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Susana Yu

Professor, Accounting and Finance

Email:
yus@montclair.edu
Phone:
973-655-2094
Degrees:
BA, Queens College
MBA, Baruch College, CUNY
PhD, Baruch College, CUNY
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Profile

Dr. Susana Yu is a Professor of Finance at Montclair State University. She earned a B.A. at Queens College/CUNY, M.B.A. from Baruch College/CUNY and Ph.D. from Baruch College/CUNY. Prior to joining MSU, Susana taught courses in financial management and investment analysis at both the graduate and undergraduate levels for Iona College.

Susana has written more than 25 refereed publications in blind-reviewed journals such as Global Finance Journal, Journal of Applied Finance, Journal of Banking and Finance, Journal of Futures Markets, Journal of Investing, Journal of Investment Management and Review of Quantitative Finance and Accounting. Her research interests focus on market efficiency, trading strategies, market micro-structure, risk management, and analysts' forecasts.

Susana is an active member of the Financial Management Association (FMA), Eastern Finance Association (EFA), Southern Finance Association (SFA) and Southwestern Finance Association (SWFA). In particular, she has served extensively on conference program committees for these associations. She is the former board of director at the SWFA, former vice president (program) for the 2010 Northeast Business and Economics Association (NBEA)Meeting, former track chair in special topics for the 2009 SFA Meeting, and 2010 EFA Meeting and the former track chair in investments for the 2011 EFA Meeting. She is currently the vice president in special events for the 2012 SWFA Meeting. In addition, she is the editorial board member of Managerial Finance and Financial Decisions. She is also the Associate Editor of the American Economist. Furthermore, Susana has been the guest co-editor on three special issues for Managerial Finance and one special issue for Financial Decisions. Recently, she is the recipient of the "Bright Idea" Award for Research Paper in Finance. This award is sponsored by the Stillman School of Business at Seton Hall University and the NJPRO Foundation of the New Jersey Business and Industry Association (NJBIA).

Susana is an active member in the university community as well. Not only Susana was the coordinator for the CFA Review Course at MSU, she was also the advisory board member of Educational Opportunity Program (EOP), the corresponding secretary of the President's Commission on Affirmative Action and Diversity (PCAAD), the faculty adviser to the Financial Management and Economics Society (FMES). Currently she is the faculty senator, president of the Asian and Pacific Islanders Caucus, faculty adviser to Unified Asian American Student Organization (UAASO) and the faculty adviser to the Chinese Student Association (CSA).

Specialization

Susana will teach Investment Analysis and Portfolio Theory (FINC326), Capital Budgeting Management (FINC322) and Research Seminar in Finance (FINC490) in Fall 2013. She will hold her office hours in Partridge Hall 419.

Office Hours

Fall

Monday
4:05 pm - 5:20 pm
Wednesday
4:05 pm - 5:20 pm

Research

  • Can a Profitable Trading Strategy Be Built on the Basis of Corporate Financial Ratios in Stable and Disrupted Markets? (co-authored with Gwen Webb, and Richard Lord)
  • Financial Sustainability of Non-profit Arts and Cultural Organizations (coauthored with Betsy Lin and Weiwei Lin) - submitted for review to International Journal of Sustainable Society
  • Historical Equity (Daily Price) Correlation: the 1,500 stocks (in the S&P 500 index, S&P 400 index and S&P 600 index) and each of the three S&P indexes (coauthored with Gwen Webb)
  • The Implications of ETFs Stock Ownership for Market Efficiency: The Special Case of Speed of Adjustment (coauthored with Gwen Webb)

Professional Experience

  • Assistant Professor of Finance, State University of New York / Plattsburgh (2002 - 2005)
  • Assistant Professor of Finance, Iona College (2005 - 2006)
  • Associate Professor of Finance, Montclair State University (2006 - 2011)
  • Professor of Finance, Montclair State University (2011 - Present)

Honors & Awards

  • Research Reviewed in Popular Media, CFA Digest, Volume 35, Number 1. pp6-7 (February 2005)
  • Recognition for Launching the FMA Student Chapter, Financial Management Association (May 2009)
  • Honored Lifetime Member, Montclair Who's Who in College Faculty (August 2009)
  • Recognition for Serving as the Track Chair in Special Topics, Southern Finance Association (November 2009)
  • Recognition for Serving as the Track Chair in Special Topics, Eastern Finance Association (April 2010)
  • Honorable Mention in President's Opening Day Address, Montclair State University, New Jersey, (September 2010)
  • Recipient of the Summer Research Grant, Montclair State University (June 2010)
  • Honorable Mention in President's Address to the Community, Montclair State University, New Jersey, (April 2012)
  • Honorable Mention in the Annual (SBUS) Faculty Recognition Luncheon , School of Business, Montclair State University (April 2012)
  • Faculty Advisor - MSU Student Team at the CFA/NYSSA Investment Research Challenge- Finalist in NY Region , (February 2012)
  • "Bright Idea" Award for Research Paper in Finance, Stillman School of Business at Seton Hall University and the NJPRO Foundation of the New Jersey Business and Industry Association (NJBIA), (October 2011)
  • Recognition for Serving as the Track Chair in Investment, Eastern Finance Association, (April 2011)
  • Recognition for Serving as the Board of Director (March 2009 to February 2011), Southwestern Finance Association (March 2011)
  • Recognition for Serving as the Program Organizer / Vice President in Program, Northeastern Business and Economics Association (October 2010)
  • Recognition for Serving as the Board of Director, Southern Finance Association, (November 2014)
  • Recognition for Serving as the Treasurer/Secretary, South-Western Finance Association (March 2016)
  • Recognition for Serving as the Vice-President, South-Western Finance Association (March 2017)
  • Vice President - Special Events, Southwestern Finance Association (2011-2013) ( )
  • Recognition for Serving as the President, South-Western Finance Association (March 2018)
  • Member of the Editorial Board, Financial Decisions (2010-present) ( )
  • Member of the Editorial Board, Managerial Finance (2009-present) ( )
  • Board of Director, Southern Finance Association (2012-2014) ( )
  • Associate Editor, The American Economist (2011-2013) ( )
  • Advisory Board Member, Educational Opportunity Program at MSU (2009-2011) ( )

Refereed Published Articles

  • S. Yu, J. Rentzler (2004). Can Simple Buy and Sell Rules Increases Index Future Day Trading Profitabilty?. Journal of Investment Management
  • S. Yu, J. Rentzler, A. Wolf (2004). Long/Short Investment Strategies May Not Be Factor Neutral. Journal of Investing
  • L. Ferguson, R. Ferguson, J. Rentzler, S. Yu (2004). Looking Back: Quantitative Investment Analysis Before Computers. Journal of Applied Finance
  • S. Yu, A. Wolf (2003). Emprical Study on Price Momentum Strategy for Long, Short and Long/Short Portfolios. The Journal of Wealth Management
  • S. Yu, A. Wolf (2003). An Examination of Average Returns, Dispersion of Average Returns, and Bid-Ask Quotes on Long, Short and Long/Short Portfolios under Different Trading Methods. The Journal of Wealth Management
  • J. Grant, A. Wolf, S. Yu (2005). Intra-Day Price Reversals for S&P500 Index Futures. Journal of Banking and Finance
  • S. Yu, J. Rentzler, A. Wolf (2005). NASDAQ-100 Index Futures: Intraday Momentum or Reversal?. Journal of Investment Management
  • R. Ferguson, J. Rentzler, S. Yu (2005). Does EVA Improve Stock Performance Profitability?. Journal of Applied Finance
  • J. Rentzler, K. Tandon, S. Yu (2006). Intraday Price Reversal Patterns in the Currency Futures Market: The Impact of the Introduction of GLOBEX and the Euro. Journal of Futures Markets
  • R. Ferguson, J. Rentzler, S. Yu (2006). Trading Strategy on EVA and MVA: Are They Reliable Indicators of Future Stock Performance?. Journal of Investing
  • J. Rentzler, K. Tandon, S. Yu (2006). Short-term Market Efficiency in the Futures Markets: TOPIX Futures and 10-Year JGB Futures. Global Finance Journal
  • K. Chern, K. Tandon, S. Yu, G. Webb (2008). The Information Content of Stock Split Announcements: Do Options Matter?. Journal of Banking and Finance
  • D. Leistikow, S. Yu (2007). VIX Signaled Switching for Style-Differential and Size-Differential Short-term Stock Investing. Finance Letters
  • K. Chern, K. Tandon, S. Yu (2008). Momentum Strategies on Optioned and Non-Optioned Stocks. The Journal of American Academy of Business, Cambridge
  • S. Yu, K. Tandon, G. Webb (2010). The Effects of Option Introduction on Analyst Coverage and Earnings Estimates. The American Economist
  • S. Yu, R. Lord, G. Webb (2010). The Hot-Growth Companies: How Well Do Analysts Predict Their Performance. Journal of Economics and Business
  • S. Yu, S. Kim (2009). Analysis of Business Week Hot-Growth Stocks: Momentum and Fundamental Investment Approaches. Journal of Asset Management
  • R. Ferguson, D. Leistikow, S. Yu (2009). Arithmetic and Continuous Return Mean-Variance Efficient Frontiers. Journal of Investing
  • S. Yu (2009). Reinganum's Trading Strategies Revisited: Structuring Profitable Strategies Based on Updated Filter. Managerial Finance
  • R. Ferguson, D. Leistikow, J. Rentzler, S. Yu (2009). The Effect of Value Estimation Errors On Portfolio Growth Rates. Journal of Investing
  • S. Yu, G. Webb (2009). The Effects of ETF Splits on Liquidity and Individual Investors. Managerial Finance
  • S. Yu, D. Leistikow (2009). Which Explains an Indexes' Better - Changes in its Own Implied Volatility or a Broader Indexes' Implied Volatility?. Journal of Investment Management
  • K. Tandon, S. Yu, G. Webb (2010). Option Introduction and Secondary Equity Offerings. Journal of Applied Finance
  • S. Yu, J. Rentzler, K. Tandon (2010). Re-examination of the Uncertain Information Hypothesis. Review of Quantitative Finance and Accounting
  • S. Yu (2011). Pairs-trading on Divergent Analyst Recommendations. Journal of Investment Management
  • S. Yu (2011). The Changing Nature of Corporate Distributions and Its Implications for Investors. The American Economist
  • S. Yu, D. Leistikow (2011). Abnormal Stock Returns, for the Event Firm and its Rivals, Following the Event Firm’s Large One-day Stock Price Drop. Managerial Finance
  • S. Yu (2012). New Empirical Evidence on the Investment Success of Momentum Strategies Based on Relative Stock Prices. Review of Quantitative Finance and Accounting
  • S. Yu, G. Webb, K. Tandon (2015). What Happens When a Stock Is Added to the Nasdaq-100 Index? What Doesn’t Happen?. Managerial Finance
  • S. Yu, G. Webb, , Fabbozi (2016). Can Fundamental Factors Enhance the Performance of Traditional Momentum Strategies?. Journal of Investment Management
  • S. Yu, G. Webb, (2017). New Perspectives on the Information Content of Dividend Initiation Announcements: The Special Case of Information Technology Firms. Managerial Finance
  • S. Yu, G. Webb (2017). Market Adaptation to Regulation Fair Disclosure: The Use of Industry Information to Enhance the Informational Environment. Journal of Economics and Business
  • S. Yu, G. Webb (2020). Empirical Evidence on the Profitability of Momentum Trading Strategies Using ETFs. Managerial Finance

Books & Chapters

  • S. Yu, R. Lord (2010). Selected Papers from the Annual Meeting of the Southern Finance Association in 2008. Managerial Finance, Emerald Group Publishing Limited
  • S. Yu, R. Lord (2010). Selected Papers from the Annual Meeting of the Southwestern Finance Association in 2009. Managerial Finance, Emerald Group Publishing Limited
  • S. Yu, R. Lord (2011). Selected Papers from the Annual Meeting of the Northeast Business and Economics Association in 2010. Financial Decisions
  • S. Yu (2012). Selected Papers from the Annual Meeting of the Eastern Finance Association in 2011. Managerial Finance, Emerald Group Publishing Limited
  • S. Yu (2012). Selected Papers from the Annual Meeting of the Society for Global Business & Economic Development (SGBED) in 2011. Financial Decisions