University of Southern California

Yongxiang Wang
Assistant Professor of Finance and Business Economics

USC Marshall School of Business
Los Angeles, CA 90089-0808

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

Overview

Yongxiang Wang is a financial economist whose research focuses on corporate governance and corruption, particularly in China and other developing economies. His research has been published in the Journal of Financial Economics and American Economic Review Papers and Proceedings.

Research

Jia, N., Thomas, C., and Wang, Y. (2014) "Managing in low-quality institutional environments: Agency conflict and shareholder relationships in Chinese state-controlled firms,".
Jia, N., and Wang, Y. (2014) "Treachery from Within: Conflicts of Interest among Minority Shareholders in an Emerging Market,".
Wang, Y. (2013) "The Effect of Mandatory CSR Disclosure on Firm Value: Evidence from a Quasi-natural Experiment in China,".
Jia, N., Shi, J., and Wang, Y. (2013) "Value Creation and Value Appropriation in the Governance of Shareholder Relationships:,".
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.
Jia, N., Shi, J., and Wang, Y. (2013) "Do Politically Connected Firms Engage More or Less in Corporate Philanthropy? Evidence from Public and Private Firms in China,".
Wang, Y., and Fisman, R. (2013) "Corruption in Chinese privatizations," Journal of Law,Economics and Organization.
Wang, Y., Kinnan, C., and Wang, S. (2013) "Migration, Insurance and Credit: Evidence from rural China,".
Wang, Y., and Fisman, R. (2013) "The mortality cost of political connections,".
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., Hung, M., and Shi, J. (2012) "The Effect of Mandatory CSR Disclosure on Information Asymmetry: Evidence from a Quasi-natural Experiment in China,".
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. (2011) "Rent-seeking by mutual fund managers: Evidence from equity contract renegotiations,".
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.