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Fan Yu
Gordon C. Bjork Associate Professor of Financial Economics and George R. Roberts Fellow
Robert Day School of Economics and Finance
Claremont McKenna College
500 E. Ninth Street
Claremont, CA 91711

2011-2013:

Visiting Associate Professor of Finance
Shanghai Advanced Institute of Finance
Shanghai Jiao Tong University
Datong Plaza, 5th Floor
211 West Huaihai Road
Shanghai, China 200030

Email: fyu@cmc.edu or fyu@saif.sjtu.edu.cn
Phone: +86 (China) 21 (area code) 62932270

Research

"Credit Derivatives and Earnings Announcements," with George Batta and Jiaping Qiu (2012)

"Endogenous Liquidity in Credit Derivatives," with Jiaping Qiu, Journal of Financial Economics 103(3), 611-631 (2012)

"The Determinants of Operational Risk in U.S. Financial Institutions,” with Anna Chernobai and Philippe Jorion, Journal of Financial and Quantitative Analysis 46(6), 1683-1725 (2011)

"Pricing Credit Default Swaps with Option-Implied Volatility," with Charles Cao and Zhaodong Zhong, Financial Analysts Journal 67(4), 67-76 (2011)

"The Information Content of Option-Implied Volatility for Credit Default Swap Valuation,” with Charles Cao and Zhaodong Zhong, Journal of Financial Markets 13(3), 321-343 (2010)

"The Market for Corporate Control and the Cost of Debt,” with Jiaping Qiu, Journal of Financial Economics 93(3), 505-524 (2009)

"Risk and Return in Fixed Income Arbitrage: Nickels in Front of a Steamroller?” with Jefferson Duarte and Francis Longstaff, Review of Financial Studies 20(3), 769-811 (2007)

"Correlated Defaults in Intensity-Based Models,” Mathematical Finance 17(2), 155-173 (2007)

"How Profitable Is Capital Structure Arbitrage?Financial Analysts Journal 62(5), 47-62 (2006)


"Accounting Transparency and the Term Structure of Credit Spreads,” Journal of Financial Economics 75(1), 53-84 (2005)

"Default Risk and Diversification: Theory and Empirical Implications,” with Robert Jarrow and David Lando, Mathematical Finance 15(1), 1-26 (2005)

"Default Correlation in Reduced-Form Models,” Journal of Investment Management 3(4), 33-42 (2005)

"Is Investor Misreaction Economically Significant? Evidence from Short- and Long-Term S&P 500 Index Options,” with Charles Cao and Haitao Li, Journal of Futures Markets 25(8), 717-752 (2005)

"Modeling Expected Return on Defaultable Bonds,” Journal of Fixed Income 12(2), 69-81 (2002)

"Counterparty Risk and the Pricing of Defaultable Securities,” with Robert Jarrow, Journal of Finance 56(5), 1765-1799 (2001)

"Interest Rate, Currency and Equity Derivatives Valuation Using the Potential Approach,” with Naosuke Nakamura, International Review of Finance 1(4), 269-294 (2000)

"What Is the Value of Knowing Uninformed Trades?Economics Letters 64(1), 87-98 (1999)