Xian Sun

Xian Sun, PhD

Professor of Practice
Academic AreaAccounting
Academic AreaFinance
Areas of InterestCorporate Finance, Financial Institutions

Xian Sun, PhD (Finance, Rensselaer Polytechnic Institute) joined the Johns Hopkins Carey Business School in 2009. She is a professor of practice with expertise in the areas of emerging capital markets, institutional shareholders, and mergers and acquisitions.


  • ​Ph D, Rensselaer Polytechnic Institute, 2006: Finance
  • MBA, Rensselaer Polytechnic Institute, 2002 Major: Finance
  • BA, Shanghai Jiaotong University, 2000


Selected publications

Book Chapters

  • Patro, D. Siddique, A., and Sun, X. 2013. Stress testing for market risk. Stress Testing: Approaches, Methods and Applications. Risk Books.


  • Sun, X., Zhang, H., Jiang, J. (2022). De Facto Power in Transition Economy: The Case of China. Journal of Financial Stability.
  • Sun, X., Francis, B., Wu, Q. (2022). Managerial Ability and Tax Aggressiveness. China Accounting and Finance Review.
  • Sun, X., Zhou, M., Hasan, I., Francis, B. (2022). Trust, politics and post-IPO performance: SOEs vs. the private sector. Economic and Political Studies.
  • Li, M., Phan, H.P., Sun, X., 2021. Business Friendliness: A Double-Edged Sword. Sustainability 13 (4), 1819.
  • Liu,Q., Sun, X., and Wu, H., 2019. Premier Advisory Services for VIP Acquirers. Journal of Corporate Finance 54, 1-25.
  • Francis, B., Hasan, I., Sun, X., Wu. Q. 2016. CEO Political Preference and Corporate Tax Sheltering. Journal of Corporate Finance 38, 37-53.
  • Francis, B., Hasan, I., Lothian, J. and Sun, X. 2010. The Signaling Hypothesis Revisited: Evidence from Foreign IPOs. Journal of Financial and Quantitative Analysis, 45, 81-106.
  • Francis, B., Hasan, I. and Sun, X. 2009. Political Connections and the Process of Going Public: Evidence from China. Journal of International Money and Finance, 28, 696-719.

Working Papers

  • Francis, B., Sun, X., Wu, Q., Ren, N. Do Better Managers Get Better Loan Contracts?
  • Sun, X., Bai, G., Quintero, L., Phan, P., Rebucci, A., Jimenez, D. The Financial Fragility of For-Profit Hospitals: Evidence From the COVID-19 Pandemic.

Refereed Journal Articles under Submission

  • Jiang, E., Sun, X., Zhang, H., The rising De Facto Power: China Evidence, R&R
  • Francis, B., Sun, X., Wu, Q., Ren, N. Do Better Managers Get Better Loan Contracts? R&R
  • Francis, B., Hasan, I., and Sun, X., CEO Compensation and Covenant Violation. Submitted.



  • Accounting and Financial Reporting
  • Emerging Markets
  • Finance
  • Principles of Finance

Honors and distinctions

  • Excellence in Teaching Award, The Johns Hopkins University Alumni Association 2018-2022
  • Dean’s Award. Carey Business School, Johns Hopkins University 2017-2021
  • On-The-Spot Awards, Office of the Comptroller of Currency, September 2007, December 2007, August 2008
  • Del and Edith Karger Dissertation Prize in Management, RPI, May 2006