YU, Shihao
Full-time Faculty
Assistant Professor of Finance
Lee Kong Chian School of Business
LKCSB
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Education
| 2023 | PhD in Finance, Vrije Universiteit Amsterdam and Tinbergen Institute |
| 2017 | MPhil in Econometrics, Vrije Universiteit Amsterdam and Tinbergen Institute |
| 2015 | B.A. in Economics, Southwestern University of Finance and Economics |
Current Position(s) Held
| July 2024 - Now | Assistant Professor of Finance Lee Kong Chian School of Business, Singapore Management University |
Awards, Recognition and Honors
- 2019 "KRX Outstanding Paper Award", Asia-Pacific Association of Derivatives
- 2017 Research Talent grant, Netherlands Organization for Scientific Research (NWO)
Research Interest
- Market Microstructure
- Decentralized Finance
Journal Articles (Refereed)
- Wenqian Huang, Albert J. Menkveld, and Shihao Yu (2021). "Central Counterparty Exposure in Stressed Markets." Management Science, 67(6), 3596–3617. https://doi.org/10.1287/mnsc.2020.3601
- Albert J. Menkveld and 342 coauthors. 2023. “Non-Standard Errors.” The Journal of Finance 79(3), 2339-2390. DOI: 10.1111/jofi.13337.
Research Areas and Areas of Expertise
Strategic Priorities
HighlightsShihao Yu is an Assistant Professor of Finance at SMU whose research bridges financial market microstructure, FinTech, and AI, with impactful publications and international recognition in both academic and regulatory circles.
Recognized for advancing understanding of how technology and AI reshape financial markets, with methodological rigor and real-world relevance; research cited by industry and regulatory bodies; awarded for outstanding papers and supported by major research grants.
Focused research areas include Market structure and price discovery in traditional and decentralized exchanges; the impact of AI and ML on empirical finance; high-frequency trading dynamics; regulatory implications of financial technologies; liquidity and risk in stressed markets.
Recognized for advancing understanding of how technology and AI reshape financial markets, with methodological rigor and real-world relevance; research cited by industry and regulatory bodies; awarded for outstanding papers and supported by major research grants.
Focused research areas include Market structure and price discovery in traditional and decentralized exchanges; the impact of AI and ML on empirical finance; high-frequency trading dynamics; regulatory implications of financial technologies; liquidity and risk in stressed markets.
Areas of Expertise
Market microstructure
Past Awarded Grant
- AFA Ph.D. Student Travel Grant ($750), 2019
- "KRX Outstanding Paper Award" ($1,500), Asia-Pacific Association of Derivatives, 2019
- Research Talent grant (€200,000), Netherlands Organization for Scientific Research (NWO), 2017
Latest Publications
Showing up to 6 latest publications from the past 5 years.
- AI “Errors” [2026]W Huang, AJ Menkveld, S Yu
- A Capponi, R Jia, S YuThe Review of Financial Studies, hhag002, 2026
- AJ Menkveld, IL Saru, S YuESRB Working Paper Series, 2025
- Nonstandard errors [2024]AJ Menkveld, A Dreber, F Holzmeister, J Huber, M Johannesson, ...The Journal of Finance 79 (3), 2339-2390, 2024
- Nonstandard Errors [2024]A Dreber, F Holzmeister, J Huber, M Johannesson, M Kirchler, S Neusüß, ...The Journal of Finance, 2024
- A Capponi, S YuWorking Paper, 2024
This highlights are AI-generated content using the faculty's CV.
Home Page
Education
| 2023 | PhD in Finance, Vrije Universiteit Amsterdam and Tinbergen Institute |
| 2017 | MPhil in Econometrics, Vrije Universiteit Amsterdam and Tinbergen Institute |
| 2015 | B.A. in Economics, Southwestern University of Finance and Economics |
Current Position(s) Held
| July 2024 - Now | Assistant Professor of Finance Lee Kong Chian School of Business, Singapore Management University |
Awards, Recognition and Honors
- 2019 "KRX Outstanding Paper Award", Asia-Pacific Association of Derivatives
- 2017 Research Talent grant, Netherlands Organization for Scientific Research (NWO)
Research Interest
- Market Microstructure
- Decentralized Finance
Journal Articles (Refereed)
- Wenqian Huang, Albert J. Menkveld, and Shihao Yu (2021). "Central Counterparty Exposure in Stressed Markets." Management Science, 67(6), 3596–3617. https://doi.org/10.1287/mnsc.2020.3601
- Albert J. Menkveld and 342 coauthors. 2023. “Non-Standard Errors.” The Journal of Finance 79(3), 2339-2390. DOI: 10.1111/jofi.13337.