Liang Ma

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 October 21, 2026.

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

International Review of Financial Analysis (2026)

SJR: 2.3730
H-index: 129
Publisher: Elsevier Inc.
ISSN: 10575219
Coverage: 1992-2026

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Discipline	Overall Quartile
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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

Management Science (2026)

SJR: 6.4280
H-index: 321
Publisher: INFORMS Inst.for Operations Res.and the Management Sciences
ISSN: 00251909, 15265501
Coverage: 1965-1966, 1968-2025

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Econometrics Interest rates Investment analysis Portfolio management

What drives closed‐end fund discounts? Evidence from COVID‐19

Liang Ma

Financial Management, 2024, journal article

Financial Management (2024)

SJR: 3.4770
H-index: 88
Publisher: John Wiley and Sons Inc
ISSN: 1755053X, 00463892
Coverage: 1996-2026

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Cited by 4

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

Journal of Money, Credit and Banking (2022)

SJR: 1.9990
H-index: 133
Publisher: Wiley-Blackwell
ISSN: 15384616, 00222879
Coverage: 1996-2026

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Discipline	Overall Quartile
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Cited by 22

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 Cited by 6

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 Cited by 36

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

Journal of Corporate Finance (2020)

SJR: 2.7060
H-index: 166
Publisher: Elsevier B.V.
ISSN: 09291199
Coverage: 1994-2026

Journal quartile details
Discipline	Overall Quartile
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Cited by 40

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 Cited by 140

Arbitrage Stock price forecasting

Liang Ma

Appointments

Scholarship

Academic Publications

Liang Ma

Appointments

Professional History

Scholarship

Academic Publications

Older Academic Publications (3)