Published/Forthcoming papers


1.      Chien-Yu Huang, Youchang Wu, Yibai Yang, and Zhijie Zheng, Monetary Policy in a Schumpeterian Growth Model with Vertical R&D Sectors, forthcoming, Journal of Money, Credit and Banking.

2.      Michael Gofman and Youchang Wu, 2022, Trade Credit and Profitability in Production Networks, Journal of Financial Economics, vol. 143, no. 1, 593-618.

3.      Youchang Wu, 2021, The Causes and Challenges of Low Interest Rates: Insights From Basic Principles and Recent Literature, China Finance Review International, vol. 11, no. 2, 145-169.

4.      Oliver Levine and Youchang Wu, 2021, Asset Volatility and Capital Structure: Evidence from Corporate Mergers, Management Science, vol. 67, no.5, 2273-2798.

5.      Michael Gofman, Gill Segal, and Youchang Wu, 2020, Production Networks and Stock Returns: The Role of Vertical Creative Destruction, Review of Financial Studies, vol. 33, no.12, 58565905

6.      Liang Ma, Antonio Mello, and Youchang Wu, 2020, First Mover Advantage, Time to Finance, and Cash Holdings, Journal of Corporate Finance, vol. 62, 101584.

7.      Youchang Wu, Russ Wermers, and Josef Zechner, 2016, Managerial Rents vs. Shareholder Value in Delegated Portfolio Management: The Case of Closed-End Funds, Review of Financial Studies, vol. 29, no.12, 3428-3470. A short summary of the paper on Harvard Law Review Forum on Corporate Governance and Financial Regulation.

8.      David P. Brown and Youchang Wu, 2016, Mutual Fund Flows and Cross-Fund Learning Within Families, Journal of Finance, vol. 71, no.1, 383-424. Internet Appendix. The working paper version of this paper contains many analytical results derived under the assumption that the true skills are time-varying.

9.      Thomas Dangl and Youchang Wu, 2016, Corporate Investment over the Business Cycle, Review of Finance, vol. 20, no.1, 337-371.

10.   Neal Stoughton, Youchang Wu, and Josef Zechner, 2011, Intermediated Investment Management, Journal of Finance, vol. 66, no. 3, 947-980. Internet appendix.

11.   Thomas Dangl, Youchang Wu, and Josef Zechner, Market Discipline and Internal Governance in the Mutual Fund Industry, Review of Financial Studies, 2008, vol. 21, no. 5, 2307-2343.