LINGLING WANG. ACADEMIC APPOINTMENT Assistant Professor of Finance, A. B. Freeman School of Business, Tulane University, 07/ Present

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1 LINGLING WANG 7 McAlister Drive A.B. Freeman of Business New Orleans, LA Website: Tel: ; Fax: Updated: Sep 21, 2015 ACADEMIC APPOINTMENT Assistant Professor of Finance, A. B. Freeman of Business,, 07/ Present EDUCATION Ph.D., Finance, Georgia State University, Atlanta, GA M.B.A., International Business and Computer Information System, University of Miami, Miami, FL B.S., Economics (International Trade), Southwest Jiaotong University, Chengdu, China RESEARCH Publications 1. Culture and R 2 (with Cheol S. Eun and Steven Xiao), Journal of Financial Economics, 115 (2015): Summarized in The CFA Digest, 45 (6) June International Sourcing and Capital Structure (with Cheol S. Eun), Review of Finance, forthcoming. Other Publications Family Firms and Boards of Directors (with Huimin Li, Chip Ryan, and Baozhong Yang), ISB Insight, October - December 2013, Working Papers 3. Executive Compensation Incentives Contingent on Long-term Accounting Performance (with Zhi Li) o European Finance Association Meetings, Cambridge, 2013 o Chinese International Conference of Finance (CICF), Shanghai, 2013 o The Financial Accounting and Reporting Section Midyear Meeting, Houston, 2014 o Northern Finance Association Meetings, Lake Louise, 2015 o Presented at Case Western Reserve University, Georgia State University,, the Securities and Exchange Commission o Under 3 rd round submission at the Review of Financial Studies 4. Compensation Incentives for Nonfamily Executives in Family Firms (with Zhi Li and Chip Ryan) o European Finance Association Meetings, Copenhagen, 2012 o Summer Research Conference in Finance, Indian of Business, 2012 o Financial Management Association Meetings, Denver, CO, 2011 o Midwest Finance Association Meetings, New Orleans, 2012 o Presented at Georgia State University,, the University of New Orleans, Helsinki of Economics o Under initial submission at Management Science 5. Leading in Tough Times: The characteristics of recession-proof CEOs (with Jiaren Pang and Sheri Tice) o Tsinghua Finance Workshop, Beijing, 2013 o Presented at o Data collection finished and currently revising the paper based on presentation feedbacks.

2 6. CEO Mobility and the CEO-Firm Fit, and Firm Outcomes (with Chip Ryan) o A predecessor of this paper was presented at the FMA Doctoral Student Consortium, 2008 Financial Management Association Meetings, Denver, CO, 2011 Finance Down Under Conference 2012, Melbourne, Australia Presented at Clemson University,, Texas Christian University, Drexel University, Florida Atlantic University, University of Kansas, Rensselaer Polytechnic Institute, Georgia Institute of Technology, Louisiana State University, and the University of South Carolina o Preparing to submit to Strategic Management Journal. 7. Outside Employment Opportunities, Employee Productivity, and Debt Disciplining (with Jayant Kale and Chip Ryan) o 18 th Annual Conference on Financial Economics and Accounting, NYU, 2007 o The Steve Smith Memorial Conference at the Federal reserve bank of Atlanta, Atlanta, 2007 o Financial Management Association Meetings, Orlando, FL, 2007 Paper selected for the Top 10% Sessions o Corporate Finance Conference, University of Paris Dauphine, France, 2008 o IFABS Oxford Conference, University of Oxford, 2015 o Presented at Indian of Business, University of Mannheim, University of South Carolina, University of South Florida, Florida International University and Fordham University o Under initial submission at Journal of Banking and Finance. 8. Family Firms and Boards of Directors: Evidence from Board Tenure (with Huimin Li, Chip Ryan, and Baozhong Yang) o Summer Research Conference in Finance, Indian of Business, 2013 o Financial Management Association Meetings, 2013 o Waiting for data collection to be completed. 9. Learning, CEO Power and Board-of-Director Monitoring: Evidence from CEO Tenure (with Chip Ryan and Roy Wiggins) Work in progress: 10. Accounting-based Compensation Incentives (with Zhi Li) 11. Call another flower Rose would not make it smell as sweet: FAKE long-term incentive plans (with Zhi Li) 12. Ownership or Type? Blockholders and Firm Valuation (with Harley E. Ryan and Zhi Li) 13. The Spread of Ex-ante Severance Contracts (with Peggy Huang) Paper Presentations at Conferences and Universities o 2007: Financial Management Association Meetings (Two Papers), Orlando, Florida 18 th Annual Conference on Financial Economics and Accounting, NYU * The Steve Smith Memorial Conference at the Federal reserve bank of Atlanta, Atlanta * o 2008: Western Finance Association Annual Meetings, Hawaii Financial Management Association Meetings, Dallas, Texas Corporate Finance Conference, University of Paris Dauphine, France *, University of Kansas, Texas Christian University, Clemson University, Florida Atlantic University, Rensselaer Polytechnic Institute, Drexel University Florida International University and Fordham University * o 2009: 4 th International Conference on Asia-Pacific Financial Markets *

3 Speaker series at Indian of Business, University of Mannheim, University of South Carolina, University of South Florida * o 2010: Speaker series at Louisiana State University Speaker series at Georgia Institute of Technology * o 2011: Financial Management Association Meetings (Two Papers), Denver, Co. Brown bag series at (One Paper) Speaker series at the University of New Orleans Speaker series at the University of South Carolina * o 2012: Midwest Finance Association Meetings, New Orleans Finance Down Under Conference, Melbourne, Australia European Finance Association Meetings, Copenhagen * Summer Research Conference in Finance, Indian of Business * Brown Bag series at (Two Papers) Speaker series at the Georgia State University Northern Finance Association Meetings, Niagara Falls, Canada * The Academy of Behavioral Finance and Economics Annual meetings, New York Speaker series at Koc University * Speaker series at Seoul National Univeristy * o 2013: Speaker series at Helsinki of Economics * 8 th International Conference on Asia-Pacific Financial Markets (CAFM), Seoul * European Finance Association Meetings, Cambridge, U.K. * Chinese International Conference of Finance (CICF), Shanghai Summer Research Conference in Finance, Indian of Business * Financial Management Association Meetings * o 2014: The Financial Accounting and Reporting Section Midyear Meeting, Houston * The Securities and Exchange Commission * o 2015: Case Western Reserve University * The Securities and Exchange Commission * The Northern Finance Association meetings, Lake Louise IFABS Oxford Conference, University of Oxford * ( * denotes presentation by co-author) PROFESSIONAL SERVICES Ad-Hoc Reviewer: o The Financial Review, Review of Financial Studies, Journal of Banking and Finance Discussant: o Financial Management Association Meetings, Orlando, FL, 2007 o Financial Management Association Meetings, New York, NY, 2010 o Financial Management Association Meetings, Denver, CO, 2011 o Midwest Finance Association Meetings, New Orleans, LA, 2012 o European Finance Association Meetings, Cambridge, U.K., 2013 Program Committees: o Program Committee, Financial Management Association Meetings, 2009

4 Professional Affiliations: o American Finance Association, Western Finance Association, Financial Management Association, European Finance Association, Northern Finance Association University Services: o Finance seminar organizer, A.B. Freeman of Business,, o Finance Area Faculty recruiting, A. B. Freeman of Business,, 2010, 2011, 2012, 2013, 2014 o CELT-CE Faculty Advisory Committee member,, 2015 o Master of Finance Curriculum Committee member, A. B. Freeman of Business, Tulane University, 2012, 2013, 2014, 2015 o Darwin Fenner Fund Supervisory Board member, A. B. Freeman of Business, Tulane University, 2013, 2014 o Committee on Graduate (Masters) Studies member, A. B. Freeman of Business, Tulane University, 2013 TEACHING o : Investment in Equities teaching evaluations are in the top quartile of the business school. Most recent teaching evaluations are listed below: Satisfaction Contribution Instructor Rating Fall Fall 2014 Section Fall 2014 Section Fall 2014 Section o Georgia State University: o Principals of Corporate Finance: 4.6/5.0 o Cases and Reading in Corporate Finance: 4.3/5.0 AWARDS AND HONORS Dean s Excellence in Teaching Award (Undergraduate), 2015 Nominated for Dean s Excellence in Teaching Award (Undergraduate), 2014 Best Paper Award, 4 th Intl. Conference on Asia-Pacific Financial Markets, Seoul, 2009 Dissertation Grant, Georgia State University, 2008 Stephen D. Smith Research Fellowship, Georgia State University, 2008 MIBS Scholarship and Award of Academic Merit, University of Miami, 2000, 2001 Compaq scholarship and University Board of Director scholarship, Early Admission/Entry Exam Waived, Southwest Jiaotong University, 1995 INDUSTRY EXPERIENCE CRM Project Manager and Senior Application Specialist, New Business Development Department, Sony Latin American, Inc., Miami, FL, LANGUAGE SKILLS English (fluent), Chinese (mother tongue)

5 REFERENCES Cheol S. Eun Thomas R. Williams Chair Professor of Finance Scheller College of Business Georgia Institute of Technoledge Harley E. Chip Ryan, Jr. Associate Dean for Curriculum and Teaching Associate Professor of Finance J. Mack Robinson College of Business Georgia State University Jayant Kale Philip R. McDonald Chair Professor of Finance D Amore-McKim of Business Northeastern University Paul Spindt Senior Associate Dean and Keehn Berry Chair Professor of Banking and Finance A.B. Freeman of Business Sheri Tice A.B. Freeman Chair Professor of Finance A.B. Freeman of Business

LINGLING WANG. ACADEMIC APPOINTMENT Assistant Professor of Finance, A. B. Freeman School of Business, Tulane University, 07/2009 - Present

LINGLING WANG. ACADEMIC APPOINTMENT Assistant Professor of Finance, A. B. Freeman School of Business, Tulane University, 07/2009 - Present LINGLING WANG 7 McAlister Drive New Orleans, LA 70118-5669 Email: lwang1@tulane.edu Website: http://www.wanglingling.info Tel: 504-865-5044; Fax: 504-862-8327 Updated: Nov 30, 2015 ACADEMIC APPOINTMENT

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