Dr. John (Jianqiu) Bai is an Associate Professor of Finance at D'Amore-McKim School of Business at Northeastern University. His research and teaching interests are in empirical corporate finance, behavioral corporate finance, corporate diversification, and labor finance, with his most recent work focusing on Fintech, ESG, and DE&I-related issues.

Research Interests

Financial Markets, Fintech, Labor Markets, Corporate Social Responsibility, Corporate Disclosure

Ecudation

2009 - 2015: Ph.D. in Finance, Marshall School of Business, University of Southern California, USA

2007 - 2008: Master of Finance, Queen's University, Canada

2003 - 2007: Bachelor of Finance (Honors), University of British Columbia, Canada

Professional Experiences

2021 -         : Associate Professor (Tenured Professor), Joseph G. Riesman Research Professor, Gary Gregg Research Fellow, D’Amore-McKim School of Business, Northeastern University, USA

2015 - 2021: Assistant Professor, D’Amore-McKim School of Business, Northeastern University, USA

Academic Achievements and Standing

Professor Jian Qiu Bai has been engaged in financial theory and empirical research for a long time and enjoys a high international academic reputation. His main research directions include financial markets, fintech, labor markets, corporate social responsibility, corporate disclosure, etc. The main research contents cover the following five aspects:(1) Factors influencing the performance of the stock market and mutual funds; (2) Influencing factors of the labor market and their economic consequences; (3) Internal organization of enterprises and its economic consequences; (4) Influencing factors of information disclosure and their economic consequences; (5) Economic consequences brought about by fintech.He has published more than 20 papers in international top journals such as Journal of Finance, Review of Financial Studies, Journal of Financial Economics, Management Science, and Journal of Business Ethics, achieving a series of landmark results. The cumulative citation times on Google Scholar are 353.

(1) Factors Influencing the Performance of the Stock Market and Mutual Funds

Professor Jian Qiu Bai has delved into the factors influencing the performance of the stock market and mutual funds in the field of financial markets. He is good at deeply exploring various factors affecting the financial market based on the current environment. The research contents include the relationship between relative age and the performance of mutual fund managers, the relationship between offshore risk concentration and the performance of mutual fund managers, and the prediction of stock returns by offshore sales networks.

Representative Achievements

· What a Difference a (Birth) Month Makes: the Relative Age Effect and Fund Manager Performance, 2019, with Linlin Ma, Kevin Mullally, and David H. Solomon, Journal of Financial Economics, 123(1), 200-221.

· Fund Manager Skill in an Era of Globalization: Offshore Concentration and Fund Performance, 2021, with Yuehua Tang, Chi Wan, and Zafer Yuksel, Journal of Financial Economics.

· Offshore Sales Networks and Stock Return Predictability. Working paper, 2020.

(2) Influencing Factors of the Labor Market and Their Economic Consequences

Professor Jian Qiu Bai is a leading scholar in research related to the labor market. Regarding the influencing factors, he mainly explores the impact of bank credit on labor allocation from the perspective of the deregulation of the bank markets in various states of the United States. Regarding the economic consequences, he mainly explores the impact on aspects such as corporate investment and sales growth from the aspects of labor protection and labor market liquidity.

Representative Achievements

· The Impact of Bank Credit on Labor Reallocation and Aggregate Industry Productivity, 2018, with Daniel Carvalho and Gordon Phillips, Journal of Finance, 73(6), 2787-2836.

· Employment Protection, Investment, and Firm Growth, 2020, with DJ Fairhurst and Matthew Serfling, Review of Financial Studies, 33(2), 644-688.

· Growing Pains: The Effect of Labor Mobility on Corporate Investment over the Business Cycle. Working paper, 2021.

(3) Internal Organization of Enterprises and Its Economic Consequences

In the field of internal organization of enterprises, Professor Jian Qiu Bai mainly focuses on whether an enterprise is a group enterprise, corporate management practices, and whether there is participation of social capital. The research contents include the relationship between group enterprises and international trade, corporate management practices and mergers and acquisitions, and social capital and improper behavior of financial advisors.

Representative Achievements

· Organizational Form and Trade Liberalization: Plant-level Evidence, 2021, Management Science, 67(12), 7755–7784.

· Management Practices and Mergers and Acquisitions, 2022, with Wang Jin and Matthew Serfling, Management Science, 68(3),1591–2376.

· Managing Climate Change Risks: Sea Level Rise and Mergers and Acquisitions. Working paper, 2021.

(4) Influencing Factors of Information Disclosure and Their Economic Consequences

Professor Jian Qiu Bai has explored corporate information disclosure from two aspects: influencing factors and economic consequences. The research contents include the spillover effect of the litigation risks of peer law firms and the voluntary disclosure of focal law firms, and the relationship between information disclosure transparency and corporate wage premiums.

Representative Achievements

· Shareholder Litigation Risk and Peer Firm Disclosure. Working paper , 2021.

· Financial disclosure transparency and employee wages. Working paper, 2020.

(5) Economic Consequences Brought about by Fintech

Against the backdrop of the COVID-19 pandemic, Professor Jian Qiu Bai has explored from a cutting-edge perspective how digital technology has enhanced the feasibility of remote work, which in turn affects corporate performance. As the future development trend, fintech and digital technology permeate all aspects of daily life and have a certain impact on various sectors in China.

Representative Achievements

· Digital resilience: How work-from-home feasibility affects firm performance. National Bureau of Economic Research, 2021.