CKGSB Professor Wins CICF Best Paper Award for Novel Measure of Financial Flexibility
BEIJING, Aug. 1, 2023 /PRNewswire/ -- CKGSB Professor of Finance Dr. Erica Xuenan Li and her coauthors have won the CICF Best Paper Award by the China International Conference in Finance in 2023.
- BEIJING, Aug. 1, 2023 /PRNewswire/ -- CKGSB Professor of Finance Dr. Erica Xuenan Li and her coauthors have won the CICF Best Paper Award by the China International Conference in Finance in 2023.
- The paper "Balance Sheet Financial Flexibility", co-authored by Professor Li, Professor of Finance Sudipto Dasgupta at CUHK and PhD student Siyuan Wu at CUHK, is one of the three award-winning papers out of 2,000 papers submitted worldwide.
- Financial flexibility is a key factor affecting business investment decisions and is said to be the primary goal when building corporate capital structures.
- In contrast, Professor Li's research proposed a novel method to measure financial flexibility based on firms' investment behavior rather than financial statement disclosures.