Associate Professor of
1208 University Street
My research has spanned the areas of delegated portfolio management, corporate finance, and asset pricing, with two central themes:
1) The functioning and issues of the asset management industry;
2) The effects of economic fundamentals (including firm characteristics, industry competition, and macroeconomic conditions) on corporate investment/financial decisions and expected stock returns.
Youchang Wu, Russ Wermers, and Josef Zechner, 2016, Review of Financial Studies, vol. 29, no.12, 3428-3470.
David P. Brown and Youchang Wu, 2016, Mutual Fund Flows and Cross-Fund Learning Within Families, Journal of Finance, vol. 71, no.1, 383-424.
Thomas Dangl and Youchang Wu, 2016, Corporate Investment over the Business Cycle, Review of Finance, vol. 20, no.1, 337-371.
Neal Stoughton, Youchang Wu, and Josef Zechner, 2011, Intermediated Investment Management, Journal of Finance, vol. 66, no. 3, 947-980.
Thomas Dangl, Youchang Wu, and Josef Zechner, Market Discipline and Internal Governance in the Mutual Fund Industry, Review of Financial Studies, 2008, vol. 21, no. 5, 2307-2343.
Presented at EFA, SFS Finance Cavalcade, Entrepreneurial Finance and Innovation Conference, FIRS, CICF.
Presented at FIRS, CICF.
Russ Wermers, Youchang Wu, and Josef Zechner, 2008, Portfolio Performance, Discount Dynamics, and the Turnover of Closed-End Fund Managers.
Presented at AFA, WFA, EFA, CICF.
Rong Cui and Youchang Wu, 2007, Disentangling Liquidity and Size Effects in Stock Returns: Evidence from China.
Presented at CICF, EFMA.
(Undergraduate & MBA)
Advanced Derivative Securities (Quantitative Master of Finance)
Asset Pricing Seminar I(PhD)
My textbook (in Chinese): coauthored with published by Shanghai People's Publishing House in 1999. While some updates are long overdue, the book is still regularly reprinted by the publisher (recently by Truth & Wisdom Press and Shanghai People's Publishing House). According to China's largest online bookstore www.dangdang.com, it is still a popular textbook on money and banking in China ().