Dr. Jiang Wang is a visiting Professor of Finance at Cheung Kong GSB. He earned his Ph.D. in Physics in 1985 and in Finance in 1990 from the University of Pennsylvania. Dr. Wang is the Mizuho Financial Group Professor at the MIT Sloan School of Management.

His research interests cover asset pricing, investment and risk management, and international finance.

His publications have been widely cited by leading media including SSCI and the Financial Times. He has received numerous awards for  research excellence including the prestigious Smith-Breeden  Prize, Leo Melamed Prize and the Battermarch Fellowship. In 2007, he was  elected as a Director of the American Financial Association.

"Liquidity and Market Crashes”, with J. Huang, Review of Financial Studies, forthcoming.

"Firms as Buyers of Last Resort: Financing Constraints, Stock Returns and Liquidity”, with H.Hong and J.L. Yu, Journal of Financial Economics, 2007.

 

"Trading Volume: Implications of An Intertemporal Asset Pricing Model” with Andrew Lo, Journal of Finance, 2005.

"Evaluating Portfolio Policies: A Duality Approach” with Martin Haugh and Leonid Kogan, Operations Research, forthcoming, 2005.

"The Price Impact and Survival of Irrational Traders”, with L. Kogan, S. Ross and M. Westerfield, Journal of Finance, 2005. (Received the FAME Research Prize for 2004)

"Asset Prices and Trading Volume Under Fixed Transactions Costs" with A. Lo and H. Mamaysky, Journal of Political Economy 112 (No. 5), 1054-1090, 2004.

"Dynamic Volume-Return Relations of Individual Stocks" with G. Llorente, R. Michaely, G. Saar, Review of Financial Studies, 15, 1005-1047, 2002.

"Trading Volume and Asset Prices", Annals of Economics and Finance 3, 299-350, 2002.

"Foundations of Technical Analysis: Computational Algorithms, Statistical Inference,and Empirical Implementation" with A. Lo and H. Mamaysky, Journal of Finance, 55, 1705-1770, 2000.

"Foundations of Technical Analysis: Computational Algorithms, Statistical Inference, and Empirical Implementation", with A.W. Lo and H. Mamaysky, Journal of Finance, 55, 1705-1770, 2000.

"Trading and Returns Under Periodic Market Closures" with H. Hong, Journal ofFinance, 55, 297-354, 2000.

"Trading Volume: Definitions, Data Analysis, and Implications of Portfolio Theory" with A. Lo, Review of Financial Studies, 13, 257-300, 2000.

"The Term Structure of Interest Rates In A Pure Exchange Economy With Heterogeneous Investors,"Journal of Financial Economics, 41, 75-110, 1996.

"Differential Information and Dynamic Behavior of Stock Trading Volume" (with H. He), Review of Financial Studies, 8, 919-972, 1995.

 "Implementing Option Pricing Formulas When Asset Returns Are Predictable" with A. Lo, Journal of Finance, 50, 87-130, 1995.

 "A Model of Competitive Stock Trading Volume", Journal of Political Economy, 102, 127-167, 1994.

"Trading Volume and Serial Correlation in Stock Returns" with J. Campbell and S. Grossman,Quarterly Journal of Economics,108, 905-940, 1993.

"A Model of Intertemporal Asset Prices Under Asymmetric Information", Review ofEconomic Studies, 60, 249-282, 1993.