Details about Neng Wang

Access statistics for papers by Neng Wang.

Last updated 2025-03-15. Update your information in the RePEc Author Service.

Short-id: pwa390

Working Papers

2024

1. Creditor-on-Creditor Violence and Secured Debt Dynamics
   NBER Working Papers, National Bureau of Economic Research, Inc
2. Implementing a Ramsey Plan
   NBER Working Papers, National Bureau of Economic Research, Inc

2022

3. A p Theory of Taxes and Debt Management
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
4. Dynamic Trading with Realization Utility
   NBER Working Papers, National Bureau of Economic Research, Inc
5. Strategic Investment under Uncertainty with First- and Second-mover Advantages
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)

2021

6. Robust Financial Contracting and Investment
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
7. Stochastic Earnings Growth and Equilibrium Wealth Distributions
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
8. Welfare Consequences of Sustainable Finance
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)

2020

9. A q Theory of Internal Capital Markets
   NBER Working Papers, National Bureau of Economic Research, Inc
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020)
10. Dynamic Banking and the Value of Deposits
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2020) View citations (14)
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2020) View citations (14)
11. Implications of Stochastic Transmission Rates for Managing Pandemic Risks
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
12. Mitigating Disaster Risks in the Age of Climate Change
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)
13. Pandemics, Vaccines and an Earnings Damage Function
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
14. Token-Based Platform Finance
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
    Also in Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2019) View citations (6)
15. Tokenomics: Dynamic Adoption and Valuation
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (27)
    Also in Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2018) View citations (54)

2019

16. The Endowment Model and Modern Portfolio Theory
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)

2018

17. Rare Disasters, Financial Development, and Sovereign Debt
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (9)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2018) View citations (8)

2016

18. Investment, Tobin's q, and Interest Rates
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2013) View citations (1)
    See also Journal Article Investment, Tobin’s q, and interest rates, Journal of Financial Economics, Elsevier (2018) View citations (4) (2018)
19. Liquidity and Risk Management: Coordinating Investment and Compensation Policies
    2016 Meeting Papers, Society for Economic Dynamics View citations (6)

2015

20. Optimal Contracting, Corporate Finance, and Valuation with Inalienable Human Capital
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
    See also Journal Article Optimal Contracting, Corporate Finance, and Valuation with Inalienable Human Capital, Journal of Finance, American Finance Association (2019) View citations (25) (2019)

2014

21. Debt, Taxes, and Liquidity
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (10)
22. Investment under Uncertainty with Financial Constraints
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
    See also Journal Article Investment under uncertainty with financial constraints, Journal of Economic Theory, Elsevier (2019) View citations (19) (2019)

2013

23. Optimal Consumption and Savings with Stochastic Income and Recursive Utility
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
    See also Journal Article Optimal consumption and savings with stochastic income and recursive utility, Journal of Economic Theory, Elsevier (2016) View citations (46) (2016)
24. Valuing Private Equity
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
    See also Journal Article Valuing Private Equity, The Review of Financial Studies, Society for Financial Studies (2014) View citations (22) (2014)

2011

25. A Unified Model of Entrepreneurship Dynamics
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
    See also Journal Article A unified model of entrepreneurship dynamics, Journal of Financial Economics, Elsevier (2012) View citations (39) (2012)
26. Market Timing, Investment, and Risk Management
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
    See also Journal Article Market timing, investment, and risk management, Journal of Financial Economics, Elsevier (2013) View citations (146) (2013)
27. The Economics of Hedge Funds: Alpha, Fees, Leverage, and Valuation
    NBER Working Papers, National Bureau of Economic Research, Inc

2010

28. A unified theory of Tobin's q, corporate investment, financing, and risk management
    2010 Meeting Papers, Society for Economic Dynamics
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2009) View citations (31)
    See also Journal Article A Unified Theory of Tobin's q, Corporate Investment, Financing, and Risk Management, Journal of Finance, American Finance Association (2011) View citations (184) (2011)
29. Risk, uncertainty,and option exercise
    Boston University - Department of Economics - Working Papers Series, Boston University - Department of Economics View citations (1)
    Also in Boston University - Department of Economics - The Institute for Economic Development Working Papers Series, Boston University - Department of Economics (2004) View citations (2)
    Boston University - Department of Economics - Working Papers Series, Boston University - Department of Economics (2007) View citations (8)
    See also Journal Article Risk, uncertainty, and option exercise, Journal of Economic Dynamics and Control, Elsevier (2011) View citations (47) (2011)

2009

30. Entrepreneurial Finance and Non-diversifiable Risk
    Boston University - Department of Economics - The Institute for Economic Development Working Papers Series, Boston University - Department of Economics View citations (2)
    Also in Boston University - Department of Economics - Working Papers Series, Boston University - Department of Economics View citations (2)
    NBER Working Papers, National Bureau of Economic Research, Inc (2009) View citations (4)
    See also Journal Article Entrepreneurial Finance and Nondiversifiable Risk, The Review of Financial Studies, Society for Financial Studies (2010) View citations (62) (2010)
31. The Economic and Policy Consequences of Catastrophes
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (15)
    See also Journal Article The Economic and Policy Consequences of Catastrophes, American Economic Journal: Economic Policy, American Economic Association (2013) View citations (87) (2013)

2008

32. Dynamic agency and the q theory of investment
    2008 Meeting Papers, Society for Economic Dynamics View citations (30)
    See also Journal Article Dynamic Agency and the q Theory of Investment, Journal of Finance, American Finance Association (2012) View citations (138) (2012)

2007

33. Agency Conflicts, Investment, and Asset Pricing
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
    Also in Computing in Economics and Finance 2005, Society for Computational Economics (2005) View citations (15)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2005) View citations (2)
    See also Journal Article Agency Conflicts, Investment, and Asset Pricing, Journal of Finance, American Finance Association (2008) View citations (82) (2008)
34. Investment, Consumption, and Hedging under Incomplete Markets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (82)
    Also in Boston University - Department of Economics - Macroeconomics Working Papers Series, Boston University - Department of Economics (2006) View citations (3)
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics (2006) View citations (5)
    2006 Meeting Papers, Society for Economic Dynamics (2006) View citations (2)
    See also Journal Article Investment, consumption, and hedging under incomplete markets, Journal of Financial Economics, Elsevier (2007) View citations (76) (2007)

2006

35. Investment Under Uncertainty and Time-Inconsistent Preferences
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
    Also in Research Papers, Stanford University, Graduate School of Business (2005) View citations (1)
    See also Journal Article Investment under uncertainty and time-inconsistent preferences, Journal of Financial Economics, Elsevier (2007) View citations (101) (2007)

2005

36. Investment Timing, Agency, and Information
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (104)
    See also Journal Article Investment timing, agency, and information, Journal of Financial Economics, Elsevier (2005) View citations (106) (2005)

2004

37. Investment, Hedging, and Consumption Smoothing
    Finance, University Library of Munich, Germany View citations (2)
38. Investor Protection and Exchange Rates
    2004 Meeting Papers, Society for Economic Dynamics View citations (2)

Journal Articles

2019

1. Investment under uncertainty with financial constraints
   Journal of Economic Theory, 2019, 184, (C) View citations (19)
   See also Working Paper Investment under Uncertainty with Financial Constraints, NBER Working Papers (2014) View citations (1) (2014)
2. Optimal Contracting, Corporate Finance, and Valuation with Inalienable Human Capital
   Journal of Finance, 2019, 74, (3), 1363-1429 View citations (25)
   See also Working Paper Optimal Contracting, Corporate Finance, and Valuation with Inalienable Human Capital, NBER Working Papers (2015) View citations (1) (2015)

2018

3. Investment, Tobin’s q, and interest rates
   Journal of Financial Economics, 2018, 130, (3), 620-640 View citations (4)
   See also Working Paper Investment, Tobin's q, and Interest Rates, Working Paper Series (2016) (2016)

2016

4. Optimal consumption and savings with stochastic income and recursive utility
   Journal of Economic Theory, 2016, 165, (C), 292-331 View citations (46)
   See also Working Paper Optimal Consumption and Savings with Stochastic Income and Recursive Utility, NBER Working Papers (2013) View citations (2) (2013)

2015

5. Agency Conflicts, Investment, and Asset Pricing: Erratum
   Journal of Finance, 2015, 70, (5), 2347-2348
6. Dynamic Investment, Capital Structure, and Debt Overhang
   The Review of Corporate Finance Studies, 2015, 4, (1), 1-42 View citations (70)

2014

7. Valuing Private Equity
   The Review of Financial Studies, 2014, 27, (7), 1977-2021 View citations (22)
   See also Working Paper Valuing Private Equity, NBER Working Papers (2013) View citations (6) (2013)

2013

8. Market timing, investment, and risk management
   Journal of Financial Economics, 2013, 109, (1), 40-62 View citations (146)
   See also Working Paper Market Timing, Investment, and Risk Management, NBER Working Papers (2011) View citations (3) (2011)
9. The Economic and Policy Consequences of Catastrophes
   American Economic Journal: Economic Policy, 2013, 5, (4), 306-39 View citations (87)
   See also Working Paper The Economic and Policy Consequences of Catastrophes, NBER Working Papers (2009) View citations (15) (2009)
10. The economics of hedge funds
    Journal of Financial Economics, 2013, 110, (2), 300-323 View citations (39)

2012

11. A unified model of entrepreneurship dynamics
    Journal of Financial Economics, 2012, 106, (1), 1-23 View citations (39)
    See also Working Paper A Unified Model of Entrepreneurship Dynamics, NBER Working Papers (2011) View citations (2) (2011)
12. Dynamic Agency and the q Theory of Investment
    Journal of Finance, 2012, 67, (6), 2295-2340 View citations (138)
    See also Working Paper Dynamic agency and the q theory of investment, 2008 Meeting Papers (2008) View citations (30) (2008)

2011

13. A Unified Theory of Tobin's q, Corporate Investment, Financing, and Risk Management
    Journal of Finance, 2011, 66, (5), 1545-1578 View citations (184)
    See also Working Paper A unified theory of Tobin's q, corporate investment, financing, and risk management, 2010 Meeting Papers (2010) (2010)
14. Risk, uncertainty, and option exercise
    Journal of Economic Dynamics and Control, 2011, 35, (4), 442-461 View citations (47)
    See also Working Paper Risk, uncertainty,and option exercise, Boston University - Department of Economics - Working Papers Series (2010) View citations (1) (2010)

2010

15. Entrepreneurial Finance and Nondiversifiable Risk
    The Review of Financial Studies, 2010, 23, (12), 4348-4388 View citations (62)
    See also Working Paper Entrepreneurial Finance and Non-diversifiable Risk, Boston University - Department of Economics - The Institute for Economic Development Working Papers Series (2009) View citations (2) (2009)

2009

16. Capital Reallocation and Growth
    American Economic Review, 2009, 99, (2), 560-66 View citations (11)
17. Optimal consumption and asset allocation with unknown income growth
    Journal of Monetary Economics, 2009, 56, (4), 524-534 View citations (42)

2008

18. Agency Conflicts, Investment, and Asset Pricing
    Journal of Finance, 2008, 63, (1), 1-40 View citations (82)
    See also Working Paper Agency Conflicts, Investment, and Asset Pricing, NBER Working Papers (2007) View citations (1) (2007)

2007

19. An equilibrium model of wealth distribution
    Journal of Monetary Economics, 2007, 54, (7), 1882-1904 View citations (25)
20. Investment under Uncertainty with Strategic Debt Service
    American Economic Review, 2007, 97, (2), 256-261 View citations (66)
21. Investment under uncertainty and time-inconsistent preferences
    Journal of Financial Economics, 2007, 84, (1), 2-39 View citations (101)
    See also Working Paper Investment Under Uncertainty and Time-Inconsistent Preferences, NBER Working Papers (2006) View citations (4) (2006)
22. Investment, consumption, and hedging under incomplete markets
    Journal of Financial Economics, 2007, 86, (3), 608-642 View citations (76)
    See also Working Paper Investment, Consumption, and Hedging under Incomplete Markets, NBER Working Papers (2007) View citations (82) (2007)

2006

23. Generalizing the permanent-income hypothesis: Revisiting Friedman's conjecture on consumption
    Journal of Monetary Economics, 2006, 53, (4), 737-752 View citations (27)

2005

24. Investment timing, agency, and information
    Journal of Financial Economics, 2005, 75, (3), 493-533 View citations (106)
    See also Working Paper Investment Timing, Agency, and Information, NBER Working Papers (2005) View citations (104) (2005)

2004

25. Precautionary saving and partially observed income
    Journal of Monetary Economics, 2004, 51, (8), 1645-1681 View citations (41)

2003

26. Caballero Meets Bewley: The Permanent-Income Hypothesis in General Equilibrium
    American Economic Review, 2003, 93, (3), 927-936 View citations (54)

2002

27. ROBUST PERMANENT INCOME AND PRICING WITH FILTERING
    Macroeconomic Dynamics, 2002, 6, (1), 40-84 View citations (86)

Chapters

2021

1. Mitigating COVID-19 Risks to Sustain Growth
   Chapter 5 in Impact of COVID-19 on Asian Economies and Policy Responses, 2021, pp 25-32 View citations (1)