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Dr. Susana Yu


Acting Co-Chair | Accounting & Finance | Feliciano School of Business

Email: yus@mail.montclair.edu

Telephone: 9736552094

Office: Feliciano School of Business, 392A

Biography

Dr. Susana Yu is a Professor of Finance at Montclair State University. Prior to joining MSU, Susana taught courses in financial management and investment analysis/portfolio management at both the graduate and undergraduate levels for Iona College.

In MSU, Susana has taught fundamentals of finance (FINC 321), capital budgeting management (FINC 322), corporate financial management (FINC 501), future/options/other derivatives (FINC 430), investment analysis (FINC 326), real estate investment (FINC 429), and working capital management (FINC 425).

Susana has written more than 20 refereed publications in blind-reviewed journals such as Global Finance Journal, Journal of Applied Finance, Journal of Banking and Finance, Journal of Futures Markets, Journal of Investing, Journal of Investment Management and Review of Quantitative Finance and Accounting. Her research interests focus on market efficiency, trading strategies, market micro-structure, risk management, and analysts' forecasts.

Susana is an active member of the Financial Management Association (FMA), Eastern Finance Association (EFA), Southern Finance Association (SFA) and Southwestern Finance Association (SWFA). In particular, she has served extensively on conference program committees for these associations. She is the former track chair in special topics for the 2009 SFA Meeting, the 2010 EFA Meeting, and the former vice president of the 2010 Northeast Business and Economics Association (NBEA) Meeting. She is currently the Vice President in Special Events at the SWFA, and the track chair in investment for the 2011 EFA Meeting.

Susana is an active member in the university community as well. Not only Susana is the co-ordinator for the CFA Review Course at MSU, she is also the advisory board member of Educational Opportunity Program (EOP), the former corresponding secretary of the President's Commission on Affirmative Action and Diversity (PCAAD), former faculty adviser to the Financial Management and Economics Society (FMES) and the faculty adviser to the Chinese Student Association (CSA).

Susana received an MBA (1993) and PhD (2002) from Baruch College/CUNY and a BA in Accounting (1991) from Queens College/CUNY.

Areas of Expertise

Market Efficiency
Trading Strategies
Analysts’ Forecast
Domestic Investment
Corporate Finance

Education

  • Ph D, Business Administration (Finance), February, 2002, Baruch College / CUNY
  • MBA, Business Administration (Finance), February, 1993, Baruch College / CUNY
  • BA, Accounting, February, 1991, Queens College / CUNY

Refereed Publications

  • Yu S., Webb G., (2017). Market Adaptation to Regulation Fair Disclosure: The Use of Industry Information to Enhance the Informational Environment. . Journal of Economics and Business.89 (January-February). (pp. 1-12).
  • Yu S., Webb G., (2016). Can Fundamental Factors Enhance the Performance of Traditional Momentum Strategies?. . Journal of Investment Management.14 (4). (pp. 28-43).
  • Yu S., (2012). New Empirical Evidence on the Investment Success of Momentum Strategies Based on Relative Stock Prices. . Review of Quantitative Finance and Accounting.39 (1). (pp. 105-121).
  • Yu S., Leistikow D., (2011). Abnormal Stock Returns, for the Event Firm and its Rivals, Following the Event Firm’s Large One-day Stock Price Drop. . Managerial Finance.37 (2). (pp. 151-172).
  • Yu S., (2011). Pairs-trading on Divergent Analyst Recommendations. . Journal of Investment Management.9 (4). (pp. 75-95).
  • Yu S., (2011). The Changing Nature of Corporate Distributions and Its Implications for Investors. . The American Economist.56 (1). (pp. 89-103).
  • Yu S., Lord A. R., Webb G., (2010). The Hot-Growth Companies: How Well Do Analysts Predict Their Performance. . Journal of Economics and Business.62 (3). (pp. 195-219).
  • Tandon K., Yu S., Webb G., (2010). Option Introduction and Secondary Equity Offerings. . Journal of Applied Finance.20 (1). (pp. 47-63).
  • Yu S., Rentzler J., Tandon K., (2010). Re-examination of the Uncertain Information Hypothesis. . Review of Quantitative Finance and Accounting.34 (1). (pp. 1-21).
  • Yu S., Tandon K., Webb G., (2010). The Effects of Option Introduction on Analyst Coverage and Earnings Estimates. . The American Economist.56 (2). (pp. 44-66).
  • Yu S., Kim S., (2009). Analysis of Business Week Hot-Growth Stocks: Momentum and Fundamental Investment Approaches. . Journal of Asset Management.10 (3). (pp. 192-204).
  • Ferguson R., Leistikow D., Yu S., (2009). Arithmetic and Continuous Return Mean-Variance Efficient Frontiers. . Journal of Investing.18 (3). (pp. 62-70).
  • Yu S., (2009). Reinganum's Trading Strategies Revisited: Structuring Profitable Strategies Based on Updated Filter. . Managerial Finance.35 (4). (pp. 357-384).
  • Ferguson R., Leistikow D., Rentzler J., Yu S., (2009). The Effect of Value Estimation Errors On Portfolio Growth Rates. . Journal of Investing.18 (2). (pp. 69-75).
  • Yu S., Webb G., (2009). The Effects of ETF Splits on Liquidity and Individual Investors. . Managerial Finance.35 (9). (pp. 754-771).
  • Yu S., Leistikow D., (2009). Which Explains an Indexes' Better - Changes in its Own Implied Volatility or a Broader Indexes' Implied Volatility?. . Journal of Investment Management.7 (3). (pp. 66-80).
  • Chern K., Tandon K., Yu S., (2008). Momentum Strategies on Optioned and Non-Optioned Stocks. . The Journal of American Academy of Business, Cambridge.13 (2). (pp. 58-64).
  • Chern K., Tandon K., Yu S., Webb G., (2008). The Information Content of Stock Split Announcements: Do Options Matter?. . Journal of Banking and Finance.32 (6). (pp. 930-946).
  • Leistikow D., Yu S., (2007). VIX Signaled Switching for Style-Differential and Size-Differential Short-term Stock Investing. . Finance Letters.5 (6).
  • Rentzler J., Tandon K., Yu S., (2006). Intraday Price Reversal Patterns in the Currency Futures Market: The Impact of the Introduction of GLOBEX and the Euro. . Journal of Futures Markets.26 (11). (pp. 1089-1130).
  • Ferguson R., Rentzler J., Yu S., (2006). Trading Strategy on EVA and MVA: Are They Reliable Indicators of Future Stock Performance?. . Journal of Investing.15 (4). (pp. 88-94).
  • Rentzler J., Tandon K., Yu S., (2006). Short-term Market Efficiency in the Futures Markets: TOPIX Futures and 10-Year JGB Futures. . Global Finance Journal.16 (3). (pp. 330-353).
  • Grant L. J., Wolf A., Yu S., (2005). Intra-Day Price Reversals for S&P500 Index Futures. . Journal of Banking and Finance.29 (5). (pp. 1311-1327).
  • Yu S., Rentzler J., Wolf A., (2005). NASDAQ-100 Index Futures: Intraday Momentum or Reversal?. . Journal of Investment Management.3 (3). (pp. 55-81).
  • Ferguson R., Rentzler J., Yu S., (2005). Does EVA Improve Stock Performance Profitability?. . Journal of Applied Finance.15 (2). (pp. 101-113).
  • Ferguson L., Ferguson R., Rentzler J., Yu S., (2004). Looking Back: Quantitative Investment Analysis Before Computers. . Journal of Applied Finance.14 (1). (pp. 52-61).
  • Yu S., Rentzler J., (2004). Can Simple Buy and Sell Rules Increases Index Future Day Trading Profitabilty?. . Journal of Investment Management.2 (1). (pp. 55-75).
  • Yu S., Rentzler J., Wolf A., (2004). Long/Short Investment Strategies May Not Be Factor Neutral. . Journal of Investing.13 (3). (pp. 44-53).
  • Yu S., Wolf A., (2003). An Examination of Average Returns, Dispersion of Average Returns, and Bid-Ask Quotes on Long, Short and Long/Short Portfolios under Different Trading Methods. . The Journal of Wealth Management.5 (4). (pp. 23-36).
  • Yu S., Wolf A., (2003). Emprical Study on Price Momentum Strategy for Long, Short and Long/Short Portfolios. . The Journal of Wealth Management.6 (1). (pp. 73-87).

Published Books

  • Yu S., (2012). Selected Papers from the Annual Meeting of the Society for Global Business & Economic Development (SGBED) in 2011. . Financial Decisions.
  • Yu S., (2012). Selected Papers from the Annual Meeting of the Eastern Finance Association in 2011. . Managerial Finance, Emerald Group Publishing Limited.
  • Yu S., Lord A. R., (2011). Selected Papers from the Annual Meeting of the Northeast Business and Economics Association in 2010. . Financial Decisions.
  • Yu S., Lord A. R., (2010). Selected Papers from the Annual Meeting of the Southern Finance Association in 2008. . Managerial Finance, Emerald Group Publishing Limited.

Awards and Honors

  • Recognition for Serving as the Board of Director, Southern Finance Association, (2014)
  • Honorable Mention in President's Address to the Community, Montclair State University, New Jersey, (2012)
  • Honorable Mention in the Annual (SBUS) Faculty Recognition Luncheon , School of Business, Montclair State University (2012)
  • Faculty Advisor - MSU Student Team at the CFA/NYSSA Investment Research Challenge- Finalist in NY Region , (2012)
  • "Bright Idea" Award for Research Paper in Finance, Stillman School of Business at Seton Hall University and the NJPRO Foundation of the New Jersey Business and Industry Association (NJBIA), (2011)
  • Recognition for Serving as the Track Chair in Investment, Eastern Finance Association, (2011)
  • Recognition for Serving as the Board of Director (March 2009 to February 2011), Southwestern Finance Association (2011)
  • Recognition for Serving as the Program Organizer / Vice President in Program, Northeastern Business and Economics Association (2010)
  • Honorable Mention in President's Opening Day Address, Montclair State University, New Jersey, (2010)
  • Recipient of the Summer Research Grant, Montclair State University (2010)
  • Recognition for Serving as the Track Chair in Special Topics, Eastern Finance Association (2010)
  • Recognition for Serving as the Track Chair in Special Topics, Southern Finance Association (2009)
  • Honored Lifetime Member, Montclair Who's Who in College Faculty (2009)
  • Recognition for Launching the FMA Student Chapter, Financial Management Association (2009)
  • Research Reviewed in Popular Media, CFA Digest, Volume 35, Number 1. pp6-7 (2005)
    Long–Short Strategies May Not Be Factor-Neutral

    Charles F. Peake, CFA (Reviewer)

    Long–short strategies designed to reduce risk must be neutral to all factors in a multifactor model, not just the market (beta). The authors test whether three long–short strategies are neutral with regard not only to the market but also to company size and the book-to-market ratio (B/M). They find that no strategy is neutral with respect to company size and the B/M.
  • Advisory Board Member, Educational Opportunity Program at MSU (2009-2011) ()
  • Associate Editor, The American Economist (2011-2013) ()
  • Board of Director, Southern Finance Association (2012-2014) ()
  • Member of the Editorial Board, Financial Decisions (2010-present) ()
  • Member of the Editorial Board, Managerial Finance (2009-present) ()
  • Vice President - Special Events, Southwestern Finance Association (2011-2013) ()