• WANG, Yongxiang

    Professor of Finance

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  • Support Staff:

    Phyllis Liu

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  • Research Interests

    Empirical Corporate Finance, Political Economy, Organizational Economics, The Chinese Economy.

Professor Yongxiang Wang is a Professor of Finance at Shanghai Institute of Finance (SAIF) . And he was a tenured associate professor of Finance at Marshall School of Business, University of Southern California.
He has a broad range of interests in empirical corporate finance, political economy, organizational economics, behavioral economics, and corporate strategy in emerging markets, with a main focus on China economy and Chinese financial markets. He is an associate editor at  both the Review of Economics and Statistics and the Review of Finance.
His work has been published in top economics journals (Journal of Political Economy, American Economic Review, Review of Economic Studies, and American Economic Journal: Applied Economics), top finance journals (Journal of Financial Economics, and Review of Financial Studies), top management journals (Administrative Science Quarterly, Management Science, and Strategic Management Journal), and top accounting journal (Journal of Accounting and Economics). He is also a frequent referee for top Economics, Finance, Accounting, Management, Sociology, Political Science and also Science journals. His research projects have been supported by NSF grants from the USA, the United Kingdom, Australia and also China. His work has been covered by Science, Wall Street Journal, Business Week, The Economist, New York Times, and China Daily.
He obtained his PhD in Finance from Columbia Business School in 2010, and his M.A. and also B.A. from Renmin University of China.

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.