Professor Neng Wang
Finance and Economics Division
Columbia Business School

Neng Wang is Chong Khoon Lin Professor of Real Estate and Professor of Finance at Columbia Business School, and a Research Associate at the National Bureau of Economic Research (NBER).

His research fields include asset pricing, corporate finance, macroeconomics, and real estate finance. His current research involves dynamic corporate finance (e.g. investment, financing and risk management policies), dynamics of entrepreneurship (e.g. entrepreneurial entry, exit, investment/saving, and financing decisions) and entrepreneurial finance, dynamic investment strategies and valuation of private equity and hedge funds, equilibrium investment, asset pricing and economic growth, investment under dynamic agency, dynamic contracting, investment under uncertainty and real options analysis, the impact of investor protection on asset prices and welfare, household consumption/portfolio decisions, equilibrium wealth distribution, and real estate finance and valuation. His work has been published in the American Economic Review, the Journal of Finance, the Journal of Financial Economics, the Journal of Monetary Economics, and the Review of Financial Studies. Among other awards and honors, he won a Smith-Breeden Distinguished Paper Prize awarded by the Journal of Finance in 2008, the Bettis Distinguished Scholar Award from W. P. Carey School of Business, Arizona State University in 2011. He recently became a recipient of the “Thousand Talents” Program, one of the most prestigious awards granted by the Chinese central government. He is also the Honorary Dean at the School of Finance, Shanghai University of Finance and Economics (SUFE). He is a Co-Editor of Finance Research Letters and Frontiers of Economics in China, as well as an Associate Editor of Journal of Mathematical Economics, Macroeconomic Dynamics, and Management Science.

Before joining Columbia University, he taught Fixed Income Securities and Financial Institutions & Risk Management at the Simon School of Business, University of Rochester from 2002 to 2004. He also held visiting positions at Kellogg School of Management, Northwestern University and Cheung Kong Graduate School of Business (CKGSB). He was a special-term professor at Guanghua School of Management at Peking University, and Shanghai Advanced Institute of Finance (SAIF) at Shanghai Jiaotong University (SJTU).

Born in 1973 in China, he received B.S. in Physical Chemistry from Nanjing University, China in 1992, M.S. in Chemistry from California Institute of Technology (Caltech) in 1995, M.A. in International Relations and Pacific Studies from University of California, San Diego (UCSD) in 1997, and PhD in Finance from the Graduate School of Business atStanford University in 2002.

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