Professor Qingwei Wang
Teams and roles for Qingwei Wang
Head of Accounting and FinanceProfessor of Finance
Overview
Professor Qingwei Wang holds the Personal Chair of Finance at Cardiff Business School, where he also serves as the Head of the Accounting and Finance section. He is the co-founder and co-director of Cardiff Fintech Research Group, and has previously directed the Cardiff Empirical Finance Group and Centre for China Business Research. Before joining Cardiff in 2014, Professor Wang was a Lecturer in Finance at Bangor Business School, and a researcher at the Centre for European Economic Research (ZEW, Mannheim, Germany), where he engaged in projects with Deutsche Bank, German Federal Ministry of Economics and Labour, and German Science Foundation.
Professor Wang's research agenda focuses on three areas of finance: Fintech, Sustainable Finance, and Behavioural Finance. His work in Fintech investigates cryptoassets, machine learning applications, and big data investing. In Sustainable Finance, he examines ESG, CSR, greenwashing, and climate risk. In Behavioural Finance, he explores how biases like investor sentiment and attention influence financial decision-making and how technology can amplify or mitigate these human biases to affect financial markets. His contributions to the field are published in internationally recognised journals such as Journal of International Business Studies, Journal of Empirical Finance, European Financial Management, and International Journal of Forecasting.
Professor Wang's research has been recognised through best paper awards at international conferences and featured in prominent global media outlets, including Bloomberg, Reuters, and Handelsblatt. He serves as an editorial board member of British Accounting Review, an associate editor of Finance Research Letters and The European Journal of Finance, and a Guest Editor for the special issue on “Fintech and Financial Markets” at The European Journal of Finance.
My Public Value Story:
As a Professor of Finance, I view financial markets not only as mechanisms for wealth creation but also as tools for promoting sustainable development and social mobility. I strive to advance education in areas such as sustainable finance and responsible financial innovation. My research in sustainable finance and fintech explores how technology and capital can work together to build a more sustainable future.
I believe that transforming finance into a genuine force for social good requires improving financial literacy and inclusion. To contribute to this goal, I collaborate with local schools and charities to deliver interactive trading simulations and financial literacy workshops, particularly for young people from underrepresented backgrounds. These initiatives aim to broaden participation and inspire the next generation of financial leaders.
Publication
2025
- Guo, W. et al. 2025. The dual impact of on-chain and off-chain factors on Bitcoin market efficiency. The British Accounting Review 101641. (10.1016/j.bar.2025.101641)
- Li, M. et al., 2025. Sell-side financial analyst social network and forecast accuracy. International Review of Economics & Finance 103 104501. (10.1016/j.iref.2025.104501)
- Liang, W. , Eshraghi, A. and Wang, Q. 2025. Aggregate investment, economic dynamics, and predictability in the U.S. REIT market. Journal of Real Estate Finance and Economics
2024
- Feng, H. , Wang, Q. and Xiao, J. Z. 2024. Venture capital and stock price informativeness: Evidence from China. Financial Review 59 (4), pp.897-922. (10.1111/fire.12392)
- Lewis-Cheetham, J. et al. 2024. The impact of transaction costs on forecast-based trading strategy performance. Presented at: CIFEr 2024: IEEE Symposium on Computational Intelligence for Financial Engineering and Economics Hoboken, New Jersey, USA 22-23 October 2024. Proceedings of the IEEE Symposium on Computational Intelligence for Financial Engineering and Economics. IEEE. , pp.1-8. (10.1109/CIFEr62890.2024.10772810)
- Nemlioglu, I. , Ding, W. and Wang, Q. 2024. Crypto investing: a new frontier of gambling and addiction?. In: Strong, C. , Martin, B. and Chrysochou, P. eds. Advances in Blockchain Research and Cryptocurrency Behaviour. De Gruyter. , pp.53-66. (10.1515/9783110981551-004)
- Song, Q. et al., 2024. Banker directors on board and corporate tax avoidance. Journal of Empirical Finance 79 101551. (10.1016/j.jempfin.2024.101551)
2023
- Cheema, A. , Ding, W. and Wang, Q. 2023. The cross-section of January effect. Journal of Asset Management 24 , pp.513-530. (10.1057/s41260-023-00324-1)
- Cheema, A. K. , Eshraghi, A. and Wang, Q. 2023. Macroeconomic news and price synchronicity. Journal of Empirical Finance 73 , pp.390-412. (10.1016/j.jempfin.2023.08.002)
- Ding, W. et al., 2023. Technical analysis as a sentiment barometer and the cross-section of stock returns. Quantitative Finance 23 (11), pp.1617-1636. (10.1080/14697688.2023.2244991)
- Molyneux, P. et al., 2023. Bank funding constraints and stock liquidity. European Journal of Finance 29 (1), pp.1-16. (10.1080/1351847X.2022.2098046)
2022
- Zhu, D. , Wang, Q. and Goddard, J. 2022. A new hedging hypothesis regarding prediction interval formation in stock price forecasting. Journal of Forecasting 41 (4), pp.697-717. (10.1002/for.2830)
2021
- Ding, W. , Mazouz, K. and Wang, Q. 2021. Volatility timing, sentiment, and the short-term profitability of VIX-based cross-sectional trading strategies. Journal of Empirical Finance 63 , pp.42-56. (10.1016/j.jempfin.2021.05.003)
- Zhu, D. , Hodgkinson, L. and Wang, Q. 2021. Interaction and decomposition of gender difference in financial risk perception. Journal of Behavioral and Experimental Finance 30 100464. (10.1016/j.jbef.2021.100464)
2019
- Ding, W. , Mazouz, K. and Wang, Q. 2019. Investor sentiment and the cross-section of stock returns: New theory and evidence. Review of Quantitative Finance and Accounting 53 , pp.493-525. (10.1007/s11156-018-0756-z)
- Fang, Y. et al., 2019. Foreign ownership, bank information environments, and the international mobility of corporate governance. Journal of International Business Studies 50 (9), pp.1566-1593. (10.1057/s41267-019-00240-w)
2018
- Dan, Z. , Lynn, H. and Wang, Q. 2018. Academic performance and financial forecasting performance: a survey study. Journal of Behavioral and Experimental Finance 20 , pp.45-51. (10.1016/j.jbef.2018.07.002)
- Hemmings, D. , Hodgkinson, L. and Wang, Q. 2018. Heterogeneous effects of the SEC's securities offering reform. Economics Letters 170 , pp.131-135. (10.1016/j.econlet.2018.06.013)
2016
- ap Gwilym, O. et al., 2016. In search of concepts: the effects of speculative demand on stock returns. European Financial Management 22 (3), pp.427-449. (10.1111/eufm.12067)
2015
- Goddard, J. , Kita, A. and Wang, Q. 2015. Investor attention and FX market volatility. Journal of International Financial Markets, Institutions and Money 38 , pp.79-96. (10.1016/j.intfin.2015.05.001)
2014
- ap Gwilym, O. , Kita, A. and Wang, Q. 2014. Speculate against speculative demand. International Review of Financial Analysis 34 , pp.212-221. (10.1016/j.irfa.2014.03.001)
- Kuang, P. , Schröder, M. and Wang, Q. 2014. Illusory profitability of technical analysis in emerging foreign exchange markets. International Journal of Forecasting 30 (2), pp.192-205. (10.1016/j.ijforecast.2013.07.015)
2011
- Fitzenberger, B. , Kohn, K. and Wang, Q. 2011. The erosion of union membership in Germany: determinants, densities, decompositions. Journal of Population Economics 24 (1), pp.141-165. (10.1007/s00148-009-0299-7)
2010
- Dick, C. D. and Wang, Q. 2010. The economic impact of the Olympic Games: evidence from stock markets. Applied Economics Letters 17 (9), pp.861-864. (10.1080/13504850802552291)
- Schrimpf, A. and Wang, Q. 2010. A reappraisal of the leading indicator properties of the yield curve under structural instability. International Journal of Forecasting 26 (4), pp.836-857. (10.1016/j.ijforecast.2009.08.005)
2009
- Wang, Q. 2009. Alternative methods for a forward-looking assessment of potential GDP growth. In: Hauptmeier, S. et al., Projecting Potential Output: Methods and Problems. Physica-Verlag. , pp.141-160.
Articles
- ap Gwilym, O. , Kita, A. and Wang, Q. 2014. Speculate against speculative demand. International Review of Financial Analysis 34 , pp.212-221. (10.1016/j.irfa.2014.03.001)
- ap Gwilym, O. et al., 2016. In search of concepts: the effects of speculative demand on stock returns. European Financial Management 22 (3), pp.427-449. (10.1111/eufm.12067)
- Cheema, A. , Ding, W. and Wang, Q. 2023. The cross-section of January effect. Journal of Asset Management 24 , pp.513-530. (10.1057/s41260-023-00324-1)
- Cheema, A. K. , Eshraghi, A. and Wang, Q. 2023. Macroeconomic news and price synchronicity. Journal of Empirical Finance 73 , pp.390-412. (10.1016/j.jempfin.2023.08.002)
- Dan, Z. , Lynn, H. and Wang, Q. 2018. Academic performance and financial forecasting performance: a survey study. Journal of Behavioral and Experimental Finance 20 , pp.45-51. (10.1016/j.jbef.2018.07.002)
- Dick, C. D. and Wang, Q. 2010. The economic impact of the Olympic Games: evidence from stock markets. Applied Economics Letters 17 (9), pp.861-864. (10.1080/13504850802552291)
- Ding, W. et al., 2023. Technical analysis as a sentiment barometer and the cross-section of stock returns. Quantitative Finance 23 (11), pp.1617-1636. (10.1080/14697688.2023.2244991)
- Ding, W. , Mazouz, K. and Wang, Q. 2019. Investor sentiment and the cross-section of stock returns: New theory and evidence. Review of Quantitative Finance and Accounting 53 , pp.493-525. (10.1007/s11156-018-0756-z)
- Ding, W. , Mazouz, K. and Wang, Q. 2021. Volatility timing, sentiment, and the short-term profitability of VIX-based cross-sectional trading strategies. Journal of Empirical Finance 63 , pp.42-56. (10.1016/j.jempfin.2021.05.003)
- Fang, Y. et al., 2019. Foreign ownership, bank information environments, and the international mobility of corporate governance. Journal of International Business Studies 50 (9), pp.1566-1593. (10.1057/s41267-019-00240-w)
- Feng, H. , Wang, Q. and Xiao, J. Z. 2024. Venture capital and stock price informativeness: Evidence from China. Financial Review 59 (4), pp.897-922. (10.1111/fire.12392)
- Fitzenberger, B. , Kohn, K. and Wang, Q. 2011. The erosion of union membership in Germany: determinants, densities, decompositions. Journal of Population Economics 24 (1), pp.141-165. (10.1007/s00148-009-0299-7)
- Goddard, J. , Kita, A. and Wang, Q. 2015. Investor attention and FX market volatility. Journal of International Financial Markets, Institutions and Money 38 , pp.79-96. (10.1016/j.intfin.2015.05.001)
- Guo, W. et al. 2025. The dual impact of on-chain and off-chain factors on Bitcoin market efficiency. The British Accounting Review 101641. (10.1016/j.bar.2025.101641)
- Hemmings, D. , Hodgkinson, L. and Wang, Q. 2018. Heterogeneous effects of the SEC's securities offering reform. Economics Letters 170 , pp.131-135. (10.1016/j.econlet.2018.06.013)
- Kuang, P. , Schröder, M. and Wang, Q. 2014. Illusory profitability of technical analysis in emerging foreign exchange markets. International Journal of Forecasting 30 (2), pp.192-205. (10.1016/j.ijforecast.2013.07.015)
- Li, M. et al., 2025. Sell-side financial analyst social network and forecast accuracy. International Review of Economics & Finance 103 104501. (10.1016/j.iref.2025.104501)
- Liang, W. , Eshraghi, A. and Wang, Q. 2025. Aggregate investment, economic dynamics, and predictability in the U.S. REIT market. Journal of Real Estate Finance and Economics
- Molyneux, P. et al., 2023. Bank funding constraints and stock liquidity. European Journal of Finance 29 (1), pp.1-16. (10.1080/1351847X.2022.2098046)
- Schrimpf, A. and Wang, Q. 2010. A reappraisal of the leading indicator properties of the yield curve under structural instability. International Journal of Forecasting 26 (4), pp.836-857. (10.1016/j.ijforecast.2009.08.005)
- Song, Q. et al., 2024. Banker directors on board and corporate tax avoidance. Journal of Empirical Finance 79 101551. (10.1016/j.jempfin.2024.101551)
- Zhu, D. , Hodgkinson, L. and Wang, Q. 2021. Interaction and decomposition of gender difference in financial risk perception. Journal of Behavioral and Experimental Finance 30 100464. (10.1016/j.jbef.2021.100464)
- Zhu, D. , Wang, Q. and Goddard, J. 2022. A new hedging hypothesis regarding prediction interval formation in stock price forecasting. Journal of Forecasting 41 (4), pp.697-717. (10.1002/for.2830)
Book sections
- Nemlioglu, I. , Ding, W. and Wang, Q. 2024. Crypto investing: a new frontier of gambling and addiction?. In: Strong, C. , Martin, B. and Chrysochou, P. eds. Advances in Blockchain Research and Cryptocurrency Behaviour. De Gruyter. , pp.53-66. (10.1515/9783110981551-004)
- Wang, Q. 2009. Alternative methods for a forward-looking assessment of potential GDP growth. In: Hauptmeier, S. et al., Projecting Potential Output: Methods and Problems. Physica-Verlag. , pp.141-160.
Conferences
- Lewis-Cheetham, J. et al. 2024. The impact of transaction costs on forecast-based trading strategy performance. Presented at: CIFEr 2024: IEEE Symposium on Computational Intelligence for Financial Engineering and Economics Hoboken, New Jersey, USA 22-23 October 2024. Proceedings of the IEEE Symposium on Computational Intelligence for Financial Engineering and Economics. IEEE. , pp.1-8. (10.1109/CIFEr62890.2024.10772810)
Research
Research interests
- Fintech
- Machine learning and big data investing
- Behavioral Finance
- Investment Strategies
- Climate change
Invited talks and seminars
-
Bangor University, University of Bath, Centre for European Economic Research (Germany), European Central Bank, University of Glasgow, Goethe University Frankfurt, Heriot-Watt University, Loughborough University, University of Reading, Xi’an Jiaotong-Liverpool University, Anhui University of Finance and Economics, Sun Yat-sen University, Xiamen University, University of Bremen, Wales Tech Week.
Visiting Research
-
Centre for European Economic Research, University of Freiburg, Anhui University of Finance and Economics, University of Bremen
Teaching
Current Teaching commitments
- Market Microstructure and Electronic Trading (Postgraduate module leader)
Previous Teaching commitments
- Research Topics in Finance (Postgraduate module leader)
- Market Microstructure and Trading System (Postgraduate module leader)
- International Corporate Finance (Postgraduate module leader)
- International Corporate Finance (Undergraduate module leader)
Biography
Academic Employment
- Personal Chair in Finance, Cardiff Business School, August 2022 - present
- Reader in Finance, Cardiff Business School, September 2019 - July 2022
- Senior Lecturer in Finance, Cardiff Business School, September 2014 - July 2019
- Lecturer (Assistant Professor) in Finance, Bangor Business School, March 2010 - August 2014
- Research Fellow, Centre for European Economic Research, Mannheim, Germany, September 2005 - January 2010
Qualifications
- PGCert in Higher Education, 2014
- Ph.D. in Finance, University of Mannheim
- M.A. in Economics and Management Science, Humboldt University at Berlin
- LL.B. in International Economic Law, Fudan University
- B.A. in Economics, Anhui Normal University
Current administrative roles
- Head of Accounting and Finance
- Co-director of Cardiff Fintech Research Group
Past administrative role
- Director of Centre for China Business Research
- Director of Cardiff Empirical Finance Group
- MSc Finance Programme Director
- Academic Misconduct Co-ordinator
- Member of the Research Commitee
Editorial board member of:
Media contributions
- Television interviews: Phoenix CNE
- Research featured in: Bloomberg, Reuters, Handelsblatt, WirtschaftsWoche, Europe Business & Lifestyle (invited article)
Recent public talks
- Keynote at the conference “China’s Financial Openness and Development in the PostCovid-19 Era”, virtual, 2021
- Panel talk, “Blockchain Research: Digital Assets and beyond”, Wales TechWeek, 2020
- Panel talk, ESRC Sparking Impact Workshop on "Unlocking the potential of blockchain", Cardiff, 2019
External examiner
- Postgraduate in Finance & Management at University of Bristol
- Msc programme in finance at Open University
- Msc programme in macro and monetary economics, and finance at Birmingham University (2017-
2021)
Refereeing
- Grant reviewer: ESRC, Swiss National Science Foundation, Xi'an Jiaotong-Liverpool University, Cardiff University
- Journals: British Journal of Management, British Accounting Review, Journal of Banking and Finance, International Journal of Forecasting, International Journal of Finance and Economics, Journal of Financial Stability, European Journal of Finance, Accounting Horizons, Quantitative Finance, International Review of Financial Analysis, Review of Quantitative Finance and Accounting, Journal of Behavioral Finance, Review of Behavioral Finance, Journal of Forecasting, Journal of Economics and Statistics, Emerging Markets Finance and Trade, Central Bank Review
Honours and awards
- Best AFS Paper Award at the AFS 2025 Conference, 2025
- Best Paper Award at the 8th China Finance and Accounting Conference, 2024
- Best (PhD) Paper Award at the 2024 Edinburgh World-Class Workshop in Fintech and Sustainable Finance, 2024
- EFMA-WRDS Best Conference Research Award Nominations, 2024
- Best Paper Finalist Award at the 21st China Symposium on Empirical Accounting, 2022
- Best Paper Award at the 22nd BAFA SIG-AFEE Workshop on Accounting and Finance in Emerging Economies, 2022
- Best Academic Programme finalist, Fintech Wales Awards, 2021, 2022, 2023
- Best Paper Award, 12th Global Business and Social Science Research Conference, 2016
Professional memberships
- Member of Society for Experimental Finance
- Fellow of Higher Education Academy
- Research Associate of Centre for European Economic Research, Germany
Supervisions
Please note that due to a large number of existing PhD students, I am currently unable to accept new ones.
PhD supervision interests:
- Fintech, including cryptoassets, machine learning and big data investing
- Investor sentiment, investor attention and information acquisition
- Investment strategies
- Climate change
Additional Current PhD students:
- James Lewis-Cheetham
Placements of past PhD students:
- Bangor University, Cardiff University, University of Southampton, University of Northampton, Greenwich University, Groningen University, etc.
PhD examinations:
- Bangor University, Birmingham University, Cardiff University (internal), Durham University, IFHE University, Newcastle University, Strathclyde University, Swansea University, Xi’an Jiaotong-Liverpool University.
Current supervision
Karima Alharbi
Samar Al-Bawab
Razan Ibrahim Altowairqi
Yixuan Zhang
Junwei Yu
Zixiao Xing
Shahad Aldousari
Contact Details
+44 29208 75514
Aberconway Building, Room F28, Colum Road, Cathays, Cardiff, CF10 3EU
Research themes
Specialisms
- Finance
- fintech
- corporate sustainability