Research

I. Finance

ESG Scores, Scandal Probability, and Event Returns

• Working Paper (2022)
• Yichen Luo, Wenzhi Ding, Wenya Sun, S.M. Yiu, Luping Yu
• Brief: Higher ESG scores, lower ESG scandal probability but higher loss given scandal happened. Firm has optimal ESG investment level based on theoretical prediction.

II. Computer Science

Piercing the Veil of TVL: DeFi Reappraised

• Preprint (2024)
• Yichen Luo, Yebo Feng, Jiahua Xu, Paolo Tasca
• Brief: We propose a new metric, Total Value Redeemable (TVR), to accurately assess the value within DeFi, addressing the ‘double counting’ issue in Total Value Locked (TVL) calculations.