Xiaoyun Yu

Indiana University Kelley School of Business

Professor of Finance

1309 E. 10th St.

Bloomington, IN 47405

United States

European Corporate Governance Institute (ECGI)

Research Member

c/o the Royal Academies of Belgium

Rue Ducale 1 Hertogsstraat

1000 Brussels

Belgium

China Academy of Financial Research (CAFR)

1954 Huashan Road

Shanghai P.R.China, 200030

China

SCHOLARLY PAPERS

33

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Top 1,796

in Total Papers Downloads

21,467

SSRN CITATIONS
Rank 1,263

SSRN RANKINGS

Top 1,263

in Total Papers Citations

273

CROSSREF CITATIONS

701

Scholarly Papers (33)

1.

Corporate Lobbying and Fraud Detection

Journal of Financial and Quantitative Analysis (JFQA), 2011
Number of pages: 60 Posted: 02 Jan 2007 Last Revised: 01 Dec 2017
Frank Yu and Xiaoyun Yu
China Europe International Business School and Indiana University Kelley School of Business
Downloads 1,738 (11,952)
Citation 33

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corporate lobbying, corporate fraud, corporate governance

2.
Downloads 1,626 ( 13,282)
Citation 41

The Role of the Media in the Internet IPO Bubble

EFA 2005 Moscow Meetings
Number of pages: 51 Posted: 19 Oct 2004
HKUST Business School, Indiana University Kelley School of Business, Monash University - Department of Banking and Finance and University of Colorado at Denver
Downloads 1,123 (22,993)
Citation 6

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Initial public offerings, media, internet bubble

The Role of the Media in the Internet IPO Bubble

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 51 Posted: 04 Sep 2007
HKUST Business School, Indiana University Kelley School of Business, Monash University - Department of Banking and Finance and University of Colorado at Denver
Downloads 503 (68,349)
Citation 7

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Initial public offering, media, internet bubble

3.

The Brain Gain of Corporate Boards: Evidence from China

Journal of Finance, Forthcoming, Asian Finance Association (AsFA) 2013 Conference, European Corporate Governance Institute (ECGI) - Finance Working Paper No. 343/2013
Number of pages: 88 Posted: 01 Dec 2011 Last Revised: 28 Oct 2018
Stockholm School of Economics, Renmin University of China - School of Business and Indiana University Kelley School of Business
Downloads 1,532 (14,585)
Citation 35

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Corporate Boards, Corporate Governance, Human Capital, Firm Performance, Firm Productivity

Evidence of Information Spillovers in the Production of Investment Banking Services

Number of pages: 43 Posted: 07 Sep 2001
University of Minnesota - Twin Cities - Carlson School of Management, Stockholm School of Economics, Indiana University Kelley School of Business and University of Virginia - McIntire School of Commerce
Downloads 1,117 (23,167)
Citation 20

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Initial Public Offerings, investment banking, information externalities, going public decision

Evidence of Information Spillovers in the Production of Investment Banking Services

NYU Working Paper No. S-FI-01-04
Number of pages: 43 Posted: 11 Nov 2008
University of Minnesota - Twin Cities - Carlson School of Management, Stockholm School of Economics, University of Virginia - McIntire School of Commerce and Indiana University Kelley School of Business
Downloads 81 (370,493)
Citation 17

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Initial public offerings, investment banking, information externalities, going public decision

Evidence of Information Spillovers in the Production of Investment Banking Services

NYU Working Paper No. FIN-01-006
Number of pages: 43 Posted: 03 Nov 2008
University of Minnesota - Twin Cities - Carlson School of Management, Stockholm School of Economics, Indiana University Kelley School of Business and University of Virginia - McIntire School of Commerce
Downloads 32 (566,034)

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Initial public offerings, investment banking, information externalities, going public decision

Evidence of Information Spillovers in the Production of Investment Banking Services

CEPR Discussion Paper No. 2988
Number of pages: 45 Posted: 23 Oct 2001
University of Minnesota - Twin Cities - Carlson School of Management, Stockholm School of Economics, Indiana University Kelley School of Business and University of Virginia - McIntire School of Commerce
Downloads 23 (626,174)
Citation 11
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Initial public offerings, investment banking, information externalities, going public decision

Evidence of Information Spillovers in the Production of Investment Banking Services

Journal of Finance, Forthcoming
Posted: 07 Jun 2002
University of Minnesota - Twin Cities - Carlson School of Management, Stockholm School of Economics, Indiana University Kelley School of Business and University of Virginia - McIntire School of Commerce

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spiders, index funds, mutual funds, performance

Informational Efficiency and Liquidity Premium as the Determinants of Capital Structure

14th Annual Conference on Financial Economics and Accounting, Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 58 Posted: 27 Jan 2004 Last Revised: 14 May 2014
Chun Chang and Xiaoyun Yu
Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF) and Indiana University Kelley School of Business
Downloads 1,224 (20,205)

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capital structure, security design, allocative information, liquidity premium, under-leverage puzzle, corporate cash holdings

Informational Efficiency and Liquidity Premium as the Determinants of Capital Structure

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Posted: 08 Aug 2008
Chun Chang and Xiaoyun Yu
Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF) and Indiana University Kelley School of Business

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capital structure, information acquisition, security design, liquidity premium, under-leverage puzzle, corporate cash holdings

6.

Corporate Fraud and Business Conditions: Evidence from IPOs

Journal of Finance, Forthcoming
Number of pages: 72 Posted: 22 Mar 2008 Last Revised: 14 May 2014
Tracy Yue Wang, Xiaoyun Yu and Andrew Winton
University of Minnesota - Twin Cities - Carlson School of Management, Indiana University Kelley School of Business and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 1,167 (22,094)
Citation 17

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initial public offerings, investor sentiment, corporate fraud, financial intermediations

The Externalities of Corruption: Evidence from Entrepreneurial Firms in China

Review of Finance, forthcoming , Kelley School of Business Research Paper No. 17-6, European Corporate Governance Institute (ECGI) - Finance Working Paper No. 536/2017, Swedish House of Finance Research Paper No. 17-6
Number of pages: 70 Posted: 13 Jan 2017 Last Revised: 03 Nov 2020
Stockholm School of Economics, Renmin University of China - School of Business, Xiamen University and Indiana University Kelley School of Business
Downloads 1,002 (27,182)
Citation 14

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corruption, corporate governance, capital and labor allocation, China

The Externalities of Corruption: Evidence from Entrepreneurial Activity in China

CEPR Discussion Paper No. DP12345
Number of pages: 67 Posted: 09 Oct 2017
Stockholm School of Economics, Renmin University of China - School of Business, Xiamen University and Indiana University Kelley School of Business
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capital and labor allocation, China, corporate governance, Corruption

Investment Opportunities, Liquidity Premium, and Conglomerate Mergers

Number of pages: 42 Posted: 02 Jul 1999 Last Revised: 14 May 2014
Chun Chang and Xiaoyun Yu
Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF) and Indiana University Kelley School of Business
Downloads 860 (33,697)
Citation 5

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mergers and spinoffs, corporate diversification and focus, security design, allocative information, liquidity

Investment Opportunities, Liquidity Premium and Conglomerate Mergers

Journal of Business, Vol. 77, No. 1, 2004
Number of pages: 54 Posted: 07 Nov 2007
Chun Chang and Xiaoyun Yu
Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF) and Indiana University Kelley School of Business
Downloads 115 (293,955)

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mergers and spinoffs, corporate diversification and focus, security design, allocative information

Adapting to Radical Change: The Benefits of Short-Horizon Investors

European Corporate Governance Institute (ECGI) - Finance Working Paper No. 467/2016, Management Science, forthcoming, 28th Annual Conference on Financial Economics and Accounting
Number of pages: 53 Posted: 07 Sep 2017 Last Revised: 10 Jul 2020
Mariassunta Giannetti and Xiaoyun Yu
Stockholm School of Economics and Indiana University Kelley School of Business
Downloads 807 (36,776)
Citation 14

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Short-termism, investor horizons, restructuring, tariff cuts

Adapting to Radical Change: The Benefits of Short-Horizon Investors

Management Science, Forthcoming , Swedish House of Finance Research Paper No. 20-23
Number of pages: 53 Posted: 24 Sep 2020 Last Revised: 29 Sep 2020
Mariassunta Giannetti and Xiaoyun Yu
Stockholm School of Economics and Indiana University Kelley School of Business
Downloads 143 (249,145)

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Short-termism, investor horizons, tariff cuts

Adapting to Radical Change: The Benefits of Short-Horizon Investors

CEPR Discussion Paper No. DP12021
Number of pages: 63 Posted: 08 May 2017
Mariassunta Giannetti and Xiaoyun Yu
Stockholm School of Economics and Indiana University Kelley School of Business
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deregulation, investor horizons, Restructuring, Short-termism, tariff cuts

The Causes and Consequences of Recent Financial Market Bubbles: An Introduction

Review of Financial Studies, 2007
Number of pages: 15 Posted: 11 Sep 2007 Last Revised: 12 May 2014
Utpal Bhattacharya and Xiaoyun Yu
HKUST Business School and Indiana University Kelley School of Business
Downloads 805 (36,879)

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Asset Pricing Bubbles

The Causes and Consequences of Recent Financial Market Bubbles: An Introduction

The Review of Financial Studies, Vol. 21, No. 1, pp. 3-10, 2008
Posted: 26 Jun 2008
Utpal Bhattacharya and Xiaoyun Yu
HKUST Business School and Indiana University Kelley School of Business

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11.

On the Anticipation of IPO Underpricing: Evidence from Equity Carve-Outs

Journal of Corporate Finance, Forthcoming
Number of pages: 47 Posted: 11 Dec 2000 Last Revised: 14 May 2014
University of Minnesota - Twin Cities - Carlson School of Management, Texas Christian University, University of Minnesota - Twin Cities - Carlson School of Management and Indiana University Kelley School of Business
Downloads 733 (42,577)
Citation 3

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initial public offerings, underpricing, carve-outs, market efficiency

12.

Unleashing Innovation

Kelley School of Business Research Paper No. 2014-43
Number of pages: 54 Posted: 06 Oct 2013 Last Revised: 13 Nov 2014
Yifei Mao, Xuan Tian and Xiaoyun Yu
Cornell University - SC Johnson College of Business - Finance Department, Tsinghua University - PBC School of Finance and Indiana University Kelley School of Business
Downloads 725 (43,215)
Citation 4

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Innovation, Stage financing, Venture capital, Short-termism

13.

Cultural Proximity and the Processing of Financial Information

Journal of Financial and Quantitative Analysis (JFQA), 2017
Number of pages: 43 Posted: 28 Feb 2013 Last Revised: 10 Jan 2018
Qianqian Du, Frank Yu and Xiaoyun Yu
Hong Kong Polytechnic University, China Europe International Business School and Indiana University Kelley School of Business
Downloads 656 (49,318)
Citation 8

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Culture, Forecast Accuracy, Information Asymmetry, Demographic Economics, Financial Analysts

Economic Development and Relationship-Based Financing

Review of Corporate Finance Studies Forthcoming, European Corporate Governance Institute (ECGI) - Finance Working Paper No. 153/2007, AFA 2009 San Francisco Meetings Paper
Number of pages: 60 Posted: 17 Mar 2008 Last Revised: 31 Oct 2018
Mariassunta Giannetti and Xiaoyun Yu
Stockholm School of Economics and Indiana University Kelley School of Business
Downloads 620 (52,503)
Citation 3

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Finance and growth; Information acquisition; Competition for capital; Relationship-based vs.arm's length financial systems

Economic Development and Relationship-Based Financing

Review of Corporate Finance Studies, Forthcoming
Posted: 22 Sep 2014
Mariassunta Giannetti and Xiaoyun Yu
Stockholm School of Economics and Indiana University Kelley School of Business

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Finance and growth; Information acquisition; Competition for capital; Relationship-based vs. arm's length financial systems

Information from Relationship Lending: Evidence from Loan Defaults in China

Journal of Money, Credit, and Banking, Forthcoming, European Banking Center Discussion Paper No. 2009-10S, CentER Discussion Paper Series No. 2009-39S
Number of pages: 86 Posted: 15 Mar 2009 Last Revised: 14 May 2014
Chun Chang, Guanmin Liao, Xiaoyun Yu and Zheng Ni
Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF), Renmin University of China - School of Business, Indiana University Kelley School of Business and Renmin University of China - Hanqing Advanced Institute of Economics and Finance
Downloads 555 (60,455)

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Debt default, internal credit ratings, credit risk, relationship lending, soft information

Information from Relationship Lending: Evidence from Loan Defaults in China

Journal of Money, Credit and Banking (Forthcoming)
Number of pages: 86 Posted: 25 Jun 2013
Chun Chang, Guanmin Liao, Xiaoyun Yu and Zheng Ni
Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF), Renmin University of China - School of Business, Indiana University Kelley School of Business and Renmin University of China - Hanqing Advanced Institute of Economics and Finance
Downloads 64 (422,994)
Citation 2

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Debt default, internal credit ratings, credit risk, relationship information, relationship lending, hard and soft information

16.

Firm Mortality and Natal Financial Care

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 91 Posted: 28 Jul 2010 Last Revised: 12 May 2014
HKUST Business School, University of Cincinnati - Department of Finance - Real Estate and Indiana University Kelley School of Business
Downloads 598 (55,666)
Citation 5

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firm mortality, survival risk, initial public offerings, underwriters, venture capital

17.

Negation of Sanctions: The Personal Effect of Political Contributions

AFA 2013 San Diego Meetings Paper
Number of pages: 67 Posted: 18 Mar 2012 Last Revised: 11 Jun 2020
Sarah Fulmer, April M. Knill and Xiaoyun Yu
Florida State University - Department of Finance, Florida State University College of Business and Indiana University Kelley School of Business
Downloads 582 (57,601)
Citation 8

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Political contributions; SEC enforcement; DOJ enforcement; fraud; civil and criminal penalties

18.

Business Cycles, Firm Size and Market Reactions to News

Number of pages: 46 Posted: 20 Mar 2008 Last Revised: 14 May 2014
Yiming Qian and Xiaoyun Yu
University of Connecticut and Indiana University Kelley School of Business
Downloads 553 (61,420)

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market reaction to earnings news, business cycles, firm size, value stock and growth stock, earnings persistence, earnings management, investor attention

19.

Disciplining Delegated Monitors: When Venture Capitalists Fail to Prevent Fraud by Their IPO Firms

Sixth Singapore International Conference on Finance 2012 Paper
Number of pages: 69 Posted: 10 Mar 2011 Last Revised: 01 Sep 2015
Xuan Tian, Gregory F. Udell and Xiaoyun Yu
Tsinghua University - PBC School of Finance, Indiana University - Kelley School of Business - Department of Finance and Indiana University Kelley School of Business
Downloads 546 (62,399)
Citation 11

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Corporate Fraud, Initial Public Offerings, Financial Intermediaries, Reputation, Venture Capital

20.

Panda Games: Corporate Disclosure in the Eclipse of Search

Kelley School of Business Research Paper No. 18-2
Number of pages: 56 Posted: 08 Dec 2017 Last Revised: 12 Oct 2020
Kemin Wang, Xiaoyun Yu and Bohui Zhang
Fudan University - School of Management, Indiana University Kelley School of Business and The Chinese University of Hong Kong, Shenzhen
Downloads 492 (70,989)
Citation 1

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Technology and governance, strategic disclosure, textual analysis, Google

21.

The Causes and Consequences of Recent Financial Market Bubbles: An Introduction

Number of pages: 14 Posted: 11 Sep 2007
Utpal Bhattacharya and Xiaoyun Yu
HKUST Business School and Indiana University Kelley School of Business
Downloads 490 (71,369)

Abstract:

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Asset Pricing Bubbles

22.
Downloads 439 ( 81,424)
Citation 4

The Role of the Media in the Launch of Internet Ipos

Number of pages: 28 Posted: 18 Apr 2006
HKUST Business School, Monash University - Department of Banking and Finance, Indiana University Kelley School of Business and University of Colorado at Denver
Downloads 264 (142,199)
Citation 3

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Initial public offering, media, underpricing, internet bubble

The Role of the Media in the Launch of Internet Ipos

Betriebswirtschaftliche Forschung und Praxis, Forthcoming
Number of pages: 28 Posted: 19 Jun 2006
HKUST Business School, Indiana University Kelley School of Business, Monash University - Department of Banking and Finance and University of Colorado at Denver
Downloads 175 (209,913)

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initial public offerings, media, underpricing, internet bubble

23.

Securities Fraud and Corporate Finance: Recent Developments

Managerial Decision and Economics, Forthcoming
Number of pages: 32 Posted: 08 Aug 2013
Xiaoyun Yu
Indiana University Kelley School of Business
Downloads 422 (85,336)
Citation 2

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corporate fraud, corporate governance, literature review

24.

Is Board Structure One-Size-Fits-All? The Unintended Informational Consequence of the Sarbanes-Oxley Act

Number of pages: 51 Posted: 25 Mar 2008 Last Revised: 14 May 2014
Huijing Fu and Xiaoyun Yu
Texas Christian University and Indiana University Kelley School of Business
Downloads 369 (99,588)
Citation 1

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Sarbanes-Oxley Act, information asymmetry, insider trading, board structure and composition, directors, corporate governance

25.

Standing Out from the Crowd: The Real Effects of Outliers

Kelley School of Business Research Paper No. 16-40
Number of pages: 55 Posted: 12 May 2016 Last Revised: 02 Mar 2021
Qianqian Du, Frank Yu and Xiaoyun Yu
Hong Kong Polytechnic University, China Europe International Business School and Indiana University Kelley School of Business
Downloads 278 (135,404)

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outliers; extreme optimism; financial analyst; corporate governance

26.

Does Money Follow the Flag?

Number of pages: 33 Posted: 17 Feb 2009 Last Revised: 12 May 2014
Nandini Gupta and Xiaoyun Yu
Indiana University - Kelley School of Business - Department of Finance and Indiana University Kelley School of Business
Downloads 254 (148,411)
Citation 9

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international capital flows, foreign portfolio investment, political relations

27.

The 'Real' Value of Conflicted Analyst Coverage

Number of pages: 57 Posted: 18 Mar 2010 Last Revised: 14 May 2014
Southern Methodist University (SMU) - Finance Department, Board of Governors of the Federal Reserve System and Indiana University Kelley School of Business
Downloads 190 (195,244)

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Conflicts of interest, sell-side research, Global Research Settlement, analyst coverage incentives, loss of analyst coverage, information asymmetry.

28.

Big Fish in Small Ponds: Human Capital Mobility and the Rise of Boutique Banks

Number of pages: 71 Posted: 12 Dec 2019 Last Revised: 10 Mar 2021
Janet Gao, Wenyu Wang and Xiaoyun Yu
Indiana University - Kelley School of Business, Indiana University - Kelley School of Business - Department of Finance and Indiana University Kelley School of Business
Downloads 165 (220,629)

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Investment Bank, Mobility of Human Capital, Mergers and Acquisitions

29.

Torpedo Your Competition: Strategic Reporting and Peer Firm IPO

European Corporate Governance Institute – Finance Working Paper No. 732/2021
Number of pages: 75 Posted: 12 Oct 2020 Last Revised: 25 May 2021
Indiana University - Kelley School of Business - Department of Finance, University of Pittsburgh - Accounting Group and Indiana University Kelley School of Business
Downloads 146 (245,673)

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Initial public offerings, product market competition, strategic reporting

30.

Firm Mortality and Natal Financial Care

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 91 Posted: 19 Mar 2013 Last Revised: 12 May 2014
HKUST Business School, University of Cincinnati - Department of Finance - Real Estate and Indiana University Kelley School of Business
Downloads 136 (258,523)
Citation 6

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firm mortality, survival risk, initial public offering, underwriters, venture capital

31.

Low-Price Effect: Evidence from the Chinese IPO Market

Kelley School of Business Research Paper No. 18-25
Number of pages: 50 Posted: 31 Mar 2018
Pennsylvania State University - University Park - Department of Finance, Rochester Institute of Technology (RIT) - Department of Accounting and Finance and Indiana University Kelley School of Business
Downloads 106 (309,563)

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Low-Price Effect, Initial Public Offering, Chinese Stock Market, Nominal Price Illusion, Investor Attention

32.

Favoritism and Markets in Capital Allocation

EFA 2007 Ljubljana Meetings Paper
Number of pages: 47 Posted: 26 Feb 2007
Mariassunta Giannetti and Xiaoyun Yu
Stockholm School of Economics and Indiana University Kelley School of Business
Downloads 73 (389,277)
Citation 3

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Finance and growth, Information production, Competition for capital, Exchange competition

33.

Favouritism or Markets in Capital Allocation?

CEPR Discussion Paper No. DP6124
Number of pages: 49 Posted: 19 May 2008
Mariassunta Giannetti and Xiaoyun Yu
Stockholm School of Economics and Indiana University Kelley School of Business
Downloads 3 (756,088)
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Competition for capital, exchange competition, finance and growth, information production

Other Papers (1)

Total Downloads: 97
1.

Transporting Transparency: Director Foreign Experience and Corporate Information Environment

28th Annual Conference on Financial Economics and Accounting
Number of pages: 57 Posted: 01 Jul 2016 Last Revised: 14 Jul 2017
Guanmin Liao, Mark (Shuai) Ma and Xiaoyun Yu
Renmin University of China - School of Business, University of Pittsburgh - Accounting Group and Indiana University Kelley School of Business
Downloads 97

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Corporate Governance, Board of Directors, Corporate Transparency, Information Environment, Human Capital