Tong Yu

University of Cincinnati - Department of Finance - Real Estate

Professor

College of Business Administration

Cincinnati, OH 45221

United States

SCHOLARLY PAPERS

28

DOWNLOADS
Rank 6,227

SSRN RANKINGS

Top 6,227

in Total Papers Downloads

9,915

SSRN CITATIONS
Rank 12,596

SSRN RANKINGS

Top 12,596

in Total Papers Citations

73

CROSSREF CITATIONS

21

Scholarly Papers (28)

1.

Do Mutual Funds Time the Market? Evidence from Portfolio Holdings

AFA 2005 Philadelphia Meetings Paper, Journal of Financial Economics (JFE), Vol. 86, 2007
Number of pages: 49 Posted: 16 Jan 2005 Last Revised: 23 Jun 2020
George J. Jiang, Tong Yao and Tong Yu
Washington State University, University of Iowa - Henry B. Tippie College of Business and University of Cincinnati - Department of Finance - Real Estate
Downloads 1,432 (18,986)
Citation 12

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market timing, mutual fund

2.

In Search of Habitat

Number of pages: 72 Posted: 19 Apr 2012 Last Revised: 04 Jun 2021
Shanghai University of Finance and Economics, University of Massachusetts Dartmouth, University of Iowa - Henry B. Tippie College of Business and University of Cincinnati - Department of Finance - Real Estate
Downloads 1,239 (23,591)

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Preferred habitat; bond yield; quantitative easing

3.

Can Mutual Funds Profit from Post Earnings Announcement Drift? The Role of Competition

Journal of Banking and Finance, Forthcoming
Number of pages: 61 Posted: 14 Mar 2012 Last Revised: 08 Mar 2020
University of Texas at Dallas - Naveen Jindal School of Management, Shanghai University of Finance and Economics, University of Iowa - Henry B. Tippie College of Business and University of Cincinnati - Department of Finance - Real Estate
Downloads 1,091 (28,373)
Citation 5

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mutual funds, competition, post earnings announcement drift, anomaly

The Asset Growth Effect: Insights from International Equity Markets

Number of pages: 58 Posted: 16 Mar 2011 Last Revised: 27 Jan 2013
University of Alberta - School of Business, HKU, Faculty of Business and Economics, University of Iowa - Henry B. Tippie College of Business and University of Cincinnati - Department of Finance - Real Estate
Downloads 938 (34,667)
Citation 34

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asset growth effect, investment-based asset pricing, international capital market

The Asset Growth Effect: Insights from International Equity Markets

Journal of Financial Economics (JFE), Volume 108, Issue 2, May 2013, Pages 529-563, University of Alberta School of Business Research Paper No. 2013-913
Posted: 21 Feb 2013 Last Revised: 14 Jun 2013
University of Alberta - School of Business, HKU, Faculty of Business and Economics, University of Iowa - Henry B. Tippie College of Business and University of Cincinnati - Department of Finance - Real Estate

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asset growth effect, international stock markets

5.

Do Mutual Funds Profit from the Accruals Anomaly?

AFA 2007 Chicago Meetings, Journal of Accounting Research, Forthcoming
Number of pages: 41 Posted: 21 Mar 2006 Last Revised: 03 Feb 2008
University of Texas at Dallas - Naveen Jindal School of Management, Shanghai University of Finance and Economics, University of Iowa - Henry B. Tippie College of Business and University of Cincinnati - Department of Finance - Real Estate
Downloads 804 (43,537)
Citation 3

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accruals anomaly, mutual fund, arbitrage risk

6.

Prudent Man or Agency Problem? On the Performance of Insurance Mutual Funds

Number of pages: 46 Posted: 26 Oct 2004
Xuanjuan Chen, Tong Yao and Tong Yu
Shanghai University of Finance and Economics, University of Iowa - Henry B. Tippie College of Business and University of Cincinnati - Department of Finance - Real Estate
Downloads 557 (70,068)
Citation 10

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Mutual fund performance, flow, agency problem, insurance

7.

Liquidity Premium in the Eye of the Beholder: An Analysis of the Clientele Effect in the Corporate Bond Market

Asian Finance Association (AsFA) 2013 Conference
Number of pages: 53 Posted: 24 May 2013 Last Revised: 23 Sep 2021
Shanghai University of Finance and Economics, Pennsylvania State University - University Park - Department of Finance, University of Massachusetts Dartmouth, University of Iowa - Henry B. Tippie College of Business and University of Cincinnati - Department of Finance - Real Estate
Downloads 535 (73,723)
Citation 8

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Corporate Bond Holdings, Liquidity Clientele, Corporate Bond Liquidity and Spreads

8.

On the Predictability of Chinese Stock Returns

Number of pages: 39 Posted: 22 Mar 2007 Last Revised: 03 Dec 2010
Shanghai University of Finance and Economics, Tongji University - School of Economics and Management, University of Iowa - Henry B. Tippie College of Business and University of Cincinnati - Department of Finance - Real Estate
Downloads 406 (102,260)
Citation 11

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anomalies, return predictability, emerging markets, China

9.

The Dark Side of Cross-Listing: A New Perspective from China

Number of pages: 50 Posted: 27 Sep 2011 Last Revised: 26 Jan 2020
University of Western Ontario - Ivey Business School, Suffolk University - Sawyer Business School, University of Massachusetts Dartmouth and University of Cincinnati - Department of Finance - Real Estate
Downloads 328 (129,766)

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Cross-listing; Agency problem; Tunneling

10.

Asset Growth and Stock Returns: Evidence from Asian Financial Markets

Number of pages: 43 Posted: 30 Sep 2010 Last Revised: 12 Oct 2010
Tong Yao, Tong Yu, Ting Zhang and Shaw Chen
University of Iowa - Henry B. Tippie College of Business, University of Cincinnati - Department of Finance - Real Estate, University of Dayton - School of Business Administration and University of Rhode Island - College of Business Administration
Downloads 327 (130,208)
Citation 1

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11.

Intangible Assets, Going-for-Broke and Asset Risk Taking of Property and Liability Insurance Firms

Number of pages: 36 Posted: 11 Aug 2006
University of Cincinnati - Department of Finance - Real Estate, University of Rhode Island, University of Rhode Island - Area of Finance and Insurance and Shanghai University of Finance and Economics
Downloads 281 (152,377)
Citation 3

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intangible assets, franchise value, gambling, asset allocation, insurance

12.

Intangible Assets and Firm Asset Risk Taking: An Analysis of Property and Liability Insurance Firms

Number of pages: 35 Posted: 23 Apr 2008
University of Cincinnati - Department of Finance - Real Estate, University of Rhode Island, University of Rhode Island - Area of Finance and Insurance and Shanghai University of Finance and Economics
Downloads 237 (180,261)

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intangible assets, franchise value, gambling, asset allocation, insurance

Catastrophic Losses and Insurer Profitability: Evidence from 9/11

Number of pages: 35 Posted: 06 Jun 2006
Shanghai University of Finance and Economics, University of South Carolina - Darla Moore School of Business, University of Rhode Island and University of Cincinnati - Department of Finance - Real Estate
Downloads 185 (226,363)
Citation 1

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catastrophic losses, WTC attack, growth, claim, earnings forecast, insurance

Catastrophic Losses and Insurer Profitability: Evidence from 9/11

Journal of Risk & Insurance, Vol. 75, Issue 1, pp. 39-62, March 2008
Number of pages: 24 Posted: 10 Mar 2008
Shanghai University of Finance and Economics, University of South Carolina - Darla Moore School of Business, University of Rhode Island and University of Cincinnati - Department of Finance - Real Estate
Downloads 20 (723,876)

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14.

Mutual Risk Sharing and Fintech: The Case of Xiang Hu Bao

Number of pages: 50 Posted: 18 Feb 2021 Last Revised: 07 Jan 2022
University of Pennsylvania - Department of Economics, Shanghai Jiao Tong University (SJTU), Shanghai Jiao Tong University - Antai College of Economics & Management and University of Cincinnati - Department of Finance - Real Estate
Downloads 196 (217,236)

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Risk sharing; FinTech; Separating equilibrium; Mutual aid; Critical illness risk

15.

Tilt Nickels to Diamonds: An Orthogonalization Approach

Journal of Investment Management, 2019, 17 (4), 1-19.
Number of pages: 30 Posted: 14 Apr 2014 Last Revised: 25 Sep 2019
Wenfeng Wu, George Xiang and Tong Yu
Shanghai Jiao Tong University - Antai College of Economics & Management, International College, Renmin University of China and University of Cincinnati - Department of Finance - Real Estate
Downloads 189 (222,237)

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Indexing, Smart Beta, Tilting, Enhanced Index, Portfolio Efficiency

16.

Cultural Influence on Insurance Consumption: Insights from the Chinese Insurance Market

Number of pages: 36 Posted: 11 Aug 2013 Last Revised: 01 Mar 2015
Shanghai University of Finance and Economics - Department of Finance, University of Massachusetts Dartmouth, Washington State University - Department of Finance, Insurance and Real Estate and University of Cincinnati - Department of Finance - Real Estate
Downloads 181 (230,717)

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Culture; Economic Development; Insurance consumption; Saving; Urbanisation

17.

Learning and Incentive: A Study on Analyst Response to Pension Underfunding

Number of pages: 45 Posted: 20 Mar 2011 Last Revised: 06 Aug 2012
Shanghai University of Finance and Economics, University of Iowa - Henry B. Tippie College of Business, University of Cincinnati - Department of Finance - Real Estate and University of Dayton - School of Business Administration
Downloads 172 (240,928)
Citation 2

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pension funding, analyst forecasts, learning, incentive

18.

Industry Screening: Evidence from Seasoned Equity Offerings

Number of pages: 39 Posted: 17 May 2005
John Carroll University - Boler School of Business, Shanghai University of Finance and Economics and University of Cincinnati - Department of Finance - Real Estate
Downloads 152 (266,967)
Citation 1

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Asymmetric information, adverse selection, industry effect, screening

19.

Rainy Day Liquidity

Number of pages: 58 Posted: 03 Jun 2019 Last Revised: 07 Sep 2021
Pennsylvania State University - University Park - Department of Finance, Michigan Technological University - College of Business, University of Cincinnati - Department of Finance - Real Estate and University of Cincinnati - Department of Finance - Real Estate
Downloads 115 (329,518)

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Liquidity provision, Market liquidity, Corporate bonds, Funding liquidity, Life insurance

20.

Testing Moral Hazard and Tax Benefit Hypotheses: Evidence from Corporate Pension Contributions and Investment Risk

Netspar Discussion Paper No. 05/2010-025
Number of pages: 47 Posted: 04 Aug 2010
Tong Yu and Ting Zhang
University of Cincinnati - Department of Finance - Real Estate and University of Dayton - School of Business Administration
Downloads 105 (350,773)

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Moral Hazard, Tax Benefit, Plan Contributions, Pension Beta, Asset Allocation, Pension Plan Termination Probabilities

21.

Market Conditions, Firm Investments, and Strategic Use of Pension Discount Rates

Number of pages: 56 Posted: 09 Jul 2020 Last Revised: 27 Apr 2022
Shanghai University of International Business and Economics, Babson College - Finance Division, Michigan Technological University - College of Business and University of Cincinnati - Department of Finance - Real Estate
Downloads 100 (362,197)

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Pension discount rate; Low interest rate; Pension liabilities; Earnings management

22.

Why Do Firms Issue Guaranteed Bonds?

Journal of Banking and Finance, Forthcoming
Number of pages: 51 Posted: 16 Feb 2015 Last Revised: 13 Aug 2018
University of New Haven, Pennsylvania State University - University Park - Department of Finance, University of Massachusetts Dartmouth and University of Cincinnati - Department of Finance - Real Estate
Downloads 81 (412,022)
Citation 1

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Guarantee, Credit Enhancement, Corporate Bonds, Credit Rating, Corporate Investments

23.

Asset Growth Anomaly of Corporate Bonds: A Decomposition Analysis

Number of pages: 58 Posted: 23 Nov 2021 Last Revised: 19 Apr 2022
Fang Chen, Yifei Li, Wenfeng Wu and Tong Yu
University of New Haven, University of Nevada Reno, Shanghai Jiao Tong University - Antai College of Economics & Management and University of Cincinnati - Department of Finance - Real Estate
Downloads 69 (450,197)

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Bond return; Credit risk; Mispricing; Asset growth; Bond collateral

24.

Does Operating Risk Affect Portfolio Risk? Evidence from Insurers' Securities Holding

Journal of Corporate Finance, Forthcoming
Number of pages: 46 Posted: 16 Dec 2019 Last Revised: 23 Feb 2020
Shanghai University of Finance and Economics, University of Massachusetts Dartmouth, University of Iowa - Henry B. Tippie College of Business and University of Cincinnati - Department of Finance - Real Estate
Downloads 59 (486,790)
Citation 1

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Operating Risk; Investment Risk; Credit Risk, Financing Constraints

25.

Financial Crisis, Systemic Risk, and Performance of Financial Risk Insurers

Number of pages: 43 Posted: 24 Aug 2010 Last Revised: 11 Mar 2013
University of Rhode Island - College of Business Administration, Shanghai University of Finance and Economics, University of Massachusetts Dartmouth and University of Cincinnati - Department of Finance - Real Estate
Downloads 47 (537,564)

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financial crisis, systemic risk, financial contagion

26.

Information, Incentives, and Effects of Risk-Sharing on the Real Economy

Number of pages: 25 Posted: 10 Apr 2019
Mark H. Liu, Wenfeng Wu and Tong Yu
University of Kentucky - Gatton College of Business and Economics, Shanghai Jiao Tong University - Antai College of Economics & Management and University of Cincinnati - Department of Finance - Real Estate
Downloads 33 (610,864)

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risk sharing, incentive, information, risk management, systemic risk

27.

Do Underwriting Cycles Affect Property Casualty Insurer Asset Allocation? Stocks Versus Mutuals

Published in Journal of Insurance Regulation, 2011, 30:5-27
Number of pages: 31 Posted: 26 Apr 2007 Last Revised: 10 Jan 2019
Yayuan Ren, Qixiang Sun and Tong Yu
Illinois State University-Department of Finance, Insurance and Law, Beijing University and University of Cincinnati - Department of Finance - Real Estate
Downloads 26 (656,017)

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underwriting cycles; asset allocation; ownership; insurance

28.

The Wealth Effect of Demutualization: Evidence from the U.S. Property-Liability and Life Insurance Industries

Journal of Risk & Insurance, Vol. 75, Issue 1, pp. 125-144, March 2008
Number of pages: 20 Posted: 10 Mar 2008
affiliation not provided to SSRN, affiliation not provided to SSRN and University of Cincinnati - Department of Finance - Real Estate
Downloads 10 (788,987)
Citation 1

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