Jacques Lu, Ph.D., FRM, CFA


Assistant Professor of Finance, University of North Carolina Wilmington

Email: luy at uncw dot edu

CV | Google Scholar | ORCID

News: “Testing the Expectations Hypothesis in the Equity and Interest Rate Markets” (previously titled “Equity Forward Return from Derivatives”) received the Best Paper Award at the 2025 Multinational Finance Society Annual Conference.

Working Papers

  1. Anomalies and Mispricing: Challenges in Causal Inference (with Yufeng Han, Weike Xu, and Guofu Zhou).
  2. Testing the Expectations Hypothesis in the Equity and Interest Rate Markets (with Steven P. Clark and Weidong Tian).
    • Best Paper Award, 2025 Multinational Finance Society
    • Presented at 2021 CICF; Accepted at 2025 FMA
  3. All vs Long-Short: A New Class of Anomalies (with Yufeng Han and Guofu Zhou).
    • Presented at 2024 EasternFA; Accepted at 2025 FMA
  4. Market Risk Premium Expectation: Combining Option Theory with Traditional Predictors (with Hong Liu, Weike Xu, and Guofu Zhou).
    • Presented at 2024 AFA, 2023 CUHK-RAPS, 2023 CFEA
  5. Macro Financial Trends and Market Expected Returns (with Yufeng Han and Guofu Zhou).
    • Presented at 2023 Hong Kong Conference for Fintech, AI and Big Data in Business (Keynote Session)
  6. The Conditional Forward Return and Autocorrelation from VIX Derivatives (with Steven P. Clark and Weidong Tian).

Publications

  1. Mispricing and Anomalies: An Exogenous Shock to Short Selling from JGTRRA , Journal of Empirical Finance 78, 2024 (with Yufeng Han, Weike Xu, and Guofu Zhou).
  2. An On-line Machine Learning Return Prediction , Pacific-Basin Finance Journal 79, 2023 (with Weidong Tian).
    • INFORMS Seth Bonder Foundation Ph.D. Grant (2020)
  3. Addressing Systemic Risk Using Contingent Convertible Debt - A Network Analysis , European Journal of Operational Research 290(1), 2021 (with Aparna Gupta and Runzu Wang).
    • FMA Best Paper Award Winner in Derivatives & Options (2018)
    • INFORMS Best Student Paper Award Finalist (2018)
    • Global Association of Risk Professionals (GARP®) Research Fellowship (2017)

Selected Awards

  1. Best Paper Award, Multinational Finance Society Annual Meeting (2025)
  2. CFA® Institute Professor Scholarship (2024)
  3. Best Paper Award semi-finalist, Financial Management Association Annual Meeting (2023)

Last updated: August 2025

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