Carson College of Business Faculty Directory

Carson College Directory

Sheen Liu

Associate Professor
Finance and Management Science

Contact

Phone: (509) 335-0118
Office: TODD 490

Education

  • PhD (Syracuse University)
  • MBA (Syracuse University)
  • MS (Syracuse University)
  • PhD (MIT)
  • Other (University of Science and Technology of China)
  • Other (Beijing Institute of Civil Engineering and Architecture)

Sheen Liu

Dr. Liu is an associate professor in the Department of Finance and Management Sciences, where he teaches Investments and International Finance. Dr. Liu's research focuses on asset pricing of fixed income securities, tax and liquidity effects on fixed income securities, and corporate finance. He has published about 30 articles, including articles in the Journal of Financial Economics, Management Science, and Journal of Banking and Finance. Dr. Liu's research has earned the Peter L. Bernstein Award for Best Paper in an Institutional Investor Journal and the Ohio American Accounting Association Best Teaching and Curriculum Paper Award.

Research Interests

asset pricing
corporate bond
corporate finance
fixed income
taxes

Journal Articles

  • S. Liu, C. Wu Counterparty Risk and On-/Off-the-Run Treasury Spreads Review of Asset Pricing Studies, 2017
  • Sheen Liu, Howard Qi, Jian Shi, Yan Xie Inferring default correlation from equity return correlation European Financial Management, 2015
  • Yijas Lin, Sheen Liu, Jifeng Yu Pricing mortality securities with correlated mortality indexes Journal of Risk & Insurance, 2013
  • Howard Qi, Sheen Liu, Dean Johnson A model for risky cash flows and tax shields Journal of Economics and Finance, 2012
  • Hai Lin, Sheen Liu, Chunchi Wu Dissecting corporate bond and CDS spreads Journal of Fixed Income, 2011
  • Y. Xie, H. Qi, S. Liu Credit Risk Models: An Analysis of Default Correlation International Journal of Business and Finance Research,, 2010
  • J. Kocker, D. Layne, N. Storm, S. Liu Durations of Emerging Market Sovereign Debt during Financial Crisis International Journal of Finance and economics, 2010
  • Robert Jarrow, Haitao Li, Sheen Liu, Chunchi Wu Reduced-form valuation of callable corporate bonds: Theory and evidence Journal of Financial Economics, 2010
  • Howard Qi, Sheen Liu, Chunchi Wu Structural models of corporate bond pricing with personal taxes Journal of Banking & Finance, 2010
  • Howard Qi, Sheen Liu, Chunchi Wu On the calibration of structural credit spread models Annals of Finance, 2009
  • Sheen Liu, Jian Shi, Junbo Wang, Chunchi Wu The determinants of corporate bond yields Quarterly Review of Economics and Finance, 2009
  • Yan Xie, Sheen Liu, Chunchi Wu, Bing Anderson The effects of default and call risk on bond duration Journal of Banking & Finance, 2009
  • David Stout, Howard Qi, Yan Xie, Sheen Liu Incorporating real-options analysis into the accounting curriculum Journal of Accounting Education, 2008
  • S. Liu, C. Wu, P. Chen The Pricing of Initial Public Offerings: An Option Approach Advances in Quantitative Analysis of Finance and Accounting, 2008
  • Sheen Liu, Jian Shi, Junbo Wang, Chunchi Wu How much of the corporate bond spread is due to personal taxes? Journal of Financial Economics, 2007
  • R. Ulam, S. Liu, R. Eunni Modeling Steel Futures: an Empirical Study Using Spot Price and Convenience Yield Journal of Contemporary Business Issues, 2007
  • H. Qi, P. Woodlock, S. Liu, H. Chen Do Stock Options Encourage Managers to Take Risk? Journal of Academy of Finance, 2007
  • S. Liu, P. Woodlock Two Views of CEO Compensation: Part of the Problem or Part of the Solution? Journal of Theoretical Accounting Research, 2007
  • S. Liu, P. Woodlock Cash Reserve and Venture Business Survival Probability Journal of Entrepreneurial Finance and Business Venture, 2006
  • R. Volpe, H. Chen, S. Liu An Analysis of the Importance of Personal Finance Topics and the Level of Knowledge Possessed by Working Adults Financial Services Review, 2006
  • S. Liu, H. Chen, M. Hu Determinants of entry mode choice: A financial management approach Journal of International Business Strategy, 2006
  • Sheen Liu, Howard Qi, Chunchi Wu Personal taxes, endogenous default, and corporate bond yield spreads Management Science, 2006
  • S. Liu, C. Wu Risk Debt Maturity Choice under Information Asymmetry Advances in Quantitative Analysis of Finance and Accounting, 2006
  • Yan Xie, Sheen Liu, Chunchi Wu Duration, default risk, and the term structure of interest rates Journal of Financial Research, 2005
  • S. Liu, P. Woodlock The effect of stock options on a manager's project choice Journal of Academy of Finance, 2005
  • S. Liu, P. Woodlock Altering the Financial Incentives to Improve Shareholder Value: The Impact of CEO Base Salaries and CEO Tenure Journal of Financial and Economic Practice, 2004
  • S. Liu, C. Wu Taxes, Default Risk and Credit Spreads Journal of Fixed Income, 2004
  • J. Wang, S. Liu, C. Wu Does Underwriter Reputation Affect the Performance of IPO Issues? Journal of Entrepreneurial Finance and Business Venture, 2003
  • S. Liu, J. Wang, C. Wu Effects of Credit Quality on the Relationship between Tax-exempt and Taxable Yields Journal of Fixed Income, 2003
  • Sheen Xin Liu Condensing and Evaporating Heat Transfer and Pressure Drop Characteristics of HFC-134a and HCFC-22 Journal of Heat Transfer, 1997
  • Sheen Xin Liu, J. Lienhard Extremely High Heat Fluxes Beneath Impinging Liquid Jets Journal of Heat Transfer, 1993
  • Sheen Xin Liu, J. Lienhard The Hydraulic Jump in Circular Jet Impingement and in Other Thin Liquid Films Experiments in Fluids, 1993
  • Sheen Xin Liu, L. Gabour, J. Lienhard Stagnation Point Heat Transfer During Impingement of Laminar Liquid Jets: Analysis with Surface Tension Effects Journal of Heat Transfer, 1993
  • Sheen Xin Liu, J. Lienhard, L. Gabour Splattering and Heat Transfer during Impingement of a Turbulent Liquid Jet Journal of Heat Transfer, 1992
  • Sheen Xin Liu, J. Lienhard, J. Lombara Convective Heat Transfer by Impingement of Circular Liquid Jets Journal of Heat Transfer, 1991

    Presentations

    • Sheen Xin Liu, H. Qi, S. Liu, Y. Xie, J. Yu A Structural Approach for Predicting Default Correlation

      Conference Proceedings

      • Sheen Xin Liu, H. Khalifa Liquid Film Centrifuge in Screw Compressors
      • Sheen Xin Liu Analytical Model of the Polytropic Compression Process
      • Sheen Xin Liu, J. Bush, H. Khalifa, R. Drost Compressor Simulation: A Modular Approach
      • Sheen Xin Liu, H. Khalifa Analysis of Stiction Effect on the Dynamics of Compror Suction Valve
      • Sheen Xin Liu Efficiency of Non-azeotropic Refrigerant Cycle
      • Sheen Xin Liu, H. Khalifa Oil Effect on Dynamics of Compressor Suction Valve
      • Sheen Xin Liu Two-Phase Heat Transfer of HCFC-22 and HFC-134a in an Enhanced Tube Higher Education Press.
      • Sheen Xin Liu LMTD Application in Two-Phase Heat Transfer and Two-Phase Heat Exchangers
      • Sheen Xin Liu, J. Lienhard Extremely High Heat Flux Removal by Liquid Jet Impingement
      • Sheen Xin Liu, L. Gavour, J. Lienhard Stagnation Point Heat Transfer During Impingement of Laminar Liquid Jets: Analysis with Surface Tension Effects
      • Sheen Xin Liu, J. Lienhard, L. Gavour Splattering and Heat Transfer During Impingement of a Turbulent Liquid Jet
      • Sheen Xin Liu, J. Lienhard Liquid Jet Impingement Heat Transfer on a Uniform Flux Surface
      • Sheen Xin Liu, T. Ma, H. Li Effects of Porous Layer Thickness of Sintered Screen Surfaces on Pool Nucleate Boiling Heat Transfer and Hysteresis Phenomena Hemisphere Publishing Corporation

        Other

        • Sheen Liu Implementation of a Growth Debt Policy and Optimal Capital Structure
        • Sheen Liu Tax shields for a growth firm
        • Sheen Liu Bank Default Correlation and Regulations
        • Yaseen Ghulam, Sheen Liu The Feedback Effects of Sovereign Debt in a Country's Economic System: a Model