Meet the Researchers
Jie Yang
[email protected]
Education
- Ph.D., Finance, Duke University, 2010
- B.S., Economics, Massachusetts Institute of Technology, 2003
- Empirical Corporate Finance
- Institutional Investors, Financial Constraints
Group Manager
Board of Governors of the Federal Reserve System
2021 - presentPrincipal Economist
Board of Governors of the Federal Reserve System
2019 - 2021Senior Economist
Board of Governors of the Federal Reserve System
2016 - 2019Assistant Professor of Finance
McDonough School of Business, Georgetown University
2010 - 2016
- Tapping into Financial Synergies: Alleviating Financial Constraints through Acquisitions
Rohan Williamson and Jie Yang
Journal of Corporate Finance (2021)
https://doi.org/10.1016/j.jcorpfin.2021.101947
See also » FRB Working Paper (2018) - What Drove Recent Trends in Corporate Bonds and Loans Usage?
Jacob Bochner, Min Wei, and Jie Yang
FEDS Notes (2020)
https://doi.org/10.17016/2380-7172.2789 - Spike in 2019Q1 Leverage Ratios: The Impact of Operating Leases
Dino Palazzo and Jie Yang
FEDS Notes (2019)
https://doi.org/10.17016/2380-7172.2464 - Taxes, Bankruptcy Costs, and Capital Structure in for-Profit and Not-for-Profit Hospitals
Sean S. Huang, Jie Yang, and Nathan Carroll
Health Services Management Research (2018)
https://doi.org/10.1177/0951484817726780 - The Effects of Institutional Investor Objectives on Firm Valuation and Governance
Paul Borochin and Jie Yang
Journal of Financial Economics (2017)
https://doi.org/10.1016/j.jfineco.2017.06.013
See also » FRB Working Paper (2016) - Options, Equity Risks, and the Value of Capital Structure Adjustments
Paul Borochin and Jie Yang
Journal of Corporate Finance (2017)
https://doi.org/10.1016/j.jcorpfin.2016.11.010
See also » FRB Working Paper (2016) - Using Option Market Liquidity to Predict REIT Leverage Changes
Paul Borochin, John L. Glascock, Ran Lu-Andrews, and Jie Yang
Journal of Real Estate Finance and Economics (2017)
https://doi.org/10.1007/s11146-016-9559-y - An Empirical Model of Optimal Capital Structure
Jules H. van Binsbergen, John R. Graham, and Jie Yang
Journal of Applied Corporate Finance (2011)
https://doi.org/10.1111/j.1745-6622.2011.00351.x - The Cost of Debt
Jules H. van Binsbergen, John Graham, and Jie Yang
NBER Working Paper Series (2010)
https://doi.org/10.3386/w16023 - The Cost of Debt
Jules H. van Binsbergen, John R. Graham, and Jie Yang
Journal of Finance (2010)
https://doi.org/10.1111/j.1540-6261.2010.01611.x
conference
October 2018Financial Management Association, San Diego, CA
Collateral, Risk, and Borrowing Capacity
conference
October 2018Financial Management Association, San Diego, CA
The Effect of Institutional Ownership Types on Innovation and Competition *presented by coauthor
conference
June 2018Financial Management Association Europe, Kristiansand, Norway
Collateral, Risk, and Borrowing Capacity *presented by coauthor
conference
August 2017Cass Business School 2nd Annual Mergers and Acquisitions Conference, London, UK
Tapping into Financial Synergies:Alleviating Financial Constraints Through Acquisitions
conference
June 2017Commodity and Energy Markets Annual Meeting, Oxford, UK
Collateral, Risk, and Borrowing Capacity *presented by coauthor
seminar
December 2016University of Connecticut, Storrs, CT
Network Centrality of Suppliers and Customers
conference
October 2016Financial Management Association, Las Vegas, NV
Network Centrality of Suppliers and Customers
conference
October 2016Financial Management Association, Las Vegas, NV
The Effects of Institutional Investor Objectives on Firm Valuation and Governance *presented by coauthor
seminar
October 2016University of Baltimore, Baltimore, MD
The Effects of Institutional Investor Objectives on Firm Valuation and Governance
conference
June 2016European Financial Management Association, Basel, Switzerland
The Effects of Institutional Investor Objectives on Firm Valuation and Governance *presented by coauthor
conference
March 2016Midwest Finance Association, Atlanta, GA
Network Centrality of Suppliers and Customers *presented by coauthor
seminar
January 2016George Mason University, Fairfax, VA
Financing Constraints and Acquisitions
seminar
January 2016Securities and Exchange Commission, Washington, DC
Defendant Cash Holdings in Patent Litigation: The Impact on Shareholder Value
seminar
December 2015Federal Reserve Board, Washington, DC
Financing Constraints and Acquisitions
seminar
November 2015Office of the Comptroller of the Currency, Washington, DC
Financing Constraints and Acquisitions
conference
October 2015Financial Management Association, Orlando, FL
Defendant Cash Holdings in Patent Litigation: The Impact on Shareholder Value
conference
May 2015Financial Intermediation Research Society, Reykjavik, Iceland
Options, Equity Risks, and the Value of Capital Structure Adjustments *presented by coauthor
conference
October 2014OptionMetrics Research Conference, New York, NY
Options, Equity Risks, and the Value of Capital Structure Adjustments *presented by coauthor
conference
October 2014Financial Management Association, Nashville, TN
Firm Constraints, Firm Structure, and Acquisitions
conference
October 2014Financial Management Association, Nashville, TN
Options, Equity Risks, and the Value of Capital Structure Adjustments *presented by coauthor
seminar
October 2014University of Connecticut, Storrs, CT
Firm Constraints, Firm Structure, and Acquisitions
seminar
August 2014Federal Reserve Board, Washington, DC
Equity and Debt Financing Constraints
conference
May 2014Financial Management Association Asia, Tokyo, Japan
Can Firms Loosen Financial Constraints? *presented by coauthor
conference
December 2013AFFI/EUROFIDAI, Paris, France
Can Firms Loosen Financial Constraints?
conference
October 2013Financial Management Association, Chicago, IL
Patent Litigation and Cost of Capital
seminar
October 2013DePaul University, Chicago, IL
Changes in Institutional Ownership: Liquidity, Activism, and Firm Performance
conference
October 2012Financial Management Association, Atlanta, GA
Firm Performance and Changes in Institutional Ownership: A Corporate Governance Perspective
conference
October 2010Financial Management Association, New York, NY
Financial Constraints and Capital Structure
seminar
December 2009Georgetown University, Washington, DC
Financial Constraints and Capital Structure
seminar
March 2009Georgetown University, Washington, DC
The Cost of Debt
conference
August 2007European Finance Association, Ljubljana, Slovenia
The Cost of Debt *presented by coauthor
conference
August 2007NBER Summer Institute, Cambridge, MA
The Cost of Debt *presented by coauthor
conference
June 2007Western Finance Association, Big Sky, MT
The Cost of Debt *presented by coauthor
Awards
- 2008
American Finance Association
AFA Travel Grant Award
Conference Organization
2013-2021
Western Finance Association
Program Committee
2015-2021
European Finance Association
Program Committee
2013-2018
Financial Management Association
Program Committee
2015, 2017-2019
Midwest Finance Association
Program Committee
2016
Asian Finance Association
Program Committee
2015
Eastern Finance Association
Program Committee
2014-2015
FMA Asia Meeting
Program Committee
Referee
- Journal of Finance
- Journal of Financial Economics
- Review of Financial Studies
- Management Science
- Review of Finance
- Journal of Corporate Finance
- Journal of Banking and Finance
- The Financial Review
- Journal of Empirical Finance
- Global Finance Journal
- International Finance
- International Tax and Public Finance
- Managerial and Decision Economics
- Quarterly Review of Economics and Finance
- International Review of Economics and Finance
Professional Affiliation
- American Finance Association
- Western Finance Association
- European Finance Association
- Financial Management Association
- Society for Financial Studies