Youchang Wu is assistant professor of finance at Wisconsin School of Business, University of Wisconsin-Madison. His research focuses on financial intermediaries such as mutual funds, hedge funds, and financial advisers. He also works in the areas of corporate finance and empirical asset pricing. His research has been published in Journal of Finance and Review of Financial Studies, and presented at numerous workshops and international conferences, including the annual meetings of American Finance Association, Western Finance Association, and European Finance Association.
Before joining University of Wisconsin, Youchang Wu was on the faculty of University of Vienna, where he received his Ph.D in finance. Prior to his Ph.D, he was a lecturer at Beijing University, where he received his master and bachelor degrees in economics, and coauthored (with Gang Yi) a popular textbook on money and banking in Chinese.
Selected Published Journal Articles
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
Western Finance Association Meetings 2013
Managerial Rents and Shareholder Value in Delegated Portfolio Management: The Case of Closed-End Funds
European Winter Finance Summit 2013
Corporate Investment Over the Business Cycle
Financial Management Association annual meeting 2012
Corporate Investment Over Uncertain Business Cycles
Financial Engineering and Risk Management International Symposium
Corporate Investment Over Uncertain Business Cycles
Workshop, Karlsruhe University
Corporate Investment Over Uncertain Business Cycles
Financial Intermediation Research Association 2012
The Dynammics of Hedge Fund Fees
Financial Intermediation Research Society meetings 2012
Corporate Investment Over Uncertain Business Cycles
Workshop, Vienna Graduate School of Finance
Mutual Fund Families and Performance Evalution
Utah Winter Finance Conference 2012
Mutual Fund Families and Performance Evaluation
American Finance Association Meetings 2012
Mutual Fund Families and Performance Evaluation
Annual Meeting of Financial Economics and Accounting 2011
The Dynamics of Hedge Fund Fees
Workshop, UW Madison Department of Economics
Corporate Investment Over Uncertain Business Cycles
Workshop, UW Madison Department of Finance
Corporate Investment Over Uncertain Business Cycles
China International Conference in Finance 2011
Mutual Fund Families and Performance Evaluation
China International Conference in Finance 2011
Corporate Investment Over Uncertain Business Cycles
China International Conference in Finance 2011
The Dynamics of Hedge Fund Fees
Workshop, Cheung Kong Graduate School of Business
Corporate Investment Over Uncertain Business Cycles
Workshop, Hong Kong University
Corporate Investment Over Uncertain Business Cycles
Western Finance Association Meetings 2011
Mutual Fund Families and Performance Evaluation
Workshop, University of New South Wales
The Dynamics of Hedge Fund Fees
Workshop, University of Technology Sydney
Mutual Fund Families and Performance Evaluation
Financial Intermediation Research Society Meetings 2011
Mutual Fund Families and Performance Evaluation
Workshop, University of Illinois, Chicago
Mutual Fund Families and Performance Evaluation
Workshop, University of Wisconsin-Madison Department of Finance
Mutual Fund Families and Performance Evaluation
Workshop - UW Madison Department of Statistics
Mutual fund families and performance evaluation
Workshop, University of Illinois, Urbana-Champaign
Mutual Fund Families and Performance Evaluation
American Finance Association meetings 2009
Intermediated Investment Management
Financial Intermediation Research Society Conference 2008
Intermediated Investment Management
American Finance Association meetings 2008
Portfolio Performance, Discount Dynamics, and the Turnover of Closed-End Fund Managers
European Finance Association meetings 2007
Intermediated Investment Management
China International Conference in Finance 2007
Disentangling Liquidity and Size Effects in Stock Returns: Evidence from China
China International Conference in Finance 2007
Intermediated Investment Management
Western Finance Association Meetings 2007
Intermediated Investment Management
European Finance Association meetings 2006
Portfolio Performance, Discount Dynamics, and the Turnover of Closed-End Fund Managers
Financial Intermediation Research Society Conference 2006
Portfolio Performance, Discount Dynamics, and the Turnover of Closed-End Fund Managers
Western Finance Association meetings 2006
Portfolio Performance, Discount Dynamics, and the Turnover of Closed-End Fund Managers
American Finance Association meetings 2006
Market discipline and internal governance in the mutual fund industry
Undergraduate Courses
Derivative SecuritiesPricing and uses of options, futures, and forward contracts.
(FIN 330 Section 1), Spring 2012.
Derivative SecuritiesPricing and uses of options, futures, and forward contracts.
(FIN 330 Section 2), Spring 2012.
Derivative SecuritiesPricing and uses of options, futures, and forward contracts.
(FIN 330 Section 1), Fall 2012.
Derivative SecuritiesPricing and uses of options, futures, and forward contracts.
(FIN 330 Section 2), Fall 2012.
Derivative SecuritiesPricing and uses of options, futures, and forward contracts.
(FIN 330 Section 3), Fall 2012.
Graduate Courses
Advanced Derivative SecuritiesThis 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.