Keith L. Cook Professor of Finance, Finance

Professor, Finance

PhD in Finance, Boston College

BA in International Economics, Fudan University

asset pricing and investments

Li, W., Yao, T., & Ying, J. (2024). Investment Policies and Risk Sharing by Corporate Pensions. Journal of Economic Dynamics and Control. 165 pp. 104891.

Yao, T., Chen, X., Sun, Z., & Yu, T. (2023). In Search of Habitat. Review of Asset Pricing Studies. 13 (266-306).

Chen, J., Xu, X., & Yao, T. (2023). Capital Mobility and Long-run Return-risk Trade-offs of Industry Portfolios. Journal of Empirical Finance. 70 pp. 123-143.

Poon, P., Yao, T., & Zhang, A. (2022). The Alphas of Beta and Idiosyncratic Volatility. Journal of Financial Markets. 61 pp. 100720.

Shen, K., Tong, L., & Yao, T. (2021). Heterogenous Turnover-Performance Relations. Journal of Banking and Finance. 124 pp. 106054.

Chen, X., Huang, J., Sun, Z., Yao, T., & Yu, T. (2020). Liquidity Premium in the Eye of Beholders: An Analysis of the Clientele Effect in the Corporate Bond Market. Management Science. 66 (2) pp. 932-957.

Ali, A., Chen, J., Yao, T., & Yu, T. (2020). Can Mutual Funds Profit from the Post Earnings Announcement Drift? The Role of Competition. Journal of Banking and Finance. 114 pp. 105774.

Chen, X., Sun, Z., Yao, T., & Yu, T. (2020). Does Operating Risk Affect Portfolio Risk? Evidence from Insurers' Securities Holding. Journal of Corporate Finance. 62 pp. 101579.

Chen, L., Jiang, G., Xu, D., & Yao, T. (2020). Dissecting the Idiosyncratic Volatility Anomaly. Journal of Empirical Finance. 59 pp. 193-209.

Ali, A., Liu, M., Xu, D., & Yao, T. (2019). Corporate Disclosure, Analyst Forecast Dispersion, and Stock Returns. Journal of Accounting, Auditing and Finance. 34 (1) pp. 54-73.

Jiang, G., Shen, K., Wermers, R., & Yao, T. (2025). Costly Information Production, Information Intensity, and Mutual Fund Performance.

Cao, C., Liang, B., Yao, T., & Zhang, A. (2023). Liquidity Characteristics of Market Anomalies and Institutional Trading.

Henry B. Tippie Research Fellow in Finance, Finance, University of Iowa, 2013 - 2024