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Chunchi Wu

M&T Professor of Banking and Finance
Department of Finance and Managerial Economics


PhD, University of Illinois at Urbana-Champaign
MA, Western Illinois University
Graduate School of Business Administration, National Chengchi University
BC, National Chengchi University

Vita [PDF]

Research Interests

Teaching Interests

Selected Publications

Liquidity Risk and Expected Corporate Bond Returns, (with H. Lin and J. Wang), Journal of Financial Economics, forthcoming.

Reduced-Form Valuation of Callable Corporate Bonds: Theory and Evidence, (with R. Jarrow, H. Li, and S. Liu) , Journal of Financial Economics 95, 2010, 227-248.

Are Liquidity and Information Risks Priced in the Treasury Bond Market? (with H. Li, J. Wang and Y. He), Journal of Finance 64, 2009, 467-503.

The 2000 Presidential Election and the Information Cost of Sensitive vs. Non-sensitive S&P 500 Stocks, (with Y. He, H. Lin and U. B. Dufrene), Journal of Financial Markets 12, 2009, 54-86

How Much of the Corporate Bond Spread Is Due to Personal Taxes? (with S. Liu, J. Shi and J. Wang), Journal of Financial Economics 85, 2007, 599-636 (lead article).

Daily Return Volatility, Bid-Ask Spreads and Information Flow: Analyzing the Information Content of Volume, (with J. Li), Journal of Business 79, 2006, 2697-2739.

Personal Taxes, Endogenous Default and Corporate Bond Yield Spreads, (with S. Liu and H. Qi), Management Science 52, 2006, 939-954.

The Role of Earnings Information in Corporate Dividend Decisions, (with J. Hsu and X. Wang), Management Science 44, 1998, S173-191.

Rational Expectations, Information Signalling and Dividend Adjustment to Permanent Earnings, (with C. Kao) Review of Economics and Statistics 76, 1994, 490-502.

Tests of Dividend Signalling Using the Marsh-Merton Model: A Generalized Friction Approach, (with C. Kao) Journal of Business 67, 1994, 45-68.

Information Asymmetry and the Sinking Fund Provision, Journal of Financial and Quantitative Analysis 28, 1993, 399-416.

Expectation Formation and the Financial Ratio Adjustment Processes, (with Cheng F. Lee), Accounting Review 63, 1988, 292-306; A Reply, Accounting Review 68, 1993, 953-955.

Awards, Grants and Honors

Professional Affiliations

Additional Experience

Contact Information

Chunchi Wu
M&T Professor of Banking and Finance
Finance and Managerial Economics
School of Management
University at Buffalo
335A Jacobs Management Center
Buffalo, NY 14260-4000

Tel: 716-645-0448