Yi Zhou, Ph.D.

Role: 
Faculty
Department: 
Finance
Position: 
Assistant Professor
Office: 
SCI 357
Phone: 
(415) 338-2661
Office Hours: 
Th 4:00 PM - 6:00 PM; F 8:00 AM - 9:00 AM, 12:00 PM - 1:00 PM
Advising Duties & Hours: 
Advisor: Undergrad
Biography: 

Professor Yi Zhou is an assistant professor of finance at San Francisco State University (SFSU). She has been a part of the COB faculty since 2016. Her research interests are empirical asset pricing, art and finance. She has published in the Journal of Financial Economics (two papers), Journal of Banking and Finance, Journal of Empirical Finance, and the European Journal of Finance. She has won two research awards from Global Association of Risk Professionals (GARP), one research award from Center for Hedge Fund Research (CHFR), and the Best Paper Award of the American Association of Individual Investors of the Midwest Finance Association. She has taught courses in Derivatives, Risk Management, Corporate Finance, Investment, Business Finance, Private Equity and Venture Capital. She holds a PhD in Finance, MA in Statistics, and MA in Economics from the University of California, Los Angeles. She also holds a MA in Astrophysics from the University of California, Berkeley.

Education: 

Ph.D., Finance, University of California at Los Angeles (UCLA), Los Angeles, CA.
M.S., Statistics (Concurrent), UCLA, Los Angeles, CA.
M.A., Economics (Concurrent), UCLA, Los Angeles, CA.
M.S., Astrophysics, University of California at Berkeley, Berkeley, CA.
B.S., Space Physics, University of Science & Technology of China (USTC), P.R.China.

Research Interests: 

Empirical Asset Pricing, Derivatives, Credit Risk, Default Risk and Volatility.

Publications:

1. The Term Structure of Credit Spreads, Firm Fundamentals, and Expected Stock Returns (with Bing Han and Avanidhar Subrahmanyam) (Journal of Financial Economics, 2017, Volume 124, Issue 1, April 2017, Pages 147-171) (Social Science Research Network (SSRN)'s Top Ten Download Paper) (Top Ten Session of FMA 2011 Meeting)

2. Capital Structure Effects on the Prices of Individual Equity Call Options (with Robert Geske and Avanidhar Subrahmanyam) (Journal of Financial Economics, 2016, Volume 121, Issue 2, August 2016, Pages 231-448, Lead Article) (Social Science Research Network (SSRN)'s Top Ten Download Paper)

3. Narcissism and the Art Market Performance (European Journal of Finance, 2017, Volume 23, Issue 13, Pages 1197-1218, Lead Article, Published online: 15 Mar 2016, http://dx.doi.org/10.1080/1351847X.2016.1151804)

4. Understanding the Term Structure of Credit Default Swap Spreads (with Bing Han) (Journal of Empirical Finance, Volume 31, March 2015, Pages 18-35) (Winner of American Association of Individual Investors Award at 2013 Midwest Finance Association (MFA) Annual Meeting in Chicago) (Social Science Research Network (SSRN)'s Top Ten Download Paper)

5. Credit Default Swap Spread and Variance Risk Premia (with Hao Wang and Hao Zhou) (Journal of Banking and Finance, Volume 37, Issue 10, October 2013, Pages 3733-3746, Lead Article) (Winners of the Research Awards of Global Association of Risk Professionals (GARP) (2009) and Center for Hedge Fund Research (CHFR) at Imperial College London (2009))

Honors and Awards: 

1. Research Productivity Award for 2016-2017, Exemplary Research Award, College of Business, San Francisco State University, August 2017
2. Development of Research and Creativity (DRC) Grants, funded by California State University (CSU) Chancellor's Office Finance Department, March 2017
3. The top 10% of Authors on Social Science Research Network (SSRN) by total new downloads within the last 12 months, May 2017 to Present
4. The top 10% of Authors on SSRN by all-time downloads, July 2017 to Present
5. The top 10% of Authors on SSRN by total new downloads this month, April 2017 to May 2017
6. Pacific Basin Finance Journal Research Excellence Award, the Second Shanghai Risk Forum 2016, Firm Specific Uncertainty, Individual Stock Variance Risk Premium and the Cross-Section of Stock Returns, with Bing Han, Shanghai, P.R.China, 2016
7. Global Association of Risk Professionals (GARP) Research Award, Sovereign CDS Term Structure and International Equity Market Returns, with Bing Han, 2013
8. American Association of Individual Investors Award, Understanding the Term Structure of Credit Default Swap Spreads, with Bing Han, Midwest Finance Association (MFA) Annual Meeting in Chicago, 2013
9. Global Association of Risk Professionals (GARP) Research Award, Credit Default Swap Spreads and Variance Risk Premia, with Hao Wang and Hao Zhou, 2009
10. Center for Hedge Fund Research (CHFR) Research Award, Credit Default Swap Spreads and Variance Risk Premia, with Hao Wang and Hao Zhou, Imperial College London, 2009