Tong Yu

Tong Yu is a Professor of Finance in the Lindner School of Business at the University of Cincinnati. His teaching and research interests are on asset pricing, risk management and insurance, and investments of institutional investors. He published works in academic journals such as the Journal of Financial Economics, Management Science, Journal of Accounting Research, Journal of Financial Intermediation, Journal of Banking and Finance, and Journal of Risk and Insurance. Professor Yu received the Early Career Scholastic Achievement Award from the American Risk and Insurance Association in 2011.

Ph D: University of South Carolina 2001

MBA: Georgia State University 1996

BA: Fudan University 1990

Empirical Asset Pricing, Risk Management, and Institutional Investments

08-2015 - Professor, University of Cincinnati,

07-2013 -07-2015 Professor, University of Rhode Island,

07-2007 -07-2013 Associate Professor, University of Rhode Island,

07-2001 -07-2007 Assistant Professor, University of Rhode Island,

Published Abstracts

Yu, Tong;Xuanjuan;Zhenzhen;Tong In Search of Habitat .[Abstract]

Yu, Tong Liquidity Premium in the Eye of the Beholder: An Analysis of the Clientele Effect in the Corporate Bond Market .[Abstract]

Other Publications

Chen, Xuanjuan; Sun, Zhenzhen; Yao, Tong; Yu, Tong In Search Habitat . Journal of Monetary Economics

Chen, Fang; Huang, Jing-Zhi; Sun, Zhenzhen; Yu, Tong Why Do Firms Issue Guaranteed Corporate Bonds? . Journal of Banking and Finance

Huang, Jing-Zhi; Sun, Zhenzhen; Yao, Tong; Yu, Tong Liquidity Premium in the Eye of Beholder: An Analysis of the Clientele Effect in Corporate Bond Market . Management Science

Ali, Ashiq; Chen, Xuanjuan; Yao, Tong; Yu, Tong Mutual Fund Competition and Profiting from the Post Earnings Announcement Drift . Journal of Banking and Finance

Busaba, Walid; Guo, Lin; Sun, Zhenzhen; Yu, Tong (08-2015. ) The Dark Side of Cross-listing: A Perspective from China .57 , Journal of Banking and Finance

Xiang, George; Yu, Tong Tilt Nickels to Diamonds: A New Method of Orthogonization and Deleveraging . Financial Analyst Journal

Zhong, Ming; Sun, Zhenzhen; Lai, Gene; Yu, Tong (03-2015. ) Cultural Influence on Insurance Consumption: Insights from the Chinese Insurance Market .3 (1 ) , China Journal of Accounting Studies

Chen, Jane; Yao, Tong; Zhang, Jeffery; Yu, Tong (2014. ) Learning and Incentives: A Study Based on Analyst Response to Pension Underfunding .45 , Journal of Banking and Finance

Chen, Frank; Chen, Xuanjuan; Sun, Zhenzhen; Yu, Tong (2013. ) Systemic Risk, Financial Crisis and Credit Risk Insurance . (48 ) , Financial Review

Watanabe, Akiko; Xu, Yan; Yao, Tong; Yu, Tong (2013. ) The Asset Growth Effect and Market Efficiency: Insights from International Stock Markets . (108 ) , Journal of Financial Economics

Yu, Tong (2013. ) What Drives Corporate Pension Plan Contributions: Moral Hazard or Tax Benefit Hypotheses . (69 ) , Financial Analyst Journal

Yao, Tong; Zhang, Jeffery; Yu, Tong (2011. ) Asset Growth and Stock Returns: Evidence from Asian Financial Markets . (19 ) , Pacific-Basin Finance Journal

Ren, Yayuan; Sun, Qixiang; Sun, Zhenzhen; Yu, Tong (2011. ) Do Underwriting Cycles Affect Property Casualty Insurer Investment Risk Taking? Stock versus Mutual Insurers . (30 ) , Journal of Insurance Regulation

Chen, Xuanjuan; Kim, Ken; Yao, Tong; Yu, Tong (2010. ) On the Predictability of Chinese Stock Returns .18 , Pacific-Basin Finance Journal

Chen, Xuanjuan; Doerpinghaus, Helen; Lin, Bingxuan; Yu, Tong (2008. ) Catastrophic Losses and Firm Profitability: Evidence from 9/11 .75(1) , Journal of Risk and Insurance

Ali, Ashiq; Chen, Xuanjuan; Yao, Tong; Yu, Tong (2008. ) Do Mutual Funds Profit from Accruals Anomalies? .46(1) , Journal of Accounting Research

Yu, Tong; Chen, Xuanjuan; Lin, Bingxuan; Oppenheimer, Henry (2008. ) Intangible Assets and Firm Asset Risk Taking: Evidence from the Insurance Industry . (11(1) ) , Risk Management and Insurance Review

Lai, Gene; McNamara, Michael; Yu, Tong (2008. ) The Wealth Effect of Demutualization: Evidence from the U.S. Property-Liability and Life Insurance Industries . (75(1) ) , Journal of Risk and Insurance

Jiang, George; Yao, Tong; Yu, Tong (2007. ) Do Mutual Funds Time the Market? Evidence from Portfolio Holdings . (86 ) , Journal of Financial Economics

Chen, Xuanjuan; Yao, Tong; Yu, Tong (2007. ) Prudent Man or Agency Problem? On the Performance of Insurance Mutual Funds . (16 ) , Journal of Financial Intermediation

Chen, Xuanjuan; Yao, Tong; Yu, Tong (2006. ) How Does Background Risk Affect Investment Risk-taking? Evidence from Insurers’ Corporate Bond Portfolios . (Special Issue ) , Geneva Paper on Risk and Insurance: Issues and Practice

Niehaus, Greg; Yu, Tong (2005. ) Cash Balance Plan Conversions: Evidence on the Excise Tax and Implicit Contracts . (72(2) ) , Journal of Risk and Insurance

Yu, Tong; Lin, Bingxuan; Wang, Mulong; Feldhaus, William (2004. ) Capacity Constraints and IPO Underpricing in the Property and Liability Insurance Industry . (27(2) ) , Journal of Insurance Issues

Harrington, Scott; Yu, Tong (2003. ) Do Property and Liability Insurance Underwriting Margins Have Unit Roots? . (70(4) ) , Journal of Risk and Insurance

Book Chapter

Harrington, Scott; Niehaus, Greg; Yu, Tong (2013 ) Insurance Price Volatility and Underwriting Cycles USA, Handbook of Insurance, Kluwer Academic Press

Invited Presentations

Yu, Tong (06-2017. ) Liquidity Premium in the Eye of the Beholder: An Analysis of the Clientele Effect in the Corporate Bond Market .Taiwan National Chengchi University, Seminar. .

Yu, Tong (01-2017. ) In Search of Habitat .University of Cincinnati, School of Law, Workshop. .

Yu, Tong (04-2015. ) In Search of Habitat .Boston Area Finance Symposium, Boston Area Finance Symposium, Boston. Conference. . Level:Regional

05-2018 Dean"s List of Teaching Excellence Level:College Type:Teaching

05-2018 Nominee of Undergraduate Teaching Award Type:Teaching

12-2017 Dean"s List of Teaching Excellence Level:College Type:Teaching

04-2013 Best Research Paper Award Research award for outstanding research papers Level:University Type:Scholarship/Research

08-2011 Early Career Scholarly Achievement Award The award honors the distinguished achievement of risk management and insurance scholars who are within 10 years of award of the Ph.D. degree. Level:International Type:Scholarship/Research

2010 Best Feature Paper in Corporate Finance Level:Regional Type:Scholarship/Research

2009 Best Feature Paper Award Type:Scholarship/Research

2009 Dean"s Annual Research Award Level:University Type:Scholarship/Research

2007 William A. Orme Working Paper Series Level:University Type:Scholarship/Research

2006 Shin Award for Research Excellence Level:International Type:Scholarship/Research

2006 William A. Orme Working Paper Series Level:University Type:Scholarship/Research

2004 Best Paper Award Level:National Type:Scholarship/Research

2004 Shin Award for Research Excellence Level:International Type:Scholarship/Research

2003 Shin Award for Research Excellence Level:International Type:Scholarship/Research

Li, Xin Directed Individual/Independent Study Status:In-Process 12-01-2017

Business and Social Science Librarian Search Committee Committee Member Type:University Level:University 08-2017 -12-2017

Business and Social Science Librarian Search Committee (Identify and interview job candidates for the business and social science librarian position ) Committee Member Type:University Level:University 01-2017 -05-2017

Department Promotion and Tenure Committee (Review colleagues" performance and provide input on promotion and tenure decisions. ) Committee Member Type:Departmental Service Level:Department 07-2016

Grievance Committee Committee Member Type:University/College Service Level:University 08-2018 -08-2019

Grievance Committee Committee Member Type:University/College Service Level:University 01-2017 -05-2017

China International Risk Forum (Supervise the activities of the international risk forum ) Co-Chairperson Type:Prof. Org. Level:Service to Professional Associations 01-2017

Pacific Basin Finance Journal (Guest Editor, Special Issues on Financial Risk Management ) Type:Prof. Org. Level:Service to Professional Associations 01-2017

Program Committee of Financial Management Association (FMA) (Review papers; organize and chair academic sessions ) Member Type:Prof. Org. Level:Service to Professional Associations 01-2017

Journal of Financial Counseling and Planning (Assign papers to reviewers and review papers for the journal ) Editor, Associate Editor Type:Prof. Org. Level:Service to Professional Associations 01-2016

Program Committee of Midwest Financial Association (MFA) (Review papers; organize academic sessions ) Member Type:Prof. Org. Level:Service to Professional Associations 01-2016

Journal of Insurance Issues (Assign papers to reviewers ) Editor, Associate Editor Type:Prof. Org. Level:Service to Professional Associations 01-2012

Shanghai Risk Forum (Acted as the co-chair of the Shanghai Risk Forum ) Co-Chairperson Type:Prof. Org. Level:Service to Professional Associations 12-2015 -12-2015

American Risk and Insurance Association, Early Career Scholastic Achievement Award (Chaired the committee for the Early Career Scholastic Achievement Award ) Chairperson Type:Prof. Org. Level:Service to Professional Associations 01-2015 -05-2015

08-01-1999: American Finance Association, National

01-01-1998 -12-31-2055: American Risk and Insurance Association, National

01-01-1998 -12-31-2055: Financial Management Association International, International

FIXEDINCO

IRM RISK MANAGEMENT

RISK MANAGEMENT

FIXEDINCO

FIXEDINCOME

INDSTDY

IRM RISK MANAGEMENT

IRM RISK MANAGEMENT

RISK MANAGEMENT

RISK MANAGEMENT

IRM RISK MANAGEMENT

PRINC. OF RISK/INS

FIXED INCOME

Modeling, Pricing, and Managing Risk

Principles of Risk and Insurance

Risk Management of Financial Institutions

Risk Management of Financial Institutions

Modeling, Pricing, and Managing Risk

07-01-2017 -07-01-2017 Introductory R To learn the basics of the R language, Type:Workshop