Lishuai Lian, Jianrong Wang, and Bo Wang Economic Analysis and Policy (forthcoming) DOI: https://doi.org/10.1016/j.eap.2026.07.039 What the paper is about When a country opens its stock market to foreign investors, the usual hope is that sophisticated outsiders will raise the quality of local corporate governance. We ask a question that has received far less attention. What happens to the domestic minority shareholders who already do most of the day-to-day monitoring inside Chinese firms once that opening arrives?...

Jianrong Wang, Bo Wang, and Wokun Zhou Applied Economics (forthcoming) DOI: https://doi.org/10.1080/00036846.2026.2687734 What the paper is about A firm’s stock price is supposed to reflect its fundamentals, but that reflection depends on someone inside the firm translating raw information into a form the market can use. In most countries this translation job is scattered across several officers, the CFO, investor relations, legal counsel, which makes it hard to pin disclosure quality on any one individual....

Bo Wang, Haizhi Wang, Michael Wang, and Xiaotian Tina Zhang Managerial Finance, Vol. 51 No. 12, pp. 1817-1830. DOI: https://doi.org/10.1108/MF-09-2024-0678 What the paper is about Labor unions are conventionally understood as wage negotiators, but the wage premium they once secured for members has been shrinking, and unions appear to have shifted their attention toward non-wage benefits such as pensions, health coverage, and profit sharing. We ask whether that shift also shows up in a less-studied part of the compensation package, stock options granted broadly to rank-and-file employees rather than to executives....

Hui Li, Hao Shen, Bo Wang, and Haizhi Wang Managerial Finance, Vol. 51 No. 4, pp. 549-566 DOI: https://doi.org/10.1108/MF-09-2024-0706 What the paper is about Some corporate directors also hold executive positions at commercial banks that lend to the firms whose boards they sit on. Because a bank bears the downside of a loan without sharing in the upside of a risky investment, these affiliated banker directors have reason to be more risk-averse than an ordinary board member, and earlier work has linked their presence to lower leverage, more conservative investment, and steadier stock prices....

Jianrong Wang, Wenjia Li, Bo Wang, and Zhenyuan Wang Applied Economics, Vol. 57 No. 55, pp. 9345-9359 DOI: https://doi.org/10.1080/00036846.2024.2416090 What the paper is about Digital transformation, folding tools like AI, big data, and cloud computing into how a firm operates, has become a strategic priority for firms in emerging markets such as China, pushed along by government initiatives like Made in China 2025. Much of the existing research asks whether digitalization helps firms grow or innovate....

Nada Kobeissi, Iftekhar Hasan, Bo Wang, Haizhi Wang, and Desheng Yin Regional Studies, Vol. 57 No. 1, pp. 57-71 DOI: https://doi.org/10.1080/00343404.2022.2030053 What the paper is about Most research on what drives regional innovation focuses on firms that trade publicly, even though private firms make up the bulk of American businesses and tend to pursue a broader, more exploratory kind of innovation. This paper turns to a factor that has drawn little attention in that context, social capital, defined as the civic norms and social networks that let a community act collectively....