Songtao Wang

Thesis

Thesis Title:	Optimal Capital Structure and Yield Spreads under Liquidity Risk
Thesis Advisor:	Prof. Dr. Rajna Gibson
Year of Graduation:	2010

Next Employment

Assistant Professor in Finance, Shanghai Jiao Tong University

Research Papers

Rajna Gibson Brandon, Songtao Wang: Market Belief Risk and the Cross-Section of Stock Returns, 2012, Swiss Finance Institute Research Paper No. 12-37
Songtao Wang: Market Belief, Trading Volume, Price Volatility, and Liquidity, 2010, FINRISK WP 625
Rajna Gibson, Songtao Wang: Hedge Fund Alphas: Do They Reflect Manager Skills or Mere Compensation for Liquidity Risk Bearing?, 2010, Swiss Finance Institute Research Paper No. 08-37
Songtao Wang, Zan Yang and Hongyu Liu: Impact of Urban Economic Openness on Real Estate Prices: Evidence from Thirty-Five Cities in China, 2009, SSRN

Publications

Songtao Wang, Su Han Chan and Bohua Xu: The Estimation and Determinants of the Price Elasticity of Housing Supply: Evidence from China, 2012, Journal of Real Estate Research
Rajna Gibson, Songtao Wang: Liquidity Risk, Return Predictability and Hedge Funds Performance: An Empirical Study, 2013, Journal of Financial and Quantitative Analysis