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Ing-Haw Cheng

F_Cheng_IH

Ing-Haw Cheng

Associate Professor of Finance
Academic Director of MFRM Program

Degrees:

PhD, Economics, Princeton University, 2009
MA, Economics, Princeton University, 2006
BS, Mathematics, University of Chicago, 2001

Personal Website:

Bio

Ing-Haw Cheng is an Associate Professor of Finance at Rotman. He researches how beliefs and incentives affect capital markets and the economy. Recent work includes studies of volatility and commodity derivatives markets, the impact of Covid-19 and the 2008 Great Financial Crisis on markets, and new and emerging topics in economics and finance. Papers, data, and more at https://inghawcheng.github.io/.

Academic Positions

  • 2021-Present

    Associate Professor, University of Toronto, Rotman School of Management

  • 2018-2021

    Associate Professor, Dartmouth College, Tuck School of Business

  • 2013-2018

    Assistant Professor, Dartmouth College, Tuck School of Business

  • 2009-2013

    Assistant Professor, University of Michigan, Ross School of Business

Non-Academic Positions

  • 1998-2001

    Consultant, Deloitte Consulting

  • Summer 1998

    Research Assistant, Federal Reserve Bank of Chicago

Selected Publications - Papers

  • Trust in Experts and the Origins of Disagreement

    Ing-Haw Cheng, Alice Hsiaw

    Journal of Economic Theory

    2022

  • Reporting Sexual Misconduct in the #MeToo Era

    Ing-Haw Cheng, Alice Hsiaw

    American Economic Journal: Microeconomics

    2022

  • How Do Consumers Fare When Dealing with Debt Collectors?

    Ing-Haw Cheng, Felipe Severino, Richard Townsend

    Review of Financial Studies

    2021

  • Volmageddon and the Failure of Short Volatility Products

    Patrick Augustin, Ing-Haw Cheng, Ludovic Van den Bergen

    Financial Analysts Journal

    2021

  • Volatility Markets Underreacted to the Early Stages of the COVID-19 Pandemic

    Ing-Haw Cheng

    Review of Asset Pricing Studies

    2020

  • The VIX Premium

    Ing-Haw Cheng

    Review of Financial Studies

    2019

  • Yesterday's Heroes: Compensation and Risk at Financial Firms

    Ing-Haw Cheng, Harrison Hong, Jose Scheinkman

    Journal of Finance

    2015

  • Convective Risk Flows in Commodity Futures Markets

    Ing-Haw Cheng, Andrei Kirilenko, Wei Xiong

    Review of Finance

    2015

  • The Financialization of Commodity Futures Markets

    Ing-Haw Cheng, Wei Xiong

    Annual Review of Financial Economics

    2014

  • Wall Street and the Housing Bubble

    Ing-Haw Cheng, Sahil Raina, Wei Xiong

    American Economic Review

    2014

  • Why Do Hedgers Trade So Much?

    Ing-Haw Cheng, Wei Xiong

    Journal of Legal Studies

    2014

  • The Hazards of Debt: Rollover Freezes, Agency, and Bailouts

    Ing-Haw Cheng, Konstantin Milbradt

    Review of Financial Studies

    2012

  • The Effect of the Run-Up in the Stock Market on Labor Supply

    Eric French, Ing-Haw Cheng

    Economic Perspectives (Federal Reserve Bank of Chicago)

    2000

Research and Teaching Interests

Beliefs, Incentives, Capital Markets, Derivatives Markets

Honors and Awards

  • 2019

    Tuck Teaching Excellence Award, Dartmouth College, Tuck School of Business

  • 2018

    Best 40 Under 40 Business Professors, Poets and Quants

  • 2017

    Best Conference Discussant, Financial Research Association

  • 2016

    Distinguished Referee, Review of Financial Studies

  • 2015

    Harvey H. Bundy III T'68 Faculty Fellow, Dartmouth College, Tuck School of Business

  • 2013

    Best Conference Discussant, University of Michigan

  • 2011

    Standard Life Investments Best Working Paper, European Corporate Governance Institute

  • 2008

    Towbes Prize for Outstanding Teaching, Princeton University

Professional Affiliations/Memberships

  • American Economic Association

  • Finance Theory Group

  • American Finance Association

  • Western Finance Association

  • Northern Finance Association

Academic / Professional Service

  • 2022-

    Academic Director, Master of Financial Risk Management, Rotman School of Management, University of Toronto