Wei Jiang

Columbia Business School - Finance and Economics

3022 Broadway

New York, NY 10027

United States

SCHOLARLY PAPERS

36

DOWNLOADS
Rank 398

SSRN RANKINGS

Top 398

in Total Papers Downloads

35,662

CITATIONS
Rank 722

SSRN RANKINGS

Top 722

in Total Papers Citations

706

Scholarly Papers (36)

1.
Downloads 8,643 ( 394)
Citation 1

The Long-Term Effects of Hedge Fund Activism

Harvard Law School John M. Olin Center Discussion Paper No. 802, Columbia Law Review, Vol. 115, 2015, pp. 1085-1156, Columbia Business School Research Paper No. 13-66
Number of pages: 77 Posted: 07 Aug 2013 Last Revised: 02 Jul 2015
Lucian A. Bebchuk, Alon Brav and Wei Jiang
Harvard Law School, Duke University - Fuqua School of Business and Columbia Business School - Finance and Economics
Downloads 8,624 (393)
Citation 1

Abstract:

Corporate governance, short-termism, managerial myopia, long-term value, investor horizons, market efficiency, shareholder activism, hedge fund activism, shareholder rights, takeovers, proxy fights, takeover defenses, hedge funds

The Long-Term Effects of Hedge Fund Activism

NBER Working Paper No. w21227
Number of pages: 85 Posted: 08 Jun 2015
Lucian A. Bebchuk, Alon Brav and Wei Jiang
Harvard Law School, Duke University - Fuqua School of Business and Columbia Business School - Finance and Economics
Downloads 19 (446,292)
Citation 1

Abstract:

2.

Hedge Fund Activism, Corporate Governance, and Firm Performance

Journal of Finance, Vol. 63, p. 1729, 2008, ECGI - Finance Working Paper No. 139/2006, Vanderbilt Law and Economics Research Paper No. 07-28, FDIC Center for Financial Research Working Paper No. 2008-06
Number of pages: 56 Posted: 05 Apr 2007
Duke University - Fuqua School of Business, Columbia Business School - Finance and Economics, Vanderbilt University - Law School and University of San Diego School of Law
Downloads 6,164 (721)
Citation 136

Abstract:

Hedge Fund, Activism, Governance

3.
Downloads 2,072 ( 4,909)
Citation 32

The Returns to Hedge Fund Activism

ECGI - Law Working Paper No. 098/2008
Number of pages: 35 Posted: 24 Mar 2008
Duke University - Fuqua School of Business, Columbia Business School - Finance and Economics, University of San Diego School of Law and Vanderbilt University - Law School
Downloads 2,072 (4,806)
Citation 32

Abstract:

Hedge Fund, Activism, Governance

The Returns to Hedge Fund Activism

Financial Analysts Journal, Vol. 64, No. 6, 2008, San Diego Legal Studies Paper No. 09-002
Posted: 17 Dec 2008
Duke University - Fuqua School of Business, Columbia Business School - Finance and Economics, University of San Diego School of Law and Vanderbilt University - Law School

Abstract:

Alternative Investments - Hedge Fund Strategies, Portfolio Management - Hedge Fund Strategies, Corporate Governance

4.

The Real Effects of Financial Markets: The Impact of Prices on Takeovers

Journal of Finance 67(3), 933-971, June 2012
Number of pages: 58 Posted: 19 Mar 2008 Last Revised: 04 Jun 2014
Alex Edmans, Itay Goldstein and Wei Jiang
London Business School - Institute of Finance and Accounting, University of Pennsylvania - The Wharton School - Finance Department and Columbia Business School - Finance and Economics
Downloads 1,815 (6,148)
Citation 44

Abstract:

Takeovers, mergers and acquisitions, market valuation, feedback effects, financial and real efficiency, merger waves

5.
Downloads 1,604 ( 7,678)
Citation 30

Hedge Fund Activism: A Review

Foundations and Trends in Finance, Vol. 4, No. 3, 2009
Number of pages: 64 Posted: 12 Feb 2010 Last Revised: 25 Jul 2011
Alon Brav, Wei Jiang and Hyunseob Kim
Duke University - Fuqua School of Business, Columbia Business School - Finance and Economics and Cornell University - Samuel Curtis Johnson Graduate School of Management
Downloads 1,330 (10,189)
Citation 30

Abstract:

Hedge Fund, Shareholder Activism, Corporate Governance

Hedge Fund Activism: A Review

Foundations and Trends in Finance, Vol. 4, No. 3, pp. 1-66, February 2010
Number of pages: 64 Posted: 22 Oct 2011
Wei Jiang, Hyunseob Kim and Alon Brav
Columbia Business School - Finance and Economics, Cornell University - Samuel Curtis Johnson Graduate School of Management and Duke University - Fuqua School of Business
Downloads 268 (88,882)
Citation 30

Abstract:

Hedge Fund Activism: A Review

Foundations and Trends in Finance, Vol. 4, No. 3, pp. 185-246, 2009
Number of pages: 64 Posted: 25 Jun 2010
Alon Brav, Wei Jiang and Hyunseob Kim
Duke University - Fuqua School of Business, Columbia Business School - Finance and Economics and Cornell University - Samuel Curtis Johnson Graduate School of Management
Downloads 6 (518,859)
Citation 30

Abstract:

6.

Uncovering Hedge Fund Skill from the Portfolio Holdings They Hide

Journal of Finance, Forthcoming
Number of pages: 78 Posted: 21 Mar 2011 Last Revised: 14 Nov 2013
Georgia State University, Columbia Business School - Finance and Economics, University of Florida - Department of Finance and Georgia State University - Robinson College of Business
Downloads 1,397 (8,535)
Citation 18

Abstract:

Confidential treatment, ownership disclosure, 13F holdings, hedge funds

How Does Hedge Fund Activism Reshape Corporate Innovation?

Number of pages: 69 Posted: 17 Mar 2014 Last Revised: 17 May 2016
Alon Brav, Wei Jiang, Song Ma and Xuan Tian
Duke University - Fuqua School of Business, Columbia Business School - Finance and Economics, Yale School of Management and Tsinghua University - PBC School of Finance
Downloads 1,377 (9,620)

Abstract:

Hedge fund activism, Innovation, Resource allocation, Human capital redeployment

How Does Hedge Fund Activism Reshape Corporate Innovation?

NBER Working Paper No. w22273
Number of pages: 70 Posted: 24 May 2016
Alon Brav, Wei Jiang, Song Ma and Xuan Tian
Duke University - Fuqua School of Business, Columbia Business School - Finance and Economics, Yale School of Management and Tsinghua University - PBC School of Finance
Downloads 12 (486,101)

Abstract:

8.

Price Informativeness and Investment Sensitivity to Stock Price

14th Annual Conference on Financial Economics and Accounting (FEA); 6th Annual Texas Finance Festival
Number of pages: 46 Posted: 03 Mar 2005
Qi Chen, Itay Goldstein and Wei Jiang
Duke University - Fuqua School of Business, University of Pennsylvania - The Wharton School - Finance Department and Columbia Business School - Finance and Economics
Downloads 988 (15,477)
Citation 120

Abstract:

investments and stock prices, price informativeness, firm-specific return variation, PIN

9.

Hedge Funds and Chapter 11

Journal of Finance, Forthcoming
Number of pages: 58 Posted: 29 Oct 2009 Last Revised: 20 Oct 2011
Wei Jiang, Kai Li and Wei Wang
Columbia Business School - Finance and Economics, University of British Columbia (UBC) - Sauder School of Business and Queen's School of Business
Downloads 872 (17,322)
Citation 16

Abstract:

Hedge funds, Chapter 11, Loan-to-own, APR deviation, Creditor rights

Feedback Effects, Asymmetric Trading, and the Limits to Arbitrage

American Economic Review, Forthcoming, AFA 2013 San Diego Meetings Paper, ECGI - Finance Working Paper No. 318/2011
Number of pages: 61 Posted: 21 Mar 2011 Last Revised: 02 May 2015
Alex Edmans, Itay Goldstein and Wei Jiang
London Business School - Institute of Finance and Accounting, University of Pennsylvania - The Wharton School - Finance Department and Columbia Business School - Finance and Economics
Downloads 716 (26,117)
Citation 6

Abstract:

Limits to arbitrage, feedback effect, overinvestment

Feedback Effects and the Limits to Arbitrage

NBER Working Paper No. w17582
Number of pages: 52 Posted: 15 Nov 2011
Alex Edmans, Itay Goldstein and Wei Jiang
London Business School - Institute of Finance and Accounting, University of Pennsylvania - The Wharton School - Finance Department and Columbia Business School - Finance and Economics
Downloads 21 (434,892)
Citation 6

Abstract:

Feedback Effects and the Limits to Arbitrage

CEPR Discussion Paper No. DP9917
Number of pages: 44 Posted: 02 Jun 2014
Alex Edmans, Itay Goldstein and Wei Jiang
London Business School - Institute of Finance and Accounting, University of Pennsylvania - The Wharton School - Finance Department and Columbia Business School - Finance and Economics
Downloads 1 (550,061)
Citation 6

Abstract:

feedback effect, Limits to arbitrage, overinvestment

The Real Effects of Hedge Fund Activism: Productivity, Asset Allocation, and Labor Outcomes

Number of pages: 56 Posted: 15 Mar 2012 Last Revised: 21 Jan 2015
Alon Brav, Wei Jiang and Hyunseob Kim
Duke University - Fuqua School of Business, Columbia Business School - Finance and Economics and Cornell University - Samuel Curtis Johnson Graduate School of Management
Downloads 542 (38,117)
Citation 1

Abstract:

Hedge fund activism, Governance, Productivity, Capital Reallocation, Labor Outcomes

The Real Effects of Hedge Fund Activism: Productivity, Risk, and Product Market Competition

US Census Bureau Center for Economic Studies Paper No. CES-WP-12-14, Johnson School Research Paper Series No. 33-2012
Number of pages: 53 Posted: 10 Oct 2012 Last Revised: 18 Jan 2013
Alon Brav, Wei Jiang and Hyunseob Kim
Duke University - Fuqua School of Business, Columbia Business School - Finance and Economics and Cornell University - Samuel Curtis Johnson Graduate School of Management
Downloads 150 (155,903)
Citation 3

Abstract:

Hedge funds, Governance, Productivity

The Real Effects of Hedge Fund Activism: Productivity, Asset Allocation, and Labor Outcomes

NBER Working Paper No. w17517
Number of pages: 57 Posted: 15 Oct 2011
Alon Brav, Wei Jiang and Hyunseob Kim
Duke University - Fuqua School of Business, Columbia Business School - Finance and Economics and Cornell University - Samuel Curtis Johnson Graduate School of Management
Downloads 38 (356,885)
Citation 3

Abstract:

12.

Pre-Disclosure Accumulations by Activist Investors: Evidence and Policy

Journal of Corporation Law, Vol. 39, No. 1, pp. 1-34, Fall 2013, Columbia Business School Research Paper No. 13-33
Number of pages: 36 Posted: 30 Apr 2013 Last Revised: 03 Jun 2015
Harvard Law School, Duke University - Fuqua School of Business, Columbia Law School and Columbia Business School - Finance and Economics
Downloads 675 (18,982)

Abstract:

Corporate governance, disclosure, Williams Act, takeovers, proxy fights, takeover defenses, poison pills, control contests, shareholder activism, activist investors, hedge funds, blockholders

13.

Costly Communication, Shareholder Activism, and Limits to Arbitrage

AFA 2007 Chicago Meetings Paper
Number of pages: 51 Posted: 07 Nov 2005
Duke University - Fuqua School of Business, Duke University - Fuqua School of Business, University of Pennsylvania - The Wharton School - Finance Department and Columbia Business School - Finance and Economics
Downloads 597 (32,360)
Citation 11

Abstract:

Limits to Arbitrage, Communication, Shareholder Activism, Closed-End Funds

14.

Liar’s Loan? Effects of Origination Channel and Information Falsification on Mortgage Delinquency

Indiana University-Bloomington: School of Public & Environmental Affairs Research Paper No. 2009-06-02
Number of pages: 54 Posted: 18 Jun 2009 Last Revised: 25 Oct 2011
Columbia Business School - Finance and Economics, Indiana University Bloomington - School of Public & Environmental Affairs (SPEA) and Yale University - Department of Economics
Downloads 560 (37,027)
Citation 35

Abstract:

Liar's loan, mortgage delinquency, information falsification

15.

Inferring Reporting-Related Biases in Hedge Fund Databases from Hedge Fund Equity Holdings

Management Science, Forthcoming
Number of pages: 33 Posted: 18 Jan 2010 Last Revised: 13 Jul 2014
Vikas Agarwal, Vyacheslav Fos and Wei Jiang
Georgia State University, Boston College - Department of Finance and Columbia Business School - Finance and Economics
Downloads 540 (38,864)
Citation 17

Abstract:

hedge funds, mandatory and voluntary disclosure, selection and reporting biases

Securitization and Loan Performance: A Contrast of Ex Ante and Ex Post Relations in the Mortgage Market

Number of pages: 57 Posted: 17 Mar 2010 Last Revised: 25 Jul 2011
Columbia Business School - Finance and Economics, Indiana University Bloomington - School of Public & Environmental Affairs (SPEA) and Yale University - Department of Economics
Downloads 301 (77,992)
Citation 8

Abstract:

securitization, loan performance, mortage market

Securitization and Loan Performance: A Contrast of Ex Ante and Ex Post Relations in the Mortgage Market

Indiana University-Bloomington School of Public & Environmental Affairs Research Paper No. 2011-03-05, AFA 2012 Chicago Meetings Paper, Columbia Business School Research Paper No. 12-1
Number of pages: 49 Posted: 21 Mar 2011 Last Revised: 07 Feb 2012
Columbia Business School - Finance and Economics, Indiana University Bloomington - School of Public & Environmental Affairs (SPEA) and Yale University - Department of Economics
Downloads 158 (149,003)
Citation 8

Abstract:

securitization, loan performance, mortage market

17.

When Shareholders are Creditors: Effects of the Simultaneous Holding of Equity and Debt by Institutional Investors

EFA 2009 Bergen Meetings Paper
Number of pages: 53 Posted: 14 Jul 2008 Last Revised: 25 Jul 2011
Wei Jiang, Kai Li and Pei Shao
Columbia Business School - Finance and Economics, University of British Columbia (UBC) - Sauder School of Business and affiliation not provided to SSRN
Downloads 432 (46,346)
Citation 13

Abstract:

shareholder-debtholder conflicts, dual-holding, institutional investors, syndicated loans

18.

A Nonparametric Test of Market (Mis-) Timing

AFA 2002 Atlanta Meetings
Number of pages: 52 Posted: 13 Oct 2001
Wei Jiang
Columbia Business School - Finance and Economics
Downloads 430 (50,617)
Citation 21

Abstract:

Market timing, Nonparametric test, U-statistics

19.
Downloads 392 ( 57,890)
Citation 45

Analysts' Weighting of Private and Public Information

Number of pages: 49 Posted: 20 Jul 2003
Qi Chen and Wei Jiang
Duke University - Fuqua School of Business and Columbia Business School - Finance and Economics
Downloads 392 (57,340)
Citation 45

Abstract:

analyst forecast, efficient weighting, over- and under-weighting, overconfidence, optimistic bias

Analysts' Weighting of Private and Public Information

Review of Financial Studies, Vol. 19, No. 1, pp. 319-355, 2006
Posted: 29 Feb 2008
Qi Chen and Wei Jiang
Duke University - Fuqua School of Business and Columbia Business School - Finance and Economics

Abstract:

fetus, heart rate, prenatal environment, prenatal drug exposure, cigarette smoking

Analysts' Weighting of Private and Public Information

Review of Financial Studies, Forthcoming
Posted: 14 Apr 2005
Qi Chen and Wei Jiang
Duke University - Fuqua School of Business and Columbia Business School - Finance and Economics

Abstract:

analyst forecast, efficient weighting, over- and under-weighting, optimistic weighting

20.

Defined Contribution Pension Plans: Determinants of Participation and Contributions Rates

Number of pages: 35 Posted: 02 Sep 2003
Columbia Business School - Finance and Economics, Columbia Business School - Management Division and Columbia Business School - Finance and Economics
Downloads 371 (59,487)
Citation 26

Abstract:

Retirement Saving, Defined Contribution Plans

21.

Investor Learning About Analyst Predictive Ability

Number of pages: 38 Posted: 07 Mar 2003
Qi Chen, Jennifer Francis and Wei Jiang
Duke University - Fuqua School of Business, Duke University and Columbia Business School - Finance and Economics
Downloads 362 (62,184)
Citation 19

Abstract:

Analyst, Bayesian Learning

22.

The 1/N Heuristic in 401(k) Plans

EFA 2004 Maastricht Meetings Paper No. 2036
Number of pages: 46 Posted: 11 Jun 2004
Gur Huberman and Wei Jiang
Columbia Business School - Finance and Economics and Columbia Business School - Finance and Economics
Downloads 328 (62,779)
Citation 5

Abstract:

23.

The Effects of True and Perceived Ability on Analysts' Forecasting Behavior

Number of pages: 35 Posted: 17 Oct 2001
Qi Chen and Wei Jiang
Duke University - Fuqua School of Business and Columbia Business School - Finance and Economics
Downloads 322 (71,125)
Citation 1

Abstract:

analysts' forecasting behavior, threshold reporting strategy, Bayesian Nash equilibrium

Mutual Fund Holdings of Credit Default Swaps: Liquidity, Yield, and Risk Taking

Columbia Business School Research Paper No. 15-9
Number of pages: 68 Posted: 16 Jan 2015 Last Revised: 07 Sep 2016
Wei Jiang and Zhongyan Zhu
Columbia Business School - Finance and Economics and Monash University
Downloads 235 (102,128)

Abstract:

CDS, Mutual Funds, liquidity, systemic risk

Mutual Fund Holdings of Credit Default Swaps: Liquidity Management and Risk Taking

Melbourne Business School, 2016 Financial Institutions, Regulation & Corporate Governance (FIRCG) Conference, Columbia Business School Research Paper No. 16-21
Number of pages: 53 Posted: 23 Feb 2016
Zhongyan Zhu and Wei Jiang
Monash University and Columbia Business School - Finance and Economics
Downloads 80 (247,115)

Abstract:

25.

Directors' Ownership in the U.S. Mutual Fund Industry

Number of pages: 55 Posted: 04 May 2005
Qi Chen, Itay Goldstein and Wei Jiang
Duke University - Fuqua School of Business, University of Pennsylvania - The Wharton School - Finance Department and Columbia Business School - Finance and Economics
Downloads 278 (83,182)
Citation 19

Abstract:

Optimal contracting, mutual funds, board directors

26.

Payoff Complementarities and Financial Fragility: Evidence from Mutual Fund Outflows

Number of pages: 50 Posted: 02 Mar 2007
Qi Chen, Itay Goldstein and Wei Jiang
Duke University - Fuqua School of Business, University of Pennsylvania - The Wharton School - Finance Department and Columbia Business School - Finance and Economics
Downloads 209 (107,632)
Citation 37

Abstract:

Payoff Complementarities, Financial Fragility, Mutual Fund Outflows, Global Games, Liquidity

27.

Out-of-the-Money CEOs: Private Control Premium and Option Exercises

Review of Financial Studies, Forthcoming
Number of pages: 59 Posted: 17 Nov 2013 Last Revised: 08 Sep 2015
Vyacheslav Fos and Wei Jiang
Boston College - Department of Finance and Columbia Business School - Finance and Economics
Downloads 188 (73,892)

Abstract:

private benefits of control; proxy contests; insider trading; early option exercise

28.

How Quickly Do Markets Learn? Private Information Dissemination in a Natural Experiment

Columbia Business School Research Paper No. 15-6
Number of pages: 60 Posted: 01 Jan 2015 Last Revised: 03 Nov 2016
Columbia Law School, Columbia Business School - Finance and Economics and Columbia Law School
Downloads 186 (67,549)

Abstract:

Private information; information dissemination; informed trading

29.

Influencing Control: Jawboning in Risk Arbitrage

Columbia Business School Research Paper No. 15-41
Number of pages: 59 Posted: 01 Apr 2015 Last Revised: 04 Apr 2016
Wei Jiang, Tao Li and Danqing Mei
Columbia Business School - Finance and Economics, University of Warwick - Warwick Business School and Columbia University - Columbia Business School
Downloads 118 (48,546)

Abstract:

Activist Risk Arbitrage; M&A

30.

Reputation Concerns of Independent Directors: Evidence from Individual Director Voting

Review of Financial Studies, Forthcoming
Number of pages: 59 Posted: 16 Mar 2012 Last Revised: 05 Dec 2015
Wei Jiang, Hualin Wan and Shan Zhao
Columbia Business School - Finance and Economics, Shanghai Lixin University of Commerce and Grenoble Ecole de Management
Downloads 107 (60,822)

Abstract:

Independent directors, director voting, career concerns

31.

What Happens 'Before the Birth' and 'After the Death' of a Hedge Fund?

Bankers, Markets & Investors, Forthcoming
Number of pages: 18 Posted: 14 Jul 2014
Vikas Agarwal, Vyacheslav Fos and Wei Jiang
Georgia State University, Boston College - Department of Finance and Columbia Business School - Finance and Economics
Downloads 91 (186,052)

Abstract:

database biases, self-selection bias, reporting bias, timing bias, hedge funds, mandatory and voluntary disclosure

32.

Activist Arbitrage: A Study of Open-Ending Attempts of Closed-End Funds

Journal of Financial Economics, Vol. 95, No. 1, pp. 1-19, 2008
Number of pages: 43 Posted: 22 Oct 2011
Duke University - Fuqua School of Business, Duke University - Fuqua School of Business, University of Pennsylvania - The Wharton School - Finance Department and Columbia Business School - Finance and Economics
Downloads 70 (235,874)
Citation 18

Abstract:

33.

The Future of Shadow Banking in China

Columbia Business School Research Paper No. 16-33
Number of pages: 12 Posted: 27 Apr 2016
Wei Jiang
Columbia Business School - Finance and Economics
Downloads 0 (153,054)

Abstract:

Shadow banking; China

34.

Appraisal: Shareholder Remedy or Litigation Arbitrage?

Columbia Business School Research Paper No. 16-31, Vanderbilt Law and Economics Research Paper No. 16-11
Number of pages: 34 Posted: 19 Apr 2016 Last Revised: 25 Feb 2017
Columbia Business School - Finance and Economics, University of Warwick - Warwick Business School, Columbia University - Columbia Business School and Vanderbilt University - Law School
Downloads 0 (41,779)

Abstract:

Appraisal Arbitrage, Delaware Appraisal Statute

35.

Recent Advances in Research on Hedge Fund Activism: Value Creation and Identification

Annual Review of Financial Economics, Vol. 7, pp. 579-595, 2015
Posted: 11 Dec 2015
Alon Brav, Wei Jiang and Hyunseob Kim
Duke University - Fuqua School of Business, Columbia Business School - Finance and Economics and Cornell University - Samuel Curtis Johnson Graduate School of Management

Abstract:

36.

Offering vs. Choice in 401(k) Plans: Equity Exposure and Number of Funds

Journal of Finance, Forthcoming
Posted: 07 Mar 2005
Gur Huberman and Wei Jiang
Columbia Business School - Finance and Economics and Columbia Business School - Finance and Economics

Abstract:

401(k) plan, choices, aggregation bias