{"id":1059,"date":"2024-05-28T16:46:14","date_gmt":"2024-05-28T20:46:14","guid":{"rendered":"https:\/\/damore-mckim.northeastern.edu\/cem\/people\/john-jianqiu-bai\/"},"modified":"2026-09-08T13:49:03","modified_gmt":"2026-09-08T17:49:03","slug":"john-jianqiu-bai","status":"publish","type":"dmsb_person","link":"https:\/\/damore-mckim.northeastern.edu\/cem\/people\/john-jianqiu-bai\/","title":{"rendered":"John (Jianqiu) Bai"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Dr. John (Jianqiu) Bai is a 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&amp;I-related issues.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Selected Publications<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u201cThe Impact of Bank Credit on Labor Reallocation and Aggregate Industry Productivity\u201d, 2018, with Daniel Carvalho and Gordon Phillips,<em>&nbsp;Journal of Finance<\/em>, 73(6), 2787-2836.<\/li>\n\n\n\n<li>\u201cWhat a Difference a (Birth) Month Makes: the Relative Age Effect and Fund Manager Performance\u201d, 2019, with Linlin Ma, Kevin Mullally, and David H. Solomon,&nbsp;<em>Journal of Financial Economics<\/em>, 123(1), 200-221.<\/li>\n\n\n\n<li>\u201cEmployment Protection, Investment, and Firm Growth\u201d, September 2019, with DJ Fairhurst and Matthew Serfling,&nbsp;<em>Review of Financial Studies<\/em>, 33(2), 644-688.<\/li>\n\n\n\n<li>\u201cOrganizational Form and Trade Liberalization: Plant-level Evidence\u201d, 2020,&nbsp;<em>Management Science<\/em>, Forthcoming.<\/li>\n\n\n\n<li>\u201cManagement Practices and Mergers and Acquisitions\u201d, 2021,&nbsp;<em>Management Science<\/em>, 67(12), 7755\u20137784 (Solo-authored).<\/li>\n\n\n\n<li>\u201cFund Manager Skill in an Era of Globalization: Offshore Concentration and Mutual Fund Performance\u201d, 2021, with Yuehua Tang, Chi Wan, and Zafer Yuksel,&nbsp;<em>Journal of Financial Economics<\/em>, 145(2) Part A, 18-40.<\/li>\n\n\n\n<li>\u201cWhat do Outside CEOs Really Do? Evidence from Plant-level Data\u201d, 2022, with Anahit Mkrtchyan,&nbsp;<em>Journal of Financial Economics<\/em>, 147(1), January 2023, 27-48<\/li>\n\n\n\n<li>\u201cProximity and Knowledge Spillover\u201d, 2023, with Wang Jin and Sifan Zhou,&nbsp;<em>Management Science<\/em>, Forthcoming<\/li>\n\n\n\n<li>\u201cYour Company Will Need Remote Work as Extreme Weather Gets Worse\u201d, with Erik Brynjolfsson, Wang Jin, Sebastian Steffen and Chi Wan, Harvard Business Review (Online) 2023<\/li>\n\n\n\n<li>\u201cPlatform-provided Disclosure on Investor Base and Entrepreneurial Success: Evidence from Crowdfunding\u201d, 2023, with Ting Chen, Xiumin Martin, and Chi Wan (The Accounting Review, Forthcoming)<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Selected Presentations<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Bai, John (Jianqiu) (presenter and author), &#8220;Organizational Form, Restructuring, and Productivity: Plant-level Evidence from Tariff Shocks&#8221;, Northern Finance Association, 2015<\/li>\n\n\n\n<li>Bai, John (Jianqiu) (author only), Carvalho, Daniel (presenter and author), and Phillips, Gordon (author only), &#8220;The Impact of Bank Credit on Labor Reallocation and Aggregate Industry Productivity&#8221;, NBER Summer Institute Corporate Finance Meetings, 2015<\/li>\n\n\n\n<li>Bai, John (Jianqiu) (presenter and author), Carvalho, Daniel (author only), and Phillips, Gordon (author only), &#8220;The Impact of Bank Credit on Labor Reallocation and Aggregate Industry Productivity&#8221;, American Finance Association, 2016 (scheduled)<\/li>\n\n\n\n<li>Bai, John (Jianqiu) (presenter and author) and Ling, Yun (author only), &#8220;Optimal Disclosure as a Trade-off between Capital and Product Market Considerations: Theory and Evidence&#8221;, Northern Finance Association PhD Consortium, 2014<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Education<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>PhD Finance, University of Southern California<\/li>\n\n\n\n<li>MS Finance, Queen's University<\/li>\n\n\n\n<li>BComm Finance, University of British Columbia<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Research &amp; Teaching Interests<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Bai's research and teaching interests are in empirical corporate finance with a focus on labor finance and using machine learning and textual analysis to study asset price movements and interactions between firms and markets.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Industry &amp; Academic Experience<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Prior to joining Northeastern University, Bai has taught and served as a research assistant at University of Southern California. He has also taught English at New Oriental English School in Beijing, China.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Awards &amp; Recognition<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Deans' Sixth Year Fellowship, University of Southern California, 2014<\/li>\n\n\n\n<li>FMA Doctoral Consortium, Financial Management Association, 2014<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Associate Professor, Finance; Gary Gregg Faculty Research Fellow; Patrick F. and Helen C. Walsh Research Professor<\/p>\n","protected":false},"author":7,"featured_media":1060,"menu_order":0,"template":"","meta":{"post_unlisted":false,"post_preheader":"","post_footer":"","footnotes":"","dmsb_screen_reader_heading":"","dmsb_featured_image_focal_point":{"x":0.5,"y":0.5},"dmsb_distribute_to":[]},"category":[],"dmsb_group":[],"dmsb_person_type":[45],"dmsb_expertise":[81,102,105,74],"dmsb_person_industry":[],"dmsb_person_geography":[],"class_list":["post-1059","dmsb_person","type-dmsb_person","status-publish","has-post-thumbnail","hentry","dmsb_person_type-faculty-fellow","dmsb_expertise-ai","dmsb_expertise-finance","dmsb_expertise-fintech","dmsb_expertise-innovation"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>John (Jianqiu) Bai - Center for Emerging Markets<\/title>\n<meta name=\"description\" content=\"Associate Professor, Finance; Gary Gregg Faculty Research Fellow; Patrick F. and Helen C. 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