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Dr. Wei Wang is the Associate Dean, Professional Graduate Programs, Professor of Finance, Distinguished Professor of Finance and the founding director of Queen’s Master of Finance–Beijing program (in collaboration with Renmin University of China) at the Smith School of Business of Queen's University (Canada) .

 

His primary research expertise is in corporate restructuring, bankruptcy, leveraged finance, governance, and financial regulation, with 10 A*/FT50 publications, in addition to securing five SSHRC grants. He has actively published in practitioner journals and presented his scholar work at over 100 conferences and seminars. His research has been frequently featured in media such as the Wall Street Journal and the Globe and Mail.

He has rich experience in teaching the professional graduate programs around the world. Outside Smith, he taught professional masters, MBA, EMBA, and ExecEd programs at a number of renowned business schools such as the Wharton School of the University of Pennsylvania and Hong Kong University of Science and Technology Business School. He has actively developed pedagogical materials, authoring eight Harvard Business School case packages and a book on corporate restructuring published by Wiley. He worked in commodity derivative trading and a fintech startup prior to the academic career.

POLICY WORK

 

  • I served on the Large Corporations Committee of the Bankruptcy & COVID-19 Working Group with a group of distinguished law and finance professors in the U.S.

    • Our first letter to the U.S. Senate and Congress leaders on proposing hiring more bankruptcy judges (HERE)

      • U.S. President Donald Trump signed the Bankruptcy Administration Improvement Act (BAIA),  a bill based on our proposal into law on January 12, 2021.

    • Our second letter to the U.S. Senate and Congress leaders on the analysis of the number of judges needed (HERE)

    • Our third letter to the U.S. Senate and Congress leaders on whether a government funded lending facility is needed to support the financing of bankrupt firms (I performed most of the empirical analysis) (HERE)

  • I am organizing the first China Corporate Restructuring International Forum, which will take place in Beijing 2022.

BOOK

Corporate Financial Distress, Restructuring, and Bankruptcy
 
By Edward Altman, Edie Hotchkiss, and Wei Wang
Wiley, 2019
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Endorsements for the book

 

“They did it again! The masters of distressed corporate debt and restructuring have again set the standard with the 4thedition of their world-leading textbook. This definitive and comprehensive treatment now incorporates the lessons of the Great Financial Crisis and includes an extensive primer on Chapter 11. The authors expanded and updated their in-depth coverage of valuation, default prediction, and recovery. This book is indispensable for MBA students and professional investors focused on private equity and distressed debt."
—Darrell Duffie, Adams Distinguished Professor of Management and Professor of Finance, Graduate School of Business, Stanford University

 

 

“The go-to book for anyone who is interested in the research and practice of distress investing and corporate restructuring. A very constructive approach for bankruptcy.” 

—Wei Jiang, Arthur F. Burns Professor of Free and Competitive Enterprise, Columbia Business School, Columbia University

 

 

“Corporate Financial Distress, Restructuring, and Bankruptcy is a ‘must-have’ guide for experienced professionals and students alike.  The authors provide an accessible yet incredibly comprehensive and insightful discussion (supplemented by effective use of case studies and data) of the critical elements of restructuring and bankruptcy, distressed, high-yield and leveraged finance markets, credit analysis, and default prediction. This text is more important than ever and I highly recommend it to anyone interested in truly understanding these topics.”

—Mark Kronfeld, Managing Director and Global Head of Restructuring, BlackRock

 

 

A comprehensive exploration of corporate restructurings—Altman, Hotchkiss and Wang have thoughtfully mapped out the terrain from which to navigate the often byzantine world of distressed investing. This volume is a must read for anyone trying to make sense of the complicated world of corporate restructurings and an indispensable resource tool for the uninitiated and serious investor alike.”

—David Matlin, Chief Executive Officer and Co-founder, MatlinPatterson Global Advisers LLC.

 

 

“This is a great book for people who want to work in the world of distressed debt and restructuring and for people who work in adjacent fields like private equity that want a practical understanding of distressed debt and restructuring. It should be required reading for any training program.”

—Michael Weinstock, Chief Executive Officer and Co-founder, Monarch Alternative Capital LP.

CHINESE EDITION

The Chinese edition of my joint book with Edward Altman and Edith Hotchkiss has been published by Renmin University Press of China. You can order the edition on most Chinese online platforms such as Taobao, JD, and Dangdang.

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