Dawei Fang
About 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.
Research areas
- Corporate Finance, Personnel Economics, Private Equity, Contests and Tournaments
Teaching areas
- Corporate Finance, Mathematics, Microeconomics