Finance Seminar Series – Jiacui Li

Every semester, the Warrington College of Business hosts finance educators from around the country to share their research and interests on finance issues.

Jiacui Li of University of Utah is the featured speaker. His recent research shows that correlated trading create market/style-level price pressures and that explain a large fraction of asset price movements. For instance, price pressures explain over 40% of size and value factor movements, the sharp drop of momentum-related factor profitability after 2002, etc. His other papers focus on non-standard investor behaviors such as endogenous inattention of bond investors and Morningstar rating-chasing behavior of mutual fund investor.