Ruijing (Chandler) Yang

Welcome! I am an Assistant Professor in Finance at the University of Macau. My research focuses on empirical asset pricing, derivatives, and machine learning methods for financial prediction.

Selected Working Papers

Forecasting Option Returns with News
with Jie Cao, Bing Han, Gang Li, and Xintong Zhan
Firm and Macro Information in Corporate Bond Risk Premium
with Jie Cao, Linjia Song, and Xintong Zhan
The Role of Abnormal Stock Trading Volume in the Equity Option Market
with Jie Cao, Bing Han, Gang Li, and Xintong Zhan
When Charts Help and Mislead: Visual Peer Effects in Stock Markets
with Jie Cao, Amit Goyal, Xintong Zhan, and Qiruo Zhang

Employment

2025–Present
Assistant Professor in Finance
University of Macau
2024–2025
Postdoctoral Fellow
The Hong Kong Polytechnic University

Education

2024
Ph.D. in Finance
The Chinese University of Hong Kong
2019
M.Sc. in Finance
Nanyang Technological University
2017
B.Eng. in Civil Engineering
Southeast University

Research Interests

Empirical Asset Pricing: derivatives, return predictability, investments
Machine Learning in Finance: textual analysis, large language models