Liu Yang is an Associate Professor in Finance (with tenure) at the Smith School of Business of the University of Maryland. She is also the Executive Director of the Federal Statistical Research Data Center at the University of Maryland (UMD FSRDC).
Dr. Yang's primary research interest is in the area of corporate finance including mergers and acquisitions, investment, corporate governance, and labor and finance. Her recent papers compare investment decisions between public and private firms using establishment-level data to examine firms’ growth trajectory and merger decisions over the business cycle. She also uses employer-employee data from the Census Bureau to study the interaction between human capital and organizational structures and gender wage gap. Dr. Yang’s work has been published in all three leading academic journals in finance including the Journal of Finance, the Journal of Financial Economics, and the Review of Financial Studies.
Before joining the Smith School, Dr. 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.