Baozhong Yang

Georgia State University - Robinson College of Business

H. Talmage Dobbs Jr. Associate Professor of Finance

35 Broad Street

Atlanta, GA 30303-3083

United States

http://sites.google.com/view/baozhongyang/

  • Georgia State University - Robinson College of Business

    • Email
    • Tel: 404-413-7350
    • Fax: 404-413-7312
SCHOLARLY PAPERS

18

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16,590

SSRN CITATIONS
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SSRN RANKINGS

Top 3,213

in Total Papers Citations

163

CROSSREF CITATIONS

251

Scholarly Papers (18)

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1.

The Mystery of Zero-Leverage Firms

Downloads 2,758 ( 6,749)
Citation 106

The Mystery of Zero-Leverage Firms

Number of pages: 61 Posted: 14 Mar 2006 Last Revised: 10 Apr 2013
Ilya A. Strebulaev and Baozhong Yang
Stanford University - Graduate School of Business and Georgia State University - Robinson College of Business
Downloads 2,407 (8,202)
Citation 5

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Leverage, debt financing, capital structure, zero leverage, financing decisions, low-leverage puzzle

The Mystery of Zero-Leverage Firms

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 61 Posted: 06 Apr 2013
Ilya A. Strebulaev and Baozhong Yang
Stanford University - Graduate School of Business and Georgia State University - Robinson College of Business
Downloads 291 (146,392)

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Leverage, Debt financing, Capital structure, Zero leverage, Financing

The Mystery of Zero-Leverage Firms

NBER Working Paper No. w17946
Number of pages: 43 Posted: 31 Mar 2012 Last Revised: 16 Jul 2022
Ilya A. Strebulaev and Baozhong Yang
Stanford University - Graduate School of Business and Georgia State University - Robinson College of Business
Downloads 60 (490,374)
Citation 28

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2.

How to Talk When a Machine is Listening? Corporate Disclosure in the Age of AI

Downloads 2,162 ( 9,931)
Citation 1

How to Talk When a Machine is Listening? Corporate Disclosure in the Age of AI

Number of pages: 82 Posted: 14 Sep 2020 Last Revised: 20 Jun 2022
Sean Cao, Wei Jiang, Baozhong Yang and Alan L. Zhang
University of Maryland - Robert H. Smith School of Business, Emory University Goizueta Business School, Georgia State University - Robinson College of Business and Florida International University (FIU)
Downloads 2,140 (9,919)
Citation 2

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Machine Learning, AI, Corporate Disclosure, Textual Analysis, Speech Analysis, Feedback Effect

How to Talk When a Machine is Listening?: Corporate Disclosure in the Age of Ai

NBER Working Paper No. w27950
Number of pages: 59 Posted: 19 Oct 2020 Last Revised: 24 Jul 2022
Sean Cao, Wei Jiang, Baozhong Yang and Alan L. Zhang
University of Maryland - Robert H. Smith School of Business, Emory University Goizueta Business School, Georgia State University - Robinson College of Business and Florida International University (FIU)
Downloads 22 (707,580)

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3.

How Valuable Is FinTech Innovation?

Review of Financial Studies, Forthcoming
Number of pages: 58 Posted: 29 Jan 2018 Last Revised: 07 Oct 2018
Mark A. Chen, Qinxi Wu and Baozhong Yang
Georgia State University - Robinson College of Business, Baylor University - Hankamer School of Business and Georgia State University - Robinson College of Business
Downloads 2,117 (10,282)
Citation 23

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FinTech, innovation, patents, valuation, abnormal returns, machine learning, text analysis, text classification, market leader, market follower, disruption

4.

Financial Reporting and Blockchains: Audit Pricing, Misstatements, and Regulation

Number of pages: 57 Posted: 25 Sep 2018 Last Revised: 26 Jun 2019
Sean Cao, Lin William Cong and Baozhong Yang
University of Maryland - Robert H. Smith School of Business, Cornell University - Samuel Curtis Johnson Graduate School of Management and Georgia State University - Robinson College of Business
Downloads 2,088 (10,533)
Citation 27

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Auditor Risk and Sampling, Collaborative Auditing, Distributed Ledger Technology, FinTech, PCAOB PCAOB, RegTech, Technology Adoption, Zero-Knowledge Proof.

5.

From Man vs. Machine to Man + Machine: The Art and AI of Stock Analyses

Downloads 1,899 ( 12,288)

From Man vs. Machine to Man + Machine: The Art and AI of Stock Analyses

Columbia Business School Research Paper
Number of pages: 64 Posted: 06 May 2021 Last Revised: 07 Jul 2022
Sean Cao, Wei Jiang, Junbo L. Wang and Baozhong Yang
University of Maryland - Robert H. Smith School of Business, Emory University Goizueta Business School, Louisiana State University, Baton Rouge and Georgia State University - Robinson College of Business
Downloads 1,887 (12,177)

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Artificial Intelligence; Machine Learning; FinTech; Stock Analyst; Alternative Data; Disruptive Innovation

From Man vs. Machine to Man + Machine: The Art and Ai of Stock Analyses

NBER Working Paper No. w28800
Number of pages: 52 Posted: 17 May 2021 Last Revised: 24 Jul 2022
Sean Cao, Wei Jiang, Junbo L. Wang and Baozhong Yang
University of Maryland - Robert H. Smith School of Business, Emory University Goizueta Business School, Louisiana State University, Baton Rouge and Georgia State University - Robinson College of Business
Downloads 12 (799,064)
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6.

Uncovering Hedge Fund Skill from the Portfolio Holdings They Hide

Journal of Finance, Forthcoming
Number of pages: 78 Posted: 21 Mar 2011 Last Revised: 14 Nov 2013
Vikas Agarwal, Wei Jiang, Yuehua Tang and Baozhong Yang
Georgia State University, Emory University Goizueta Business School, University of Florida - Department of Finance and Georgia State University - Robinson College of Business
Downloads 1,832 (13,000)
Citation 40

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Confidential treatment, ownership disclosure, 13F holdings, hedge funds

7.

Analyzing Textual Information at Scale

Number of pages: 34 Posted: 17 Sep 2019 Last Revised: 09 Dec 2019
Lin William Cong, Tengyuan Liang, Baozhong Yang and Xiao Zhang
Cornell University - Samuel Curtis Johnson Graduate School of Management, University of Chicago - Booth School of Business, Georgia State University - Robinson College of Business and University of Chicago - Booth School of Business
Downloads 723 (50,144)
Citation 3

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Big Data, Machine Learning, Text-based Analysis, Topic Models, Unstructured Data, Word Embedding

8.

Mandatory Portfolio Disclosure, Stock Liquidity, and Mutual Fund Performance

Journal of Finance, Forthcoming
Number of pages: 97 Posted: 07 May 2013 Last Revised: 10 May 2014
Vikas Agarwal, Kevin Mullally, Yuehua Tang and Baozhong Yang
Georgia State University, University of Central Florida, University of Florida - Department of Finance and Georgia State University - Robinson College of Business
Downloads 546 (72,039)
Citation 4

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Portfolio disclosure, Stock liquidity, Mutual funds, Fund performance

9.

Copycat Skills and Disclosure Costs: Evidence from Peer Companies’ Digital Footprints

Downloads 482 ( 83,735)

Copycat Skills and Disclosure Costs: Evidence from Peer Companies’ Digital Footprints

Journal of Accounting Research, Forthcoming
Number of pages: 54 Posted: 08 Nov 2018 Last Revised: 30 Apr 2021
Sean Cao, Kai Du, Baozhong Yang and Alan L. Zhang
University of Maryland - Robert H. Smith School of Business, Pennsylvania State University, Georgia State University - Robinson College of Business and Florida International University (FIU)
Downloads 482 (82,969)
Citation 1

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Copycat, Disclosure, SEC EDGAR, Hedge Fund, Investment Company, Investment Research, Proprietary Cost, Big Data

Copycat Skills and Disclosure Costs: Evidence from Peer Companies’ Digital Footprints

Journal of Accounting Research, Volume 59, Issue 4
Posted: 20 Sep 2021
Sean Cao, Kai Du, Baozhong Yang and Alan L. Zhang
University of Maryland - Robert H. Smith School of Business, Pennsylvania State University, Georgia State University - Robinson College of Business and Florida International University (FIU)

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copycat; disclosure; SEC EDGAR; hedge fund; investment company; investment research; proprietary cost; big data

10.

Communication and Comovement: Evidence from Online Stock Forums

Downloads 355 (119,150)
Citation 1

Communication and Comovement: Evidence from Online Stock Forums

Number of pages: 59 Posted: 16 Feb 2015 Last Revised: 22 May 2018
Lei Jiang, Jinyu Liu and Baozhong Yang
Tsinghua University, University of International Business and Economics (UIBE) - School of Banking and Finance and Georgia State University - Robinson College of Business
Downloads 280 (152,290)
Citation 1

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Comovement; Asset Returns; Communication

Communication and Comovement: Evidence from Online Stock Forums

Second Annual Volatility Institute at NYU Shanghai (VINS) 2016
Number of pages: 66 Posted: 30 Jun 2016
Lei Jiang, Jinyu Liu and Baozhong Yang
Tsinghua University, University of International Business and Economics (UIBE) - School of Banking and Finance and Georgia State University - Robinson College of Business
Downloads 75 (435,706)
Citation 1

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Comovement; Asset Returns; Communication

11.

Dynamic Capital Structure with Heterogeneous Beliefs and Market Timing

Journal of Corporate Finance, Forthcoming
Number of pages: 54 Posted: 01 Jan 2011 Last Revised: 27 Jun 2013
Baozhong Yang
Georgia State University - Robinson College of Business
Downloads 344 (123,336)
Citation 3

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capital structure, heterogeneous beliefs, market timing, zero-debt firms, debt conservatism

12.

Dynamic Prudential Regulation

Forthcoming in Management Science
Number of pages: 62 Posted: 24 Nov 2011 Last Revised: 03 Mar 2019
Ajay Subramanian and Baozhong Yang
Georgia State University and Georgia State University - Robinson College of Business
Downloads 336 (126,543)
Citation 2

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capital requirements, asset substitution, debt overhang, bank bailouts, prudential regulation

13.

Do Hedge Funds Strategically Misreport Their Holdings? Evidence from 13F Restatements

Number of pages: 62 Posted: 20 Aug 2021 Last Revised: 21 Jun 2022
Sean Cao, Zhi Da, Daniel Jiang and Baozhong Yang
University of Maryland - Robert H. Smith School of Business, University of Notre Dame - Mendoza College of Business, University of Waterloo - School of Accounting and Finance and Georgia State University - Robinson College of Business
Downloads 328 (130,289)

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Strategic Disclosure, Hedge Funds, Ownership Disclosure, 13F Holdings, Restatement, Fund Skill

14.

Optimal Dynamic Risk Taking

Downloads 248 (172,670)

Optimal Dynamic Risk Taking

Number of pages: 54 Posted: 04 Jun 2012 Last Revised: 21 Sep 2016
Ajay Subramanian and Baozhong Yang
Georgia State University and Georgia State University - Robinson College of Business
Downloads 194 (217,310)

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dynamic project choices, stochastic control, stochastic switching, dynamic risk management, asset substitution

Optimal Dynamic Risk Taking

Mathematics of Operations Research, Forthcoming
Number of pages: 54 Posted: 03 Jul 2016 Last Revised: 21 Sep 2016
Ajay Subramanian and Baozhong Yang
Georgia State University and Georgia State University - Robinson College of Business
Downloads 54 (515,427)

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dynamic project choices, stochastic control, stochastic switching, dynamic risk management

15.

Deep Learning Mutual Fund Disclosure: Risk Sentiment, Risk Taking, and Performance

Number of pages: 47 Posted: 18 Apr 2022
Sean Cao, Baozhong Yang and Alan L. Zhang
University of Maryland - Robert H. Smith School of Business, Georgia State University - Robinson College of Business and Florida International University (FIU)
Downloads 181 (230,853)

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Deep Learning, Machine Learning, Mutual Fund, Disclosure, Textual Analysis, Sentiment

16.

Blockchains, Smart Contracts, and Supply Chain Efficiency

Number of pages: 44 Posted: 28 Mar 2022 Last Revised: 11 Jul 2022
Hongguang Ma, Yusen Xia and Baozhong Yang
affiliation not provided to SSRN, Georgia State University - Robinson College of Business and Georgia State University - Robinson College of Business
Downloads 73 (437,094)

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Blockchain, Smart Contracts, Supply Chain, FinTech, Real-Time Data, Random Yield, Supply Chain Coordination, Product Competition, Product Substitutability

17.

Product Variety and Asset Pricing

Number of pages: 48 Posted: 07 Dec 2014 Last Revised: 07 Aug 2020
Florin Bidian, Ajay Subramanian and Baozhong Yang
Amazon, Georgia State University and Georgia State University - Robinson College of Business
Downloads 66 (460,809)

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product variety, imperfect substitutability, equity premium, risk-free rate puzzle

18.

Communication, Excess Comovement and Factor Structures

Downloads 52 (515,563)

Communication, Excess Comovement and Factor Structures

Journal of Business Finance and Accounting, Forthcoming
Number of pages: 28 Posted: 21 Nov 2011 Last Revised: 29 Jun 2013
Baozhong Yang
Georgia State University - Robinson College of Business
Downloads 52 (524,477)

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communication, excess comovement, factor structure

Communication, Excess Comovement and Factor Structures

Journal of Business Finance & Accounting, Vol. 40, Issue 9-10, pp. 1304-1325, 2013
Number of pages: 22 Posted: 18 Dec 2013
Baozhong Yang
Georgia State University - Robinson College of Business
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communication, excess comovement, factor structure