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Introduction
Before joining Cheung Kong GSB, Prof. Wang was Professor of Carlson School of Management, University of Minnesota. He is also Research Fellow of William Davidson Institute of Transition Economics, University of Michigan, Senior Fellow of National Center of Economic Research, Tsinghua University, and vice president of Chinese Economists' Society in North America.
Research Area
Organization Theory
Labor economics and human resource management
Economics of transition and emerging markets
Chinese economy
Money and public finance
Achievements
International MBA 10th Anniversary Teaching Award, University of Hong Kong, 2008.
"The Nature of the Township and Village Enterprise," (with Chang, Journal of Comparative Economics, 1994), was selected as a "most influential piece ever written on the Chinese economy since reform" to be included in a volume in the Cambridge Series on Trade and Development.
"Human capital investment under Asymmetric Information: The Pigovian Conjecture Revisited" (with Chang, Journal of Labor Economics, 1996), is extensively reviewed by R. Gibbons (MIT) and M. Waldman (Cornell University) in the Handbook of Labor Economics.
Research Fellow, William Davidson Institute at the Business School, University of Michigan.
McKnight Research Grant for most years in the 1990s.
Graduate School Research Grant, University of Minnesota, for various years.
Selected Publications
"Small and Medium-sized Firms Determine a Country's Future" (Economic Observer, October 20, 2007) was selected by journalists organized by Southern Weekend as one of the "Ten Best Commentaries of 2007 in China".
"Uncertainty in Labor Productivity and Specific Human Capital.", with Chongen Bai, Journal of Labor Economics, vol. 21(3), July, pp.651-675, 2003.
"The Ambiguity of Strike Replacement Legislation and Wages: A Sequential Investment-Bargaining Model." With J. Budd, Advances in Industrial and Labor Relations, 1999.
"The Myth of the East Asian Miracle: The Macroeconomic Implications of Soft Budgets." With C. Bai, American Economic Review, May, 1999.
"Bureaucratic Control and Soft Budget Constraint." With C. Bai, Journal of Comparative Economics, 26(1): 41-61, March 1998.
"Towards a Model of China as a Partially Reformed Developing Economy under a de facto Federalist Government." With C. Chang, China Economic Review, Vol. 9, Num. 1, 1998:1-23.
"Some Empirical Implications of a Model of Human Capital Investment under Asymmetric Information." With C. Chang, Research in Labor Economics, 1997, Vol. 16, pp.103-117..
"Enterprise Productivity and Performance: When Is Up Really Down?" With C. Bai and D. Li, Journal of Comparative Economics, 24(1997):265-80.
"Human Capital Investment and Labor Turnover under Asymmetric Information: The Pigovian Conjecture Revisited." With C. Chang, Journal of Labor Economics, 14(1996):505-519.
"A Framework for Understanding Differences in Employment Stability and Human Capital Investment." With C. Chang, Journal of Economic Behavior & Organization, 28(1995):91-105.
"Firm's Information-Sharing Policy and Strike Incidence." Economics Letters, 48(1995):73-76.
"The Nature of the Township and Village Enterprise." With C. Chang, Journal of Comparative Economics, 19(1994):434-452.
"When Privatization Should be Delayed: Organizational and Institutional Legacies of Communism and the Strategy of Transition." With P. Murrell, Journal of Comparative Economics, 17(1993):385-406.
"Eastern Europe and China: Institutional Development as a Resource Allocation Problem." China Economic Review, 4(1993):37-47.
"Optimal Liquidation Rule and Debt in the Principal-Agent Model." With C. Chang, Economics Letters, 40(1992):23-26.
"Economic Reform, Fixed Capital Investment Expansion, and Inflation: A Behavioral Model Based on the Chinese Experience." China Economic Review, 2(1991):3-27.
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