Yunhong Yang

Yunhong Yang is a Professor of finance at the Guanghua School of Management, Peking University. After receiving his PhD in Probability and Statistics from Wuhan University in 1998, Yunhong joined Guanghua as an Assistant Professor. He became an Associate Professor in 2001 and has been a full professor since 2011.

Research Areas

• asset pricing
• investment analysis
• risk management

Education Background

• 1998 Wuhan university Probability and Statistics
  
• 1995 Wuhan university Probability and Statistics
  
• 1993 Jilin university Applied Maths
  

Career Experience

• 2011-present Professor of Finance, Guanghua School of Management
• 2001-2011 Associate Professor of Finance, Guanghua School of Management
• 2000-2001 Assistant Professor of Finance, Guanghua School of Management
• 1998-2000 Assistant Professor of Finance, Business School of Wuhan University

Selected Publications

• Bank capital, Interbank contagion, and Bailout Policy, Journal of Banking and Finance, 2013, 37(6): 2765-2778. (with Tian Suhua and Zhang Gaiyan)
• Informed futures trading and price discovery: Evidence from Taiwan futures and stock markets, Asia-Paciifc Financial Markets, 2013, forthcoming. (with Lee Yi-Tsung and Wu Wei-Shao)
• Stochastic growth with social-status concern: The existence of a unique stable distribution, Journal of Mathematical Economics, 2010, 46(4): 505-518. (with Gong Liutang, Zhao Xiaojun, Zou Hengfu）
• Does the stock market affect firm investment in China ?—A price informativeness perspective, Journal of Banking and Finance, 2009, 33(1): 53-62. (with Wang Yaping, Wu Liansheng)
• Existence of optimal consumption and portfolio rules with portfolio constraints and stochastic income, durability and habit formation, Journal of Mathematical Economics, 2000, 33:135-153.
• Martingale and relaxation-projection methods for utility maximization with portfolio constraints and stochastic income, Annals of Economics and Finance, 2000, 1:117-146.
• The spirit of capitalism, non-expected utility and asset pricing, Acta Mathematica Scientia, 1999, 19(4):409-416.