Research

Published Articles

• Can Large Language Models Improve Enforcement Screening? Evidence from Mortgage Complaint Narratives
  Lin, Y. (2026). Finance Research Letters, 110784.
  Abstract ↓
  This paper investigates whether large language models can assist regulators and financial institutions in identifying complaint narratives that warrant enforcement attention. Using mortgage complaint text data, the study evaluates LLM-based screening against traditional approaches and discusses implications for scaling consumer-protection oversight.
• From Barter to Central Banking: A Multi-Round Classroom Simulation of Money, Banking, and Financial Markets
  Carson, B., & Lin, Y. (2026). Virginia Economic Journal, Forthcoming.
  Abstract ↓
  This paper describes a multi-round classroom simulation in which students progress from barter to money and central banking, developing intuition for the emergence of monetary institutions and financial markets through structured, sequential gameplay.
• When do institutional shorts discipline bubbles?
  Jin, H., Lin, Y., & Zhang, H. (2025). Finance Research Letters, 108789.
  Abstract ↓
  This paper examines the conditions under which institutional short sellers act as a disciplining force during asset price bubbles. We analyze the interplay between short-selling constraints, institutional investor behavior, and market efficiency, identifying the circumstances in which short interest is associated with subsequent price corrections.
• The Intersection of Climate Beliefs and Sustainability: An Empirical Study of Energy Efficiency Premiums in the Residential Real Estate Market
  Lin, Y. (2024). Journal of Finance Issues, 22(1), 38–53.
  Abstract ↓
  Building on both the certification literature and previous work on the impact of climate change on real estate prices, this paper investigates how the prices of more sustainable homes differ from conventional homes. Using comprehensive sales transaction data merged with energy rating data of U.S. real estate properties, this paper finds that properties with better energy ratings are sold at a premium compared to those with poor energy performance. The results also suggest that the premium is more profound among neighbourhoods that are more concerned about sustainability and environmental issues.
• Birth order and executive risk-taking: A study on CEO behavioral disposition
  Lin, Y. (2023). International Business Research, 16(11), 1–11.
  Abstract ↓
  This paper explores the potential influence of chief executive officers' (CEOs') birth order on corporate decision-making. Drawing upon both theoretical frameworks and existing empirical studies, birth order considerably impacts individual personality attributes and risk aversion tendencies. Our analyses reveal a pronounced positive association between CEO's birth order and their propensity for risk-taking. Specifically, CEOs born later in their familial succession are more inclined to risk-taking than their first-born counterparts, who are more conservative. These findings persist after controlling for CEO characteristics, year, and industry-specific factors.

Working Papers

• Rating Inflation and Investor Discounting in Peer-to-Peer Lending: Evidence from Prosper during COVID-19
  Lin, Y., with T. Hussain & L. Purda. Revise & Resubmit at Journal of Banking & Finance.
• Bridging the Gap: Financial Literacy as a Pathway to Enhancing Well-Being Among Indigenous Populations in Canada
  Lin, Y., with E. Ng.

Selected Work in Progress

• Artificial Intelligence Exposure and Financial Inclusion
• Can Students Do More Than Calculate? A Scaffolded Authentic Approach to Developing Financial Capability

Case Study Book Chapters

• SKETCH: Lease or Buy and Finance with Community Bonds?
  Lin, Y. (2026). Case No. 126-0079-1. The Case Centre.
• An Integrated View of How Digital Finance Shapes Startup Growth on FinTech, Alternative Funding, and Founder Behavior
  Lin, Y. (2027). In N. Bentouir, A. Khalil, A. Hussain, & A. Ola (Eds.), Impacts of FinTech, Alternative Funding Sources, and Behavioral Economics on Startup Growth (pp. 1–32). IGI Global Scientific Publishing.

Conference Presentations