Dawei Fang
Universitetslektor
Institutionen för nationalekonomi medOm Dawei Fang
Dawei's main areas of research fall within corporate finance, personnel economics and competition, focusing on developing rational choice models of financing, investment, managerial risk-taking, and incentive systems. Most of his work is related to the effects of managerial contracts and rank-based contest structures on corporate and social value, and to the problem of designing contracts or contests to maximize shareholder or social value. Specifically, he has studied the optimal contract between investors and private equity fund managers, the relation between the rank-based reward structures and managerial risk-taking, the effect of managerial risk-taking on asset markets in mutual fund tournaments, the optimal market structure for innovation and discovery, the financing arrangements for winner-take-all competitions, the effect of contest competitiveness on agent effort incentives, and the optimal contest structure for selection and/or matching. His research has been published in the Journal of Political Economy, Journal of Corporate Finance, and Journal of Economic Dynamics and Control, among others. He received the Hans Dalborg Award for excellence in financial economics research in 2020.
Before joining the University of Gothenburg, Dawei obtained PhD in Economics from the University of Oxford. He completed his master and bachelor studies in the University of Oxford and Fudan University, respectively.
Forskningsområden
- Corporate Finance, Personnel Economics, Private Equity, Contests and Tournaments
Undervisningsområden
- Corporate Finance, Mathematics, Microeconomics
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Less Competition, More
Meritocracy?
Dawei Fang, T. Noe
Journal of Labor Economics - 2022 -
Fast and slow investments in asset markets: Influences on risk
taking
Tommy Gärling, Dawei Fang, Martin Holmén, Patrik Michaelsen
Journal of Behavioral Finance - 2021 -
Meeting new peers: The effects of Morningstar category reassignment on fund flows and star
ratings
Dawei Fang, Martin HoImén, Taylan Mavruk
International Review of Financial Analysis - 2021 -
Financial risk-taking related to individual risk preference, social comparison and
competition
Tommy Gärling, Dawei Fang, Martin Holmén, Patrik Michaelsen
Review of Behavioral Finance - 2021 -
Review of behavioral explanations of how rank-based incentives influence risk taking by investment managers in mutual fund
companies
Tommy Gärling, Dawei Fang, Martin Holmen
Review of Behavioral Finance - 2020 -
Turning Up the Heat: The Discouraging Effect of Competition in
Contests
Dawei Fang, T Noe, P Strack
Journal of Political Economy - 2020 -
Dry Powder and Short Fuses: Private Equity Funds in Emerging
Markets
Dawei Fang
Journal of Corporate Finance - 2019 -
Fast and Slow Investments in Asset Markets: Influences on Risk
Taking
Tommy Gärling, Dawei Fang, Martin Holmén, Patrik Michaelsen
Behavioral Finance Working Group Conference. London: 6-7 June 2019 - 2019 -
How tournament incentives affect asset markets: A comparison between winner-take-all tournaments and elimination
contests
Dawei Fang, Martin Holmen, Daniel Kleinlercher, Michael Kirchler
Journal of Economic Dynamics and Control - 2017 -
Financial risk taking related to individual risk preference, social comparison, and
competition
Tommy Gärling, Dawei Fang, Martin Holmen, Patrik Michaelsen
Behavioral Finance Working Group Conference. London: 12-13 June 2017 - 2017 -
Skewing the Odds: Taking Risks for Rank-Based
Rewards
Dawei Fang, Thomas Noe
Econometric Society European Meeting, 2014-08-27, Toulouse; Royal Economic Society Conference, 2014-04-09, Manchester; Midwest Economic Association Conference, 2014-03-20, Evanston, Illinois; Erasmus School of Economics, 2014-11-10, Rotterdam - 2014