Luo Yan

Professor

Finance

Add: Guoshun Road Siyuan Building Room 219, Siyuan Building

Tel: 25011076(TEL)

E-mail: luoyan@fudan.edu.cn

Research Field: Behavioral Finance, Asset Pricing, Mutual Funds

Website:

Teacher information

Achievements in scientific research

Academic activities and community service

Academic Posts

2019.06—,Associate Editor,Research in International Business and Finance

Academic Conferences

2015.10, 2015 FMA Annual Meeting, Orlando, USA

2015.07, 2015 China International Conference in Finance, Shenzhen, China

2013.07, 2013 China International Conference in Finance, Shanghai

2012.12, 2012 Auckland Finance Meeting, Auckland, New Zealand

2012.12, 25th Australasian Finance and Banking Conference, Sydney, Australia

2012.10, 2012 FMA Annual Meeting, Atlanta, USA

2012.08, American Accounting Association (AAA) Annual Meeting 2012, Washington, DC, USA

2012.06, Western Finance Association (WFA) Annual Meeting 2012, Las Vegas, USA

2012.06, Canadian Academic Accounting Association (CAAA) Annual Conference 2012, Charlottetown, Canada

2011.12, The 24th Australasian Finance & Banking Conference 2011, Sydney, Australia

2011.10, 2011 FMA Annual Meeting, Denver, USA

2011.05, The 9th NTU International Conference on Economics, Finance and Accounting, Taiwan

2009.08, Global Quant Conference 2009 Old World, New Alphas, Singapore

2008.10, 2008 FMA Annual Meeting, Texas, USA

2008.07, 2008 China International Conference in Finance, Dalian, China

Case

Yan Luo，Xiaohuan Wang，Ningyu Zhou, A Fintech-powered Online Bank Fuels Rural Revitalization New Business Models, , 2021

Yan Luo, Introduction to quantitative investment: Case analysis of CapitalEdge, , 2019

Yan Luo, Overseas listing through SPAC——A case study of PAACs scquisition of Borqs International Holding Corp., , 2019

Yan Luo, The supply-chain ABS practice of Powerlong——Investigating a new financing tool for enterprises, , 2019

Yan Luo, The transformation of the wealth management industry by robo-advisor——A case study based on Sinolink Yong Fu, , 2018

Journal Papers

1.	Hua Cheng, Lingtian Kong, Tse-Chun Lin, Yan Luo, and Ningyu Zhou. 2024. Lottery-like features and mutual fund performance-flow sensitivity. Financial Management forthcoming 1-25.

2.	Yan Luo, Haohan Ren, and Hao Yang. 2024. Price limits, informed trading, and information consumption. Research in International Business and Finance 71 1-19.

3.	Wei Huang, Yan Luo, Xiaohuan Wang, and Lifu Xiao. 2022. Controlling shareholder pledging and corporate ESG behavior. Research in International Business and Finance 61 1-13.

4.	Wanyi Chen, Hengda Jin, and Yan Luo. 2022. Managerial political orientation and stock price crash risk. Journal of Accounting, Auditing & Finance forthcoming 829-847.

5.	Wei Huang, Yan Luo, and Chenyang Zhang. 2022. Accounting-based downside risk and stock price crash risk: Evidence from China. Finance Research Letters 45 1-6.

6.	Yan Luo, Xiaohuan Wang, ChenyangZhang, and Wei Huang. 2021. Accounting-based downside risk and expected stock returns: Evidence from China. International Review of Financial Analysis 78 1-13.

7.	Yan Luo, Xiaolin Qian, Jinjuan Ren, and Yanjian Zhu. 2020. Retail investors' biased beliefs about stocks that they hold: evidence from China's split share structure reform. The Singapore Economic Review 65(6) 1579–1599.

8.	Jeong-Bon Kim, Xiaoxi Li, Yan Luo, and Kemin Wang. 2020. Foreign investors, external monitoring, and stock price crash risk. Journal of Accounting, Auditing & Finance 35(4) 829-853.

9.	Hua Cheng, Dayong Huang, and Yan Luo. 2020. Corporate disclosure quality and institutional investors' holdings during market downturns. Journal of Corporate Finance 60 1-18.

10.	Yan Luo and Chenyang Zhang. 2020. Economic policy uncertainty and stock price crash risk. Research in International Business and Finance 51 1-14.

11.	Eric C. Chang, Tse-Chun Lin, Yan Luo, and Jinjuan Ren. 2019. Ex-day returns of stock distributions: An anchoring explanation. Management Science 65(3) 1076-1095.

12.	Yaniv Konchitchki, Yan Luo, Mary L.Z. Ma, and Feng Wu. 2016. Accounting-based downside risk, cost of capital, and the macroeconomy. Review of Accounting Studies 21(1) 1-36.

13.	Yan Luo, Xiaolin Qian, and Jinjuan Ren. 2015. Initial public offerings and air pollution: Evidence from China. Journal of Asia Business Studies 9(1) 99-114.

14.	Yan Luo, Jinjuan Ren, and Yizhi Wang. 2015. Misvaluation comovement, market efficiency and the cross-section of stock returns: Evidence from China. Economic Systems 39(3) 390-412.

15.	Eric C. Chang, Yan Luo, and Jinjuan Ren. 2014. Short-selling, margin-trading, and price efficiency: Evidence from the Chinese market. Journal of Banking & Finance 48 411-424.

16.	Eric C. Chang, Yan Luo, and Jinjuan Ren. 2013. Pricing deviation, misvaluation comovement, and macroeconomic conditions. Journal of Banking & Finance 37(12) 5285-5299.

17.	Eric C. Chang, Yan Luo, and Jinjuan Ren. 2013. Cross-listing and pricing efficiency: The informational and anchoring role played by the reference price. Journal of Banking & Finance 37(11) 4449-4464.

18.	Xinyi Xing, Yan Luo, and Song Shi. 2015. Effect of noise trade on stock returns: study based on individual stocks. Technology Economics 34(12) 116-124. (in Chinese)

19.	Haofeng Xu, Song Zhu, and Yan Luo. 2011. Information and the formation of security prices. Securities Market Herald (8) 41-45. (in Chinese)

Research Projects

2025.01—2028.12, Principal Investigator, Investors' Non-Pecuniary Green Preferences, Financial Market Decision-making and Pricing, and Environmental Consequences, National Natural Science Foundation of China

2023.09—2023.12, Principal Investigator, Households' Asset Allocation Behavior in China: Theory and Analysis, Ant Fortune

2021.01—2024.12, Principal Investigator, Controlling Shareholder Share Pledging and Its Influence: An Empirical Investigation Based On the Decomposition of Pledging Behavior, the Purpose of Pledging, And the Associated Effect at the Macro-Economic Level, National Natural Science Foundation of China

2019.08—2019.12, Principal Investigator, Research on ESOP for Pre-IPO Firms, Shanghai Automotive Educational Foundation

2019.03—2022.12, Principal Investigator, Lottery-like Features and Mutual Fund Flow-Performance Sensitivity, The University of Hong Kong- Fudan University IMBA Joint Research Fund

2018.07—2018.10, Principal Investigator, A Study on the Development of Cross-Border E-Commerce in Shenzhen-From the Perspective of Financial Innovation, Shenzhen Municipal Government Development Research Center

2018.01—2021.12, Principal Investigator, The Influence of Margin-purchase and Short-sale on Downside Risk and the Working Mechanism: Evidence from the Chinese A-share Market, National Natural Science Foundation of China

2017.06—2017.08, Principal Investigator, A Study on FinTech Development Policy, Shenzhen Municipal Government Development Research Center

2016.06—2016.08, Principal Investigator, A Study on the Prevention and Resolvation of Economic and Financial Risk during the 13th five-year Planning Period, Shenzhen Municipal Government Development Research Center

2016.01—2019.12, Member, Do Antidumping Measures Affect Chinese Export-related Firms, National Natural Science Foundation of China

2015.12—2016.04, Principal Investigator, The Development of Cultural Finance of Pudong, Shanghai Pudong Reform and Development Research Center

2015.08—2015.11, Principal Investigator, A Comparison of Start-up Costs across Beijing, Shanghai, Guangzhou, Shenzhen and Hongkong, Shenzhen Municipal Government Development Research Center

2015.08—2015.12, Principal Investigator, A Study on the Market Capitalization Management of Shanghai Automotive Industry Corporation (SAIC), Shanghai Automotive Industry Education Foundation

2015.06—2017.06, Principal Investigator, R², Noise Trading, and The Pricing Implications, The University of Hong Kong- Fudan University IMBA Joint Research Fund

2015.02—2015.05, Principal Investigator, A Study on the Historical Development of Short Selling and Its Impact on the Markets, CFFEX Institute for Financial Derivatives

2015.01—2018.12, Member, International of Chinese Firms, Voluntary Disclosure and Corporate Governance, National Natural Science Foundation of China

2015.01—2017.12, Principal Investigator, Earnings Downside Risk: A New Risk Measurement Based on Investors' Risk Preference and An Empirical Investigation of Its Influence on Capital Markets, National Natural Science Foundation of China

2014.04—2016.03, Principal Investigator, An Empirical Investigation of Earnings Downside Risk and Its Impact on Stock Markets, Shanghai Municipal Education Commission

2013.07—2013.12, Principal Investigator, Credit Control of Group Enterprises: Methods and Case Analysis, Shanghai Automotive Industry Education Foundation

2012.06—2014.05, Principal Investigator, Do Mutual Funds Gamble? The Performance-Induced Skewness-Adjusting Behavior of Fund, The University of Hong Kong- Fudan University IMBA Joint Research Fund

2012.01—2013.12, Principal Investigator, Earnings Downside Risk , Financial Research Center of Fudan University