XiaoboÌýYu

  • Assistant Professor
  • FINANCE
Xiaobo Yu
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Education

PhD, Finance, Columbia University, 2024
Advisor: Professor Tano Santos

MS, Economic Theory & Econometrics, Toulouse School of Economics, 2018
Magna cum laude for M2, summa cum laude for M1

BS, Economics, Fudan University, 2016

Biography

Xiaobo Yu is an Assistant Professor of Finance at the Leeds School of Business. He received his Ph.D. in Finance from Columbia Business School in 2024. Prior to his PhD, he obtained a master’s degree in Economics from Toulouse School of Economics and a bachelor’s degree from Fudan University.Ìý

Xiaobo’s research has a focus on corporate finance theory and financial intermediation. His papers unveiled a novel interaction of bankruptcy court and out-of-court debt restructuring and shed lights on the effect debt maturity on financial stability in the interbank network; His current research explores the systematic difference of exchange offers in various financial transactions and the optimal design of liquidity insurance contract.Ìý

He is the recipient of the Finance Theory Group (FTG) 2024 Best Paper Award (first-place winner) and the Brattle Group Ph.D. Candidate Awards For Outstanding Research.

Research

Research Areas of Interest

  • Corporate finance theory
  • Bankruptcy and debt restructuring
  • Financial network
  • Takeover, merger and acquisition
  • Financial intermediation

Selected Publications

  • Xiaobo Yu. 2023. A General Theory of Holdouts. Job Market Paper.
  • Jason Donaldson, Giorgia Piacention, Xiaobo Yu. 2023. Systemic Risk in Financial Networks Revisited: The Role of Maturity. R&R at the Journal of Finance.
  • Yiqing Xie, Zhihong Yu, Yu Zhou, Xiaobo Yu. 2023. Spatial Outward FDI: Evidewnce from China's Multinational Firms. Review of International Economics.

Working Papers

  • Ed R. Morrison, Giorgia Piacentino, Jason R. Donaldson and Xiaobo Yu, 2025, Restrucutring vs. Bankruptcy
  • Giorgia Piacentino, Jason R. Donaldson, and Xiaobo Yu, 2025, Systemic Risk in Financial Networks Revisited: The Role of Maturity
  • Xiaobo Yu, 2025, A General Theory of Holdouts
  • Xiaobo Yu, 2025, Liquidity Insurance and Pledgeability

Teaching

Yu teaches coursework in corporate finance.

Service

  • Reviewer, Colorado Finance Summit
  • Member/reviewer, FMA Annual Meeting Program Committee
  • Mentor, Leeds Diversity Doctoral Program
  • Seed Grant Reviewer, CU ¶¶Òõ´«Ã½ÔÚÏß Research & Innovation Office
  • Session Chair, ES Europe Meeting: Corporate Finance: Theory and Empirics

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