Tie Su (宿铁), Ph.D., CFA Associate Professor of Financetie@miami.edu http://moya.bus.miami.edu/~tsu/
Academic Experience |
Education |
Honors and Awards |
Research |
Teaching
ACADEMIC EXPERIENCE
Associate Professor of Finance Department of Finance ,
Miami Business School ,
University of Miami , Coral Gables, FloridaJune 2002 - presentCFA Professional Review Subject Matter Expert Schweser ,
Stalla ,
Becker ,
CFA-Miami ,
the American College of Financial Services , and
Wiley .
Visiting Professor of Finance Shanghai National Accounting Institute [上海国家会计学院] , Shanghai, China, 2006 - present.Zhongnan University of Economics and Law [中南财经政法大学] , Wuhan, China, 2007 - 2016.Shanghai University of International Business and Economics [上海对外经贸大学] , Shanghai, China, 2015 - 2016.Huazhong University of Science and Technology [华中科技大学] , Wuhan, China, 2011.Southwestern University of Finance and Economics [西南财经大学] , Shanghai, China, 2010.Guanghua School of Management ,
Beijing University [北京大学光华管理学院] , Beijing, China, 2000.Assistant Professor of Finance Department of Finance ,
Miami Business School ,
University of Miami , Coral Gables, FloridaMay 1996 - May 2002Instructor Department of Finance ,
College of Business ,
University of Missouri , Columbia, MissouriJanuary 1996 - May 1996
EDUCATION
Ph.D. in finance, 1995 Department of Finance ,
University of Missouri , Columbia, MissouriMajor: FinanceMinor: Econometrics and Microeconomics M.A. in statistics, 1991 Department of Statistics ,
University of Missouri , Columbia, MissouriMajor: Statistics B.S. in statistics, 1989Department of Statistics ,
Beijing University , Beijing, China Major: Statistics
HONORS AND AWARDS
Excellence in Teaching Award University of Miami School of Business, Undergraduate Business Education, 2018Excellence in Teaching Award University of Miami School of Business, Master of Science in Finance, 2016 and 2017Excellence in Teaching Award University of Miami School of Business, Master in International Business Studies, 2017Faculty Research Mentor of the Year University of Miami School of Business, Undergraduate Business Education, 2016Excellence in Teaching Award University of Miami School of Business, Undergraduate Business Education, 2015Best Paper Award "Non-Marketability and One-Day Selling Lock-up," with J. Bian and J. Wang
The 31st Asian Finance Association Annual Meeting, Ho Chi Ming City, Vietnam, 2019Best Paper Award "CFA Certification Program and Sell-Side Analysts," with Q. Kang and X. Li
2012 NTU International Conference on Finance, Taipei, Taiwan, 2012Best Paper Award "Non-Marketability and One-Day Selling Lock-up," with J. Bian and J. Wang
TCFA Symposium, New York, NY, 2010Shanghai Stock Exchange research grant, summer 2008 Nominated for the Excellence in Teaching Award, 1998, 1999, 2004-2007. University of Miami. Nominated for the "Professor of the Year", 2002, 2003. University of Miami School of Business. James W. McLamore Summer Awards in Business and the Social Sciences Research Council, University of Miami, 1997, 1999, 2001, and 2011. SBA Summer Research Grants University of Miami School of Business, 1996-2002, 2010. General Research Support Award Research Council, University of Miami, 1998. Chicago Board of Trade (CBOT) Futures and Options Paper Award "The Hull and White Option Pricing Model and the Stochastic Process for the Market Portfolio," with C. Corrado
Midwest Finance Association meetings, Chicago, IL, 1996American Association of Individual Investors (AAII) Accepted Dissertation Proposal Grant "Implied Stochastic Factors in Options Prices," 1995American Association of Individual Investors (AAII) Investments Paper Award "A Simple Cost Reduction Strategy for Liquidity Traders: Trade at the Opening," with R. Brooks. Midwest Finance Association meetings, Cincinnati, OH, 1995Excellence in Teaching Award Department of Finance, University of Missouri, 1995Graduate Achievement Award University of Missouri, 1995American Association of Individual Investors (AAII) Investments Paper Award "Skewness and Kurtosis in S&P 500 Index Return Implied by Option Prices," with C. Corrado. Southern Finance Association meetings, Charleston, NC, 1994Financial Research Institute Grant Financial Research Institute, University of Missouri, 1993
REFEREED PUBLICATIONS
25. "Sell-Side Financial Analysts and the CFA Certification Program." with Q. Kang and X. Li Financial Analysts Journal , 2018, vol. 74, No. 2, 70-83. (download) 24. "Mortgage Delivery to the Secondary Market When Interest Rates Are Falling."
with A. Heuson Financial Review , 2012, Vol. 47, No. 2, 219-246. (download) 22. "The Value of Mortgage Prepayment and Default Options."
with Y. Chen, M. Connolly, and W. Tang Journal of Futures Markets , 2009, Vol. 29, No. 9, 840-861. (download) 21. "Investment Aspects of United States Social Security System and Reform Proposals."
with M. Theisen and W. Guo Special edition of China's Pension, Healthcare and Social Welfare System, Peking University. 2009.20. "A Closer Look at Option Theta."
with D. Emery and W. Guo Journal of Economics and Finance , 2008, Vol. 1, 59-74. (download) 19. "Option Put-Call Parity Relations When the Underlying Security Pays Dividends."
with W. Guo International Journal of Business and Economics , 2006, Vol. 5, No. 3, 225-230. (download) 18. "Weak and Semi-Strong Form Stock Return Predictability Revisited."
with W. Ferson and A. Heuson Management Science , 2005, Vol. 51, No. 10, 1582-1592. (download) 17. "Completely Predictable and Fully Anticipated? Step Ups in Warrant Exercise Prices."
with L. Garcia-Feijoo and J. Howe Applied Economics Letters , 2005, v12(9), 561-565. (download) 16. "Factors in Implied Volatility Skew in Corn Futures Options."
with W. Guo Papers of the Nebraska Business and Economic Association, Vol. 16, No. 1, Fall 2004, 1-15. (download) 15. "A Note on the Derivation of Black-Scholes Hedge Ratios."
Journal of Futures Markets , 2003, Vol. 23, No. 11, 1119-1122. (download) 14. "How the Equity Market Responds to Unanticipated Events."
with R. Brooks and A. Patel Journal of Business, 2003, Vol. 76 No. 1, 109-133. (download) 13. "The Response of Sector Index Option Prices on Treasury Securities to Macroeconomic Announcements."
with A. Heuson Financial Review , 2003, Vol. 38, 161-177. (download) 12. "Predicting Volatility in the Commodity Futures Option Market: Evidence from the Corn Market during 1991-2000."
with S. Ferris and W. GuoInternational Journal of Finance and Banking, 2003, vol. 1, No. 1, 73-94. (download) 11. "Discretionary Reductions in Warrant Exercise Prices."
with J. HoweJournal of Financial Economics , 2001, Vol. 61, 227-252. (download) 10. "Large Price Movements and Short-Lived Market Microstructure Changes."
with R. Brooks and J. Park
Quarterly Review of Economics and Finance , 1999, Vol. 39, 303-316.
(download) 09. "Implied Volatility Skews and Stock Index Skewness and Kurtosis in S&P 500 Index Option Prices."
with C. Corrado
RISK Books , Volatility: New Estimation Techniques for Pricing Derivatives, June 1998, 381-390.
(download) 08. "An Empirical Test of the Hull-White Option Pricing Model."
with C. Corrado
Journal of Futures Markets , June 1998, Vol. 18 No. 4, 363-378.
(download) 07. "A Simple Cost Reduction Strategy for Small Liquidity Traders: Trade at the Opening."
with R. Brooks
Journal of Financial and Quantitative Analysis , December 1997, Vol. 32 No. 4, 525-540.
(download) 06. "A Contingent Claims Approach to the Inventory Stocking Decision."
with J. Stowe
Financial Management , Winter 1997, Vol. 26 No. 4, 42-55.
(download) 05. "CEO Presentations to Financial Analysts: Much Ado About Nothing?"
with R. Brooks, and M. Johnson
Financial Practice and Education , Fall 1997, Vol. 7 No. 2, 19-28.
(download) 04. "Implied Volatility Skews and Skewness and Kurtosis In Stock Option Prices."
with C. Corrado
European Journal of Finance , 1997, Vol. 3 No. 1, 73-85.
(download) 03. "Implied Volatility Skews and Stock Index Skewness and Kurtosis in S&P 500 Index Option Prices."
with C. Corrado
Journal of Derivatives , Summer 1997, Vol. 4 No. 4, 8-19.
(download) 02. "Skewness and Kurtosis in S&P 500 Index Returns Implied by Option Prices."
with C. Corrado
Journal of Financial Research , Summer 1996, Vol. XIX No. 2, 175-192.
(download) 01. "S&P 500 Index Option Tests of Jarrow and Rudd's Approximate Option Valuation Formula."
with C. Corrado
Journal of Futures Markets , September 1996, Vol. 16 No. 6, 611-629.
(download) PAPERS UNDER REVIEW AND IN PROCESS
"The Information Content of Reverse Stock Split Announcements."
with A. Heuson "Non-Marketability and One Day Selling Lock-Up."
(download)
with J. Bian and J. Wang "Model-Free Boundaries of Option Time Value and Early Exercise Premium."
(download)
with J. Zhang
PROFESSIONAL PRESENTATIONS
"Mortgage Delivery Options: An Innovation to Improve the Risk/Return Tradeoff in Residential Mortgage Lending." International Symposium on Financial Engineering and Risk Management, Beijing, China, June 2007. Eastern Finance Association Conference, New Orleans, LA, April 2007. AREUEA Conference, Chicago, IL, January 2007. "How Much Do Expected Stock Returns Move over Time? Answers from the Options Markets." Sichuan University Finance Conference, Chengdu, China, July 2005. American Finance Association meetings at Boston, MA, January 2000. Western Finance Association meetings at Santa Monica, CA, June 1999. Utah Winter Finance Conference at Salt Lake City, UT, February 1999. "Predicting Volatility in the Commodity Futures Option Market: Evidence from the corn market during 1991-2000." Midwest Financial Association meetings in St. Louis, MO, March 2003. "Discretionary Reductions in Warrant Exercise Prices." Financial Management Association meetings at Seattle, WA, October 2000. "The Market's Response to Unanticipated Events." Financial Management Association meetings at Orlando, FL, October 1999. "The Response of Sector Index Option Prices on Treasury Securities to Macroeconomic Announcements." Financial Management Association meetings at Orlando, FL, October 1999. "Implied Volatility Skews and Stock Index Return Distributions." Midwest Finance Association meetings at Kansas City, MO, March 1997.Chicago Broad of Trade Spring Research Seminar, Chicago, IL, May 1997.RISK Conference, Miami, FL, October 1997."The Hull and White Option Pricing Model and the Stochastic Process for the Market Portfolio." Financial Management Association meetings at New Orleans, LA, October 1996. Southern Finance Association meetings at Baltimore, MD, November 1997."A Contingent Claims Approach to the Inventory Stocking Decision." Financial Management Association meetings at New Orleans, LA, October 1996."Large Price Movements and Short-Lived Market Microstructure Changes." Financial Management Association meetings at New York, NY, October 1995."Skewness and Kurtosis in S&P 500 Index Returns Implied by Option Prices." Financial Management Association meetings at New York, NY, October 1995."Implied Stochastic Factors in Option Prices." Financial Management Association meetings at St. Louis, MO, October 1994."A Simple Cost Reduction Strategy for Liquidity Traders: Trade at the Opening." Financial Management Association meetings at St. Louis, MO, October 1994.
AD-HOC REFEREE
Review of Financial Studies Journal of Finance Management Science Journal of Financial and Quantitative Analysis Review of Asset Pricing Studies Financial Management Journal of Financial Research Journal of Banking and Finance Journal of Futures Markets Financial Review Journal of Empirical Finance Quarterly Review of Economics and Finance Journal of Financial Engineering Financial Practice and Education European Journal of Finance Review of Financial Economics Journal of Policy Reform Pacific-Basin Finance Journal Journal of Economics and Business International Review of Economics and Finance IMA Journal of Management Mathematics Multinational Finance Journal International Review of Finance Discrete Dynamics in Nature and Society Journal of Functional Spaces
TEACHING
tie@miami.edu .Copyright © 1996-2020 
