Profile picture of Z. Jay Wang

Z. Jay Wang

Head, Department of Finance | Associate Professor of Finance | Alumni Investment Management Research Scholar

Affiliations: Finance, Cameron Center for Finance and Securities Analysis, Master of Science in Finance, Oregon MBA, Undergraduate Programs
Phone: 541-346-3622
Office: Lillis 381

Publications

Journal Articles:

Chalmers, John, Z. Jay Wang, and Jingyun Yang. "Fund Structure and Liquidity Management: Evidence from Open- vs. Closed-End Municipal Bond Funds." Finance Research Letters 73: 106499. https://doi.org/10.1016/j.frl.2024.106499.

March 2025

Wang, Z. Jay, and Jingyun Yang. "Cross-Trading and Liquidity Management: Evidence from Municipal Bond Funds." Pacific-Basin Finance Journal 67. https://doi.org/10.1016/j.pacfin.2021.101564.

June 2021

Chalmers, John, Steve Liu, and Z. Jay Wang. "The Difference a Day Makes: Timely Disclosure and Trading Efficiency in the Muni Market." Journal of Financial Economics 139, no. 1: 313-335. https://doi.org/10.1016/j.jfineco.2020.07.015.

January 2021

Huang, Jing, Steven Matsunaga, and Z. Jay Wang. "The Role of Pension Business Benefits in Institutional Block Ownership and Corporate Governance." Contemporary Accounting Research 37, no. 4: 1959-1989. https://doi.org/10.1111/1911-3846.12587.

December 2020

Wang, Zhi Jay, Hanjiang Zhang, and Xinde Zhang. "Fire Sales and Impediments to Liquidity Provision in the Corporate Bond Market." Journal of Financial and Quantitative Analysis, forthcoming. https://doi.org/10.1017/S0022109019000991.

November 2019

Cherkes, Martin, Jacob S. Sagi, and Z. Jay Wang. "Managed Distribution Policies in Closed-End Funds and Shareholder Activism." Journal of Financial and Quantitative Analysis 49, no. 5-6: 1311-1337. https://doi.org/10.1017/S0022109014000544.

December 2014

Deuskar, Prachi, Joshua M. Pollet, Z. Jay Wang, and Lu Zheng. "The Good or the Bad? Which Mutual Fund Managers Join Hedge Funds?" Review of Financial Studies 24, no. 9: 3008-3024. https://doi.org/10.1093/rfs/hhr057.

September 2011

Wang, Z. Jay, and Vikram Nanda. "Payout Policies and Closed-End Fund Discounts—Signaling, Agency Costs and the Role of Institutional Investors." Journal of Financial Intermediation 20, no. 4: 589-619. https://doi.org/10.1016/j.jfi.2011.02.002.

October 2011

Nohel, Tom, Z. Jay Wang, and Lu Zheng. "Side-by-Side Management of Hedge Funds and Mutual Funds." Review of Financial Studies 23, no. 6: 2342-2373. https://doi.org/10.1093/rfs/hhq008.

June 2010

Nanda, Vikram K., Z. Jay Wang, and Lu Zheng. "The ABCs of Mutual Funds: On the Introduction of Multiple Share Classes." Journal of Financial Intermediation 18, no. 3: 329-361. https://doi.org/10.1016/j.jfi.2008.12.003.

July 2009

Nanda, Vikram, Z. Jay Wang, and Lu Zheng. "Family Values and the Star Phenomenon: Strategies of Mutual Fund Families." Review of Financial Studies 17, no. 3: 667-698. https://doi.org/10.1093/rfs/hhg054.

July 2004

In the News

Research by John Chalmers and Z. Jay Wang finds that real-time financial reporting improves muni bond markets.

Three students from our inaugural Master of Science in Finance cohort won the Peeptrade University Challenge Investment Competition in Chicago.

When it comes to finance, the Lundquist College has much to quack about of late. Read some of its recent activities and achievements.

The Lundquist College of Business announces the launch of a new master of science in finance (MSF) to its graduate-level degree options.
Experts came from all over the world to attend the Lundquist College's biennial finance research conference this July.
Five new faculty members started at the Lundquist College of Business this fall.