XIAOYUN YU Kelley School of Business Indiana University 1309 E. 10th Street Bloomington, IN 47405‐1701
Email:
[email protected] Phone: (812) 855‐3521 Fax: (812) 856‐5611 Webpage: https://kelley.iu.edu/xiyu/
ACADEMIC APPOINTMENTS Professor, Associate Professor, and Assistant Professor of Finance, Kelley School of Business, Indiana University, 2001‐present Visiting Scholar Shanghai Advanced Institute of Finance, Shanghai Jiao Tong University, 2009‐2010, 2014‐2016 Shanghai Stock Exchange, October 2009, March‐April, 2010 University of Minnesota, 2005‐2006 Swedish Institute for Financial Research, November 2005 EDUCATION Ph.D., Finance, Carlson School of Management, University of Minnesota M.B.A., Finance, Southern Illinois University B.A., International Economics, Renmin University of China, Summa Cum Laude RESEARCH Research Interest Theoretical and Empirical Corporate Finance, Corporate Governance, Financial Institutions and Systems, IPOs, Political Economy of Finance Publications Benveniste, Lawrence, Alexander Ljungqvist, William Wilhelm, and Xiaoyun Yu, 2003, “Evidence of Information Spillovers in the Production of Investment Banking Services”, Journal of Finance 58, 577‐608. Chang, Chun and Xiaoyun Yu, 2004, “Investment Opportunities, Liquidity Premium and Conglomerate Mergers”, Journal of Business 77, 45‐74. Bhattacharya, Utpal, Neal Galpin, Rina Ray, and Xiaoyun Yu, 2006, “The Role of the Media in the Launch of Internet IPOs”, Betriebswirtschaftliche Forschung und Praxis 58 (Special Issue on IPOs), 442‐456. Bhattacharya, Utpal and Xiaoyun Yu, 2008, “The Causes and Consequences of Recent Financial Market Bubbles: An Introduction”, Review of Financial Studies 21, 3‐10. Benveniste, Lawrence, Huijing Fu, Paul Seguin, and Xiaoyun Yu, 2008, “On the Anticipation of IPO Underpricing: Evidence from Equity Carve‐outs”, Journal of Corporate Finance 14, 614‐629. 1
Bhattacharya, Utpal, Neal Galpin, Rina Ray, and Xiaoyun Yu, 2009, “The Role of the Media in the Internet IPO Bubble”, Journal of Financial and Quantitative Analysis 44, 657‐682. Wang, Tracy, Andrew Winton, and Xiaoyun Yu, 2010, “Corporate Fraud and Business Conditions: Evidence from IPOs”, Journal of Finance 65, 2255‐2292. TCW Best Paper Award, 2008 Chang, Chun and Xiaoyun Yu, 2010, “Information Efficiency and Liquidity Premium as the Determinants of Capital Structure”, Journal of Financial and Quantitative Analysis 45, 401‐440. Yu, Frank and Xiaoyun Yu, 2011, “Corporate Lobbying and Fraud Detection”, Journal of Financial and Quantitative Analysis 46, 1865‐1891. Yu, Xiaoyun, 2013, “Securities Fraud and Corporate Finance: Recent Developments”, Managerial and Decision Economics 34 (Special Issue on Corporate Compliance and Wrongdoing), 439–450. Chang, Chun, Guanmin Liao, Xiaoyun Yu, and Zheng Ni, 2014, “Information from Relationship Lending: Evidence from Loan Defaults in China”, Journal of Money, Credit and Banking 46, 1225‐1257. Bhattacharya, Utpal, Alexander Borisov, and Xiaoyun Yu, 2015, “Firm Mortality and Natal Financial Care”, Journal of Financial and Quantitative Analysis 50, 61‐88. Giannetti, Mariassunta and Xiaoyun Yu, 2015, “Economic Development and Relationship‐Based Financing”, Review of Corporate Finance Studies 4, 69‐107. Giannetti, Mariassunta, Guanmin Liao, and Xiaoyun Yu, 2015, “The Brain Gain of Corporate Boards: Evidence from China”, Journal of Finance 70, 1629‐1682. Sun Yefang Financial Innovation Award, 2016 Tian, Xuan, Gregory Udell, and Xiaoyun Yu, 2016, “Disciplining Delegated Monitors: When Venture Capitalists Fail to Prevent Fraud by Their IPO Firms”, Journal of Accounting and Economics 61, 526‐544. FMA Best Paper Award in Financial Institutions and Markets, 2012 Du, Qianqian, Frank Yu, and Xiaoyun Yu, 2017, “Cultural Proximity and the Processing of Financial Information”, Journal of Financial and Quantitative Analysis 52, 2703‐2726. TCFA Award for the Best Paper on Corporate Finance, 2013; CICF Best Paper Award, 2013 Book Chapters Chang, Chun, and Xiaoyun Yu, 1999, “Relationship between Social Security in China and the Development of the Capital Markets”, in D. Xu, Z. Yin, and Y. Zheng, ed., Social Security Reform in China, Economic Science Press, Beijing, China. Xiaoyun Yu, 2011, “Market Microstructure” (in Chinese), in D. Ke, H. Li, and S. Lu, ed., Volume of Finance, Frontiers of Western Research in the Humanities and Social Sciences, Renda Press, Beijing, China.
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Xu, Dan (Danielle), and Xiaoyun Yu, 2011, “IPOs and SEOs” (in Chinese), in D. Ke, H. Li, and S. Lu, ed., Volume of Finance, Frontiers of Western Research in the Humanities and Social Sciences, Renda Press, Beijing, China. Working Papers
Du, Qianqian, Frank Yu, and Xiaoyun Yu, “Standing out from the Crowd: The Real Effects of Outliers” Fu, Huijing and Xiaoyun Yu, “Is Board Structure ‘One‐Size‐Fits‐All’? The Unintended Informational Consequence of the Sarbanes‐Oxley Acts” Fulmer, Sarah, April Knill, and Xiaoyun Yu, “Negation of Sanctions: The Personal Effect of Political Contributions” Giannetti, Mariassunta and Xiaoyun Yu, “Adapting to Radical Change: The Benefits of Short‐Horizon Investors” Giannetti, Mariassunta, Guanmin Liao, Jiaxing You, and Xiaoyun Yu, “The Externalities of Corruption: Evidence from Entrepreneurial Activity in China” Gupta, Nandini and Xiaoyun Yu, “Does Money Follow the Flag?” Jacobsen, Stacey E., Irina Stefanescu, and Xiaoyun Yu, “The ‘Real’ Value of Conflicted Analyst Coverage” Liao, Guanmin, Mark Ma, and Xiaoyun Yu, “Transporting Transparency: Director Foreign Experience and Corporate Information Environment” Mao, Yifei, Xuan Tian, and Xiaoyun Yu, “Unleashing Innovation” Qian, Yiming and Xiaoyun Yu, “Business Cycles, Firm Size and Market Reactions to News” Wang, Kemin, Xiaoyun Yu, and Bohui Zhang, “Panda Games: Corporate Disclosure in the Eclipse of Search” Yu, Xiaoyun, “Ownership Structure, Liquidity, and Investment Efficiencies” Seminar and Conference Presentations 2018: 3rd Annual CEPR Spring Symposium at Imperial College*, ABFER 6th Annual Conference*, American Finance Association Annual Meeting*, China International Conference in Finance (presentation and discussion), China Meeting of the Econometric Society (Invited Speaker), Conference on Corporate Finance Beyond Public Companies*, Financial Intermediation Research Society Conference, FMA Asia/Pacific Conference (Invited Session), University of Georgia, York University 2017: American Accounting Association Annual Meeting*, American Economic Association Annual Meeting (discussion), 10th Annual Private Equity Symposium at London Business School (discussion), 3rd CEIBS Accounting and Finance Symposium (discussion), 28th Annual Conference 3
on Financial Economics & Accounting (2 papers), Boston University, CEPR Workshops on the Economics of Entrepreneurship and Organizational Economics*, Cheung Kong Graduate School of Business, China Finance Review International Conference*, China International Conference in Finance (2 papers, 2 discussions), Financial Accounting and Reporting Section (FARS) Midyear Meeting*, Financial Intermediation Research Society Conference (2 discussions), Indiana University, ISET‐EIEF Workshop on Innovation and Entrepreneurship, MIT Asia Conference in Accounting*, Northeastern University, Shanghai Advanced Institute of Finance, University of Pittsburgh, Washington State University 2016: The 2016 Rising Stars Conference (NYU‐Fordham‐RPI)*, American Finance Association Annual Meeting*, American Accounting Association IAS Midyear Meeting*, Australian National University, CEPR First Annual Spring Symposium in Financial Economics*, 2nd China‐Europe Conference on Transparency, Economic Institutions and Governance, China International Conference in Finance (presentation and discussion), Chinese University of Hong Kong, European Financial Management Association “Merton H. Miller” Doctoral Students Seminar Program Keynote Lecture*, Fudan University, Georgia State University, Hong Kong University, Indiana University (Accounting Department), MIT Asia Conference in Accounting*, Nanyang Technological University, National University of Singapore, Nova‐BPI Corporate Finance Conference*, Shanghai Advanced Institute of Finance, Singapore Management University, TAU Finance Conference at Tel Aviv University*, Washington Area Research Symposium at American University*, University of Delaware, University of Minnesota, University of Technology Sydney 2015: Cheung Kong Graduate School of Business, China International Conference in Finance (2 papers, presentation and discussion), Conference on Entrepreneurial Finance and Innovation Around the World (discussion), Erasmus University, Indiana University, Midwest Finance Association Annual Meeting Invited Session, Shanghai University of Finance and Economics, Western Finance Association Annual Meeting (discussion) 2014: Australia National University, China International Conference in Finance (presentation and discussion), 4th Conference on Corporate Finance and Financial Institutions at Shanghai University of Finance and Economics (discussion), Financial Intermediation Research Society Conference*, Fudan University, Hong Kong Polytechnic University Internal Conference (discussion), IESEG BRICS Workshop, IFS Internal Conference (discussion), London Business School Finance Summer Symposium, NBER China Meeting (discussion), PBC School of Finance, Tsinghua University, Southwest University of Finance and Economics, University of New South Wales, Western Finance Association Annual Meeting 2013: American Finance Association Annual Meeting*, Asia Finance Association Annual Meeting Invited Speaker Session (presentation and discussion), CEPR European Workshop on Entrepreneurship Economics, Cheung Kong Graduate School of Business, China International Conference in Finance (presentation* and discussion), Financial Intermediation Research Society Conference (presentation and discussion), 5th Annual Florida State University SunTrust Beach Conference, Hong Kong University of Science and Technology, MIT Asia Conference in Accounting*, 21st Mitsui Finance Symposium on “Labor and Finance” at University of Michigan, Nanyang Technological University, Peking University, Singapore Management University, State of Indiana Finance Symposium*, SUNY‐Buffalo, Tsinghua University, UBC Summer Finance Conference (discussion), University of South Florida, Western Finance Association Annual Meeting 4
2012: Advanced Forum on Corporate Finance and Financial Engineering, Central University of Finance and Economics, CFA‐FAJ‐Schulich Conference on Fraud, Ethics and Regulation at York University (presentation and discussion), China International Conference in Finance (presentation* and discussion), 23rd Annual Conference on Financial Economics and Accounting (presentation* and discussion), European Finance Association Annual Meeting*, European Winter Finance Conference, Financial Intermediation Research Society Conference (2 papers, presentation* and discussion), Financial Management Association Annual Meeting*, Fordham University, Fudan University, Louisiana State University, Oxford Financial Intermediation Theory Conference*, Shanghai Advanced Institute of Finance, Singapore International Conference on Finance, University of Western Ontario, Western Finance Association Annual Meeting* 2011: China International Conference in Finance, 22nd Annual Conference on Financial Economics and Accounting (discussion), Hanqing Institute at Renmin University of China, Midwest Finance Association Annual Meeting*, Shanghai Advanced Institute of Finance, SunTrust‐Florida State University Spring Beach Conference*, Tsinghua University 2010: American Finance Association Annual Meeting (discussion), Australia National University, China International Conference in Finance, Chinese University of Hong Kong, 4th Emerging Markets Conference (discussion), Financial Management Association European Conference*, Financial Management Association Annual Meeting (presentation* and discussion), National Chengchi University, National Chi Nan University, 4th Annual Risk Management Conference at National University of Singapore (presentation and discussion), Shanghai Advanced Institute of Finance, Shanghai Stock Exchange 2009: American Finance Association Annual Meeting*, Baruch College City University of New York, 3rd Emerging Market Conference*, China International Conference in Finance (3 papers, presentation and discussion), European Financial Management Association Annual Meeting*, Harvard Business School International Research Conference*, 2nd Swiss Conference on Banking and Financial Intermediation, Shanghai Jiao Tong University Antai College of Economics and Management, Shanghai University of Finance and Economics, Western Finance Association Annual Meeting* (2 papers) 2008: American Accounting Association Annual Conference*, CAPANA Research Conference*, China International Conference in Finance (presentation and discussion), 19th Financial Economics and Accounting Conference*, 3rd Financial Intermediation Research Society Finance Conference*, Financial Management Association Annual Meeting*, Finance Research Summer Camp at Cheung Kong Graduate School of Business, NBER Corporate Finance Summer Institute Workshop (participation), NBER Law and Investor Protection Conference (participation), 3rd Annual Lone Star Accounting Conference*, 3rd RICAFE2 Conference*, University of Hong Kong, Western Finance Association Annual Meeting* 2007: 4th Annual Conference on Corporate Finance at Washington University*, China International Conference in Finance (presentation and discussion), European Finance Association Annual Meeting*, European Winter Finance Conference*, 18th Conference on Financial Economics and Accounting (presentation and discussion), Financial Management Association Meeting (discussion), NBER Corporate Finance Summer Institute Workshop (participation), NBER Corporate Governance Conference (participation), Summer Research Conference in Finance at Indian School of Business 5
2006: CEPR European Summer Symposium in Financial Markets, Conference on Corporate Governance in Family/Unlisted Firms*, European Central Bank Conference on Financial Integration and Stability in Europe, European Central Bank Conference on Financial System Modernization and Economic Growth in Europe, 17th Conference on Financial Economics and Accounting, 2nd Financial Intermediation Research Society Conference on Banking, Corporate Finance and Intermediation (presentation and discussion), Journal of Banking and Finance Conference, Minnesota‐Wisconsin Corporate Finance Conference (discussion), NBER Corporate Finance Summer Institute Workshop (participation), NBER Corporate Governance Conference (participation), Review of Finance Conference on the Changing Geography of Banks*, University of Minnesota 2005: China International Conference in Finance (presentation and discussion), European Finance Association Annual Meeting*, Financial Management Association Annual Meeting (discussion), London Business School, Singapore Management University, Stockholm School of Economics, Swedish Institute for Financial Research 2004: China International Conference in Finance (presentation and discussion), 1st Financial Intermediation Research Society Conference on Banking, Insurance and Intermediation (presentation and discussion), Financial Management Association Annual Meeting (discussion), Penn State University, Southwestern University of Finance and Economics, University of New Orleans, Western Finance Association Annual Meeting 2003: 2nd Conference on Entrepreneurship, Venture Capital and Initial Public Offerings at New York University (discussion), 2nd workshop of the ECB‐CFS Research Network on Capital Markets and Financial Integration in Europe, 14th Conference on Financial Economics and Accounting, Midwest Finance Association Annual Meeting, Stockholm School of Economics, University of Iowa, University of Notre Dame 2002: China International Conference in Finance, IESE Conference on European M&As, Corporate Restructuring and Consolidation Issues, Tsinghua University, University of Colorado (Boulder), Western Finance Association Annual Meeting 2001: Federal Reserve Bank of Atlanta, Federal Reserve Bank of New York, Federal Reserve Board of Governors, Indiana University, Georgia State University, Tulane University, University of Arizona, University of Pittsburg, Western Finance Association Annual Meeting (discussion) 2000: CEPR Conference on the Design of Primary Equity Markets *: Presented by co‐author TEACHING Ph.D. Dissertation Chair/Co‐Chair (Initial Placement) Bader Alhashel (Kuwait University) Alexander Borisov (University of Cincinnati) Rina Ray (Norwegian School of Economics and Business Administration) Ph.D. Committee Member (Initial Placement) 6
Anna Danielova (McMaster University) Neal Galpin (Texas A&M University) Bruce Haslem (Florida State University) Joon Ho Hwang (University of Memphis) Stacey Jacobsen (Southern Methodist University) Fangzhou Liu (Shanghai University of Finance and Economics) Yifei Mao (Cornell University) Ann Zhang (James Madison University) Zhong Zhang (City University of Hong Kong) External Ph.D. Committee Member (Department) Adam Esplin (Accounting) Preliminary Advisory Committee Member (Department) Hao Jin (Economics) Doctoral Dissertation Proposal Examination Committee Member (Department) John Ni (Operations and Decision Technologies) Doctoral Dissertation Proposal Examination Committee Chair (Department) Barrett Wheeler (Accounting) Doctoral Student Summer Paper Advisor Rina Ray Ann Zhang Dissertation External Examiner (School) Zheng Liu (University of Western Ontario) Kristoffer Milonas (Stockholm School of Economics) Linus Siming (Stockholm School of Economics) Jianfei Sun (Shanghai Advanced Institute of Finance) Claire Yang Liu (University of New South Wales) Executive MBA and Part‐time MBA Thesis Advisor Shanghai Advanced Institute of Finance, Shanghai Jiao Tong University, 2014‐2016 Master of Finance Thesis Advisor Shanghai Advanced Institute of Finance, Shanghai Jiao Tong University, 2015, 2016 Ph.D. Courses Kelley School of Business, Indiana University F605 Corporate Finance, 2003‐2004, 2006‐2008, 2010‐2013 Carlson School of Management, University of Minnesota BFIN8801 Introduction to Finance, 1998‐2000 DBA Courses Shanghai Advanced Institute of Finance, Shanghai Jiao Tong University Financial Innovations, 2015 7
Executive MBA Courses Shanghai Advanced Institute of Finance, Shanghai Jiao Tong University Corporate Finance, 2014, 2015 Full‐time and Part‐time MBA Courses Shanghai Advanced Institute of Finance, Shanghai Jiao Tong University Corporate Finance, 2010, 2015 Carlson School of Management, University of Minnesota FINA6241 Corporate Finance Analysis and Decisions, 2006 Master of Finance Courses Shanghai Advanced Institute of Finance, Shanghai Jiao Tong University Corporate Finance, 2010 Undergraduate Courses Kelley School of Business, Indiana University F305 Intermediate Corporate Finance, 2001‐2004, 2006‐2008, 2010‐2014, 2017 Carlson School of Management, University of Minnesota FINA4241 Corporate Finance Decisions, 2006 BFIN3200 Financial Markets and Interest Rates, 1999 AWARDS AND HONORS Sun Yefang Financial Innovation Award for “The Brain Gain of Corporate Boards: Evidence from China”, 2016 CAFR Project Fund for “When is Smart Money Smart? Evidence from IPO Overpricing in China”, 2015 TCFA Award for the Best Paper on Corporate Finance for “Cultural Proximity and the Processing of Financial Information”, 2013 CICF Best Paper Award for “Cultural Proximity and the Processing of Financial Information”, 2013 FMA Best Paper Award in Financial Institutions and Markets for “Disciplining Delegated Monitors: Evidence from Failing to Prevent Fraud”, 2012 Nominated for Kelley School of Business Trustees Teaching Award, 2012 Arthur M. Weimer Faculty Fellowship, 2011‐present National Fund for Science Applications of China (4‐year Grant), 2011 Kelley School of Business Research Award (Associate Level), 2010 Indiana University Overseas Research Grant, 2008‐2009 Indiana University CIBER Faculty Research Grant, 2004‐2005, 2008‐2009, 2009‐2010 TCW Best Paper Award for “Corporate Fraud and Business Conditions: Evidence from IPOs”, 2008 National Fund for Science Applications of China (2‐year Grant), 2008 Kelley School of Business Trustees Teaching Award, 2006 Kelley School of Business Dean’s Letter for Teaching Excellence, 2002‐2004, 2011 Indiana University Faculty Travel Grant, 2003 Indiana University Robert White Research Award, 2003 SELECTED MEDIA COVERAGE 8
CNBC, New York Times, Wall Street Journal, Huffington Post, China Radio International, Columbia Law School’s Blue Sky Blog, Harvard Law School Forum on Corporate Governance and Financial Regulation, HeXun Finance, Oxford Business Law Blog, Shanghai Observer, UC Berkeley Law VC Research Network, VOXEU, China Daily, Sohu News PROFESSIONAL SERVICES Conferences, Journals, Associations and Organizations Editor, International Review of Finance, 2017‐present Panelist, FMA Women in Finance Breakfast, 2018 Panelist, Doctoral Student Consortium, FMA Asia/Pacific Conference, 2018 Chair, FMA Asia/Pacific Conference Corporate Finance “Elevator Pitch” Session, 2018 Panelist, Doctoral Student Consortium, FMA, 2018 Session Chair, Western Finance Association Conference, 2018 Program Committee, Western Finance Association Annual Conference, 2017, 2018 Program Committee, European Finance Association Annual Conference, 2011‐2018 Review Committee, Sun Yefang Award for Financial Innovation, 2015‐2018 Program Committee and Session Chair, China International Conference on Finance, 2007‐2011, 2013‐2014, 2016, 2018 External Proposal Reviewer, Hong Kong Research Grants Council, 2010‐2013, 2018 Reviewer, MIT Asia Conference in Accounting, 2017, 2018 Program Committee, Summer Institute of Finance Conference, 2011‐2018 Program Committee, SFS Cavalcade Asia‐Pacific, 2017 Secretary‐Treasurer, Chinese Association of Finance, 2016‐present Program Committee, Financial Management Association (FMA) Annual Meeting, 2005, 2011‐ 2017 Program Co‐Chair, China International Conference on Finance, 2011, 2012, 2015, 2017 Program Committee, FMA Asia/Pacific Conference, 2017 Program Committee, Financial Intermediation Research Society (FIRS) Conference, 2012‐2017 Research Proposal Reviewer, Lingnan University of Hong Kong, 2017 Session Chair, Financial Intermediation Research Society (FIRS) Conference, 2015, 2016 Scientific Committee, Financial Institutions, Regulation and Corporate Governance Conference, 2016 Reviewer, Journal of Law, Finance & Accounting International Conference, 2015 Program Committee, Conference on Entrepreneurial Finance and Innovation Around the World, 2015 Co‐Chair, Best Paper Award Committee, China International Conference on Finance, 2015 Session Chair for Invited Sessions, Midwest Finance Association Annual Meeting, 2015 Outside Reviewer for Tenure and/or Promotion Cases: 2008, 2015 Review Committee, TCFA Best Paper Symposium, 2008, 2010‐2014 Program Committee, China International Conference on Finance, 2004‐2010, 2013, 2014 Best Paper Awards Selection Committee, Asian Finance Association Annual Meeting, 2013 Session Chair, Financial Intermediation Research Society (FIRS) Conference, 2012 Reviewer, SFS Cavalcade at University of Virginia Darden School of Business, 2012 Session Chair, TCFA Best Paper Symposium, 2012 Program Committee, Midwest Finance Association Annual Meeting, 2007, 2012 Session Chair, Financial Management Association (FMA) Annual Meeting, 2005, 2011 Reviewer, Social Sciences and Humanities Research Council of Canada, 2011 Reviewer, Financial Economic and Accounting Conference (CFEA), 2005, 2011 9
Program Committee, The 4th Emerging Market Finance Conference, 2010 Program Committee, Financial Management Association European Conference, 2008 Program Co‐organizer, Review of Financial Studies – Indiana University Conference on the Causes and Consequences of Recent Financial Market Bubbles, 2005
Kelley School of Business, Indiana University IBB/CIBER Advisory Committee, 2016‐2018 Guest Speaker, Young Women’s Institute Summer Camp, 2017 Guest Speaker, Women’s Financial Association’s Faculty Panel, 2017 Academic Fairness Committee, 2007‐2009 Kelley Scholars & Honors Program Committee, 2007‐2009 Doctoral Policy Committee, 2010‐2014 Finance Department, Kelley School of Business, Indiana University Coordinator, Brown bag seminar series, 2008‐2009, 2017‐2018 Chair of Doctoral Committee, 2010‐2014 Doctoral Program Committee, 2003‐2005, 2006‐2008 Co‐Chair of Recruiting Committee, 2011 Undergraduate Program Committee, 2001‐2002, 2016‐2017 Shanghai Advanced Institute of Finance, Shanghai Jiao Tong University MBA Curriculum Working Group, 2015‐2016 MBA Program Committee, 2014‐2015 Master of Finance Program Committee, 2015‐2016 Seminar Co‐organizer, 2015‐2016 Research Database Evaluation Committee, 2016 Referee for the Journal of Finance, Review of Financial Studies, Journal of Financial Economics, Journal of Financial and Quantitative Analysis, Journal of Financial Intermediation, Journal of Money, Credit, and Banking, Journal of Law and Economics, Management Science, The Accounting Review, Journal of Management Accounting Research, Journal of Corporate Finance, Journal of Banking and Finance, Pacific‐ Basin Finance Journal, Financial Research Letters, Financial Management, Financial Review, China Economic Review
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