Lyu XiaoyiAssistant Professor
Dept. of Finance
EMAIL: lvxy57@mail.sysu.edu.cn
Xiaoyi Lyu, Assistant Professor at Lingnan College, Sun Yat-sen University. Research areas include Green Finance, Corporate Finance, and Credit Market.
Research Areas
Green Finance, Corporate Finance, Credit Market
Professional Experience
2025.03-present Assistant Professor, Lingnan College, Sun Yat-sen University
Educational Background
2023.12-2024.12 Visiting Scholar, Gies College of Business, University of Illinois Urbana-Champaign (UIUC)
2020.09-2025.01 Ph.D. in Finance, School of Finance, Shanghai University of Finance and Economics
2017.09-2020.01 Master’s in Economics, School of Economics, Shanghai University of Finance and Economics
2013.09-2017.06 Bachelor’s in Statistics, Hunan University
Publications
Xiaoyi Lyu, Chenyu Shan, and Dragon Yongjun Tang, 2025, Does traditional debt financing hurt the environment? Evidence from toxic releases, Journal of Business Ethics.
陕晨煜, 李露茜, 吕小艺*, 2025, 市场型环境规制与金融资源配置——来自碳排放权交易市场的证据, 《金融研究》.
Yang, Zhijiu, Yanfang Qin, and Xiaoyi Lyu*, 2025, Digital government and private firm creation: Evidence from China's "Internet Plus Government Services" reform, Applied Economics.
Xiaoyi Lyu and Hao Hu, 2024, The dynamic impact of monetary policy on stock market liquidity,Economic Analysis and Policy.
Xiaoyi Lyu, Chenghao Liu, and Langlei Ji, 2024, Long-term credit and green innovation: Causal evidence from China, Applied Economics Letters.
吕小艺, 陕晨煜*, 李露茜, 汤勇军, 2024, 债权人监督企业的环境绩效吗?——基于债务融资的视角, 《金融学季刊》.



