WORK EXPERIENCE

• Professor, Department of Economics and Finance, School of Economics and Management, Tongji University, 2023-present
• Associate Professor, Department of Economics and Finance, School of Economics and Management, Tongji University, 2020-2022
• Assistant Professor (Tenure-Track), Department of Economics and Finance, School of Economics and Management, Tongji University, 2018-2019
• Assistant Professor (Tenure-Track), Department of Finance, Shanghai Lixin University of Accounting and Finance, 2015-2018
• Academic Visit, Hong Kong Polytechnic University, Summers of 2017, 2018, 2019
• Academic Visit, Hong Kong University of Science and Technology, 2015-2016
• Lecturer, Upward Bound Summer School, University of Rochester, Summer 2009
• Internship, Research and Development Unit, Proctor and Gamble, Cincinnati, OH, Summer 2007
• Internship, Research and Development Unit, Xerox, Webster, NY, Summer 2006

REPRESENTATIVE PUBLICATIONS

• Liu, Clark, Yancheng Qiu, Shujing Wang*, P. Eric Yeung. 2025. "Big Data Availability and Asymmetric Voluntary Disclosures." Management Science, Accepted.
• Li, Erica X.N., Guoliang Ma, Shujing Wang*, and Cindy Yu. 2025. “Fundamental Anomalies.” Management Science, Forthcoming. (https://pubsonline.informs.org/doi/abs/10.1287/mnsc.2023.01313).
• Hao, Xianfeng, Shujing Wang**, Yudong Wang, and Liangyu Wu. 2024.  "Is Information Risk Priced? New Evidence from Outer Space" Management Science, Forthcoming. (https://pubsonline.informs.org/doi/10.1287/mnsc.2023.00713)
• Ho, Steven Wei, Clark Liu, and Shujing Wang*. 2025. “Bank Loan Announcement Effects: Evidence from a Comprehensive 8-K Sample.” Journal of Financial and Quantitative Analysis, 60, 771-809. (https://www.cambridge.org/core/journals/journal-of-financial-and-quantitative-analysis/article/bank-loan-announcement-effects-evidence-from-a-comprehensive-8k-sample/667C1970218A8D1D4F1444BE07DF7DA8)
• Sun, Chengzhu, Shujing Wang*, and Chu Zhang. 2021. “Corporate Payout Policy and Credit Risk: Evidence from CDS Market." Management Science 67, 5755-577. （https://pubsonline.informs.org/doi/abs/10.1287/mnsc.2020.3753）
• Li, Erica X.N., Haitao Li, Shujing Wang, and Cindy Yu. 2019. “Macroeconomic Risks and Asset Pricing: Evidence from a Dynamic Stochastic General Equilibrium Model.” Management Science 65, 3585-3604. （https://pubsonline.informs.org/doi/10.1287/mnsc.2017.2999）
• Wang, Shujing, Hongjun Yan, Ninghua Zhong, and Yizhou Tang. 2024. “Indirect Effects of Trading Restrictions.” Journal of Corporate Finance 86, 102580. (https://www.sciencedirect.com/science/article/abs/pii/S0929119924000427)
• Liu, Clark, Shujing Wang*, and K.C. John Wei. 2021. “Demand Shock, Speculative Beta, and Asset Prices: Evidence from the Shanghai-Hong Kong Stock Connect Program.” Journal of Banking and Finance 126, 106102. （https://www.sciencedirect.com/science/article/abs/pii/S0378426621000601）
• Liu, Clark and Shujing Wang*. 2021.  "Investment, Idiosyncratic Risk, and Growth Options." Journal of Empirical Finance 61, 118-138. （https://www.sciencedirect.com/science/article/abs/pii/S0927539821000049）
• Liu, Clark, Shujing Wang**, K.C. John Wei, and Ninghua Zhong. 2019.“The Demand Effect of Yield-Chasing Retail Investors: Evidence from the Chinese Enterprise Bond Market.” Journal of Empirical Finance 50，57-77. （https://www.sciencedirect.com/science/article/abs/pii/S0927539818300859）

PROFESSIONAL AND LEADERSHIP ACTIVITIES

• Invited Referee: Review of Economics and Statistics; Review of Finance; Journal of Banking and Finance; European Financial Management;Journal of Financial Research
• Session Chair: Financial Management Association European Conference, 2019; Asian Finance Association Annual Conference, 2017; 5th Auckland Finance Meeting, 2015; 26th Australasian Finance and Banking Conference, 2013;
• Vice President, Graduate Student Union, University of Rochester, 2008-2010
• Vice President, Chinese Student and Scholar Association, University of Rochester, 2005-2006

GRANT AND TALENT PROGRAM

• National “Ten Thousand Talents Plan”Top Young Talents， 2021
• Natural Science Foundation of China (Grant No. 71902140), 2020-2022
• Shanghai Young Eastern Scholar Program, 2017
• Shanghai Pujiang Talent Program (Project No. 16PJC062), 2016-2018

HONORS AND AWARDS

• Best Paper Award honored by Pacific-Basin Finance Journal, China International Risk Forum 2018
• Best Paper Award, Asian Finance Association Conference, Seoul, Korea, 2017
• CFA Best Paper Award, Hong Kong Society of Financial Analysts and CFA Institute, Hong Kong, 2016
• Best Paper Award, 5th Annual CQAsia Conference, Hong Kong, 2016
• Best Paper Award, 23th Conference on the Theories and Practices of Securities and Financial Markets (SFM), Kaohsiung, Taiwan, 2015
• Emerald Best Paper Award, 8th China Finance Review International Conference (CFRI), 2015
• PhD Forum Travel Award, 26th Australasian Finance and Banking Conference (AFBC), Sydney, Australia, 2013
• Best Paper Award, 21th Conference on the Theories and Practices of Securities and Financial Markets, Kaohsiung, Taiwan, 2013
• Best Paper Award, 10th Chinese Finance Annual Meeting (CFAM) , Beijing, China, 2013
• Travel Grant Award, American Finance Association, 2013
• Dean’s Fellowship for Research Excellence, HKUST, 2012-2013
• Hui-Chun Chin and Tsung-Dao Lee Chinese Undergraduate Research Endowment Award, “Chun-Tsung” Scholar named after Nobel laureate Dr. T. D. Lee, Peking University, 2002- 2003