Foster School of Business
University of Washington
Box: 353226
Seattle, WA 98195-3226
Lance Young
- Teaching Professor of Finance and Business Economics
Education
- PhD University of Rochester (2005)
- MS University of Rochester (1999)
- MBA University of Washington (1997)
- BA Washington State University (1992)
Academic Expertise
- asset pricing
- behavioral finance
- business valuation
- financial markets
- growth management
- small business finance
- venture capital
Current Research
- Empirical asset pricing, Behavioral finance, Capital market anomalies
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“Journal Article: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“Journal Article: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“Journal Article:Duarte, J., Siegel, S., & Young, L., (2012). The Review of Financial Studies, Vol. 25(8), pp. 2455-2484.
- “Why is PIN Priced?“Journal Article: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“Journal Article:Duarte, J., Han, X., Harford, J., & Young, L., (2008). Journal of Financial Economics, Vol. 87(1), pp. 24-44.
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
- “Trust and Credit,” with Jefferson Duarte and Stephan Siegel, 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
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
Academic Service
- Reviewer, Journal of Finance
- Reviewer, Journal of Financial Economics
- Reviewer, Journal of Financial and Quantitative Analysis