Photo of Di (Andrew) Wu

Di (Andrew) Wu

Research Interests: empirical topics in corporate finance and asset pricing, machine learning and textual analysis, economic networks

Links: CV, Open CV in New Window

Contact Information

Address: 2403 Steinberg-Dietrich Hall, 3620 Locust Walk, Philadelphia, PA 19104
Email: wudi1@wharton.upenn.edu
Mobile: (215) 808-4835

Overview

Andrew is a 5th-year Ph.D. student of Finance and is on the job market. 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

Education

Yale University, BA, Mathematics and Economics

Publications

"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. "Shock Spillover and Financial Response in Supply Chain Networks: Evidence from Firm-Level Data", Dec 2015

  • Job Market Paper
  • Winner, BlackRock Applied Research Award, Nov 2015
  • Winner, WFA-CFAR Best Finance Ph.D. Dissertation Award in honor of Professor Stuart I. Greenbaum, Nov 2015
  • Winner, National Science Foundation Award #CMMI1547987 (with Co-PIs), Aug 2015

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

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

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

  • Presented at MIT Sloan, Master of Finance Program

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 and Narasimhan Jegadeesh, June 2015

"Asset Pricing in Supply Chain Networks", June 2015

"The Pricing of Cybersecurity Risks", with Matt Bosack, Allon Guez, and Amir Yaron, May 2015

Honors and Awards

WFA-CFAR Best Finance Ph.D. Dissertation Award in honor of Professor Stuart I. Greenbaum, 2015

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 2016 (Scheduled, 2 Papers), AFA 2012, Olin WFA-CFAR Conference (2015), Atlanta Fed (2015), MIT Sloan Master of Finance Program (2014), Columbia Millstein Center (2014)

Referee and Professional Services

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), Todd GormleyNarasimhan Jegadeesh, Nikolai Roussanov

 

Research


  • Di (Andrew) Wu (Draft), Shock Spillover and Financial Response in Supply Chain Networks: Evidence from Firm-Level Data.
  • Di (Andrew) Wu, Narasimhan Jegadeesh (Draft), Deciphering Fedspeak: The Information Content of FOMC Meetings.
  • Di (Andrew) Wu, Itay Goldstein (Draft), Disclosure Timing, Information Asymmetry, and Stock Returns: Evidence from 8-K Filing Texts.
  • Di (Andrew) Wu, Amir Yaron, Ravi Bansal (Draft), Socially Responsible Investing: Good is Good, Bad is Bad.
  • Di (Andrew) Wu, Itay Goldstein (Draft), The Real Effect of Managerial Learning: A Structural Examination.
  • Narasimhan Jegadeesh, Di (Andrew) Wu (2013), Word Power: A New Approach for Content Analysis, Journal of Financial Economics, 110, 712 - 729.

Awards And Honors

  • Olin Business School Best Finance Ph.D. Dissertation Award in honor of Professor Stuart I. Greenbaum, 2015
  • Robert R. Nathan Fellowship, 2015 Description
  • National Science Foundation Award #CMMI1547987, 2015-2017 Description
  • The Rodney L. White Center for Financial Research Grant, 2014 Description
  • Carlos and Rosa de la Cruz Fellowship, 2014 Description
  • Irwin Friend Fellowship in Finance, 2013 Description
  • IRRC/Millstein Center for Global Markets and Corporate Ownership Research Grant, 2013 Description
  • Miller, Anderson & Sherrerd Graduate Fellowship in Finance, 2012 Description
  • Wharton Dean's Fellowship for Distinguished Merit, 2011-2015 Description
  • Max E. Reba and Richter Fellowship in Economics, 2006 Description

In The News

Teaching

Spring 2013, Fall 2013, Spring 2014, Fall 2014:

FNCE 205/720, Investment Management (MBA/UG)

Spring 2013:

FNCE 613, Macroeconomics and Global Economy (MBA)

FNCE 239/739, Behavioral Finance (MBA/UG)

Fall 2012:

FNCE 728, Advanced Corporate Valuations (MBA)