Zongfei (Lisa) Yang

Associate Professor

Zongfei “Lisa” Yang’s research centers on corporate bonds, credit ratings, and institutional investors. She is currently focusing on how corporate bonds are priced, sold, and traded in the new issuance market, and how the market efficiency is influenced by the interplay of institutional investors, corporate governance, and regulations.

Yang’s work has been published or accepted in peer-reviewed journals such as Journal of Banking and Finance, Journal of International Money and Finance, and Journal of Financial and Quantitative Analysis. Prior to joining Loyola, Yang served as a tenured associate professor of finance at Montana State University. Currently, she is teaching corporate finance and Fintech.

Education

Ph.D in Finance, University of Oklahoma
Msc in Finance, Singapore Management University
B.S. in Economics (International Economics), Shanghai Jiao Tong University

Publications/Research Listings

Goh, Jeremy, and Zongfei Lisa Yang (2024) “Do Underwriters Short-Change Corporations Issuing Bonds?” Journal of Financial and Quantitative Analysis 59 (1), 369 - 394.

Ederington, Louis, Jeremy Goh, Yenteik Lee, and Lisa Yang (2019), “Are Bond Ratings Informative? Evidence from Regulatory Regime Changes”, Journal of Fixed Income, 29 (1) 6-19 (lead article).

Ederington, Louis, Fang Lin, Scott Linn, and Lisa Yang (2019), “EIA Storage Announcements, Analyst Storage Forecasts, and Energy Prices”, Energy Journal 40, 5.

Ederington, Louis, Wei Guan, and Lisa Yang (2019), “The Impact of the U.S. Employment Report on Exchange Rates”, Journal of International Money and Finance 90, 257-267.

Yang, Lisa, Jeremy Goh, and Chiraphol Chiyachantana (2016), “Valuation Uncertainty, Market Sentiment and the Informativeness of Institutional Trades”, Journal of Banking and Finance 72, 81-98.

Ederington, Louis, Wei Guan, and Lisa Yang (2015), “Bond Market Event Study Methods”, Journal of Banking and Finance 58, 281–293.