Zhiguang Wang
Professor
Biography
Dr. Zhiguang (Gerald) Wang is DuBois Professor of Business Finance and Investments in the Ness School of Management and Economics. Dr. Wang joined South 啵啵直播秀 State University in 2009 after graduating from Florida International University. He currently teaches business finance, investments and student-managed investment fund and coordinates the First 啵啵直播秀 National Bank eTrading Education Lab. His research focuses on asset pricing and risk management in financial and agricultural commodity markets. He is particularly interested in volatility-related research. His recent research works are focused on machine learning and market microstructure. He enjoys the intersection of two disciplines: finance and applied mathematics/statistics. His research publications appear in finance and agricultural economics journals, including Review of Finance, Journal of Futures Markets, Journal of Empirical Finance, Journal of Commodity Markets, Agricultural Economics and Canadian Journal of Agricultural Economics, among others. He also serves on the editorial board of the Journal of Futures Markets. He has presented in numerous academic conferences and reviewed articles for academic journals. He serves on the editorial board for the Journal of Futures Markets and is the faculty adviser for SDSU Investment Club and Student-Managed Investment Fund.
Education
- Ph.D. in financial economics | Florida International University
- M.A. in finance | Shanghai University of Finance and Economics
- B.S. in international business | Jilin University
Academic and Professional Experience
Academic Interests
Academic Interests
- Asset pricing
- Financial and commodity derivatives
- Volatility
- Machine learning
- Market microstructure
- Non-Gaussian distributions and processes
Academic Responsibilities
Current Teaching
- Fall 2024: Business Finance (FIN 310), Investments (FIN 411/511)
- Summer 2024: Business Finance (FIN 310)
- Spring 2025: Student-Managed Investment Fund (FIN 4/520)
Past Teaching (fall 2009-spring 2024)
- Business Finance (FIN 310, face to face, online and hybrid)
- Financial Management (ECON 610)
- Investments (FIN 411/511, ECON 792)
- Student-Managed Investment Fund (FIN 4/520)
- Principle of Macroeconomics (ECON 202)
Committees and Professional Memberships
- American Finance Association
- Financial Management Association
- Southwestern Finance Association
- NCCC-134 Committee on Applied Commodity Price Analysis, Forecasting and Market Risk Management
Research and Scholarly Work
Areas of Research
Work in Progress
- VIX futures and options
- High-frequency trading
- Market microstructure
- Volatility of commodities
- Commodity futures and options pricing
- Volatility prediction with machine learning
啵啵直播秀s and Honors
- Southwestern Finance Association, Best Paper 啵啵直播秀 in Investments, 2021
- Quinnipiac G.A.M.E. Forum X Portfolio Competition selected presentation (adviser), 2021
- Everett and Bernie DuBois Endowed Professorship, South 啵啵直播秀 State University, 2020
- International Food and Agribusiness Management Association Case Competition, first prize in Intermediate Group (adviser), 2019
- Ness Division of Management and Economics Outstanding Student Investment Club (adviser), South 啵啵直播秀 State University, 2018
- SDSU Student Organization 啵啵直播秀, Investment Club (adviser), 2018
- SDSU Student Organization Outstanding Program 啵啵直播秀, Investment Club (adviser), 2017
- Quinnipiac G.A.M.E. Forum VII Portfolio Competition, first place in Undergraduate Core, 2017
- Ness Division of Management and Economics Outstanding Faculty Achievement, 2016
- Undergraduate Teacher of the Year, 2016
- Stahly Scholar in Financial Economics, 2011-2014
- Fellow, Institute on Computational Economics, University of Chicago/Argonne, 2009
- Dissertation Year Fellowship, Florida International University, 2009
- Financial Management Association Doctoral Student Consortium, 2008
Grants
- South 啵啵直播秀 Department of Transportation, 2014-2015, "Agricultural Freight Data Improvement Research Project"
- South 啵啵直播秀 Department of Transportation, 2012-2013, "Selection of Inflation and Discount Rates for Infrastructure Investment Analyses"
Publications
(*graduate advisee / student)
- Li, Wang and Diersen (2024). "Do Agricultural Commodity Price Spikes Always Stem from News?" Proceedings of the NCCC-134 Conference on Applied Commodity Price Analysis, Forecasting and Market Risk Management, St. Louis, Missouri, April 2024.
- Diersen and Wang (2023). 鈥淚mplied Volatility Patterns Around Crop Reports.鈥 Proceedings of the NCCC-134 Conference on Applied Commodity Price Analysis, Forecasting and Market Risk Management, St. Louis, Missouri, April 2023.
- Langelett and Wang (2023). 鈥淪ealed Collectible Card Game Product as Standalone Investment and Portfolio Diversifier鈥 Global Journal of Accounting and Finance, 7(1), pages 1-25.
- Diersen and Wang (2022). Weekly Options on Grain Futures. Proceedings of the NCCC-134 Conference on Applied Commodity Price Analysis, Forecasting and Market Risk Management, St. Louis, Missouri, April 2022; Commodity and Energy Markets Association, Chicago, Illinois, June 2022.
- Medvedev* and Wang (2022). "." 2021. Journal of Futures Markets, 42(4), pages 645-667. April 2022. DOI:10.1002/fut.22302.
- Diersen and Wang (2022). "." Applied Economics Teaching Resources, 4(1), March 2022.
- Medvedev* and Wang (2020). Multi-Step Forecast of the Implied Volatility Surface Using Deep Learning. 2020 SDSU Data Science Symposium. February 2020; University of Minnesota, Minnesota Center for Financial and Actuarial Mathematics Seminar. October 2020; Southwestern Finance Association Annual Meeting 2021 (Best Paper 啵啵直播秀 in Investments). March 2021.
- TeSlaa*, L. Elliott, M. Elliott and Wang (2020). "New Generation Grain Contracts in Corn and Soybean Commodity Markets." Journal of Commodity Markets, 20, 100113.
- Wang and Dupoyet (2019). "." Journal of Futures Markets. Forthcoming.
- Wang, Z. (2019). Intraday Trading Invariance in the Grain Futures Markets. Proceedings of the NCCC-134 Conference on Applied Commodity Price Analysis, Forecasting and Market Risk Management. Minneapolis, Minnesota.
- Wang, Mishra, and Elliott. (2017). Trade Impact in the Electronic Grain Futures Markets. Proceedings of the NCCC-134 Conference on Applied Commodity Price Analysis, Forecasting and Market Risk Management. St. Louis, Missouri.
- TeSlaa*, L. Elliott, M. Elliott and Wang (2017). Performance of the Producer Accumulator in Corn and Soybean Commodity Markets. Proceedings of the NCCC-134 Conference on Applied Commodity Price Analysis, Forecasting and Market Risk Management. St. Louis, Missouri.
- Graham* and Wang (2016). "Volatility Transmission: A Linkage between Grain Markets and Food Companies." Journal of Accounting and Finance, 16(4), pages 136-148.
- Wang and Daigler (2016). "The Option SKEW Index, VIX of VIX and Market Tail Risk," Review of Futures Markets, 22(4), pages 1-28. [see extended results].
- Wu, Meyers, Guan and Wang (2015). "." Journal of Empirical Finance, 34, pages 260-274.
- Osei* and Wang (2015). "." Journal of Economics, XLI (1), pages 9-28.
- Fausti, Wang, Qasmi and Diersen (2014). "" Agricultural Economics, 45(5), pages 601鈥612.
- Schmitz*, Wang and Kimn (2014). "." Journal of Futures Markets, 34(3), pages 235-260.
- Fausti, Wang and Lange (2013). "" Canadian Journal of Agricultural Economics, 61(3), pages 371鈥395.
- Wang, Fausti and Qasmi (2012). " " Journal of Futures Markets, 32(6), pages 587-608.
- Wang and Bidarkota (2012). "" Empirical Economics, 42(1), pages 21-51.
- Wang and Daigler (2011). "" Journal of Futures Markets, 31(3), pages 251-281.
- Wang and Bidarkota (2010). "." Review of Finance, 14(3), pages 409-449.
Working Papers
- Wang (2009). How does the Market Price Risks: Evidence from Stock Options.
Associated Areas
