by Charles C.Y. Wang - Publications - Faculty & Research

Charles C.Y. Wang

Charles C.Y. Wang is the Tandon Family Professor of Business Administration at Harvard Business School. He is a research member of the European Corporate Governance Institute (ECGI) and an associate editor of Management Science and Journal of Accounting Research,... View Details

23 Jan 2013
Working Paper Summaries

Cost of Capital Dynamics Implied by Firm Fundamentals

Keywords: by Matthew Lyle & Charles C.Y. Wang

11 Jun 2013
Working Paper Summaries

Measurement Errors of Expected Returns Proxies and the Implied Cost of Capital

Keywords: by Charles C.Y. Wang

24 Jun 2015
Working Paper Summaries

Accounting Data, Market Values, and the Cross Section of Expected Returns World

Keywords: by Charles C.Y. Wang; Accounting

30 Nov 2020
Working Paper Summaries

Short-Termism, Shareholder Payouts, and Investment in the EU

Keywords: by Jesse M. Fried and Charles C.Y. Wang

19 Nov 2014
Working Paper Summaries

The Search for Benchmarks: When Do Crowds Provide Wisdom?

Keywords: by Charles M.C. Lee, Paul Ma & Charles C.Y. Wang

31 Jan 2013
Working Paper Summaries

Boardroom Centrality and Firm Performance

Keywords: by David F. Larcker, Eric C. So & Charles C.Y. Wang

24 Mar 2016
Working Paper Summaries

Economic Uncertainty and Earnings Management

Keywords: by Luke C.D. Stein and Charles C.Y. Wang; Financial Services

16 Oct 2019
Working Paper Summaries

Core Earnings? New Data and Evidence

Keywords: by Ethan Rouen, Eric So, and Charles C.Y. Wang

31 Mar 2018
Working Paper Summaries

Expected Stock Returns Worldwide: A Log-Linear Present-Value Approach

Keywords: by Akash Chattopadhyay, Matthew R. Lyle, and Charles C.Y. Wang; Financial Services; Accounting

26 Jan 2017
Working Paper Summaries

Relative Performance Benchmarks: Do Boards Get It Right?

Keywords: by Paul Ma, Jee Eun Shin, and Charles C.Y. Wang

07 Aug 2017
Working Paper Summaries

Governance Through Shame and Aspiration: Index Creation and Corporate Behavior in Japan

Keywords: by Akash Chattopadhyay, Matthew D. Shaffer, and Charles C.Y. Wang; Financial Services

Awards

Wyss Award for Excellence in Doctoral Student Mentoring

By: Charles C.Y. Wang

Received the Wyss Award for Excellence in Doctoral Student Mentoring in 2022. View Details

21 May 2019
Working Paper Summaries

rTSR: When Do Relative Performance Metrics Capture Relative Performance?

Keywords: by Paul Ma, Jee-Eun Shin, and Charles C. Y. Wang; Financial Services

13 Nov 2020
Working Paper Summaries

The European Commission’s Sustainable Corporate Governance Report: A Critique

Keywords: by Mark Roe, Holger Spamann, Jesse Fried, and Charles Wang

07 Jan 2020
Cold Call Podcast

Can Capitalism Be Fixed by Making Companies More Just?

Keywords: Re: Ethan C. Rouen & Charles C.Y. Wang; Financial Services

29 Mar 2018
Working Paper Summaries

Government Incentives and Financial Intermediaries: The Case of Chinese Sell-Side Analysts

Keywords: by Sheng Cao, Xianjie He, Charles C.Y. Wang, and Huifang Yin; Financial Services

06 Dec 2021
Research & Ideas

The Popular Stock Metric That Can Lead Investors Astray

economy driven by research and intellectual property that it no longer accurately signals so-called value stocks, suggests new research from Charles C.Y. Wang, Harvard Business... View Details

Keywords: by Rachel Layne

07 Jan 2020
News

Can Capitalism Be Fixed by Making Companies More Just?

2021
Working Paper

Going by the Book: Valuation Ratios and Stock Returns

By: Ki-Soon Choi, Eric So and Charles C.Y. Wang

We study the use of firms’ book-to-market ratios (B/M) in value investing and its implications for comovements in firms’ stock returns and trading volumes. We show B/M has become increasingly detached from common alternative valuation ratios over time while also... View Details

Keywords: Valuation Ratios; Book-to-market Ratios; Investment Return; Investment; Decision Making

Citation

SSRN

Read Now