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Yongxiang Wang

Associate Professor of Finance and Business Economics
Building
HOH
Room / Office
716

PhD, Columbia University

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.
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Yongxiang Wang, Cynthia Kinnan, Shing-Yi Wang () "Access to Migration for Rural Households ,"  American Economic Journal: Applied Economics.
Yongxiang Wang () "Air Pollution, Affect, and Forecasting Bias: Evidence from Chinese Financial Analysts ,".
Yongxiang Wang () "Land Misallocation, Property Rights and Agricultural Efficiency in China ,".
Nan Jia, Jing Shi, Yongxiang Wang () "Value Creation and Value Capture in Governing Shareholder Relationships: Evidence from a Policy Experiment in an Emerging Market ,"  Strategic Management Journal.
Nan Jia, Jing Shi, Changyun Wang, Yongxiang Wang () "Treachery from Within: Conflicts of Interest among Minority Shareholders in an Emerging Market ,".
Yongxiang Wang, Ray, Jing, Rong () "Social Ties and Favoritism in Chinese Science ,"  Journal of Political Economy.
Yongxiang Wang () "Target setting and allocative inefficiency in lending: Evidence from Two Chinese Banks ,".
Nan Jia, Jing Shi, Yongxiang Wang () "The Interdependence of Public and Private Stakeholder Influence: A Study of Political Patronage and Corporate Philanthropy in China ,"  Advances in Strategic Management.
Yongxiang Wang () "Social Ties and the Selection of China's Political Elite ,".
Yongxiang Wang, Tom Chang, Wei Huang () " Something in the Air: Projection Bias and the Demand for Health Insurance ,"  Review of Economic Studies.
Yongxiang Wang, Mingyi Hung, Yi-Chun Chen () "The Effect of Mandatory CSR Disclosure on Firm Profitability and Social Externalities: Evidence from China ,"  Journal of Accounting and Economics.
Heather Haveman, Nan Jia, Jing Shi, Yongxiang Wang () "The Dynamics of Political Embeddedness in China ,"  Administrative Science Quarterly.
Yongxiang Wang, Ray () " The distortionary effects of incentives in government: Evidence from China's death ceiling program ,"  American Economic Journal: Applied Economics.
Nan Jia, Catherine Thomas, Yongxiang Wang () "Political Governance and Managerial Agency: Evidence from Chinese State-Controlled Firms ,".
Yongxiang Wang, Raymond Fisman () "The mortality cost of political connections ,"  Review of Economic Studies.
Yongxiang Wang, Raymond Fisman () " Corruption in Chinese privatizations ,"  Journal of Law,Economics and Organization.
Yongxiang Wang, M. Hung, J. Shi () "The Effect of Mandatory CSR Disclosure on Information Asymmetry: Evidence from a Quasi-natural Experiment in China ,".
Raymond Fisman, Yasushi Hamao, Yongxiang Wang () "Nationalism and Economic Exchange: Evidence from Shocks to Sino-Japanese Relations ,"  Review of FInancial Studies.
Raymond Fisman, Yasushi Hamao, Yongxiang Wang () "Nationalism and economic exchange: Evidence from shocks to Sino-Japanese relations ,"  Review of Financial Studies.
Yongxiang Wang, Elias Albagli, Pengjie Gao () " Property Rights Protection, Information Acquisition, and Asset Prices: Theory and Evidence ,".
Yongxiang Wang, Paul Gao, George Gao () "Macro News, Micro News, and Institutional Investors: Evidence from the Shanghai Stock Exchange ,".
Nan Jia, Jing Shi, Yongxiang Wang () "Coinsurance within Business Groups: Evidence from Related Party Transactions in an Emerging Market ,"  Management Science  59, 2295–2313.
Yongxiang Wang, Ray Fisman () "The Unsafe Side of Chinese Crony Capitalism ,"  Harvard Business Review.
Yongxiang Wang, Catherine Thomas () " Agency in Inefficient Bureaucracies:Evidence from Chinese Ownership Reform ,".
Yongxiang Wang, Ray Fisman, David Fisman, J. Galef, R. Khurana () "Estimating the value of connections to Vice-President Cheney ,"  B.E. Journal of Economic Analysis & Policy: Advances .
Mingyi Hung, Jing Shi, Yongxiang Wang () "The Effect of Mandatory CSR Disclosure on Information Asymmetry: Evidence from a Quasi-natural Experiment in China ,".
Yongxiang Wang () " Going (more) public: ownership reform among Chinese listed Firms ,"  Management and Organization Review.
Yongxiang Wang, Nan Jia, Jing Shi () " Coinsurance within Business Groups: Evidence from Related Party Transactions in an Emerging Market ,".
Yongxiang Wang, Nan Jia, Jing Shi () " Does Market Transition Eclipse the Significance of Political Connections? A Longitudinal Study of Publicly Listed Firms in China ,".
Yongxiang Wang, Catherine Thomas () " When Managers Can't Commit: Capital Structure under Inalienable Managerial Entrenchment ,"  Economics Letters.
Yongxiang Wang, Raymond Fisman () "Trading favors within Chinese business groups ,"  American Economic Review: Papers and Proceedings.
Yongxiang Wang, Raymond Fisman, Charles Calomiris () " Profiting from government stakes in a command economy: Evidence from Chinese asset sales ,"  Journal of Financial Economics.