Dongmin Kong

Department of Finance, Huazhong University of Science and Technology

Professor of Finance

Wuhan, Hubei 430074

China

School of Finance, Zhongnan University of Economics and Law

Professor of Finance

Wuhan, Hubei 430073

China

SCHOLARLY PAPERS

49

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21

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7

Scholarly Papers (49)

1.

Do Analysts Gain an Informational Advantage by Visiting Listed Companies?

Contemporary Accounting Research, Forthcoming
Number of pages: 43 Posted: 21 Aug 2017
Bing Han, Dongmin Kong and Shasha Liu
University of Toronto, Rotman School of Management, Department of Finance, Huazhong University of Science and Technology and School of Management, Jinan University
Downloads 364 (107,065)
Citation 5

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Analyst Visit, Forecast Accuracy, Informational Advantage; Geography

2.

China’s Anti-Corruption Campaign and Entrepreneurship

Journal of Law and Economics, Forthcoming
Number of pages: 46 Posted: 11 Nov 2020
Dongmin Kong and Ni Qin
Department of Finance, Huazhong University of Science and Technology and School of Economics, Huazhong University of Science and Technology
Downloads 312 (127,142)

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Corruption; Entrepreneurship; China; Quasi-experiment

3.

Whose Money is Smart? Individual and Institutional Investors’ Trades Based on Analyst Recommendations

Number of pages: 51 Posted: 04 Aug 2016 Last Revised: 13 May 2020
Department of Finance, Huazhong University of Science and Technology, The University of Hong Kong - Faculty of Business and Economics, School of Management, Jinan University and Education University of Hong KongThe Education University of Hong Kong
Downloads 226 (175,536)

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analyst recommendation; individual/institutional investors; buy-side pressure; information transparency; corporate governance.

4.

Accuracy in the Air: Pollution and Analyst Forecasts

Number of pages: 53 Posted: 09 Jan 2019 Last Revised: 08 Feb 2019
Dongmin Kong, Chen Lin, Shasha Liu and Yu-Jane Liu
Department of Finance, Huazhong University of Science and Technology, The University of Hong Kong - Faculty of Business and Economics, School of Management, Jinan University and Peking University - Guanghua School of Management
Downloads 189 (206,962)

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Air Pollution; Analyst Forecasts; Earnings Announcements; Management Forecasts; Information Processing Abilities

5.

Institutional Investors and Equity Prices: Information, Behavioral Bias, and Arbitrage

Rotman School of Management Working Paper No. 2926401
Number of pages: 54 Posted: 06 Mar 2017
Bing Han and Dongmin Kong
University of Toronto, Rotman School of Management and Department of Finance, Huazhong University of Science and Technology
Downloads 185 (210,925)
Citation 1

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Institutional/Individual Investors, Chinese stock market, Split–share Reform, Disposition Effect, Arbitrage

6.

Does Information Acquisition Alleviate Market Anomalies? Categorization Bias in Stock Splits

Review of Finance, Forthcoming
Number of pages: 53 Posted: 03 May 2017
Dongmin Kong, Chen Lin and Shasha Liu
Department of Finance, Huazhong University of Science and Technology, The University of Hong Kong - Faculty of Business and Economics and School of Management, Jinan University
Downloads 177 (219,155)
Citation 1

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Information acquisition; Comovement; Investor trading behavior; Stock splits.

7.

Higher Education and Corporate Innovation

Number of pages: 62 Posted: 20 Jul 2020 Last Revised: 07 Aug 2020
Dongmin Kong, Bohui Zhang and Jian Zhang
Department of Finance, Huazhong University of Science and Technology, The Chinese University of Hong Kong, Shenzhen and School of Business and Management, Shanghai International Studies University
Downloads 171 (225,701)

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corporate innovation; higher education expansion; human capital; high-skilled labor; China

8.

Labor Cost Stickiness and Managerial Decisions on Human Capital Adjustment

Number of pages: 51 Posted: 18 Feb 2021
Dongmin Kong, Shasha Liu and Rui Shen
Department of Finance, Huazhong University of Science and Technology, School of Management, Jinan University and The Chinese University of Hong Kong, Shenzhen - School of Management and Economics
Downloads 156 (243,836)

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Sticky cost, Human capital, Labor cost, Employee education level, Firm performance

9.

When to Go Abroad: Economic Policy Uncertainty and Chinese Firms’ Overseas Investment

Number of pages: 53 Posted: 24 Jan 2018 Last Revised: 09 Oct 2018
Ji (George) Wu, Dongmin Kong, Yiwen Wu and Jian Zhang
Massey University - School of Economics and Finance, Department of Finance, Huazhong University of Science and Technology, Massey University - School of Economics and Finance and School of Business and Management, Shanghai International Studies University
Downloads 156 (243,836)
Citation 1

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Economic policy uncertainty, Overseas investment, China

10.

Do Extreme Returns Matter in Emerging Markets? Evidence from the Chinese Stock Market

Journal of Banking and Finance, 2017
Number of pages: 48 Posted: 01 Feb 2015 Last Revised: 06 Mar 2017
Gilbert Nartea, Dongmin Kong and Ji (George) Wu
University of Canterbury - College of Business and Law, Department of Finance, Huazhong University of Science and Technology and Massey University - School of Economics and Finance
Downloads 133 (276,931)
Citation 4

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Cross-section of stock returns; Extreme returns; Predictability; China

11.

Language and Innovation: The Real Effect of Informal Institutions

Number of pages: 45 Posted: 10 Jul 2019
Dongmin Kong, Jialong Wang, Yanan Wang and Jian Zhang
Department of Finance, Huazhong University of Science and Technology, Southwestern University of Finance and Economics (SWUFE), Zhongnan University of Economics and Law and School of Business and Management, Shanghai International Studies University
Downloads 121 (297,068)

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Languages, Innovation, Future-time reference

12.

Politically Affiliated Analysts

Number of pages: 53 Posted: 27 Apr 2021 Last Revised: 03 May 2021
Dongmin Kong, Chen Lin, Shasha Liu and Yuhai Xuan
Department of Finance, Huazhong University of Science and Technology, The University of Hong Kong - Faculty of Business and Economics, School of Management, Jinan University and University of California, Irvine - Paul Merage School of Business
Downloads 115 (307,979)

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analyst recommendations; political pressure; institutional investors; conflicts of interest; learning

Does it Pay to Communicate with Firms? Evidence from Firm Site Visits of Mutual Funds

Journal of Business Finance & Accounting, Forthcoming
Number of pages: 56 Posted: 27 Dec 2016 Last Revised: 06 Mar 2017
Shasha Liu, Yunhao Dai and Dongmin Kong
School of Management, Jinan University, Huazhong University of Science and Technology (Formerly Tongji Medical University) and Department of Finance, Huazhong University of Science and Technology
Downloads 110 (319,553)
Citation 1

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Communication, Mutual Fund, Information Advantage, Site Visits

Does it Pay to Communicate with Firms? Evidence from Firm Site Visits of Mutual Funds

Journal of Business Finance & Accounting, Vol. 44, Issue 5-6, pp. 611-645, 2017
Number of pages: 35 Posted: 05 May 2017
Shasha Liu, Yunhao Dai and Dongmin Kong
School of Management, Jinan University, Huazhong University of Science and Technology (Formerly Tongji Medical University) and Department of Finance, Huazhong University of Science and Technology
Downloads 1 (849,034)
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communication, mutual fund, information advantage, site visits

14.

Company Visit Disclosure Regulation and Analysts’ Information Acquisition

Number of pages: 55 Posted: 30 Jun 2021
Bin Ke, Dongmin Kong and Shasha Liu
National University of Singapore, Department of Finance, Huazhong University of Science and Technology and School of Management, Jinan University
Downloads 100 (338,712)

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company visit; analysts; disclosure regulation; chilling effect; China

15.

Returnee Talent and Corporate Investment: Evidence from China

European Accounting Review, Forthcoming
Number of pages: 44 Posted: 22 Nov 2016
Yunhao Dai, Dongmin Kong and Shasha Liu
Huazhong University of Science and Technology (Formerly Tongji Medical University), Department of Finance, Huazhong University of Science and Technology and School of Management, Jinan University
Downloads 98 (343,185)

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Human Capital; Returnee Talent; Investment Efficiency; China

16.

Does the Mandatory Disclosure of Audit Information Affect Analysts’ Information Acquisition?

Number of pages: 47 Posted: 02 Aug 2021
Dongmin Kong, Mianmian Ji and Shasha Liu
Department of Finance, Huazhong University of Science and Technology, Huazhong University of Science and Technology and School of Management, Jinan University
Downloads 86 (372,476)

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Sell-side analysts; Key audit matters disclosure; Corporate site visits; Analyst forecasts; Market efficiency.

17.

Doing Good Business by Hiring Directors with Foreign Experience

Journal of Business Ethics, Forthcoming
Number of pages: 14 Posted: 27 Nov 2015 Last Revised: 31 Jan 2017
Jian Zhang, Dongmin Kong and Ji (George) Wu
Independent, Department of Finance, Huazhong University of Science and Technology and Massey University - School of Economics and Finance
Downloads 85 (375,192)
Citation 2

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Corporate social responsibility, Returnee directors, China

18.

Corruption-induced CEO compensation: Evidence from a natural experiment in China

Number of pages: 54 Posted: 05 May 2021
Dongmin Kong and Ling Zhu
Department of Finance, Huazhong University of Science and Technology and Huazhong University of Science and Technology (Formerly Tongji Medical University)
Downloads 72 (412,628)

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corruption, CEO compensation, incentive efficiency, natural experiment, China

19.

Trust and innovation: Evidence from CEOs' early-life experience

Journal of Corporate Finance, Forthcoming
Number of pages: 47 Posted: 23 May 2021 Last Revised: 05 Jan 2022
Dongmin Kong, Ying Zhao and Shasha Liu
Department of Finance, Huazhong University of Science and Technology, Xiamen University and School of Management, Jinan University
Downloads 67 (428,786)

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informal institutions, CEO’s trust level, corporate innovation, social trust

20.

Employee Stock Ownership Plans and Corporate Environmental Engagement

Number of pages: 36 Posted: 03 Sep 2021
Dongmin Kong, Yanan Wang and Yanan Wang
Department of Finance, Huazhong University of Science and Technology and Zhongnan University of Economics and LawZhongnan University of Economics and Law
Downloads 66 (432,218)

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Employee incentives, Corporate environmental engagement, Stakeholder

21.

Employee Cash Profit-Sharing and Earnings Management

Forthcoming at European Accounting Review
Number of pages: 45 Posted: 20 Jan 2021
Dongmin Kong, Ni Qin, Wei Yang and Jian Zhang
Department of Finance, Huazhong University of Science and Technology, School of Economics, Huazhong University of Science and Technology, East China University of Science and Technology (ECUST) - School of Business and School of Business and Management, Shanghai International Studies University
Downloads 65 (435,618)

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Employee; Stakeholder; Earnings Management; Cash Profit Sharing

22.

Air Pollution-induced Brain Drain: Evidence from Inventor Mobility

Number of pages: 44 Posted: 18 Feb 2021 Last Revised: 30 Aug 2021
Dongmin Kong, Shasha Liu and Jian Zhang
Department of Finance, Huazhong University of Science and Technology, School of Management, Jinan University and School of Business and Management, Shanghai International Studies University
Downloads 64 (439,075)

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air pollution, toxic emissions, inventor, innovation

23.

Policy Certainty and Heterogeneous Firm Innovation: Evidence from a Developing Country

Number of pages: 37 Posted: 03 Jan 2019
Xiandeng Jiang, Dongmin Kong and Chengrui Xiao
Southwestern University of Finance and Economics (SWUFE), Department of Finance, Huazhong University of Science and Technology and Southwestern University of Finance and Economics (SWUFE)
Downloads 64 (439,075)
Citation 1

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Policy Certainty; Innovation; China

24.

Investment in Hard Times: Unintended Effects of Mandatory Dividend Policy in State-Owned Business Group

Number of pages: 48 Posted: 07 Jun 2021
Dongmin Kong and Lihua Liu
Department of Finance, Huazhong University of Science and Technology and Huazhong University of Science and Technology (Formerly Tongji Medical University)
Downloads 53 (479,838)

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Mandatory dividend policy; Investment efficiency; Business group; Related party transactions; Corporate governance, China.

25.

Efficiency Wages as Gift Exchange: Evidence from Corporate Innovation in China

Number of pages: 53 Posted: 17 Aug 2019
Dongmin Kong, Yanan Wang, Yanan Wang and Jian Zhang
Department of Finance, Huazhong University of Science and Technology, Zhongnan University of Economics and LawZhongnan University of Economics and Law and School of Business and Management, Shanghai International Studies University
Downloads 50 (492,228)

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Efficiency Wage; Corporate Innovation; Human Capital

26.

Do Foreign Investors Crowd Out Sell-Side Analysts? Evidence from China

Number of pages: 43 Posted: 23 May 2021
Dongmin Kong, Qi Tang and Xinwei Zheng
Department of Finance, Huazhong University of Science and Technology, Huazhong University of Science and Technology (Formerly Tongji Medical University) and Department of Finance
Downloads 47 (505,175)

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Foreign investors; Analyst coverage; Information disclosure; Corporate governance.

27.

Can Economic Policy Uncertainty Reduce a Firm’s Trade Credit?

Number of pages: 20 Posted: 07 May 2020
Kun Su, Dongmin Kong and Ji (George) Wu
Northwestern Polytechnic University (NPU), Department of Finance, Huazhong University of Science and Technology and Massey University - School of Economics and Finance
Downloads 43 (523,281)

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economic policy uncertainty; trade credit; China

28.

Being Good by Hiring Directors with Foreign Experiences

Journal of Business Ethics, Forthcoming
Number of pages: 69 Posted: 15 Aug 2015 Last Revised: 06 Mar 2017
Jian Zhang, Dongmin Kong and Ji (George) Wu
Independent, Department of Finance, Huazhong University of Science and Technology and Massey University - School of Economics and Finance
Downloads 42 (528,078)

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Corporate social responsibility, Returnee directors, China,

29.

Individual Investors’ Dividend Tax Reform and Corporate Social Responsibility

Number of pages: 36 Posted: 11 Oct 2021
Dongmin Kong and Mianmian Ji
Department of Finance, Huazhong University of Science and Technology and Huazhong University of Science and Technology
Downloads 41 (532,873)

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dividend tax reform; corporate social responsibility; individual investor.

30.

US–China Trade War and Corporate Social Responsibility: Evidence from China

Number of pages: 41 Posted: 06 Jan 2022
Dongmin Kong, Chen Liu and Ling Zhu
Department of Finance, Huazhong University of Science and Technology, Huazhong University of Science and Technology (Formerly Tongji Medical University) - School of Economics and Huazhong University of Science and Technology (Formerly Tongji Medical University)
Downloads 36 (558,112)

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US–China trade war, tariff shocks, corporate social responsibility.

31.

Minimum Wages and Non-Listed Firm's Earnings Management: Evidence from a Geographic Discontinuity Design

Journal of Accounting and Public Policy, Forthcoming
Number of pages: 57 Posted: 05 Jan 2022
Junyi Xiang, Dongmin Kong and Wei Yang
Huazhong University of Science and Technology (Formerly Tongji Medical University), Department of Finance, Huazhong University of Science and Technology and East China University of Science and Technology (ECUST) - School of Business
Downloads 33 (574,216)

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Earnings management, Geographic discontinuities, Minimum wage.

32.

Does Corruption Shape Firm Centralization? Evidence from State-owned Enterprises in China

Number of pages: 45 Posted: 26 Apr 2021
Dongmin Kong and Ling Zhu
Department of Finance, Huazhong University of Science and Technology and Huazhong University of Science and Technology (Formerly Tongji Medical University)
Downloads 30 (591,240)

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anti-corruption campaign, centralization, SOEs, natural experiment, China

33.

Unexpected Housing Wealth Appreciation and Stock Market Participation

Number of pages: 44 Posted: 23 May 2021
Dongmin Kong, Yawen Cheng and Lihua Liu
Department of Finance, Huazhong University of Science and Technology, Huazhong University of Science and Technology (Formerly Tongji Medical University) and Huazhong University of Science and Technology (Formerly Tongji Medical University)
Downloads 29 (597,288)

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housing appreciation; stock market participation; regression discontinuity; China

34.

Escape from pollution: Mass media, air quality, and management turnover

Number of pages: 55 Posted: 14 Jan 2022
Dongmin Kong and Jian Xu
Department of Finance, Huazhong University of Science and Technology and Zhongnan University of Economics and Law
Downloads 10 (734,291)

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management turnover, air pollution, mass media, natural experiment.

35.

Invisible enemy: The health impact of ozone

Number of pages: 47 Posted: 14 Jan 2022
Dongmin Kong, Chenhao Liu and Junwei Liang
Department of Finance, Huazhong University of Science and Technology, Peking University - College of Environmental Science and Engineering and Guangdong University of Foreign Studies
Downloads 6 (782,369)

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Air pollution, Health, Ozone, China, Diagnostic data

36.

Hometown Favoritism of Politicians and Local Firms’ Investment on Environmental Protection

Number of pages: 49 Posted: 11 Jan 2022 Last Revised: 13 Jan 2022
Qi Zhang, Shuying Ning and Dongmin Kong
Zhongnan University of Economics and Law, Zhongnan University of Economics and Law - School of Accounting and Department of Finance, Huazhong University of Science and Technology
Downloads 5 (774,490)

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hometown favoritism, environmental governance, political turnover, environmental investment

37.

Bystander of Sandstorm: The Psychological Bias of Public Opinion to Environmental Events

Number of pages: 35 Posted: 14 Jan 2022
Dongmin Kong, Chenhao Liu, Ling Han and Hengxing Yin
Department of Finance, Huazhong University of Science and Technology, Peking University - College of Environmental Science and Engineering, Peking University and Peking University
Downloads 4 (782,369)

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psychological effect, projection bias, public opinion, media, local air pollution

38.

Politically Connected Independent Directors and Corporate Fraud in China

Accounting & Finance, Vol. 58, Issue 5, pp. 1347-1383, 2019
Number of pages: 37 Posted: 07 Mar 2019
Dongmin Kong, Junyi Xiang, Jian Zhang and Yiyang Lu
Department of Finance, Huazhong University of Science and Technology, Huazhong University of Science and Technology (Formerly Tongji Medical University), School of Business and Management, Shanghai International Studies University and Vanderbilt University
Downloads 2 (800,134)
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Corporate fraud, Politically connected independent directors

39.

Typhoons and Housing Prices

Number of pages: 33 Posted: 14 Jan 2022
Dongmin Kong and Chenhao Liu
Department of Finance, Huazhong University of Science and Technology and Peking University - College of Environmental Science and Engineering
Downloads 1 (811,960)

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Typhoon, Real estate price, Climate risk, Shenzhen

Effect of International Working Experience of Individual Auditors on Audit Quality: Evidence from China

Journal of Business Finance & Accounting, Vol. 44, Issue 7-8, pp. 1073-1108, 2017
Number of pages: 36 Posted: 03 Aug 2017
Jiujiang University, Huazhong University of Science and Technology (Formerly Tongji Medical University), Department of Finance, Huazhong University of Science and Technology and Education University of Hong KongThe Education University of Hong Kong
Downloads 1 (849,034)
Citation 4
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international working experience, individual auditor, auditor working experience, audit quality, China

Effect of International Working Experience of Individual Auditors on Audit Quality: Evidence from China

Journal of Business Finance & Accounting, Forthcoming
Posted: 05 May 2017
Jiujiang University, Huazhong University of Science and Technology (Formerly Tongji Medical University), Department of Finance, Huazhong University of Science and Technology and Education University of Hong KongThe Education University of Hong Kong

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Individual Auditor, Auditor Working Experience, Audit Quality, China

41.

Relative Income within Households, Gender Identity, and Self-Employment

Number of pages: 43
Dongmin Kong and Yawen Cheng
Department of Finance, Huazhong University of Science and Technology and Huazhong University of Science and Technology (Formerly Tongji Medical University)
Downloads 1

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relative income, gender identity, self-employment, China

42.

Do allocations of education resources affect individuals’ long-term cognitive abilities? Evidence from China

Number of pages: 38
Dongmin Kong and Yawen Cheng
Department of Finance, Huazhong University of Science and Technology and Huazhong University of Science and Technology (Formerly Tongji Medical University)
Downloads 1

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cognitive ability, school closing and merging, education resources, China

43.

COVID-19, Lifestyle Change, and Municipal Solid Waste: Evidence from 252 Communities’ Littering Records in China

Number of pages: 32
Dongmin Kong and Chenhao Liu
Department of Finance, Huazhong University of Science and Technology and Peking University - College of Environmental Science and Engineering
Downloads 1

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COVID-19, Lockdown, Municipal solid waste, China.

44.

Who Secures Job Opportunities in the Chinese Government? Evidence Based on the First Jobs of Graduates from a Chinese College

Pacific Economic Review, Vol. 24, Issue 3, pp. 447-463, 2019
Number of pages: 17 Posted: 03 Jun 2020
Jie Gao, Dongmin Kong and Gaowen Kong
Independent, Department of Finance, Huazhong University of Science and Technology and Guangzhou University
Downloads 0 (829,549)
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45.

Effects of the COVID-19 on Air Quality: Human Mobility, Spillover Effects, and City Connections

Posted: 11 May 2020
Gaowen Kong, Shasha Liu and Dongmin Kong
Guangzhou University, School of Management, Jinan University and Department of Finance, Huazhong University of Science and Technology

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COVID-19, air quality, human mobility, spillover, connections.

46.

Political Uncertainty and A-H Share Premium

Posted: 12 Sep 2019
Xu cheng, Junbo Wang and Dongmin Kong
Huazhong University of Science and Technology, Students, Dept. of Economics and Finance, City Univ. of HK and Department of Finance, Huazhong University of Science and Technology

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A-H premium, Political uncertainty, Local leaders

47.

Information Accessibility and Corporate Innovation

Management Science, forthcoming
Posted: 20 Dec 2018 Last Revised: 23 Aug 2021
Dongmin Kong, Chen Lin, Lai Wei and Jian Zhang
Department of Finance, Huazhong University of Science and Technology, The University of Hong Kong - Faculty of Business and Economics, Lingnan University - Department of Finance and Insurance and School of Business and Management, Shanghai International Studies University

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information accessibility, technological innovation, corporate information environment, Google’s exit

48.

Investor Reactions to Food Safety Incidents: Evidence from the Chinese Milk Industry

Food Policy, Vol. 43, 23-31, 2013
Posted: 14 Sep 2013
Yunhao Dai, Dongmin Kong and Maobin Wang
Independent, Department of Finance, Huazhong University of Science and Technology and University of International Business and Economics - School of Banking and Finance

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Food safety incidents, Investor reaction, Firm values, Event study, Difference-in-differences

49.

Corporate Social Responsibility, Investor Behaviors, and Stock Market Returns: Evidence from a Natural Experiment in China

Journal of Business Ethics, Vol. 101, pp. 127-141, 2011
Posted: 23 Jan 2011 Last Revised: 16 Aug 2013
Maobin Wang, Chun Qiu and Dongmin Kong
University of International Business and Economics - School of Banking and Finance, McGill University - Desautels Faculty of Management and Department of Finance, Huazhong University of Science and Technology

Abstract:

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Corporate Social Responsibility, Financial Performance, Stock Markets, Event Study, Investors’ Behaviors, Emerging Markets, Chinese Stock Market