Byeong-Je (Jay) An

I study how information, disclosure, and uncertainty shape corporate decisions and financial markets. My work uses theoretical models and empirical analysis, with applications to sustainable finance, household finance, and portfolio choice.

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Selected Research

Risk Choice and Voluntary Disclosure

The Accounting Review, 2026 · With Suil Pae

How firms’ risk-reduction investments interact with voluntary disclosure, investor risk aversion, and the availability of private information.

Voluntary Disclosure with Evolving News

Journal of Financial Economics, 2021 · With Cyrus Aghamolla

Why managers may disclose news that lowers today’s stock price to preserve greater disclosure flexibility in the future.

The Joint Cross Section of Stocks and Options

Journal of Finance, 2014 · With Andrew Ang, Turan Bali, and Nusret Cakici

Evidence that stock and option prices predict one another in patterns consistent with informed trading across both markets.

All publications and working papers →

About

I am an assistant professor of finance at the Fowler College of Business, San Diego State University. Before joining SDSU in 2023, I was on the faculty at Nanyang Business School, Nanyang Technological University. I received my PhD in finance from Columbia Business School.