Yingmei Cheng
Professor & Department Chair
Department of Finance
Contact
yingmeicheng@lsu.edu
Curriculum Vitae
Distinctions
Lloyd F. Collette Endowed Chair of Financial Services
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’s College of Business, where she led the college’s 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’s 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, “Employee Approval of CEOs and Firm Value: Evidence from Employees’ Choice Awards”, Journal of Corporate Finance.
Yingmei Cheng, Jarrad Harford, Irena Hutton, and Stephan Shipe, 2022, “Ex-post Bargaining,
Corporate Cash Holdings, and Executive Compensation” 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, “Feeling Right at Home: Hometown CEOs and Firm Innovation”, Journal of Corporate Finance.
Yingmei Cheng, Yulei Rao, Jianxin Wang, Lin Xu, 2020, “Internal Coalition and Stock Price Crash Risk”, Journal of Corporate Finance.
Yingmei Cheng, Baixiao Liu, John McConnell, and Aaron Rosenblum, 2017, “When is Good News Bad and Vice Versa? The Fortune Rankings of America’s Most Admired Companies”, Journal of Corporate Finance, 43, 378-396.
Yingmei Cheng, David Peterson, and Karen Sherrill, 2017, “Admitting mistakes pays: the long term impact of goodwill impairment write-offs on stock prices”, Journal of Economics and Finance, 41, 311-329.
Barbara Bliss, Yingmei Cheng, and David Denis, 2015, “Corporate Payout, Cash Retention, and the Supply of Credit: Evidence from the 2008-09 Credit Crisis”, Journal of Financial Economics, 115, 521-540.
Yingmei Cheng, Jarrad Harford, and Tianming Zhang, “Bonus-driven Repurchases”, 2015, Journal of Financial and Quantitative Analysis, 50, 447-475.
James Ang, Yingmei Cheng, and Chaopeng Wu, 2015, “Trust, Investment, and Business
Contracting”, Journal of Financial and Quantitative Analysis, 50, 569-595.
James Ang, Yingmei Cheng, and Chaopeng Wu, 2014, “Does Enforcement of Intellectual Property Rights Matter? Evidence from Financing and Investment Choices in the High Tech Industry”, The Review of Economics and Statistics, 96, 332-348.
Thomas Chemmanur, Yingmei Cheng, and Tianming Zhang, 2013, “Human Capital, Capital
Structure, and Employee Pay: An Empirical Analysis”, Journal of Financial Economics,
110,
478-502.
James Ang, and Yingmei Cheng, “The Endogeneity of Information Asymmetry and Corporate Financing Decisions”, 2011, Journal of Financial Research, Volume 34, Issue 3, pages 411–440 (Lead article).
James Ang, Yingmei Cheng, and Greg Nagel, “An Analysis of Acquirers as Dealmakers: Differentiating Acquirers’ Timing, Bargain Hunting, and Negotiating Skills”, 2008, ICFAI Journal of Mergers and Acquisitions, Vol. 5 (4), 7-33 (Lead article).
Yingmei Cheng, Mark Liu, and Jun Qian, “Buy-side Analysts, Sell-side Analysts, and Investment Decisions of Money Managers”, 2006, Journal of Financial and Quantitative Analysis, Vol. 41 (1), 51-83.
James Ang, and Yingmei Cheng, “Direct Evidence of Market-driven Acquisitions Theory”,
2006,
Journal of Financial Research, Vol. 29 (2), 199-216.
Yingmei Cheng, “Post-listing Underperformance: Is It Really Bad to Move Trading Locations?”
2005, Journal of Corporate Finance, Vol. 12 (1), 97-120.
James Ang, and Yingmei Cheng, “Financial Innovations and Market Efficiency: The Case of Single Stock Futures”, 2005, Journal of Applied Finance, Vol. 15 (1), 38-51.
James Ang, and Yingmei Cheng, “Single Stock Futures: Listing Selection and Trading Volume”, 2005, Finance Research Letters, Vol. 2 (1), 30-40.
Jere Behrman, Yingmei Cheng, and Petra Todd, “Evaluating Programs When Length of Exposure to the Program Varies: A Nonparametric Approach”, 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
“When Does Racial and Gender Diversity Pay?”
Nominated for University Teaching Award (Graduate Teaching), 2012
The Best Paper Award, Financial Management Association Asian Meeting, Xiamen, May
2009
“Does Enforcement of Intellectual Property Rights Matter? Evidence from Financing
and Investment Choices in the High Tech Industry”.
The Best Paper Award, TCFA 15th Annual Conference, New York City, November 2009
“Does Enforcement of Intellectual Property Rights Matter? Evidence from Financing
and Investment Choices in the High Tech Industry”.
The Best Paper Award, AAA Northeast Regional Meeting, Newport, November 2008
“Capital Structure and Employee Pay: An Empirical Analysis”.
The Best Paper Award in Corporate Finance, Eastern Finance Association, Thirty-Ninth
Annual Meeting, Lake Buena Vista, Florida, April 2003.
“Buy-side Analysts, Sell-side Analysts, and Investment Decisions of Money Managers”.
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