Yingmei Cheng
Lloyd F. Collette Endowed Chair
of Financial Services
Professor
Department of Finance
Contact
yingmeicheng@lsu.edu
Curriculum Vitae
Education
PhD, Economics, University of Pennsylvania, 2001
MA, Economics, University of Miami, 1997
MA, Chemistry, Princeton University, 1995
BS, Chemistry, University of Science and Technology of China, 1993
Dr. Yingmei Cheng serves as the Lloyd F. Collette Endowed Chair of Financial Services and chair of the Department of Finance.
Cheng previously served as the Patty Hill Smith Eminent Scholar in Finance at Florida State University鈥檚 College of Business, where she led the college鈥檚 PhD program in finance and taught undergraduate, MBA, and doctoral courses in finance and economics. Her research focuses on theoretical and empirical topics in corporate finance, and her work has received five best paper awards since 2003.
Cheng鈥檚 research, which focuses on theoretical and empirical corporate finance, has been published in premier finance and economics journals, including the Journal of Financial Economics, The Review of Economics and Statistics, and Journal of Financial and Quantitative Analysis. Additionally, her papers have been accepted by highly selective conferences, such as American Finance Association Meeting, Western Finance Association Meeting, Utah Winter Finance Meeting and NBER Spring Meeting.
Research Interests: corporate culture, stock repurchases, executive compensation, cash holdings, capital structure, mergers and acquisitions, seasoned equity offerings, buy-side and sell-side security analysts, market efficiency
Selected Journal Publications
Spencer Barnes and Yingmei Cheng, 2023, 鈥淓mployee Approval of CEOs and Firm Value: Evidence from Employees鈥� Choice Awards鈥�, Journal of Corporate Finance.
Yingmei Cheng, Jarrad Harford, Irena Hutton, and Stephan Shipe, 2022, 鈥淓x-post Bargaining,
Corporate Cash Holdings, and Executive Compensation鈥� Journal of Financial and Quantitative
Analysis, 957-987.
Thomas J. Chemmanur, Yingmei Cheng, Tianming Zhang, and Yuxin Wu, 2022, "Why Do Firms Undertake Accelerated Share Repurchase Programs?", Review of Corporate Finance, 191-234.
Yingmei Cheng, Yucai Hu, Shenggang Ren, and Chao Yin, 2021, 鈥淔eeling Right at Home: Hometown CEOs and Firm Innovation鈥�, Journal of Corporate Finance.
Yingmei Cheng, Yulei Rao, Jianxin Wang, Lin Xu, 2020, 鈥淚nternal Coalition and Stock Price Crash Risk鈥�, Journal of Corporate Finance.
Yingmei Cheng, Baixiao Liu, John McConnell, and Aaron Rosenblum, 2017, 鈥淲hen is Good News Bad and Vice Versa? The Fortune Rankings of America鈥檚 Most Admired Companies鈥�, Journal of Corporate Finance, 43, 378-396.
Yingmei Cheng, David Peterson, and Karen Sherrill, 2017, 鈥淎dmitting mistakes pays: the long term impact of goodwill impairment write-offs on stock prices鈥�, Journal of Economics and Finance, 41, 311-329.
Barbara Bliss, Yingmei Cheng, and David Denis, 2015, 鈥淐orporate Payout, Cash Retention, and the Supply of Credit: Evidence from the 2008-09 Credit Crisis鈥�, Journal of Financial Economics, 115, 521-540.
Yingmei Cheng, Jarrad Harford, and Tianming Zhang, 鈥淏onus-driven Repurchases鈥�, 2015, Journal of Financial and Quantitative Analysis, 50, 447-475.
James Ang, Yingmei Cheng, and Chaopeng Wu, 2015, 鈥淭rust, Investment, and Business
Contracting鈥�, Journal of Financial and Quantitative Analysis, 50, 569-595.
James Ang, Yingmei Cheng, and Chaopeng Wu, 2014, 鈥淒oes Enforcement of Intellectual Property Rights Matter? Evidence from Financing and Investment Choices in the High Tech Industry鈥�, The Review of Economics and Statistics, 96, 332-348.
Thomas Chemmanur, Yingmei Cheng, and Tianming Zhang, 2013, 鈥淗uman Capital, Capital
Structure, and Employee Pay: An Empirical Analysis鈥�, Journal of Financial Economics,
110,
478-502.
James Ang, and Yingmei Cheng, 鈥淭he Endogeneity of Information Asymmetry and Corporate Financing Decisions鈥�, 2011, Journal of Financial Research, Volume 34, Issue 3, pages 411鈥�440 (Lead article).
James Ang, Yingmei Cheng, and Greg Nagel, 鈥淎n Analysis of Acquirers as Dealmakers: Differentiating Acquirers鈥� Timing, Bargain Hunting, and Negotiating Skills鈥�, 2008, ICFAI Journal of Mergers and Acquisitions, Vol. 5 (4), 7-33 (Lead article).
Yingmei Cheng, Mark Liu, and Jun Qian, 鈥淏uy-side Analysts, Sell-side Analysts, and Investment Decisions of Money Managers鈥�, 2006, Journal of Financial and Quantitative Analysis, Vol. 41 (1), 51-83.
James Ang, and Yingmei Cheng, 鈥淒irect Evidence of Market-driven Acquisitions Theory鈥�,
2006,
Journal of Financial Research, Vol. 29 (2), 199-216.
Yingmei Cheng, 鈥淧ost-listing Underperformance: Is It Really Bad to Move Trading Locations?鈥�
2005, Journal of Corporate Finance, Vol. 12 (1), 97-120.
James Ang, and Yingmei Cheng, 鈥淔inancial Innovations and Market Efficiency: The Case of Single Stock Futures鈥�, 2005, Journal of Applied Finance, Vol. 15 (1), 38-51.
James Ang, and Yingmei Cheng, 鈥淪ingle Stock Futures: Listing Selection and Trading Volume鈥�, 2005, Finance Research Letters, Vol. 2 (1), 30-40.
Jere Behrman, Yingmei Cheng, and Petra Todd, 鈥淓valuating Programs When Length of Exposure to the Program Varies: A Nonparametric Approach鈥�, 2004, The Review of Economics and Statistics, Vol. 86 (1), 108-132.
Summer Research Grant (FSU College of Business), Summer 2023
Nominated for COB Research Award, Spring 2020, Spring 2023
The Best Paper Award, Frontiers of Business Research in China International Symposium,
Beijing, May 2017
鈥淲hen Does Racial and Gender Diversity Pay?鈥�
Nominated for University Teaching Award (Graduate Teaching), 2012
The Best Paper Award, Financial Management Association Asian Meeting, Xiamen, May
2009
鈥淒oes Enforcement of Intellectual Property Rights Matter? Evidence from Financing
and Investment Choices in the High Tech Industry鈥�.
The Best Paper Award, TCFA 15th Annual Conference, New York City, November 2009
鈥淒oes Enforcement of Intellectual Property Rights Matter? Evidence from Financing
and Investment Choices in the High Tech Industry鈥�.
The Best Paper Award, AAA Northeast Regional Meeting, Newport, November 2008
鈥淐apital Structure and Employee Pay: An Empirical Analysis鈥�.
The Best Paper Award in Corporate Finance, Eastern Finance Association, Thirty-Ninth
Annual Meeting, Lake Buena Vista, Florida, April 2003.
鈥淏uy-side Analysts, Sell-side Analysts, and Investment Decisions of Money Managers鈥�.
Gene Taylor/Bank of America Center Summer Research Grant
2010, 2011, 2012, 2013, 2014, 2015
FSU Research Planning Grant, May 2014 - August 2014
FSU Research Planning Grant, April 2009 - April 2010
FSU College of Business Summer Research Grant
2008, 2009, 2013, 2014, 2015
COFRS Award, Florida State University, Summer 2005
The First Year Professor Award, Florida State University, Summer 2002