Tracy Yue Wang

University of Minnesota - Twin Cities - Carlson School of Management

Associate Professor

19th Avenue South

Minneapolis, MN 55455

United States

  • University of Minnesota - Twin Cities - Carlson School of Management

SCHOLARLY PAPERS

29

DOWNLOADS
Rank 2,014

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Top 2,014

in Total Papers Downloads

32,027

TOTAL CITATIONS
Rank 1,290

SSRN RANKINGS

Top 1,290

in Total Papers Citations

735

Scholarly Papers (29)

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1.

Why Do Firms Go Dark? Causes and Economic Consequences of Voluntary SEC Deregistrations

Downloads 3,869 ( 6,147)
Citation 137

Why Do Firms Go Dark? Causes and Economic Consequences of Voluntary SEC Deregistrations

ECGI - Finance Working Paper No. 155/2007, AFA 2006 Boston Meetings Paper, Robert H. Smith School Research Paper No. RHS 06-045
Number of pages: 70 Posted: 24 Oct 2005 Last Revised: 13 Feb 2011
Christian Leuz, Alexander J. Triantis, Alexander J. Triantis and Tracy Yue Wang
University of Chicago - Booth School of Business, Johns Hopkins University - Carey Business SchoolUniversity of Maryland - Robert H. Smith School of Business and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 3,869 (6,018)
Citation 137

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SEC deregistration, Disclosure, Going private, Regulation, Private control

Why Do Firms Go Dark? Causes and Economic Consequences of Voluntary SEC Deregistrations

Journal of Accounting & Economics (JAE), 2008
Posted: 18 Mar 2008
Christian Leuz, Alexander J. Triantis, Alexander J. Triantis and Tracy Yue Wang
University of Chicago - Booth School of Business, Johns Hopkins University - Carey Business SchoolUniversity of Maryland - Robert H. Smith School of Business and University of Minnesota - Twin Cities - Carlson School of Management

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Going private, Disclosure, Sarbanes-Oxley Act, Deregistration, Private control benefits, Pink sheets, Liquidity, Stock market reactions

2.

Tolerance for Failure and Corporate Innovation

Review of Financial Studies, Forthcoming
Number of pages: 57 Posted: 07 May 2009 Last Revised: 07 Nov 2014
Xuan Tian and Tracy Yue Wang
Tsinghua University - PBC School of Finance and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 2,980 (9,350)
Citation 128

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tolerance for failure, innovation, patents, venture capital, IPO

3.

Corporate Political Donations: Investment or Agency?

published in Business and Politics 14.1 (2012), AFA 2012 Chicago Meetings Paper, 2008 WFA Meeting Paper
Number of pages: 43 Posted: 17 Mar 2008 Last Revised: 05 Oct 2014
Rajesh K. Aggarwal, Felix Meschke and Tracy Yue Wang
Northeastern University, University of Kansas - Finance Area and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 2,446 (12,783)
Citation 34

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Corporate Governance, Political Donations, Investment, Agency

4.

Corporate Social Responsibility and Employee Retention

Number of pages: 99 Posted: 30 Jun 2022 Last Revised: 10 Dec 2024
Xiao Cen, Yue Qiu and Tracy Yue Wang
Mays Business School, Texas A&M University, Temple University and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 2,187 (15,359)
Citation 3

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employee retention, corporate social responsibility, CSR, environmental consciousness, social consciousness, financial incentive, non-financial incentives, non-financial job benefit

5.

Do Equity Markets Care About Income Inequality? Evidence from Pay Ratio Disclosure

Journal of Finance, Forthcoming
Number of pages: 80 Posted: 11 Feb 2020 Last Revised: 19 Nov 2021
Yihui Pan, Elena Pikulina, Stephan Siegel and Tracy Yue Wang
University of Utah - Department of Finance, Finance Division, Sauder School of Business, University of British Columbia (UBC), University of Washington - Michael G. Foster School of Business and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 1,964 (18,233)
Citation 47

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Income inequality, pay dispersion, CEO-worker pay ratio, inequality aversion

6.

Corporate Financial Distress and Bankruptcy: A Survey

Downloads 1,770 (21,438)
Citation 9

Corporate Financial Distress and Bankruptcy: A Survey

Foundations and Trends in Finance, Vol. 5, No. 4 (2010) 243-335
Number of pages: 81 Posted: 05 Apr 2012 Last Revised: 11 Jan 2013
Lemma W. Senbet and Tracy Yue Wang
University of Maryland - Robert H. Smith School of Business and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 1,768 (21,085)
Citation 7

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financial distress, corporate bankruptcy, economic distress, systemic financial distress

Corporate Financial Distress and Bankruptcy: A Survey

Foundations and Trends in Finance, Vol. 5, No. 4, 2010
Number of pages: 109 Posted: 23 May 2013
Lemma W. Senbet and Tracy Yue Wang
University of Maryland - Robert H. Smith School of Business and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 2 (1,386,507)
Citation 2
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financial distress, bankruptcy, financial crisis, bankruptcy codes, corporate governance

7.

Investor Overconfidence and the Forward Premium Puzzle

Downloads 1,378 (31,263)
Citation 16

Investor Overconfidence and the Forward Premium Puzzle

Number of pages: 58 Posted: 27 Mar 2008 Last Revised: 31 Mar 2010
A. Craig Burnside, Bing Han, David Hirshleifer and Tracy Yue Wang
Duke University - Department of Economics, University of Toronto, Rotman School of Management, University of Southern California - Marshall School of Business - Finance and Business Economics Department and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 963 (51,573)
Citation 1

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investor overconfidence, forward discount puzzle, inflation differential, exchange rate overshooting, market efficiency, Purchasing Power Parity

Investor Overconfidence and the Forward Premium Puzzle

Economic Research Initiatives at Duke (ERID) Working Paper No. 47, McCombs Research Paper Series No. FIN-03-10
Number of pages: 61 Posted: 27 Apr 2010 Last Revised: 08 Oct 2010
A. Craig Burnside, Bing Han, David Hirshleifer and Tracy Yue Wang
Duke University - Department of Economics, University of Toronto, Rotman School of Management, University of Southern California - Marshall School of Business - Finance and Business Economics Department and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 301 (216,451)
Citation 15

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Investor Overconfidence and the Forward Premium Puzzle

NBER Working Paper No. w15866
Number of pages: 61 Posted: 05 Apr 2010 Last Revised: 10 May 2023
A. Craig Burnside, Bing Han, David Hirshleifer and Tracy Yue Wang
Duke University - Department of Economics, University of Toronto, Rotman School of Management, University of Southern California - Marshall School of Business - Finance and Business Economics Department and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 114 (527,453)

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8.

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, Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF) and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 1,375 (31,353)
Citation 17

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

9.

Corporate Risk Culture

Number of pages: 62 Posted: 17 Oct 2015 Last Revised: 02 Sep 2016
Yihui Pan, Stephan Siegel and Tracy Yue Wang
University of Utah - Department of Finance, University of Washington - Michael G. Foster School of Business and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 1,286 (34,625)
Citation 60

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corporate culture, cultural heritage, risk preference, uncertainty avoidance, corporate investment, CEO selection, directors, executives

10.

Corporate Scandals and Household Stock Market Participation

Downloads 1,266 (35,397)
Citation 148

Corporate Scandals and Household Stock Market Participation

European Corporate Governance Institute (ECGI) - Finance Working Paper No. 405/2014
Number of pages: 75 Posted: 28 Sep 2013 Last Revised: 28 Oct 2018
Mariassunta Giannetti and Tracy Yue Wang
Stockholm School of Economics and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 1,264 (34,868)
Citation 148

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corporate securities fraud, corporate scandal, household stock market participation, local bias

Corporate Scandals and Household Stock Market Participation

CEPR Discussion Paper No. DP9834
Number of pages: 55 Posted: 02 Jun 2014
Mariassunta Giannetti and Tracy Yue Wang
Stockholm School of Economics and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 2 (1,386,507)
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corporate scandal, corporate securities fraud, household stock market participation, local bias

Corporate Scandals and Household Stock Market Participation

Journal of Finance, Forthcoming
Posted: 30 Jul 2015
Mariassunta Giannetti and Tracy Yue Wang
Stockholm School of Economics and University of Minnesota - Twin Cities - Carlson School of Management

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corporate securities fraud, corporate scandal, household stock market participation, local bias

11.

Securities Fraud: An Economic Analysis

Number of pages: 39 Posted: 20 Mar 2005
Tracy Yue Wang
University of Minnesota - Twin Cities - Carlson School of Management
Downloads 1,180 (39,233)
Citation 9

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securities fraud, financial misreporting, corporate governance, investment

12.

Corporate Securities Fraud: Insights from a New Empirical Framework

Journal of Law, Economics, and Organization, Forthcoming
Number of pages: 43 Posted: 06 Jul 2004 Last Revised: 02 Apr 2011
Tracy Yue Wang
University of Minnesota - Twin Cities - Carlson School of Management
Downloads 1,060 (45,798)
Citation 31

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securities fraud, fraud detection

13.

Public Attention to Gender Equality and Board Gender Diversity

Downloads 1,047 (46,598)
Citation 10

Public Attention to Gender Equality and Board Gender Diversity

Journal of Financial and Quantitative Analysis, Forthcoming, European Corporate Governance Institute – Finance Working Paper No. 667/2020
Number of pages: 55 Posted: 15 Apr 2019 Last Revised: 16 Dec 2021
Mariassunta Giannetti and Tracy Yue Wang
Stockholm School of Economics and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 1,042 (46,142)
Citation 10

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Boards, Gender, Public Attention, Networks, Connections, Homophily, Corporate Culture

Public Attention to Gender Equality and the Demand for Female Directors

CEPR Discussion Paper No. DP14503
Number of pages: 55 Posted: 25 Mar 2020
Mariassunta Giannetti and Tracy Yue Wang
Stockholm School of Economics and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 5 (1,366,848)
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14.

Competition and Corporate Fraud Waves

Downloads 925 (55,513)
Citation 17

Competition and Corporate Fraud Waves

7th Annual Conference on Empirical Legal Studies Paper
Number of pages: 48 Posted: 14 Mar 2011 Last Revised: 11 Jul 2012
Tracy Yue Wang and Andrew Winton
University of Minnesota - Twin Cities - Carlson School of Management and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 560 (105,659)
Citation 8

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corporate securities fraud, misreporting, product market competition, boom, bust, investment, relative performance evaluation

Competition and Corporate Fraud Waves

Number of pages: 48 Posted: 17 Jul 2012 Last Revised: 06 Aug 2012
Tracy Yue Wang and Andrew Winton
University of Minnesota - Twin Cities - Carlson School of Management and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 365 (175,405)
Citation 9

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corporate securities fraud, misreporting, product market competition, boom, bust, investment, relative performance evaluation

15.

The Cultural Origin of CEOs’ Attitudes Towards Uncertainty: Evidence from Corporate Acquisitions

Review of Financial Studies, Forthcoming
Number of pages: 82 Posted: 16 Jun 2017 Last Revised: 28 Sep 2019
Yihui Pan, Stephan Siegel and Tracy Yue Wang
University of Utah - Department of Finance, University of Washington - Michael G. Foster School of Business and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 918 (56,016)
Citation 6

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culture, cultural heritage, uncertainty avoidance, uncertainty aversion, Hofstede, CEO, corporate acquisition, social transmission of preference

16.

Political Divide and Partisan Portfolio Disagreement

Number of pages: 71 Posted: 10 Mar 2023 Last Revised: 01 Apr 2025
Yihui Pan, Elena Pikulina, Stephan Siegel and Tracy Yue Wang
University of Utah - Department of Finance, Finance Division, Sauder School of Business, University of British Columbia (UBC), University of Washington - Michael G. Foster School of Business and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 839 (63,405)

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Political preference, political polarization, equity portfolio composition, ESG, ideological segmentation, geographic variation

17.

Skilled Labor Risk and Corporate Policies

Review of Corporate Finance Studies, Forthcoming
Number of pages: 43 Posted: 20 Mar 2017 Last Revised: 17 Jun 2021
Yue Qiu and Tracy Yue Wang
Temple University and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 802 (67,299)
Citation 4

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Skilled labor, labor mobility, labor skill, incentive pay, compensation, H-1B, leverage, cash holding, M&A

18.

CEO Investment Cycles

Downloads 702 (80,135)
Citation 4

CEO Investment Cycles

Charles A. Dice Center Working Paper No. 2013-12, Fisher College of Business Working Paper No. 2013-03-12
Number of pages: 72 Posted: 16 Aug 2013 Last Revised: 01 Oct 2015
Yihui Pan, Tracy Yue Wang and Michael S. Weisbach
University of Utah - Department of Finance, University of Minnesota - Twin Cities - Carlson School of Management and Ohio State University (OSU) - Department of Finance
Downloads 620 (92,613)
Citation 1

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Investment, disinvestment, non-performance motivated CEO turnover, CEO control of the board, overinvestment.

CEO Investment Cycles

NBER Working Paper No. w19330
Number of pages: 65 Posted: 17 Aug 2013 Last Revised: 27 Apr 2023
Yihui Pan, Tracy Yue Wang and Michael S. Weisbach
University of Utah - Department of Finance, University of Minnesota - Twin Cities - Carlson School of Management and Ohio State University (OSU) - Department of Finance
Downloads 82 (661,853)
Citation 3

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19.

Learning About CEO Ability and Stock Return Volatility

Downloads 665 (85,808)
Citation 35

Learning About CEO Ability and Stock Return Volatility

Charles A. Dice Center Working Paper No. 2013-05, Fisher College of Business Working Paper No. 2013-03-05
Number of pages: 59 Posted: 04 Mar 2013 Last Revised: 30 Jul 2014
Yihui Pan, Tracy Yue Wang and Michael S. Weisbach
University of Utah - Department of Finance, University of Minnesota - Twin Cities - Carlson School of Management and Ohio State University (OSU) - Department of Finance
Downloads 513 (117,659)

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CEO turnover, exogenous turnover, stock return volatility, idiosyncratic volatility, Bayesian learning, learning speed

Learning About CEO Ability and Stock Return Volatility

NBER Working Paper No. w18882
Number of pages: 54 Posted: 15 Mar 2013 Last Revised: 04 Feb 2023
Yihui Pan, Tracy Yue Wang and Michael S. Weisbach
University of Utah - Department of Finance, University of Minnesota - Twin Cities - Carlson School of Management and Ohio State University (OSU) - Department of Finance
Downloads 152 (417,648)
Citation 35

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20.

How Management Risk Affects Corporate Debt

Downloads 549 (109,505)
Citation 1

How Management Risk Affects Corporate Debt

Fisher College of Business Working Paper No. 2016-03-06, Charles A. Dice Center Working Paper No. 2016-6
Number of pages: 62 Posted: 08 Mar 2016 Last Revised: 13 Jan 2017
Yihui Pan, Tracy Yue Wang and Michael S. Weisbach
University of Utah - Department of Finance, University of Minnesota - Twin Cities - Carlson School of Management and Ohio State University (OSU) - Department of Finance
Downloads 499 (121,633)
Citation 1

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Corporate default risk, uncertainty about management, CEO turnover, CEO tenure, CFO, exogenous turnover, loan spread, bond yield spread, CDS spread, precautionary saving

How Management Risk Affects Corporate Debt

NBER Working Paper No. w22091
Number of pages: 58 Posted: 21 Mar 2016 Last Revised: 13 May 2023
Yihui Pan, Tracy Yue Wang and Michael S. Weisbach
University of Utah - Department of Finance, University of Minnesota - Twin Cities - Carlson School of Management and Ohio State University (OSU) - Department of Finance
Downloads 50 (865,565)

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21.

Personal Income Taxes and Corporate Investment

AFA 2010 Atlanta Meetings Paper, 5th Annual Conference on Empirical Legal Studies Paper
Number of pages: 48 Posted: 25 Oct 2007 Last Revised: 24 Oct 2010
Murray Z. Frank, Rajdeep Singh and Tracy Yue Wang
University of Minnesota, University of Minnesota - Twin Cities - Carlson School of Management and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 450 (139,587)
Citation 4

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corporate investment, dividend taxation, personal income tax, financing margin, marginal source of fund, cash

22.

Product Market Interactions and Corporate Fraud

Number of pages: 48 Posted: 19 Feb 2014
Tracy Yue Wang and Andrew Winton
University of Minnesota - Twin Cities - Carlson School of Management and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 439 (143,590)
Citation 8

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corporate securities fraud, misreporting, product market interaction, boom, bust, relative performance evaluation

23.

First Year in Office: How Do New CEOS Create Value?

Number of pages: 55 Posted: 20 Nov 2011 Last Revised: 21 Aug 2012
Yihui Pan and Tracy Yue Wang
University of Utah - Department of Finance and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 384 (167,296)
Citation 2

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24.

Why Do Firms Invest in DEI?  Evidence from the George Floyd murder

Number of pages: 69 Posted: 20 Sep 2024
Jonathan M. Karpoff, Ruoxi Tian, Tracy Yue Wang and Keer Yang
University of Washington - Michael G. Foster School of Business, University of Minnesota - Twin Cities - Carlson School of Management, University of Minnesota - Twin Cities - Carlson School of Management and University of California, Davis - Graduate School of Management
Downloads 380 (170,751)

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Diversity, equity, inclusion, DEI, George Floyd, firm value

25.

Management Risk and the Cost of Borrowing

Fisher College of Business Working Paper No. 2015-03-13, Charles A. Dice Center Working Paper No. 2015-13
Number of pages: 62 Posted: 13 Aug 2015 Last Revised: 02 Dec 2015
Yihui Pan, Tracy Yue Wang and Michael S. Weisbach
University of Utah - Department of Finance, University of Minnesota - Twin Cities - Carlson School of Management and Ohio State University (OSU) - Department of Finance
Downloads 359 (180,319)
Citation 3

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CEO turnover, CEO tenure, CFO, exogenous turnover, cost of borrowing, loan spread, bond yield spread, CDS spread, financial policy

26.

Social Movement and Racial Discrimination in Mortgage Lending

Number of pages: 51 Posted: 09 Aug 2023 Last Revised: 30 Aug 2023
Scott Liao, Tracy Yue Wang, Ethan Yao and Haiwen (Helen) Zhang
University of Toronto - Rotman School of Management, University of Minnesota - Twin Cities - Carlson School of Management, Neoma Business School and University of Minnesota
Downloads 316 (207,030)

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DEI, Banking, Mortgage, Discrimination, Black Lives Matter

27.

Does Uncertainty About Management Affect Firms' Costs of Borrowing?

Dice Center Working Paper No. 2014-14, Fisher College of Business Working Paper No. 2014-03-014
Number of pages: 52 Posted: 09 Nov 2014 Last Revised: 20 Jan 2015
Yihui Pan, Tracy Yue Wang and Michael S. Weisbach
University of Utah - Department of Finance, University of Minnesota - Twin Cities - Carlson School of Management and Ohio State University (OSU) - Department of Finance
Downloads 230 (286,687)

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CEO turnover, CEO tenure, CFO, exogenous turnover, cost of borrowing, loan spread, bond yield spread

28.

Corporate Diversity Culture Spillover

Number of pages: 56 Posted: 20 Dec 2023 Last Revised: 23 May 2024
Xiao Cen, Yue Qiu and Tracy Yue Wang
Mays Business School, Texas A&M University, Temple University and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 203 (322,965)

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corporate culture, diversity, gender wage gap, labor market competition, organizational learning

29.

Does Uncertainty About Management Affect Firms’ Costs of Borrowing?

NBER Working Paper No. w20674
Number of pages: 52 Posted: 17 Nov 2014 Last Revised: 29 Jun 2023
Yihui Pan, Tracy Yue Wang and Michael S. Weisbach
University of Utah - Department of Finance, University of Minnesota - Twin Cities - Carlson School of Management and Ohio State University (OSU) - Department of Finance
Downloads 58 (788,133)

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