May Xiaoyan Bao

Phone: (603) 862-3351
Office: Accounting & Finance, Paul College Rm 315, Durham, NH 03824
May Xiaoyan Bao

May Xiaoyan Bao earned her Ph.D. in accounting from the University of Nebraska in 2013. Her research focuses on issues in accounting quality, fair value accounting, and taxation. Her work has been published in scholarly journals in the areas of financial accounting and taxation. She also holds her Certified Public Accountant (CPA) credential. Prior to becoming a professor, she had worked in both finance and accounting areas in various industry settings including banking, commercial real estate, higher education, insurance and investments.


  • Ph.D., Accounting, University of Nebraska
  • M.Acc., Accounting, Southern Illinois University
  • B.A., Business Administration, Dongbei University

Courses Taught

  • ACFI 752: Ind Studies in Accounting
  • ACFI 896: Topics/Tax Research
  • ADMN 919: Management Accounting

Selected Publications

Bao, X., & Liu, Y. (n.d.). Level 3 Assets and Credit Risk. Review of Pacific Basin Financial Markets and Policies, No.21(No. 01).

Bao, M. X., Billett, T. M., & Liu, Y. (n.d.). Customer-Supplier Relationships and Abnormal Accruals.

Bao, M. X., Billett, T. M., Smith, B. D., & Unlu, E. (n.d.). Does Other Comprehensive Income Volatility Influence Credit Risk and the Cost of Debt?. Contemporary Accounting Research.