Wei Wang, PhD

REFEREED PUBLICATIONS

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1. Bankrupt Innovative Firms, 2021, with Song Ma and Joy Tianjiao Tong, forthcoming, Management Science. Online Appendix HERE

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

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

2. Dissecting Bankruptcy Frictions, 2021, with Winston Dou, Luke Taylor, and Wenyu Wang, forthcoming, Journal of Financial Economics. Online Appendix HERE

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

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

4. 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.

5. 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 Bankrutpcy Institute on this study can be accessed HERE.

6. 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)

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

8. 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

9. 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

10. 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.

11. 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

12. 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.

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

WORKING PAPERS

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• Financial Costs of Judicial Inexperience, 2020, with Ben Iverson, Joshua Madsen, and Qiping Xu, Revise and Resubmit, Journal of Financial and Quantitative Analysis.

  • Presented at AFA, EFA, FIRS, FMA, Notre Dame, Queen's University, University of Minnesota (Carlson School and Law School), Wabash River Conference, and WFA.

  • 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)

• The Real Effects of Implicit Government Guarantee: Evidence from Chinese SOE Defaults, 2020, with Shuang Jin and Zilong Zhang, Reject and Resubmit, Management Science.

  • Presented at Asian Finance Association annual meeting, China Financial Research Conference (CFRC), Summer Institute of Finance (Shanghai). SFS Cavalcade, FMA Asia conference, South Carolina Fixed Income and Financial Institutions conference, JLFA International conference, Shanghai University of Finance and Economics, Tsinghua University, and Queen's University.

• Rent Extraction by Super-priority Lenders, 2020, with Espen Eckbo and Kai Li

  • Presented at AFA, CICF, Dartmouth College, FMA, Marstrand Finance Conference, McGill University, NFA, NHH, NOVA School of Business and Economics, Peking University, Shanghai University of Finance and Economics, South Carolina Fixed Income Financial Institutions conference, UBC Summer Finance Conference, University of Nebraska-Lincoln, SFS Cavalcade, and Western University; accepted for Presentation at FIRS conference (cancelled).

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

• Lawyer Networks and Corporate Bankruptcies, 2020, with Vidhan K. Goyal and Joshua Madsen

  • Presented at Durham University, HKUST, Midwest Finance Association conference, Purdue University, Queen's University; accepted for presentation at FIRS (2021) and CICF (2021) conferences.

  • Featured in the Harvard Law School Bankruptcy Roundtable (January 5, 2020)

• Debt-Equity Simultaneous Holdings and Distress Resolution, 2020, joint with Yongqiang Chu, Ha Diep Nguyen, Jun Wang, and Wenyu Wang

  • Presented at AFA, Austriasia Conference, CICF, FMA, MFA, and SFS Cavalcade .

• Valuation Effects along the Technology Channel: Evidence from Corporate Bankruptcies, 2017, joint with Jiaping Qiu and Jin Wang

  • Presented at FMA European Conference (Venice), and Northern Finance Association Annual Meetings.

• The Disappearing Outperformance of Post-Reorg Equity, 2021, joint with Wei Jiang and Yan Yang, Coming Soon!

• Global Zombies, 2021, joint with Edward Altman and Rui Dai, Coming Soon!