Liu Wang, PhD, CFA, CAIA, CFP®
Ryan Center for Business Studies 364
Ph.D. - Finance Old Dominion University
Dr. Liu Wang is Associate Professor of Finance at Providence College and Director of Research at Balanced Wealth Management. She is a CFA (Chartered Financial Analyst) charterholder, a CAIA (Chartered Alternative Investment Analyst) charterholder, and a Certified Financial Planner (CFP®). Dr. Wang teaches various courses at both undergraduate and graduate levels. Her primary research interests include asset valuation, investments, corporate finance and governance, entrepreneurial finance, and emerging markets. Dr. Wang is an author of over a dozen published papers and her work has been presented at more than 30 domestic and international conferences. She serves as a reviewer for seven leading academic journals and is the Associate Editor of the New England Journal of Entrepreneurship. Her research and dedication to the profession have been recognized with various awards, including the U.S. Northeast Chapter Best Paper Award from the Academy of International Business, the Research Excellence Award from Providence College, the Fletcher Bowl Award from the CFA Society Providence, the Best Reviewer Award presented by the Academy of International Business, and the “Merton H. Miller” Distinguished Ph.D. Research Seminar Mentor awarded by the European Financial Management Association. In addition to being a prolific scholar, Dr. Wang also serves as Board of Directors for many local and international organizations, including the CFA Society Providence, WaterFire Providence, RIACAP, Coastline EAP, and Haozhong Information Technology Co., Ltd.
Area(s) of Expertise:
Investments and Corporate Finance
Awards and Honors:
U.S. Northeast Chapter Best Paper Award 2019, Academy of International Business
Research Excellence Award 2015, 2019, Providence College School of Business
Fletcher Bowl Award 2015, 2016, 2018, CFA Society Providence
Distinguished PhD Research Seminar Mentor, European Financial Management Association
Best Reviewer Award, Academy of International Business
Wang, L. (2019) Do Investors Care about Earnings Quality? The Case of Chinese Reverse Mergers. Pacific-Basin Finance Journal.(55), 82-94.
Wang, L. (2018) Stock Market Valuation, Foreign Investment, and Cross-Country Arbitrage. Global Finance Journal.(40), 74-84.
Wang, L. Li, S. (2018) Determinants of Foreign Direct and Indirect Investments: A Comparative Analysis Between Emerging and Mature Markets. International Journal of Emerging Markets.(13), 1330–1347.
Maxfield, S. Wang, L. Magaldi de Sousa, M. (2016) The Effectiveness of Bank Governance Reforms in the Wake of the Financial Crisis: A Stakeholder Approach. Journal Of Business Ethics.(150), 485–503.
Doukas, J. Wang, L. (2014) Does the Bonding Effect Matter in a More Integrated Capital Market World?. Journal Of International Money And Finance.(47), 162-184.
Muller-Kahle, M. Wang, L. Wu, J. (2014) Board Structure: An Empirical Study of Firms in Anglo-American Governance Environments. Managerial Finance.(40(7)), 681-699.
Wang, L. Muller-Kahle, M. Jiang, C. (2014) The Value of Earnings Quality in Emerging Markets: What Can We Learn from Different Earnings Management Approaches?. Journal of International Finance and Economics.(14), 123-134.
Wang, L. (2013) Does Corporate Governance Matter in Weak Governance Environment? Evidence on Stock Price Informativeness. Journal of International Finance Studies.(13), 153-162.
Doukas, J. Wang, L. (2013) Information Asymmetry, Price Discovery, and the Chinese B-Share Discount Puzzle. Pacific-Basin Finance Journal.(21), 1116-1135.
Wang, L. Judge, W. (2012) Managerial Ownership and the Role of Privatization in Transition Economies: The Case of China. Asia Pacific Journal Of Management.(29), 479–498.
Wang, L. Yung, K. (2011) Do State Enterprises Manage Earnings More than Privately Owned Firms? The Case of China. Journal Of Business Finance & Accounting.(8), 794–812.
Li, S. Selover, D. Stein, M. Wang, L. (2010) Keep Silent, Make Money: Can Chinese Firms' Financial Data be Trusted?. Hong Kong Economic Journal.(398), 88-90.
Wang, L. Academy of International Business (AIB) U.S. Northeast Chapter. , Newark, NJ - "Does Being Socially Responsible Help Firms Survive in Disrupted Industries?" October, 2019
Wang, L. Maxfield, S. European Financial Management Association (EFMA) 2018 Annual Meeting. , Milan, Italy - "The Impact of Socially Responsible Investing: What Can We Learn from Different Performance Measures?" June, 2018
Wang, L. Financial Management Association (FMA) 2017 Annual Meeting. , Boston - "Foreign Listing, Earnings, and Stock Valuation: What is The Missing Link?" October, 2017
Wang, L. European Financial Management Association (EFMA) 2017 Annual Meeting. , Athens, Greece - "Do Investors Care about Earnings Quality? An Empirical Analysis on Firm Valuation and Stock Performance" July, 2017
Wang, L. European Financial Management Association (EFMA) 2016 Annual Meeting. , Basel, Switzerland - "Stock Market Valuation, Foreign Investment, and Cross-Country Arbitrage" July, 2016
Wang, L. Asian Finance Association (AsianFA) 2015 Annual Meeting. , Hunan, China - "Does Earnings Quality Matter? The Case of Chinese Reverse Mergers" July, 2015
Wang, L. Academy of International Business (AIB) 2014 Northeast Chapter. , Providence, RI - "Reverse Merger versus ADR: What Can We Learn from International Listing Choices?" November, 2014
Wang, L. International Academy of Business & Economics (IABE) 2013 Annual Meeting. , Las Vegas, NV - "Does Corporate Governance Matter in Weak Governance Environment? Evidence on Stock Price Informativeness" October, 2013
Wang, L. Academy of International Business (AIB) 2012 Annual Meeting. , Washington DC - "U.S. Listing and International Asset Pricing: The Absence of Cross-Listing Premiums" July, 2012
Wang, L. Southern Finance Association (SFA) 2011 Annual Meeting. , Key West, FL - "What Happens When Misvalued Firms List in the U.S.?" November, 2011
Wang, L. Financial Management Association (FMA) 2010 Annual Meeting. , New York, NY - "Cross-Listing and the Value of Bonding under Increased Market Integration" October, 2010
Wang, L. Financial Management Association (FMA) 2010 Annual Meeting. , New York, NY - "Information Asymmetry, Price Discovery, and the Chinese B-Share Discount Puzzle" October, 2010
Wang, L. Southern Finance Association (SFA) 2009 Annual Meeting. , Captiva Island, FL - "State Block Shareholder, Earnings Management and Firm Value" November, 2009
Wang, L. Financial Management Association (FMA) 2009 Annual Meeting. , Reno, NV - "Cross-Market Interdependence under Increased Market Integration" October, 2009
Wang, L. Academy of International Business (AIB) 2009 Annual Meeting. , San Diego, CA - "The Law of One Price: Evidence from the Chinese Stock Market Integration" June, 2009
Wang, L. Financial Management Association (FMA) 2008 Annual Meeting. , Dallas, TX - "Cross-Listing, Disclosure, and the Information Content in Stock Pricing: Evidence from an Emerging Market" October, 2008
Wang, L. Academy of International Business (AIB) 2008 Annual Meeting. , Milan, Italy - "The Marriage between Two Research Paths: Agency Theory and International Marketing" July, 2008