Wei Wang

Visiting Associate Professor

Contact Information

Primary Email:
weiwang4@wharton.upenn.edu
Alternate 1 Email:
wwang@queensu.ca

office Address:
2455 Steinberg Hall – Detrich Hall

Research Interests: bankruptcy restructuring, creditor control rights, distressed investing, and corporate governance

Links: CV, Personal Website

Overview

Dr. Wei Wang is a visiting associate professor in the Finance Department at Wharton, and an associate professor and distinguished faculty fellow of finance at Smith School of Business of Queen’s University in Canada. He is also the director of Master of Finance – Beijng (Renmin-Queen’s Master of Finance) program at Smith School of Business.

His research interests are in bankruptcy restructuring, creditor control rights, distressed investing, and corporate governance. His research articles have been published in top finance journals such as the Journal of Finance and Journal of Financial Economics, and featured in media such as the Wall Street Journal, Dow Jones Newswires, South China Morning Post, The Globe and Mail, and Business Week. He has acted as a presenter or discussant at over 50 conferences and seminars. He has written a number of finance cases for Harvard Business School and was nominated for teaching excellence at Smith School of Business. Dr. Wang was a visiting associate professor at the Hong Kong University of Science and Technology Business School from 2015 to 2016. He worked in commodity derivative trading and financial engineering prior to his academic career.

Research

Karin Thorburn, Edith Hotchkiss, Wei Wang (2023), The changing face of Chapter 11 bankruptcy: Insights from recent trends and research, Annual Review of Financial Economics, 15 (), pp. 351-367. Abstract
Several recent trends have reshaped the nature of bargaining in Chapter 11. These include increasingly complex prebankruptcy capital structures, decreasing time in Chapter 11 due to prepacks and prenegotiated plans, growing use of restructuring support agreements (RSAs) and sales of substantially all assets, an increased number of defaulting private equity–owned firms, and an increase in activity of specialized distressed debt investors. These trends have changed the balance of power in favor of senior secured lenders, who further shape the course of out-of-court negotiations. We examine evidence of the impact of these changes on important stakeholders, including creditors and workers.
Meeta Prasad Kerlin, Dylan Small, Barry Fuchs, Mark Mikkelsen, Wei Wang, Teresa Tran, Stefania Scott, Aerielle Belk, Jasmine Silvestri, Tamar Klaiman, Scott Halpern, Rinad Beidas (2021), Implementing Nudges to Promote Utilization of low Tidal volume ventilation (INPUT): A stepped-wedge, hybrid type III trial of strategies to improve evidence-based mechanical ventilation management, Implementation Science , 16 (1), pp. 1-12.
Winston Wei Dou, Luke Taylor, Wei Wang, Wenyu Wang (Working), Dissecting Bankruptcy Frictions.
Jeffrey H. Silber, Paul R. Rosenbaum, Samuel Pimentel, Shawna Calhoun, Wei Wang, James Sharpe, Joseph Reiter, Shivani Shah, Lauren Hochman, Orit Even-Shoshan (2019), Comparing resource use in medical admissions of children with complex chronic conditions, Medical Care, 57 (8), pp. 615-624.
Wei Wang (2017), Debtor-in-Possession Financing, Loan-to-Loan, and Loan-to-Own, , 39 (), pp. 121-138.
Wei Wang (2017), Provision of Management Incentives in Bankrupt Firms, Journal of Law, Finance, and Accounting.

Activity

Latest Research

Karin Thorburn, Edith Hotchkiss, Wei Wang (2023), The changing face of Chapter 11 bankruptcy: Insights from recent trends and research, Annual Review of Financial Economics, 15 (), pp. 351-367.

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