Xiaochuan Tong

Xiaochuan Tong is a teaching assistant professor in the Perella Department of Finance at Lehigh University College of Business. He teaches courses in corporate finance at the MBA-level and the undergraduate-level. Dr. Tong’s teaching practice integrates student-centered active learning approaches, such as peer group discussions, student-faculty interactions, case studies, and analyses of real-life market phenomena. He acknowledges the diverse needs of students and pays particular attention to adaptiveness in his classes.

His research interests relate to topics of behavioral research in finance, particularly, the psychological and sociological perspectives of finance (e.g., cognitive limits, distorted beliefs, social interactions, peer effects). For instance, one series of his research investigates how social communication alters retail trader behavior leveraging proprietary datasets and modern analytical techniques, such as big data analytics and textual analysis. Another series of his research examines the impact of government ownership on various aspects of corporate governance outcomes, such as firm performance, CEO compensation, and market reaction.

Dr. Tong practiced in the area of FinTech. He is the recipient of KPMG Outstanding Dissertation Award and King’s Global Research Grant. He is an Associate of King’s College London (AKC) and an Associate Fellow of Higher Education Academy (AFHEA), United Kingdom. In addition, he held a Royster Global Fellowship at the University of North Carolina at Chapel Hill and a visiting position at Copenhagen Business School, Denmark.

Education

• University of Science and Technology Beijing, B.S.
• Shanghai University of Finance and Economics, M.S.
• King’s College London, Ph.D.
• University of Massachusetts Boston, Ph.D.

Research Interests

• Corporate finance
• Behavioral finance
• Fintech

• Tong, X. (2022). Flying for Safety: Does Government Ownership Impact Investor Herding in Extreme MarketConditions? International Journal of Business and Economics, forthcoming.
• Tong, X., & Kunkel., R. A. (2022). China’s CEO Pay Reform: An Analysis of the Financial Impact on Central State-Owned Enterprises. Journal of Finance Issues, 20(1), 72-80.
• Tong, X., & Wang, B. (2015). The Cointegration Relationship Between Insurance Investment and China's Macroeconomic Variables: An Empirical Research Based on Time Series Analysis. The Business & Management Review, 7(1), 479-484.
• Tong, X., & Wang, B. (2012). The Impact of Trade in Non-insurance Financial Services on China’s Economic Growth Since Joining the WTO for Ten Years: An Empirical Study Based on Grey Incidence Analysis. China Securities and Futures, 3, 212-213.