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Mindy Xiaolan

Assistant Professor

Department:     Finance

Research Areas:     Asset Pricing, Capital Markets, Capital Structure

Xiaolan Mindy Zhang headshot

Dr. Mindy Z. Xiaolan is an assistant professor of finance at McCombs School of Business. She received her Ph.D. in Finance from the University of California, Los Angeles in 2014. She conducts research at the intersection between macroeconomics and finance. Specifically, she works on macro finance, equilibrium asset pricing, dynamic contracting, dynamic corporate theory, labor and finance.



WFA/USC Marshall School of Business Trefftzs Award for Best Student Paper



China International Conference in Finance Yihong Xia Best Paper Award



WFA Cubist Systematic Strategies Ph.D. Candidate Award for Outstanding Research


Zhengyang Jiang, Hanno Lustig, Stijn Van Nieuwerburgh, and Mindy Z. Xiaolan. Nov 2023. Fiscal Capacity: An Asset Pricing Perspective.
Annual Review of Financial Economics 15: 197-219.

Michael Sockin, and Mindy Z. Xiaolan.  Nov 2023.
Delegated Learning and Contract Commonality in Asset Management.

Review of Finance 27(6): 1931-1975.

Zhengyang Jiang, Hanno N. Lustig, Stijn Van Nieuwerburgh, and Mindy Z. Xiaolan. Measuring U.S. Fiscal Capacity Using Discounted Cash Flow Analysis. Brookings Papers on Economic Activity.  Forthcoming.

Barney Hartman-Glaser, Hanno Lustig, and Mindy Z. Xiaolan. 2019. Capital Share Dynamics When Firms Insure Workers. Journal of Finance74(4), 1707-1751.


Qi Sun and Mindy Z. Xiaolan. 2019. Financing Intangible Capital. Journal of Financial Economics 133(3), 564-588.