Yueran Ma

Yueran Ma is assistant professor of finance and Liew Family Junior Faculty Fellow at Chicago Booth. Her main research interest is empirical studies at the intersection of finance and macroeconomics. Her work covers topics including debt contracts and macroeconomic implications, assets and production activities of non-financial firms, low interest rates and financial markets, and expectations in finance and macroeconomics. She received B.A. summa cum laude and Phi Beta Kappa in Applied Mathematics and Ph.D. in Business Economics from Harvard University.

New Data Shows the Rise of Corporate Concentration in the US in the Past 100 Years

New research observing 100 years of concentration in economic activities and investment in research and development shows that the dominance of large...

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Fear of Punishment Distorts Bank Financial Reporting

When bank employees are afraid of punishment from regulators, they are likely to conceal information about their faulty decisions. This in turn...

Should The Competitive Process Test Replace The Consumer Welfare Standard?

Jonathan Kanter, Assistant Attorney General for the Department of Justice Antitrust Division, recently gave a speech condemning the use of the consumer...

Delaware: The State Where Companies Can Vote

Adapted from What’s the Matter with Delaware: How the First State Has Favored the Rich, Powerful, and Criminal—and How It Costs Us...

The NCAA Goes After College Athletes’ NIL Money—Here are the Antitrust Implications for Workers and Consumers

Having lost in the Supreme Court on student-athlete academic benefits, the NCAA has signaled a continuing attempt to suppress competition in the...

Have Business Roundtable Companies Lived Up to Their Stakeholder Commitments?  

In 2019, more than 100 CEOs of US public companies signed a Business Roundtable statement in which they pledged to deliver value...

Do Protests Matter At All for Shifting Government Policy Around Economic Redistribution?

New research on the effectiveness of protests on government distributions provides insights into the political incentives of a country’s leadership and the...

Mergers and Smoking Guns

A recently uncovered memo from George Stigler and Richard Posner reveals how they thought about antitrust and merger policy in advising the...