Neng Wang

Columbia Business School - Finance and Economics

3022 Broadway

New York, NY 10027

United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

  • Columbia Business School - Finance and Economics

  • National Bureau of Economic Research (NBER)

SCHOLARLY PAPERS

47

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393

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779

Scholarly Papers (47)

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1.

Tokenomics: Dynamic Adoption and Valuation

Downloads 3 ( 3,677)
Citation 21

Tokenomics: Dynamic Adoption and Valuation

NBER Working Paper No. w27222
Number of pages: 67 Posted: 26 May 2020
Lin William Cong, Ye Li and Neng Wang
Cornell University - Samuel Curtis Johnson Graduate School of Management, Ohio State University and Columbia Business School - Finance and Economics
Downloads 3 (729,041)
Citation 4
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2.

Market Timing, Investment, and Risk Management

Downloads 1,837 ( 9,635)
Citation 47

Market Timing, Investment, and Risk Management

AFA 2012 Chicago Meetings Paper
Number of pages: 59 Posted: 16 Mar 2010 Last Revised: 29 Mar 2012
Patrick Bolton, Hui Chen and Neng Wang
Columbia Business School - Department of Economics, Massachusetts Institute of Technology and Columbia Business School - Finance and Economics
Downloads 1,787 (9,871)
Citation 51

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risk management, liquidity, financial crisis, market timing, investment, q theory

Market Timing, Investment, and Risk Management

NBER Working Paper No. w16808
Number of pages: 55 Posted: 28 Feb 2011
Patrick Bolton, Hui Chen and Neng Wang
Columbia Business School - Department of Economics, Massachusetts Institute of Technology and Columbia Business School - Finance and Economics
Downloads 50 (436,851)

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3.

A Unified Theory of Tobin's Q, Corporate Investment, Financing, and Risk Management

Downloads 1,479 ( 13,597)
Citation 173

A Unified Theory of Tobin's Q, Corporate Investment, Financing, and Risk Management

Journal of Finance, Forthcoming , AFA 2010 Atlanta Meetings Paper
Number of pages: 50 Posted: 19 Mar 2009 Last Revised: 12 Jul 2011
Patrick Bolton, Hui Chen and Neng Wang
Columbia Business School - Department of Economics, Massachusetts Institute of Technology and Columbia Business School - Finance and Economics
Downloads 1,287 (16,566)
Citation 41

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investment, q theory, cash management, liquidity, hedging, payout, financing

A Unified Theory of Tobin's Q, Corporate Investment, Financing, and Risk Management

NBER Working Paper No. w14845
Number of pages: 57 Posted: 07 Apr 2009 Last Revised: 26 Jul 2010
Patrick Bolton, Hui Chen and Neng Wang
Columbia Business School - Department of Economics, Massachusetts Institute of Technology and Columbia Business School - Finance and Economics
Downloads 192 (175,654)

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4.

Valuing Private Equity

Downloads 451 ( 21,630)
Citation 15

Valuing Private Equity

Netspar Discussion Paper No. 04/2012-041
Number of pages: 59 Posted: 27 Nov 2012 Last Revised: 27 Sep 2019
Morten Sorensen, Neng Wang and Jinqiang Yang
Dartmouth College - Tuck School of Business, Columbia Business School - Finance and Economics and Shanghai University of Finance and Economics
Downloads 156 (210,885)
Citation 8

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Private equity, alternative investments, illiquidity, portfolio choice, asset allocation, management fees, carried interest, incomplete markets

Valuing Private Equity

Number of pages: 58 Posted: 03 Oct 2012 Last Revised: 14 Jun 2013
Morten Sorensen, Neng Wang and Jinqiang Yang
Dartmouth College - Tuck School of Business, Columbia Business School - Finance and Economics and Shanghai University of Finance and Economics
Downloads 150 (217,969)
Citation 2

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Private equity, alternative investments, illiquidity, portfolio choice, asset allocation, management fees, carried interest, incomplete markets

Valuing Private Equity

NBER Working Paper No. w19612
Number of pages: 64 Posted: 09 Nov 2013 Last Revised: 07 Oct 2014
Morten Sorensen, Neng Wang and Jinqiang Yang
Dartmouth College - Tuck School of Business, Columbia Business School - Finance and Economics and Shanghai University of Finance and Economics
Downloads 145 (224,081)
Citation 4

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5.

Agency Conflicts, Investment, and Asset Pricing

Downloads 1,046 ( 23,000)
Citation 6

Agency Conflicts, Investment, and Asset Pricing

Journal of Finance, Vol. 63, 2008, Boston University Questrom School of Business Research Paper No. 2009-3, European Corporate Governance Institute (ECGI) - Finance Working Paper No. 167/2007
Number of pages: 77 Posted: 31 Dec 2004 Last Revised: 04 Dec 2018
Rui A. Albuquerque and Neng Wang
Boston College, Carroll School of Management and Columbia Business School - Finance and Economics
Downloads 993 (24,444)
Citation 5

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Asset prices, heterogeneous agents, agency, corporate governance, investor protection, volatility, overinvestment

Agency Conflicts, Investment, and Asset Pricing

NBER Working Paper No. w13251
Number of pages: 73 Posted: 13 Jul 2007 Last Revised: 17 Sep 2010
Rui A. Albuquerque and Neng Wang
Boston College, Carroll School of Management and Columbia Business School - Finance and Economics
Downloads 29 (536,363)

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Agency Conflicts, Investment and Asset Pricing

CEPR Discussion Paper No. 4955
Number of pages: 62 Posted: 27 Jul 2005
Rui A. Albuquerque and Neng Wang
Boston College, Carroll School of Management and Columbia Business School - Finance and Economics
Downloads 24 (568,609)
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Asset prices, heterogeneous agents, agency, corporate governance, investor protection, volatility, overinvestment

6.

Incentives and Investment Timing: Real Options in a Principal-Agent Setting

Number of pages: 47 Posted: 23 Apr 2003
Steven R. Grenadier and Neng Wang
Stanford Graduate School of Business and Columbia Business School - Finance and Economics
Downloads 960 (26,041)
Citation 2

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Real Options, Agency Costs, Hidden Information, Hidden Action, Investment Timing

7.

Capital Structure, Investment, and Private Benefits of Control

Number of pages: 31 Posted: 14 Sep 2004
Erwan Morellec and Neng Wang
Ecole Polytechnique Fédérale de Lausanne and Columbia Business School - Finance and Economics
Downloads 886 (29,259)
Citation 2

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private benefits of control, investment policy, financing policy

8.

Debt, Taxes, and Liquidity

Downloads 849 ( 31,135)
Citation 1

Debt, Taxes, and Liquidity

Columbia Business School Research Paper No. 14-17
Number of pages: 43 Posted: 13 Mar 2014 Last Revised: 22 Nov 2014
Patrick Bolton, Hui Chen and Neng Wang
Columbia Business School - Department of Economics, Massachusetts Institute of Technology and Columbia Business School - Finance and Economics
Downloads 832 (31,482)

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Capital structure, liquidity, cash, financing frictions, marginal tax benefit of debt, tradeoff theory

Debt, Taxes, and Liquidity

NBER Working Paper No. w20009
Number of pages: 61 Posted: 31 Mar 2014
Patrick Bolton, Hui Chen and Neng Wang
Columbia Business School - Department of Economics, Massachusetts Institute of Technology and Columbia Business School - Finance and Economics
Downloads 17 (618,358)
Citation 1

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9.

Dynamic Investment, Capital Structure, and Debt Overhang

Number of pages: 51 Posted: 21 Dec 2006
Suresh M. Sundaresan and Neng Wang
Columbia Business School - Finance and Economics and Columbia Business School - Finance and Economics
Downloads 747 (37,097)
Citation 51

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Endogenous default, leverage, real options, debt overhang, debt seniority

10.

Entrepreneurial Finance and Nondiversifiable Risk

Downloads 727 ( 38,403)
Citation 35

Entrepreneurial Finance and Nondiversifiable Risk

Review of Financial Studies, Forthcoming
Number of pages: 64 Posted: 27 Mar 2009 Last Revised: 07 Jul 2010
Hui Chen, Jianjun Miao and Neng Wang
Massachusetts Institute of Technology, Boston University - Department of Economics and Columbia Business School - Finance and Economics
Downloads 674 (41,958)
Citation 7

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default, diversification benefits, entrepreneurial risk aversion, incomplete markets, idiosyncratic risk premium, hedging, capital structure, cash-out option, precautionary saving

Entrepreneurial Finance and Non-Diversifiable Risk

NBER Working Paper No. w14848
Number of pages: 45 Posted: 07 Apr 2009 Last Revised: 29 Oct 2014
Hui Chen, Jianjun Miao and Neng Wang
Massachusetts Institute of Technology, Boston University - Department of Economics and Columbia Business School - Finance and Economics
Downloads 53 (425,503)
Citation 1

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11.

Investment Timing, Agency and Information

Downloads 668 ( 43,081)
Citation 51

Investment Timing, Agency and Information

Number of pages: 49 Posted: 04 Sep 2003
Steven R. Grenadier and Neng Wang
Stanford Graduate School of Business and Columbia Business School - Finance and Economics
Downloads 624 (46,527)

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real options, capital budgeting, agency cost, hidden information, hidden action, investment timing

Investment Timing, Agency, and Information

NBER Working Paper No. w11148
Number of pages: 50 Posted: 16 Mar 2005 Last Revised: 08 Aug 2009
Steven R. Grenadier and Neng Wang
Stanford Graduate School of Business and Columbia Business School - Finance and Economics
Downloads 44 (461,554)
Citation 8

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Investment Timing, Agency, and Information

Posted: 07 May 2005
Steven R. Grenadier and Neng Wang
Stanford Graduate School of Business and Columbia Business School - Finance and Economics

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Real options, investment timing, contracting, agency

12.

The Economics of Hedge Funds

AFA 2013 San Diego Meetings Paper
Number of pages: 46 Posted: 20 Mar 2012 Last Revised: 21 Sep 2012
Yingcong Lan, Neng Wang and Jinqiang Yang
Cornerstone Research - New York Office, Columbia Business School - Finance and Economics and Shanghai University of Finance and Economics
Downloads 518 (59,789)
Citation 6

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assets under management (AUM), high-water mark (HWM), alpha, management fees, incentive fees, conflicts of interest, agency, liquidation option, redemption, drawdown, managerial ownership, money flow, margin requirement, risk seeking

13.

Token-Based Platform Finance

Downloads 392 ( 83,937)
Citation 5

Token-Based Platform Finance

Fisher College of Business Working Paper No. 2019-03-028, Charles A. Dice Center Working Paper No. 2019-28, Columbia Business School Research Paper Forthcoming
Number of pages: 50 Posted: 29 Oct 2019 Last Revised: 04 Sep 2020
Lin William Cong, Ye Li and Neng Wang
Cornell University - Samuel Curtis Johnson Graduate School of Management, Ohio State University and Columbia Business School - Finance and Economics
Downloads 389 (83,956)
Citation 7

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Blockchain, Cryptocurrency, Dynamic Corporate Financing, Durable Goods, Gig Economy, Stablecoin, Token/Coin Offering, Optimal Token Supply

Token-Based Platform Finance

NBER Working Paper No. w27810
Number of pages: 50 Posted: 14 Sep 2020
Lin William Cong, Ye Li and Neng Wang
Cornell University - Samuel Curtis Johnson Graduate School of Management, Ohio State University and Columbia Business School - Finance and Economics
Downloads 3 (729,041)
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14.

Investment Under Uncertainty and Time-Inconsistent Preferences

Downloads 341 ( 98,248)
Citation 37

Investment Under Uncertainty and Time-Inconsistent Preferences

Stanford GSB Research Paper No. 1899
Number of pages: 48 Posted: 05 Aug 2005
Steven R. Grenadier and Neng Wang
Stanford Graduate School of Business and Columbia Business School - Finance and Economics
Downloads 305 (110,473)

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irreversible investment, hyperbolic discounting, time inconsistency, real options

Investment Under Uncertainty and Time-Inconsistent Preferences

NBER Working Paper No. w12042
Number of pages: 49 Posted: 04 May 2006 Last Revised: 02 Jul 2009
Steven R. Grenadier and Neng Wang
Stanford Graduate School of Business and Columbia Business School - Finance and Economics
Downloads 36 (498,477)
Citation 7

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15.

Learning, Investment, and Entrepreneurial Survival: A Real Options Approach

Number of pages: 35 Posted: 17 Mar 2006
Neng Wang and Jianjun Miao
Columbia Business School - Finance and Economics and Boston University - Department of Economics
Downloads 318 (106,246)

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real options, learning, private firm value, survival, precautionary savings, incomplete markets

16.

Risk, Uncertainty, and Option Exercise

Downloads 310 (109,153)
Citation 6

Risk, Uncertainty, and Option Exercise

Number of pages: 36 Posted: 15 Oct 2004
Neng Wang and Jianjun Miao
Columbia Business School - Finance and Economics and Boston University - Department of Economics
Downloads 270 (125,814)
Citation 4

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Ambiguity, multiple-priors utility, real options, optimal stopping problem

Risk, Uncertainty, and Option Exercise

Journal of Economic Dynamics & Control, Vol. 35, pp. 442-461, 2004
Number of pages: 30 Posted: 26 Oct 2011
Neng Wang and Jianjun Miao
Columbia Business School - Finance and Economics and Boston University - Department of Economics
Downloads 40 (479,513)

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17.

Investment under Uncertainty and the Value of Real and Financial Flexibility

Downloads 293 (116,037)
Citation 7

Investment under Uncertainty and the Value of Real and Financial Flexibility

Columbia Business School Research Paper No. 14-1
Number of pages: 50 Posted: 07 Dec 2013 Last Revised: 28 Aug 2014
Patrick Bolton, Neng Wang and Jinqiang Yang
Columbia Business School - Department of Economics, Columbia Business School - Finance and Economics and Shanghai University of Finance and Economics
Downloads 261 (130,345)
Citation 7

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Investment Under Uncertainty with Financial Constraints

NBER Working Paper No. w20610
Number of pages: 81 Posted: 27 Oct 2014
Patrick Bolton, Neng Wang and Jinqiang Yang
Columbia Business School - Department of Economics, Columbia Business School - Finance and Economics and Shanghai University of Finance and Economics
Downloads 32 (519,412)
Citation 1

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18.

Investment, Consumption and Hedging Under Incomplete Markets

Downloads 276 (123,491)
Citation 47

Investment, Consumption and Hedging Under Incomplete Markets

Number of pages: 42 Posted: 04 Aug 2005
Jianjun Miao and Neng Wang
Boston University - Department of Economics and Columbia Business School - Finance and Economics
Downloads 234 (145,475)
Citation 2

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real options, idiosyncratic risk, hedging, risk aversion, precautionary saving, incomplete markets

Investment, Consumption, and Hedging Under Incomplete Markets

NBER Working Paper No. w13250
Number of pages: 47 Posted: 13 Jul 2007 Last Revised: 29 Oct 2014
Neng Wang and Jianjun Miao
Columbia Business School - Finance and Economics and Boston University - Department of Economics
Downloads 42 (470,360)
Citation 2

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19.

The Economics of Hedge Funds: Alpha, Fees, Leverage, and Valuation

Downloads 245 (139,669)
Citation 1

The Economics of Hedge Funds: Alpha, Fees, Leverage, and Valuation

Number of pages: 44 Posted: 04 Feb 2011 Last Revised: 16 Mar 2011
Yingcong Lan, Neng Wang and Jinqiang Yang
Cornerstone Research - New York Office, Columbia Business School - Finance and Economics and Shanghai University of Finance and Economics
Downloads 193 (174,873)
Citation 1

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assets under management (AUM), high-water mark, alpha, management fees, incentive fees, conflicts of interest, liquidation option, managerial ownership

The Economics of Hedge Funds: Alpha, Fees, Leverage, and Valuation

NBER Working Paper No. w16842
Number of pages: 45 Posted: 07 Mar 2011
Yingcong Lan, Neng Wang and Jinqiang Yang
Cornerstone Research - New York Office, Columbia Business School - Finance and Economics and Shanghai University of Finance and Economics
Downloads 52 (429,189)

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20.

The Economic and Policy Consequences of Catastrophes

Downloads 239 (143,047)
Citation 23

The Economic and Policy Consequences of Catastrophes

MIT Sloan Research Paper No. 4751-09
Number of pages: 28 Posted: 18 Sep 2009
Robert S. Pindyck and Neng Wang
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Columbia Business School - Finance and Economics
Downloads 195 (173,230)
Citation 8

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Catastrophes, disasters, rare events, economic uncertainty, consumption tax, national security

The Economic and Policy Consequences of Catastrophes

NBER Working Paper No. w15373
Number of pages: 43 Posted: 28 Sep 2009 Last Revised: 05 Jul 2010
Robert S. Pindyck and Neng Wang
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Columbia Business School - Finance and Economics
Downloads 44 (461,554)
Citation 9

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21.

Dynamic Agency and the Q Theory of Investment

Journal of Finance, Forthcoming
Number of pages: 70 Posted: 30 Apr 2012
Peter M. DeMarzo, Michael J. Fishman, Zhiguo He and Neng Wang
Stanford Graduate School of Business, Kellogg School of Management - Department of Finance, University of Chicago - Finance and Columbia Business School - Finance and Economics
Downloads 202 (167,722)
Citation 12

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22.

A Life-Cycle Model of Income and Wealth Distribution

Number of pages: 50 Posted: 05 Aug 2003
Neng Wang
Columbia Business School - Finance and Economics
Downloads 191 (176,604)

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Wealth Distribution, Stochastic Life Horizon, Conditional Heteroskedasticity

23.

Investor Protection, Diversification, Investment, and Tobin's Q

Number of pages: 46 Posted: 20 Mar 2012 Last Revised: 20 Sep 2012
Yingcong Lan, Neng Wang and Jinqiang Yang
Cornerstone Research - New York Office, Columbia Business School - Finance and Economics and Shanghai University of Finance and Economics
Downloads 190 (177,491)
Citation 3

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24.

The Endowment Model and Modern Portfolio Theory

Downloads 187 (180,061)
Citation 1

The Endowment Model and Modern Portfolio Theory

Number of pages: 49 Posted: 24 Feb 2019
Stephen G. Dimmock, Neng Wang and Jinqiang Yang
National University of Singapore, Columbia Business School - Finance and Economics and Columbia University
Downloads 180 (186,159)
Citation 1

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endowment model, portfolio choice, illiquid assets, illiquidity, modern portfolio theory, asset allocation, alternative assets, alternative investments

The Endowment Model and Modern Portfolio Theory

NBER Working Paper No. w25559
Number of pages: 50 Posted: 19 Feb 2019
Stephen G. Dimmock, Neng Wang and Jinqiang Yang
National University of Singapore, Columbia Business School - Finance and Economics and Columbia University
Downloads 7 (695,405)
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25.

Pandemics, Vaccines and Corporate Earnings

Downloads 167 (201,813)
Citation 2

Pandemics, Vaccines and Corporate Earnings

Number of pages: 50 Posted: 12 Sep 2020
Harrison G. Hong, Jeffrey D. Kubik, Neng Wang, Xiao Xu and Jinqiang Yang
Columbia University, Graduate School of Arts and Sciences, Department of Economics, Syracuse University - Department of Economics, Columbia Business School - Finance and Economics, Columbia University, Graduate School of Arts and Sciences, Department of Economics and Shanghai University of Finance and Economics
Downloads 119 (265,012)
Citation 3

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COVID-19, pandemic, damage function, corporate earnings, analyst forecasts, vaccine arrival

Pandemics, Vaccines and Corporate Earnings

NBER Working Paper No. w27829
Number of pages: 51 Posted: 21 Sep 2020
Harrison G. Hong, Jeffrey D. Kubik, Neng Wang, Xu Xu and Jinqiang Yang
Columbia University, Graduate School of Arts and Sciences, Department of Economics, Syracuse University - Department of Economics, Columbia Business School - Finance and Economics, Columbia University and Columbia University
Downloads 48 (448,926)

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26.

Investment, Hedging, and Consumption Smoothing

Number of pages: 47 Posted: 19 Jul 2004
Jianjun Miao and Neng Wang
Boston University - Department of Economics and Columbia Business School - Finance and Economics
Downloads 163 (202,858)
Citation 1

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Real options, risk aversion, incomplete markets, hedging, precautionary saving

27.

Dynamics of Entrepreneurship Under Incomplete Markets

Downloads 122 (255,788)
Citation 2

Dynamics of Entrepreneurship Under Incomplete Markets

Number of pages: 45 Posted: 24 Feb 2011 Last Revised: 09 Nov 2011
Chong Wang, Neng Wang and Jinqiang Yang
Naval Postgraduate School - Graduate School of Business and Public Policy, Columbia Business School - Finance and Economics and Shanghai University of Finance and Economics
Downloads 102 (292,246)
Citation 3

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idiosyncratic risk premium, hedging, liquidity constraints, precautionary saving, portfolio choice, investment, entry, exit, the q theory of investment, real options

A Unified Model of Entrepreneurship Dynamics

NBER Working Paper No. w16843
Number of pages: 54 Posted: 07 Mar 2011 Last Revised: 29 Oct 2014
Chong Wang, Neng Wang and Jinqiang Yang
Naval Postgraduate School - Graduate School of Business and Public Policy, Columbia Business School - Finance and Economics and Shanghai University of Finance and Economics
Downloads 20 (596,590)

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28.

Consumption and Conditionally Heteroskedastic Income

Number of pages: 29 Posted: 17 Jul 2003
Neng Wang
Columbia Business School - Finance and Economics
Downloads 121 (257,328)
Citation 4

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Precautionary Savings, Permanent Income, Conditional Heteroskedasticity

29.

Implications of Stochastic Transmission Rates for Managing Pandemic Risks

Downloads 119 (262,217)
Citation 1

Implications of Stochastic Transmission Rates for Managing Pandemic Risks

Review of Financial Studies forthcoming
Number of pages: 52 Posted: 13 May 2020 Last Revised: 13 Oct 2020
Harrison G. Hong, Neng Wang and Jinqiang Yang
Columbia University, Graduate School of Arts and Sciences, Department of Economics, Columbia Business School - Finance and Economics and Shanghai University of Finance and Economics
Downloads 100 (298,138)
Citation 1

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COVID-19, stochastic epidemic model, risk management, stock valuation

Implications of Stochastic Transmission Rates for Managing Pandemic Risks

NBER Working Paper No. w27218
Number of pages: 53 Posted: 26 May 2020
Harrison G. Hong, Neng Wang and Jinqiang Yang
Columbia University, Graduate School of Arts and Sciences, Department of Economics, Columbia Business School - Finance and Economics and Columbia University
Downloads 19 (603,873)

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30.

An Equilibrium Model of Wealth Distribution

Number of pages: 27 Posted: 08 Feb 2006
Neng Wang
Columbia Business School - Finance and Economics
Downloads 111 (273,858)
Citation 4

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precautionary savings, wealth distribution, Bewley models, affine process, recursive utility, stochastic discounting

31.

Mitigating Disaster Risks in the Age of Climate Change

Downloads 102 (290,352)
Citation 1

Mitigating Disaster Risks in the Age of Climate Change

Number of pages: 51 Posted: 13 May 2020 Last Revised: 17 Oct 2020
Harrison G. Hong, Neng Wang and Jinqiang Yang
Columbia University, Graduate School of Arts and Sciences, Department of Economics, Columbia Business School - Finance and Economics and Shanghai University of Finance and Economics
Downloads 99 (298,138)

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Weather Disasters, Growth, Learning, Mitigation, Market Failure, Climate Change

Mitigating Disaster Risks to Sustain Growth

NBER Working Paper No. w27066
Number of pages: 52 Posted: 28 Apr 2020
Harrison G. Hong, Neng Wang and Jinqiang Yang
Columbia University, Graduate School of Arts and Sciences, Department of Economics, Columbia Business School - Finance and Economics and Columbia University
Downloads 3 (729,041)
Citation 2
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32.

Debt, Default, and Risk Management: Corporate Policies Under Incomplete Markets

Columbia Business School Research Paper Forthcoming
Number of pages: 50 Posted: 30 Sep 2019
Patrick Bolton, Neng Wang and Jinqiang Yang
Columbia Business School - Department of Economics, Columbia Business School - Finance and Economics and Shanghai University of Finance and Economics
Downloads 101 (292,272)

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leverage, capital structure, debt capacity, payouts

33.

Precautionary Savings and Partially Observed Income

Number of pages: 33 Posted: 05 Aug 2003
Neng Wang
Columbia Business School - Finance and Economics
Downloads 100 (294,222)

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Precautionary Savings, Separation Principle,

34.

Optimal Consumption and Savings with Stochastic Income and Recursive Utility

Columbia Business School Research Paper No. 15-19
Number of pages: 39 Posted: 24 Jan 2015
Chong Wang, Neng Wang and Jinqiang Yang
Naval Postgraduate School - Graduate School of Business and Public Policy, Columbia Business School - Finance and Economics and Shanghai University of Finance and Economics
Downloads 95 (304,074)
Citation 2

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buffer stock; precautionary savings; incomplete markets; borrowing constraints; permanent income; non-expected utility

35.

Capital Reallocation and Growth

American Economic Review: Papers and Proceedings, Vol. 99, No. 2, pp. 560-566, 2009
Number of pages: 7 Posted: 26 Oct 2011
Janice C. Eberly and Neng Wang
Northwestern University - Kellogg School of Management and Columbia Business School - Finance and Economics
Downloads 56 (408,420)
Citation 1

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36.

A Unified Model of Entrepreneurship Dynamics

Number of pages: 53 Posted: 03 Oct 2012
Chong Wang, Neng Wang and Jinqiang Yang
Naval Postgraduate School - Graduate School of Business and Public Policy, Columbia Business School - Finance and Economics and Shanghai University of Finance and Economics
Downloads 45 (448,696)
Citation 7

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37.

Investment, Tobin's Q, and Interest Rates

NBER Working Paper No. w19327
Number of pages: 51 Posted: 17 Aug 2013
Chong Wang, Neng Wang, Jinqiang Yang and Jinqiang Yang
Naval Postgraduate School - Graduate School of Business and Public Policy, Columbia Business School - Finance and Economics, Shanghai University of Finance and Economics and Columbia University
Downloads 41 (465,229)

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38.

Optimal Contracting, Corporate Finance, and Valuation with Inalienable Human Capital

NBER Working Paper No. w20979
Number of pages: 65 Posted: 02 Mar 2015
Patrick Bolton, Neng Wang and Jinqiang Yang
Columbia Business School - Department of Economics, Columbia Business School - Finance and Economics and Shanghai University of Finance and Economics
Downloads 39 (473,943)
Citation 9

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39.

Optimal Consumption and Asset Allocation with Unknown Income Growth

Journal of Monetary Economics, Vol. 56, No. 4, pp. 524-534, 2009
Number of pages: 28 Posted: 26 Oct 2011
Neng Wang
Columbia Business School - Finance and Economics
Downloads 35 (492,036)
Citation 1

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40.

Optimal Consumption and Savings with Stochastic Income and Recursive Utility

NBER Working Paper No. w19319
Number of pages: 55 Posted: 10 Aug 2013
Chong Wang, Neng Wang and Jinqiang Yang
Naval Postgraduate School - Graduate School of Business and Public Policy, Columbia Business School - Finance and Economics and Shanghai University of Finance and Economics
Downloads 20 (577,155)
Citation 5

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41.

Rare Disasters, Financial Development, and Sovereign Debt

Downloads 5 (674,505)
Citation 2

Rare Disasters, Financial Development, and Sovereign Debt

NBER Working Paper No. w25031
Number of pages: 49 Posted: 17 Sep 2018
Sergio T. Rebelo, Neng Wang and Jinqiang Yang
Northwestern University - Kellogg School of Management, Columbia Business School - Finance and Economics and Columbia University
Downloads 5 (711,565)
Citation 2

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42.

Leverage Dynamics and Financial Flexibility

NBER Working Paper No. w26802
Number of pages: 60 Posted: 09 Mar 2020
Patrick Bolton, Neng Wang and Jinqiang Yang
Columbia Business School - Department of Economics, Columbia Business School - Finance and Economics and Columbia University
Downloads 5 (681,941)
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43.

A Q Theory of Internal Capital Markets

NBER Working Paper No. w27931
Number of pages: 62 Posted: 14 Oct 2020
Min Dai, Xavier Giroud, Wei Jiang and Neng Wang
National University of Singapore, Columbia Business School - Finance and Economics, Hong Kong University of Science and Technology and Columbia Business School - Finance and Economics
Downloads 2 (737,858)
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44.

Consumption and Asset Allocation with Unknown Income Growth

Posted: 16 Nov 2005
Neng Wang
Columbia Business School - Finance and Economics

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Incomplete markets, precautionary saving, Kalman filter, learning, regime switching, portfolio choice, hedging, estimation risk

45.

Caballero Meets Bewley: The Permanent-Income Hypothesis in General Equilibrium

American Economic Review, Vol. 93, No.3, pp. 927-936, June 2003
Posted: 05 Aug 2005
Neng Wang
Columbia Business School - Finance and Economics

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Precautionary saving, Permanent Income, Consumption, Income fluctuation

46.

Robust Permanent Income and Pricing with Filtering

Macroeconomic Dynamics, Vol. 6, pp. 40-84, 2002
Posted: 07 May 2005
Lars Peter Hansen, Thomas J. Sargent and Neng Wang
University of Chicago - Department of Economics, New York University (NYU) - Department of Economics, Leonard N. Stern School of Business and Columbia Business School - Finance and Economics

Abstract:

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Kalman filter, approximating model, Knightian uncertainty, robustness, equity premium, market price of uncertainty, permanent income

47.

Precautionary Saving and Partially Observed Income

Posted: 07 May 2005
Neng Wang
Columbia Business School - Finance and Economics

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Precautionary saving, separation principle, incomplete information, Kalman filter