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Chicago Booth Review. “We dug into Yiran s Dropbox and found two polished papers, which were then distributed to a four-person committee (Professors Lars Peter Hansen, Veronica Guerrieri, Doron Ravid, and me),” Zhiguo He, the Fuji Bank and Heller Professor of Finance and co-chair of Fan s dissertation committee, said via email. “Lars and I read both papers carefully, digested their key economic messages, and prepared the slides for each paper,” He wrote. “We then scheduled a public lecture with a wide audience (following the Ph.D. dissertation defense rules at UChicago), to which we presented the two papers. During the presentation, it became clear to the four-person committee that Yiran s papers had met the bar for a Ph.D. degree. We voted right after the lecture, and Lars announced it after the public lecture.”

University of chicagoUnited statesVeronica guerrieriDoron ravidLars peter hansenYiran dropboxUniversity of chicago centerFuji bankBooth school of businessFama miller centerDavid rockefeller distinguished service professor in economicsAfter yiran fanChicago centerFlexible informationBanker assetLiability management