles in building positive awareness of the School stay connected with each other and with the School, and it also strengthen the relation between the school and society, the school accepts the voluntary donations from domestic and and make significant contributions to help transform the School runs an alumni e-newsletter and leverages various social media foreign enterprises, social organizations and individuals. The supported areas are classified as follows: into a world-class higher education institution. The School currently tools to keep alumni informed of school news and activities. Chair Professorship International Collaboration Projects / Academic Meetings has more than 35,000 alumni from its degree programs, over 3,500 alumni from collaborative degree programs, and over 90,000 alumni Faculty Development Students / Alumni Events and Activities from non-degree programs. Research Centers / Programs In-kind Donations

Infrastructure and Facilities Specific Projects

Tsinghua SEM Alumni Associations Scholarship Others

Structure Donors of Chair Professorships Special Contribution

Endowed Chairs Term Chairs By Program Undergraduate Alumni Ph.D. Alumni Association Master's Alumni Association Maurice R. Greenberg Association Goldman Sachs Foundation Alibaba Foundation AXA Group AXA Group MBA Alumni Association EMBA Alumni Association Executive Education Alumni Apple Inc. CITIC Securities Company Limited Association China Construction Bank Flex Margaret Liu Collins Lenovo Freeman Foundation Richard Li By Region Shanghai Alumni Association Shenzhen Alumni Association Sichuan Alumni Association Houghton Freeman The Coca-Cola Company General Atlantic LLC Yunnan Alumni Association Chongqing Alumni Association Hubei Alumni Association Terry Gou

Liaoning Alumni Association Hong Kong Alumni Association Hon Hai Technology Group Irwin Mark Jacobs Term Chairs (Completed) Henry R. Kravis

Japan Alumni Association East US Alumni Association UK Alumni Association Richard Li China Ocean Shipping (Group) Company (COSCO) PepsiCo Inc. EMC Computer Systems (China) Co., Korea Alumni Association West US Alumni Association France Alumni Association David M. Rubenstein Ltd. Stephen A. Schwarzman Singapore Alumni Association East Canada Alumni Association Germany Alumni Association Esquel Group Starr International Foundation Goldman Sachs Charitable Gift Fund West Canada Alumni Association Stephen A. Schwarzman Education (UK) Foundation Merrill Lynch & Co. The Starr Foundation Tsinghua Tongfang Co., Ltd. By Specialty Alumni also organize various kinds of activities based on their interests in different fields such as finance, real Tsinghua SEM MBA Alumni Association estate, entrepreneurship, internet, reading, photography, outdoor, football, table tennis, etc., offering opportunities Tsinghua SEM Undergraduate Alumni Association to socialize and cooperate with each other. Zurich Insurance Group For more information, scan the code and visit the Tsinghua SEM official WeChat account. http://www.sem.tsinghua.edu.cn/en/ School of Economics and Management Tsinghua University Beijing 100084, China Tel: (8610) 6278 6512 Fax: (8610) 6278 5876