Office:   VRB 4073
Phone:   973-720-2963
Email:   xul@wpunj.edu
Office Hours:   By appointment

Department: Accounting and Law
Position: Professor
Area Specialization: The relationship between financial statement information, earnings and stock prices.

Professional Degrees:

Ph.D. - Business Administration (Accounting), the University of Kentucky, 1996
M.B.A. - Indiana University of Pennsylvania, 1992
M.A. - English, Xiamen (Amoy) University, China, 1981
B.A. - English, Fujian Second Teachers' College, China, 1968

Previous Appointments:

• Visiting Associate Professor, Syracuse University (Utica College), 1989-1990
• Associate Professor, Xiamen (Amoy) University, China, 1987-1989
• Lecturer/Assistant Professor, Xiamen (Amoy) University, China, 1979-1987

Primary Research Interests:

• The Relationship between Financial Statement Information, Earnings, and Stock Prices

Representative Publications (for earlier publications, click here):

• Xu, L., and F. Cai. 2009. Before and After 2000: Revenue and High Tech Valuation. Competitiveness Review 19 (1): 26-35.
• Xu, L., F. Cai and C.K. Leung. 2007. The Role of Book Value in High-tech Valuation. Advances in Competitiveness Research 15 (1&2): 71-80.
• Xu, L., and F. Cai. 2006. Price-to-Earnings Multiples and Mergers and Acquisitions. Competitiveness Review 16 (1): 32-37.
• Cai, F., and L. Xu. 2006. Will Investors Profit By Following The Stock Recommendations Published in Barron’s. Journal of Business & Economics Research 4 (3): 69-77.
• Xu, L., and F. Cai. 2005. Book Value, Industry Group, and Equity Valuation. Competition Forum 3 (2): 484-489.
• Xu, L., and F. Cai. 2005. The Valuation Of High-Tech "New Economy" Companies. Journal of Global Competitiveness 13 (1&2): 1-8.
• Cai, F., and L. Xu. 2004. Economic Growth And FDI In China. International Business & Economics Research Journal 3 (5): 15-22.

Current Courses Offered:

• ACCT211: Financial Accounting
  Course Syllabus
  Topical Resources
• ACCT212: Managerial Accounting
  Course Syllabus
  Topical Resources
• ACCT420: Advanced Accounting I
  Course Syllabus
  Topical Resources
• ACCT430: Advanced Accounting II
  Course Syllabus
  Topical Resources
• ACCT720: Financial Accounting & Reporting II
  Course Syllabus
  Topical Resources
• ACCT760/FIN 760: Financial Analysis and Decisions
  Course Syllabus
  Topical Resources

"Study without thought is vain: thought without study is dangerous."
"not to do unto others what we would not they should do unto us "
--Confucius--