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Dr Jeffrey Yu

Telephone +61 8 8313 2073
Position Lecturer
Fax +61 8 8223 4782
Building Nexus 10 Tower
Floor/Room 12
Campus North Terrace
Org Unit Business School Office

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Teaching Interests

§ Corporate Finance: Theory & Practice (Third-year/Postgraduate)


§ Behavioral Finance: Theory & Practice (Third-year/Postgraduate)


§ Real Options and Corporate Investment Strategies (PhD/Postgraduate)


§  Game/Contract Theory with Applications in Accounting and Finance (PhD/Postgraduate)

Research Interests

§  Theoretical Models of Corporate Finance, Behavioral Finance, and Market Microstructure


§  Executive Compensation, Earnings Management, Financial Disclosure


§ Behavioral Corporate Finance, Capital Budgeting, Real Options


§ Corporate Governance, Insider Trading, Liquidity


§ Ambiguity on Hedging and Risk Management, Banking Crises


§ Financial Innovation and Counterparty Risks in Financial Contracts





§ “Interactive Reporting Bias Surrounding CEO Turnover”. European Accounting Review (2016), forthcoming.


o   Sole Author

o   Australian Business Dean Council (ABDC): A* 

o   SSCI-listed

o   Published by European Accounting Association

o   SSRN's Top Ten download list for “Disclosure & Accounting Information”

o   Citation: 3


§ “Optimal Managerial Hedging and Contracting with Self-Esteem Concerns”(with 

   Chongwoo Choe and Donald Lien). International Review of Economics and Finance (2015), 

   Vol. 37 (2015), pp. 354-367.  Doi: 10.1016/j.iref.2014.12.007


o   Corresponding Author

o   ABDC: A

o   SSCI-listed


§ “Production and Hedging with Time-Inconsistent Preferences” (with Donald Lien)

  Journal of Futures Markets, Vol. 35, No. 10 (2015), pp. 961-985.


o   ABDC: A

o   SSCI-listed

o   SSRN's Top Ten download list for “Futures”

o   Citation: 2


§ “CEO Overconfidence, CEO Compensation, and Earnings Manipulation”
  Journal of Management Accounting Research, Vol. 26, No. 2 (2014), pp. 167-193.


o   Sole Author

o   Excellence in Research for Australia (ERA): A*

o   Published by American Accounting Association (AAA)

o   SSRN's Top Ten download list for “CEO & Executive Incentives & Corporate Governance”

o   Citations: 3


§ “CEO Overconfidence and Overinvestment under Product Market Competition”
  Managerial and Decision Economics, (2014), Vol. 35, Iss. 8, pp. 574-579.


o   Sole Author

o   Listed in EconLit (AEA). Published by the Association of Managerial Economists.

o   SSRN's Top Ten download list for “Investment in R&D & Innovation”

o   Citation: 3


§ “Time-Inconsistent Investment with Financial Constraints and Cash Flow Hedging”(with

   Donald Lien). International Review of Financial Analysis (2014), Vol. 35, pp. 72-79.


o   ABDC: A

o   SSCI-listed

o   Citation: 2 


§ “ FDI Timing: Entry Cost Subsidy versus Tax Rate Reduction” (with Ta-Cheng Chang and  

   Chinn-Ping Fan), Economic Modelling (2007), Vol. 24, Iss. 2., pp. 262-271.


o   First Author (not in alphabetical order);

o   ABDC: A

o   SSCI-listed

o   Citations: 19 


My citations:


Working Papers (available on SSRN)



§ “Board Independence, Monitoring, and CEO Pay Disparity”


o   SSRN's Top Ten download list for “Corporate Governance: Compensation of Executive & Directors”


§ “Production and Hedging with Optimism and Pessimism under Ambiguity” (with Donald Lien)


§ “Tournaments and Project Selection under Ambiguity - A Bright Side of Risk-Taking” (with Birendra Rai)


Work in Progress



§ “Tournament Incentives and Stock Liquidity – Theory and Evidence” (with Chee Chong and Ralf Zurbrugg)


o   with some preliminary results

§  Market Non-participation and Equity Premium under Ambiguity


o   with some preliminary results

§ Delegated Portfolio Management and Ambiguity (with Donald Lien and Takeshi Yamada)


o   with some preliminary results


§  Organizational Forms, Communication, and Managerial Incentives (with Ching-Jen Sun)


§ CEO Pays and Markets using Signaling and Matching Models (with Birendra Rai)


§ Real Options with Agency Problems


§ CEO Turnover and Earnings Management in the presence of Social Preferences


§  Bank Competition, Risk Taking, and the Stability in the Banking Industry



Conference/Seminar Presentations


“Production and Hedging with Optimism and Pessimism under Ambiguity,” The 23rd Conference on the Theories and Practices of Securities and Financial Markets 2015, Kaohsiung.


§ “Interactive Reporting Bias Surrounding CEO Turnover,” 2015 AFAANZ Annual Conference in Hobart; Seminar, School of Accounting, Economics, and Finance, Deakin University, Melbourne, September 2014.


§ “Hubris, CEO Compensation, and Earnings Manipulation,” The 25th Australian Finance and Banking Conference, University of New South Wales, Sydney, December 2012.

§ “CEO Turnover, Earnings Management, and Big Bath,” The 25th PhD Conference in Business and Economics, University of Western Australia, Perth, November 2012.



Entry last updated: Thursday, 6 Apr 2017

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