Education
- PhD University of Rochester (2005)
- MS University of Rochester (1999)
- MBA University of Washington (1997)
- BA Washington State University (1992)
Expertise
Positions Held
Senior Lecturer since September 2011
Joined the University of Washington in 2003
Lecturer at the University of Rochester Simon Graduate School of Business Administration, 2002
Consultant and Staff Auditor, Price Waterhouse, 1992-1994
Selected Publications
“Yes, the Composition of the Market Portfolio Matters: The Estimated Cost of Equity“
Kamara, A., & Young, L., (2018). Financial Management, Vol. 47(4), pp. 911-929.
“The Impact of the Sarbanes-Oxley Act on Shareholders and Managers of Foreign Firms“
Duarte, J., Kong, K., Siegel, S., & Young, L., (2014). Review of Finance, Vol. 18(1), pp. 417-455.
“Trust and Credit: The Role of Appearance in Peer-to-Peer Lending“
Duarte, J., Siegel, S., & Young, L., (2012). The Review of Financial Studies, Vol. 25(8), pp. 2455-2484.
“Why is PIN Priced?“
Duarte, J., & Young, L., (2009). Journal of Financial Economics, Vol. 91(2), pp. 119-138.
“Information Asymmetry, Information Dispersion, and the Effect of Regulation FD on the Cost of Capital“
Duarte, J., Han, X., Harford, J., & Young, L., (2008). Journal of Financial Economics, Vol. 87(1), pp. 24-44.
Honors and Awards
Undergraduate Faculty of the Year for Finance & Business Economics, 2009
MBA Elective Professor of the Year, Class of 2008, 2008
Evening MBA Professor of the Year, Class of 2008, 2008
Evening MBA Professor of the Quarter for Spring, 2008
Evening MBA Professor of the Year, Class of 2007, 2007
Undergraduate Professor of the Quarter for Spring for Finance, 2006
Working Papers
"Trading Activity, Price Patterns and Overreaction", 2nd round review, Journal of Finance
"Foreign listings, US equity markets, and the impact of the Sarbanes-Oxley Act", 1st round review, Journal of Finance
"To lend or not to lend: Revealed preferences for race, gender and appearance" with Jefferson Duarte and Stephan Siegal
"Why Does Corporate Governance Explain Credit Spreads,” with Jefferson Duarte and Fan Yu
"Conditional Variance Decompositions" with Jay Shanken
"Momentum and the Macroeconomy,"
"Multivariate Regime Switching Models: A Bayesian Approach," with Gregory Bauer
- Office: 428 PACCAR Hall
- Box: 353226
- Phone: 206-543-4474
- Email : [email protected]
Academic Department
Academic Service
Reviewer, Journal of Finance
Reviewer, Journal of Financial Economics
Reviewer, Journal of Financial and Quantitative Analysis
Current Research
Empirical asset pricing, Behavioral finance, Capital market anomalies