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Dan Li received her PhD in Finance from York University, and joined the University of Hong Kong in 2011. She also holds a BS and a MA in Economics from Fudan University, and a MA in Economics from York University. She has a joint appointment as Assistant Professor of Finance in the School of Economics and Finance and the School of Business. Her main research interests are in empirical corporate finance, entrepreneurship, and market microstructure and security market surveillance.


Before joining HKU, Dan Li also conducted research for Capital Markets CRC Ltd, and the Investment Industry Regulatory Organization of Canada.








"The Effect of Stock Liquidity on Default Risk", (with Jonathan Brogaard and Ying Xia), Journal of Financial Economics, forthcoming.

"Public policy, entrepreneurship, and venture capital in the United States", (with D. Cumming), Journal of Corporate Finance 23, 2013, pp.345-367.

"Exchange Trading Rules and Stock Market Liquidity", (with D. Cumming and S. Johan), Journal of Financial Economics 99, 2011, Issue 3, pp.651-671.

"Run-Up of Acquirer's Stock in Public and Private Acquisitions", (with D. Cumming), Corporate Governance: an International Review 19, 2011, Issue 3, pp. 210-239.


Working Papers:

"Correlated high frequency trading", (with Ekkehart Boehmer and Gideon Saar), (under review).

"Managing the Internet Peer-to-Peer Lending Business in China: Lessons from Platform Failures", (with Gang Hu, Zhen Lei and Haitian Lu).

"Do banks or VCs spur growth?" (with Rebel Cole and Douglas Cumming).


Work in Progress:

"Who causes idiosyncratic stock price volatility?" (with Ekkehart Boehmer).

"Order submission strategies in dark pool", (with Christian Westheide and Jonathan Brogaard).

"International evidence on the link between venture capital and innovation", (with Douglas Cumming).





Last Update: 2016-05-03