Teaching

From undergraduate classrooms to executive education

Professor Wang has taught and mentored students across the full spectrum of business education, from undergraduate through professional Master’s, MBA, EMBA, PhD, and executive programs. He has received five Professor of the Year Awards, along with recognition for excellent graduate supervision. He has developed eight Harvard Business School case packages and championed experiential and team-based learning. Through case development, scholarly writing, and executive education, he translates academic insights into practice, particularly in corporate restructuring and global financial markets.

Courses

Courses taught

Corporate Mergers and Acquisitions

Master's

Mergers and acquisitions (M&A) are among the most important mechanisms through which firms pursue growth, strategic transformation, and competitive advantage. This master level course provides an integrated examination of the strategic, financial, and organizational aspects of corporate acquisitions and restructuring. Topics include the economic rationale for M&A, target valuation, synergy analysis, deal structuring, financing, negotiation, and post-merger integration, as well as the causes and consequences of corporate financial distress and distressed M&A. Drawing on real-world transactions and cases, the course combines theory and practice to equip participants with the analytical frameworks and practical tools needed to evaluate acquisition, financing, and restructuring decisions in modern financial markets.Read more

Investment Banking

Master of Finance

This Master of Finance course provides students with tools to value companies and understand the work and services provided by the investment banking industry. Using a number of case studies written by the instructor, the course provides detailed coverage on capital raising, M&A, and corporate restructuring. It will also provide students with a specialized vocabulary and important facts about the investment banking industry. The course is delivered as a mixture of lectures, case studies, and guest speakers. The objective of the cases is to use the logic of financial theory to arrive at sensible conclusions when faced with real world problems.Read more

Financial Strategy

MBA

This course offers a comprehensive coverage of the major areas of corporate finance such as capital structure decisions, long-term financing, corporate payout policy, restructuring, and hedging. The first part of the course examines the optimal capital structure. In particular, it examines in depth how corporate taxes and capital market imperfections affect the capital structure decisions. The standard corporate valuation approaches are introduced after students develop a deep understanding of the corporate leverage decisions. Next, the course will make an introduction to long-term capital raising such as IPO, SEO, and debt issuance, corporate payout policy, corporate governance, and financial distress. The last part of the course introduces vanilla derivative securities and how to apply an option pricing framework to value strategic options embedded in investment projects.Read more

Corporate Restructuring and Distressed Investing

The main focus of the course is restructuring financially distressed firms. We begin by reviewing the financial instruments commonly used by risky firms (leveraged loans and high-yield bonds) and learn to interpret the contracts that govern them (credit agreements and bond indentures). We survey a variety of restructuring methods (exchange offers and out-of-court workouts, prepackaged and pre-negotiated bankruptcies, distressed asset sales, and Chapter 11 reorganizations) available to troubled firms, and study the dynamics of the restructuring process through a number of case studies. The course provides students with tools to value distressed companies, understand the legal framework governing bankruptcy and reorganization in the U.S. and other countries, and navigate the key strategic issues facing managers and investors in distressed companies. It will also provide students with a specialized vocabulary and important facts about the restructuring industry, distress investing, and leveraged financial markets.Read more

Leveraged Finance and Debt Restructuring

Executive education

The objective of this short-course is to familiarize executives in the financial and corporate sectors with the financial, legal, and strategic issues associated with the debt restructuring process in the U.S. The focus is on how to restructure financially distressed firms. We begin by reviewing the leveraged financing markets and then survey a variety of restructuring methods (exchange offers and out-of-court workouts, prepackaged bankruptcies, and Chapter 11 reorganizations) available to troubled firms, and study the dynamics of the restructuring process. We discuss a case study to further strengthen the understanding of key issues involved in restructuring. The session will provide students with tools to understand the legal framework governing bankruptcy and reorganization in the U.S., and navigate the key strategic issues facing managers, lenders, and investors in distressed companies around the world.Read more

Fixed Income

MSc / MBA

This course covers valuation techniques of the traditional fixed-income securities. It begins with basic concepts such as price-yield relationship and alternative definitions of yields and introduction to the types of fixed income securities. The next topics are related to spot rates, discount factors, forward rates, par-bond yields, holding period returns, and classical theories of term structure of interest rates, which lay down the foundation for understanding interest rate risk. Yield curve fitting techniques are then explained which are essential for estimating various interest rate curves needed for practical uses. Price sensitivity measures (durations and convexities) and simple portfolio strategies will be elaborated in details. The course then moves on to the topics on corporate bond and credit risk. An introduction to the structural and reduced-form credit risk models is provided. Finally, the course covers corporate restructuring and credit default swaps. Both economic intuition and quantitative skills are emphasized. This course is a required course for the master-of-science (financial analysis and investment management) program and an elective course for MBA students with good quantitative skills, who are strongly interested in fixed-income securities.Read more

Empirical Corporate Finance

PhD

This PhD level course covers major topics in empirical corporate finance. A large part of this course is devoted to examining research questions in capital structure, corporate governance, and corporate restructuring. The focus is on the more recent literature in these broad areas of corporate finance and important empirical methods that are commonly used in corporate finance studies. The goal of the course is to familiarize the students with the most important areas of corporate finance and help students get ready to conduct their own research.Read more

Experience

Where he has taught

Harvard Business School cases

Smith School of Business, Queen’s University

Kingston, Canada

Master of Finance Beijing Program2014–
- Investment Banking
Full-Time MBA Program2007–2011, 2017–2018
- Financial Strategy
PhD/MSc Program2009–2012, 2019–2020
- Corporate Finance: Empirical
- Math Prep Course
Commerce Program2007–2014
- Corporate Finance II

Nanyang Business School, Nanyang Technological University

Singapore

Full-Time MBA and EMBA Programs2025–2026
- Financial Management

The Wharton School, University of Pennsylvania

Philadelphia, USA

Undergraduate, MBA, EMBA, and ExecEd Programs2015–2018
- Corporate Restructuring
- Corporate Restructuring and Distress Investing

HKUST Business School

Hong Kong

Undergraduate, MBA, and Master of Investment Management Programs2015–2016
- Advanced Financial Management (UGD) — Dean’s recognition for teaching excellence
- Fixed Income Analysis (MSc) — Dean’s recognition for teaching excellence
- Advanced Corporate Finance (MBA/MSc) — Dean’s recognition for teaching excellence
- Advanced Topics: Debt Restructuring (MBA/MSc) — Dean’s recognition for teaching excellence

York University

Toronto, Canada

Economics
- Principles of Microeconomics