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. 

Working paper

1. Religiosity and gender equality in the managerial labor market: Evidence from executive promotions

2. Female directors and corporate outcomes: A comprehensive analysis 

3. Balancing the books: The role of energy-related uncertainty in corporate leverage

4. Corporate board gender diversity and asset liquidity  

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

6. The dynamic shift: Corporate financial and employment strategies under trade policy uncertainty  

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

8. Near or far? An investigation into the relationship between spatial proximity to CSRC district offices and stock crash risk

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. Should I stay or should I go:  An examination of CEO tenure and outside employment opportunities