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About Ming Dong
Ming Dong’s main research areas include corporate finance and behavioral finance. He has published work in mergers and acquisitions in top journals including Journal of Finance and Journal of Financial Economics. He has also worked in dividend policy, stock valuation modeling and option pricing. His recent interests include IPO valuation and market performance, determinants of public equity and debt issues, the effects of diversification on firm performance, the effects of stock market misvaluation on corporate investments, new issues, and mergers.
Honours
2007 Schulich Research Fellowship Award
2003 American College Paper Award, Denver, USA.
2002 Best Corporate Finance Paper Award, NFA 2002, Banff, Canada
2002 CFP Board of Standards in Chicago Research Award, USA
Recent Publications
“Misvaluation and Corporate Inventiveness,” Ming Dong, David Hirshleifer, and Siew Hong Teoh. Journal of Financial and Quantitative Analysis, forthcoming.
“Employee Flexibility, Exogenous Risk, and Firm Value,” Shiu-Yik Au, Ming Dong, and Andreanne Tremblay. Journal of Financial and Quantitative Analysis, forthcoming.
“Does the Weather Influence Global Stock Returns?” Ming Dong and Andréanne Tremblay. Critical Finance Review, forthcoming.
“How Can We Improve Inferences from Surveys? A New Look at the Convertible Debt Questions from the Graham and Harvey Survey Data,” Ming Dong, Marie Dutordoir, and Chris Veld. Journal of International Financial Markets, Institutions & Money 61 (July 2019), 213-222.
“Why Do Firms Issue Convertible Bonds?” Ming Dong, Marie Dutordoir, and Chris Veld. Critical Finance Review, 2018, 7: 111-164.
“Overvalued Equity and Financing Decisions,” Ming Dong, David Hirshleifer, and Siew Hong Teoh. Review of Financial Studies 25 (December 2012), 3645-3683.
“What Drives Security Issuance Decisions: Market Timing, Pecking Order, or Both?” Ming Dong, Igor Loncarski, Jenke ter Horst, and Chris Veld. Financial Management 41 (Fall 2012), 637-663.
“Underwriter Quality and Long-Run IPO Performance,” Ming Dong, Jean-Sébastien Michel, and J. Ari Pandes. Financial Management 40 (March 2011), 219-251.
“Does Investor Misvaluation Drive the Takeover Market?” Ming Dong, David Hirshleifer, Siew Hong Teoh, and Scott Richardson. Journal of Finance, 61 (April 2006), 725-762.
“Why Individual Investors Want Dividends,” Ming Dong, Chris Robinson and Chris Veld. Journal of Corporate Finance, 12 (December 2005), 121-158.
“A Generalized Earnings-Based Stock Valuation Model,” Ming Dong and David Hirshleifer. The Manchester School Money, Macroeconomics and Finance Supplement, 73 (2005), 1-31.
“Option Pricing with a Non-Zero Lower Bound on Stock Price,” Ming Dong. Journal of Futures Markets, 25 (2005), 775-794.
“Do Tender Offers Create Value? New Methods and Evidence,” Sanjai Bhagat, Ming Dong, David Hirshleifer, and Robert Noah. Journal of Financial Economics, 76 (2005), 3-60.
Grants
Project Title Role Award Amount Year Awarded Granting Agency Project TitleDoes Management Earnings Guidance Benefit Shareholders? RolePrincipal Co-Investigator Award Amount$47,115.00 Year Awarded2013-2015 Granting AgencySocial Sciences and Humanities Research Council of Canada Insight Development Research Grant Project TitleRationalize the Irrationality: Diffusion of Misvaluation through Economic Links RoleCo-Investigator Award Amount$52,125.00 Year Awarded2013-2016 Granting AgencySocial Sciences and Humanities Research Council of Canada Insight Grant Project Title RoleCo-Investigator Award Amount$ Year Awarded2013 Granting AgencyNational Center for the Middle Market Research Grant, USA Project TitleDivergence of Opinion, Overvaluation, and Equity Issuances RolePrincipal Investigator Award Amount$64,000.00 Year Awarded2009-2012 Granting AgencySocial Sciences and Humanities Research Council - Standard Research Grant Project TitleWhy Companies Issue Convertible Bonds: Evidence from the Canadian Market RoleCo-Investigator Award Amount$68,700.00 Year Awarded2005-2008 Granting AgencySocial Sciences and Humanities Research Council - Standard Research Grant Project TitleBehavioral finance: Does stock market misvaluation influence managerial and investor decisions RolePrincipal Investigator Award Amount$54,166.00 Year Awarded2003-2006 Granting AgencySocial Sciences and Humanities Research Council - Standard Research Grant Project Title RolePrincipal Investigator Award Amount$ Year Awarded2003 Granting AgencyDutch Science Foundation, the Netherlands Project Title RolePrincipal Investigator Award Amount$ Year Awarded2003 Granting AgencyCertified Financial Planners Board of Standards Grant, USA - Research Grant Program Project Title RolePrincipal Investigator Award Amount$ Year Awarded2002 Granting AgencyYork University - Research Grant Project Title RolePrincipal Investigator Award Amount$ Year Awarded2000 Granting AgencyFisher College of Business, Ohio State University - Travel Award to the AFA
Ming Dong
Associate Professor of Finance; Director, Financial Engineering
PhD (Ohio State)MS (New York)
BS (Fudan, China)