Yiyuan Zhang

Finance Ph.D. Student

The University of Texas at Austin
McCombs School of Business

My research interests are in Real Estate, Corporate Finance, Financial Intermediation, and Macro-Finance. I study how financial frictions and real estate markets shape firm behavior, resource allocation, and aggregate economic activity.

Portrait of Yiyuan Zhang

Working Papers

The Intangible Gap

with Mindy Z. Xiaolan

We study why small firms invest more intensively in intangible capital despite facing tighter financing constraints.

Presentations: ABFER (Singapore, 2026); EFA (Ghent, 2026)