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Yu, Xiaoyun

Associate Professor of Finance
Indiana University

xiyu@indiana.edu

Educational Background

Ph.D., in Finance, Carlson School of Management, University of Minnesota

Experience

Professor Yu is an Associate Professor of Finance (with tenure) at the Kelly School of Business, Indiana University. Previously, she held positions as Assistant Professor of Finance at the Indiana University (2001‐2008), Visiting Assistant Professor of Finance at the University of Minnesota (2005‐2006), and Visiting Scholar at the Swedish Institute for Financial Research (2005).

Honors / Achievements

TCW Best Paper Award at the 2008 China International Conference
Indiana University Trustees Teaching Award, Kelley School of Business Dean’s Letter for Teaching Excellence

Short BIO

Professor Yu’s research areas includingCorporate Finance, Security Design, Initial Public Offerings, Financial Institutions, Market Microstructure, Political Economy of Finance. Her publications havebeen appeared in Journal of Finance, Journal of Business, Review of Financial Studies, Journal of Financial and Quantitative Analysis, Journal of Corporate Finance, and other leading academic journals. In addition, she co-authored a book chapter of Social Security Reform in China, published by Economic Science Press in 1999. Professor Yu is a member of the American Finance Association, the Western Finance Association and the Financial Management Association.

Publication

  • Publications

    Benveniste, Lawrence, Alexander Ljungqvist, William Wilhelm, and Xiaoyun Yu, 2003, “Evidence of Information Spillovers in the Production of Investment Banking Services”, Journal of Finance 58, 577‐608.

    Chang, Chun, and Xiaoyun Yu, 2004, “Investment Opportunities, Liquidity Premium and Conglomerate Mergers”, Journal of Business77, 45‐74.

    Bhattacharya, Utpal, Neal Galpin, Rina Ray, and Xiaoyun Yu, 2006, “The Role of the Media in the Launch of Internet IPOs”,Betriebswirtschaftliche Forschung und Praxis 58 (Special Issue on IPOs), 442‐456.

    Bhattacharya, Utpal, and Xiaoyun Yu, 2008, “The Causes and Consequences of Recent Financial Market Bubbles: An Introduction”,Review of Financial Studies 21, 3‐10.

    Benveniste, Lawrence, Huijing Fu, Paul Seguin, and Xiaoyun Yu, 2008, “On the Anticipation of IPO Underpricing: Evidence from Equity Carve‐outs”, Journal of Corporate Finance 14, 614‐629.

    Bhattacharya, Utpal, Neal Galpin, Rina Ray, and Xiaoyun Yu, 2009, “The Role of the Media in the Internet IPO Bubble”, Journal of Financial and Quantitative Analysis 44, 657‐682.

    Wang, Tracy, Andrew Winton, and Xiaoyun Yu, 2010, “Corporate Fraud and Business Conditions: Evidence from IPOs”, Journal of Finance 65, 2255‐2292.

    Chang, Chun, and Xiaoyun Yu, 2010, “Information Efficiency and Liquidity Premium as the Determinants of Capital Structure”, Journal of Financial and Quantitative Analysis 45, 401‐440.

    Yu, Frank, and Xiaoyun Yu, 2011, “Corporate Lobbying and Fraud Detection”, Journal of Financial and Quantitative Analysis 46, 1865-1891.

    Book Chapters

    Chang, Chun, and Xiaoyun Yu, 1999, “Relationship between Social Security in China and the Development of the Capital Markets”, in D. Xu, Z. Yin, and Y. Zheng, ed., Social Security Reform in China, Economic Science Press, Beijing, China.

    Xiaoyun Yu, 2011, “Market Microstructure” (in Chinese), in D., Ke, H. Li, and S. Lu, ed., Volume of Finance, Frontiers of Western Research in the Humanities and Social Sciences, Renda Press, Beijing, China.

    Xu, Dan (Danielle), and Xiaoyun Yu, 2011, “IPOs and SEOs” (in Chinese), in D., Ke, H. Li, and S. Lu, ed., Volume of Finance, Frontiers of Western Research in the Humanities and Social Sciences, Renda Press, Beijing, China.

Working Paper

  • Bhattacharya, Utpal, Alexander Borisov, and Xiaoyun Yu, “Firm Mortality and Natal Financial Care”

    Chang, Chun, Guanmin Liao, Xiaoyun Yu, and Zheng Ni, “Information from Relationship Lending: Evidence from Loan Defaults in China”

    Du, Qianqian, Frank Yu, and Xiaoyun Yu, “Beyond ‘Lost in Translation’: Cultural Proximity and theProcessing of Financial Information”

    Fu, Huijing, and Xiaoyun Yu, “Is Board Structure ‘One‐Size‐Fits‐All’? The Unintended Informational Consequence of the Sarbanes‐Oxley Acts”

    Giannetti, Mariassunta, and Xiaoyun Yu, “Connections and Information Acquisition in Capital Allocation”

    Giannetti, Mariassunta, Guanmin Liao, and Xiaoyun Yu, “The Brain Gain in Corporate Boards: A Natural Experiment from China”

    Gupta, Nandini, and Xiaoyun Yu, “Does Money Follow the Flag?”

    Jacobsen, Stacey E., Irina Stefanescu, and Xiaoyun Yu, “The ‘Real’ Value of Conflicted Analyst Coverage”

    Qian, Yiming, and Xiaoyun Yu, “Business Cycles, Firm Size and Market Reactions to News”

    Tian, Xuan, Gregory Udell, and Xiaoyun Yu, “Disciplining Delegated Monitors: The Consequences of Failing to Prevent Fraud”

    Yu, Xiaoyun, “Ownership Structure, Liquidity, and Investment Efficiencies”