Jun Yang

Indiana University - Kelley School of Business - Department of Finance

Associate Professor

1309 E. 10th St.

Bloomington, IN 47405

United States

  • Indiana University - Kelley School of Business - Department of Finance

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    • Tel: 812-855-3395
    • Fax: 812-855-5875
SCHOLARLY PAPERS

27

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13,466

TOTAL CITATIONS
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Top 5,399

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167

Scholarly Papers (27)

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1.

Executive Stock Options and Earnings Management - a Theoretical and Empirical Analysis

AFA 2006 Boston Meetings Paper
Number of pages: 47 Posted: 09 Nov 2004
Ohad Kadan and Jun Yang
Washington University in St. Louis - John M. Olin Business School and Indiana University - Kelley School of Business - Department of Finance
Downloads 1,440 (28,596)
Citation 21

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2.

Inside the Black Box: The Role and Composition of Compensation Peer Groups

AFA 2008 New Orleans Meetings Paper
Number of pages: 36 Posted: 21 Mar 2007 Last Revised: 14 May 2014
Michael W. Faulkender and Jun Yang
University of Maryland - Robert H. Smith School of Business and Indiana University - Kelley School of Business - Department of Finance
Downloads 1,376 (30,566)
Citation 53

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Corproate Governance, Executive Compensation, Compensation Peer Groups

3.

Explaining CEO Retention in Misreporting Firms

Downloads 967 (50,734)
Citation 11

Explaining CEO Retention in Misreporting Firms

Journal of Financial Economics, 2017, Vol. 123(3), Pages 512-535.
Number of pages: 58 Posted: 28 May 2016 Last Revised: 24 Aug 2022
Messod D. Beneish, Cassandra D. Marshall and Jun Yang
Indiana University - Kelley School of Business - Department of Accounting, University of Richmond - Department of Finance and Indiana University - Kelley School of Business - Department of Finance
Downloads 470 (127,142)
Citation 10

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CEO turnover, CFO turnover, fraud, restatements, insider trading, litigation costs, replacement costs

Director Independence and Insider Trading

Number of pages: 60 Posted: 19 Nov 2011 Last Revised: 25 May 2016
Messod D. Beneish, Cassandra D. Marshall and Jun Yang
Indiana University - Kelley School of Business - Department of Accounting, University of Richmond - Department of Finance and Indiana University - Kelley School of Business - Department of Finance
Downloads 497 (118,891)
Citation 1

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CEO turnover, CFO turnover, fraud, restatements, board independence, insider trading

4.

Behind the Scenes: Performance Target Setting of Annual Incentive Plans

AFA 2010 Atlanta Meetings Paper
Number of pages: 42 Posted: 17 Mar 2009 Last Revised: 14 May 2014
Daniel Sungyeon Kim and Jun Yang
Chung-Ang University - College of Business & Economics and Indiana University - Kelley School of Business - Department of Finance
Downloads 927 (53,794)
Citation 8

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performance targets, annual incentive plans (bonus programs), executive compensation

5.

Golden Hellos: Signing Bonuses for New Top Executives

Downloads 766 (69,635)
Citation 5

Golden Hellos: Signing Bonuses for New Top Executives

Journal of Financial Economics (JFE), 122(1), October 2016, pages 175-195.
Number of pages: 55 Posted: 02 Sep 2013 Last Revised: 08 Aug 2022
Jin Xu and Jun Yang
Virginia Tech - Pamplin College of Business and Indiana University - Kelley School of Business - Department of Finance
Downloads 520 (112,819)
Citation 4

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Executive compensation; Signing bonus; Termination risk; Incentive device

Golden Hellos: Signing Bonuses for New Top Executives

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 55 Posted: 10 Jun 2014 Last Revised: 10 Dec 2015
Jin Xu and Jun Yang
Virginia Tech - Pamplin College of Business and Indiana University - Kelley School of Business - Department of Finance
Downloads 246 (258,970)
Citation 1

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Executive compensation; Signing bonus; Termination risk; Incentive device

6.

Paying by Donating: Corporate Donations Affiliated with Independent Directors

Downloads 758 (70,620)
Citation 15

Paying by Donating: Corporate Donations Affiliated with Independent Directors

Kelley School of Business Research Paper No. 16-51, Review of Financial Studies, forthcoming
Number of pages: 80 Posted: 30 Jun 2016 Last Revised: 10 Jun 2020
Ye Cai, Jin Xu and Jun Yang
Santa Clara University - Leavey School of Business, Virginia Tech - Pamplin College of Business and Indiana University - Kelley School of Business - Department of Finance
Downloads 722 (74,130)
Citation 3

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Director Independence; Monitoring Incentives; Corporate Charitable Contributions

Paying by Donating: Corporate Donations Affiliated with Independent Directors

Review of Financial Studies (RFS), 34(2), February 2021, Pages 618–660
Posted: 30 Jun 2016
Ye Cai, Jin Xu and Jun Yang
Santa Clara University - Leavey School of Business, Virginia Tech - Pamplin College of Business and Indiana University - Kelley School of Business - Department of Finance
Downloads 36 (952,834)
Citation 12

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Director Independence; Monitoring Incentives; Corporate Charitable Contributions

7.

Is Disclosure an Effective Cleansing Mechanism? The Dynamics of Compensation Peer Benchmarking

Downloads 730 (74,205)
Citation 14

Is Disclosure an Effective Cleansing Mechanism? The Dynamics of Compensation Peer Benchmarking

Number of pages: 50 Posted: 15 Mar 2011 Last Revised: 14 May 2014
Michael W. Faulkender and Jun Yang
University of Maryland - Robert H. Smith School of Business and Indiana University - Kelley School of Business - Department of Finance
Downloads 452 (133,339)
Citation 13

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Disclosure Regulation, Corporate Governance, Executive Compensation, Peer Groups, Benchmarking

Is Disclosure an Effective Cleansing Mechanism? The Dynamics of Compensation Peer Benchmarking

AFA 2013 San Diego Meetings Paper
Number of pages: 34 Posted: 18 Mar 2012 Last Revised: 14 May 2014
Michael W. Faulkender and Jun Yang
University of Maryland - Robert H. Smith School of Business and Indiana University - Kelley School of Business - Department of Finance
Downloads 278 (228,685)
Citation 1

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disclosure regulation, corporate governance, executive compensation, peer groups, benchmarking

8.

User Interface and First-hand Experience in Retail Investing

Kelley School of Business Research Paper No. 18-54, The Review of Financial Studies, 34 (2021): 4486–4523
Number of pages: 53 Posted: 20 Jun 2018 Last Revised: 08 Aug 2022
Li Liao, Zhengwei Wang, Jia Xiang, Hongjun Yan and Jun Yang
Tsinghua University - PBC School of Finance, Tsinghua University - PBC School of Finance, Tsinghua University - PBC School of Finance, DePaul University and Indiana University - Kelley School of Business - Department of Finance
Downloads 655 (85,181)
Citation 3

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Rule of thumb, fast thinking, mobile investing, salience, first-hand experience, P2P

9.

The Effect of Secondary Market Closure on Primary Market Liquidity: Evidence from Peer-to-Peer Lending

Number of pages: 64 Posted: 31 Dec 2019 Last Revised: 05 Jan 2025
Craig W. Holden, Mingfeng Lin, Kai Lu, Jan Schneemeier, Zaiyan Wei and Jun Yang
Indiana University - Kelley School of Business - Department of Finance, Georgia Institute of Technology - Scheller College of Business, Shanghai University of Finance and Economics, Michigan State University - Eli Broad College of Business, Purdue University - Daniels School of Business and Indiana University - Kelley School of Business - Department of Finance
Downloads 523 (113,184)

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Market Liquidity, Funding Time, Secondary Market, Primary Market, P2P lending

10.

The Economics of Super Managers

AFA 2009 San Francisco Meetings Paper
Number of pages: 57 Posted: 05 Dec 2006 Last Revised: 14 May 2014
Nina Baranchuk, Glenn MacDonald and Jun Yang
University of Texas at Dallas - Naveen Jindal School of Management, Washington University in St. Louis - John M. Olin Business School and Indiana University - Kelley School of Business - Department of Finance
Downloads 483 (124,615)
Citation 13

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CEO compensation, incentive pay, product market, labor market, equilibrium

11.

Made in CEO Factories

Kelley School of Business Research Paper No. 15-13
Number of pages: 53 Posted: 14 Jan 2015 Last Revised: 10 Sep 2015
Ye Cai, Merih Sevilir and Jun Yang
Santa Clara University - Leavey School of Business, Halle Institute for Economic Research and Indiana University - Kelley School of Business - Department of Finance
Downloads 474 (127,401)
Citation 1

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General Managerial Skills; CEO Turnover; CEO Factories; Abnormal Announcement Returns

12.

Angry Borrowers: Ex-Post Effects of Social Shaming on Debt Repayment

PBCSF-NIFR Research Paper
Number of pages: 49 Posted: 09 Jul 2019 Last Revised: 11 Nov 2024
Li Liao, Zhengwei Wang, Hongjun Yan, Jun Yang and Congyi Zhou
Tsinghua University - PBC School of Finance, Tsinghua University - PBC School of Finance, DePaul University, Indiana University - Kelley School of Business - Department of Finance and Tsinghua University, PBC School of Finance, Students
Downloads 465 (130,372)
Citation 1

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Behavioral Finance, Social Shaming, Debt Collection, Reciprocity, Privacy Infringement

13.

Pay Me Now (and Later): Pension Benefit Manipulation before Plan Freezes and Executive Retirement

Downloads 464 (130,705)
Citation 4

Pay Me Now (and Later): Pension Benefit Manipulation before Plan Freezes and Executive Retirement

Best Paper Award - Melbourne Business School, 2016 Financial Institutions, Regulation & Corporate Governance (FIRCG) Conference, Journal of Financial Economics (JFE), 2018, Vol. 127, Pages 152-173, Netspar Discussion Paper No. 12/2014-096 - revised version October 2016, Kelley School of Business Research Paper No. 16-24
Number of pages: 52 Posted: 22 Feb 2016 Last Revised: 12 Aug 2022
Irina Stefanescu, Yupeng Wang, Kangzhen Xie and Jun Yang
Board of Governors of the Federal Reserve System, Massachusetts Institute of Technology (MIT) - Sloan School of Management, Seton Hall University, Stillman School of Business and Indiana University - Kelley School of Business - Department of Finance
Downloads 317 (198,924)
Citation 4

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Corporate governance; Executive annual bonuses; Defined benefit pension plans; Pension freezes; Executive retirement

Pay Me Now (and Later): Bonus Boosts Before Pension Freezes and Executive Departures

Kelley School of Business Research Paper No. 15-5
Number of pages: 43 Posted: 05 Dec 2014 Last Revised: 26 Aug 2015
Irina Stefanescu, Kangzhen Xie and Jun Yang
Board of Governors of the Federal Reserve System, Seton Hall University, Stillman School of Business and Indiana University - Kelley School of Business - Department of Finance
Downloads 147 (416,320)

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Defined benefit pension plans; SERP; Pension freeze; Executive bonuses

14.

Beating the Target: Performance Management Around the Annual Incentive Target

Kelley School of Business Research Paper No. 2014-19
Number of pages: 43 Posted: 04 Feb 2014 Last Revised: 26 Aug 2014
Daniel Sungyeon Kim and Jun Yang
Chung-Ang University - College of Business & Economics and Indiana University - Kelley School of Business - Department of Finance
Downloads 460 (132,080)
Citation 8

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Earnings management, Performance target, Annual incentive plan, Executive compensation

15.

Earnings Performance Targets in Annual Incentive Plans and Management Earnings Guidance

The Accounting Review, Forthcoming
Number of pages: 64 Posted: 14 Mar 2017 Last Revised: 12 Sep 2022
Xiumin Martin, Hojun Seo, Jun Yang, Daniel Sungyeon Kim and Jordan Martel
Washington University in Saint Louis - Olin School of Business, Purdue University, Indiana University - Kelley School of Business - Department of Finance, Chung-Ang University - College of Business & Economics and Indiana University Bloomington, Kelley School of Business
Downloads 400 (155,515)

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Annual Incentive Plans, Performance Targets, Management Earnings Guidance

16.

Renegotiation-Proof Contracting, Disclosure, and Incentives for Efficient Investment

AFA 2006 Boston Meetings
Number of pages: 34 Posted: 03 Feb 2005
Nina Baranchuk, Jun Yang and Philip H. Dybvig
University of Texas at Dallas - Naveen Jindal School of Management, Indiana University - Kelley School of Business - Department of Finance and Washington University in St. Louis - John M. Olin Business School
Downloads 397 (156,797)
Citation 1

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Investment efficiency, compensation disclosure, earnings forecasts, optimal contracting, renegotiation-proofness

17.

Thinking Fast, Not Slow: Evidence from Peer-to-Peer Lending

Kelley School of Business Research Paper No. 16-64, PBCSF-NIFR Research Paper
Number of pages: 52 Posted: 26 Aug 2016 Last Revised: 29 Oct 2020
Li Liao, Zhengwei Wang, Jia Xiang and Jun Yang
Tsinghua University - PBC School of Finance, Tsinghua University - PBC School of Finance, Tsinghua University - PBC School of Finance and Indiana University - Kelley School of Business - Department of Finance
Downloads 395 (157,681)

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Fast-thinking; Learning; P2P lending

18.

Compensation Contagion: The Role of Peer Benchmarking

Kelley School of Business Research Paper No. 17-67
Number of pages: 60 Posted: 05 Sep 2017
Gonul Colak, Jun Yang and Pengfei Ye
University of Sussex, Indiana University - Kelley School of Business - Department of Finance and Virginia Tech
Downloads 249 (257,474)
Citation 1

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CEO Compensation, Pay Contagion, Compensation Peers, S&P 500 Recomposition

19.

Inattention, Forced Exercise, and the Valuation of Executive Stock Options

Number of pages: 24 Posted: 17 Mar 2008 Last Revised: 14 May 2014
Hong Liu, Ohad Kadan and Jun Yang
Washington University in St. Louis - Olin Business School, Washington University in St. Louis - John M. Olin Business School and Indiana University - Kelley School of Business - Department of Finance
Downloads 231 (277,053)

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Executive Stock Options, Valuation

20.

A Critical Long View of Capital Markets and Institutions: Realized Returns from Corporate Assets, 1950-2003

Number of pages: 45 Posted: 14 Mar 2006
James S. Ang, Gregory Leo Nagel and Jun Yang
Florida State University, Middle Tennessee State University and Indiana University - Kelley School of Business - Department of Finance
Downloads 215 (296,666)
Citation 1

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Realized returns, long-term performance

21.

Timing of Effort and Reward: Three-Sided Moral Hazard in a Continuous-Time Model

Number of pages: 39 Posted: 16 Mar 2006 Last Revised: 14 May 2014
Jun Yang
Indiana University - Kelley School of Business - Department of Finance
Downloads 214 (298,053)
Citation 4

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Optimal Contract, Incentives, Three-sided moral hazard, Continuous time

22.

Why Do Independent Directors Stay on Board?

Number of pages: 65 Posted: 12 Aug 2022 Last Revised: 02 Mar 2025
Messod D. Beneish, Kai Lu, Zhengwei Wang and Jun Yang
Indiana University - Kelley School of Business - Department of Accounting, Shanghai University of Finance and Economics, Tsinghua University - PBC School of Finance and Indiana University - Kelley School of Business - Department of Finance
Downloads 211 (302,015)

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independent director board service, talent retention, director dissent, restatement, auditor switching, D&O insurance

23.

Attention to Detail and Entrepreneurial Success

PBCSF-NIFR Research Paper Forthcoming
Number of pages: 52 Posted: 10 Aug 2022
Jinglin Jiang, Li Liao, R Stevenson, Zhengwei Wang and Jun Yang
Tsinghua University - PBC School of Finance, Tsinghua University - PBC School of Finance, Indiana University: Kelley School of Business, Tsinghua University - PBC School of Finance and Indiana University - Kelley School of Business - Department of Finance
Downloads 187 (337,839)

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Entrepreneurial financing, Attention to detail, Crowdfunding, Kickstarter

24.

Trust in Crowdfunding: Experimental Evidence from a Fundraising Campaign

Number of pages: 71 Posted: 02 Feb 2022
Ha Diep-Nguyen and Jun Yang
Purdue University, Krannert School of Management and Indiana University - Kelley School of Business - Department of Finance
Downloads 183 (344,621)

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trust, trustworthiness, crowdfunding, donations

25.

What If Borrowers Were Informed about Credit Reporting? Two Natural Field Experiments

Kelley School of Business Research Paper No. 18-48, The Accounting Review, 98(3):397–425
Number of pages: 61 Posted: 16 Jun 2019 Last Revised: 31 May 2023
Li Liao, Xiumin Martin, Ni Wang, Zhengwei Wang and Jun Yang
Tsinghua University - PBC School of Finance, Washington University in Saint Louis - Olin School of Business, The Quant Group, Tsinghua University - PBC School of Finance and Indiana University - Kelley School of Business - Department of Finance
Downloads 118 (494,150)
Citation 3

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Credit reporting, Loan take-up, Default, Incentive, Selection, Field experiment

26.

Contracting with Cost Synergies: Continuous-Time Double-Sided Moral Hazard

Journal of Economic Dynamics and Control, Volume 168, 104971.
Number of pages: 63 Posted: 12 Feb 2018 Last Revised: 11 Nov 2024
Nian Yang, Jun Yang, Yu Chen and Yu Chen
Nanjing University - School of Business, Indiana University - Kelley School of Business - Department of Finance and Nanjing University - School of EconomicsDepartment of Economics, Indiana University
Downloads 91 (592,756)

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27.

Subjective Expectations and Financial Intermediation

HKU Jockey Club Enterprise Sustainability Global Research Institute Paper No. 2025/008
Number of pages: 88 Posted: 17 Jan 2025 Last Revised: 26 Feb 2025
Francesco D'Acunto, Janet Gao, Lu Liu, Kai Lu, Zhengwei Wang and Jun Yang
Georgetown University, McDonough School of Business, Central University of Finance and Economics (CUFE), Shanghai University of Finance and Economics, Tsinghua University - PBC School of Finance and Indiana University - Kelley School of Business - Department of Finance
Downloads 87 (609,232)

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Credit Supply, Financial Frictions, Behavioral Macroeconomics, Behavioral Finance, Monetary Policy, Banking, Micro-to-Macro, Randomized Control Trials, Surveys

Other Papers (1)

Total Downloads: 108
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1.

The Role of Regulation and Technology in Segmenting Primary Markets and Security Flipping

Number of pages: 67 Posted: 08 Nov 2018 Last Revised: 20 Jun 2023
Shyam Venkatesan, Brian Wolfe, Jun Yang and Woongsun Yoo
Ivey Business School, Western University, University of Texas at San Antonio, Indiana University - Kelley School of Business - Department of Finance and Central Michigan University
Downloads 108

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IPO underpricing, Marketplace lending, Peer-to-peer lending, FinTech, financial regulation, technology, arms race