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Current Teaching

• COMM 4202 Derivatives
• COMM 4250 Theory of Finance
• BUSS 6201 Theory of Finance
• BUSS 6203 Econometrics for Business Research
  

Research Interests

Professor Zhao鈥檚 research interests include asset pricing and investment, Derivative securities pricing and hedging, risk management, and credit rating models. His work is interdisciplinary and collaborative. His research contributes to both theory and practice.

Selected Awards and Honours

• 2016听 SSHRC Insight Grant
• 2010听 Northern Finance Association best paper award.
• 2009听 SSHRC Research Grant
• 2007听 NSERC Research Grant
• 2006听 CFI Infrastructure Funding

Selected Publications

• Smart indexing under regime-switching economic states. Edirisinghe, C. & Zhao, Y. Applied Mathematical Finance 27, 442-456听 (2021)
• Optimal capital growth with convex shortfall penalties. MacLean, L.C., Zhao, Y. & Ziemba, W.T. Quantitative Finance 16, 101-117 (2016)
• Time-consistent investment policies in Markovian markets: A case of mean鈥搗ariance analysis听 Chen, Z., Li, G., & Zhao, Y. Journal of Economic Dynamics and Control 40(C), 293-316听 (2014)
• Optimal excess-of-loss reinsurance and investment problem for an insurer with jump-diffusion risk process under the Heston model 听听Zhao, H., Rong, X, & Zhao, Y. 听Insurance: Mathematics and Economics 53, 504-514 (2013)
• A dynamic model of active portfolio management with benchmark orientation. Zhao, Y. Journal of Banking and Finance 31, 3336-3356听 (2007)