Joanna (Xiaoyu) Wang
Assistant Professor
HSBC Business School
Peking University
About me
I am an assistant professor at Peking University HSBC Business School since Fall 2023. I completed my Ph.D. degree in Finance at J. Mack Robinson College of Business, Georgia State University. My research broadly focuses on corporate finance, mergers and acquisitions (M&As), and FinTech. My research has been presented at selected conferences such as Northern Finance Association (NFA), Midwest Finance Association (MFA), Financial Management Association (FMA), Dayton Summer Finance Workshop, and China Fintech Research Conference. It also has been featured on Columbia Law School Blue Sky Blog.
Education
Ph.D., Finance, Georgia State University, 2017 - 2023
M.S., Finance, Northeastern University, 2015 - 2016
B.A., Finance, Kent State University, 2010 - 2013
Research interests
Corporate Finance: Corporate Governance, Corporate Disclosure, Mergers and Acquisitions (M&As), Corporate Innovations
FinTech and Artificial Intelligence : Blockchain, Machine Learning, Textual Analysis
Labor and Finance
Publication
* Management Science
(with Mark Chen, Sophia Hu, and Qinxi Wu)
We empirically examine the effects of technological disruption on suppliers and customers in vertical production relationships.
Presentation: Lone Star Conference (2021), Financial Management Association Meetings (2021), Shanghai-Edinburgh-London Fintech Conference (2021), Southwestern University of Finance and Economics (2021), Baylor University (2021), Georgia State University (2021), European Finance Association (2022), China International Conference in Finance (2023), 9th HK Joint Finance Research Workshop (2023)
Working papers
I use EDGAR web traffic to study the effects of investors’ information learning activities in mergers and acquisitions.
Presentations: Midwest Finance Association Meetings (2022), American Finance Association Meetings Poster Session (2022), Atlanta Rising Scholar Symposium in Finance (2022), Global Finance Conference (2021), Dayton Summer Finance Workshop (2021), Financial Management Association Meetings (2021)
I study the effects of the connections between CEO candidates and board members on CEO appointment decisions and post-succession firm efficiencies.
Presentation: Northern Finance Association (2020), Global Finance Conference (2021), Georgia State University (2020); Peking University (2023)
(With Alan L. Zhang)
We explore the motives and consequences of FinTech mergers. FinTech firms have a greater likelihood of becoming targets in mergers and acquisitions (M&As).
Presentation: China Fintech Research Conference (2022), Eastern Finance Association (2022), Asian Finance Association (2022), 36th Australasian Finance and Banking Conference (2023)
Media Coverage: Columbia Law School Blue Sky Blog
(with Mark Chen)
We provide evidence on the incidence of labor-displacing and augmenting technological innovations and how they affect innovating firm workforce dynamic and coporate values.
Presentation: Georgia State University (2022), Columbia & RFS AI in Finance Conference (2024); DEFT Academy/Xueshuo Summer Institute in Digital Finance (2024), ASSA/AFE Annual Meeting (2025 scheduled)
(with Mark Chen, Sophia Hu, and Qinxi Wu)
This paper examines whether board interlocks—direct links created when an individual serves concurrently on two or more corporate boards—foster spillovers of knowledge and innovation between firms.
Presentation: Baylor University (2021), UMass Dartmouth (2022); Financial Management Association Meeting (2022), The 8th Annual International Corporate Governance Society Conference (2022), SFS Cavalcade North America (2023), Midwest Finance Association Conference (2024)
Media Coverage: Columbia Law School Blue Sky Blog
- The Real Effects of Common Analyst Coverage on Mergers and Acquisitions
(with Omesh Kini)
We examine the influence of common analysts on the likelihood and subsequent outcomes of mergers and acquisitions (M&As).
Personal interests
Wine tasting, hiking, basketball, oil painting, and Chinese calligraphy