Faculty Profiles - LOU Dong | The Hong Kong University of Science and Technology

Associate Dean of Business and Management (Strategic Planning and Research)

Head and Chair Professor
Department of Finance

Citi Professor of Business

Director of Institute for Financial Research

Co-Director of HKUST-DXM AI for Finance Joint Laboratory

Research Interest

Asset pricing

Investment management

Behavioral finance

Publications

2025 2

Superstar Firms and College Major Choice

Journal of Political Economy Microeconomics, May 2025
Choi, Darwin; Lou, Dong; Mukherjee, Abhiroop
Article

Yield drifts when issuance comes before macro news

Journal of Financial Economics, v. 165, March 2025, article number 103993
Lou, Dong; Pinter, Gabor; Üslü, Semih; Walker, Danny
Article

2024 1

The Booms and Busts of Beta Arbitrage

Management Science, v. 70, (8), August 2024, p. 5367-5385
Huang, Shiyang; Liu, Xin; Lou, Dong; Polk, Christopher
Article

2022 3

Comomentum: Inferring Arbitrage Activity from Return Correlations

The Review of Financial Studies, v. 35, (7), July 2022, p. 3272-3302
Lou, Dong; Polk, Christopher
Article

Ripples into waves: Trade networks, economic activity, and asset prices

Journal of Financial Economics, v. 145, (1), July 2022, p. 217-238
Chang, Jeffery; Du, Huancheng; Lou, Dong; Polk, Christopher
Article

Wealth redistribution in bubbles and crashes

Journal of Monetary Economics, v. 126, March 2022, p. 134-153
An, Li; Lou, Dong; Shi, Donghui
Article

2021 2

Informed trading in government bond markets

Journal of Financial Economics, v. 142, (3), December 2021, p. 1253-1274
Czech, Robert; Huang, Shiyang; Lou, Dong; Wang, Tianyu
Article

The rate of communication

Journal of Financial Economics, v. 141, (2), August 2021, p. 533-550
Huang, Shiyang; Hwang, Byoung-Hyoun; Lou, Dong
Article

2020 3

Casting conference calls

Management Science, v. 66, (11), November 2020, p. 5015-5039
Cohen, Lauren; Lou, Dong; Malloy, Christopher J.
Article

IQ from IP: Simplifying search in portfolio choice

Journal of Financial Economics, v. 138, (1), October 2020, p. 118-137
Chen, Huaizhi; Cohen, Lauren; Gurun, Umit; Lou, Dong; Malloy, Christopher
Article

Offsetting disagreement and security prices

Management Science, v. 66, (8), August 2020, p. 3444-3465
Huang, Shiyang; Hwang, Byoung-Hyoun; Lou, Dong; Yin, Chengxi
Article

2019 1

A tug of war: Overnight versus intraday expected returns

Journal of Financial Economics, v. 134, (1), October 2019, p. 192-213
Lou, Dong; Polk, Christopher; Skouras, Spyros
Article

2016 1

Industry window dressing

The Review of Financial Studies, v. 29, (12), December 2016, p. 3354-3393
Chen, Huaizhi; Cohen, Lauren; Lou, Dong
Article

2014 1

Attracting investor attention through advertising

The Review of Financial Studies, v. 27, (6), June 2014, p. 1797-1829
Lou, Dong
Article

2013 1

Anticipated and repeated shocks in liquid markets

The Review of Financial Studies, v. 26, (8), August 2013, p. 1890-1912
Lou, Dong; Yan, Hongjun; Zhang, Jinfan
Article

2012 2

A flow-based explanation for return predictability

The Review of Financial Studies, v. 25, (12), December 2012, p. 3457-3489
Lou, Dong
Article

Complicated firms

Journal of Financial Economics, v. 104, (2), May 2012, p. 383-400
Cohen, Lauren; Lou, Dong
Article

Article 2

Superstar Firms and College Major Choice

Journal of Political Economy Microeconomics, May 2025
Choi, Darwin; Lou, Dong; Mukherjee, Abhiroop

Yield drifts when issuance comes before macro news

Journal of Financial Economics, v. 165, March 2025, article number 103993
Lou, Dong; Pinter, Gabor; Üslü, Semih; Walker, Danny

Article 1

The Booms and Busts of Beta Arbitrage

Management Science, v. 70, (8), August 2024, p. 5367-5385
Huang, Shiyang; Liu, Xin; Lou, Dong; Polk, Christopher

Article 3

Comomentum: Inferring Arbitrage Activity from Return Correlations

The Review of Financial Studies, v. 35, (7), July 2022, p. 3272-3302
Lou, Dong; Polk, Christopher

Ripples into waves: Trade networks, economic activity, and asset prices

Journal of Financial Economics, v. 145, (1), July 2022, p. 217-238
Chang, Jeffery; Du, Huancheng; Lou, Dong; Polk, Christopher

Wealth redistribution in bubbles and crashes

Journal of Monetary Economics, v. 126, March 2022, p. 134-153
An, Li; Lou, Dong; Shi, Donghui

Article 2

Informed trading in government bond markets

Journal of Financial Economics, v. 142, (3), December 2021, p. 1253-1274
Czech, Robert; Huang, Shiyang; Lou, Dong; Wang, Tianyu

The rate of communication

Journal of Financial Economics, v. 141, (2), August 2021, p. 533-550
Huang, Shiyang; Hwang, Byoung-Hyoun; Lou, Dong

Article 3

Casting conference calls

Management Science, v. 66, (11), November 2020, p. 5015-5039
Cohen, Lauren; Lou, Dong; Malloy, Christopher J.

IQ from IP: Simplifying search in portfolio choice

Journal of Financial Economics, v. 138, (1), October 2020, p. 118-137
Chen, Huaizhi; Cohen, Lauren; Gurun, Umit; Lou, Dong; Malloy, Christopher

Offsetting disagreement and security prices

Management Science, v. 66, (8), August 2020, p. 3444-3465
Huang, Shiyang; Hwang, Byoung-Hyoun; Lou, Dong; Yin, Chengxi

Article 1

A tug of war: Overnight versus intraday expected returns

Journal of Financial Economics, v. 134, (1), October 2019, p. 192-213
Lou, Dong; Polk, Christopher; Skouras, Spyros

Article 1

Industry window dressing

The Review of Financial Studies, v. 29, (12), December 2016, p. 3354-3393
Chen, Huaizhi; Cohen, Lauren; Lou, Dong

Article 1

Attracting investor attention through advertising

The Review of Financial Studies, v. 27, (6), June 2014, p. 1797-1829
Lou, Dong

Article 1

Anticipated and repeated shocks in liquid markets

The Review of Financial Studies, v. 26, (8), August 2013, p. 1890-1912
Lou, Dong; Yan, Hongjun; Zhang, Jinfan

Article 2

A flow-based explanation for return predictability

The Review of Financial Studies, v. 25, (12), December 2012, p. 3457-3489
Lou, Dong

Complicated firms

Journal of Financial Economics, v. 104, (2), May 2012, p. 383-400
Cohen, Lauren; Lou, Dong

2019 1

A tug of war: Overnight versus intraday expected returns

Journal of Financial Economics, v. 134, (1), October 2019, p. 192-213
Lou, Dong; Polk, Christopher; Skouras, Spyros
Article

2016 1

Industry window dressing

The Review of Financial Studies, v. 29, (12), December 2016, p. 3354-3393
Chen, Huaizhi; Cohen, Lauren; Lou, Dong
Article

2014 1

Attracting investor attention through advertising

The Review of Financial Studies, v. 27, (6), June 2014, p. 1797-1829
Lou, Dong
Article

2013 1

Anticipated and repeated shocks in liquid markets

The Review of Financial Studies, v. 26, (8), August 2013, p. 1890-1912
Lou, Dong; Yan, Hongjun; Zhang, Jinfan
Article

2012 2

A flow-based explanation for return predictability

The Review of Financial Studies, v. 25, (12), December 2012, p. 3457-3489
Lou, Dong
Article

Complicated firms

Journal of Financial Economics, v. 104, (2), May 2012, p. 383-400
Cohen, Lauren; Lou, Dong
Article

No Publications

Research Interest

Publications

2025 2

2024 1

2022 3

2021 2

2020 3

2019 1

2016 1

2014 1

2013 1

2012 2

Article 2

Article 1

Article 3

Article 2

Article 3

Article 1

Article 1

Article 1

Article 1

Article 2

2019 1

2016 1

2014 1

2013 1

2012 2

Research Postgraduate (RPG) Supervision

From January 2022 to December 2025 (As of 04 September 2025)

Current RPGs

Projects

From January 2023 to December 2025

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