Finance

Jimmy Yang

Professor
jimmy.yang@bus.oregonstate.edu

Office: 541-737-6005

Austin Hall

Austin Hall 426

2751 SW Jefferson Way

2751 SW Jefferson Way
Corvallis, OR 97331

Profile Field Tabs

At OSU
Affiliated with: 
College of Business
Research/Career Interests: 

Jimmy Yang is a Professor of Finance in the College of Business. He currently teaches courses in Corporate Finance and International Financial Management. His research has focused on market stabilization mechanisms, international financial markets, and equity offerings.

Beyond OSU
Education: 

Ph.D. University of Cincinnati (2003)
Finance                            

MBA Saint Louis University (1997)               
Finance  

BA National Chung Hsing University (1993)
Public Finance  

Employment: 
  • Professor, College of Business, Oregon State University (2015 - present)
  • Associate Professor, College of Business, Oregon State University (2009 - 2015)
  • Assistant Professor, College of Business, Oregon State University (2003 - 2009)
  • Instructor, College of Business Administration, University of Cincinnati (2001 - 2002)

 

Professional Affiliations: 
  • American Finance Association
  • Financial Management Association
  • Western Finance Association
Honors and Awards: 
  • Toomey Faculty Fellow, COB, Oregon State University (2012-2014)
  • Faculty International Grant, International Programs, Oregon State University (2013)
  • International Programs Faculty Grant, Oregon State University (2011, 2012)
  • Newcomb Fellowship, COB, Oregon State University (2009)
  • Gazette-Times Faculty Leadership Award, COB, Oregon State University (2009)
  • Outstanding Faculty Service Award, COB, Oregon State University (2007, 2008)
  • Summer Research Fellowships, COB, Oregon State University (2004, 2005, 2006, 2008, 2009, 2010, 2013)
  • University Distinguished Dissertation Fellowship for Behavioral & Social Sciences, University of Cincinnati (2002-2003)
  • University Graduate Scholarships, University of Cincinnati (1998-2002)
  • Summer Research Fellowships, University of Cincinnati (2000)
My Publications

Journal Articles


H. - G. Huang, Tsai, W. - C., Weng, P. - S., and Yang, J., “Intraday Momentum in the VIX Futures Market”, Journal of Banking & Finance, vol. 148, p. 106746, 2023.

J. Deng and Yang, J., “Corporate Reputation and Hedging Activities”, Accounting and Finance, 2022.

W. Hung, Lin, C. - T., and Yang, J., “Aggregate 52-week high, limited attention, and time-varying momentum profits”, Journal of Banking & Finance, vol. 141, p. 106531, 2022.

J. - C. Hung, Liu, H. - C., and Yang, J., “Does the tail risk index matter in forecasting downside risk?”, International Journal of Finance and Economics, pp. 1-16, 2022.

Y. Fang, Yuan, J., Yang, J., and Ying, S., “Crash-Based Quantitative Trading Strategies: Perspective of Behavioral Finance”, Finance Research Letters, vol. 45, p. 102185, 2022.

C. - C. Teng and Yang, J., “Media exposure on corporate social irresponsibility and firm performance”, Pacific-Basin Finance Journal, vol. 68, 2021.

H. - I. Ting, Wang, M. - C., Yang, J., and Tuan, K. - W., “Technical expert CEOs and corporate innovation”, Pacific-Basin Finance Journal, vol. 68, 2021.

J. - C. Hung, Liu, H. - C., and Yang, J., “Trading activity and price discovery in Bitcoin futures markets”, Journal of Empirical Finance, vol. 62, no. June, pp. 107-120, 2021.

R. Chou, Wang, Y. - C., and Yang, J., “Share Pledging, Payout Policy, and the Value of Cash Holdings”, Journal of Empirical Finance, vol. 61, no. March, pp. 18-33, 2021.

Y. - L. Chen and Yang, J., “Trader Positions in VIX Futures”, Journal of Empirical Finance, vol. 61, no. March, pp. 1-17, 2021.

C. - C. Teng, Li, S., and Yang, J., “Family control, external governance mechanisms, and dividend payouts”, Quarterly Review of Economics and Finance, vol. 79, pp. 198-209, 2021.

J. - C. Hung, Liu, H. - C., and Yang, J., “Improving the realized GARCH's volatility forecast for Bitcoin with jump-robust estimators”, North American Journal of Economics and Finance, vol. 52, pp. 101-165, 2020.

Y. - K. Chang, Chou, R. K., and Yang, J., “A rare move: the effects of switching from a closing call auction to a continuous trading”, The Journal of Futures Markets, vol. 40, no. 3, pp. 308-328, 2020.

K. - S. Chen and Yang, J., “Housing Price Dynamics, Mortgage Credit and Reverse Mortgage Demand: Theory and Empirical Evidence”, Real Estate Economics, vol. 48, no. 2, pp. 599-632, 2020.

W. Hung and Yang, J., “The MAX Effect: Lottery Stocks with Price Limits and Limits to Arbitrage”, Journal of Financial Markets, vol. 41, pp. 77-91, 2018.

C. - C. Teng and Yang, J., “Chinese Lunar New Year Effect, Investor Sentiment, and Market Deregulation”, Finance Research Letters, vol. 27, pp. 175-184, 2018.

R. Brooks, Kim, Y. H., and Yang, J., “What makes when-issued trading attractive to financial markets?”, Financial Markets, Institutions and Instruments, vol. 23, no. 5, pp. 245-271, 2014.

R. Brooks, Mathew, P., and Yang, J., “When-issued trading in the Indian IPO market”, Journal of Financial Markets, vol. 19, pp. 170-196, 2014.

D. Berger, Pukthuanthong, K., and Yang, J., “Is the diversification benefit of frontier markets realizable by mean-variance investors? The evidence of investable funds”, Journal of Portfolio Management, vol. 39, pp. 36-48, 2013.

L. Dang and Yang, J., “The choice between rights and underwritten equity offerings: Evidence from Chinese Stock Markets”, Journal of Multinational Financial Management, vol. 23, no. 3, pp. 235-253, 2013.

K. Kim, Liu, H., and Yang, J., “Reconsidering Price Limit Effectiveness”, Journal of Financial Research, vol. 36, no. 4, pp. 493-518, 2013.

R. Brooks and Yang, J., “Emerging from bankruptcy with when-issued trading”, Financial Review, vol. 47, pp. 445-467, 2012.

D. Berger, Pukthuanthong, K., and Yang, J., “International diversification with frontier markets”, Journal of Financial Economics, vol. 101, no. 1, pp. 227-242, 2011.

Y. Liu and Yang, J., “Private Debt, Unused Credit Lines, and Seasoned Equity Offerings”, Quarterly Review of Economics and Finance, vol. 51, no. 4, pp. 376-388, 2011.

J. Elston and Yang, J., “Venture Capital, Ownership Structure, Accounting Standards and IPO Underpricing: Evidence from Germany”, Journal of Economics and Business, vol. 62, no. Special Issue, pp. 517-536, 2010.

P. - H. Hsieh, Kim, Y. H., and Yang, J., “The magnet effect of price limits: a logit approach”, Journal of Empirical Finance, vol. 16, no. 5, pp. 830-837, 2009.

P. - H. Hsieh and Yang, J., “A censored stochastic volatility approach to the estimation of price limit moves”, Journal of Empirical Finance, vol. 16, no. 2, pp. 337-351, 2009.

Y. H. Kim and Yang, J., “Effect of price limits: initial public offerings versus seasoned equities”, International Review of Finance, vol. 9, no. 3, pp. 295-318, 2009.

Y. H. Kim and Yang, J., “The Effect of Price Limits on Intraday Volatility and Information Asymmetry”, Pacific-Basin Finance Journal, vol. 16, no. 5, pp. 522-538, 2008.

Y. H. Kim, Yague, J., and Yang, J., “Relative Performance of Trading Halts and Price Limits: Evidence from the Spanish Stock Exchange”, International Review of Economics and Finance, vol. 17, no. 2, pp. 197-215, 2008.

R. Brooks and Yang, J., “Teaching an Old Dog New Tricks: Using the Dividend Growth Model in Financial Planning”, Journal of Economics and Finance Education, vol. 6, no. 2, pp. 65-73, 2007.

Y. H. Kim and Yang, J., “What makes circuit breakers attractive to financial markets? A survey”, Financial Markets, Institutions and Instruments, vol. 13, no. 3, pp. 109-146, 2004.

Presentations


W. Hung, Lin, C. - T., and Yang, J., “Aggregate 52-week high, limited attention, and time-varying momentum profits”, Research Seminar. Victoria, Canada, 2022.

J. Yang, Lin, K. C., and Johnson, S., “The cost of corporate social irresponsibility”, Finance Seminar. Taiwan, 2016.

J. Yang, Lin, K. C., and Johnson, S., “The cost of corporate social irresponsibility”, Entrepreneurship Society Seminar. Taiwan, 2016.

J. Yang, Lin, K. C., and Johnson, S., “The cost of corporate social irresponsibility”, Finance Seminar. Taiwan, 2016.

J. Yang, Lin, K. C., and Johnson, S., “The cost of corporate social irresponsibility”, Finance Seminar. Taiwan, 2016.

J. Yang and Luo, Y., “A model of price limits on individual stocks”, Finance Seminar. Taiwan, 2015.

J. Yang and Lin, K. C., “The cost of corporate social irresponsibility”, Finance Seminar. Taiwan, 2015.

J. Yang and Lin, K. C., “The cost of corporate social irresponsibility”, Finance Seminar. Taiwan, 2015.

J. Yang, “Empirical Financial Studies and Policy Implications”, 3rd Global Economy and Governance International Conference. Taipei, 2015.

J. Yang and Luo, Y., “A model of price limits on individual stocks”, World Finance Conference. Buenos Aires, 2015.

J. Yang, “When-issued trading in the Indian IPO market”, Finance Seminar at National Chengchi University. Taiwan, 2012.

J. Yang, “Reconsidering Price Limit Effectiveness”, 2011 Asian Finance Association meeting. Macao, 2011.

J. Yang, “Reconsidering Price Limit Effectiveness”, Finance seminar at University of New South Wales. Sydney, Australia, 2011.

J. Yang, “The choice between rights and underwritten equity offerings: Evidence from Chinese stock markets”, 2011 FMA Asian Conference. Queenstown, New Zealand, 2011.

D. Berger, Pukthuanthong, K., and Yang, J., “International diversification with frontier markets”, NTU Seminar. Taipei, 2010.

D. Berger, Yang, J., and Pukthuanthong, K., “International Diversification with Frontier Markets”, Financial Management Association. New York, New York, 2010.

R. Brooks and Yang, J., “Emerging from Bankruptcy with When-Issued Trading”, Financial Management Association annual meeting. Dallas, 2008.

J. Yang and Elston, J., “The Impact of Accounting Standards and Ownership Structure on IPO Underpricing: Evidence from Germany's Neuer Markt”, Academy of Entrepreneurial Finance. Las Vegas, NV, 2008.

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