Photo of Di (Andrew) Wu

Di (Andrew) Wu

Andrew is a 5th-year Ph.D. student of Finance. His main research interests are empirical topics in corporate finance and asset pricing, machine learning and textual analysis methods in financial research, as well as economic networks. His research has been published in the Journal of Financial Economics and received coverage from the New York Times


Yale University, BA, Mathematics and Economics


"Word Power: A New Approach for Content Analysis", with Narasimhan Jegadeesh, Journal of Financial Economics, vol. 110(1), pp. 712-729, December 2013

Working Papers

1. "Lost in Network: Financial Implications of Supply Chain Shock Cascade and Underreaction", Sep 2015

  • Job Market Paper

2. "Deciphering Fedspeak: The Information Content of FOMC Meetings", with Narasimhan Jegadeesh, Sep 2015

3. "Disclosure Timing, Information Asymmetry, and Stock Returns: Evidence from 8-K Filing Texts", with Itay Goldstein, Sep 2015

4. "Socially Responsible Investing: Good is Good, Bad is Bad", with Ravi Bansal and Amir Yaron, Sep 2015

5. "The Real Effect of Managerial Learning: A Structural Examination", with Itay Goldstein, Jan 2015

Research in Progress

"The Real Effect of Monetary Policy: Identification Using Textual Analysis", with Itay Goldstein, Feb 2015

Honors and Awards

National Science Foundation Award #CMMI1547987 ($177,030), with Jun Li and Ravi Anupindi, 2015

Robert R. Nathan Fellowship, 2015

Carlos and Rosa de la Cruz Fellowship, 2014

The Rodney L. White Center for Financial Research Grant, 2014

Irwin Friend Fellowship in Finance, 2014 (for the best second-year PhD paper)

IRRC/Millstein Center for Global Markets and Corporate Ownership Research Grant, Columbia University, with Itay Goldstein, 2013

Miller, Anderson & Sherrerd Graduate Fellowship in Finance, 2012 (for the highest score on the PhD preliminary exam)

Dean's Fellowship for Distinguished Merit, 2011-2015

In the News

"Waging War on Wages,"  The New York Times

Invited Presentations

AFA 2012, 2016 (Scheduled), Atlanta Fed (2015), MIT Sloan (2014), Columbia Millstein Center (2014)

Other Professional Activities

Program Committee, European Finance Association Annual Meeting, Lugano, Switzerland, 2014

Referee Services: Journal of Finance, Review of Financial Studies

Data and Programs

(Word grouping data: Positive wordsNegative wordsGlobal words) (Document score data)

Dissertation Committee

Itay Goldstein (Co-Chair), Amir Yaron (Co-Chair), Narasimhan Jegadeesh, Nikolai Roussanov