Published Papers (selected)

• Liao, L., Wang, Z., Yan, H., Yang, J., and Zhou, C. (2025). Angry Borrowers: Ex Post Effects of Social Shaming on Debt Repayment. Management Science.

• Holden, C. W., Lin, M., Lu, K., Schneemeier, J., Wei, Z., and Yang, J. (2026). The Effect of Secondary Market Closure on Primary Market Liquidity: Evidence from Peer-to-Peer Lending. Journal of Financial Markets.

• Yang, N., Yang, J., and Chen, Y. (2024). Contracting with Cost Synergies: Continuous-Time Double-Sided Moral Hazard. Journal of Economic Dynamics and Control, 168.

• Martin, X., Seo, H., Yang, J., Kim, D. S., and Martel, J. (2023). Earnings Performance Targets in Annual Incentive Plans and Management Earnings Guidance. The Accounting Review, 98(4), 289–319.

• Liao, L., Martin, X., Wang, N., Wang, Z., and Yang, J. (2023). What If Borrowers Were Informed about Credit Reporting? Two Natural Field Experiments. The Accounting Review, 98(3), 397–425.

• Cai, Y., Xu, J., and Yang, J. (2021). Paying by Donating: Corporate Donations Affiliated with Independent Directors. Review of Financial Studies, 34(2), 618–660.

• Liao, L., Wang, Z., Xiang, J., Yan, H., and Yang, J. (2021). User Interface and Firsthand Experience in Retail Investing. Review of Financial Studies, 34(9), 4486–4523.

• Stefanescu, I., Wang, Y., Xie, K., and Yang, J. (2018). Pay Me Now (and Later): Pension Benefit Manipulation before Plan Freezes and Executive Retirement. Journal of Financial Economics, 127(1), 152–173.

• Beneish, M. D., Marshall, C. D., and Yang, J. (2017). Explaining CEO Retention in Misreporting Firms. Journal of Financial Economics, 123(3), 512–535.

• Xu, J., and Yang, J. (2016). Golden Hellos: Signing Bonuses for New Top Executives. Journal of Financial Economics, 122(1), 175–195.

• Faulkender, M., and Yang, J. (2013). Is Disclosure an Effective Cleansing Mechanism? The Dynamics of Compensation Peer Benchmarking. Review of Financial Studies, 26(3), 806–839.

• Baranchuk, N., MacDonald, G., and Yang, J. (2011). The Economics of Super Managers. Review of Financial Studies, 24(10), 3321–3368.

• Yang, J. (2010). Timing of Effort and Reward: Three-Sided Moral Hazard in a Continuous-Time Model. Management Science, 56(9), 1568–1583.

• Faulkender, M., and Yang, J. (2010). Inside the Black Box: The Role and Composition of Compensation Peer Groups. Journal of Financial Economics, 96(2), 257–270.

• Baranchuk, N., Dybvig, P. H., and Yang, J. (2010). Renegotiation-Proof Contracting, Disclosure, and Incentives for Efficient Investment. Journal of Economic Theory, 145(5), 1805–1836.

Working Papers

• D'Acunto, F., Gao, J., Liu, L., Lu, K., Wang, Z., and Yang, J. Subjective Expectations and Financial Intermediation. Revise and resubmit.

• Diep-Nguyen, H., Price, M. K., and Yang, J. Racial and Gender Favoritism in Crowdfunding: Evidence from the Field.

• Beneish, M. D., Marshall, C. D., Wu, Q., and Yang, J. Informing Independent Directors.

• Beneish, M. D., Lu, K., Wang, Z., and Yang, J. Why Do Independent Directors Stay on Board?

• Jiang, J., Liao, L., Stevenson, R., Wang, Z., and Yang, J. Attention to Detail and Entrepreneurial Success.