Liu Yang is an Assistant Professor in Finance at the Smith School of Business of the University of Maryland.

Her research interests include theoretical and empirical corporate finance in the areas of mergers and acquisitions, corporate restructuring, corporate governance, labor economics and financial institutions. Her recent work on merger waves examines how and why public and private firms act differently during merger waves. She also uses corporate restructuring events to compare the quality of human capital in focused and conglomerate firms and to investigate how female leadership affects the gender wage gap for workers. Liu Yang’s work has been published in all three leading academic journals in finance such as the Journal of Finance, the Journal of Financial Economics, and the Review of Financial Studies.

Before joining the Smith School, Liu Yang was on the faculty at UCLA's Anderson School of Management. She received her Ph.D. in Finance from the University of Maryland, her M.S. (in both Economics and Statistics) from the University of Illinois and her B.A. from Peking University. Prior to earning her doctorate, Liu Yang worked as a Senior Financial Analyst in the Structured Finance group in Federal Home Loan Mortgage Corporation in McLean, VA.