中文版
Jiang Wang
Mizuho Financial Group Professor,
Massachusetts Institute of Technology

wangj@mit.edu

Support Staff: Yinli Xu ylxu@saif.sjtu.edu.cn

  • PROFILE
  • RESEARCH
  • TEACHING
Ph.D. in Physics (1985), Ph.D. in Finance (1990), University of Pennsylvania
 
Jiang Wang is the Mizuho Financial Group Professor at the Sloan School of Management, MIT, and a Research Associate of the National Bureau of Economic Research. 
 
His research is mainly in the area of asset pricing, investment and risk management, market microstructure, international finance, financial innovation and financial engineering.  He has published extensively in leading academic journals.  His current research focuses on asset pricing and management, risk management, market liquidity and stability, optimal trading strategies, international finance, and Chinese capital markets. 
 
He is the recipient of the Smith Breeden Prize in 2006, the FAME Research Prize in 2004, the Leo Melamed Prize in 1997, and the Batterymarch Fellowship in 1995, among other scholarly awards.  He has served on the editorial boards of the Journal of Financial Markets, Operations Research, Quantitative Finance, Review of the Financial Studies and other professional journals. 
 
He has served as a member of the Financial Advisory Roundtable of the Federal Reserve Bank of New York, the International Advisory Council of China Securities Regulatory Commission, the Economic Advisory Board of Nasdaq Stock Market, Inc., the Academic Advisory Board of FTSE and the Academic Advisory Board of Moody’s.  He has also served as a director of the American Finance Association and the Western Finance Association, and the Director of China Finance Research Center at Tsinghua University.  He is now the President-Elect of the Western Finance Association and the Chair of Academic Advisory Council of Shanghai Advanced Institute of Finance at Shanghai Jiao Tong University.

Research Interests
Asset pricing, Asset/Liability Management, Risk Management, International Capital Markets, Market Microstructure, and Nancial Innovations.

Journal Publications & Working Papers
1. Hu, Xing Grace, Jun Pan, and Jiang Wang, 2013, Noise as Information for Illiquidity, Journal of Finance.
2. Obizhaeva, Anna A., and Jiang Wang, 2013, Optimal Trading Strategy and Supply/Demand Dynamics, Journal of Financial Markets.
3. Longsta, Francis A., and Jiang Wang, 2012, Asset Pricing and the Credit Market, Review of Financial Studies.
4. Vayanos, Dimitri, and Jiang Wang, 2012, Liquidity and Asset Returns under Asymmetric Information and Imperfect Competition, Review of Financial Studies.
5. Bao Jack, Jun Pan, and Jiang Wang, 2011, The Illiquidity of Corporate Bonds, Journal of Finance.
6. Huang, Jennifer, and Jiang Wang, 2010, Market Liquidity, Asset Prices and Welfare, Journal of Financial Economics.
7. Huang, Jennifer, and Jiang Wang, 2009, Liquidity and Market Crashes, Review of Financial Studies.
8. Lo Andrew W., and Jiang Wang, 2009, Stock Market Trading Volume, Applied Financial Economics.
9. Wang, Jiang, 2008, Firms as Buyers of Last Resort: Financing Constraints, Stock Returns and Liquidity, Journal of Financial Economics.
10. Wang, Jiang, 2006, Trading Volume: Implications of An Intertemporal Asset Pricing Model, Journal of Finance.
11. Wang, Jiang, 2006, Evaluating Portfolio Policies: A Duality Approach, Operations Research.
12. Wang, Jiang, 2006, The Price Impact and Survival of Irrational Traders, Journal of Finance.
13. Wang, Jiang, 2004, Asset Prices and Trading Volume Under Fixed Transactions Costs, Journal of Political Economy.
14. Wang, Jiang, 2003, Trading Volume, Advances in Financial Economics.
15. Wang, Jiang, 2002, Dynamic Volume-Return Relations of Individual Stocks, Review of Financial Studies.
16. Wang, Jiang, 2000, Foundations of Technical Analysis: Computational Algorithms, Statistical Inference, and Empirical Implementation, Journal of Finance.
17. Wang, Jiang, 2000, Trading and Returns Under Periodic Market Closures, Journal of Finance.
18. Wang, Jiang, 2000, Trading Volume: De nitions, Data Analysis, and Implications of Portfolio Theory, Review of Financial Studies.
19. Wang, Jiang, 1997, Market Structure, Security Prices and Informational Eciency, Macroeconomic Dynamics.
20. Wang, Jiang, 1996, A Model of Trading Volume with Tax-Induced Heterogeneous Valuation and Transaction Costs, Journal of Financial Intermediation.
21. Wang, Jiang, 1996, The Term Structure of Interest Rates In A Pure Exchange Economy With Heterogeneous Investors, Journal of Financial Economics.
22. Wang, Jiang, 1995, Differential Information and Dynamic Behavior of Stock Trading Volume, Review of Financial Studies.
23. Wang, Jiang, 1995, Implementing Option Pricing Formulas When Asset Returns Are Predictable, Journal of Finance .
24. Wang, Jiang, 1994, A Model of Competitive Stock Trading Volume, Journal of Political Economy.
25. Campbell, J., S.Grossman, and Jiang Wang, 1993, Trading Volume and Serial Correlation in Stock Returns, Quarterly Journal of Economics.
26. Nill, and Jiang Wang, 1993, A Model of Intertemporal Asset Prices Under Asymmetric Information, Review of Economic Studies.

Teaching Interests
No current data at this time.

Current Courses
No current courses at this time.

Faculty & Research
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