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Faculty Directory

Lance Young
Office: 428
PACCAR Hall
Phone: 206-543-4474
Fax: 206-543-7472
Email: youngla(at)uw.edu

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

  1. “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.
  2. “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.
  3. “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.
  4. “Why is PIN Priced?“
    Journal Article:Duarte, J., & Young, L., (2009). Journal of Financial Economics, Vol. 91(2), pp. 119-138.
  5. “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