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Zhiguang Wang

Zhiguang Wang

Title

Associate Professor

Office Building

Harding Hall

Office

227

Mailing Address

Harding Hall 227
Economics-Box 2220
University Station
Brookings, SD 57007

Biography

Dr. Zhiguang (Gerald) Wang joined South Dakota State University in 2009 after graduating from Florida International University. Dr. Wang, Associate Professor of Finance, currently teaches Business Finance, Investments and Student Managed Investment Fund and coordinates First Dakota 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 research articles have appeared in Review of Finance, the Journal of Futures Markets, Journal of Empirical Finance, Empirical Economics, Agricultural Economics, Canadian Journal of Agricultural Economics. He has presented in numerous academic conferences and reviewed articles for academic journals. He is an associate editor for Journal of Futures Markets and the faculty advisor of the Investment Club and Student Managed Investment Fund.

Education

Ph.D., Financial Economics, Florida International University, 2009.
M.A., Finance, Shanghai University of Finance and Economics, 2004.
B.S., International Business, Jilin University, 2000.

Academic Interests/Expertise

Asset Pricing; Derivatives (Financial and Commodities), Risk Management

Academic Responsibilities

Business Finance
Financial Management
Investments
Student Managed Investment Fund

Specialty Area

  • Finance

Awards and Honors

NESS DME 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

SDDOT 2012-2013 "Selection of Inflation and Discount Rates for Infrastructure Investment Analyses"

Professional Memberships

Financial Management Association
Agricultural and Applied Economics Association
NCCC-134

Area(s) of Research

Research Interests: Asset pricing, Financial and Commodity Derivatives, Volatility, Non-Gaussian Distributions and Processes

Finance, Agricultural Commodities

Research Interests: Asset pricing, Financial and Commodity Derivatives, Volatility, Non-Gaussian Distributions and Processes

Publications (*graduate advisee)

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.

Wu, Meyers, Guan and Wang (2015). Risk-adjusted implied volatility and its performance in forecasting realized volatility in corn futures prices. Journal of Empirical Finance, 34, 260-274.

Osei* and Wang (2015). Seasonality and Stochastic Volatility in Wheat Options. Journal of Economics, XLI (1), 9-28.

Fausti, Wang, Qasmi and Diersen (2014). Risk and Marketing Behavior: Pricing Fed Cattle on a Grid. Agricultural Economics, 45(5), 601–612.

Schmitz*, Wang and Kimn (2014). A Jump Diffusion Model for Agricultural Commodities with Bayesian Analysis. Journal of Futures Markets, 34(3), 235-260.

Fausti, Wang and Lange (2013). Expected Utility, Risk, and Marketing Behavior: Theory and Evidence from the Fed Cattle Market. Canadian Journal of Agricultural Economics, 61(3):371–395.

Wang, Fausti and Qasmi (2012). Variance Risk Premiums and Predictive Power of Alternative Forward Variances in the Corn Market. Journal of Futures Markets, 32(6): 587-608.

Wang and Bidarkota (2012). Risk Premia in Forward Foreign Exchange Rates: A Comparison of Signal Extraction and Regression Methods. Empirical Economics, 42(1): 21-51.

Wang and Daigler (2011). The performance of VIX option pricing models: Empirical evidence beyond simulation. Journal of Futures Markets, 31(3): 251-281.

Wang and Bidarkota (2010). A long run risks model of asset pricing with fat tails. 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

Department(s)