更新时间：2024-09-21 08:53
王能是美国哥伦比亚大学商学院金融学讲席教授，美国斯坦福大学金融学博士, 美国国家经济研究院(NBER)研究员，上海财经大学金融学院院长，长江商学院访问教授, 国家中组部入选者。
2002年至2004年在美国罗彻斯特大学商学院任助理教授
2004年至2005年在美国哥伦比亚大学任助理教授
2006年美国哥伦比亚大学副教授
2006年至2007年美国西北大学凯洛格商学院金融学访问教授
2007年被美国哥伦比亚大学破格提前提升为终身，讲习，正教授
2007年至2009年美国国家经济研究局Research Fellow
2008年任美国哥伦比亚大学金融系主任
2009年至今美国国家经济研究局研究员
2009年至今兼任上海财经大学金融学院院长
2012年至2013年，长江商学院访问学者
Published and Forthcoming Papers
1、“Market timing, investment, and risk 管理学,” with Patrick Bolton and Hui Chen,conditionally accepted, Journal of Financial Economics
2、“The economic and policy consequences of catastrophes,” with Robert Pindyck,conditionally accepted, American Economic Journal: Economic Policy
3、 “Dynamic agency and theq theory of investment,” with Peter DeMarzo, Michael Fishman, and Zhiguo He, Journal of Finance, 67(6) , 2295-2340 , (2012)
4、“A unified model of entrepreneurship 动力学,” with Chong Wang and Jinqiang Yang, Journal of Financial Economics, 106(1), 1-23, (2012),lead article
5、“A unified theory of Tobin’sq, corporate investment, financing, and risk 管理学,” with Patrick Bolton and Hui Chen, Journal of Finance, 66(5), 1545-1578, (2011)
6、 “Risk, uncertainty, and option exercise,” with Jianjun Miao, Journal of Economic 动力学 and Control, 35(4), 442-461, (2011)
7、 “Entrepreneurial finance and non-diversifiable risk,” with Hui Chen and Jianjun Miao, Review of Financial Studies, 23(12), 4348-88, (2010)
8、“Optimal consumption and asset allocation with unknown income growth,” Journal of Monetary Economics, 56(4), 524-34, (2009)
9、“Capital reallocation and growth,” with Janice Eberly, American Economic Review Papers \u0026 Proceedings, 99(2), 560-66, (2009)
10、 “Agency conflicts, investment, and asset pricing,’’ with Rui Albuquerque, Journal of Finance, 63(1), 1-40, (2008),lead article, Smith-Breeden Distinguished Paper Prize by theJournal of Finance
11、 “Investment, consumption, and hedging under incomplete markets,’’ with Jianjun Miao, Journal of Financial Economics, 86(3), 608-642, (2007)
12、“Investment under uncertainty with strategic debt service,” with Suresh Sundaresan, American Economic Review Papers \u0026 Proceedings, 97(2), 256-261 (2007)
13、“An Equilibrium model of wealth distribution,” Journal of Monetary Economics, 54(7), 1882-1904 (2007)
14、 “Investment under uncertainty and 时间inconsistent preferences,’’ with Steven Grenadier, Journal of Financial Economics, 84(1), 2-39, (2007),lead article.
15、“Generalizing the permanent-income hypothesis: Revisiting Friedman's conjecture on consumption,” Journal of Monetary Economics, 53(4), 737-52 (2006)
16、“Investment timing, agency, and information,’’ with Steven Grenadier, Journal of Financial Economics, 75(3), 493-533, (2005) (lead article).
17、“Precautionary saving and partially observed income,’’ Journal of Monetary Economics, 51(8), 1645-1681, (2004)
18、“Caballero meets Bewley: The permanent-income hypothesis in general Equilibrium,” American Economic Review 93(3), 927-936, (2003)
19、“Robust permanent income and pricing with filtering,” with Lars Peter Hansen and Thomas J. Sargent, Macroeconomic 动力学 6, 40-84, (2002)
Working Papers
20、“The economics of hedge funds,” with Yingcong Lan and Jinqiang Yang,
21、“Investor protection, diversification, investment, and Tobin’sq,” with Yingcong Lan and Jinqiang Yang,
22、“Valuing private equity,” with Morten Sorensen and Jinqiang Yang,
23、‘’Optimal consumption and savings with stochastic income,” with Chong Wang and Jinqiang Yang,
24、“Stochastic interest rates and theqtheory of investment,” with Jinqiang Yang
25、“Reallocating and pricing illiquid capital: Two productive trees,” with Janice Eberly,
26、“Financing real options,” with Suresh Sundaresan and Jinqiang Yang,
27、“Experimentation under uninsurable idiosyncratic risk: An application to entrepreneurial survival,” with Jianjun Miao
研究项目
Research Fields
asset pricing, corporate finance, macroeconomics, real estate finance
Research Interests
Dynamic corporate finance
Dynamic entrepreneurial finance
Private equity investment and valuation
Managerial incentives and compensation in hedge funds
Dynamic contracting
Corporate risk and liquidity 管理学
Investment under uncertainty and real options analysis
Dynamic valuation of non-tradable illiquid assets
Equilibrium capital reallocation and asset pricing
Asset pricing and macroeconomic implications of financial frictions
Effects of corporate governance on asset pricing and macroeconomics
Household’s consumption, saving, portfolio choice, and wealth distribution
Real estate finance and investment, housing \u0026 mortgage choice
研究领域包括资产定价、公司金融、宏观经济学以及房地产金融学。
Recipient of “Thousand-Talent” Program awarded by Chinese central government
The Carr and Stephanie Bettis Distinguished Scholar Award, 2011, by W. P. Carey
School of Business, Arizona State University
Best Paper on Global Financial Markets, 2011 TCFA Best Paper Awards
“A unified model of entrepreneurship 动力学,” with Chong Wang and
Jinqiang Yang, published inJournal of Financial Economics
2009 Best Paper Award, the Caesarea Center 6 Annual Academic Conference
IDC, Herzliya, Israel,
“A unified theory of Tobin’s q, corporate investment, financing, and risk
management,” with Patrick Bolton and Hui Chen, published inJournal of Finance
2008Smith-Breeden Distinguished Paper Prize for theJournal of Finance,
“Agency Conflicts, Investment, and Asset Pricing,” joint with Rui 阿尔伯克基
2008Standard Life Investments Finance Prize for the best paper in European
Corporate Governance Institute (ECGI) Finance Series awarded by ECGI,
“Agency Conflicts, Investment, and Asset Pricing,” joint with Rui 阿尔伯克基
2005 FMA Competitive Paper Award Runner Up on Investments,
“Agency Conflicts, Investment, and Asset Pricing,” joint with Rui Albuquerque
Lang Entrepreneurship Center, Colombia Business School, 2005
Jaedicke Merit Award, Graduate School of Business, Stanford University, 1998-99
Larry Yung Asia Pacific Scholar, Stanford University, 1997-99
Allison Award for the Highest Academic Achievement,
Graduate School of International Relations and Pacific Studies, 加利福尼亚大学-圣地亚哥分校, 1997