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I am a Professor of Finance at the Lazaridis School of Business and Economics, Wilfrid Laurier University. I received my PhD in Finance from the Smith School of Business at Queen’s University and joined Laurier in 2011.
My research interests lie in empirical corporate finance and investments, with a particular focus on corporate innovation. My work has been published in leading finance and management journals, including the Journal of Financial Economics, Management Science, and the Journal of Financial and Quantitative Analysis.
Funded Research
- Social Sciences and Humanities Research Council of Canada (SSHRC) Insight Grant, 2024-2027, principal applicant (solo), $78,589.
- Social Sciences and Humanities Research Council of Canada (SSHRC) Insight Grant, 2019-2022, principal applicant, with Hongping Tan (co-applicant) and Li Yao (co-applicant), $94,126.
- Social Sciences and Humanities Research Council of Canada (SSHRC) Insight Development Grant, 2017-2019, co-applicant, with Li Yao (principal applicant), $47,788.
- Social Sciences and Humanities Research Council of Canada (SSHRC) Insight Development Grant, 2014-2016, co-applicant, with Kai Li (co-applicant) and Jiaping Qiu (principal applicant), $70,508.
- Social Sciences and Humanities Research Council of Canada (SSHRC) Insight Development Grant, 2012-2014, principal applicant, with Kee-Hong Bae (co-applicant) and Jun-Koo Kang (collaborator), $53,626.
- Canadian Securities Institute Research Foundation Scholarship, 2010-11, $25,000.
I welcome inquiries from students who are interested in pursuing research in empirical corporate finance.
"Should Firms Avoid Relying on Key Employees? Evidence from Inventors," solo work, European Financial Management, forthcoming.
"Inventor-base Concentration and Corporate Cash Holdings," solo work, International Review of Finance 2025: 25:e70005.
"Inter-firm Inventor Collaboration and Path-breaking Innovation: Evidence from Inventor Teams Post-merger," joint with Kai Li (University of Britsh Columbia), Journal of Financial and Quantitative Analysis 2023 (vol. 58): 1144-1171.
“Technology Conglomeration, Strategic Alliances, and Corporate Innovation,” joint work with Kai Li (University of British Columbia) and Jiaping Qiu (McMaster University), Management Science November 2019 (vol. 60): 4951-5448.
"Geography and Capital Structure," joint work with Xiaoqiao Wang (Nanjing University) and Lewis Johnson (Queen's University), Canadian Journal of Administrative Sciences March 2018 (vol. 35): 107 - 122.
“Does Increased Competition Affect Credit Ratings? A Reexamination of the Effect of Fitch’s Market Share on Credit Ratings in the Corporate Bond Market,” joint work with Kee-Hong Bae (York University) and Jun-Koo Kang (Nanyang Technological University), Journal of Financial and Quantitative Analysis October 2015 (vol. 50): 1011-1035.
"Why Do Firms in Customer-Supplier Relationships Hold More Cash?," joint work with Kee-Hong Bae (York University), International Review of Finance August 2015 (vol. 15): 489 - 520.
“Do Firms' Relationships with Principal Customers/Suppliers Affect Shareholders' Income?,” solo work, Journal of Corporate Finance September 2012 (vol. 18): 860 – 878.
“Employee Treatment and Firm Leverage: A Test of the Stakeholder Theory of Capital Structure,” joint work with Kee-Hong Bae (York University) and Jun-Koo Kang (Nanyang Technological University), Journal of Financial Economics April 2011 (vol. 100): 130 – 153.
Contact Info:
E: jwang@wlu.ca
T: 548.889.4505
F: 519.884.0201
Office location: LH4047
Office hours: By appointment.
Languages spoken: English, Mandarin