Yu Shi🔗
Associate Professor
Prof. Yu Shi's research focuses on financial economics, corporate finance, asset pricing, financial institutions, and macrofinance. Major directions include founder wealth and IPO dynamics, particularly how venture capital, ownership stakes, post-IPO liquidations, and acquisitions shape extreme wealth; informed trading and price discovery, especially insider trading around delayed reactions to public news; institutional investors and portfolio diversification, including insurance-linked securities funds, niche assets, catastrophe bonds, and dynamic risk allocation; financial firm valuation and regulation, especially decomposing life insurers’ returns into financial and business components; and capital reallocation, financial frictions, resource misallocation, and aggregate productivity. Across these areas, the work uses microdata and emphasizes information frictions, path-dependent ownership, dynamic risk-taking, and policy implications for asset prices, wealth inequality, and financial stability.