Li Wang

Li Wang is an Associate Professor in the Banking and Finance Department at the Weatherhead School of Management, Case Western Reserve University, where she has been on faculty since 2016. Her expertise spans empirical finance with specialized focus on derivatives markets, asset pricing, and market microstructure.

Her academic credentials include a PhD in Finance from the University of Illinois at Urbana-Champaign (2015), an MS in Finance from the University of Maryland at College Park (2009), and dual degrees from Renmin University of China (MA and BA in Economics, 2006 and 2004).

Wang's research centers on empirical asset pricing with particular emphasis on derivatives-equity/commodity market linkages, security lending, and market microstructure. Her work bridges behavioral finance with quantitative analysis, investigating how retail structured products influence market sentiment and efficiency. She has published in top-tier journals including the Review of Financial Studies, Journal of Financial Economics, and Journal of Finance, with her 2015 commodity markets paper featured as a lead article.

Her publication trajectory reveals increasing focus on retail derivatives' impact on market dynamics, evolving from commodity financialization (2015) to pre-trade hedging mechanisms (2020) and finally to sentiment measurement through retail structured products (2023), demonstrating consistent innovation in market microstructure analysis.

Wang has earned significant recognition including the Weatherhead Emerging Impact Award (2017), Best Derivatives Paper Award at SFA (2014), and the Van Arsdell Teaching Award (2012). Her honors also include the Corzine Fellowship (2013), American Finance Association Travel Grant (2012), and Samsung Graduate Scholarship (2005).

As an educator, she teaches corporate finance and financial Big Data applications while previously instructing at the University of Illinois and Rochester Institute of Technology. She serves actively in academic service through journal reviewing (Journal of Futures Markets, Journal of Empirical Finance, Management Science), seminar organization (BAFI Research Seminar 2019-2022), and faculty recruitment committees.