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Faculty Directory

Yao Zeng

Foster School of Business
University of Washington
Box: 353226
Seattle, WA 98195

Yao Zeng

Assistant Professor of Finance and Business Economics


PhD Harvard University (2016)
MA Harvard University (2013)
MA Peking University (2010)
BA Peking University (2007)
BTech Beijing Institute of Technology (2007)

Academic Expertise

asset pricing
corporate finance
financial institutions / banking
financial intermediation
financial markets
venture capital

Positions Held

At the University of Washington since 2016

Selected Publications

  1. Financing Entrepreneurial Production: Security Design with Flexible Information Acquisition
    Journal Article:Yang, M., and Zeng, Y., (forthcoming). Review of Financial Studies,
  2. Marketplace Lending: A New Banking Paradigm?
    Journal Article:Vallee, B., Zeng, Y., (forthcoming). Review of Financial Studies,
  3. Multi-Agent Inference in Social Networks: A Finite Population Learning Approach
    Journal Article:Fan, J., Tong, X., & Zeng, Y., (2015). Journal of the American Statistical Association, Vol. 110(509), pp. 149-158.

Working Papers

“A Dynamic Theory of Mutual Fund Runs and Liquidity Management”
“ETF Arbitrage under Liquidity Mismatch” with Kevin Pan
“Mutual Funds as Venture Capitalists: Evidence from Unicorns” with Sergey Chernenko and Josh Lerner
“The Coordination of Intermediation” with Ming Yang
“Silence is Safest” with Philip Bond

Honors and Awards

The Arthur Warga Award for the Best Paper in Fixed Income, SFS Finance Cavalcade, 2017
USC Marshall Trefftz Award for the Best Student Paper, WFA, 2016
First Prize for the Best Finance Theory Job Market Paper, Finance Theory Group (FTG), 2016
Cubist Systematic Strategies Ph.D. Candidate Award for Outstanding Research, WFA, 2016
Yihong Xia Best Paper Award, China International Conference in Finance, 2015
Chiles Foundation Fellowship, Harvard University, 2015
Derek Bok Certificate of Excellence in Teaching, Harvard University, 2014, 2015
AFA Doctoral Student Travel Grant, AFA, 2014
Douglas Dillon Fellowship, Harvard University, 2011
Distinguished Student of the Nation, Ministry of Education, China, 2007
First Prize, Chinese National College Mathematical Modeling Competition, 2005
First Prize, Chinese National Olympiad in Mathematics, 2002

Courses Taught

B Econ 300 Managerial Economics