Yao Shen

Education

Ph.D., Finance, Boston College Chestnut Hill MA

MSc, Finance, University of British Columbia Vancouver Canada

B.A., Finance, Renmin University of China Beijing China

Journal Articles

Chemmanur, T., Shen, Y., & Xie, J. (2023). Innovation beyond Firm Boundaries: Strategic Alliances and Corporate Innovation. Journal of Corporate Finance, 80.

Grundfest, J. A., Malenko, N., & Shen, Y. (2023). Quadrophobia: Strategic rounding of EPS data. Journal of Financial and Quantitative Analysis, 58(8). 3231-3273.

Shen, Y., Shan, Y., & Allen, L. (2023). Do FinTech Lenders Fill the Credit Gap? Evidence from Local Mortgage Demand Shocks. Journal of Financial and Quantitative Analysis, 58(8). 3342-3383.

Malenko, N., & Shen, Y. (2016). The Role of Proxy Advisory Firms: Evidence from a Regression-Discontinuity Design. Review of Financial Studies, 29(12). 3394-3427.

Presentations

Hazarika, S., Kashikar, A., Peng, L., Röell, A., & Shen, Y. (2024, January 27). ESG-linked Pay Around the World—Trends, Determinants, and Outcomes. American Finance Association (AFA) Annual Meeting.

Chang, Y., Reeb, D., Shen, Y., & Xie, J. Executive Compensation Benchmarking and Share Repurchases. Midwest Financial Association (MFA) Annual Meeting.

Shen, Y., Xie, J., & Li, X. (2021, May 1). Managers’ Outside Job Opportunities and Shareholder Voting on Executive Compensation: Evidence from the Inevitable Disclosure Doctrine Rejection. Financial Management Association (FMA) Annual Meeting. In Progress.

Shen, Y., Peng, L., Hazarika, S., Kashikar, A., & Roell, A. Trends, Determinants, and Effects of ESG-linked Pay Around the World. CICF.

Shen, Y., Peng, L., Hazarika, S., Kashikar, A., & Roell, A. Trends, Determinants, and Effects of ESG-linked Pay Around the World. AEA annual meeting.

Shen, Y., Xie, J., & Li, X. (2024, June 27). Shareholder voting and CEO pay: Evidence from Rejection of the Inevitable Disclosure Doctrine. Asian FA Annual Meeting. Hong Kong

Shen, Y., Chang, Y., Reeb, D., & Xie, J. Executive Compensation Benchmarking and Share Repurchases. 2022 FMA annual meeting.

Shen, Y., Xie, J., & Li, X. (2024, June 27). Shareholder voting and CEO pay: Evidence from Rejection of the Inevitable Disclosure Doctrine. International Conference of the JIAR.

Shen, Y., Reeb, D., Xie, J., & Chang, Y. (2024, June 27). Executive Compensation Benchmarking and Share Repurchases . Asian FA Annual Meeting. Hong Kong

Shen, Y., Peng, L., Hazarika, S., Kashikar, A., & Roell, A. Trends, Determinants and Effects of ESG-linked Pay around the World. 8th Paris Financial Management Conference (PFMC-2022).

Shen, Y., Allen, L., & Shan, Y. (2021, June 23). Do FinTech Mortgage Lenders Fill the Credit Gap? Evidence from Natural Disasters. IBEFA Summer Meeting. Virtual: International Banking, Economics, and Finance Association.

Shen, Y., Allen, L., & Shan, Y. (2021, July 8). Do FinTech Mortgage Lenders Fill the Credit Gap? Evidence from Natural Disasters. 2021 China International Conference in Finance (CICF).

Shen, Y., Allen, L., & Shan, Y. (2019, October 31). Do FinTech Lenders Fill the Credit Gap? Evidence from Local Mortgage Demand Shocks. Financial Management Association (FMA) Annual Meeting. New Orleans, LA: Financial Management Association.

Shen, Y., Allen, L., & Shan, Y. (2019, September 14). Do FinTech Lenders Fill the Credit Gap? Evidence from Local Mortgage Demand Shocks. NFA Annual Conference. Vancouver, Canada: Northern Finance Association.

Shen, Y., Wang, J., Wang, Q., & Liu, Y. (2019, July 8). Passive Institutional Investors and Corporate Innovation. The 31st Asian Finance Association Annual Meeting. Ho Chi Minh City, Vietnam: Asian Finance Association.

Shen, Y., Allen, L., & Shan, Y. (2019, June 13). Do Fintech Lenders Fill the Credit Gap? Evidence from Local Mortgage Demand Shocks. 2019 FMA European Conference. Glasgow, Scotland

Shen, Y. (2018, May 25). Discussion of "How Are Shareholder Votes and Trades Related?". 4th Annual UConn Financial Risk Conference: Advances in Investments and Pensions Research. Hartford, CT: University of Connecticut.

Shen, Y. (2018, July 31). Discussion of "FinTech Credit and Service Quality: Evidence from Alibaba Online Merchants". China International Conference in Finance (CICF). Tianjin, China

Shen, Y. (2018, November 8). Passive Institutional Investors and Corporate Innovation. Seminar at Rutgers University. New Brunswick, NJ: Finance Department, Rutgers University.

Shen, Y. (2018, October 11). How Do Rating Agencies Respond to Financial Market Innovation? Evidence from CDS Introduction. FMA 2018 Annual Meeting. San Diego: Financial Management Association.

Shen, Y. (2018, July 31). Discussion of "Management (of) Proposals". China International Conference in Finance (CICF).

Shen, Y., Chemmanur, T., & Xie, J. (2017, January 31). Innovation beyond Firm Boundaries: Common Blockholders, Strategic Alliances, and Corporate Innovation. AFA Annual Meeting. Chicago, IL: American Finance Association.

Shen, Y. (2017, October 14). Discussion of "Analysts’ Forecasts: Bond Analysts versus Equity Analysts". FMA Annual Meeting. Boston, MA: FMA.

Shen, Y. (2017, July 13). Discussion of 'Integrity, Creativity, and Corporate Culture'. China International Conference in Finance (CICF). Hangzhou, China

Shen, Y. (2017, October 13). Discussion of "Information and Liquidity of OTC Securities: Evidence from Public Registration of Private Debt". FMA Annual Meeting. Boston, MA: FMA.

Shen, Y., Chemmanur, T., & Xie, J. (2016, October 22). Innovation beyond Firm Boundaries: Common Blockholders, Strategic Alliances, and Corporate Innovation. FMA Annual Meeting. Las Vegas, NV: Financial Management Association.

Shen, Y., Xie, J., & Chemmanur, T. (2016, June 28). Innovation beyond Firm Boundaries: Common Blockholders, Strategic Alliances, and Corporate Innovation. Asian Finance Association Annual Conference. Bangkok, Thailand

Shen, Y. (2016, October 20). Discussion of "The Impact of S&P 500 Index Revisions on the Credit Default Swap Market". FMA Annual Meeting. Las Vegas

Shen, Y., & Malenko, N. (2015, May 15). The Role of Proxy Advisory Firms: Evidence from a Regression-Discontinuity Design. OSU Corporate Finance Conference. : Ohio State University.

Shen, Y., & Malenko, N. (2015, May 31). The Role of Proxy Advisory Firms: Evidence from a Regression-Discontinuity Design. SFS Finance Cavalcade. Atlanta, GA

Shen, Y., & Malenko, N. (2015, April 30). The Role of Proxy Advisory Firms: Evidence from a Regression-Discontinuity Design. Texas Finance Festival. Austin, Texas

Shen, Y., & Malenko, N. (2015, August 2). The Role of Proxy Advisory Firms: Evidence from a Regression-Discontinuity Design. University of Oregon Summer Finance Conference. : University of Oregon.

Hazarika, S., Kashikar, A., Peng, L., Roell, A., & Shen, Y. ESG-linked Pay Around the World: Trends, Determinants, and Outcomes. 2023 Conference on Empirical Legal Studies.

Other Scholarly Works

Research Currently in Progess

Shen, Y., & Xie, J.(n.d.). Distracted Shareholders and Investment-Q Sensitivity. In Progress.

Shen, Y., & Xie, J.(n.d.). Analyst recommendations and mutual fund voting: Evidence from shareholder-sponsored corporate governance proposals. In Progress.

Shen, Y., & Xie, J.(n.d.). Peer Effects of "Traveling Activism". In Progress.