Basic Information

Personal Introduction

Yin Haiyuan, male, Han ethnicity, born in Rizhao, Shandong, is the deputy dean, professor, and doctoral supervisor at the School of Business at Shaanxi Normal University. His main research directions include the microstructure theory of securities markets, the operation and regulation of capital markets, and financial development theory. In recent years, he has led 16 projects including the National Social Science Fund, the Ministry of Education's Humanities and Social Sciences Planning Fund, the Shaanxi Provincial Natural Science Fund, the Shaanxi Provincial Social Science Fund, and the Ministry of Education's Humanities and Social Sciences Youth Fund. As the sole or first author, he has published over 70 papers in SSCI journals, A-class important journals of the Management Science Department of the National Natural Science Foundation, and CSSCI journals, including the 'International Review Of Finance', 'International Journal of Emerging Markets', 'International Journal of Finance and Economics', 'Australian Economic Papers', 'China Industrial Economics', 'Journal of Management Sciences', 'Accounting Research', 'Systems Engineering Theory & Practice', 'Journal of Management Engineering', 'China Management Science', 'Management Review', 'Economist', 'Economic Review', etc. He has published 5 books. He was selected as a top 1% highly cited scholar by CNKI in 2024, with over 1680 citations for his Chinese and English papers. He has won 1 first prize for outstanding achievements in philosophy and social sciences in Shaanxi Province; 1 special prize, 1 first prize, 1 second prize, and 1 third prize for outstanding achievements in humanities and social sciences in universities in Shaanxi Province; and 2 third prizes for outstanding achievements in philosophy and social sciences in Xi'an. He was awarded the title of 'Excellent Social Worker of the National Social Sciences Federation' in 2017.

Work Experience

1999.07-2002.08: worked in accounting and credit management at Qingdao Agricultural Bank;
2005.06-2015.09: worked at the School of Business, Shaanxi Normal University, and served as the deputy director of the Business Research Center;
2010.02-2011.05: Assistant Dean at the International Business School, Shaanxi Normal University;
2015.11-2017.02: Deputy Head of Qishan County People's Government in Baoji City (on a temporary assignment), responsible for finance and economic work;
2019.09-2020.09: Visiting Scholar at the College of Business and Economics, Washington Western University, USA;
2017.07-present: Deputy Dean of the International Business School, Shaanxi Normal University, responsible for undergraduate education, discipline construction, laboratory construction, and international cooperation.

Education Background

2007.09-2011.11: Shaanxi Normal University International Business School Doctorate in Economics
2002.09-2005.06: Xi'an University of Technology School of Management Master's degree in Management
1995.09-1999.06: Xi'an University of Technology School of Management Bachelor of Economics

Awards Received

1. 'Institutional Investors Information Mining, Herd Behavior and Stock Price Crash Risk (Paper)' won the Special Prize of the 2024 Shaanxi Provincial Higher Education Humanities and Social Sciences Research Outstanding Achievement Award. (Winners: Yin Haiyuan, Zhu Xu)
2. 'The Predictive Effect of Investor High-Frequency Sentiment Based on Text Mining on Intraday Stock Returns (Paper)' won the first prize of the 15th Shaanxi Provincial Philosophy and Social Sciences Research Outstanding Achievement Award in 2022. (Winners: Yin Haiyuan, Wu Xingying)
3. 'The Predictive Effect of Investor High-Frequency Sentiment Based on Text Mining on Intraday Stock Returns (Paper)' won the first prize of the 2021 Shaanxi Provincial Higher Education Humanities and Social Sciences Research Outstanding Achievement Award. (Winners: Yin Haiyuan, Wu Xingying)
4. 'The Current Situation and System Construction of Internet Financial Regulation in China (Paper)' won the second prize of the 2019 Shaanxi Provincial Higher Education Humanities and Social Sciences Research Outstanding Achievement Award. (Winners: Yin Haiyuan, Wang Panpan)
5. 'The Optimal Behavior Pattern of Participants in the Stock Issuance Market and Legal Supervision (Paper)' won the third prize of the 2015 Shaanxi University Humanities and Social Sciences Outstanding Achievement Award. (Winner: Yin Haiyuan)
6. 'Cross-National Contagion and Spatial Dependence of Investor Sentiment in Stocks: Analysis Based on Spatial Panel Data of Seven Countries Including China and the United States (Paper)' won the third prize of the 2022 Xi'an Philosophy and Social Sciences Research Achievement Award. (Winners: Yin Haiyuan, Wang Panpan)
7. 'Research on Investor Behavior and New Interventionist Supervision (Monograph)' won the third prize of the 2018 Xi'an Philosophy and Social Sciences Outstanding Achievement Award. (Winner: Yin Haiyuan)

Intellectual Contribution

Journal Articles
1.A Direct Measure of Investor Sentiment, International Review of Finance,2025-03-01,25
2.Investor Sentiment, Information Efficiency and Stock Price Volatility: Evidence from Daily High-frequency Post Texts from Stock Communities, Journal of Nanjing Normal University (Social Science Edition),2025-01-25,(1):122-134
3.Can Information Exchange on Interactive Platform Improve the Internal Control Quality of Listed Companies? Data Evidence from “Interactive Easy” and “e-Interactive”, Collected Essays on Finance and Economics,2024-12-09,(4):87-100
4.Investor Sentiment Mining Based on Bi-LSTM Model and its Impact on Stock Price Bubbles, Studies in Nonlinear Dynamics and Econometrics,2024-12-05,28
5.Research on the Impact of Information Interaction of Invest or Interaction Platform on the Foam of Listed Companies’ Stock Prices: Evidence Based on Text Deep Learning, Systems Engineering-Theory & Practice,2024-11-20,44(11):3551-3570
6.The Impact of Mainstream Financial Press Attention on Stock Pricing Efficiency in the China Stock Market, Bulletin of Economic Research,2024-07-03,76
7.The Impact of Mainstream Financial Press Attention on Stock Pricing Efficiency in the China Stock Market, Bulletin of Economic Research,2024-07-01,76(3):773-796
8.Does Investor Sentiment Affect the Efficiency of Stock Pricing?———Textual Evidence from the Stock Community, Journal of Beijing Union University(Humanities and Social Sciences),2024-05-01,22(3):96-111
9.Investor Sentiment Based on Naive Bayes Method and Its Impact on Stock Idiosyncratic Risk, Chinese Journal of Management Science,2024-04-01,32(04):38-47
10.Investor Sentiment Mining Based on Deep Machine Learning and Its Impact on Stock Price Crash Risk, Journal of Central University of Finance & Economics,2024-03-01,(3):36-56
11.ESG Performance and Stock -pricing Efficiency of GEM Listed Companies: A Study Based on the Multi-layer Capital Market System, Journal of Shanghai University of Finance and Economics,2024-02-01,26(1):48-63
12.Supervisory Capability of Supervisor Board，Incentives to Supervisor Board and Stock Price Crash Risk of Listed Companies, Accounting Research,2023-08-01,(8):103-119
13.A Financial Restatement, Media Attention and Stock Idiosyncratic Risk in the Chinese Stock Market, International Journal of Emerging Markets,2023-06-27,18(7):1719-1741
14.Investor Sentiment, Order Flow Imbalance and Stock Liquidity, Chinese Journal of Management Science,2023-05-23,(5):60-70
15.Consumer Data Privacy Protection in the Digital Economy--Research Based on Data Ethics and Data Ownership,Economist,2023-04-05,(4):79-87
16.Investor Sentiment Mining Based on Bi-LSTM Model and Its Impact on Stock Price Bubbles, Chinese Journal of Management,2022-12-01,19(12):1874-1885
17.Daily Investor Sentiment, Order Flow Imbalance and Stock Liquidity: Evidence from the Chinese Stock Market, International Journal of Finance &  Economics,2022-10-20, 27 (4):4816-4836
18.Investor Financial Literacy, Decision-Making Behavior, and Stock Price Volatility-Evidence From Behavioral Experiments, Journal of Neuroscience Psychology and Economics, 2022-06-01,15(2):69-88
19.Financial Restatement，Media Attention and Stock Idiosyncratic Risk Volatility of Listed Companies, Finance and Trade Research,2022-04-28,33(5):96-110
20.Supervisory Capability of Supervisor Board, Incentives to Supervisor Board, and Stock Price Crash Risk, Bulletin of Economic Research,2022-04-01,74(2):622-649
21.Information Mining Capabilities of Institutional Investors, Herd Behavior and Stock Price Crash Risk, Journal of Management Sciences in China,2022-02-15,25(2):69-88
22.Information Mining Capabilities of Institutional Investors, Herd Behavior and Stock Price Crash Risk, Journal of Management Sciences in China,2022-02-01,25(2):69-88
23.Hometown Identity of Financial Officials, Financial Development and Promotion of Officials in China, Australian Economic Papers,2021-09-01,60(3):520-543
24.Financial Restatement, Media Attention and Stock Idiosyncratic Risk in China stock market, International Journal of Emerging Markets,2021-06-01,18(7):1719-1741
25.Daily Investor Sentiment, Order Flow Imbalance and Stock Liquidity: Evidence from the Chinese Stock Market, International Journal of Finance and Economics,2020-12-22,27(4):4816-4836
26.Hometown Identity of Financial Officials, Financial Development and Promotion of Officials in China, Australian Economic Papers,2020-11-25,60(3):520-543
27.Individual Characteristics, Social Networks and Investor Sentiment, Journal of Shanghai University of Finance and Economics,2020-09-01,22(5):109-137
28.Transnational Infection and Spatial Dependence of Stock Investor Sentiment: Based on Panel Data from Seven Countries such as China and US, Journal of Industrial Engineering and Engineering Management,2020-01-01,34(1):223-232
29.Finance Regulators’ Birthplace，Finance Development and Promotion of Local Officials: A Study Based on Provincial Panel Data in China, Journal of Central University of Finance & Economics,2020-01-01,(01):45-57
30.Institutional Investors’ Heterogeneous Information Ability and Stock Price Crash Risk Faced by Listed Companies, Financial Economics Research,2019-12-01,34(5):137-150
31.Investor Heterogeneous Beliefs, Expect Evolution and Stock Market Liquidity, Chinese Journal of Management Science,2019-10-01,27(10):12-21
32.Daily Investor Sentiment，Excess Return and Market Liquidity—Research on Time-varying Correlation based on DCC-GARCH Model, Journal of Beijing Institute of Technology(Social Sciences Edition),2019-09-01,21(5):76-87
33.Predictive Effect of High-frequency Investor Sentiment on the Intraday Stocks Return, China Industrial Economics,2019-08-01,(8):80-98

Project
1.Research on the Process Mechanism and Implementation Path of "Four Chains Integration"  in Shaanxi,2025-10-09
2.Research on Risk Early Warning and Response Strategies of China's Cross-Border Capital Flows Driven by Digital Intelligence,2025-09-29
3.Report on the Development of Inclusive Finance in Shaanxi 2023,2024-09-03
4.Annual Report on the Development of Shaanxi’s Financial Industry (2022),2023-05-19
5.Investor Sentiment Identification and High-Frequency Stock Factor Analysis Based on Multi-Source Social Network Data Fusion,2023-01-01,2024-12-31
6.Annual Report on the Development of Shaanxi’s Financial Industry in 2021 (Including Major Events),2022-10-20
7.Research on Investor Sentiment Recognition and Stock High-Frequency Factor Relationships Based on Multi-Source Social Network Data Fusion,2022-09-22
8.Research on Investor Sentiment Recognition and Its Relation to High-Frequency Stock Factors Based on Multi-Source Social Network Data,2022-09-22,2025-12-01
9.Research on Investor Sentiment Recognition and Stock High-Frequency Factor Relationships Based on Multi-Source Social Network Data Fusion,2022-03-01
10.Investor High-Frequency Sentiment Construction through Online Data Mining and Its Impact on Stock Market Dynamics,2020-04-01

Research Reports
1.Collaborative Governance of Illegal Intermediaries in Financial Intermediation Services, The provincial level,2025-03-21

Awards
1.Institutional Investor Information Mining, Herding Behavior and Stock Price Crash Risk,2024 Shaanxi Provincial Higher Education Institutions Outstanding Achievement Award in Humanities and Social Sciences Research,2025-02-28
2.Cross-Country Contagion and Spatial Dependence of Stock Investor Sentiment: An Analysis Based on Spatial Panel Data of Seven Countries including China and the US,2022 Xi'an Philosophy and Social Science Research Achievement Rating,2022-12-01
3.The Predictive Effect of High-Frequency Investor Sentiment on Intraday Stock Returns, The 15th Shaanxi Provincial Outstanding Achievement Award in Philosophy and Social Sciences,2022-07-01
4.The Predictive Effect of High-Frequency Investor Sentiment on Intraday Stock Returns, 2021 Shaanxi Higher Education Institutions Outstanding Achievement Award in Humanities and Social Sciences Research,2021-10-30
5.Current Situation and System Construction of Internet Financial Regulation in China,2019 Shaanxi Higher Education Institutions Outstanding Achievement Award in Humanities and Social Sciences Research,2019-04-01

Courses Taught

Graduate Thesis Writing Guidance--MBA Teaching
Academic Writing Guidance--PhD Teaching
Frontiers in Social Network Analysis--PhD Teaching
Innovation and Entrepreneurship: Theory and Practice--Undergraduate Teaching
Game Theory and Information Economics--Undergraduate Teaching
Financial Markets--Undergraduate Teaching
Behavioral Finance--Undergraduate Teaching
Game Theory and Information Economics II--Master Teaching
Financial Engineering II--Master Teaching
Financial Development Theory--Master Teaching
Behavioral Finance and Capital Market Operations--Master Teaching