Dr. Yongxiang Wang is a Professor of Finance at the Shanghai Advanced Institute of Finance (SAIF) at Shanghai Jiao Tong University. He previously held a tenured position as an Associate Professor of Finance at the Marshall School of Business, University of Southern California.
Professor Wang's research interests span empirical corporate finance, political economy, organizational economics, behavioral economics, and corporate strategy in emerging markets, with a primary focus on the Chinese economy and financial markets. He has published over 20 high-quality articles in prestigious international journals, including the Journal of Political Economy, American Economic Review, Review of Economic Studies, American Economic Journal: Applied Economics, Journal of Financial Economics, Review of Financial Studies, Administrative Science Quarterly, Management Science, Strategic Management Journal, and Journal of Accounting and Economics.
Professor Wang serves as an Associate Editor at both the Review of Economics and Statistics and the Review of Finance. He is also a frequent referee for top-tier journals in Economics, Finance, Accounting, Management, Sociology, Political Science, and Science. His research projects have received support from NSF grants in the USA, the United Kingdom, Australia, and China. His work has been featured in Science, The Wall Street Journal, Business Week, The Economist, The New York Times, and China Daily. Professor Wang was awarded the SAIF Faculty Academic Research Award in 2023.
Journal Publications
1. Fisman, Ray, Wei Huang, Bo Ning, Yue Pan, Jiaping Qiu and Yongxiang Wang, 2023, Superstition and Risk Taking: Evidence from "Zodiac Year" Beliefs in China, Management Science.
2. Y. Cao, R. Fisman, H. Lin, and YX Wang, 2023, SOEs and Soft Incentive Constraints in State Lending, American Economic Journal: Economic Policy.
3. Decarolis, Francesco, Raymond Fisman, Paolo Pinotti, Silvia Vannutelli, and Yongxiang Wang, 2023, Gender and Bureaucratic Corruption: Evidence from Two Countries, Journal of Law, Economics and Organization.
4. Zhiguo He and Yongxiang Wang, 2022, Introduction: Special Issue on China I, Review of Finance.
5. A. V. Chari, E. Liu, S. Wang and Y.Wang, 2021, Property Rights, Land Misallocation, and Agricultural Efficiency in China, The Review of Economic Studies.
6. R. Dong, R. Fisman, Y. Wang and N. Xu, 2021, Air Pollution, Affect, and Forecasting Bias: Evidence from Chinese Financial Analysts, Journal of Financial Economics.
7. R. Fisman, H. Lin, C. Sun, Yongxiang Wang, and D. Zhao, 2021, What motivates non-democratic leadership: Evidence from COVID-19 reopenings in China, Journal of Public Economics.
8. Chu, Jian; Fisman, Raymond; Tan, Songtao; Wang, Yongxiang, 2021, Hometown Ties and the Quality of Government Monitoring: Evidence from Rotation of Chinese Auditors, American Economic Journal: Applied Economics.
9. Fisman, Raymond, Jing Shi, Yongxiang Wang, and Weixing Wu, 2020, Social Ties and the Selection of China's Political Elite, American Economic Review.
10. Jia, Nan, Jing Shi, and Yongxiang Wang, 2020, Value creation and value capture in governing shareholder relationships: Evidence from a policy experiment in an emerging market, Strategic Management Journal.
11. Chen, Yi-Chun, Mingyi Hung, Yongxiang Wang, 2018, The Effect of Mandatory CSR Disclosure on Firm Profitability and Social Externalities: Evidence from China, Journal of Accounting & Economics.
12. Kinnan, Cynthia, Shingyi Wang, and Yongxiang Wang, 2018, Access to Migration for Rural Households, American Economic Journal: Applied Economics.
13. Chang, Tom, Wei Huang, and Yongxiang Wang, 2018, Something in the Air: Pollution and the Demand for Health Insurance, The Review of Economic Studies.
14. Fisman, Raymond, Jing Shi, Yongxiang Wang, and Rong Xu, 2018, Social Ties and Favoritism in Chinese Science, Journal of Political Economy.
15. Fisman, R., Y.Wang, 2017, The Distortionary Effects of Incentives in Government: Evidence from China's Death Ceiling Program, American Economic Journal: Applied Economics.
16. Fisman, Raymond, and Yongxiang Wang, 2015, The Mortality Cost of Political Connections, The Review of Economic Studies.
17. Fisman, Raymond, and Yongxiang Wang, 2015, Corruption in Chinese privatizations, Journal of Law, Economics and Organization.
18. Fisman, Raymond, Yasushi Hamao, and Yongxiang Wang, 2014, Nationalism and economic exchange: Evidence from shocks to Sino-Japanese relations, Review of Financial Studies.
19. N. Jia, J. Shi, and Y. Wang, 2013, Coinsurance within Business Groups: Evidence from Related Party Transactions in an Emerging Market, Management Science.
20. C. Calomiris, R. Fisman and Y.Wang, 2010, Profiting from government stakes in a command economy: Evidence from Chinese asset sales, Journal of Financial Economics.
