Fangfang WANG

Employment

2026 - present: Postdoctoral Researcher, Tilburg University, Netherlands

Education

2021 - 2026: Ph.D., Finance (Supervisor: Florina Silaghi), Autonomous University of Barcelona, Spain

• 2024: Visiting Ph.D. student, Finance (Supervisor: Steven Ongena), University of Zurich, Switzerland

2020 - 2021: M.Sc., Economics and Finance, Autonomous University of Barcelona, Spain

2016 - 2020: B.Sc., Accounting, Tsinghua University, China

Research Interests

Corporate Finance: Sustainable Finance (ESG, Biodiversity Risk), Financial Markets, Supply Chain, Credit Risk

Accounting: Financial Accounting, Management Accounting, Corporate Disclosure (Textual Analysis, NLP)

Publications

1. “ESG Ratings, ESG News Sentiment and Firm Credit Risk Perception”, joint with Florina Silaghi, Steven Ongena and Miguel A. García-Cestona, 2026, Financial Analysts Journal

Research Highlight: Available at the CFA Institute Research & Policy Center; CFA Institute In Practice Brief

Working Papers

2. “The Strategic ESG Talk: Managerial Responses to Pressure and Analyst Skepticism”, joint with Maosen Wang and Florina Silaghi 

Presentation: World Finance Conference (2025); 41st International Conference of the French Finance Association (2025); 32nd Finance Forum of the Spanish Finance Association (2025, Best PhD Paper Award); Adam Smith Sustainability Conference & 2nd Annual Conference of the British Accounting Review (2024)*;  XVI DEMO Workshop (2024)

3. “Earnings Call Sentiment and the CDS Market”, joint with Maosen Wang and Florina Silaghi 

Presentation: 41st International Conference of the French Finance Association (2025); 64th Southern Finance Association Annual Meeting (2024); World Finance Conference (2024); XV DEMO Workshop (2023)

4. “Anchoring on Numbers: How Quantitative Signals Distort Investor Attention to Qualitative Disclosures”, joint with Maosen Wang

5. “Friendly Hackers and Information Value: Discovery of External Vulnerability and Operational Reliability”, joint with Ricard Alcaraz Mancebo and Florian Kiesel

*Presented by co-author

Teaching Activities

Lecturer:

• Business Economics, English, B.Sc., 3.61/4.0, Autonomous University of Barcelona, 2023

Teaching Assistant:

• Fixed Income, English, M.Sc., with Luca Del Viva, ESADE Business School, 2023

• Business Economics, English, B.Sc., with Yuliya Ponomareva, Autonomous University of Barcelona, 2023

• Business Theory, Spanish, B.Sc., with Miguel A. García-Cestona, Autonomous University of Barcelona, 2023

• Business Theory, Catalan, B.Sc., with Pedro Ortín-Ángel, Autonomous University of Barcelona, 2023

• Economics of Markets, English, M.Sc., with Miguel A. García-Cestona, Autonomous University of Barcelona, 2022

Conferences

• World Finance Conference, University of Malta, Valetta, Malta, July 28 - July 31, 2025

• 32nd Finance Forum of The Spanish Finance Association (AEFIN), Public University of Navarra, Pamplona, Spain, July 2-4, 2025

• 41st International Conference of the French Finance Association (AFFI),  University of Burgundy, Dijon, France, May 26-28, 2025

• Adam Smith Sustainability Conference & 2nd Annual Conference of the British Accounting Review*, University of Edinburgh Business School, Edinburgh, UK, August 28-29, 2024

• 64th Southern Finance Association Annual Meeting, Palm Beach, Florida, US, November 20-23, 2024

• World Finance Conference, European University Cyprus, Nicosia, Cyprus, July 30 - August 2, 2024

• XVI DEMO Workshop, Autonomous University of Barcelona, Barcelona, Spain, June 13-14, 2024

• International Conference in Finance, Banking and Accounting, Montpellier Business School, Montpellier, France, September 8-9, 2023

• XV DEMO Workshop, University of the Balearic Islands, Palma, Spain, June 15-16, 2023

• 16th International Risk Management Conference,  University of Florence, Italy, July 6-7, 2023

• XIV DEMO Workshop, Autonomous University of Barcelona, Barcelona, Spain, June 14-15, 2022

• Conference on Democracy, Power and Identity in Asia*, Ulan Bator, Mongolia, November 21-22, 2020

*Presented by co-author

Discussions

• "Corporate climate-related risk and trade credit: Evidence from earnings conference calls", by Rongrong Chen, Wenxia Ge, Yuanhui Li, World Finance Conference, 2025, Malta

• "A Matter of Reputation? Negative ESG Incidents and Corporate Risk-taking Around the World", by Partha P. Roy, Andrew Marshall, Min Zhu, International Conference of the French Finance Association (AFFI), 2025, France

• "Access to Debt and Corporate Environmental Performance: Evidence from. Anti-Recharacterization Laws", by Ning Gong and  Zhiyan Wang, Southern Finance Association Annual Meeting, 2024, US

• "Ripple Effect of External Shocks on Sustainability in Supply Chains", by Teng Fei, Charlie Cai, Joanna Ye, World Finance Conference, 2024, Cyprus

Academic Services

Journal Peer Review: 

• British Journal of Management

• BRQ Business Research Quarterly (2025 Best Reviewers’ Award )

• Spanish Journal of Finance and Accounting

• Sustainability Accounting, Management and Policy Journal

Conference Review Committee: 

• FMA European Conference

References

Prof. Florina Silaghi (PhD Supervisor)

Prof. Steven Ongena (University of Zurich, Swiss Finance Institute, KU Leuven, NTNU Business School, CEPR)

Prof. Florian Kiesel (Free University of Bozen-Bolzano )