University Scholarship
Publications and Grants

Liang Ma

lma2@sdsu.eduorcid.org/0000-0002-7273-5079
Research Relationships

Appointments

  • Associate Professor, 2026-Present
    Finance, San Diego State University, San Diego, California, US
  • Assistant Professor, 2023-2026
    Finance, San Diego State University, San Diego, California, US
  • Assistant Professor, 2014-2023
    Finance, University of South Carolina, Columbia, South Carolina, US

Profile updated September 27, 2026.

Scholarship

Academic Publications

Small hands, big losses: Stock market reactions to child labor abuse news
Liang Ma; Tonni Shijun Xia
International Review of Financial Analysis, 2026, journal article
Child labor Human rights Social responsibility of business Stock exchanges
The Factor Multiverse: The Role of Interest Rates in Factor Return Measurement
Liang Ma
Management Science, 2026, journal article
Econometrics Interest rates Investment analysis Portfolio management
What drives closed‐end fund discounts? Evidence from COVID‐19
Liang Ma
Financial Management, 2024, journal article
Closed-end funds COVID-19 Pandemic (2020-) Finance Pandemics
What Does the Cross‐Section Tell About Itself? Explaining Equity Risk Premia with Stock Return Moments
Liang Ma; ILAN COOPER; PAULO MAIO
Journal of Money, Credit and Banking, 2022, journal article
Econometrics Economics Finance
Financial Reporting Quality and Noise in Stock Returns: Evidence from Chinese A-B Twin Shares
Liang Ma; Tao Ma; Henry L. Friedman
Journal of Financial Reporting, 2021, journal article
Accounting China Economics Finance

Multifactor Models and Their Consistency with the APT
Liang Ma; Ilan Cooper; Paulo Maio; Dennis Philip
The Review of Asset Pricing Studies, 2021, journal article
Capital assets pricing model Economics Investment analysis Portfolio management
First-mover advantage, time to finance, and cash holdings
Liang Ma; Antonio S. Mello; Youchang Wu
Journal of Corporate Finance, 2020, journal article
Competitive advantage of the inner city (Porter, Michael E.) Financial management
The Causal Effect of Limits to Arbitrage on Asset Pricing Anomalies
Liang Ma; YONGQIANG CHU; DAVID HIRSHLEIFER
The Journal of Finance, 2020, journal article
Arbitrage Stock price forecasting