Robert J. Trulaske Sr., College of Business, University of Missouri

People Directory

Xuemin (Sterling) Yan

Richard G. Miller Professor of Finance & Professor
Finance
Office: 
427
Building: 
Cornell Hall
Office Hours: 
Monday: 9:30 am-11:00 am
Wednesday: 9:30 am-11:00 am
Phone: 
(573) 884-9708

Research interests include asset pricing, institutional investors, mutual funds, liquidity, and asset volatility. He has published in Journal of Finance, Review of Financial Studies, Journal of Financial and Quantitative Analysis, Journal of Corporate Finance, Financial Management, Financial Review, Review of Derivatives Research, and Journal of Financial Research.

Education: 

B.A., Renmin University of China, 1991
Ph.D., The University of Iowa, 2001

Publications

Journal Articles

B. Nikolic, and X. Yan, "Investor Overconfidence, Firm Valuation, and Corporate Decisions", forthcoming in Management Science.

X. Yan, and L. Zheng, "Fundamental Analysis and the Cross-Section of Stock Returns: A Data-Mining Approach", Review of Financial Studies 30, 2017, 1382-1423.

Nikolic, B. and X. Yan, "Momentum, Reversal, and Fund Manager Overconfidence", Financial Management 45, 2016, 609-639.

Brockman, P., B. Nikolic, and X. Yan, "Anticipating the 2007-2008 Financial Crisis: Who Knew What and When Did They Know It?" Journal of Financial and Quantitative Analysis 50, 2015, 647-669. 

Lynch, A., A. Puckett, and X. Yan, "Institutions and the Turn-of-the-Year Effect? Evidence from Actual Institutional Trades", Journal of Banking and Finance 49, 2014, 56-68.

Lynch, A., B. Nikolic, X. Yan, and H. Yu, "Aggregate Short Selling, Commonality, and Stock Market Returns", Journal of Financial Markets 17, 2014, 199-229. 

Hao, Q., and X. Yan, "The Performance of Investment Bank Affiliated Mutual Funds: Conflicts of Interest or Informational Advantage?"  Journal of Financial and Quantitative Analysis 47, 2012, 537-565

French, D., A. Lynch, and X. Yan, “Are Short Sellers Informed? Evidence from REITs” The Financial Review 47, 2012, 145-170.

Puckett, A., and X. Yan, "The Interim Trading Skills of Instituational Investors", Journal of Finance 66, 2011, 601-633.

Brockman, P., D. Chung, and X. Yan, "Block Ownership, Trading Activity, and Market Liquidity", Journal of Financial and Quantitative Analysis 44, 2009, 1403-1426. 

Ferris, S., and X. Yan, "Agency Costs, Goverance, and Organizational Forms: Evidence from the Mutual Fund Industry", Journal of Banking and Finance 33, 2009, 619-626.

Howe, J., E. Unlu, and X. Yan, "The Predictive Content of Aggregate Analyst Recommendations", Journal of Accounting Research 47, 2009, 799-821.

Yan, X., and Z. Zhang, "Institutional Investors and Equity Returns: Are Short-term Institutions Better Informed?", Review of Financial Studies 22, 2009, 893-924

Brockman, P., and X. Yan, "Blockholders and Firm-Specific Information", Journal of Banking and Finance 33, 2009, 308-316.

Sapp, T., and X. Yan, "Security Concentration and Active Fund Management: Do Focused Funds Offer Superior Performance?" Financial Review 43, 2008, 27-49.

Arena, M., S. Haggard, and X. Yan, "Price Momentum and Idiosyncratic Volatility," Financial Review 43, 2008, 159-190.

Yan, X., "Liquidity, Investment Style, and the Relation Between Fund Size and Fund Performance," Journal of Financial and Quantitative Analysis 43, 2008, 741-768.

Ferris, S. and X. Yan, "Agency Conflicts in Delegated Portfolio Management: Evidence from Namesake Mutual Funds,"  Journal of Financial Research 30, 2007, 473-494.

Ferris, S., and X. Yan, "Do Independent Directors and Chairman Matter? The Role of Boards of Directors in Mutual Fund Governance," Journal of Corporate Finance 13, 2007, 392-420.

Yan, X. "The Determinants and Implications of Mutual Fund Cash Holdings: Theory and Evidence," Financial Management 35 (2), 2006, 67-91.

Bali, T., X. Yan, and Z. Zhang, “Does Idiosyncratic Risk Really Matter?", Journal of Finance 60, 2005, 905-929.

Sapp, T., and X. Yan, "The NASDAQ-AMEX Merger, NASDAQ Reforms, and the Liquidity of Small Firms," Journal of Financial Research 26, 2003, 225-242.

Yan, X. "Valuation of Commodity Derivatives in a New Multi-Factor Model," Review of Derivatives Research 5, 2002, 251-271.

Houge, T., T. Loughran, G. Suchanek, and Yan, X., "Divergence of Opinion, Uncertainty and the Quality of Initial Public Offerings," Financial Management 30 (4), 2001, 5-23.