Associate Professor of Finance

   Quinlan School of Business

   Loyola University Chicago

   E: zyang4@luc.edu

   Previous Positions

Montana State University 

• 2021. 7 - 2023. 6  Associate Professor of Finance

• 2015. 8 - 2021. 6  Assistant Professor of Finance

   Education

• 2015. 5  Ph.D in Finance, University of Oklahoma, Norman OK

   Dissertation: Three Essays on Credit Markets

• 2010. 2  Msc in Finance, Singapore Management University, Singapore

   Thesis: Two Essays on Institutional Trading

• 2007. 6  B.S. in Economics (International Economics), Shanghai Jiao Tong  University, Shanghai

    Accepted Papers and  Publication

         1.   "Market Volatility, Valuation Uncertainty, and the Underpricing of Corporate Bond Offerings", with Jeremy Goh and Paul Malatesta

         Journal of Fixed Income, Spring 2025

        2.  “Limits to Arbitrage, Market Sentiment, And Return Anomalies around Earnings Announcements”, with Jeremy Goh,                              forthcoming at Journal of Behavioral Finance, 2025

        3.     “Do Demand Curves for Corporate Bonds Slope Down?”, with Jeremy Goh and Paul Malatesta, 

         Journal of Fixed Income,  September 2024

        4.     “Do Underwriters Short-Change Corporations Issuing Bonds?” with Jeremy Goh

Journal of Financial and Quantitative Analysis, Forthcoming 2024

5.      Yang, Lisa and Jeremy Goh, "Efficiency and Sustainability of Bond Market: Evidence from Aftermarket Trading of US Corporate Bond Offerings" Pacific-Basin Finance Journal, Forthcoming 2024

6.       Ederington, Louis, Jeremy Goh, Yenteik Lee, and Lisa Yang (2019), “Are Bond Ratings Informative? Evidence from Regulatory Regime Changes”, Journal of Fixed Income, 29 (1) 6-19 (lead article).

7.       Ederington, Louis, Fang Lin, Scott Linn, and Lisa Yang (2019), “EIA Storage Announcements, Analyst Storage Forecasts, and Energy Prices”, Energy Journal 40, 5.

8.       Ederington, Louis, Wei Guan, and Lisa Yang (2019), “The Impact of the U.S. Employment Report on Exchange Rates”, Journal of International Money and Finance 90, 257-267.

9.       Yang, Lisa, Jeremy Goh, and Chiraphol Chiyachantana (2016), “Valuation Uncertainty, Market Sentiment and the Informativeness of Institutional Trades”, Journal of Banking and Finance 72, 81-98.

10.       Ederington, Louis, Wei Guan, and Lisa Yang (2015), “Bond Market Event Study Methods”, Journal of Banking and Finance 58, 281–293.