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. He is currently the chairperson of the Finance subdivision in the Finance and Economics Division at Columbia Business School.
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. entry, exit, investment/saving and financing decisions), 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 health 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. He won a Smith-Breeden Distinguished Paper Prize awarded by the Journal of Finance in 2008. He received the Bettis Distinguished Scholar Award from W. P. Carey School of Business, Arizona State University in 2011. He is a Co-Editor of Finance Research Letters and Frontiers of Economics in China. Additionally, he is an Associate Editor of Journal of Mathematical Economics, Macroeconomic Dynamics, and Management Science.
Professor Wang received a B.S. in Physical Chemistry from the Special Program for Gifted Young Students at Nanjing University (China) in 1992, an M.S. in Chemistry from California Institute of Technology (Caltech) in 1995, an M.A. in International Relations and Pacific Studies from University of California, San Diego (UCSD) in 1997, and a PhD in Finance from the Graduate School of Business at Stanford University in 2002.
He currently teaches Real Estate Finance at the MBA level. From 2002 to 2004, he was an assistant professor at the University of Rochesterâ??s Simon School of Business, where he taught Fixed Income Securities & Markets as well as Financial Institutions & Risk Management. In 2006, he was a visiting professor at Northwestern University's Kellogg School of Management.