Jiang Wang

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Jiang Wang

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Jiang Wang is the Mizuho Financial Group Professor and a Professor of Finance at the MIT Sloan School of Management.

Wang’s research focuses on the pricing of financial assets and investment and risk management. He is currently working on the characterization of financial risks, the impact of liquidity on asset prices, optimal trading execution, and optimal portfolio choices. He also is doing research on financial development in China.

Wang holds a BS in physics from Nanjing University, a PhD in theoretical physics from the University of Pennsylvania, and a PhD in finance from the Wharton School, University of Pennsylvania.

Current Research Focus: Wang’s current research focuses on market frictions, market liquidity and their impact on trading strategies, asset pricing, risk management, and market stability.  Recently, he also conducted research on the Chinese capital market and its development.  Current projects include high frequency trading and market efficiency, optimal intervention policy during liquidity crisis, optimal portfolio execution, systemic risk and market liquidity, and Chinese Capital Market Yearbook and database.

Publications

"A Model of Competitive Stock Trading Volume."

Wang, Jiang. Journal of Political Economy Vol. 102, No. 1 (1994): 127-167.

"A Model of Intertemporal Asset Prices Under Asymmetric Information."

Wang, Jiang. Review of Economic Studies Vol. 60, No. 2 (1993): 249-282.

"A Model of Trading Volume with Tax-Induced Heterogeneous Valuation and Transaction Costs."

Michaely, Roni, Jean-Luc Vila and Jiang Wang. Journal of Financial Intermediation Vol. 5, No. 4 (1996): 340-371.

"Asset Prices and Trading Volume Under Fixed Transaction Costs."

Lo, Andrew W., Harry Mamaysky and Jiang Wang. Journal of Political Economy Vol. 112, No. 5 (2004): 1054-1090.

"Asset Pricing and the Credit Market."

Longstaff Francis A. and Jiang Wang. Review of Financial Studies Vol. 25, No. 11 (2012): 3169-3215.

"Chinese Capital Market: An Empirical Overview."

Hu, Grace Xing, Jun Pan, and Jiang Wang. Critical Finance Review. Forthcoming. Download Paper.

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