Winston Wei Dou

Email and Phone
Phone: 215-746-0005

Winston Wei Dou

Winston Wei Dou
Assistant Professor of Finance
The Wharton School
University of Pennsylvania

Faculty Research Fellow
National Bureau of Economic Research
Office Location
The Wharton School
2318 Steinberg Hall - Dietrich Hall
3620 Locust Walk
Philadelphia, PA 19104


Research Interests:

  • Asset Pricing, Industrial Organization, Macroeconomics, and their Connections to Economic Growth, Corporate Finance, Financial Institutions, and International Finance;
  • Empirical Methods and Machine Learning;
  • Computational Economics.

Brief Biography:

My primary research focus lies at the intersection of finance, macroeconomics, industrial organization, empirical methods, and machine learning, in particular the impact of strategic industry competition, economic uncertainty, agency conflicts and strategic interactions, fund flows, and capital flows on the dynamics of capital markets. My research articles have appeared in top academic journals such as Econometrica, Journal of Finance, Journal of Financial Economics, Review of Financial Studies, Annals of Statistics, Journal of American Statistical Association, and Management Science. My research has received multiple academic awards, including NASDAQ Award for the Best Paper on Asset Pricing at the Western Finance Association (WFA), AAII Award for the Best Paper on Investments at the Midwestern Finance Association (MFA), Best Paper Award on Asset Pricing at the Northern Finance Association (NFA), Best Paper Award at the Red Rock Finance Conference, Richard A. Crowell Memorial Prize at PanAgora Asset Management, CFA Institute Asia-Pacific Research Exchange Award, Best Paper Award at the China International Conference in Macroeconomics, Best Paper Award at the Melbourne Asset Pricing Meeting, and Jacob Gold & Associates Best Paper Prize at the ASU Sonoran Winter Finance Conference. I also received the teaching excellence award at the Wharton School. I serve as Associate Editors at Review of Finance, Journal of Corporate Finance, and Journal of Economic Dynamics and Control.

I became an assistant professor of finance at Wharton in 2017 and has been a faculty research fellow at the National Bureau of Economic Research (NBER) since 2022. I was a Fama-Miller research visitor at the Chicago Booth School of Business during the winter term of 2023. I completed my dissertation and received my doctoral degree in financial economics at MIT, and received another doctoral degree in statistics from Yale University. I obtained a B.S. in mathematics and another B.S. in economics from Peking University in China.