Profile

Dr Erwei (David) Xiang is a Senior Lecturer (Associate Professor) in Accounting and Finance at NUBS.

He has established an extensive research track record through internationally excellent publications in relevant areas. Moreover, his publications have been regarded as top-cited papers and won best-paper awards. He has disseminated research, promoted knowledge exchange, and generated wide impact through media publications (e.g., three publications at The Conversation), public comment letter or policy report generation, presentation at national and international conferences and Departmental and University seminars, cross-institution event organisation, and collaboration with local businesses and wider communities. He has led a research cluster, built interdisciplinary and international teams to secure more than a dozen of competitive research grants (over £280K, including a UKRI-NERC grant) as principal investigator or co-investigator, initiated research impact case targeting REF2029, and mentored junior academic colleagues.

He has accumulated substantial teaching experience in Accounting and Finance in the UK, Australia and China and achieved good teaching performance through leading and delivering a breadth of courses at all levels (including undergraduate, postgraduate, MBA, and PhD) in various areas of Accounting and Finance for students from diverse backgrounds. He has also successfully attracted and supervised high quality PhD students to completion. More importantly, he has contributed to the curriculum leadership and development, delivered an innovative education, provided high-quality student experience, and developed research-led and employability-embedded teaching. He has also fostered a positive and inclusive learning environment for students to enhance student experience and satisfaction.

He has committed to making a significant contribution to the management and leadership of the school through taking the role of the Ethics Convenor and Co-leader of a research cluster. He has been maintaining good relationships and collaborations with various internal and external stakeholders, local councils, and businesses. He has undertaken external leadership roles through acting as director, council member, or committee member of various associations domestically and internationally. He has been invited to organise international conferences, give seminars, chair conference sessions, discuss papers at renowned conferences, and examine PhD theses. He has acted as an Associate Editor of Business Ethics, the Environment & Responsibility. He has also acted as ad hoc reviewer for high quality journals, such as Journal of Banking & Finance, Journal of Business Ethics, Energy Economics, Abacus, Journal of Accounting Literature, Business Strategy and the Environment, Journal of Economic Behaviour & Organization, Asia Pacific Journal of Management, Journal of Environmental Management, Accounting and Finance, Journal of Contemporary Accounting and Economics, and International Review of Economics and Finance.

David’s research interests include capital markets research, sustainability and social responsibility accounting, corporate finance, corporate governance, R&D investment & innovation, and interdisciplinary research. 

His publications have appeared in journals, such as Journal of Economic Behaviour & Organization, Energy Economics, International Review of Financial Analysis, Finance Research Letters, Business Strategy and the Environment, International Review of Economics and Finance, International Journal of Human Resource Management, International Journal of Hospitality Management, Global Finance Journal, Journal of Cleaner Production, Economics & Politics, Conservation Letters, Corporate Social Responsibility & Environmental Management, Journal of Contemporary Accounting & Economics, International Journal of Managerial Finance, Journal of Accounting in Emerging Economies, Science, Technology and Society, and《经济研究》.  

David has supervised PhD students from enrolment to completion and is happy to supervise PGR students or discuss interests in research degrees. 

ACC3001 – Financial Accounting

ACC4056 – Corporate Governance and Ethics

NBS8006 – Accounting for Analysts

NBS8566 – Topics in Accounting

• Articles

  • Shakri, IH, Yong, J, Xiang, E. Does capital structure mediate the relationship between corporate governance compliance and firm performance? Empirical evidence from Pakistan. Journal of Asia Business Studies 2025, 19(2).
  • Zhu, X, Chen, H, Xiang, E, Qi, Y. Digital transformation and corporate green technology transfer: The moderating effect of executive green cognition. Finance Research Letters 2025, 76.
  • Li Q, Shi Z, Xiang E, Shi H. Environmental investment and tunneling: A substitute for corporate governance. International Review of Economics & Finance 2024, 96(Part A), 103601.
  • Shakri IH, Yong J, Xiang E. Corporate governance and firm performance: Evidence from political instability, political ideology, and corporate governance reforms in Pakistan. Economics & Politics 2024, 36(3), 1633-1663.
  • Mair L, Elnahass M, Xiang E, Hawkins F, Siikamaki J, Hillis L, Barrie S, McGowan P. Corporate disclosures need a biodiversity outcome focus and regulatory backing to deliver global conservation goals. Conservation Letters 2024, 17(4), e13024.
  • Li Q, Wang S, He Z, Li H, Xiang E. Does stock market index adjustment affect environmental information disclosure? Evidence from China. International Review of Financial Analysis 2023, 87, 102628.
  • Chen H, Fang X, Xiang E, Ji X, An M. Do online media and investor attention affect corporate environmental information disclosure？Evidence from Chinese listed companies. International Review of Economics and Finance 2023, 86, 1022-1040.
  • Muhammad K, Djajadikerta H, Mat Roni S, Xiang E, Butt P. Board gender diversity and corporate social responsibility in an international setting. Journal of Accounting in Emerging Economies 2023, 13(2), 240-275.
  • Li H, Xiang E. Rising to the challenge: Top executives with R&D background, risk-taking, and corporate innovation. Science, Technology and Society 2022, 27(2), 233-255.
  • Shakri I, Yong J, Xiang E. Does compliance with corporate governance increase profitability? Evidence from an emerging economy: Pakistan. Global Finance Journal 2022, 53, 100716.
  • Li Y, Chen R, Xiang E. Corporate social responsibility, green financial system guidelines, and cost of debt financing: Evidence from pollution-intensive industries in China. Corporate Social Responsibility and Environmental Management 2022, 29(3), 593-608.
  • Li Q, Ruan W, Shi H, Xiang E, Zhang F. Corporate environmental information disclosure and bank financing: Moderating effect of formal and informal institutions. Business Strategy and the Environment 2022, 31(7), 2931-2946.
  • Chen H, An M, Wang Q, Ruan W, Xiang E. Military executives and corporate environmental information disclosure: Evidence from China. Journal of Cleaner Production 2021, 278, 123404.
  • Wang Z, Cai S, Liang H, Wang N, Xiang E. Intellectual capital and firm performance: The mediating role of innovation speed and quality. International Journal of Human Resource Management 2021, 32(6), 1222-1250.
  • Shakri I, Yong J, Xiang E. Impact of COVID-19 on cryptocurrencies: Evidence on information transmission through economic and financial market sentiments. Applied Finance Letters 2021, 10, 103-113.
  • Li Y, Li X, Xiang E, Djajadikerta H. Financial distress, internal control and earnings management: Evidence from China. Journal of Contemporary Accounting and Economics 2020, 16(3), 100210.
  • Xiang E, Cullen G, Gasbarro D, Ruan W. Does R&D expenditure volatility affect stock return?. Journal of Contemporary Accounting and Economics 2020, 16(3), 100211.
  • Li Q, Ruan W, Sun T, Xiang E. Corporate governance and corporate environmental investments: Evidence from China. Energy & Environment 2020, 31(6), 923-942.
  • Li Q, Li T, Chen H, Xiang E, Ruan W. Executives’ excess compensation, legitimacy, and environmental information disclosure in Chinese heavily polluting companies: The moderating role of media pressure. Corporate Social Responsibility and Environmental Management 2019, 26(1), 248-256.
  • Ogilvie M, Ng D, Xiang E, Ryan M, Yong J. Using traditional rituals in hospitality to gain value: A study on the impact of Feng Shui. International Journal of Hospitality Management 2018, 72, 1-9.
  • Ruan W, Xiang E, Ma S. Lending to private firms: evidence from China on the role of firm openness and bribery. The Chinese Economy 2018, 51(1), 1-19.
  • Li Y, Nie W, Xiang E, Djajadikerta H. Can banks identify firms' real earnings management? Evidence from China. Finance Research Letters 2018, 25, 23-29.
  • Tian X, Ruan W, Xiang E. Open for innovation or bribery to secure bank finance in an emerging economy: A model and some evidence. Journal of Economic Behavior & Organization 2017, 142, 226-240.
  • Wang Y, Xiang E, Cheung A, Ruan W, Hu W. International oil price uncertainty and corporate investment: Evidence from China's emerging and transition economy. Energy Economics 2017, 61, 330-339.
  • Ruan W, Cullen G, Ma S, Xiang E. Ownership control and debt maturity structure: Evidence from China. International Journal of Managerial Finance 2014, 10(3), 385-403.
  • Xiang E, Tian G, Yang F, Liu Z. Do mutual funds have information advantage? Evidence from seasoned equity offerings in China. International Review of Financial Analysis 2014, 31(1), 70-79.

• Digital or Visual Media

  • Xiang,E. Social responsibility a safety net when banks hit crises. Monash University: 360info, 2023.
  • Xiang, E. How rising interest rates are affecting UK businesses. The Conversation, 2023.
  • Xiang E. How changing banks’ corporate social responsibility reporting could prevent future financial failures. The Conversation, 2023.

• Online Publication

  • Xiang E, Elnahass M. Businesses that try to come clean about their impact on nature can end up concealing more than they reveal. The Conversation, 2024. Available at: https://theconversation.com/businesses-that-try-to-come-clean-about-their-impact-on-nature-can-end-up-concealing-more-than-they-reveal-232443.

• Report

  • Kinney E, Parkinson S, de Klerk L, Hooks G, Xiang E, Melnika M. How increasing global military expenditure threatens SDG 13 on Climate action. Conflict and Environment Observatory, 2025.