Chen Li is an Assistant Professor of Accountancy at the Zicklin School of Business, Baruch College of the City University of New York. Professor Li received her PhD degree in Accounting from Carnegie Mellon University, and received her Master and Bachelor degrees in Accounting from Peking University in China. Her research interests are corporate governance and empirical contract theory; her research articles have been published in Journal of Accounting and Public Policy, European Journal of Finance, and several top journals in China. Her latest research focuses on estimating the effects of information friction on executive compensation. Professor Li’s dissertation has won the William W. Cooper Doctoral Dissertation Awards in Management or Management Science, Carnegie Mellon University.