University of Southern California

Yongxiang Wang
Associate Professor of Finance and Business Economics

USC Marshall School of Business
Los Angeles, CA 90089-0804

Phone: 
213-740-7650
Education: 
PhD, Columbia University

Overview

Yongxiang Wang is a financial economist whose main work is about how corruption and politics affect resource allocation and efficiency. To this end, he has studied a range of prominent social, economic and political phenomena in China, including privatization, business groups, workplace safety, the death ceiling program, Sino-Japanese conflict, fellow selection at the China Academy of Science, air pollution, and the Sent-down Youth program during the Cultural Revolution. He has published in top economics, finance and strategy journals, including JPE, ReStud, AEJ: Applied, JLEO, RFS, JFE, Administrative Science Quarterly, and Management Science.

Research

Wang, Y., Kinnan, C., and Wang, S. (2016) "Access to Migration for Rural Households,".
Jia, N., Shi, J., and Wang, Y. (2016) "The Interdependence of Public and Private Stakeholder Influence: A Study of Political Patronage and Corporate Philanthropy in China,".
Haveman, H., Jia, N., Shi, J., and Wang, Y. (2016) "The Dynamics of Political Embeddedness in China," Administrative Science Quarterly.
Wang, Y., Chang, T., and Huang, W. (2016) "Something in the Air: Projection Bias and the Demand for Health Insurance,".
Jia, N., Rajagopalan, N., Shi, J., and Wang, Y. (2016) "Value Creation and Value Capture in Governing Shareholder Relationships: Evidence from a Policy Experiment in an Emerging Market,".
Jia, N., Thomas, C., and Wang, Y. (2016) "Political Governance and Managerial Agency: Evidence from Chinese State-Controlled Firms,".
Wang, Y., Hung, M., and Chen, Y. (2016) "The Effect of Mandatory CSR Disclosure on Firm Profitability and Social Externalities: Evidence from China,".
Wang, Y., , R. F., , J. S., and , R. X. (2016) "Social Ties and Favoritism in Chinese Science," Journal of Political Economy.
Jia, N., Shi, J., Wang, C., and Wang, Y. (2016) "The Dark Side of Empowering Minority Shareholders: Investigation of a Puzzle in an Emerging Market,".
Wang, Y., and , R. F. (2016) "The distortionary effects of incentives in government: Evidence from China's death ceiling program," American Economic Journal: Applied Economics.
Wang, Y., and Fisman, R. (2015) "The mortality cost of political connections," Review of Economic Studies.
Wang, Y., and Fisman, R. (2015) "Corruption in Chinese privatizations," Journal of Law,Economics and Organization.
Wang, Y., Hung, M., and Shi, J. (2014) "The Effect of Mandatory CSR Disclosure on Information Asymmetry: Evidence from a Quasi-natural Experiment in China,".
Fisman, R., Hamao, Y., and Wang, Y. (2014) "Nationalism and Economic Exchange: Evidence from Shocks to Sino-Japanese Relations," Review of FInancial Studies.
Wang, Y., Albagli, E., and Gao, P. (2013) "Property Rights Protection, Information Acquisition, and Asset Prices: Theory and Evidence,".
Fisman, R., Hamao, Y., and Wang, Y. (2013) "Nationalism and economic exchange: Evidence from shocks to Sino-Japanese relations," Review of Financial Studies.
Wang, Y., Gao, P., and Gao, G. (2013) "Macro News, Micro News, and Institutional Investors: Evidence from the Shanghai Stock Exchange,".
Jia, N., Shi, J., and Wang, Y. (2013) "Coinsurance within Business Groups: Evidence from Related Party Transactions in an Emerging Market," Management Science, 59 (10), 2295–2313.
Wang, Y., and Fisman, R. (2012) "The Unsafe Side of Chinese Crony Capitalism," Harvard Business Review.
Wang, Y., and Thomas, C. (2012) "Agency in Inefficient Bureaucracies:Evidence from Chinese Ownership Reform,".
Wang, Y., Fisman, R., Fisman, D., Galef, J., and Khurana, R. (2012) "Estimating the value of connections to Vice-President Cheney," B.E. Journal of Economic Analysis & Policy: Advances .
Hung, M. Y., Shi, J., and Wang, Y. (2012) "The Effect of Mandatory CSR Disclosure on Information Asymmetry: Evidence from a Quasi-natural Experiment in China,".
Wang, Y. (2011) "Going (more) public: ownership reform among Chinese listed Firms," Management and Organization Review.
Wang, Y., Jia, N., and Shi, J. (2011) "Coinsurance within Business Groups: Evidence from Related Party Transactions in an Emerging Market,".
Wang, Y., Jia, N., and Shi, J. (2011) "Does Market Transition Eclipse the Significance of Political Connections? A Longitudinal Study of Publicly Listed Firms in China,".
Wang, Y., and Thomas, C. (2011) "When Managers Can't Commit: Capital Structure under Inalienable Managerial Entrenchment," Economics Letters.
Wang, Y., and Fisman, R. (2010) "Trading favors within Chinese business groups," American Economic Review: Papers and Proceedings.
Wang, Y., Fisman, R., and Calomiris, C. (2010) "Profiting from government stakes in a command economy: Evidence from Chinese asset sales," Journal of Financial Economics.