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 2008 to May 2019.  Before joining NUS, he was th....

Read More

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

Morck, Randall, Yavuz, Deniz and Yeung, Yin, Bernard "State-controlled Banks, Monetary Growth and the Real Economy ", Management Science, 2014, presented at ABFER 2013, NBER-EASE 2014, 2018, Management Science, (forthcoming)
Agarwal, Sumit, Qian, Wenlan, Yeung, Yin, Bernard and Zou, Xin (2019), "Mobile Wallet and Entrepreneurial Growth", American Economic Review, Papers and Proceedings, 109, 48-53
Yeung, Yin, Bernard (2019), "University, Education, Technology and the Future of Work", 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, (forthcoming)
Morck, Randall and Yeung, Yin, Bernard (2018), "East Asian Financial and Economic Development", in Handbook of Finance and Development, Ross Levine and Thorsten Beck ed, Edward Elgar Publishing Ltd
Lin, Chen, Morck, Randall, Yeung, Yin, Bernard and Zhao, Xiaofeng (2017), "Anti-Corruption Reforms and Shareholder Valuations: Event Study Evidence from China", Co-authors: Chen Lin, Randall Morck, and Xiaofeng Zhao NBER Working Paper 22001

Selected Publications

59

Journals

13

Books

1

Conference

2

Papers

Journal Articles

Morck, Randall, Yavuz, Deniz and Yeung, Yin, Bernard "State-controlled Banks, Monetary Growth and the Real Economy ", Management Science, 2014, presented at ABFER 2013, NBER-EASE 2014, 2018, Management Science, (forthcoming)
Agarwal, Sumit, Qian, Wenlan, Yeung, Yin, Bernard and Zou, Xin (2019), "Mobile Wallet and Entrepreneurial Growth", American Economic Review, Papers and Proceedings, 109, 48-53
FU YUMING, Qian, Wenlan and Yeung, Yin, Bernard (2016), "Speculative investors and transaction tax: Evidence from the housing market", Management Science, 62, 11, 3254-3270, Best paper award, first prize, Global Chinese Real Estate Congress 2012; IMAS-CAMRI Applied Finance Research Grant 2011
Morck, Randall and Yeung, Yin, Bernard (2016), "China in Asia", China Economic Review, 40, 297-308
Morck, Randall and Yeung, Yin, Bernard (2016), "Corporate Governance and the Finance Sector: An Asian Perspective", MAS Macroeconomic Review, Vol XV, Issue 1, 97-110
Chen, Donghua, Li, Zhen Oliver, Yeung, Yin, Bernard and Yu, Junli (2016), "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”) ", 文学研究, Vol. 34
Hameed, Allaudeen, Morck R, Yeung, Yin, Bernard and Shen J F (2015), "Information, Analysts and Stock Returns Comovement ", Review of Financial Studies, 28, 3153-3187
Deng Yong Heng, Morck, Randall, Wu Jing and Yeung, Yin, Bernard (2015), "China's Pseudo Monetary Policy", Review of Finance, 19, 1, 55-93
Hawk, Ashton, Pacheco-De-Almeida, Goncalo and Yeung, Yin, Bernard (2015), "The Right Speed and its Value", Strategic Management Journal, 36, 2, 159-176, previously titled: Speed and Tobin's q
Deng, Yongheng, Huang, Jun, Morck, Randall, Wu, Jing and Yeung, Yin, Bernard (2014), "Incentives and Outcomes: China's Environmental Policy", Capitalism and Society, Vol. 9, no.1, Article 2, 2014 (NBER WP 18754)
Qian, Meijun and Yeung, Yin, Bernard (2014), "Bank Financing and Corporate Governance", Journal of Corporate Finance, forthcoming. An earlier version the winner of Best Paper Award at the 2nd Finance and Corporate Governance Conference
Francis, Bill B, Hasan, Iftekhar, Song, Liang and Yeung, Yin, Bernard (2014), "What Determines Bank-Specific Variations in Bank Stock Returns? Global Evidence", Journal of Financial Intermediation, forthcoming
Morck, Randall and Yeung, Yin, Bernard (2014), "Corporate Governance in China", Journal of Applied Corporate Finance, 26 (3)
Fan, Joseph, Huang, Jun, Morck, Randall and Yeung, Yin, Bernard (2014), "Institutional Determinants of Vertical Integration in China", Journal of Corporate Finance, forthcoming
Park, Soon Hong, Suh, Jungwon and Yeung, Yin, Bernard (2013), "Do Multinational Corporations and Domestic Corporations Differ in their Leverage Policies?", Journal of Corporate Finance
Morck, Randall, Yeung, Yin, Bernard and Yu, Wayne (2013), "R-squared and the Economy", Annual Review of Financial Economics, 5, 143-166, NBER 19017
Morck, Randall, Perkins, Susan and Yeung, Yin, Bernard (2013), "Innocents Abroad: Failure Rates of International Joint Ventures with Pyramidal Groups", Global Strategy Journal, forthcoming
Hark, Ashton, Pacheco-de-Almeida, Goncalo and Yeung, Yin, Bernard (2012), "Fast Mover Advantage: Speed Capabilities and Entry into the Emerging Submarket of Atlantic Basin LNG", Strategic Management Journal, forthcoming
Fan, Joseph, Morck, Randall and Yeung, Yin, Bernard (2012), "Translating Market Socialism with Chinese Characteristics into Sustained Prosperity", Capitalizing China, NBER book 2012 (also appear as "Capitalizing China", NBER Working Paper 17687)
Morck, Randall and Yeung, Yin, Bernard (2011), "Economics, History, and Causation", Business History Review, forthcoming
Fogel, Kathy, Morck, Randall, Yeung, Yin, Bernard and Zhao, Minyuan (2011), "Trade Liberalization and Institutional Reform", Asian Economic Papers, 9 (2)
Morck, Randall, Yavuz, Deniz and Yeung, Yin, Bernard (2011), "Bank Ownership, Capital Allocation, and Economic Performance", Journal of Financial Economics, Vol. 100, No. 2, 264-283
Morck, Randall and Yeung, Yin, Bernard (2010), "Corporatism and the Ghost of the Third Way", Capitalism and Society, 5 No.3
Morck, Randall and Yeung, Yin, Bernard (2009), "Never Waste a Good Crisis: an Historical Perspective on Comparative Corporate Governance", Annual Review of Financial Economics
Fan, Joseph, Morck, Randall, Xu, Lixin Colin and Yeung, Yin, Bernard (2009), "Institutions and Foreign Direct Investment: China versus the Rest of the World", WORLD DEVELOPMENT, 37, No. 4, 852-865
John, Kose, Litov, Lubomir and Yeung, Yin, Bernard (2008), "Corporate Governance and Managerial Risk Taking: Theory and Evidence", Journal of Finance
Chun, Hyunbae, Kim, Jung-Wook, Morck, Randall and Yeung, Yin, Bernard (2008), "Creative Destruction and Firm-Specific Performance Heterogeneity", Journal of Financial Economics
Morck, Randall, Yeung, Yin, Bernard and Zhao, Minyuan (2008), "Perspectives on China's Outward Foreign Direct Investment", Journal of International Business Studies, Vol. 39, No. 3, pp. 337-350
Fogel, Kathy, Morck, Randall and Yeung, Yin, Bernard (2008), "Big Business Stability and Economic Growth: Is What's Good for General Motors Good for America?", Journal of Financial Economics
Fan, Joseph, Morck, Randall, Xu, Lixin Colin and Yeung, Yin, Bernard (2008), "Does 'Good Government' Draw Foreign Capital? Explaining China's Exceptional FDI Inflow", WORLD DEVELOPMENT
Morck, Randall and Yeung, Yin, Bernard (2007), "History in Perspective: Comment on Jones and Khanna 'Bringing history (back) into international business", Journal of International Business Studies, 38, 357-360
Yeung, Yin, Bernard, Morck, Randall and Perkins, Susan (2007), "Innocents Abroad: Failure Rates of International Joint Ventures with Pyramidal Groups", R&R Global Strategy Journal, forthcoming
Morck, Randall and Yeung, Yin, Bernard (2006), "Purifying Japan's Banks: Issues and Implications", Asian Economic Papers, 5 Iss. 1, 1-32
Morck, Randall and Yeung, Yin, Bernard (2005), "Dividend Taxation and Corporate Governance", Journal of Economic Perspectives, 19, No. 3, 163-180
Markovitch, Dmitri, Steckel, Joel and Yeung, Yin, Bernard (2005), "Using Capital Markets as Market Intelligence: Evidence from the Pharmaceutical Industry", Management Science, Vol. 41 No. 10, pp. 1467-1480
Morck, Randall, Woldenzon, Daniel and Yeung, Yin, Bernard (2005), "Corporate Governance, Economic Entrenchment and Growth", Journal of Economics Literature, 43, 657-722
Morck, Randall, Yeung, Yin, Bernard and Zhao, Minyuan (2005), "China’s Lucky Corporate Governance", Peking University Business Forum
Durnev, Artyom, Li, Kan, Morck, Randall and Yeung, Yin, Bernard (2004), "Capital Markets and Capital Allocation: Implications for Economies in Transition", Economics of Transition, 12 (4), 593–634
Morck, Randall and Yeung, Yin, Bernard (2004), "Family Control and the Rent-Seeking Society", Theory and Practice, 28 Issue 4, 391-409
Li, Kan, Morck, Randall, Yang, Fan and Yeung, Yin, Bernard (2004), "Firm-Specific Variation and Openness in Emerging Markets", Review of Economics and Statistics, 86 (3), 658-669
Durnev, Artyom, Morck, Randall and Yeung, Yin, Bernard (2004), "Value Enhancing Capital Budgeting and Firm-Specific Stock Returns Variation", Journal of Finance , 59 (1), 65-105
Huang, Yasheng, Morck, Randall and Yeung, Yin, Bernard (2004), "ASEAN countries, external threat, FTAA and internal institutional weaknesses", Business and Politics, 6 Issue 1
Durnev, Artyom, Morck, Randall, Yeung, Yin, Bernard and Zarowin, Paul (2003), "Does Greater Firm-Specific Return Variation Mean More or Less Informed Stock Pricing?", Journal of Accounting Research, Vol. 41 No. 5, pp. 797
Durnev, Artyom, Fox, Merritt, Morck, Randall and Yeung, Yin, Bernard (2003), "Law, Share Price Accuracy and Economic Performance: The New Evidence", Michigan Law Review, 102:3, 331-386
Morck, Randall and Yeung, Yin, Bernard (2003), "Agency Problems in Large Family Business Groups", Theory and Practice, 27, Issue 4, 367 – 382
Chung, Wilbur, Mitchell, Will and Yeung, Yin, Bernard (2003), "Foreign Direct Investment and Host Industry Productivity: The Case of the American Automotive Parts Industry,", Journal of International Business Studies, 34,No 2, 199-218
Oxley, Joanne and Yeung, Yin, Bernard (2001), "E-commerce Readiness: Institutional Environment and International Competitiveness", Journal of International Business Studies, 32 No. 4
Morck, Randall, Sepanski, Jungsywan and Yeung, Yin, Bernard (2001), "Habitual and Non-Habitual Lobbyists in the US Steel Industry: An EM Algorithm Approach", Economic Inquiry, 39, No. 3, 365-378
Morck, Randall, Yeung, Yin, Bernard and Yu, Wayne (2000), "The Information Content of Stock Markets: Why do Emerging Markets have Synchronous Stock Price Movements?", Journal of Financial Economics, 59, No. 1 and 2, 215-260
Dowell, Glen, Hart, Stuart and Yeung, Yin, Bernard (2000), "Do Corporate Global Environmental Standards Create or Destroy Market Value", Management Science, 46, No. 8, 1059-1074
Morck, Randall, Stangeland David and Yeung, Yin, Bernard (2000), "Inherited Wealth, Corporate Control and Economic Growth", Concentrated Corporate Ownership, 319-369
Mitchell, Will, Shaver, Myles and Yeung, Yin, Bernard (1997), "The Effect of Own Firm and Other Firms Experience on Foreign Direct Investment Survival in the US, 1987-1992", Strategic Management Journal, 18 No. 10, 811-824
Lenway, Stephanie, Morck, Randall and Yeung, Yin, Bernard (1996), "Rent Seeking, Protectionism and Innovation in the American Steel Industry", Economic Journal, 106, 410-421
Nakamura, Masao, Shaver, Myles and Yeung, Yin, Bernard (1996), "An Empirical Investigation of Joint Venture Dynamics: Evidence from US - Japan Ventures", International Journal of Industrial Organization, 14, 521-541
Mitchell, Will, Shaver, Myles and Yeung, Yin, Bernard (1994), "Foreign Entry Survival and Foreign Market Share: Canadian Companies' Experience in the US Medical Sector, 1968-1991", Strategic Management Journal, 12, 555-567
Mitchell, Will, Shaver, Myles and Yeung, Yin, Bernard (1992), "Getting There in a Global Industry: Effects on Performance of Changing International Presence", Strategic Management Journal, 13, 419-432
Morck, Randall and Yeung, Yin, Bernard (1992), "Internalization: An Event Study Test", Journal of International Economics, 33, 41-56
Morck, Randall and Yeung, Yin, Bernard (1991), "Why Investors Value Multinationality?", The Journal of Business , 64 No. 2, 165-187
Mirus, Rolf and Yeung, Yin, Bernard (1986), "Economic Incentives for Countertrade", Journal of International Business Studies, 27-39

Books/Monographs

Yeung, Yin, Bernard (2019), "University, Education, Technology and the Future of Work", 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, (forthcoming)
Morck, Randall and Yeung, Yin, Bernard (2018), "East Asian Financial and Economic Development", in Handbook of Finance and Development, Ross Levine and Thorsten Beck ed, Edward Elgar Publishing Ltd
Morck, Randall and Yeung, Yin, Bernard (2013), "Enterprise Models: Freestanding Firms versus Family Pyramids", forthcoming, Vol II, The Spread of Capitalism, Jeffery Williamson (ed.) Cambridge University Press, The Cambridge History of Cambridge
Morck, Randall and Yeung, Yin, Bernard (2012), "Agency Problems and the Fate of Capitalism", Ch. 12, Edited by Dennis C. Mueller, Oxford Handbook of Capitalism
Fogel, Kathy, Morck, Randall and Yeung, Yin, Bernard (2008), "Big Business Stability and Social Welfare", forthcoming
Fogel, Kathy, Hawk, Ashton, Morck, Randall and Yeung, Yin, Bernard (2006), "Institutional obstacles to entrepreneurship", Ch. 20, pp. 540-579, Oxford Handbook of Entrepreneurship
Morck, Randall and Yeung, Yin, Bernard (2003), "Japanese Economic Success and the Curious Characteristics of Japanese Stock Prices", IMF
Morck, Randall and Yeung, Yin, Bernard (2003), "Why Firms Diversify: Internalization vs. Agency Behavior", pp. 269 ? 302, Intangible Assets
Morck, Randall and Yeung, Yin, Bernard (2002), "The Economic Determinants of Innovation", Industry Canada
Elgar, Edward, Mirus, Rolf and Yeung, Yin, Bernard (2001), "The Economics of Barter and Countertrade"
Morck, Randall and Yeung, Yin, Bernard (2001), "The Economic Underpinnings of a Knowledge-Based Economy", Ch 2, Doing Business in the Knowledge-Based Economy
Morck, Randall and Yeung, Yin, Bernard (1997), "Financial Regulation in the Global Economy as Property Rights", Reforming the Canadian Financial Sector: Canada in Global Perspective
Morck, Randall and Yeung, Yin, Bernard (1996), "Corporate Response"

Conference/Seminars

Morck, Randall and Yeung, Yin, Bernard (2013), "The Pope and the Party", Project Syndicate

Working Papers

Lin, Chen, Morck, Randall, Yeung, Yin, Bernard and Zhao, Xiaofeng (2017), "Anti-Corruption Reforms and Shareholder Valuations: Event Study Evidence from China", Co-authors: Chen Lin, Randall Morck, and Xiaofeng Zhao NBER Working Paper 22001
Kniazeva, Anzhela, Kniazeva, Diana, Morck, Randall and Yeung, Yin, Bernard "Comovement in investment and corporate governance", first draft April 2006

Research / Teaching Areas

Development

Corporate Finance

International Business

Strategic Management

  • Home
  • Faculty Details