Wei Wang, PhD

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1. Loans to Chapter 11 Firms: Contract Design and Pricing, 2022, with Espen Eckbo and Kai Li, accepted, The Journal of Law and Economics

   • Featured in Oxford Business Law Blog (November 23, 2021), Harvard Law School Bankruptcy Roundtable (October 1, 2019), and Retail Dive (March 8, 2021)

2. The Changing Face of Chapter 11 Bankruptcy, 2022, with Edith Hotchkiss and Karin Thorburn, Annual Review of Financial Economics, Vol. 15, forthcoming.

3. Default and Bankruptcy Resolution in China, 2022, with Kose John, Edith Hotchkiss, Bo Li, and Jacopo Ponticelli, Annual Review of Financial Economics, Vol. 15, forthcoming.

4. The Disappeared Outperformance of Post-Reorg Equity, 2022, with Wei Jiang and Yan Yang, forthcoming, Journal of Alternative Investments.

   • Featured in the The FinReg Blog by the Global Financial Markets Center at Duke University (September 17, 2021),

5. Financial Costs of Judicial Inexperience: Evidence from Corporate Bankruptcies, 2022, with Ben Iverson, Joshua Madsen, and Qiping Xu, forthcoming, Journal of Financial and Quantitative Analysis.

   • Featured in the Wall Street Journal (September 20, 2019), Harvard Law School Bankruptcy Roundtable (April 10, 2018), and the Oxford Business Law Blog (December 22, 2017)

6. The Real Effects of Implicit Government Guarantee: Evidence from Chinese SOE Defaults, 2022, with Shuang Jin and Zilong Zhang, forthcoming, Management Science.

7. The Costs of Bankruptcy Restructuring, 2022, Oxford Research Encyclopedia of Economics and Finance, August 15, Oxford University Press.

8. Bankrupt Innovative Firms, 2022, with Song Ma and Joy Tianjiao Tong, Management Science, Vol. 68(9), 6971-6992. Online Appendix HERE

   • An executive summary of the paper appears in the American Bankruptcy Institute Journal (Financial Statements), November 2021.

   • Featured in the Harvard Law School Bankruptcy Roundtable (December 19, 2017)

   • Funded by Insight Grant, Social Sciences and Humanities Research Council

9. Dissecting Bankruptcy Frictions, 2021, with Winston Dou, Luke Taylor, and Wenyu Wang, Journal of Financial Economics. Vol. 142, 975-1000. Online Appendix HERE

   • Editor's choice at the JFE, December 2021

   • Winner of 2020 Wharton School Jacobs Levy Outstanding Research Paper Prize

10. SEC Scrutiny Shopping, 2021, with Paul Calluzzo and Serena Wu, Vol. 67, Journal of Corporate Finance.

    • The key location dataset is free to download. Please read the readme file before using it. The two core datasets for downloading are here:

      • Primary data sample with reasons of locations (1996-2012)

      • Extended data sample (1996-2018)

11. Senior Lender Control: Cross-Monitoring or Creditor Conflicts? 2018, with Bo Li and Lynnette Purda, Journal of Law, Finance, and Accounting, Vol. 3, No.2, 373-411.

12. Provision of Management Incentives in Bankrupt Firms, 2017, with Vidhan K. Goyal, Journal of Law, Finance, and Accounting, Vol. 2, No.1, 87-123.

    • Best conference paper award at 2012 NTU International Conference on Finance.

    • Featured in the Wall Street Journal, Law 360, Towers Watson, and Jones Day

    • Podcast with American Bankruptcy Institute on this study can be accessed HERE.

13. Executive Lawyers: Gatekeepers or Strategic Officers?, 2016, with Adair Morse and Serena Wu, Journal of Law and Economics, Vol. 59, 847-888.

    • Best conference paper award at 2015 China International Conference in Finance

    • Featured in the Harvard Law School Forum on Corporate Governance (September 30, 2014)

14. Debtor-in-Possession Financing, Loan-to-Loan and Loan-to-Own, 2016, with Kai Li, Journal of Corporate Finance, Vol. 39, 121-138.

15. How Costly is Corporate Bankruptcy for the CEO? 2016, with B. Espen Eckbo and Karin Thorburn, Journal of Financial Economics,Vol. 121, 210-229.

    • Best conference paper award at EFMA 2012 meeting.

    • Featured in the Harvard Law School Forum on Corporate Governance (January 30, 2013)

    • A two-page executive summary of the paper can be downloaded HERE.

    • Funded by Insight Development Grant, Social Sciences and Humanities Research Council

16. Debt Maturity and Asymmetric Information: Evidence from Default Risk Changes, with Vidhan K. Goyal, 2013, Journal of Financial and Quantitative Analysis,Vol. 48, No.3, 789-817

17. Explaining Debt Recovery Using an Endogeneous Bankruptcy Model, with Wulin Suo and Qi Zhang, 2013, Journal of Fixed Income, Vol. 23, No.2, 114-131.

18. Hedge Funds and Chapter 11, with Wei Jiang and Kai Li, 2012, Journal of Finance, Vol. 67, 513-560. Click HERE for Internet Appendix.

    • Featured in Dow Jones Newswires, The Globe and Mail, Business Week, Le Temps, allaboutalpha.com, Vancouver Sun, straight.com, National Post.

    • A short-version of the paper appears as Hedge Funds Activism in Chapter 11 Firms, 2014, Finance and Accounting Memos, Vol.1,30-37.

    • Reprinted in Institutional Investor Activism, edited by William W. Bratton and Joseph A. McCahery, 2015, Oxford Press

    • Funded by Insight Grant, Social Sciences and Humanities Research Council

19. What’s in a “China” name? A Test of the Investor Attention Hypothesis? with Kee-Hong Bae, 2012, Financial Management, Vol. 42, No.2, 429-455.

    • Featured in The Wall Street Journal, National Post, and South China Morning Post.

20. Recovery and Returns of Distressed Bonds in Bankruptcy, 2011, Journal of Fixed Income, Vol 21, No.1, 21-31.