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Ness School of Management and Economics

Zhiguang (Gerald) Wang

Zhiguang (Gerald) Wang
DuBois Professor of Business Finance and Investments, Ph.D., CFA
Box 2220, Harding Hall (SHH) 125
Ness School of Management and Economics
South ֱ State University
Phone: 605-688-4861

Current Teaching

  • Fall 2024: Business Finance (FIN310), Investments (FIN411/511)
  • Summer 2024: Business Finance (FIN310)
  • Spring 2025: Student Managed Investment Fund (FIN4/520)

Past Teaching (Fall 2009-Spring 2024)

  • Business Finance (FIN310, Face-to-Face, Online and Hybrid)
  • Financial Management (ECON610)
  • Investments (FIN411/511, ECON792)
  • Student Managed Investment Fund (FIN4/520)
  • Principle of Macroeconomics (ECON202)

Research

Research Interests

  • Asset pricing
  • Financial and Commodity Derivatives
  • Volatility
  • Machine Learning
  • Market Microstructure
  • Non-Gaussian Distributions and Processes

Publications/Presentations

(*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, MO, April 2024.
  • Diersen and Wang (2023). “Implied Volatility Patterns Around Crop Reports.” Proceedings of the NCCC-134 Conference on Applied Commodity Price Analysis, Forecasting and Market Risk Management, St Louis, MO, April 2023.
  • Langelett and Wang (2023) “Sealed Collectible Card Game Product as Standalone Investment and Portfolio Diversifier” Global Journal of Accounting and Finance, 7(1) pp 1-25.
  • Diersen and Wang (2022). . Proceedings of the NCCC-134 Conference on Applied Commodity Price Analysis, Forecasting and Market Risk Management, St Louis, MO, April 2022; Commodity & Energy Markets Association, Chicago, IL, June 2022.
  • Medvedev* and Wang (2022). . 2021. Journal of Futures Markets, 42(4), 645-667. April 2022. DOI:10.1002/fut.22302
  • Diersen and Wang (2022). . Applied Economics Teaching Resources (AETR), 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, MCFAM Seminar. October 2020; Southwestern Finance Association Annual Meeting 2021 (Best Paper ֱ 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). . Proceedings of the NCCC-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management. Minneapolis, Minnesota.
  • Wang, Mishra, and Elliott. (2017). . 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). . 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), 136-148.
  • Wang and Daigler (2016). The Option SKEW Index, VIX of VIX and Market Tail Risk, Review of Futures Markets, 22(4), 1-28. [ see extended results].
  • Wu, Meyers, Guan and Wang (2015). . Journal of Empirical Finance, 34, 260-274.
  • Osei* and Wang (2015). . Journal of Economics, XLI (1), 9-28.
  • Fausti, Wang, Qasmi and Diersen (2014). Agricultural Economics, 45(5), 601–612.
  • Schmitz*, Wang and Kimn (2014). . Journal of Futures Markets, 34(3), 235-260.
  • Fausti, Wang and Lange (2013). Canadian Journal of Agricultural Economics, 61(3):371–395.
  • Wang, Fausti and Qasmi (2012). Journal of Futures Markets, 32(6): 587-608.
  • Wang and Bidarkota (2012). Empirical Economics, 42(1): 21-51.
  • Wang and Daigler (2011). Journal of Futures Markets, 31(3): 251-281.
  • Wang and Bidarkota (2010). . Review of Finance, 14(3): 409-449.

Working Papers

  • Wang (2009). How does the Market Price Risks: Evidence from Stock Options.

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