Wei Wu

Assistant Professor of Finance

"An investment in knowledge pays the best interest." - Benjamin Franklin


Finance is both an art and a science. Mechanically interpreting model results is a recipe for disaster. Optimal decision making takes a combination of factors including your vision, your experience, and your interpretation of financial models. This skill set needs many years of training and practice. Taking finance classes at Atkinson is a good start.

Fixed income is the counterpart of equity, which obligates the borrower/issuer to make payments on a fixed schedule. Issuing fixed income securities such as debt is an important way to raise capital, especially for governments and non-profit organizations.

Derivatives are not all created equal. Some are toxic; some are perfectly safe. They are crucial to effective risk management.


Wei Wu is an assistant professor of finance at the Atkinson Graduate School of Management at Willamette University. His current research revolves around two streams. The first stream is in the domain of credit risk modeling and its implications for security design and financial regulations. The second stream draws upon investment-based asset pricing to study credit friction and linkage between stock and bond markets.

Professor Wu has delivered presentations at major professional conferences and to organizations, including Bank of America. Wu was the recipient of the Fisher-Long-Whitcomb Teaching Excellence Award at Rutgers University in New Jersey in 2006.

Professor Wu received his Ph.D. in 2009 from Rutgers University and earned a B.A. in Economics from the University of Colorado. He is fluent in Chinese.

Personal Interests
Professor Wu enjoys basketball, tennis, and hiking in the Pacific Northwest. He also enjoys working on vehicles mechanically.


  • Ph.D., Rutgers University
  • M.B.A., Rutgers University
  • B.A., University of Colorado

Areas of Instruction and Research Interests

Teaching: Credit Risk and Fixed Income, Derivatives and Risk Management, Macroeconomics and Financial Systems.

Research: Credit Risk, Derivatives, Asset pricing

Selected Publications

Couch, R., Dothan, M., and Wu, W. (2012) “Interest Tax Shields: A Barrier Options Approach,” Review of Quantitative Finance and Accounting, 39(1): 123-146.

Couch, R. and Wu, W. (2012) “Private Investment and Public Equity Returns,” Journal of Economics and Business, 64(2): 160-184.

Ahn, M., Couch, R. and Wu, W. (2011) “Financing Development Stage Biotechnology Companies: Reverse Mergers vs. Initial Public Offerings,” Journal of Health Care Finance, 38 (1), 32-54.

“Testing Lead-Lag Effects under Game-Theoretic Efficient Market Hypotheses, with Glenn Shafer, Revise and Resubmit.

“Testing Conflicts of Interest at Bond Rating Agencies” with Xing Zhou, working paper.

“CoCo Bonds and its Implications for Bank Regulations,” with Michael Imerman, working paper.

Selected Presentations

Midwest Finance Association 2012 Annual Meeting, New Orleans, February 2012

Eastern Finance Association 2012 Annual Meeting, Boston, April 2012

Financial Management Association 2010 Annual Meeting, New York City, October 2010

Midwest Finance Association 2011 Annual Meeting, Chicago, March 2011

Washington Area Finance Association 14th Annual Meeting, George Mason University, May 2007

Financial Management Association 2007 Annual Meeting, Orlando, Florida, October 2007