Wei Jiang

Arthur F. Burns Professor of Free and Competitive Enterprise; Chair, Finance Subdivision

Finance and Economics

Director

Jerome A. Chazen Institute of International Business

BA, Fudan University, 1989; MA, University of Chicago, 1997; PhD, 2001

Joined CBS in 2001

Download Curriculum Vitae (PDF)

Wei Jiang

Office
803 Uris

Phone
212-854-9002

E-mail
wj2006@columbia.edu

Fax
212-662-8474

Teaching and research interest

Wei Jiang is Arthur F. Burns Professor of Free and Competitive Enterprise in the Finance and Economics Division, and the Director of Chazen Institute of International Business at Columbia Business School. Jiang received her B.A. and M.A. in international economics from Fudan University (China), and Ph.D. in economics from the University of Chicago in 2001 after which she joined Columbia Business School. She has since taught in the Master, MBA or EMBA programs at Chicago, Columbia, Wharton, and Berkeley. She was an investment banking associate at Prudential Securities (Shanghai) before pursuing her Ph.D. degree.

Professor Jiang's main research interest lies in the strategies of institutional investors (such as hedge funds and mutual funds) and their role in corporate decisions and financial markets. Her research has been published in top academic journals as well as featured in major media, including the Wall Street Journal, Economist, Institutional Investors, Money, Fortune, Business Week, New York Times and Financial Times. She received the Smith-Breeden Distinguished Paper Prize from the Journal of Finance, multiple best paper prizes from the Western Finance Association, Chicago Quantitative Alliance, UK Inquire, the Q-Group, and the Wharton School Terker Family Prize in Investment Research. She is currently an associate editor at the Journal of Finance and Review of Financial Studies, and a Senior Fellow at the Program on Corporate Governance - Harvard Law School.

Professor Jiang has taught various courses in corporate finance and is a five-time recipient of teaching excellence awards at Columbia Business School since 2005. Most recently she was voted by the Class of 2013 MBA students to receive the Singhvi Prize for Scholarship, awarded to a full-time faculty member for his/her dedication to teaching and the ability to communicate knowledge.

Chapters

Hedge Fund Activism In Research Handbook on Hedge Funds, Private Equity and Alternative Investments (2012)
Author(s): Alon Brav, Wei Jiang, Hyunseob Lim

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Journal articles

Liar's Loan? Effects of Origination Channel and Information Falsification on Mortgage Delinquency In The Review of Economics and Statistics (2014)
Author(s): Wei Jiang, Ashlyn Aiko Nelson, Edward Vytlacil

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Inferring Reporting-Related Biases in Hedge Fund Databases from Hedge Fund Equity Holdings In Management Science (2013)
Author(s): Vikas Agarwal, Vyacheslav Fos, Wei Jiang

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Uncovering Hedge Fund Skill from the Portfolio Holdings They Hide In The Journal of Finance (2013)
Author(s): Vikas Agarwal, Wei Jiang, Yuehua Tang, Baozhong Yang

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Pre-Disclosure Accumulations by Activist Investors: Evidence and Policy In The Journal of Corporation Law (2013)
Author(s): Lucian Bebchuk, Alon Brav, Robert Jackson, Jr., Wei Jiang

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Hedge Funds and Chapter 11 In The Journal of Finance (2012)
Author(s): Wei Jiang, Kai Li, Wei Wang

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The Real Effects of Financial Markets: The Impact of Prices on Takeovers In Journal of Finance (2012)
Author(s): Alex Edmans, Itay Goldstein, Wei Jiang

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Activist arbitrage: A study of open-ending attempts of closed-end funds In Journal of Financial Economics (2010)
Author(s): Michael Bradley, Alon Brav, Itay Goldstein, Wei Jiang

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Hedge Fund Activism: A Review In Foundations and Trends in Finance (2010)
Author(s): Alon Brav, Wei Jiang, Hyunseob Kim

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Payoff Complementarities and Financial Fragility: Evidence from Mutual Fund Outflows In Journal of Financial Economics (2010)
Author(s): Qi Chen, Itay Goldstein, Wei Jiang

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When Shareholders Are Creditors: Effects of the Simultaneous Holding of Equity and Debt by Non-commercial Banking Institutions In The Review of Financial Studies (2010)
Author(s): Wei Jiang, Kai Li, Pei Shao

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Directors' Ownership in the U.S. Mutual Fund Industry In Journal of Finance (2008)
Author(s): Qi Chen, Itay Goldstein, Wei Jiang

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Hedge Fund Activism, Corporate Governance, and Firm Performance In Journal of Finance (2008)
Author(s): Alon Brav, Wei Jiang, Frank Partnoy, Randall Thomas

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The Returns to Hedge Fund Activism In Financial Analyst Journal (2008)
Author(s): Alon Brav, Wei Jiang, Frank Partnoy, Randall Thomas

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Price Informativeness and Investment Sensitivity to Stock Price In Review of Financial Studies (2007)
Author(s): Qi Chen, Itay Goldstein, Wei Jiang

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Defined Contribution Pension Plans: Determinants of Participation and Contribution Rates In Journal of Financial Services Research (2007)
Author(s): Gur Huberman, Sheena Iyengar, Wei Jiang

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Offering Versus Choice by 401(k) Plan Participants: Equity Exposure and Number of Funds In Journal of Finance (2006)
Author(s): Wei Jiang, Gur Huberman

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A nonparametric approach to measuring and testing curvature In Journal of Business and Economic Statistics (2005)
Author(s): Jason Abrevaya, Wei Jiang

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Analysts' Weighting of Private and Public Information In Review of Financial Studies (2005)
Author(s): Wei Jiang, Qi Chen

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Investor Learning About Analysts Ability In Journal of Accounting and Economics (2005)
Author(s): Wei Jiang, Qi Chen, Jennifer Francis

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Positive hurdle rates without asymmetric information In Finance Research Letters (2004)
Author(s): Qi Chen, Wei Jiang

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CaseWorks

Microsoft’s Attempt to Acquire Yahoo: A Case in Letters: Winter 2012
Author(s): Wei Jiang

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Working Papers

The Real Effects of Hedge Fund Activism: Productivity, Asset Allocation, and Industry Concentration (2013)
Author(s): Alon Brav, Wei Jiang, Hyunseob Kim

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Feedback Effects and the Limits to Arbitrage (2012)
Author(s): Alex Edmans, Itay Goldstein, Wei Jiang

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Securitization and Loan Performance: A Contrast of Ex Ante and Ex Post Relations in the Mortgage Market Working Paper (2010)
Author(s): Wei Jiang, Ashlyn Aiko Nelson, Edward Vytlacil

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