Keywords

	Tong Yao Assistant Professor
	Finance S304  John Pappajohn Bus Bldg The University of Iowa, Iowa City, IA 52242-1994	Ph: 319-335-3924 Fax: 319-335-3690 E-mail: tong-yao@uiowa.edu Website CV

Academic History

• BA in International Economics, Fudan University
• PhD in Finance, Boston College

Expertise

• Stock return predictability; Investment management; Mutual funds

Awards

• Crowell Research Award, 3rd Prize, PanAgora Asset Management, 2012
• Annual Research Award, First Prize, INQUIRE Europe, 2007
• Outstanding Paper Award, International Conference on Asia-Pacific Financial Markets, 2007
• Research Data Grant, NAIC, 2007
• Research Grant, INUQIRE UK, 2007
• Best Paper Award, Geneva Association and International Insurance Society, 2006
• Research Grant, BSI Gamma Foundation, 2006
• Research Grant, INQUIRE UK, 2006
• Research Grant, Q Group, 2006
• Research Grant, INQUIRE Europe, 2005
• Best Paper Award, International Insurance Society, 2004
• Distinguished Paper Award, Decision Science Institute, 2004
• CQA Academic Paper Competition, 3rd Prize, Chicago Quantitative Alliance, 2001
• Crowell Research Award, finalist, PanAgora Asset Management, 2001

Selected Publications

• The Asset Growth Effect: Insights from International Equity Markets, Akiko Watanabe, Yan Xu, Tong Yao, Tong Yu, Journal of Financial Economics, vol 108, 2013, 529-563
• Mutual Fund Skills and the Performance of Corporate Acquirers, Amrita Nain, Tong Yao, Journal of Financial Economics, 2013 - Publication Details Forthcoming
• Forecasting Stock Returns though An Efficient Aggregation of Mutual Fund Holdings, Russell Wermers, Tong Yao, Jane Zhao, Review of Financial Studies, vol 25, 2012, 3490-3529
• Stock Price Jumps and Cross-sectional Return Predictability, George Jiang, Tong Yao, Journal of Financial and Quantitative Analysis, 2012 - Publication Details Forthcoming
• Asset Growth and Stock Returns: Evidence from Asian Financial Markets, Shaw Chen, Tong Yao, Tong Yu, Jeffery Zhang, Pacific Basin Finance Journal, vol 19, 2011, 115-139
• On the Predictability of Chinese Stock Returns, Xuanjuan Chen, Ken Kim, Tong Yao, Tong Yu, Pacific Basin Finance Journal, vol 18, 2010, 403-425
• The Information Content of Idiosyncratic Volatility, George Jiang, Danielle Xu, Tong Yao, Journal of Financial and Quantitative Analysis, vol 44, 2009, 1-28
• Do Mutual Funds Profit from the Accruals Anomaly?, Ashiq Ali, Xuanjuan Chen, Tong Yao, Tong Yu, Journal of Accounting Research, vol 46, 2008, 1-26
• Dynamic Factors and the Source of Momentum Profits, Tong Yao, Journal of Business and Economic Statistics, vol 26, 2008, 211-226
• Do Mutual Funds Time the Market? Evidence from Portfolio Holdings, George Jiang, Tong Yao, Tong Yu, Jouornal of Financial Economics, vol 86, 2007, 724-758
• Prudent Man or Agency Problem? On the Performance of Insurance Mutual Funds, Xuanjuan Chen, Tong Yao, Tong Yu, Journal of Financial Intermediation, vol 16, 2007, 175-203
• Testing Heterogeneous-agent Kernels: An Alternative Aggregation Approach, Pierluigi Balduzzi, Tong Yao, Journal of Monetary Economics, vol 54, 2007, 369-412

Working Papers

• R&D Spillover and Predictable Returns, Yi Jiang , Yiming Qian , Tong Yao
• Corporate Disclosure, Analyst Forecast Dispersion, and Stock Returns, Ashiq Ali, Mark Liu, Danielle Xu, Tong Yao
• Dissecting the Idiosyncratic Volatility Anomaly, Linda Chen, George Jiang, Danielle Xu, Tong Yao
• In Search of Habitat, Xuanjuan Chen, Zhenzhen Sun, Tong Yao, Tong Yu
• Informed Option Trading and Stock Market Mispricing, Redouane Elkamhi, Yong Lee, Tong Yao
• Mutual Fund Competition and Profiting from the Post Earnings Announcement Drift, Ashiq Ali, Jane Chen, Tong Yao, Tong Yu
• Uncommon Value: The Investment Performance of Contrarian Funds, Kelsey Wei, Russell Wermers, Tong Yao
• Learning and Incentives: A Study Based on Analyst Response to Pension Underfunding, Jane Chen, Tong Yao, Tong Yu, Jeffery Zhang