Prof. Endong YANG (楊恩東)

• Ph.D in Finance, Nanyang Technological University, 2018
• B.Sc. in Mathematics, Nanyang Technological University, 2013

• Assistant Professor in Finance, Faculty of Business Administration, University of Macau, (2019 – Present)

• Empirical Corporate Finance, Corporate Social and Environmental Responsibility, Sustainable Finance
• Chinese Economy
• Corporate Disclosure
• FinTech

1. Ru, H., Yang, E., Zou, K. (2025). Early-Life Experience and CEOs’ Reactions to COVID-19. Journal of Accounting and Economics, 101734. https://doi.org/10.1016/j.jacceco.2024.101734(UTD24, ABS4*, FT50)
2. Ru, H., Yang, E. (2025). Government Credit and International Trade. Journal of Financial and Quantitative Analysis, https://doi.org/10.1017/S0022109024000413 (FT50, ABS4)
3. Chang, X., Jin, Y., Yang, E., Zhang, W. (2025). Corporate Taxes and Corporate Social Responsibility. Journal of Corporate Finance, forthcoming. (ABS4)
4. Yuan, L., Chen, X., Yang, E. (2024). Riding the Climate Surge: How Climate Change Dynamics Drives Green Innovation—Evidence from China. Organization & Environment, forthcoming. https://doi.org/10.1177/10860266241297378 (ABS3)
5. Chang, X., Chen, Y., Fu, K., Yang, E. (2024). Institutional investor horizons, information environment, and firm financing decisions. Journal of Contemporary Accounting and Economics, 20(1), 100397. https://doi.org/10.1016/j.jcae.2023.100397 (ABS2)
6. Huang, B., Yang, E., Zhang, Y. (2023). Board Surname Sharing and Investment Efficiency: Evidence from Chinese State-owned Enterprises. Corporate Governance: An International Review, 31(4), 597-624. https://doi.org/10.1111/corg.12483 (ABS3)
7. Ru, H., Yang, E., Zou, K. (2021). Combating the COVID-19 pandemic: The role of the SARS imprint. Management Science, 67(9), 5606-5615. (Podcast of INFORMS (Institute for Operations Research and the Management Sciences)) https://doi.org/10.1287/mnsc.2021.4015 (UTD24, ABS4*, FT50)
8. Si, Y., Xia, C., Yang, E. (2019). The bright side of investor sentiment: evidence from real activities manipulation. Asia-Pacific Journal of Accounting & Economics, 27(3), 327–351. https://doi.org/10.1080/16081625.2019.1673186 (ABS2)

1. “Redefining China’s Real Estate Market: Land Sale, Local Government, and Policy Transformation” (with Yaling Jin, Hong Ru, and Kunru Zou)
2. “Financialization in the Cryptocurrency Market” (with Xingjian Jiang, Wenjin Kang, and Ke Tang)
3. “The Effects of Environmental Policy on Industrial Pollution: A Supply Chain Perspective” (with Hong Ru and Kunru Zou)
4. “Smart Cities: Digital Solutions to a Green Future” (with Xiaoqing Maggie Fu, Hongli Jiang, and Jiahui Wu)
5. “Walk Their ESG talk? Socially Responsible Institutional Investors and Firm Innovations” (with Baibing Huang, Shaohua Tian, Yang Zhang)
6. “Stock Liquidity and Corporate Social Responsibility” (with Xin Chang, Weiqiang Tan, and Wenrui Zhang)

• FBA Outstanding Internal Service Award, University of Macau, AY2024/2025
• Incentive Scheme for Outstanding Academic Staff, University of Macau, AY2022/2023
• Dean’s Award for Research Excellence, University of Macau, AY2021/2022
• Outstanding Contribution in Reviewing, Pacific-Basin Finance Journal, 2018
• Excellent Graduate Student Teacher Award, Nanyang Business School, 2017
• AFA Doctoral Student Travel Grant, American Finance Association, 2016
• Nanyang President’s Graduate Scholarship, Nanyang Technological University, 2013–2017
• Lee Kuan Yew Gold Medal (top 1 student of the cohort upon graduation), NTU, 2013

• Principal Investigator, NSFC Young Scientists Fund, “Government Credit and Firm Environmental Performance: Mechanisms, Consequences and Spillover Effects”, Natural Science Foundation of China, 2024–2026.
• Principal Investigator, Multi-year Research Grant, “The impacts of stock liquidity on firms’ environmental policies and sustainability”, University of Macau, 2024–2025.
• Principal Investigator, Multi-year Research Grant, “The impacts of corporate cultures on firms’ investment and financing policies – The social identity perspective”, University of Macau, 2023–2024.
• Principal Investigator, Multi-year Research Grant, “Political Corruption, Corporate Social Responsibility, and Sustainability”, University of Macau, 2022–2023.
• Principal Investigator, Start-up Research Grant, “Determinants of firms’ stakeholder orientations and corporate social responsibility”, University of Macau, 2019–2021.
• Co-investigator, Multi-year Research Grant, “Impact of Transaction Costs on Investment Strategies and Asset Prices in Equilibrium”, University of Macau, 2023–
• Co-investigator, NSFC General Grant, “The Economic Value of Technological Innovation: Measurement, Determinants, and Economic Consequences”, Natural Science Foundation of China, 2021–2024.
• Co-investigator, General Research Fund (GRF), “Do ‘cov-lite’ loans improve firms’ investment flexibility? Evidence from corporate innovation”, Research Grants Council of Hong Kong, 2021–2023.

• Investments and Portfolio Management (Master)
• Portfolio Management (Undergraduate)
• Theory of Finance (Undergraduate)
• Graduation Project on Applied Finance (Undergraduate)
• Honours Project (Undergraduate)

1. 2025    China International Conference in Finance (CICF) – scheduled, Shenzhen University – scheduled
2. 2024    American Economic Association (AEA) Annual Meeting*, Asian FA, China International Conference in Finance (CICF)*, Western Economic Association International (WEAI) Annual Conference*, Singapore Economic Review Conference (SERC)*, Adam Smith Sustainability Conference and 2^nd Annual Conference of the British Accounting Review*, Shenzhen University, 青年资产定价学者论坛
3. 2023    Asian FA, Financial Management Association (FMA) Annual Meeting*, China Financial Research Conference (CFRC)*, China International Risk Forum (CIRF) and China Finance Review International (CFRI) Joint Conference
4. 2022    Singapore Scholars Symposium*, Asia-Pacific Corporate Finance Online Workshop (ACFOW)*
5. 2021    Asian Finance Association (Asian FA) Annual Conference*, Financial Markets and Corporate Governance Conference (FMCG)*
6. 2020    AEA Annual Meeting, Bank of Finland Institute for Economies in Transition (BOFIT) Discussion Papers*, USC Marshall China Workshop*, NTU*, Peking University*, PKU HSBC Business School*
7. 2019    SFS Cavalcade North America*, ABFER 7th Annual Conference*, NTU Finance Conference*, SERC, Guangdong-Hong Kong-Macao Area Research Forum on Business, CESifo Workshop on Banking and Institutions*, Xiamen University, Deakin University*, Lingnan University*, CUHK Shenzhen*, 海峡两岸暨港澳地区公共管理学术研讨会, 中国金融管理年会*
8. 2018    Australasian Finance & Banking Conference (AFBC)*, European Financial Management Association (EFMA) Annual Meeting*, Annual Conference of the Multinational Finance Society (MFS), Global Finance Conference (GFC), UIBE International Conference in Finance
9. 2017    Annual Conference of Asia-Pacific Management Accounting Association (APMAA)

(* Presented by co-authors)

• Management Science, Journal of Corporate Finance, Journal of Empirical Finance, Corporate Governance: An International Review, Journal of Business Research
• Pacific-Basin Finance Journal, Finance Research Letters, International Review of Finance, Economic Modelling, Asia-Pacific Journal of Financial Studies, Singapore Economic Review, Quarterly Journal of Finance, Review of Accounting and Finance, International Journal of Hospitality Management, China Accounting and Finance Review, International Review of Economics and Finance, Cross Cultural & Strategic Management, China: An International Journal, Financial Innovation, 经济学（季刊）
• FMA Annual Meeting 2018, FIRN Annual Conference 2018, China Journal of Accounting Studies Conference 2021, AsianFA Annual Conference 2022, AsianFA Annual Conference 2024, Midwest Finance Association Annual Conference 2025