YU, Shihao
Full-time Faculty
Assistant Professor of Finance
Lee Kong Chian School of Business
LKCSB
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.
Research Areas and Areas of Expertise
Strategic Priorities
HighlightsShihao Yu is an emerging scholar in financial economics, specializing in market microstructure, FinTech, and the intersection of AI and finance, with impactful research recognized by leading journals and industry outlets.
Bridges rigorous empirical research with technological innovation, advancing understanding of market dynamics in both centralized and decentralized settings; recognized for methodological contributions and real-world relevance, with work cited by Bloomberg and awarded by Asia-Pacific Association of Derivatives; combines expertise in AI, ML, and finance to address contemporary challenges in market structure and regulation.
Focused research areas include Price discovery mechanisms in decentralized and traditional exchanges; risk exposure and resilience in clearinghouses; empirical analysis of AI-driven research in finance; liquidity and price discovery in FX trading; predictive modeling using neural networks and order book data.
Bridges rigorous empirical research with technological innovation, advancing understanding of market dynamics in both centralized and decentralized settings; recognized for methodological contributions and real-world relevance, with work cited by Bloomberg and awarded by Asia-Pacific Association of Derivatives; combines expertise in AI, ML, and finance to address contemporary challenges in market structure and regulation.
Focused research areas include Price discovery mechanisms in decentralized and traditional exchanges; risk exposure and resilience in clearinghouses; empirical analysis of AI-driven research in finance; liquidity and price discovery in FX trading; predictive modeling using neural networks and order book data.
Areas of Expertise
Financial market microstructurefinancial technology (FinTech)high-frequency tradingdecentralized finance (DeFi)machine learning (ML)artificial intelligence (AI).
Past Awarded Grant
- AFA Ph.D. Student Travel Grant ($750)
- "KRX Outstanding Paper Award" ($1,500) [2], Asia-Pacific Association of Derivatives
- 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.