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关于汪康懋博士

Last month, I noticed one report about Dr. Wang Kangmao from " New threads" 
on October 21, 2001( see " Li Chi Chen Zhao" column ). I think the report 
from "Qian Jiang Wan Bao" has the intent to cheat the readers. I will give 
the proof in the following:

1.国际学者：有两篇论文获刊登于同《自然》、《科学》平级的国际权威学术
期刊SSRN（社会科学研究）。这在中国是惟一享有此国际声誉的学者。曾创立
“汪氏模型”，是对现代金融理论的重大突破。

This is totally a lie.

The whole name of SSRN is "social science research network". It is not a 
journal, but a network. It has five networks in different social science 
fields. Each of SSRN's networks has many journals in Partners. Some journals 
are top, others not. The SSRN eLibrary includes the abstracts of the 
published papers and forthcoming papers and also many downloadable full text 
working papers.

I checked SSRN ( their website: www.ssrn.com ) and found that Dr. Wang has 
four papers: one is forthcoming in Journal of Financial Research, the other 
three are still working papers(after the report from " Qian Jian Wan Bao", 
Dr. Wang submitted another two papers to SSRN). The top(or first-class) 
journals in finance are Journal of Finance(JF), Journal of Financial 
Economics(JFE), and Review of Financial Studies(RFS). The top journals in 
economics include Journal of Political Economy(JPE), Quarterly Journal of 
Economics(QJE), American Economics Review(AER), Econometrica, and Journal of 
Economic Theory(JET), etc. The journal( Journal of Financial Research ) that 
Dr Wang and his two coauthors will publish is far below these top journals. 
Many professors in top universities in US didn't publish in this journal and 
even have not heard it before. As to his other three working papers, I don't 
know whether it will be published or not. In fact, SSRN will accept almost 
all the working papers if the author wants to submit. But whether a working 
paper will be published or in which journal is still uncertain and it 
depends on the referee reports and editor's view from the journal that the 
paper was submitted to.

Having three working papers in SSRN is not a great achievement, not to say " 
international fame". Many Ph.D students in finance or economics in US will 
have three or more working papers before they graduate. To take another 
example, if you check the record of "Zhiwu Chen"( he is a professor in 
finance in Yale University), you will see that he has 15 papers in SSRN. 
Most of his published papers are in top journals in finance and economics. 
Until now, there are over ten overseas Chinese professors in finance in top 
US universities, such as Jiang Wang(MIT), Jun Pan(MIT), Ming 
Huang(Stanford), Qiang Dai(NewYork), Yihong Xia(UPenn), etc. Dr Wang Kangmao 
is way, way below them. It is  the first time for me to hear this name. As 
to "wang's model", no one heard it in finance, not to say "important 
breakthrough in Modern Finance Theory". Totally bullshit!

I found a resume of Dr. Wang Kangmao from google. Dr. Wang was born on 
1,1,1948 and has a BS in Physics in Beijing University in 1982, MS in 
Financial Management from NewYork University in 1987, and Ph.D from 
University of Strathclyde in England in 1998( no one heard this university 
before; besides, he is already 50 years old when he got his Ph.D degree). 
After that, he went to department of finance & accounting in National 
University of Singpore. He served as a fellow, so I don't know whether he is 
on tenured-track. My friend from that department of NUS told me that a 
fellow position is definitely below an assistant professor and is normally 
given to a person who doesn't have sufficient academic background. Dr. Wang 
may want to be a professor in his dream; you will see this point from his 
email address in his resume( prof_wangkm@sina.com). Maybe that is the reason 
that he wants to teach at Zhejiang University.Thus I don't believe
"他是国际金融学会学术委员，新加坡证券交易所总裁顾
问，在国际金融界和学术界有着极高的地位，被伦敦大学等多家著名大学聘为教
授".

I don't know his other achievements in business. But according to above 
proof, it is very likely he exaggerated or cheated again. I hope the 
associated departments in China spend some time to investigate the people 
before giving them "green cards" if they really want the overseas Chinese to 
go home. It is not difficult today. Otherwise,
"他对此的评价是：我与浙江大学是强
强联合" is only a joke.

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