Xunhua Su

Associate Professor Xunhua Su

+47 55 95 98 03
Centre for Corporate Finance
Corporate Finance Banking FinTech


Xunhua Su is currently an associate professor at Department of Finance, NHH. He joined NHH in 2015 after working as a postdoc for two years at the Norwegian University of Science and Technology (NTNU). 
He completed his PhD at NHH in late 2012 and has been a visiting scholar at Wharton Finance Institutions Center, Norwegian Central Bank and Swiss Finance Institute. Before his graduate study, Xunhua Su had been for several years a manager and earlier an engineer of China Telecom (NYSE: CHA), Shenzhen Special Economic Zone. His research areas include theoretical and empirical corporate finance, banking, financial contracts and FinTech.  His research has been published in journals including JFE, JFQA, JMCB and JCF, and won the Yihong Xia Best Paper Award (2012 CICF). 


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Selected publications

Author(s) Title Publisher
Chi, Jianxin Daniel; Su, Xunhua; Tang, Yun; Xu, Bin Is Language an Economic Institution? Evidence from R&D Journal of Corporate Finance Volume 62; page 1 - 27; 2020
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
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
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 FinTech (FIE448) at the master level and Scientific Methods in Finance (FIN543) at the PhD level.


Working Papers (SSRN):

Upfront Fees and Prepayment Risk in Bank Loans with B. Espen Eckbo and Karin Thorburn. 
Semifinalist of the 2019 FMA Best Paper in Financial Markets and Institutions. 

Does Customer-base Structure Influence Managerial Risk-taking Incentives" with Jie Chen, Xuan Tian and Bin Xu. 
Revise and resubmit, Journal of Financial Economics

Why Don't Issuers Get Upset about IPO Underpricing: Evidence from the Loan Market with Donghang Zhang and Xiaoyu Zhang.

How Product Market Threats Shapes Financial Contracting: Evidence from Syndicated Loans with Einar Kjenstad, Han Xia and Xiaoyu Zhang.

Do Major Customers Keep Firms out of Trouble? Evidence from Major Customer Relationships with Jie Chen, Xuan Tian and Bin Xu.

Competition and Credit Lines as a Source of Corporate Liquidity with Daniel Chi, Zhou Lu and Xiaoyu Zhang.