• LI, Feng

    Chair Professor of Accounting

  • Email:

    fli@saif.sjtu.edu.cn

  • 　　

    　　

  • Support Staff:

    Lillian Jin

  • Support Staff Email:

    cyjin@saif.sjtu.edu.cn

  • Research Interests

    Financial Statement Analysis, Big Data & Text Mining, Asset Pricing & Risk Management.

Feng Li is a Chair Professor of Accounting at the Shanghai Advanced Institute of Finance (SAIF), Shanghai Jiao Tong University. Before joining SAIF, he was the Harry Jones Associate Professor of Accounting, with tenure, at the Stephen M. Ross School of Business, University of Michigan. At SAIF, he has held leadership roles, including Deputy Dean for Non-Executive Programs (2016–2018) and Director of the Finance MBA Program (2015–2018).

Professor Li’s research focuses primarily on financial statement analysis, the application of deep learning in financial analysis, asset pricing, and risk management. He has published more than 20 articles in leading academic journals, including the Journal of Accounting Research, the Journal of Accounting and Economics, the Accounting Review, Management Science, and the Journal of Financial Economics.

His research has earned wide recognition. In 2018 he received the American Accounting Association’s Distinguished Contributions to Accounting Literature Award, presented annually to recognize the uniqueness and magnitude of a publication’s contribution to accounting education, practice, or research. He has also been named to Elsevier’s list of Highly Cited Chinese Researchers every year from 2022 to 2025.

At SAIF, Professor Li teaches courses such as Principles of Accounting, Financial Reporting and Analysis, Essentials of Accounting for Decision Makers, and Financial Innovation. His teaching has been recognized with the SAIF Teaching Excellence Award in 2018 and 2022 and Shanghai Jiao Tong University’s Excellent Educator Award in 2020.


Journal Publications

1. Berger, Philip G., Feng Li, Lisa Yao Liu, and M. H. Franco Wong, 2026, Building Better Information: Reporting Technology, Internal Information Frictions, and Investment Efficiency, The Accounting Review.

2. Chen, Huafeng, Jason Victor Chen, and Feng Li, 2024, The Number of Estimates in Footnotes and Accruals, Management Science.

3. Li, Feng, Jun Qian, Haofei Wang, and Julie Lei Zhu, 2023, Stock pledged loans and market crash risk: Evidence from China, Journal of Finance and Data Science.

4. Chang, Danting, and Feng Li, 2023, Uncovering the information content in abnormal institutional visits, Finance Research Letters.

5. Chen, Huafeng Jason, Jason V. Chen, Feng Li, and Pengfei Li, 2022, Measuring Operating Leverage, Review of Asset Pricing Studies.

6. Chen, Huafeng Jason, Shaojun Jenny Chen, Zhuo Chen, and Feng Li, 2019, Empirical investigation of an equity pairs trading strategy, Management Science.

7. Chen, Jason V., and Feng Li, 2015, Discussion of "Textual analysis and international financial reporting: Large sample evidence", Journal of Accounting and Economics.

8. Li, Feng, Michael Minnis, Venky Nagar, and Madhav Rajan, 2014, Knowledge, compensation, and firm value: An empirical analysis of firm communication, Journal of Accounting and Economics.

9. Dichev, Ilia D., and Feng Li, 2013, Growth and accounting choice, Australian Journal of Management.

10. Li, Feng, and Venky Nagar, 2013, Diversity and performance, Management Science.

11. Li, Feng, Russell Lundholm, and Michael Minnis, 2013, A Measure of Competition Based on 10‐K Filings, Journal of Accounting Research.

12. Li, Feng, 2012, Discussion of Analyzing Speech to Detect Financial Misreporting, Journal of Accounting Research.

13. Li, Feng, 2011, Earnings Quality Based on Corporate Investment Decisions, Journal of Accounting Research.

14. Lehavy, Reuven, Feng Li, and Kenneth Merkley, 2011, The effect of annual report readability on analyst following and the properties of their earnings forecasts, The Accounting Review.

15. Li, Feng, and Suraj Srinivasan, 2011, Corporate governance when founders are directors, Journal of Financial Economics.

16. Li, Feng, 2010, Textual Analysis of Corporate Disclosures: A Survey of the Literature, Journal of Accounting Literature.

17. Li, Feng, 2010, The information content of forward- looking statements in corporate filings-A naïve bayesian machine learning approach, Journal of Accounting Research.

18. Li, Feng, 2008, Annual report readability, current earnings, and earnings persistence, Journal of Accounting and Economics.

19. Li, Feng, and M. H.Franco Wong, 2005, Employee stock options, equity valuation, and the valuation of option grants using a warrant-pricing model, Journal of Accounting Research.

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