Yin, Bernard

YEUNG, Yin, Bernard

Stephen Riady Distinguished Professor in Finance and Strategic Management

FINANCE, STRATEGY & POLICY

(65) 6516 3180
bizyeung@nus.edu.sg
BIZ1 7-56
Curriculum Vitae

Bio

Professor Bernard Yeung is Stephen Riady Distinguished Professor in Finance and Strategic Management at the National University of Singapore Business School.  He is also the President of the Asian Bureau of Finance and Economic Research.  He was Dean of NUS Business School from June 200....

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Recognition & Awards

  • Irwin Outstanding Educator Award, Academy of Management, BPS Division - 2013
  • Best Paper Prize, SMS 30th Annual International Conference - 2010
  • Best paper award (paper: "Institutional Determinants of Vertical Integration: Evidence from China", with Joseph Fan, Jun Huang, and Randall Morck), China International Conference in Finance, Chengdu, China - 2007
  • Elected Fellow, Academy of International Business - 2005
  • Excellence in Teaching Award, Executive Education Programs, Stern, NYU - 2002
  • Moskowitz Prize for outstanding research in socially responsible investing, Social Investment Forum - 2001
  • Teacher Excellence Award (doctoral programs), University of Michigan Business School - 1997
  • Eugene Power Award for Career Achievement, University of Michigan - 1993

Educational Qualifications

  • PhD, Finance, Graduate School of Business, University of Chicago, Chicago, III, 1984
  • MBA, Finance, Graduate School of Business, University of Chicago, Chicago, III, 1981
  • B.A (Hon), Economics and Mathematics, University of Western Ontario, London, Ontario, Canada, 1979

Academic Experience

  • Stephen Riady Distinguished Professor, NUS Business School, National University of Singapore, 2008 - current
  • Advisory University Professor, East China Normal University, 2006 - current
  • Honorary Co-Chair, Strategy Department, Guanghua School of Management, Peking University, 2004 - current
  • Professor of Economics, and Professor of Strategy, Stern School of Business, New York University, 1999 - 2010
  • Abraham Krasnoff Professor in Global Business, Stern School of Business, New York University, 1999 - 2010
  • Director, NYU China - China House, 2006 - 2008
  • Professor in International Business, University of Michigan Business School, 1988 - 1999
  • Associate Professor, University of Alberta, 1986 - 1988

Selected Publications

State-controlled Banks, Monetary Growth and the Real Economy

Journal Articles
Yeung, Yin, Bernard with Morck, Randall and Yavuz, Deniz
Management Science, 2014, presented at ABFER 2013, NBER-EASE 2014, 2018, Management Science

Year

View

Mobile Wallet and Entrepreneurial Growth

Journal Articles
Yeung, Yin, Bernard with Zou, Xin
American Economic Review, Papers and Proceedings, 109, 48-53

Year
2019

View

University, Education, Technology and the Future of Work

Books/Monographs
Yeung, Yin, Bernard
in The future of management in an Artificial Intelligence world. Redefining purpose and strategy in the fourth industrial revolution (J. Canals and F. Heukamp, ed.), Palgrace Macmilan, Houndmills, Basingstoke, Hampshire

Year
2019

View

East Asian Financial and Economic Development

Books/Monographs
Yeung, Yin, Bernard with Morck, Randall
in Handbook of Finance and Development, Ross Levine and Thorsten Beck ed, Edward Elgar Publishing Ltd

Year
2018

View

Anti-Corruption Reforms and Shareholder Valuations: Event Study Evidence from China

Working Papers
Yeung, Yin, Bernard with Lin, Chen, Morck, Randall and Zhao, Xiaofeng
Co-authors: Chen Lin, Randall Morck, and Xiaofeng Zhao NBER Working Paper 22001

Year
2017

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Selected Publications

59

Journals

13

Books

1

Conference

2

Papers

Journal Articles

State-controlled Banks, Monetary Growth and the Real Economy

Journal Articles
Yeung, Yin, Bernard with Morck, Randall and Yavuz, Deniz
Management Science, 2014, presented at ABFER 2013, NBER-EASE 2014, 2018, Management Science

Year

View

Mobile Wallet and Entrepreneurial Growth

Journal Articles
Yeung, Yin, Bernard with Zou, Xin
American Economic Review, Papers and Proceedings, 109, 48-53

Year
2019

View

Speculative investors and transaction tax: Evidence from the housing market

Journal Articles
Yeung, Yin, Bernard with FU YUMING
Management Science, 62, (11), 3254-3270, Best paper award, first prize, Global Chinese Real Estate Congress 2012; IMAS-CAMRI Applied Finance Research Grant 2011

Year
2016

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China in Asia

Journal Articles
Yeung, Yin, Bernard with Morck, Randall
China Economic Review, 40, 297-308

Year
2016

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Corporate Governance and the Finance Sector: An Asian Perspective

Journal Articles
Yeung, Yin, Bernard with Morck, Randall
MAS Macroeconomic Review, Vol XV, Issue 1, 97-110

Year
2016

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诗歌、道德, 与 治理 –基于唐代科举的量化历史实证研究” (Poetry, Ethics, and Governance”)

Journal Articles
Yeung, Yin, Bernard with Chen, Donghua, Li, Zhen Oliver and Yu, Junli
文学研究, Vol. 34

Year
2016

Information, Analysts and Stock Returns Comovement

Journal Articles
Yeung, Yin, Bernard with Morck R and Shen J F
Review of Financial Studies, 28, 3153-3187

Year
2015

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China's Pseudo Monetary Policy

Journal Articles
Yeung, Yin, Bernard with Deng Yong Heng, Morck, Randall and Wu Jing
Review of Finance, 19, (1), 55-93

Year
2015

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The Right Speed and its Value

Journal Articles
Yeung, Yin, Bernard with Hawk, Ashton and Pacheco-De-Almeida, Goncalo
Strategic Management Journal, 36, (2), 159-176, previously titled: Speed and Tobin's q

Year
2015

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Incentives and Outcomes: China's Environmental Policy

Journal Articles
Yeung, Yin, Bernard with Deng, Yongheng, Huang, Jun, Morck, Randall and Wu, Jing
Capitalism and Society, Vol. 9, no.1, Article 2, 2014 (NBER WP 18754)

Year
2014

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Bank Financing and Corporate Governance

Journal Articles
Yeung, Yin, Bernard with Qian, Meijun
Journal of Corporate Finance, forthcoming. An earlier version the winner of Best Paper Award at the 2nd Finance and Corporate Governance Conference

Year
2014

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What Determines Bank-Specific Variations in Bank Stock Returns? Global Evidence

Journal Articles
Yeung, Yin, Bernard with Francis, Bill B, Hasan, Iftekhar and Song, Liang
Journal of Financial Intermediation, forthcoming

Year
2014

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Corporate Governance in China

Journal Articles
Yeung, Yin, Bernard with Morck, Randall
Journal of Applied Corporate Finance, 26 (3)

Year
2014

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Institutional Determinants of Vertical Integration in China

Journal Articles
Yeung, Yin, Bernard with Fan, Joseph, Huang, Jun and Morck, Randall
Journal of Corporate Finance, forthcoming

Year
2014

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Do Multinational Corporations and Domestic Corporations Differ in their Leverage Policies?

Journal Articles
Yeung, Yin, Bernard with Park, Soon Hong and Suh, Jungwon
Journal of Corporate Finance

Year
2013

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R-squared and the Economy

Journal Articles
Yeung, Yin, Bernard with Morck, Randall and Yu, Wayne
Annual Review of Financial Economics, 5, 143-166, NBER 19017

Year
2013

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Innocents Abroad: Failure Rates of International Joint Ventures with Pyramidal Groups

Journal Articles
Yeung, Yin, Bernard with Morck, Randall and Perkins, Susan
Global Strategy Journal, forthcoming

Year
2013

Fast Mover Advantage: Speed Capabilities and Entry into the Emerging Submarket of Atlantic Basin LNG

Journal Articles
Yeung, Yin, Bernard with Hark, Ashton and Pacheco-de-Almeida, Goncalo
Strategic Management Journal, forthcoming

Year
2012

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Translating Market Socialism with Chinese Characteristics into Sustained Prosperity

Journal Articles
Yeung, Yin, Bernard with Fan, Joseph and Morck, Randall
Capitalizing China, NBER book 2012 (also appear as "Capitalizing China", NBER Working Paper 17687)

Year
2012

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Economics, History, and Causation

Journal Articles
Yeung, Yin, Bernard with Morck, Randall
Business History Review, forthcoming

Year
2011

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Trade Liberalization and Institutional Reform

Journal Articles
Yeung, Yin, Bernard with Fogel, Kathy, Morck, Randall and Zhao, Minyuan
Asian Economic Papers, 9 (2)

Year
2011

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Bank Ownership, Capital Allocation, and Economic Performance

Journal Articles
Yeung, Yin, Bernard with Morck, Randall and Yavuz, Deniz
Journal of Financial Economics, Vol. 100, No. 2, 264-283

Year
2011

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Corporatism and the Ghost of the Third Way

Journal Articles
Yeung, Yin, Bernard with Morck, Randall
Capitalism and Society, 5 No.3

Year
2010

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Never Waste a Good Crisis: an Historical Perspective on Comparative Corporate Governance

Journal Articles
Yeung, Yin, Bernard with Morck, Randall
Annual Review of Financial Economics

Year
2009

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Institutions and Foreign Direct Investment: China versus the Rest of the World

Journal Articles
Yeung, Yin, Bernard with Fan, Joseph, Morck, Randall and Xu, Lixin Colin
WORLD DEVELOPMENT, 37, No. 4, 852-865

Year
2009

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Corporate Governance and Managerial Risk Taking: Theory and Evidence

Journal Articles
Yeung, Yin, Bernard with John, Kose and Litov, Lubomir
Journal of Finance

Year
2008

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Creative Destruction and Firm-Specific Performance Heterogeneity

Journal Articles
Yeung, Yin, Bernard with Chun, Hyunbae, Kim, Jung-Wook and Morck, Randall
Journal of Financial Economics

Year
2008

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Perspectives on China's Outward Foreign Direct Investment

Journal Articles
Yeung, Yin, Bernard with Morck, Randall and Zhao, Minyuan
Journal of International Business Studies, Vol. 39, No. 3, pp. 337-350

Year
2008

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Big Business Stability and Economic Growth: Is What's Good for General Motors Good for America?

Journal Articles
Yeung, Yin, Bernard with Fogel, Kathy and Morck, Randall
Journal of Financial Economics

Year
2008

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Does 'Good Government' Draw Foreign Capital? Explaining China's Exceptional FDI Inflow

Journal Articles
Yeung, Yin, Bernard with Fan, Joseph, Morck, Randall and Xu, Lixin Colin
WORLD DEVELOPMENT

Year
2008

History in Perspective: Comment on Jones and Khanna 'Bringing history (back) into international business

Journal Articles
Yeung, Yin, Bernard with Morck, Randall
Journal of International Business Studies, 38, 357-360

Year
2007

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Innocents Abroad: Failure Rates of International Joint Ventures with Pyramidal Groups

Journal Articles
Yeung, Yin, Bernard with Morck, Randall and Perkins, Susan
R&R Global Strategy Journal, forthcoming

Year
2007

Purifying Japan's Banks: Issues and Implications

Journal Articles
Yeung, Yin, Bernard with Morck, Randall
Asian Economic Papers, 5 Iss. 1, 1-32

Year
2006

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Dividend Taxation and Corporate Governance

Journal Articles
Yeung, Yin, Bernard with Morck, Randall
Journal of Economic Perspectives, 19, No. 3, 163-180

Year
2005

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Using Capital Markets as Market Intelligence: Evidence from the Pharmaceutical Industry

Journal Articles
Yeung, Yin, Bernard with Markovitch, Dmitri and Steckel, Joel
Management Science, Vol. 41 No. 10, pp. 1467-1480

Year
2005

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Corporate Governance, Economic Entrenchment and Growth

Journal Articles
Yeung, Yin, Bernard with Morck, Randall and Woldenzon, Daniel
Journal of Economics Literature, 43, 657-722

Year
2005

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China’s Lucky Corporate Governance

Journal Articles
Yeung, Yin, Bernard with Morck, Randall and Zhao, Minyuan
Peking University Business Forum

Year
2005

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Capital Markets and Capital Allocation: Implications for Economies in Transition

Journal Articles
Yeung, Yin, Bernard with Durnev, Artyom, Li, Kan and Morck, Randall
Economics of Transition, 12 (4), 593–634

Year
2004

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Family Control and the Rent-Seeking Society

Journal Articles
Yeung, Yin, Bernard with Morck, Randall
Theory and Practice, 28 Issue 4, 391-409

Year
2004

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Firm-Specific Variation and Openness in Emerging Markets

Journal Articles
Yeung, Yin, Bernard with Li, Kan, Morck, Randall and Yang, Fan
Review of Economics and Statistics, 86 (3), 658-669

Year
2004

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Value Enhancing Capital Budgeting and Firm-Specific Stock Returns Variation

Journal Articles
Yeung, Yin, Bernard with Durnev, Artyom and Morck, Randall
Journal of Finance , 59 (1), 65-105

Year
2004

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ASEAN countries, external threat, FTAA and internal institutional weaknesses

Journal Articles
Yeung, Yin, Bernard with Huang, Yasheng and Morck, Randall
Business and Politics, 6 Issue 1

Year
2004

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Does Greater Firm-Specific Return Variation Mean More or Less Informed Stock Pricing?

Journal Articles
Yeung, Yin, Bernard with Durnev, Artyom, Morck, Randall and Zarowin, Paul
Journal of Accounting Research, Vol. 41 No. 5, pp. 797

Year
2003

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Law, Share Price Accuracy and Economic Performance: The New Evidence

Journal Articles
Yeung, Yin, Bernard with Durnev, Artyom, Fox, Merritt and Morck, Randall
Michigan Law Review, 102:3, 331-386

Year
2003

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Agency Problems in Large Family Business Groups

Journal Articles
Yeung, Yin, Bernard with Morck, Randall
Theory and Practice, 27, Issue 4, 367 – 382

Year
2003

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Foreign Direct Investment and Host Industry Productivity: The Case of the American Automotive Parts Industry,

Journal Articles
Yeung, Yin, Bernard with Chung, Wilbur and Mitchell, Will
Journal of International Business Studies, 34,No 2, 199-218

Year
2003

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E-commerce Readiness: Institutional Environment and International Competitiveness

Journal Articles
Yeung, Yin, Bernard with Oxley, Joanne
Journal of International Business Studies, 32 No. 4

Year
2001

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Habitual and Non-Habitual Lobbyists in the US Steel Industry: An EM Algorithm Approach

Journal Articles
Yeung, Yin, Bernard with Morck, Randall and Sepanski, Jungsywan
Economic Inquiry, 39, No. 3, 365-378

Year
2001

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The Information Content of Stock Markets: Why do Emerging Markets have Synchronous Stock Price Movements?

Journal Articles
Yeung, Yin, Bernard with Morck, Randall and Yu, Wayne
Journal of Financial Economics, 59, No. 1 and 2, 215-260

Year
2000

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Do Corporate Global Environmental Standards Create or Destroy Market Value

Journal Articles
Yeung, Yin, Bernard with Dowell, Glen and Hart, Stuart
Management Science, 46, No. 8, 1059-1074

Year
2000

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Inherited Wealth, Corporate Control and Economic Growth

Journal Articles
Yeung, Yin, Bernard with Morck, Randall and Stangeland David
Concentrated Corporate Ownership, 319-369

Year
2000

View

The Effect of Own Firm and Other Firms Experience on Foreign Direct Investment Survival in the US, 1987-1992

Journal Articles
Yeung, Yin, Bernard with Mitchell, Will and Shaver, Myles
Strategic Management Journal, 18 No. 10, 811-824

Year
1997

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Rent Seeking, Protectionism and Innovation in the American Steel Industry

Journal Articles
Yeung, Yin, Bernard with Lenway, Stephanie and Morck, Randall
Economic Journal, 106, 410-421

Year
1996

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An Empirical Investigation of Joint Venture Dynamics: Evidence from US - Japan Ventures

Journal Articles
Yeung, Yin, Bernard with Nakamura, Masao and Shaver, Myles
International Journal of Industrial Organization, 14, 521-541

Year
1996

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Foreign Entry Survival and Foreign Market Share: Canadian Companies' Experience in the US Medical Sector, 1968-1991

Journal Articles
Yeung, Yin, Bernard with Mitchell, Will and Shaver, Myles
Strategic Management Journal, 12, 555-567

Year
1994

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Getting There in a Global Industry: Effects on Performance of Changing International Presence

Journal Articles
Yeung, Yin, Bernard with Mitchell, Will and Shaver, Myles
Strategic Management Journal, 13, 419-432

Year
1992

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Internalization: An Event Study Test

Journal Articles
Yeung, Yin, Bernard with Morck, Randall
Journal of International Economics, 33, 41-56

Year
1992

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Why Investors Value Multinationality?

Journal Articles
Yeung, Yin, Bernard with Morck, Randall
The Journal of Business , 64 No. 2, 165-187

Year
1991

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Economic Incentives for Countertrade

Journal Articles
Yeung, Yin, Bernard with Mirus, Rolf
Journal of International Business Studies, 27-39

Year
1986

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Books/Monographs

University, Education, Technology and the Future of Work

Books/Monographs
Yeung, Yin, Bernard
in The future of management in an Artificial Intelligence world. Redefining purpose and strategy in the fourth industrial revolution (J. Canals and F. Heukamp, ed.), Palgrace Macmilan, Houndmills, Basingstoke, Hampshire

Year
2019

View

East Asian Financial and Economic Development

Books/Monographs
Yeung, Yin, Bernard with Morck, Randall
in Handbook of Finance and Development, Ross Levine and Thorsten Beck ed, Edward Elgar Publishing Ltd

Year
2018

View

Enterprise Models: Freestanding Firms versus Family Pyramids

Books/Monographs
Yeung, Yin, Bernard with Morck, Randall
forthcoming, Vol II, The Spread of Capitalism, Jeffery Williamson (ed.) Cambridge University Press, The Cambridge History of Cambridge

Year
2013

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Agency Problems and the Fate of Capitalism

Books/Monographs
Yeung, Yin, Bernard with Morck, Randall
Ch. 12, Edited by Dennis C. Mueller, Oxford Handbook of Capitalism

Year
2012

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Big Business Stability and Social Welfare

Books/Monographs
Yeung, Yin, Bernard with Fogel, Kathy and Morck, Randall
forthcoming

Year
2008

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Institutional obstacles to entrepreneurship

Books/Monographs
Yeung, Yin, Bernard with Fogel, Kathy, Hawk, Ashton and Morck, Randall
Ch. 20, pp. 540-579, Oxford Handbook of Entrepreneurship

Year
2006

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Japanese Economic Success and the Curious Characteristics of Japanese Stock Prices

Books/Monographs
Yeung, Yin, Bernard with Morck, Randall
IMF

Year
2003

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Why Firms Diversify: Internalization vs. Agency Behavior

Books/Monographs
Yeung, Yin, Bernard with Morck, Randall
pp. 269 ? 302, Intangible Assets

Year
2003

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The Economic Determinants of Innovation

Books/Monographs
Yeung, Yin, Bernard with Morck, Randall
Industry Canada

Year
2002

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The Economics of Barter and Countertrade

Books/Monographs
Yeung, Yin, Bernard with Elgar, Edward and Mirus, Rolf

Year
2001

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The Economic Underpinnings of a Knowledge-Based Economy

Books/Monographs
Yeung, Yin, Bernard with Morck, Randall
Ch 2, Doing Business in the Knowledge-Based Economy

Year
2001

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Financial Regulation in the Global Economy as Property Rights

Books/Monographs
Yeung, Yin, Bernard with Morck, Randall
Reforming the Canadian Financial Sector: Canada in Global Perspective

Year
1997

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Corporate Response

Books/Monographs
Yeung, Yin, Bernard with Morck, Randall

Year
1996

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Conference/Seminars

The Pope and the Party

Conference/Seminars
Yeung, Yin, Bernard with Morck, Randall
Project Syndicate

Year
2013

Working Papers

Anti-Corruption Reforms and Shareholder Valuations: Event Study Evidence from China

Working Papers
Yeung, Yin, Bernard with Lin, Chen, Morck, Randall and Zhao, Xiaofeng
Co-authors: Chen Lin, Randall Morck, and Xiaofeng Zhao NBER Working Paper 22001

Year
2017

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Comovement in investment and corporate governance

Working Papers
Yeung, Yin, Bernard with Kniazeva, Anzhela, Kniazeva, Diana and Morck, Randall
first draft April 2006

Year

Research / Teaching Areas

Development

Corporate Finance

International Business

Strategic Management

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