• Eminent Scholar and Professor of International Business. B.A. in Economics (Peking University), Ph.D. in Sociology (Princeton University), Post-Doctoral Fellow (Harvard University). 2008 Outstanding Faculty (SCHEV) Award winner.
  • Selected Publications

    Articles In Academic Journals

    Year Title
    2017 An Outlook and Assessment on Corruption and Anticorruption Campaigns in ChinaModern China Studies.
    2017 An institutional perspective on religious freedom and economic growthPolitics and Religion.
    2017 Corruption and Anticorruption Campaignes in ChinaModern China Studies.
    2017 Corruption may worsen in democratizing economies: but don't let it erode our faith in democracyModern China Studies.
    2017 Don't lose faith in democracy because of corruptionHong Kong Economic Journal Monthly.
    2017 The cultural dividend: a hidden source of economic growth in emerging countriesCross Cultural & Strategic Management. 590-616.
    2016 Corruption, Regime Type, and Economic GrowthPublic Finance and Management. 332-361.
    2016 Institutional reforms and the effects of family control on corporate governanceFamily Business Review. 174-188.
    2016 The Cultural Revolution in the Eyes of An Art SoldierModern China Studies. 199-218.
    2015 Are the 2nd generation of entrepreneurs ready?Hong Kong Economic Journal Monthly. 116-117.
    2015 From ‘big-strong-good’ to ‘good-strong-big’: China’s economic slowdown provides opportunity for the upside down firms to adjustHong Kong Economic Journal Monthly.
    2015 Governance dilemma during the transition in East AsiaHong Kong Economic Journal Monthly. 130-131.
    2015 Photos of major social turmoil in China since 1900Modern China Studies. 21-32.
    2015 Why government stimuli have such different results in the U.S. and China?Hong Kong Economic Journal Monthly. 128-131.
    2014 An empirical analysis of spatial tax competition among Chinese counties based on spatial econometric modelsEconomic Research Journal. 41-53.
    2014 Chinese State-Owned Enterprises: Are They Inefficient?The Chinese Economy. 81-115.
    2014 Culture plays a major role in productivity gainsHong Kong Economic Journal Monthly.
    2014 Financial giants and moral pigmies: Multinational corporations and human rightsInternational Journal of Emerging Markets.
    2014 From Heresy and Policy: My Prescription for China’s Population Policy 25 Years AgoModern China Studies.
    2014 How Much Can We Trust the Financial Report? Earnings Management in Emerging EconomiesInternational Journal of Emerging Markets.
    2014 Parking habit and economic growthHong Kong Economic Journal Monthly.
    2014 Predicting productivity gains from parking behaviorInternational Journal of Emerging Markets. 462-470.
    2014 Professionalization of Family Business and Performance EffectFamily Business Review. 346-364.
    2014 The Inevitable and difficult transition from relation-based to rule-based governance in ChinaModern China Studies.
    2014 Which countries do not hate the rich: social attitude toward wealth across countriesHong Kong Economic Journal Monthly. 132-134.
    2013 China’s (painful) transition from relation-based to rule-based governance: When and how, not if and whyCorporate Governance: An International Review.
    2013 Does Diversification Add Value in the Emerging Economies? Effect of Corporate GovernanceJournal of Business Research.
    2013 My advice on loosening China’s birth control policy twenty-five years agoHong Kong Economic Journal Monthly.
    2012 Control Modes and Outcomes of Transformed SOEs in China: An Empirical TestManagement and Organization Review.
    2012 Foreign Direct Investment vs. Foreign Portfolio Investment: The Effect of the Governance EnvironmentManagement International Review. 643-670.
    2012 Governance environment and organization design of foreign subsidiariesInternational Journal of Business Management.
    2012 Organization Design for Foreign Subsidiaries in Multinational Enterprises: A Contingency PerspectiveInternational Journal of Business & Management. 47-63.
    2012 Why Some Countries Trade More, Some Trade Less, Some Trade Almost Nothing: The Effect of the Governance Environment on Trade Flows,International Business Review.
    2011 'Keep Silent and Make Money': Institutional Patterns of Earnings Management in ChinaJournal of Asian Economics. 369-382.
    2011 Globalization of the Chinese Firms: Theoretical Universalism or Particularism
    2011 My Life as an Art Soldier in Mao’s China: Art and PoliticsModern China Studies.
    2011 The Evolution of Governance Value Chain: the Case of Hi-Tech Industries in TaiwanCorporate Governance: An International Review.
    2011 ’Keep Silence, Make Money’: The institutional pattern of earnings manipulation in ChinaJournal of Asian Economics.
    2010 Corporate social responsibility in the emerging markets: The importance of the governance environmentManagement International Review.
    2010 Governance environment and accounting quality across countriesCorporate Governance: An International Review. 161-174.
    2010 National Adoption of international accounting standards: An institutional perspectiveCorporate Governance: An International Review. 161-174.
    2010 Usage of public corporate communications of social responsibility within Brazil, Russia, India and China (BRIC)International Journal of Emerging Markets. 6-22.
    2010 Why some countries thrive despite corruption? The role of trust in corruption-efficiency relationshipReview of International Political Economy. 129-154.
    2010 ’Keep silent, make money’: Can Chinese firms’ financial data be trusted?Hong Kong Economic Journal Monthly. 88-90.
    2009 Asian Corporate GovernanceCorporate Governance: An International Review. 407-410.
    2009 CSR Communication Intensity in Chinese and Indian Multinational CorporationsCorporate Governance: An International Review. 426-442.
    2009 Conducting market exchange in different governance environments: the case of the diamond market in the U.S. and ChinaJournal of Business Ethics. 453-471.
    2009 Ownership transformation and profitability of collectively owned enterprises: An agency theory perspectiveWorld Development. 1651-1662.
    2009 The Effect of the Governance Environment on Marketing Channel Behaviors: The Diamond Industries in the U.S., China, and Hong KongJournal of Business Ethics. 453-471.
    2008 Costs and benefits of XBRL adoption: early evidenceCommunications of the ACM. 47-50.
    2007 A comparative study of the Economic Reforms in China and India: What can we learn?Global Economic Review. 147-166.
    2007 Mao’s pervasive influence on Chinese CEOsHarvard Business Review. 16.
    2007 The Effects of Governance Environment on the Choice of Investment ModeJournal of World Business. 80-98.
    2007 Why China thrives despite corruptionFar Eastern Economic Review.
    2006 Market liberalization and firm performance during China’s economic transitionJournal of International Business Studies. 127-147.
    2005 Modeling RBRT Adoption and its Effects on Cost of CapitalInternational Journal of Accounting Information Systems. 196-215.
    2005 Why a poor governance environment does not deter foreign direct investment: the case of China and its implications for investment protectionBusiness Horizons. 279-302.
    2004 Can China learn from Hong Kong’s experience in fighting corruption?Global Economic Review. 1-9.
    2004 China’s political reform as the key to US-China relationsInternational Studies Review. 27-38.
    2004 Governance environment and international business: Frictions between rule-based and relation-based societies and the strategic and policy implicationsJournal of National Development Studies. 83-120.
    2004 Institutional change and the emergence of private ownership in ChinaJournal of Business Research. 1145-1152.
    2004 Location and performance of foreign firms in ChinaManagement International Review. 151-169.
    2004 The great leap forward: the change of governance in a transition economyOrganizational Dynamics. 63-78.
    2004 The myth of truth of foreign investment in ChinaHong Kong Economic Journal Monthly.
    2004 The puzzle of firm performance in China: An institutional explanationEconomics of Planning. 47-68.
    2004 Why are property rights protections lacking in China? An institutional explanationCalifornia Management Review. 100-115.
    2003 Applying and evaluating models to predict customer attrition using data mining techniquesJournal of Comparative International Managemen. 10-22.
    2003 In the house of tyrannyNational Review.
    2000 The road to capitalism: Competition and institutional change in ChinaJournal of Comparative Economics. 269-292.
    1999 The impact of order and mode of market entry on profitability and market shareJournal of International Business Studies. 81-104.
    1995 Survival AnalysisMarketing Research. 17-23.
    1989 Measuring the fuzziness of human thoughts: an application of fuzzy sets to sociological researchJournal of Mathematical Sociology. 67-84.
    1989 What China can learn from TaiwanORBIS: A Journal of World Affairs. 327-340.


    Year Title
    2018 "Carry On the Revolution to the End"? Propaganda Posters in China
    2016 East Asian Business in the New World: Helping Old Economies Revitalize.  Elsevier.
    2015 “Together or Separate Checks?” Why the East and West Conduct Business in Different Ways.  Center for Modern China Foundation.
    2009 Managing International Business in Relation-based versus Rule-based countries.  New York: Business Expert Press.
    1994 China Business Directory.  AT&T EastGate Services.
    1992 The Political Economy of Contemporary China.  Taipei: Guiguan Publishing House.
    1991 China: Reforms and Development.  Taipei: Guiguan Publishing House.
    1989 The Distribution of Interbirth Intervals in Rural China: 1940s to 1970s.  East-West Center.
    1988 Chinese Intellectuals View Politics, Society, and the Economy.  Taipei: Guiguan Publishing House.


    Year Title
    2018 Be A Clock Builder, Not A Time Teller: The Story of the Great Wall Enterprise InstituteThe Method of the New Economy. Beijing: Gold Wall Press.

    Research Overview

  • The global environment of business, especially the governance environment in societies undergoing rapid transformation. Articles have appeared in journals such as Harvard Business Review, California Management Review, Journal of International Business Studies, Management International Review, and Journal of World Business. Commentaries have appeared in The Wall Street Journal, The Financial Times, and The New York Times. The Economist featured his research twice.
  • Expertise Keywords

  • Management : International Business--governance environment, economic transition, privatization, business strategy, e-commerce, country risk analysis, China--economic reform, democratization, governance environment, foreign investment, business strategy, e-commerce, risk analysis, privatization strategy
  • Education And Training

  • Ph.D. in Sociology, Princeton University 1988
  • M.A. in Sociology, Princeton University 1987
  • M.A. in Sociology, State University of New York University at Albany 1984
  • B.A. in Economics, Peking University 1982
  • Full Name

  • Shaomin Li