About
Welcome to my website! I am a postdoctoral researcher at Olin Business School, Washington University in St. Louis. I’m fortunate to be advised by Prof. Guofu Zhou and Prof. Asaf Manela. My research interests include (Generative) AI in finance, textual analysis, and sell-side analysts. I enjoy both consuming and producing LLMs for financial applications.
Contact
- llyu [at] wustl [dot] edu
Education
Washington University in St. Louis, Olin Business School
Postdoctoral Researcher (2024–present)
Visiting Ph.D. Student (2022–2024)Zhejiang University, School of Economics
Ph.D. in Finance (2020–2024)
M.S. in Finance (2018–2020)
B.A. in Finance (2014–2018)
Working Papers
The Value of Information from Sell-side Analysts (Job Market Paper)
Selected Conferences: 7th Future of Financial Information Conference (2025), AFA Poster Session (2025), AFFECT (2025), 1st Workshop on LLMs & Generative AI in Finance at NYU (2024), SoFiE (2024), 8th Wolfe Research QES (2024)Empirical Asset Pricing with Probability Forecasts (with Songrun He and Guofu Zhou)
Selected Conferences: AFA (2025), 8th Wolfe Research QES (2024)Chronologically Consistent Large Language Models (with Songrun He, Asaf Manela, and Jimmy Wu)
Selected Conferences: NBER Summer Institute (2025, scheduled), AFA (2026, scheduled), ABFR Webinar (2025), Federal Reserve Board (2025)How Accurate are Survey Forecasts on the Market (with Songrun He, Jiaen Li, and Guofu Zhou)
Do Sell-side Analyst Reports Have Investment Value? (solo author)
Publications
The Real Effect of Monetary Policy under Uncertainty: Evidence from the Change in Corporate Financing Purposes
with Jiajun Lu, Yizhong Wang, and Yueteng Zhu, Journal of Banking and Finance, 2025Debt Shifting of Zombie Firms: A Supply Chain Perspective
with Yizhong Wang, Journal of Management Sciences in China (管理科学学报), 2025 [in Chinese]