Paul Ma
HBS Home About Academic Programs Alumni Faculty & Research Baker Library Giving Harvard Business Review Initiatives News Recruit Map / Directions Faculty & Research Faculty Research Featured Topics Academic Units … → Harvard Business School → Faculty & Research → Faculty Faculty Positions Charles C.Y. Wang Glenn and Mary Jane Creamer Associate Professor of Business Administration Glenn and Mary Jane Creamer Associate Professor of Business Administration Charles C.Y. Wang is an associate professor of busines
From 2007 to 2016, S&P 500 firms distributed $7 trillion via buybacks and dividends, over 96% of their aggregate net income, prompting claims that “short-termism” is impairing firms’ ability to invest and innovate. We show that, accounting for both direct and indirect equity issuances, net shareholder payouts by all public firms during this period totaled only 41% of net income. And, during this decade, investment substantially increased while cash balances ballooned. In short, S&P 500 shareholder-payout fi
Charles C.Y. Wang is an associate professor of business administration in the Accounting and Management Unit and currently teaches the Business Analysis and Valuation course in the MBA elective curriculum. As a coordinator of the unit's doctoral program, Professor Wang has taught various doctoral courses and served on numerous dissertation committees. He has also taught executives in Strategic Financial Analysis for Business Evaluation as well as first-year MBAs in Financial Reporting and Control. Professor
Paul Ma