Professor of Finance
BMO Professor of Business and Finance
Stephen J. R. Smith School of Business
Queen's University, Canada
Email: wwang@queensu.ca
Tel: 1-613-533-3248
Professor Wei Wang is a globally recognized scholar in corporate restructuring and financial markets and an entrepreneurial academic leader with a sustained record of institution building. His interdisciplinary research spans finance, economics, law, and public policy. He has built and expanded academic programs, led faculty and professional teams, launched new educational initiatives, broadened access to business education, and forged strategic global partnerships. He is the Bank of Montreal Professor of Business and Finance at the Smith School of Business, Queen’s University, and has held visiting appointments at leading universities around the world, including the Wharton School, UT Dallas, HKUST, NTU, and SMU.
Professor Wang’s work combines rigorous academic research with substantial impact on teaching, practice, and policy. He has published extensively in leading academic journals, including the Journal of Finance, Journal of Financial Economics, Management Science, and the Journal of International Business Studies. He has received major awards, including the Wharton School Jacobs Levy Outstanding Research Paper Prize, and has secured seven competitive federal research grants totaling more than C$500,000. He has co-authored the widely referenced book Corporate Financial Distress, Restructuring, and Bankruptcy. His research has been featured in prominent media outlets including The Wall Street Journal and Bloomberg.
Complementing his scholarly accomplishments, Professor Wang has extensive experience in executive and faculty leadership. As Associate Dean of Professional Graduate Programs at Smith, he led a $70 million portfolio consisting of 13 graduate and executive programs and a multidisciplinary team of approximately 65 professional staff. He designed and implemented a portfolio-wide strategic plan that strengthened integration across governance, curriculum, recruitment, technology, and operations. As a member of the Dean’s Academic Leadership Team, he conducted annual merit and performance reviews of faculty and contributed to faculty recruitment, recognition, and advancement. His leadership emphasizes shared governance and broad stakeholder engagement. He has assembled faculty-led teams to develop and redesign academic programs, sought input from faculty, students, and program advisory boards, and guided major initiatives through formal Faculty Board and university-level approval processes.
His leadership has also focused on institution building. He founded the Renmin–Queen’s Master of Finance program in Beijing, growing enrollment from 17 students in its inaugural cohort to 120 in its 12th year and annual revenue by approximately 1,300%. He launched the Smith School of Business Alumni Association in China, helping build a regional alumni community of more than 1,000 while cultivating alumni engagement and philanthropy. He also led a faculty-staff team to develop Smith’s Online MBA program, expanding access to flexible graduate education. He has built and strengthened strategic partnerships with leading universities and organizations, including Cornell University, Peking University, HKUST, and the Canadian Olympic Committee.
Professor Wang has taught and mentored students across the full spectrum of business education, from undergraduate through professional Master’s, MBA, EMBA, PhD, and executive programs. He has received five Professor of the Year Awards, along with recognition for excellent graduate supervision. He has developed eight Harvard Business School case packages and championed experiential and team-based learning. Through case development, scholarly writing, and executive education, he translates academic insights into practice, particularly in corporate restructuring and global financial markets.
Beyond the university, Professor Wang has taken on leadership roles spanning academia, professional practice, and public policy. He serves as Vice President of the Financial Management Association and holds editorial appointments at three finance journals. He has also led fundraising and corporate engagement for the Northern Finance Association. During COVID-19, he served on the Large Corporations Committee of the Bankruptcy & COVID-19 Working Group, contributing policy proposals to the U.S. Congress and Senate on bankruptcy-court capacity and financing.
Corporate Financial Distress, Restructuring, and Bankruptcy
By Edward Altman, Edie Hotchkiss, and Wei Wang
Endorsements for the book
“They did it again! The masters of distressed corporate debt and restructuring have again set the standard with the 4thedition of their world-leading textbook. This definitive and comprehensive treatment now incorporates the lessons of the Great Financial Crisis and includes an extensive primer on Chapter 11. The authors expanded and updated their in-depth coverage of valuation, default prediction, and recovery. This book is indispensable for MBA students and professional investors focused on private equity and distressed debt."
—Darrell Duffie, Adams Distinguished Professor of Management and Professor of Finance, Graduate School of Business, Stanford University
“The go-to book for anyone who is interested in the research and practice of distress investing and corporate restructuring. A very constructive approach for bankruptcy.”
—Wei Jiang, Arthur F. Burns Professor of Free and Competitive Enterprise, Columbia Business School, Columbia University
“Corporate Financial Distress, Restructuring, and Bankruptcy is a ‘must-have’ guide for experienced professionals and students alike. The authors provide an accessible yet incredibly comprehensive and insightful discussion (supplemented by effective use of case studies and data) of the critical elements of restructuring and bankruptcy, distressed, high-yield and leveraged finance markets, credit analysis, and default prediction. This text is more important than ever and I highly recommend it to anyone interested in truly understanding these topics.”
—Mark Kronfeld, Managing Director and Global Head of Restructuring, BlackRock
A comprehensive exploration of corporate restructurings—Altman, Hotchkiss and Wang have thoughtfully mapped out the terrain from which to navigate the often byzantine world of distressed investing. This volume is a must read for anyone trying to make sense of the complicated world of corporate restructurings and an indispensable resource tool for the uninitiated and serious investor alike.”
—David Matlin, Chief Executive Officer and Co-founder, MatlinPatterson Global Advisers LLC.
“This is a great book for people who want to work in the world of distressed debt and restructuring and for people who work in adjacent fields like private equity that want a practical understanding of distressed debt and restructuring. It should be required reading for any training program.”
—Michael Weinstock, Chief Executive Officer and Co-founder, Monarch Alternative Capital LP.
CHINESE EDITION
The Chinese edition of my joint book with Edward Altman and Edith Hotchkiss has been published by Renmin University Press of China in 2021. You can order the edition on most Chinese online platforms such as Taobao, JD, and Dangdang.
