Campus Digest

Finance scholar wins Best Paper Award at securities and financial markets conference

10 Jan 2017

Dr Jason Yi wins the Best Paper Award for his co-authored paper at the securities and financial markets conference Dr Jason Yi wins the Best Paper Award for his co-authored paper at the securities and financial markets conference
Dr Jason Yi wins the Best Paper Award for his co-authored paper at the securities and financial markets conference

 

Dr Jason Yi, Research Assistant Professor of the Department of Finance and Decision Sciences, School of Business, won the Best Paper Award (First Prize) at the 24th Conference on the Theories and Practices of Securities and Financial Markets held by the National Sun Yat-sen University in Taiwan last month. The award was presented to Dr Yi for his co-authored paper with Professor Hwang Chuan-yang from the Nanyang Technological University and Professor Wong Kit-pong from The University of Hong Kong.



Entitled “Why do high dispersion stocks earn low returns? Evidence from institutional ownership”, the winning paper adopted an innovative way to explain why stocks with high dispersion in analysts’ forecasts lead to high uncertainty and low returns. The research findings suggested that analyst forecast bias often results in the overpricing of stocks with high dispersion. 



Dr Yi said: “The research idea is generated from utilising methodology from corporate finance in asset-pricing studies. I would say that integrating different research areas helps a lot in my research findings.”