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Darla Moore School of Business


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Dongmei Li

Title: Associate Professor
Department: Department of Finance
Darla Moore School of Business
E-mail: dongmei.li@moore.sc.edu
Phone: 803-777-6747
Office: Darla Moore School of Business, Room 456F
Resources: Curriculum Vitae [pdf]
profile

Background

Dongmei Li joined the finance faculty at the Darla Moore School of Business in 2014. She was an assistant professor of finance at the Rady School of Management at University of California, San Diego. Prior to that, she had worked at Sanford Bernstein and Deutsche Bank. She earned her Ph.D. in Finance from the Wharton School at University of Pennsylvania in 2007.

Research

Li’s area of expertise is investment-based asset pricing, behavioral finance, financial constraints, R&D, innovation, and real options. She has published in leading academic journals such as the Journal of Financial Economics, Review of Financial Studies, and the Journal of Finance. She is the associate editor of the Journal of Empirical Finance since 2017.

Research Publications

  • Kumar, Praveen and Dongmei Li, "Capital investment, innovative capacity, and stock returns," Journal of Finance, 2016, 71, 2059-2094.
  • Hirshleifer, David, Po-Hsuan Hsu and Dongmei Li, "Innovative efficiency and stock returns," Journal of Financial Economics, 2013, 107, 632-654.
  • David Hirshleifer, Po-Hsuan Hsu and Li, Dongmei, "Innovative originality, profitability, and stock returns," Review of Financial Studies, Forthcoming.
  • Li, Dongmei, "Distinguishing rational and behavioral models of momentum," Quarterly Journal of Finance, 2013, 3, 1-30.
  • Li, Dongmei, "Financial constraints, R&D investment, and stock returns," Review of Financial Studies, September 2011, 2974-3007.
  • Li, Dongmei and Lu Zhang, "Does q-theory with investment frictions explain anomalies in the cross section of returns?," Journal of Financial Economics, November 2010, 297-314.

Education

  • Ph.D., University of Pennsylvania, 2007
  • Master in Finance, Princeton University, 2003
  • M.S., University of Maryland, College Park, 2001
  • B.S., Renmin University, 1996