Moore School of Business - Dr. Hong Yan Earns Prestigious Award from Q-Group

Dr. Hong Yan, assistant professor of finance at the University of South Carolina’s Moore School of Business, along with Dr. Dragon Yongjun Tang of the University of Hong Kong, has been awarded $10,000 from the Q Group: The Institute for Quantitative Research in Finance for his research project titled "Liquidity and Credit Default Swap Spreads." Dr. Yan's project was selected from among 51 proposals submitted in 2007.

Dr. Yan’s project proposes to develop “an empirical study on the pricing effect of liquidity level and liquidity risk in the credit default swaps (CDS) market… Credit derivatives play an important role in today’s financial market by facilitating the transfer of credit risk.”

Dr. Yan joined the finance faculty at the Moore School in August 2006. He was a visiting academic scholar at the U.S. Securities & Exchange Commission and an assistant professor of finance in the McCombs School of Business at the University of Texas at Austin. He earned his Ph.D. in finance from the University of California at Berkeley in 1999. Dr. Yan’s area of expertise is asset pricing, and he has also done research regarding mutual funds and financial analysts. He has presented at numerous academic conferences and institutions, and his research papers have been published or are forthcoming in the Journal of Finance, Journal of Financial Economics, Review of Financial Studies, Journal of Financial Services Research, and Financial Analyst Journal.

The Q-Group was founded in 1966 (and incorporated in 2001) to "help the investment community create and implement structured solutions to financial and investment problems. The Q-Group endeavors to contribute to the development and understanding of new quantitative techniques to improve the operation of the global financial marketplace" (Q-Group Web site).

More information about Dr. Yan

Gail Crouch
January 2008

Faculty News

Dr. Hong Yan Earns Prestigious Award from Q-Group