Wisconsin School of Business

Youchang Wu

Assistant Professor - Finance

Youchang Wu is assistant professor of finance at Wisconsin School of Business, University of Wisconsin-Madison. His areas of research include institutional investors; corporate investment and financial policies; and empirical asset pricing. His work has been published in leading finance journals including Journal of Finance, Review of Financial Studies, and Review of Finance.

Professor Youchang Wu received his PhD in finance at the University of Vienna, master and bachelor degrees in economics at Peking University, and has taught at both universities. He served as a visiting financial economist at the U.S. Securities and Exchange Commission in the 2014-2015 academic year, and is currently on leave from UW-Madison.

 

Selected Published Journal Articles


Dangl, T. & Wu, Y. (2016). Corporate Investment Over the Business Cycle. Review of Finance (20), 337-371.
Brown, D. & Wu, Y. (2016). Mutual Fund Flows and Cross-Fund Learning Within Families. Journal of Finance (71), 383–424.
Stoughton, N. & Wu, Y. & Zechner, J. (2011). Intermediated Investment Management. Journal of Finance (66), 947-980.
Dangl, T. & Wu, Y. & Zechner, J. (2008). Market Discipline and Internal Governance in the Mutual Fund Industry. Review of Financial Studies (21), 2307-2343.

Presentations


Entrepreneurial Finance and Innovation Conference ( 2014 ) Entrepreneurial Finance and Innovation Conference

Seminar, University of Rhode Island ( 2014 ) Asset Volatility and Financial Policy: Evidence from Corporate Mergers

Seminar, Georgetown University ( 2014 ) Asset Volatility and Financial Policy: Evidence from Corporate Mergers

Seminar, Securities and Exchange Commission ( 2014 ) Asset Volatility and Financial Policy: Evidence from Corporate Mergers

Seminar, University of Oregon ( 2014 ) Asset Volatility and Financial Policy: Evidence from Corporate Mergers

Seminar, Virginia Tech ( 2014 ) Asset Volatility and Financial Policy: Evidence from Corporate Mergers

China International Conference in Finance ( 2014 ) Industry Competition, Winner's Advantage, and Cash Holdings

SFS Finance cavalcade ( 2014 ) Industry Competition, Winner's Advantage, and Cash Holdings

Seminar, Securities and Exchange Commission ( 2014 ) Industry Competition, Winner’s Advantage, and Cash holdings

Seminar, University of Maryland ( 2013 ) Industry Competition, Winner’s Advantage, and Cash holdings

European Finance Association Meetings 2013 ( 2013 ) Managerial Rents vs. Shareholder Value in Delegated Portfolio Management: The Case of Closed-end Funds

Recent Advances in Mutual Fund Research ( 2013 ) Managerial Rents vs. Shareholder Value in Delegated Portfolio Management: The Case of Closed-end Funds

China International Conference in Finance ( 2013 ) Managerial Rents vs. Shareholder Value in Delegated Portfolio Management: The Case of Closed-end Funds

RSM Erasmus University Professional Asset Management Conference ( 2013 ) Managerial Rents vs. Shareholder Value in Delegated Portfolio Management: The Case of Closed-end Funds

Western Finance Association Meetings 2013 ( 2013 ) Managerial Rents and Shareholder Value in Delegated Portfolio Management: The Case of Closed-End Funds

Seminar, University of Northern Illinois ( 2013 ) Variance Regime, Variance Risk premium, and Stock Returns: Evidence from a Hidden Markov Model

University of Cologne Colloquium on Financial Market ( 2013 ) Managerial Rents vs. Shareholder Value in Delegated Portfolio Management: The Case of Closed-end Funds

Seminar, Vienna Graduate School of Finance ( 2013 ) Managerial Rents vs. Shareholder Value in Delegated Portfolio Management: The Case of Closed-end Funds

Seminar, University of Lugano ( 2013 ) Managerial Rents vs. Shareholder Value in Delegated Portfolio Management: The Case of Closed-end Funds

European Winter Finance Summit 2013 ( 2013 ) Corporate Investment Over the Business Cycle

Financial Management Association annual meeting 2012 ( 2012 ) Corporate Investment Over Uncertain Business Cycles

Financial Engineering and Risk Management International Symposium ( 2012 ) Corporate Investment Over Uncertain Business Cycles

Workshop, Karlsruhe University ( 2012 ) Corporate Investment Over Uncertain Business Cycles

Financial Intermediation Research Association 2012 ( 2012 ) The Dynammics of Hedge Fund Fees

Financial Intermediation Research Society meetings 2012 ( 2012 ) Corporate Investment Over Uncertain Business Cycles

Workshop, Vienna Graduate School of Finance ( 2012 ) Mutual Fund Families and Performance Evalution

Utah Winter Finance Conference 2012 ( 2012 ) Mutual Fund Families and Performance Evaluation

American Finance Association Meetings 2012 ( 2012 ) Mutual Fund Families and Performance Evaluation

Annual Meeting of Financial Economics and Accounting 2011 ( 2011 ) The Dynamics of Hedge Fund Fees

Workshop, UW Madison Department of Economics ( 2011 ) Corporate Investment Over Uncertain Business Cycles

Workshop, UW Madison Department of Finance ( 2011 ) Corporate Investment Over Uncertain Business Cycles

China International Conference in Finance 2011 ( 2011 ) Mutual Fund Families and Performance Evaluation

China International Conference in Finance 2011 ( 2011 ) Corporate Investment Over Uncertain Business Cycles

China International Conference in Finance 2011 ( 2011 ) The Dynamics of Hedge Fund Fees

Workshop, Cheung Kong Graduate School of Business ( 2011 ) Corporate Investment Over Uncertain Business Cycles

Workshop, Hong Kong University ( 2011 ) Corporate Investment Over Uncertain Business Cycles

Western Finance Association Meetings 2011 ( 2011 ) Mutual Fund Families and Performance Evaluation

Workshop, University of New South Wales ( 2011 ) The Dynamics of Hedge Fund Fees

Workshop, University of Technology Sydney ( 2011 ) Mutual Fund Families and Performance Evaluation

Financial Intermediation Research Society Meetings 2011 ( 2011 ) Mutual Fund Families and Performance Evaluation

Workshop, University of Illinois, Chicago ( 2011 ) Mutual Fund Families and Performance Evaluation

Workshop, University of Wisconsin-Madison Department of Finance ( 2010 ) Mutual Fund Families and Performance Evaluation

Workshop - UW Madison Department of Statistics ( 2010 ) Mutual fund families and performance evaluation

Workshop, University of Illinois, Urbana-Champaign ( 2010 ) Mutual Fund Families and Performance Evaluation

American Finance Association meetings 2009 ( 2009 ) Intermediated Investment Management

Financial Intermediation Research Society Conference 2008 ( 2008 ) Intermediated Investment Management

American Finance Association meetings 2008 ( 2008 ) Portfolio Performance, Discount Dynamics, and the Turnover of Closed-End Fund Managers

European Finance Association meetings 2007 ( 2007 ) Intermediated Investment Management

China International Conference in Finance 2007 ( 2007 ) Disentangling Liquidity and Size Effects in Stock Returns: Evidence from China

China International Conference in Finance 2007 ( 2007 ) Intermediated Investment Management

Western Finance Association Meetings 2007 ( 2007 ) Intermediated Investment Management

European Finance Association meetings 2006 ( 2006 ) Portfolio Performance, Discount Dynamics, and the Turnover of Closed-End Fund Managers

Financial Intermediation Research Society Conference 2006 ( 2006 ) Portfolio Performance, Discount Dynamics, and the Turnover of Closed-End Fund Managers

Western Finance Association meetings 2006 ( 2006 ) Portfolio Performance, Discount Dynamics, and the Turnover of Closed-End Fund Managers

American Finance Association meetings 2006 ( 2006 ) Market discipline and internal governance in the mutual fund industry


Undergraduate Courses


Derivative Securities
Course DescriptionPricing and uses of options, futures, and forward contracts.
(FIN 330 Section 1), Spring 2009.

Derivative Securities
Course DescriptionPricing and uses of options, futures, and forward contracts.
(FIN 330 Section 2), Spring 2009.

Derivative Securities
Course DescriptionPricing and uses of options, futures, and forward contracts.
(FIN 330 Section 3), Spring 2009.

Derivative Securities
Course DescriptionPricing and uses of options, futures, and forward contracts.
(FIN 330 Section 1), Spring 2010.

Derivative Securities
Course DescriptionPricing and uses of options, futures, and forward contracts.
(FIN 330 Section 2), Spring 2010.

Derivative Securities
Course DescriptionPricing and uses of options, futures, and forward contracts.
(FIN 330 Section 1), Spring 2011.

Derivative Securities
Course DescriptionPricing and uses of options, futures, and forward contracts.
(FIN 330 Section 2), Spring 2011.

Derivative Securities
Course DescriptionPricing and uses of options, futures, and forward contracts.
(FIN 330 Section 3), Spring 2011.

Derivative Securities
Course DescriptionPricing and uses of options, futures, and forward contracts.
(FIN 330 Section 1), Fall 2013. Download Syllabus

Derivative Securities
Course DescriptionPricing and uses of options, futures, and forward contracts.
(FIN 330 Section 1), Spring 2012.

Derivative Securities
Course DescriptionPricing and uses of options, futures, and forward contracts.
(FIN 330 Section 2), Spring 2012.

Derivative Securities
Course DescriptionPricing and uses of options, futures, and forward contracts.
(FIN 330 Section 1), Fall 2012.

Derivative Securities
Course DescriptionPricing and uses of options, futures, and forward contracts.
(FIN 330 Section 2), Fall 2012.

Derivative Securities
Course DescriptionPricing and uses of options, futures, and forward contracts.
(FIN 330 Section 3), Fall 2012.

Derivative Securities
Course DescriptionPricing and uses of options, futures, and forward contracts.
(FIN 330 Section 2), Fall 2013.

Derivative Securities
Course DescriptionPricing and uses of options, futures, and forward contracts.
(FIN 330 Section 3), Fall 2013.



Graduate Courses


Seminar-Workshop in Finance (FIN 973), Fall 2008.

Advanced Derivative Securities
Course DescriptionThis course covers the design of new financial securities, advanced techniques for pricing and measuring the risks of derivative securities, and strategies employing derivative securities. Applications include the pricing and use of swaps, mortgage-backed
(FIN 830 Section 1), Spring 2012. Download Syllabus



Photograph of Youchang Wu

Youchang Wu

 
Assistant Professor | Finance
(608) 890-2595
5274C Grainger Hall