Li Wang

Assistant Professor
Banking and Finance Department
Weatherhead School of Management

Li Wang, PhD, assistant professor of banking and finance, joined Weatherhead School of Management in 2016. Wang’s research interest focuses on empirical asset pricing. Specifically, she studies relations between derivatives markets and underlying equity or commodity market, market microstructure, and security lending. Her research “New Evidence on Financialization of Commodity Markets” has been published at the Review of Financial Studies as a lead article selected by the editor. She has given presentations and held discussions at the annual conference of Financial Management Association (FMA) and the annual conference of Southern Financial Association (SFA).
Wang teaches corporate finance and applications in financial Big Data at the Weatherhead School of Management. Prior to this, she has taught at University of Illinois and Rochester Institute of Technology. In the classroom, she emphasizes understanding fundamental concepts, but keeps open communication to facilitate feedback and interaction.

Wang has received numerous academic awards including the American Finance Association Travel Grant, Best Derivatives Paper Award at the SFA, and Van Arsdell teaching award at the University of Illinois.

Initially Appointed: 2016

Curriculum Vita

Education

PhD
University of Illinois at Urbana-Champaign
2015
Master of Science
University of Maryland at College Park
2009
Master of Arts
Renmin University of China
2006
Bachelor of Arts
Renmin University of China
2004

Teaching Information

Courses Taught

  • Applications in Financial Big Data
  • Python Programming w Appl in Finance

Office Hours

By Appointment Only

Research Information

Research Interests

  • Empirical Asset Pricing
  • Derivatives
  • Behavioral Finance

Awards and Honors

  • Weatherhead Emerging Impact Award
    2017
    Weatherhead School of Management
  • Best Derivatives Paper Award
    2014
    SFA annual meeting
  • Corzine Fellowship
    2013
    University of Illinois at Urbana-Champaign
  • Van Arsdell Teaching Award
    2012
    University of Illinois at Urbana-Champaign
  • American Finance Association Travel Grant
    2012
    AFA annual meetings
  • Samsung Graduate Scholarship
    2005
    Renmin University of China

External Appointments

  • Untenured Observer, Appointment Committee, 2021 - 2022
  • Organizer, BAFI Research Seminar, 2019 - 2022
  • Reviewer, Journal Article, Journal of Futures Market, 2019 - 2020
  • Reviewer, Journal Article, Journal of Empirical Finance, 2018 - 2019
  • Reviewer, Journal Article, Management Science, 2017 - 2019
  • Committee Member, Department Faculty Recruitment, 2016 - 2017

Publications

  • Wang, L. , Pearson, N. D., Henderson, B. J.
    Retail Derivatives and Sentiment: A Sentiment Measure Constructed from Issuances of Retail Structured Equity Products    Journal of Finance
  • Henderson, B. , Pearson, N. , Wang, L. (2020).
    Pre-Trade Hedging: Evidence from the issuance of retail structured products   Journal of Financial Economics
  • Henderson, B. J., Pearson, N. D., Wang, L. (2015).
    New Evidence on the Financialization of Commodity Markets  (vol. 28, pp. 1285-1311, 2015) Oxford University Press: Review of Financial Studies

Presentations

  • Wang, L. (Presenter & Author)  2021 Conference on Derivatives and Volatility, "Retail Derivatives and Sentiment: A Sentiment Measure Constructed from Issuances of Retail Structured Equity Products", Cboe Global Markets and FMA, Chicago. (2021).
  • Wang, L. (Presenter & Author)  FMA Annual meeting 2021, "Retail Derivatives and Sentiment: A Sentiment Measure Constructed from Issuances of Retail Structured Equity Products", FMA, Denver, Colorado. (2021).
  • Wang, L. (Author Only)  MFA Annual Meeting 2021, "Retail Derivatives and Sentiment: A Sentiment Measure Constructed from Issuances of Retail Structured Equity Products", MFA, Virtual. (2021).
  • Wang, L. (Presenter & Author)  AFA Annual Meeting 2021, "Retail Derivatives and Sentiment: A Sentiment Measure Constructed from Issuances of Retail Structured Equity Products", AFA, Virtual. (2021).
  • Wang, L.  Colorado Finance Summit, "Pre-Trade Hedging", University of Colorado's Leeds School of Business, (2017).