Tianze Li

Ph.D., Finance, University of Manitoba
Bachelor of Commerce, Accounting, Shanghai University of Economics and Finance

Professional Designations
Chartered Financial Analyst
Certified Public Accountant (China)


Dr. Li earned his Ph.D. in Finance from I.H. Asper School of Business, University of Manitoba. Prior to joining MRU, Dr. Li was an Assistant Professor of Finance at School of Management (AACSB-accredited), New York Institute of Technology. Dr. Li has teaching experiences of various finance courses such as corporate finance, investments, security analysis, and portfolio management at both undergraduate and graduate levels. Dr. Li is a CFA Charterholder and currently serves as the MRU faculty advisor for CFA research challenge and CFA ethics competition during 2022-2023 academic year.

Dr. Li’s research interests span the fields of financial management, investments, and business strategy. His most recent research project investigates how automation technology interacts with corporate investment decisions and financial constraints. Dr. Li’s work has been published in peer-reviewed academic journals such as Journal of International Financial Markets, Institutions, and Money; International Review of Economics and Finance; Finance Research Letters; and International Journal of Hospitality Management.


Chan, E. K., Hodari, D., & Li, T. (2022). Soft brand or independent? Evidence from the first decade of the soft branding strategy in the US market. International Journal of Hospitality Management, 103, 103188.

Lorne, F., & Li, T. (2021). Financial bubbles for economic development: implications regarding ICOs. Studies in Business & Economics, 16(1).

Chen, C., Li, T., Shao, R., & Zheng, S. X. (2019). Dynamics of deterioration in internal control reported under SOX 404. International Review of Economics & Finance, 61, 228-240.

Li, S., Li, T., Mittoo, U., Song, X., & Zheng, S. X. (2019). ADR valuation and listing of foreign firms in US Equity markets. Journal of International Financial Markets, Institutions and Money, 58, 284-298.

Chen, C., Jin, C., Li, T., & Zheng, S. X. (2018). IPO valuation and offering size. Risk Management, 20(2), 95-120.

Chen, C., Li, T., Li, Y., & Zheng, S. X. (2018). Insider selling and IPO price premium. Emerging Markets Finance and Trade, 54(15), 3500-3518.

Jacoby, G., Li, Y., Li, T., & Zheng, S. X. (2018). Internal control weakness, investment and firm valuation. Finance Research Letters, 25, 165-171.

Jin, C., Li, T., Zheng, S. X., & Zhong, K. (2017). The new capital raised in IPOs. Managerial Finance.

Jin, C., Li, T., & Zheng, S. X. (2016). IPO offering size and analyst forecasts. Review of Pacific Basin Financial Markets and Policies, 19(03), 1650020.