Xunhua Su

Associate Professor Xunhua Su

+47 55 95 98 03
Centre for Corporate Finance
Corporate Finance Banking Financial Crisis


Xunhua Su joined NHH in 2015 after working for two years at the Norwegian University of Science and Technology (NTNU).  He completed his PhD at NHH in 2012 and was a visiting scholar at Wharton Finance Institutions Center (2011-2012) and Swiss Finance Institute (2009-2010). Before his graduate study, Xunhua Su had been a manager and earlier an engineer at China Telecom (NYSE: CHA), Shenzhen Special Economic Zone. Xunhua Su’s research areas include theoretical and empirical corporate finance, banking, and financial contracts.  His research was published in journals including the Journal of Financial and Quantitative Analysis, Journal of Money, Credit and Banking, and Financial Management. His papers were presented at the WFA Conference (2013, 2014) and won the Yihong Xia Best Paper Award (2012 CICF).

Curriculum Vitae 

Home page

Selected publications

Author(s) Title Publisher
Su, Xunhua; Zhang, Li A Re-examination of Credit Rationing in the Stiglitz and Weiss Model. Journal of Money, Credit and Banking Volume 49 (5); page 1059 - 1072; 2017
Chi, Jianxin Daniel; Su, Xunhua Product Market Threats and the Value of Corporate Cash Holdings Financial Management Volume 45 (3); page 705 - 735; 2016
Chi, Jianxin Daniel; Su, Xunhua The dynamics of performance volatility and firm valuation Journal of Financial and Quantitative Analysis Volume 52 (1); page 111 - 142; 2017
Kjenstad, Einar Cathrinus; Su, Xunhua; Zhang, Li Credit rationing by loan size: A synthesized model Quarterly Review of Economics and Finance Volume 55; page 20 - 27; 2015
More publications in Cristin

Xunhua Su teaches Banking and Financial Innovation (FIE448) at the master level.


Working Papers:

Product Market Threats and Financial Contracting: Evidence from Performance-Sensitive Debt with Einar Kjenstad and Han Xia.
Presented at: WFA (Lake Tahoe), Lone Star (Fort Worth),  CKGSB-SAIF SIF (Suzhou), CICF (Xiamen), NFA (Quebec), FMA (Las Vegas), PFMC (Paris)

Reward-Timing Uncertainty, Languages, and Corporate R&D Investments with Yun Tang and Bin Xu
Presented at: CICF (Xiamen), FMA (Las Vegas), RBFC (Amsterdam), PFMC (Paris)

Penalty-free Prepayments, Credit Rationing and the Use of Upfront Fees in Bank Loans with B. Espen Eckbo and Karin Thorburn. New version soon.
Presented at: CICF (Chongqing), FMA (Denver)

Product Market Threats and Corporate Liquidity Choices with Daniel Chi and Han Xia.
Presented at: WFA (Monterey Bay), Frontiers of Finance (Warwick), FMA (Chicago)