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

Academic Director of Bilingual DBA Program

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

Rethinking Green Finance

Asia-Pacific Journal of Financial Studies, v. 54, (6), p. 704-717
Lou, Dong; Xu, Mingxin; Yuan, Jun
Article

Yield drifts when issuance comes before macro news

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

2024 4

The Booms and Busts of Beta Arbitrage

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

Inferring Mutual Fund Intra-Quarter Trading: An Application to ESG Window Dressing

Paper presented at 2024 Western Finance Association Annual Meeting, Honolulu, United States
AN, Li; HUANG, Shiyang; LOU, Dong; WEN, Xudong; XU, Mingxin
Conference paper

Superstar firms and college major choice

Journal of Political Economy Microeconomics
CHOI, Darwin; LOU, Dong; MUKHERJEE, Abhiroop
Conference paper

Superstar Firms and College Major Choice

Social Science Research Network
CHOI, Darwin; LOU, Dong; MUKHERJEE, Abhiroop
Conference paper

2022 3

Comomentum: Inferring Arbitrage Activity from Return Correlations

Review of Financial Studies, v. 35, (7), 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), p. 217-238
Chang, Jeffery (Jinfan); Du, Huancheng; Lou, Dong; Polk, Christopher
Article

Wealth redistribution in bubbles and crashes

Journal of Monetary Economics, v. 126, 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), p. 1253-1274
Czech, Robert; Huang, Shiyang; Lou, Dong; Wang, Tianyu
Article

The rate of communication

Journal of Financial Economics, v. 141, (2), 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), p. 118-137
Chen, Huaizhi; Cohen, Lauren; Gurun, Umit; Lou, Dong; Malloy, Christopher
Article

Offsetting disagreement and security prices

Management Science, v. 66, (8), 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), p. 192-213
Lou, Dong; Polk, Christopher; Skouras, Spyros
Article

2016 1

Industry window dressing

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

2014 1

Attracting investor attention through advertising

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

2013 1

Anticipated and repeated shocks in liquid markets

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

2012 2

A flow-based explanation for return predictability

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

Complicated firms

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

Article 2

Rethinking Green Finance

Asia-Pacific Journal of Financial Studies, v. 54, (6), p. 704-717
Lou, Dong; Xu, Mingxin; Yuan, Jun

Yield drifts when issuance comes before macro news

Journal of Financial Economics, v. 165, 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), p. 5367-5385
Huang, Shiyang; Liu, Xin; Lou, Dong; Polk, Christopher

Conference paper 3

Inferring Mutual Fund Intra-Quarter Trading: An Application to ESG Window Dressing

Paper presented at 2024 Western Finance Association Annual Meeting, Honolulu, United States
AN, Li; HUANG, Shiyang; LOU, Dong; WEN, Xudong; XU, Mingxin

Superstar firms and college major choice

Journal of Political Economy Microeconomics
CHOI, Darwin; LOU, Dong; MUKHERJEE, Abhiroop

Superstar Firms and College Major Choice

Social Science Research Network
CHOI, Darwin; LOU, Dong; MUKHERJEE, Abhiroop

Article 3

Comomentum: Inferring Arbitrage Activity from Return Correlations

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

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

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

Wealth redistribution in bubbles and crashes

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

Article 2

Informed trading in government bond markets

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

The rate of communication

Journal of Financial Economics, v. 141, (2), 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), p. 118-137
Chen, Huaizhi; Cohen, Lauren; Gurun, Umit; Lou, Dong; Malloy, Christopher

Offsetting disagreement and security prices

Management Science, v. 66, (8), 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), p. 192-213
Lou, Dong; Polk, Christopher; Skouras, Spyros

Article 1

Industry window dressing

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

Article 1

Attracting investor attention through advertising

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

Article 1

Anticipated and repeated shocks in liquid markets

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

Article 2

A flow-based explanation for return predictability

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

Complicated firms

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

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), p. 118-137
Chen, Huaizhi; Cohen, Lauren; Gurun, Umit; Lou, Dong; Malloy, Christopher
Article

Offsetting disagreement and security prices

Management Science, v. 66, (8), 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), p. 192-213
Lou, Dong; Polk, Christopher; Skouras, Spyros
Article

2016 1

Industry window dressing

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

2014 1

Attracting investor attention through advertising

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

2013 1

Anticipated and repeated shocks in liquid markets

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

2012 2

A flow-based explanation for return predictability

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

Complicated firms

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

No Publications

Teaching Assignment

IMBA6901D

Geopolitical Competition and Investment Opportunities

DBAB5120

Frontiers in Economics Research

No Teaching Assignments

Research Interest

Publications

2025 2

2024 4

2022 3

2021 2

2020 3

2019 1

2016 1

2014 1

2013 1

2012 2

Article 2

Article 1

Conference paper 3

Article 3

Article 2

Article 3

Article 1

Article 1

Article 1

Article 1

Article 2

2020 3

2019 1

2016 1

2014 1

2013 1

2012 2

Teaching Assignment

Research Postgraduate (RPG) Supervision

From January 2023 to December 2026 (As of 04 March 2026)

Current RPGs

Projects

From January 2024 to December 2026

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