Education Background
Ph.D. in Finance, The University of Utah
M.S. in Finance, The University of Utah
B.A. in Finance, Xiamen University
Research Field
Biography
Wenhao Yang is an Assistant Professor of Finance at the School of Management and Economics (SME). He received his doctorate degree in Finance from the University of Utah. Prof. Yang's research interests are in the area of empirical and experimental financial economics. They include but are not confined to: empirical asset pricing, experimental finance, corporate innovation, and institutional investors. His recent work has been centered on the behavior of the institutional and retail investors in the mutual fund industry, information transmission in the decentralized markets, the impact of common institutional ownership on M&A competition, and corporate innovation and products. He is also involved in experimental research on the interaction between humans and robots in financial markets. His papers have received best paper awards at the Financial Management Association and the 2019 Joint Conference of Allied Korea Finance Associations.
1. "The Persistence of Fee Dispersion among Mutual Funds",with Michael Cooper and Michael Halling,Review of Finance, Volume 25, Issue 2, March 2021, Pages 365–402,
2. "RQ Innovative Efficiency and Firm Value",with Michael Cooper and Anne Marie Knott,Journal of Financial and Quantitative Analysis,forthcoming
3. "Costly Information Acquisition in Decentralized Markets: An Experiment",with Elena Asparouhova and Peter Bosssaerts,Management Science, R&R
4. "Humans in Charge of Trading Robots: The First Experiment",with E. Asparouhova, P. Bosssaerts, K. Rotaru, T. Wang, N. Yadav,Review of Finance, R&R
5. "How Are Firms Sold? The Role of Common Ownership",with Mohammad Irani and Feng Zhang,Under Review,2021
6. "Measuring (In)Attention to Mutual Fund Fees: Evidence from Experiments",with Hugh Kim,Under Review,2021
7. "Asset Pricing In a World of Imperfect Foresight",with Peter Bossaerts, Frans van den Bogaerde and Felix Fattinger,Under Review,2021
8. Prospect Theory and Mutual Fund Flows,with Bin Han and Pengfei Sui,Working Paper,2021
9. "Private Equity Funds and Firm Products",with Feng Zhang,working paper,2019
10. "Mutual Fund Management: Does Active Management Pay?",Wenhao Yang,working paper,2017
