Hello,

I’m Xiaobo Yu a PhD Candidate in Finance. a Researcher in Corporate Finance. looking for an academic job.

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I’m Xiaobo Yu

  • Corporate Finance
  • Banking
  • Liquidity

About Me

I am a PhD Candidate in Finance at Columbia Business School. My main research interest is corporate finance theory.

In particular, I am interested in how the institutional design of bankruptcy and restructuring affect each other, how the asset and cash flow pledegability affects a firm's ability to obtain liquidity insurance.

My Research

Restructuring and Bankruptcy

with Ed R. Morrison, Giorgia Piacentino and Jason R. Donaldson

We develop a model of a firm in financial distress. Distress can be mitigated by filing for bankruptcy (which is costly) or preempted by restructuring (which is impeded by a collective action problem).

Debt Maturity in Financial Networks

with Giorgia Piacentino and Jason R. Donaldson

We develop a model of interbank networks in which banks experience state-contingent liquidity shocks. We show that networks of long-term debt facilitate efficient transfer of liquidity:

Liquidity Insurance and Pledgeability

See slides here .

I model the design of liquidity insurance when firms suffer a concurrent unverifiable quality shock. The contactual incompleteness limits the extent of liquidity insurance:

Teaching

I am not teaching or TAing any course currently.

Resume

Download PDF here (Latest Update: September 2019)

Education:

September 2018 - Present

PhD Candidate in Finance

Wrote papers on bankruptcy vs. resutructuring, liquidity insurance

Columbia University, New York

August 2016 - 2018 July

Master in Econometrics and Theoretical Economics (Doctoral Track)

  • Summa Cum Laude (Très bien)
  • Merit-based Tuition Waiver
Toulouse School of Economics, Toulouse

September 2011 - 2016 June

Bachelor in Economics

  • Excellence Scholarship for Undergrads
Fudan University, Shanghai

August 2014 - 2015 July

Exchange Program

  • JASSO Scholarship Recipient
  • Dean's List (top 10%)
Waseda University, Tokyo

Experience:

June 2021- 2021 December

Research Assistant

Provided research assitance on multiple projects.

Professor Laura Veldkamp

June 2019- Present

Research Assistant

Provided research assitance on multiple projects.

Professor Giorgia Piacentino

June 2017- 2014 August.

Research Assistant

Provided research assitance on multiple projects.

Professor Neng Wang and Patrick Bolton

December 2015- 2016 August.

Research Assistant

Provided research assitance on multiple projects.

Professor Yiqing Xie and Yu Zhou

Get in touch with me?

Tell me about your projects and ask me about mine!

Discuss Research

3022 Broadway
New York City, NY, 10027, USA