• Assistant Professor of Finance, University of Illinois at Urbana-Champaign, 2005–2012

Z. Jay Wang is an associate professor in the Department of Finance and Alumni Investment Management Research Scholar at the Lundquist College of Business. His expertise includes asset management, institutional investors, and market liquidity. His research has been published in journals such as Journal of Financial Economics, Review of Financial Studies, Journal of Financial Quantitative Analysis, Journal of Financial Intermediation, and Contemporary Accounting Research.

Wang received two PhD degrees in finance and economics from University of Michigan at Ann Arbor and Iowa State University respectively. Before joining the Lundquist College, he was an assistant professor of finance at the University of Illinois at Urbana-Champaign. He also held a position as a research economist for the National Bureau of Economic Research from 2015 to 2017.

• PhD, Finance, University of Michigan, 2004
• PhD, Economics, Iowa State University, 2000
• MS, Statistics, Iowa State University, 1998
• BA, Economics, Peking University, 1994

• Asset management
• Institutional investors
• Market liquidity

• Deuskar, Prachi, Zhi Wang, Youchang Wu, and Quoc Nguyen. "The Dynamics of Hedge Fund Fees."
• Nohel, Tom, Steven Todd, Zhi Wang, and Yi Xiao. "Leverage Decisions in Portfolio Management."
• Wang, Zhi, and Yi Xiao. "Managerial Incentives and Risk Taking: Evidence from Hedge Fund Leverage."
• Dayani, Arash, and Zhi Wang. "The Implications of Managerial Promotion and Demotion on Mutual Fund Performance and Investment Decisions."
• Wang, Zhi, and Jingyun Yang. "Club Deals in Private Equity Buyouts." Research in progress.
• Wang, Zhi, Liwei Weng, and Hengyi Huang. "Insider Ownership in Hedge Funds." Research in progress.
• Wang, Zhi. "Pay Now, Play Later: Political Contributions and Underwriting Relationships in The Muni Market." Working paper.