Miao Ben Zhang
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Assistant Professor of Finance and Business Economics
USC Marshall School of Business


Research Interests: Labor and Finance, Firm Dynamics, Asset Pricing, Corporate Finance, AI and Big Data

​My research is at the intersection of finance and labor economics. My work focuses on integrating the finance literature with labor economics to provide a more comprehensive understanding of firms' decision-making. I have studied questions central to recent corporate concerns, including firms' adoption of automation and AI in the workplace, responses to government job-creation stimulus, competition for key talent, and reactions to regulatory burdens. My approach combines careful empirical designs and measurements, utilizing high-quality microdata alongside economic theory, to derive implications for firm performance, asset pricing, and policy making.


What's New?
“Generative AI and Firm Values” received a revise and resubmit (2nd round) at the Journal of Finance
“Talent Market Competition and Firm Growth” received a revise and resubmit (2nd round) at the Journal of Finance
“The Cost of Regulatory Compliance in the United States” received a revise and resubmit (2nd round) at the Review of Finance Studies
“Haven't We Seen This Before? Return Predictions from 200 Years of News” is a new paper
“Foreign Geopolitical Risk and U.S. Firm Productivity: The Role of Immigrant Labor” is a new paper coming soon


Teaching Interests: I teach Business Finance at USC and received the “Golden Apple Award for Core Teaching” in 2023 voted by students.description

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