Research

Publications

Gormley, T. A., Gupta, V. K., Matsa, D. A., Mortal, S. C., & Yang, L. (2023). The big three and board gender diversity: The effectiveness of shareholder voice. Journal of Financial Economics, 149(2), 323-348. 

Tarkom, A., & Yang, L. (2023). Investor Sentiment and Cash Conversion Cycle: The Mediating Role of Macroeconomic, Financial, and Real Activity Uncertainties. Journal of Behavioral Finance, 1-13. 

Yang, L. (2023). Firms’ socially responsible activities: the role of the Big Three. Journal of Economics and Finance, 47(4), 859-883. 

Guo, X., & Yang, L. (2023). Does religiosity have a dark side? Evidence from board gender diversity. Managerial Finance, 49(11), 1693-1705. 

Huang, X., Shoeb, A., & Yang, L. (2024). Trade policy uncertainty and firm profitability. Review of Corporate Finance, forthcoming.

Graham, N. P., Huang, X., & Yang, L. (2024). Navigating trade policy uncertainty: Conservatism in cash holding and investment. Applied Economics, 1-19. 

Huang, X., & Yang, L. (2024). The role of political party in firm environmental governance: evidence from China. Applied Economics, 1-17. 

Huang, X., Janamanchi, B., & Yang, L. (2024). The hidden cost of silence: How delayed cyberattack disclosure erodes firm profitability. Applied Economics Letters, 1-5. 

Tarkom, A., & Yang, L. (2024). Presidential economic approval rating and trade credit. International Review of Financial Analysis, 103236. 

Huang, X., Tarkom, A., & Yang, L. (2024). The role of political party in curtailing opportunistic insider sales: Evidence from China. Applied Economics Letters, 1-6. 

Huang, X., & Yang, L. (2024). Party control and corporate labor investment: Evidence from China. Applied Economics, forthcoming.

Yang, L., Huang, X., & Song, X. (2024). The Role of Passive Investors in Corporate Governance and Socially Responsible Investing: Evidence from Shareholder Proposals. Sustainability, 16(1), 416. 

Cumming, D., Guo, X., & Yang, L. (2024). REITs board gender diversity: the spillover effect of the Big Three campaign. Journal of Economics and Finance, forthcoming. 

Huang, X., & Yang, L. (2024). Near or far? An investigation into the relationship between spatial proximity to CSRC district offices and stock crash risk. Applied Economics Letters, forthcoming.

Guo, X., Song, X., & Yang, L. (2025). Religiosity and gender equality in the managerial labor market: Evidence from executive promotions. The Financial Review

Huang, X., & Yang, L. (2025). Balancing the books: The role of energy-related uncertainty in corporate leverage. Global Finance Journal, forthcoming. 

Working paper

1. The fish rots from the head down: CEO and non-CEO insider trades

Featured in Columbia Law School Blue Sky Blog

2. Driving climate risk awareness: The impact of the Big Three

3. Shattering the glass ceiling: The role of female directors on executive promotions 

4. Exploring the financial implications of board gender diversity: Liquidity management 

5. Are jobs for boys invariably true? An exploration of the director labor market after mergers and acquisitions 

6. Supply chain dynamics: How institutional investor overlap influences supplier risk-taking 

7. CSRC chairman transitions and stock crash risk: Unraveling regulatory uncertainty in China 

8. Faith and finance: The impact of religiosity on bank deposit volumes 

9. Does confidence in the President influence asset liquidity? 

10. Is new quality productive force a buzzword? Insights and implications from stock crash risk

11. Presidential Economic Approval Rating and asset liquidity 

12. Corporate conservative behavior in the face of trade policy uncertainty: An analysis of abnormal accruals