Journal of Financial Markets Accepts Ji-Chai Lin’s Paper for Publication

11/26/2012 09:54 AM

BATON ROUGE – Ji-Chai Lin, Lloyd F. Collette Endowed Chair in Financial Services and C. C. “Cliff” Cameron Professor in the LSU Department of Finance, coauthored an article that the Journal of Financial Markets recently accepted for publication. The article, “Price Delay Premium and Liquidity Risk,” was coauthored with Ping-Wen Sun, a postdoctoral researcher at LSU, Ajai Singh from Lehigh University and Wen Yu from University of St. Thomas.

According to the paper’s abstract, the findings suggest that price delay premium is not due to inadequate risk sharing, but due to systematic liquidity risk. The paper focuses on the fact that firms with greater price delay have more difficulty attracting traders and their investors face higher liquidity risk, which accounts for their anomalous returns.

Lin joined LSU’s faculty in 1988, the same year he earned his Ph.D. in finance from the University of Iowa. His research interests include investments, market microstructure and investor behavior.

According to its website, the Journal of Financial Markets “publishes high quality original research on applied and theoretical issues related to securities trading and pricing.”

The Department of Finance is a Chartered Financial Analyst, or CFA, Program Partner and a Certified Financial Planner, or CFP, Board-Registered Program that offers high quality curricula to undergraduate and graduate students interested in careers in corporate finance, asset management, real estate, insurance, banking, financial planning and business law. The department boasts internationally renowned research faculty in several areas, including derivatives, asset management, banking and spatial econometrics. The department’s Securities Markets Analysis Research & Trading, or SMART, Lab boasts the Bloomberg Professional service, the platform used by more than 300,000 leading business and financial professionals worldwide to make informed business decisions, and an extensive library of financial data bases including the Wharton WRDS System. Additionally, the department encourages, supports and conducts research in real estate by housing the nationally renowned Real Estate Research Institute.

For more information, visit or call 225-578-6291.

Wendy  Marx 
E. J. Ourso College of Business

Posted on Monday, November 26, 2012