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Wei Jiang
Researcher at Columbia University
Publications - 124
Citations - 11538
Wei Jiang is an academic researcher from Columbia University. The author has contributed to research in topics: Hedge fund & Arbitrage. The author has an hindex of 46, co-authored 118 publications receiving 10161 citations. Previous affiliations of Wei Jiang include National Bureau of Economic Research.
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Hedge Fund Activism, Corporate Governance, and Firm Performance
TL;DR: In this article, the authors used a large hand-collected dataset from 2001 to 2006 to find that hedge funds in the U.S. propose strategic, operational, and financial remedies and attain success or partial success in two thirds of the cases.
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Price Informativeness and Investment Sensitivity to Stock Price
Qi Chen,Itay Goldstein,Wei Jiang +2 more
TL;DR: In this paper, the authors show that two measures of the amount of private information in stock price (price nonsynchronicity and probability of informed trading) have a strong positive effect on the sensitivity of corporate investment to stock price.
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Hedge Fund Activism, Corporate Governance, and Firm Performance
TL;DR: Brav et al. as discussed by the authors used a large hand-collected data set from 2001 to 2006, and found that activist hedge funds in the United States propose strategic, operational and financial remedies and attain success or partial success in two-thirds of the cases.
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Price Informativeness and Investment Sensitivity to Stock Price
TL;DR: The authors empirically examined the effect of price informativeness on the sensitivity of investment to stock price and found that price non-synchronicity and PIN measures are correlated with sensitivity to stock prices.
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Payoff complementarities and financial fragility: Evidence from mutual fund outflows $
Qi Chen,Itay Goldstein,Wei Jiang +2 more
TL;DR: In this paper, the authors provide empirical evidence that strategic complementarities among investors generate fragility in financial markets, and find that funds with illiquid assets exhibit stronger sensitivity of outflows to bad past performance than funds with liquid assets.