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Xiaoli Wang
Associate Professor of Finance
Bio
Dr. Wang is an Associate Professor of Finance in Marist’s School of Management. Before joining the College, she worked in the financial industry for many years, holding leading research positions in top financial companies including Bear Stearns, Banc of America Securities, and Hagan Investment Management. Her research covers a broad range, including theoretical and empirical finance, portfolio construction, and asset pricing. Dr. Wang has many refereed publications in prestigious journals such as Review of Quantitative Finance and Accounting, Review of Financial Economics, Journal of Investing, and Journal of Asset Management.
Education
PhD, Finance, Rutgers University (State University of New Jersey), 2006
MBA, Rutgers University, 2006
BS, Xi’an Jiaotong University (China), 1996
Research Interests / Areas of Study
Dr. Wang has broad research interests, including theoretical and empirical corporate finance, portfolio construction, and asset pricing.
Selected Publications
Wang, Xiaoli, Will firm quality determine the relationship between stock return and idiosyncratic volatility? A New Investigation of Idiosyncratic Volatility, Journal of Asset Management, 2017, Vol. 18, No. 5, pp. 388-404.
Wang, Xiaoli, Long, Michael S, Chen, Ren-raw and Jingfeng Zhang, Economic Growth Potential Creating Real Unwritten Calls and the Resulting Valuation of the Firm, Review of Quantitative Finance and Accounting, Vol. 47, No. 3, 2016, pp. 453-474.
Wang, Xiaoli and Wendy Simi, -- Flight to Safety and Quality during Recession? -An Investigation of Equity Strategy during Recession Periods, “Journal of International Finance and Economics”, Vol. 16, No. 3, 2016, pp. 97-106.
Tan, Yi and Xiaoli Wang, --Investigating the Motivations of VC Syndication in China --- Do Chinese Leading VC Firms Make a Difference in terms of Syndication Decision, International Journal of Economics and Finance,Vol. 8, No. 6, 2016, pp. 78-88.
Wang, Xiaoli and Wei Simi, 2015, Pricing of Corporate Liquidity -- Understanding Fair Value During Liquidity and Credit Crises, Journal of Investing, Vol. 24, No. 3, 2015, pp. 46-60.
Wang, Xiaoli, An Empirical Analysis of Lead-Lag Relationship of the Movements of Various Financial Markets, Accounting and Finance Research, 2016, Vol. 4, No. 2, 2015, pp. 60-77.
Wang, Xiaoli, Chen, Angela Hsiang-Ling and Jason Zu-Hsu Lee, 2013, Information Decay and Firm Valuation – Evidence from Taiwan’s Biotech Industry, Journal of Accounting and Finance, Vol. 14, No. 3, 2014,pp. 90-99.
Simi, Wei and Wang, Xiaoli, 2013, Time-Changed Lévy Jump Processes with GARCH Model on Reverse Convertibles, Review of Financial Economics, Vol. 22, 2013, pp. 206-212.
Chen, Angela Hsiang-Ling, Xiaoli Wang, Jason Zu-Hsu Lee, Chun-Yuan Fu, 2013, Biotech firm valuation in an emerging market – evidence from Taiwan, Asia-Pacific Journal of Business Administration, Vol. 5 No. 2, 2013, pp. 92 – 102.
Wang, Xiaoli, Entrepreneurial Spirit and Asset Allocation from a Risk Perspective, Finance Research, 2012, Vol. 1, No. 1, 2012, pp. 4-11.
Hassan, Mahmud, Dilip Patro, Howard Tuckman and Xiaoli Wang, 2007, Do Mergers and Acquisitions Create Value in the Pharmaceutical Industry? International Journal of Pharmaceutical and Healthcare Marketing, Vol. 1, No. 1, pp. 58-78. Winner of Emerald Literati Network 2008 Awards for Excellence (Highly Commended Award).
Sopranzetti, Ben J., Emilio Venezian and Xiaoli Wang, 2006, The Market for New Issues: Impact of Offering Price on Price Support and Under Pricing, Review of Quantitative Finance and Accounting, Vol. 26, No. 2, pp. 165-176.
Selected Presentations
A New Investigation of Idiosyncratic Volatility, 2016 Eastern Finance Association (EFA) Annual Conference in Baltimore, Maryland, 2016.
Investigating the Motivations of VC Syndication in China --- Do Chinese Leading VC Firms Make a Difference in terms of Syndication Decision, 2016 Eastern Finance Association (EFA) Annual Conference in Baltimore, Maryland, 2016.
Flight to Safety and Quality During Recession? -An Investigation of Equity Strategy during Recession Periods, NBEA 42nd Annual Conference in New York, 2015.
Institutional learning, Cultural Differences and the Motivation of Syndication among Cross-boards Venture Capital Firms, NBEA 42nd Annual Conference in New York, 2015.
A New Investigation of Idiosyncratic Volatility, NBEA 41th Annual Conference, in New Jersey, 2014, Winner of the Junior Faculty Best Paper Award.
An Empirical Analysis of Lead-Lag Relationship of the Movements of Various Financial Markets, 2014 Eastern Finance Association (EFA) annual conference in Pennsylvania, 2014.
Information Decay and Firm Valuation – Evidence from Taiwan’s Biotech Industry, NBEA 40th Annual Conference, in New Hampshire, 2013.
Pricing of Corporate Liquidity -- Understanding Fair Value During Liquidity and Credit Crises, 2013 South West Finance Association (SWFA) Conference, in New Mexico, 2013.
The Valuation of Firms in Taiwan’s Biotech Industry, 19th Annual Global Finance Conference, Global Finance Association, Chicago, 2012.