Jialin Yu

Professor Jialin Yu is an Associate Professor of Finance at the Hong Kong University of Science and Technology. Before joining HKUST, he worked at the Graduate School of Business at Columbia University as Associate Professor of Finance. He has been a visiting associate professor at Princeton University. He holds Ph.D. degree in Economics from Princeton University, and bachelor degree in Economics from Fudan University. Professor Yu’s research focuses on investment and behavioral finance. His research articles have been published in top academic journals such as the American Economic Review, Journal of Finance, Journal of Financial Economics, Review of Financial Studies, among others. His research on Chinese warrants was cited in the scientific background of the 2013 Nobel Prize in Economic Sciences. His research was awarded the 1st Sun Yefang Financial Innovation Paper Award. In addition, he has received grants and awards from Morgan Stanley, KPMG, and Hong Kong government, among others. He has received recognition of excellent teaching and honor in MBA teaching from HKUST.

Academic qualifications

• Ph.D. Princeton University, Economics,2005
• M.A. University of Iowa, Economics,2000
• B.A. Fudan University, Economics,1998

ACADEMIC AND PROFESSIONAL EXPERIENCE

• Associate Professor, Hong Kong University of Science and Technology, Department of Finance, 2012–present
• Associate Professor, Columbia University, Graduate School of Business, 2008–2012
• Assistant Professor, Columbia University, Graduate School of Business, 2005–2008
• Lecturer, Columbia University, Graduate School of Business, 2004–2005.

Publications

• “Inflation Bets on the Long Bond,” with Harrison Hong and David Sraer, Review of Financial Studies, 2017.

• “Discussion of ‘The Impact of Policy Initiatives on Credit Spreads during the 2007-09 Financial Crisis’,” International Journal of Central Banking, 2013.

• “The Chinese Warrants Bubble,” with Wei Xiong, American Economic Review, 2011. Cited in the Scientific Background of the Nobel Prize in Economic Sciences, 2013.

• “Disagreement and Return Predictability of Stock Portfolios,” Journal of Financial Economics, 2011.

• “Gone Fishin’: Seasonality in Trading Activity and Asset Prices,” with Harrison Hong, Journal of Financial Markets, 2009.

• “High Frequency Market Microstructure Noise Estimates and Liquidity Measures,” with Yacine Aït-Sahalia, Annals of Applied Statistics, 2009.

• “Firms as Buyers of Last Resort,” with Harrison Hong and Jiang Wang, Journal of Financial Economics, 2008.

• “Simple Forecasts and Paradigm Shifts,” with Harrison Hong and Jeremy Stein, Journal of Finance, 2007.

• “Comment on ‘China's Exchange Rate Regime: The Long and Short of It’,” in China’s Financial Transition at a Crossroads, Columbia University Press, 2007.

• “Closed-Form Likelihood Approximation and Estimation of Jump-Diffusions with an Application to the Realignment Risk of the Chinese Yuan,” Journal of Econometrics, 2007.

• “Saddlepoint Approximations for Continuous-Time Markov Processes,” with Yacine Aït-Sahalia, Journal of Econometrics, 2006.

• “Lack-of-Recall and Centralized Monetary Trade,” with Ted Temzelides, International Economic Review, 2004.