Jun Yang
Campus: Bloomington
Biography
Jun Yang is the former Director of the Institute for Corporate Governance and Professor of Finance at Kelley School of Business,
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Jun Yang is the former Director of the Institute for Corporate Governance and Professor of Finance at Kelley School of Business, Indiana University (on leave). Her research focuses on corporate finance, corporate governance, executive compensation, and FinTech.
She is the Academic Director of the Financial Management Association. An accomplished scholar in corporate finance, corporate governance, and FinTech, Jun’s research has significantly impacted the field. Her work, particularly on opportunistic managerial behavior in compensation practices through peer benchmarking, has been published in leading journals such as the Journal of Financial Economics and the Review of Financial Studies. Jun’s recent research explores the complexities of director independence, revealing the potential conflicts arising from corporate donations to charities affiliated with independent directors. Her insights on corporate governance have garnered attention from major media outlets, including The Wall Street Journal, New York Times, and Bloomberg.
Jun received her PhD in Finance from Washington University in St. Louis and PhD in System Engineering and Engineering Management from the Chinese University of Hong Kong. She holds both her Master’s and Bachelor’s degrees from Tsinghua University, graduating summa cum laude. Throughout her career, she has been recognized with numerous research awards, highlighting her influence and leadership in the academic community.
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Areas of Expertise
Contracting, Corporate Finance, Corporate Governance, Executive Compensation, Fintech
Academic Degrees
- Ph.D., Washington University in Saint Louis, 2005
Selected Publications
- Liao, L., Wang, Z., Yan, H., Yang, J., and Zhou, C. (2024). Angry Borrowers: Ex-Post Effects of Social Shaming on Debt Repayment. Management Science, in press.
- Martin, X., Seo, H., Yang, J., Kim, D., and Martel, J. (2023). Earnings Performance Targets in Annual Incentive Plans and Management Earnings Guidance. The Accounting Review, 98(4), 1–31.
- 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 First-hand 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., 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., and Yang, J. (2010). Renegotiation-Proof Contracting, Disclosure, and Incentives for Efficient Investment. Journal of Economic Theory, 145(5), 1805-1836.
Edited on December 19, 2024
