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BS (Fudan, China); MS (New York); PhD (Ohio State)
Associate Professor of Finance
Area(s):
Finance
E-mail:
mdong@schulich.yorku.ca
Telephone:
(416) 736-2100 ext. 77945
Office:
Room N221, SSB
RESEARCH
Areas of Expertise
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Corporate finance; behavior of investors, financial analysts, and firms under market inefficiency; stock market under- and over-reactions; stock valuation modelling and applications; return predictability; asset pricing |
Current Research Projects
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Firm valuation, investments, and stock performance; causes and interaction of the momentum and book-to-market effects; long-run stock performance of merger firms; dynamic stock valuation models and return predictability |
TEACHING
2000 - Present
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Schulich School of Business, York University |
Teaching Area/s
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Finance |
Courses Taught
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Managerial Finance; Investments; Introduction to Finance; Topics in Corporate Finance |
Previous Appointments
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Teaching Assistant and Instructor, Finance Department, The Ohio State University, Columbus Ohio, 1995-2000; Teaching Assistant, Physics Department, New York University, 1992-1995 |
Professional and Teaching Awards
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American College Paper Award, Denver, 2003
Best Corporate Finance Paper Award, Northern Finance Association Meetings, 2002
Fisher College of Business Travel Award to American Finance Association Meetings, 2000
Fermi National Accelerator Laboratory Fellowship, New York University, 1993 |
WORK EXPERIENCE
PROFESSIONAL LEADERSHIP
- Ad hoc referee for: Journal of Finance, Management Science, Administrative Science Quarterly, Journal of Banking and Finance, Journal of Corporate Finance, Pacific Basin Finance Journal, Review of Futures Markets, Social Sciences and Humanities Research Council of Canada, Research Grants Council of Hong Kong
REPRESENTATIVE PUBLICATIONS
Refereed Full Journal Papers
“Does Investor Misvaluation Drive the Takeover Market?” with David Hirshleifer, Siew Hong Teoh, and Scott Richardson, Journal of Finance, 61 (2006), 725-762.
“Do Tender Offers Create Value? New Methods and Evidence,” with Sanjai Bhagat, David Hirshleifer, and Robert Noah, Journal of Financial Economics, 76 (2005), 3-60.
[Lead Article]
“Why Individual Investors Want Dividends,” with Chris Robinson and Chris Veld, Journal of Corporate Finance, 12 (2005), 121-158.
“Option Pricing with a Non-Zero Lower Bound on Stock Price,” Journal of Futures Markets, 25 (2005), 775-794.
“A Generalized Earnings-Based Stock Valuation Model,” with David Hirshleifer, forthcoming The Manchester School Money, Macroeconomics and Finance Supplement, 73 (2005), 1-31.
[Lead Article]
Other Conference Proceedings
Academic Presentations
“Stock Market Misvaluation and Corporate Investment,” China International Conference in Finance, Chengdu, China, July 2007; University of Notre Dame, May 2006.
“Does Investor Misvaluation Drive the Takeover Market?” National Bureau of Economic Research, Behavioral Finance Program Meeting, Chicago, IL, April 2003; Behavioral Finance Program, April, 2003, University of Chicago; Western Finance Association Meetings, Los Cabos, Mexico, June 18-21, 2003; European Finance Association Meetings, August 20-23, 2003, Glasgow, Scotland; Analyzing Conflict: Insights from the Natural and Social Sciences conference, UCLA, April 25, 2003; China International Conference in Finance, Kunming, China, 2005.
“Do stocks benefit from the 2003 tax cut?” Northern Finance Association meeting, St. John’s, Canada, September 2004.
“Why Individual Investors Want Dividends,” APFA-conference, Hamburg, Germany, 2002; Multinational Finance Society conference, Montreal, Canada, 2003; Financial Management meetings, Denver, 2003; Academy of Financial Service meetings, Denver, 2003; Northern Finance Association meetings, St. John’s, Canada, 2004.
“Do Takeovers Create Value? New Methods and Evidence,” Northern Finance Association annual meeting, Banff, Canada, 2002.
“Investing with a Stock Valuation Model,” Berkeley Program in Finance, 1999; American Finance Association annual meeting, Boston, 2000; Northern Finance Association annual meeting, Banff, 2002.
“A General Model of Stock Valuation,” Northern Finance Association annual meeting, Halifax, 2001.
“Option Pricing with a Shifting Bound of Stock Price,” Financial Management Association annual meeting, Seattle, 2000.
CURRICULUM VITAE
Name
Ming Dong
Rank
Associate Professor, Finance
Status
Tenure Track
Education
1995 - 2000 Ph.D. Finance, The Ohio State University
1992 - 1995 M.S. Physics, New York University
1984 - 1988 B.S., Fudan University, Shanghai, China
Employment History
2006 - Associate Professor of Finance, York Univerisity
2000 - 2006 Assistant Professor of Finance, York University
1995 - 2000 Research Assitant and Teaching Assistant, Department of Finance, The Ohio State University
1992 - 1995 Research Assistant and Teaching Assistant, Department of Physics, New York University
Honours
2003 American College Paper Award, Denver
2002 Best Corporate Finance Paper Award, Northern Finance Association Meetings
2000 Fisher College of Business Travel Award to American Finance Association Meetings
1995 - 2000 Ohio State University Graduate Scholarship
1993 Fermi National Accelerator Laboratory Fellowship
1992 - 1995 New York University Graduate Scholarship
Scholarly and Professional Activities
Ad hoc referee for: Journal of Finance, Management Science, Journal of Banking and Finance, Journal of Corporate Finance, Administrative Science Quarterly, Pacific Basin Finance Journal, Review of Futures Markets, SSHRC, Research Grants Council of Hong Kong.
Graduate Courses Taught
FINE 5200 – Managerial Finance
FINE 7200 – Topics in Corporate Finance
Research Funding
2005-2008 Social Sciences and Humanities Research Council of Canada (SSHRC) Research Grant (as Co-Investigator)
2003-2006 Social Sciences and Humanities Research Council of Canada (SSHRC) Research Grant (as Principal Investigator)
2003 Certified Financial Planners Board of Standards Grant, USA
2002 CFP Board of Standards in Chicago Research Award, USA
Publications
Books
Refereed Full Journal Papers
“Does Investor Misvaluation Drive the Takeover Market?” with David Hirshleifer, Siew Hong Teoh, and Scott Richardson, Journal of Finance, 61 (2006), 725-762.
“Do Tender Offers Create Value? New Methods and Evidence,” with Sanjai Bhagat, David Hirshleifer, and Robert Noah, Journal of Financial Economics, 76 (2005), 3-60.
[Lead Article]
“Why Individual Investors Want Dividends,” with Chris Robinson and Chris Veld, Journal of Corporate Finance, 12 (2005), 121-158.
“Option Pricing with a Non-Zero Lower Bound on Stock Price,” Journal of Futures Markets, 25 (2005), 775-794.
“A Generalized Earnings-Based Stock Valuation Model,” with David Hirshleifer, forthcoming The Manchester School Money, Macroeconomics and Finance Supplement, 73 (2005), 1-31.
[Lead Article]
Refereed Conference Proceedings
Other Conference Proceedings
Conference and Seminar Presentations
“Does Investor Misvaluation Drive the Takeover Market?” National Bureau of Economic Research, Behavioral Finance Program Meeting, Chicago, IL, April 2003; Behavioral Finance Program, April, 2003, University of Chicago; Analyzing Conflict: Insights from the Natural and Social Sciences conference, UCLA, April 25, 2003; Western Finance Association Meetings, Los Cabos, Mexico, June 18-21, 2003; European Finance Association Meetings, August 20-23, 2003, Glasgow, Scotland; Columbia University, September 2002; Harvard Business School, September 2002; York University, Canada, September 2002; Tilburg University, August 2003; New York University, November 2003; China International Conference in Finance, Kunming, China, 2005.
“Do stocks benefit from the 2003 tax cut?” Northern Finance Association meeting, St. John’s, Canada, September 2004.
“Why Individual Investors Want Dividends,” APFA-conference, Hamburg, Germany, August 2002; Multinational Finance Society conference, Montreal, Canada, June 2003; Financial Management meetings, Denver, October 2003; Academy of Financial Service meetings, Denver, October 2003; Northern Finance Association meetings, St. John’s, Canada, September 2004; Erasmus University Rotterdam, 2003; HEC Montreal, 2003; York University, October 2003; McMaster University, January 2004; Simon Fraser University, January 2004; Tilburg University, 2004; University of Calgary, January 2004; University of Waterloo, February 2004.
“Do Takeovers Create Value? New Methods and Evidence,” University of Michigan Business School, 2001; York University, May 2002; Northern Finance Association annual meeting, Banff, Canada, 2002.
“A General Model of Stock Valuation,” Ohio State University, 1999; Northern Finance Association annual meeting, Halifax, 2001.
“Investing with a Stock Valuation Model,” University of Toronto, 2000; American Finance Association meetings, Boston, 2000; University of Texas, Austin, 1999; Yale University, 1999; University of Connecticut, 1999; Rutgers University, 1999; Berkeley Program in Finance, 1999; University of British Columbia, 1999; Northern Finance Association annual meeting, Banff, 2002.
“Option Pricing with a Shifting Bound of Stock Price,” Financial Management Association annual meeting, Seattle, 2000; Ohio State University, 2000.
“The Long and Short of a Stock Valuation Model,” Ohio Chinese American Professional Association Symposium, Columbus, 1999.
Discussant of: “Another Look at Option Listing Effects,” Financial Management Association meeting, Seattle, 2000; “Price-Earnings Multiples of Canadian and U.S. Firms: Is There a Discount?” Northern Finance Association meeting, Banff, 2002; “Rational Panics, Absorbing Regime Switching and Stock Market Crashes: Empirical Evidence from the State-share Paradox,” China International Conference in Finance, Shanghai, 2004; “Do dividends matter? A firm level-study from the nineteenth to the twenty-first century,” Northern Finance Association meeting, St. John’s, 2004. |
RESEARCH