Wei-Ling Song has been a member of the E.J. Ourso College of Business at Louisiana
State University since 2005 and a research fellow of Wharton Financial Institutions
Center since 2003. Professor Song's research focuses on how information asymmetry
shapes the behavior of players in the financial markets and the roles of these participants
in the financial systems. She is interested in the empirical testing of self-selection,
signaling, and moral hazard - the games that agents play in the area of finance. Her
work on underwriting syndicate formation won the 2002 FMA Competitive Paper Awards
in the area of Financial Institutions. She has published articles in the Journal of
Finance, the Journal of Financial Economics, the Journal of Financial and Quantitative
Analysis, and Journal of Corporate Finance. Professor Song taught at Drexel University
from 1999 to 2005. Her teaching responsibility includes Fundamentals of Financial
Analysis, Risk Management, and Financial Institutions and Markets in the MBA Program.
She also taught Seminar in Finance, Introduction to Finance, and Financial Management
at the undergraduate level. Professor Song has a B.A. in Agricultural Chemistry from
National Taiwan University, an M.S. in Food Science, specializing in sensory evaluation
and wine, from the University of California, Davis, an MBA in Finance, and an M.A.
in Economics and a Ph.D. in Finance from Michigan State University. Prior to attending
graduate schools in U.S., Professor Song worked as a TV program hostess and executive
producer in Taiwan.
Song, W. and Wang, H. (2020). Do Institutional Investors Know Banks Better: Evidence
from Institutional Trading Surrounding the 2008 Financial Crisis. Journal of Accounting,
Auditing, and Finance, 35(4), 777-802.
Mao, C. and Song, W. (2020). Does Reciprocity Affect Analysts' Incentives to Release
Timely Information? Evidence from Syndication Relationships in Securities Underwriting.
Song, W. and Wan, K. (2019). Does CEO Compensation Reflect Managerial Ability or Managerial
Power?Evidence from the Compensation of Powerful CEOs. Journal of Corporate Finance,
Song, W. and Wan, K. (2017). Explicit Employment Contracts and CEO Compensation. Journal
of Corporate Finance, 44, 540-560.
Song, W. and Uzmanoglu, C. (2016). TARP Announcement, Bank Health, and Borrowers'
Credit Risk. Journal of Financial Stability, 22, 22-32.
Song, W. and Shivdasani, A. (2011). Breaking Down the Barriers: Competition, Syndicate
Structure, and Underwriting Incentives. Journal of Financial Economics, 99, 581-600.
Song, W. (2004). Competition and Coalition among Underwriters: The Decision to Join
a Syndicate. Journal of Finance, 59, 2421-2444.
Song, W. and Szewczyk, S. H. (2003). Does Coordinated Institutional Investor Activism
Reverse the Fortune of Underperforming Firms?'. Journal of Financial and Quantitative
Analysis, 38, 317-336.
Teaching Interests: Corporate Finance, Risk Management, Financial Markets and Institutions,
Research Interests: Financial Intermediation and Institutions, Corporate Finance and
- Best Paper, Midwest Finance Association, 2015
- Research Excellence Award, E. J. Ourso College of Business, Louisiana State University,
- Best paper, 2009 NTU International Conference on Economics, Finance, and Accounting, Taipei, Taiwan, 2009
- Financial Management Association, 2002
Song, W., Hu, J., Sanger, G. C., and Chen, J. (2019, August). Flow Toxicity and Bank
Equity Holdings. Presented at 2019 JAAF conference sponsored by Journal of Accounting,
Audit, and Finance, Santiago, Chile .
Sanger, G. C., Song, W., and Chen, J. (2018, December). The Relationship Insurance
Role of Financial Conglomerates: Evidence from Earnings Announcements. Presented at
Journal of Corporate Finance (JCF) Special Issue Conference sponsored by Journal of
Corporate Finance, Hong Kong.
Sanger, G. C, Song, W., Hu, ., and Chen, J. (2018, November). The Market Microstructure
Effects of Bank Equity Holdings. Presented at Southern Finance Association sponsored
by Southern Finance Association, Asheville, NC.
Chen, J., Sanger, G. C., and Song, W. (2013, November). The Relationship Insurance
Role of Financial Conglomerates:. Presented at Southern Finance Association sponsored
by Southern Finance Association, Fajardo, Puerto Rico.
Allen, F. and Song, W. (2003). Venture Capital and Corporate Governance In Peter K.
Cornelius and Bruce Kogut (Ed.), Corporate Governance and Capital Flows in a Global
Economy (pp. 133-156). New York: Oxford University Press.