Wei Wang

Queen's University - Smith School of Business

Professor of Finance

Queen's University-Smith School of Business

143 Union Street

Kingston, Ontario K7L 3N6

Canada

SCHOLARLY PAPERS

29

DOWNLOADS
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SSRN RANKINGS

Top 4,270

in Total Papers Downloads

16,963

SSRN CITATIONS
Rank 4,922

SSRN RANKINGS

Top 4,922

in Total Papers Citations

278

CROSSREF CITATIONS

91

Scholarly Papers (29)

1.
Downloads 1,312 (29,119)
Citation 58

How Costly Is Corporate Bankruptcy for the CEO?

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 47 Posted: 31 Aug 2012 Last Revised: 12 Feb 2016
Tuck School of Business at Dartmouth, Norwegian School of Economics and Queen's University - Smith School of Business
Downloads 1,309 (28,733)
Citation 11

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labor market capital, personal bankruptcy costs, turnover, career change, CEO compensation, wealth loss

How Costly is Corporate Bankruptcy for the CEO?

CEPR Discussion Paper No. DP10985
Number of pages: 44 Posted: 16 Dec 2015
Tuck School of Business at Dartmouth, Norwegian School of Economics and Queen's University - Smith School of Business
Downloads 3 (1,158,107)
Citation 18
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career change, CEO compensation, labor market capital, personal bankruptcy costs, turnover, wealth loss

2.

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
Emory University Goizueta Business School, University of British Columbia (UBC) - Sauder School of Business and Queen's University - Smith School of Business
Downloads 1,289 (29,894)
Citation 41

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

3.
Downloads 1,165 (34,616)
Citation 17

Bankrupt Innovative Firms

Number of pages: 49 Posted: 24 Jan 2017 Last Revised: 01 Jun 2021
Yale School of Management, Ivey Business School, Western University and Queen's University - Smith School of Business
Downloads 1,132 (35,479)
Citation 4

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Failed Firms, Innovation, Patent, Bankruptcy, Creditor Control

Bankrupt Innovative Firms

NBER Working Paper No. w28856
Number of pages: 50 Posted: 31 May 2021 Last Revised: 07 May 2023
Yale School of Management, Ivey Business School, Western University and Queen's University - Smith School of Business
Downloads 33 (858,873)
Citation 15

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4.

The Real Effects of Implicit Government Guarantee: Evidence from Chinese SOE Defaults

Management Science
Number of pages: 49 Posted: 15 Feb 2017 Last Revised: 28 Aug 2022
Shuang Jin, Wei Wang and Zilong Zhang
HKUST, Queen's University - Smith School of Business and Zhejiang University
Downloads 1,117 (36,724)
Citation 10

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implicit government guarantee, state-owned enterprises (SOEs), investment, corporate bonds, default, financial constraint

5.

Global Zombie Companies

Number of pages: 80 Posted: 03 Dec 2021 Last Revised: 17 Jan 2024
Edward I. Altman, Rui Dai and Wei Wang
New York University (NYU) - Salomon Center, Wharton Research Data Services (WRDS) and Queen's University - Smith School of Business
Downloads 1,074 (38,889)
Citation 3

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Zombie Firms, Financial Distress, Interest Coverage, Z-Score, COVID-19, High-yield Debt, Creditor Rights, Bankruptcy Code

6.

Loans to Chapter 11 Firms: Contract Design, Repayment Risk, and Pricing

European Corporate Governance Institute – Finance Working Paper No. 794/2021, Journal of Law and Economics, forthcoming
Number of pages: 51 Posted: 16 May 2019 Last Revised: 28 Oct 2023
B. Espen Eckbo, Kai Li and Wei Wang
Tuck School of Business at Dartmouth, University of British Columbia (UBC) - Sauder School of Business and Queen's University - Smith School of Business
Downloads 1,064 (39,430)
Citation 7

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debtor-in-possession financing, Chapter 11; loan spreads, loan fees, default risk, leveraged loans, relationship lending, rent extraction

7.

Dissecting Bankruptcy Frictions

Journal of Financial Economics (JFE), Forthcoming, Jacobs Levy Equity Management Center for Quantitative Financial Research Paper
Number of pages: 75 Posted: 20 May 2019 Last Revised: 02 Feb 2021
University of Pennsylvania - The Wharton School, University of Pennsylvania - The Wharton School, Queen's University - Smith School of Business and Indiana University - Kelley School of Business - Department of Finance
Downloads 1,003 (42,913)
Citation 29

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Bankruptcy, structural estimation, conflicts of interest, asymmetric information

Executive Lawyers: Gatekeepers or Strategic Officers?

Number of pages: 48 Posted: 06 Jun 2014 Last Revised: 01 Sep 2016
Adair Morse, Wei Wang and Serena Wu
University of California, Berkeley - Haas School of Business, Queen's University - Smith School of Business and Queen's University
Downloads 741 (63,940)
Citation 1

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General Counsel, gatekeepers, lawyers, internal governance, equity incentives, fraud, litigation, insider trading, backdating

Executive Lawyers: Gatekeepers or Strategic Officers?

Number of pages: 48 Posted: 22 Jul 2014 Last Revised: 01 Sep 2016
Adair Morse, Wei Wang and Serena Wu
University of California, Berkeley - Haas School of Business, Queen's University - Smith School of Business and Queen's University
Downloads 176 (314,330)

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General Counsel, gatekeepers, lawyers, internal governance, equity incentives, fraud, litigation, insider trading, backdating

Executive Lawyers: Gatekeepers or Strategic Officers?

NBER Working Paper No. w22597
Number of pages: 54 Posted: 07 Sep 2016 Last Revised: 31 Mar 2023
Adair Morse, Wei Wang and Serena Wu
University of California, Berkeley - Haas School of Business, Queen's University - Smith School of Business and Queen's University
Downloads 46 (756,853)
Citation 8

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9.

Debtor-in-Possession Financing, Loan-to-Loan, and Loan-to-Own

Number of pages: 41 Posted: 07 Jun 2013 Last Revised: 22 Jun 2016
Kai Li and Wei Wang
University of British Columbia (UBC) - Sauder School of Business and Queen's University - Smith School of Business
Downloads 799 (58,604)
Citation 12

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DIP financing; activist investors; board turnover; CEO turnover; Chapter 11; creditor control; loan-to-own; loan-to-loan

10.

Financial Costs of Judicial Inexperience: Evidence from Corporate Bankruptcies

Number of pages: 48 Posted: 08 Dec 2017 Last Revised: 03 Jul 2022
Brigham Young University, University of Minnesota - Twin Cities - Carlson School of Management, Queen's University - Smith School of Business and University of Illinois Urbana Champaign
Downloads 771 (61,533)
Citation 9

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bankruptcy judges, human capital, learning by doing, job-specific skills, inexperience

11.

Simultaneous Debt-Equity Holdings and The Resolution of Financial Distress

Kelley School of Business Research Paper No. 18-66, 31st Australasian Finance and Banking Conference 2018
Number of pages: 65 Posted: 30 Jul 2018 Last Revised: 17 Jul 2020
Belk College of Business, UNC Charlotte, Purdue University, Krannert School of Management, Asper School of Business, University of Manitoba, Queen's University - Smith School of Business and Indiana University - Kelley School of Business - Department of Finance
Downloads 734 (65,804)
Citation 4

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financial distress; bankruptcy; out-of-court restructuring; simultaneous holding; debt; equity

12.

Provision of Management Incentives in Bankrupt Firms

Number of pages: 47 Posted: 17 Jul 2012 Last Revised: 26 Dec 2015
Vidhan K. Goyal and Wei Wang
Hong Kong University of Science and Technology and Queen's University - Smith School of Business
Downloads 693 (70,670)
Citation 16

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key employee retention plans, incentive contract, Chapter 11, compensation, retention bonuses, credito control, human capital

13.

Assessing Default Probabilities from Structural Credit Risk Models

Number of pages: 58 Posted: 27 Apr 2006
Wei Wang and Wulin Suo
Queen's University - Smith School of Business and Queen's University - Smith School of Business
Downloads 692 (70,809)
Citation 1

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Default Probabilities, Structural Model, Credit Risk, Corporate Bonds

14.

Debt Maturity and Asymmetric Information: Evidence from Default Risk Changes

Journal of Financial and Quantitative Analysis (JFQA), Vol. 48, Issue 3, pp 789-817, 2013
Number of pages: 66 Posted: 19 Mar 2009 Last Revised: 24 Jul 2014
Vidhan K. Goyal and Wei Wang
Hong Kong University of Science and Technology and Queen's University - Smith School of Business
Downloads 580 (88,494)
Citation 11

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Debt Maturity, Debt Issuance, Default Risk, Signaling, Timing, Distance-to-Default, Asset Volatility

15.

What's in a 'China' Name? A Test of Investor Attention Hypothesis

Financial Management, Forthcoming
Number of pages: 43 Posted: 29 May 2009 Last Revised: 02 Dec 2011
Kee-Hong Bae and Wei Wang
York University - Schulich School of Business and Queen's University - Smith School of Business
Downloads 528 (99,500)
Citation 4

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China-name Stocks, Investor Attention, Initial Public Offering, American Depositary Receipt

16.

SEC Scrutiny Shopping

Number of pages: 87 Posted: 08 Jul 2015 Last Revised: 20 Dec 2020
Paul Calluzzo, Wei Wang and Serena Wu
Queen's University - Smith School of Business, Queen's University - Smith School of Business and Queen's University
Downloads 500 (106,435)
Citation 1

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regulatory enforcement, SEC regulation, forum shopping, corporate relocation

17.

The Cost of Intermediary Market Power for Distressed Borrowers

Jacobs Levy Equity Management Center for Quantitative Financial Research Paper
Number of pages: 81 Posted: 25 Jul 2022 Last Revised: 14 Feb 2023
Winston Wei Dou, Wei Wang and Wenyu Wang
University of Pennsylvania - The Wharton School, Queen's University - Smith School of Business and Indiana University - Kelley School of Business - Department of Finance
Downloads 377 (147,747)
Citation 6

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Collusion in Syndication, Blocking Power, Agency Conflicts, Intermediary Asset Pricing, Likelihood-Based Estimation, Latent Demand Shifts.

18.

The Costs of Bankruptcy Restructuring

Number of pages: 38 Posted: 21 Dec 2021 Last Revised: 13 Apr 2022
Wei Wang
Queen's University - Smith School of Business
Downloads 375 (148,642)

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financial distress, bankruptcy, reorganization, liquidation, costs, delay, hedge funds, secured creditors, asset sale

19.

Knowing is Power: The Value of Judge-Lawyer Familiarity

HKUST Business School Research Paper No. 2020-019
Number of pages: 62 Posted: 18 Aug 2020 Last Revised: 10 Jan 2022
Hong Kong University of Science and Technology, University of Minnesota - Twin Cities - Carlson School of Management and Queen's University - Smith School of Business
Downloads 316 (178,818)
Citation 1

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network, preferences, lawyers, Chapter 11, corporate bankruptcy, law firms, judges

The Changing Face of Chapter 11 Bankruptcy: Insights from Recent Trends and Research

Annual Review of Financial Economics, Vol. 15, pp. 351-367, 2023
Posted: 07 Nov 2023
Boston College - Carroll School of Management, Norwegian School of Economics and Queen's University - Smith School of Business

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The Changing Face of Chapter 11 Bankruptcy: Insights from Recent Trends and Research

Number of pages: 34 Posted: 29 Nov 2022
Boston College - Carroll School of Management, Norwegian School of Economics and Queen's University - Smith School of Business
Downloads 292 (193,171)

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Bankruptcy, Chapter 11, Defaults, Distressed Debt, Recovery Rate, 363 Sales, Private Equity, Creditor Rights, Leveraged Loans

21.

Do Bondholders Value Senior Loan Lender Control Rights?

Number of pages: 50 Posted: 01 Nov 2015 Last Revised: 05 Jan 2017
Bo Li, Lynnette D. Purda and Wei Wang
Tsinghua University - School of Economics & Management, Queen's University - Smith School of Business and Queen's University - Smith School of Business
Downloads 251 (226,389)

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Creditor control; creditor conflict; covenants; syndicated loans; corporate bonds; governance

22.

Valuation Effects along the Technology Channel: Evidence from Corporate Bankruptcies

Number of pages: 45 Posted: 04 Sep 2015 Last Revised: 20 Aug 2017
Jiaping Qiu, Jin Wang and Wei Wang
McMaster University - Michael G. DeGroote School of Business, Wilfrid Laurier University - Lazaridis School of Business & Economics and Queen's University - Smith School of Business
Downloads 232 (244,414)

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bankruptcy, distress, technology, innovation, economic linkage, spillover

23.

Senior Lender Control: Monitoring Spillover or Creditor Conflict?

PBCSF-NIFR Research Paper
Number of pages: 52 Posted: 19 Jul 2016 Last Revised: 29 Oct 2020
Bo Li, Lynnette D. Purda and Wei Wang
Guanghua School of Management, Peking University, Queen's University - Smith School of Business and Queen's University - Smith School of Business
Downloads 228 (248,539)
Citation 1

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delegated monitoring, creditor conflict, lender control rights, loan covenants, corporate bonds

Default and Bankruptcy Resolution in China

Annual Review of Financial Economics, Vol. 15, pp. 369-385, 2023
Posted: 07 Nov 2023
Boston College - Carroll School of Management, New York University (NYU) - Department of Finance, Guanghua School of Management, Peking University, Northwestern University - Kellogg School of Management and Queen's University - Smith School of Business

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Default and Bankruptcy Resolution in China

Number of pages: 29 Posted: 29 Oct 2022 Last Revised: 31 Jan 2023
Boston College - Carroll School of Management, New York University (NYU) - Department of Finance, Guanghua School of Management, Peking University, Northwestern University - Kellogg School of Management and Queen's University - Smith School of Business
Downloads 213 (264,098)

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Bankruptcy law, non-performing loans, shadow banks, bond markets, default, restructuring.

25.

Polluted IPOs

Number of pages: 59 Posted: 31 Mar 2022 Last Revised: 15 Nov 2022
Meng Miao, Wei Wang and Zhengyu Zuo
Renmin University of China-School of Finance, Queen's University - Smith School of Business and Renmin University of China
Downloads 169 (325,937)

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Air Pollution, PM2.5, IPO, Regulatory Oversight, Cognitive Ability

26.

Do Hedge Funds Exploit Material Nonpublic Information? Evidence from Corporate Bankruptcies

Number of pages: 81 Posted: 11 Oct 2023 Last Revised: 29 Feb 2024
Wei Wang, Yan Yang and Jingyu Zhang
Queen's University - Smith School of Business, Queen's University - Smith School of Business and Queen's University - Smith School of Business
Downloads 127 (410,840)

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Bankruptcy, Unsecured Creditors' Committee, Hedge Funds, Material Nonpublic Information, Informed Trading

Explaining Debt Recovery Using an Endogenous Bankruptcy Model

Midwest Finance Association 2013 Annual Meeting Paper
Number of pages: 31 Posted: 01 Oct 2012 Last Revised: 07 Oct 2013
Wulin Suo, Wei Wang and Amber Qi Zhang
Queen's University - Smith School of Business, Queen's University - Smith School of Business and Queen's University
Downloads 99 (496,149)
Citation 1

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Bankruptcy, Debt Recovery, Structural Model, Bankruptcy Cost, Agency Conflict

Explaining Debt Recovery Using an Endogenous Bankruptcy Model

Journal of Fixed Income, Forthcoming, https://doi.org/10.3905/jfi.2013.23.2.114
Posted: 21 May 2019
Wulin Suo, Wei Wang and Amber Qi Zhang
Queen's University - Smith School of Business, Queen's University - Smith School of Business and Queen's University

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Bankruptcy, Debt Recovery, Structural Model, Bankruptcy Cost, Agency Conflict

28.

The Disappeared Outperformance of Post-reorg Equity

The Journal of Alternative Investments, Winter 2023, 25 (3) 118 - 137 DOI: 10.3905/jai.2022.1.180
Posted: 18 Aug 2021 Last Revised: 11 Apr 2024
Wei Jiang, Wei Wang and Yan Yang
Emory University Goizueta Business School, Queen's University - Smith School of Business and Queen's University - Smith School of Business

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bankruptcy, stock returns, over-the-counter (OTC) market, earnings announcement, institutional ownership

29.

Recovery and Returns of Distressed Bonds in Bankruptcy

Journal of Fixed Income, Forthcoming, https://doi.org/10.3905/jfi.2011.21.1.021
Posted: 21 May 2019
Wei Wang
Queen's University - Smith School of Business

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distressed bonds, distressed investing, recovery, Chapter 11