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School of Business and Management

Dr Ni Peng


Senior Lecturer in Finance

Telephone: +44 (0)20 7882 8413
Room Number: Room 2.06a, Francis Bancroft Building, Mile End Campus
Office Hours: (Semester A): Monday 11.00-13.00 (BUSM030), Tuesday 10:00-11:00&13.00-14.00 (BUS340)




Dr Ni Peng is a Senior Lecturer in Finance at Queen Mary, University of London. She holds a PhD in accounting and finance, together with an MBA from the University of Manchester (Manchester Business School). Her research interests are in sustainable and responsible finance, innovation, empirical corporate finance and corporate governance (e.g., M&A and other corporate restructurings, and executive compensation). She has published her work in Management Science, Journal of Corporate Finance, International Review of Financial Analysis, Journal of Business Ethics, among others. Ni has over five years of industry experience at one of the largest Chinese financial conglomerates before starting academic career.



  • BUS340: Financial Markets and Institutions


  • BUSM030: Corporate Finance for Managers

Ni is a Fellow of the Higher Education Academy.


Research Interests:

  • Sustainable and Responsible Finance
    • Environmental and Climate Finance
    • Green Innovation and Corporate Financial Decisions
    • Sustainable Supply Chain and Finance
  • Empirical Corporate Finance
    • Mergers, Acquisitions, and Corporate Restructurings
    • Executive Compensation
    • Corporate Governance

Centre and Group Membership:


Journal articles

  • Cai, X., De Cesari, A., Gao, N., Peng, N., Acquisitions and Technology Value Revision. In: Management Science
  • Gao, N., Peng, N., Zhang, Y., 2021. Distributive Inefficiency in Horizontal Mergers: Evidence from Wealth Transfers between Merging Firms and Their Customers. International Review of Financial Analysis 78.
  • Afrin, R., Peng, N., Bowen, F., 2021. The Wealth Effect of Corporate Water Actions: How Past Corporate Responsibility and Irresponsibility Influence Stock Market Reactions. Journal of Business Ethics 180 (1), 105–124.
  • Gao, N., Peng, N., Strong, N., 2017. What Determines Horizontal Merger Antitrust Case Selection? Journal of Corporate Finance 46, 51–76.


Current Doctoral Students:


  • Jeffery Essuantsi Bondzie, 'Corporate Restructuring and Crisis.'

Second supervisor

  • Hussein Bataineh, ‘Corporate Financial Sustainability and Pension Strategies.'


  • Xi Wen (from Hunan University, China), 'Supply Chain Contagion and Corporate Financial Decisions.'

PhD Supervision Completions:

  • Rafia Afrin'Relationship between Corporate Water Actions and Firm Value – A Cognitive Approach to Shareholders’ Reactions', Awarded 2021 (with Frances Bowen), Initial placement: University of Essex
  • Xianmin Liu, 'Factors Explaining Cross-border M&As in China: The Role of CSR, Green Innovation, and Political Connections' (with Gulnur Muradoglu), Initial placement: University of Huddersfield 
  • Huai Qin, Investor Attention, Managerial Incentives, and M&As.' (with Gulnur Muradoglu and Chunling Xia)

Ni is happy to consider PhD candidates in sustainable and responsible finance, and corporate finance. Potential collaborators, including visiting scholars, with a clear plan and track record of publishing in internationally prestigious journals are welcome.

Public Engagement

Dr Ni Peng’s research papers have been presented at a wide range of international conferences including American Finance Association (AFA), Financial Management Association (FMA), European Financial Management Association (EFMA), British Accounting and Finance Association (BAFA), Behavioural Finance Working Group (BFWC), Academy of Management (AOM) conference, to name a few.

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