Dong Lou

London School of Economics & Political Science (LSE)

Department of Finance

Houghton Street

London, WC2A 2AE

United Kingdom

http://personal.lse.ac.uk/loud/

Centre for Economic Policy Research (CEPR)

London

United Kingdom

  • London School of Economics & Political Science (LSE)

    • Email
    • Tel: +44 (0)207 1075360

  • Centre for Economic Policy Research (CEPR)

SCHOLARLY PAPERS

27

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14,266

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667

CROSSREF CITATIONS

69

Scholarly Papers (27)

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1.

Complicated Firms

AFA 2011 Denver Meetings Paper
Number of pages: 49 Posted: 15 Mar 2010 Last Revised: 19 Apr 2016
Lauren Cohen and Dong Lou
Harvard University - Business School (HBS) and London School of Economics & Political Science (LSE)
Downloads 1,520 (21,755)
Citation 59

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Complicated trades, return predictability, stand alone, conglomerate, market frictions

2.

Playing Favorites: How Firms Prevent the Revelation of Bad News

Downloads 1,242 (29,259)
Citation 11

Playing Favorites: How Firms Prevent the Revelation of Bad News

Number of pages: 74 Posted: 13 Aug 2014 Last Revised: 24 Mar 2019
Lauren Cohen, Dong Lou and Christopher J. Malloy
Harvard University - Business School (HBS), London School of Economics & Political Science (LSE) and Harvard Business School
Downloads 1,105 (34,055)
Citation 4

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information, strategic release, firms, asset pricing, conference calls

Playing Favorites: How Firms Prevent the Revelation of Bad News

NBER Working Paper No. w19429
Number of pages: 61 Posted: 14 Sep 2013 Last Revised: 02 Feb 2023
Lauren Cohen, Dong Lou and Christopher J. Malloy
Harvard University - Business School (HBS), London School of Economics & Political Science (LSE) and Harvard Business School
Downloads 136 (362,124)

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Playing Favorites: How Firms Prevent the Revelation of Bad News

CEPR Discussion Paper No. DP12302
Number of pages: 54 Posted: 20 Sep 2017
Lauren Cohen, Dong Lou and Christopher J. Malloy
Harvard University - Business School (HBS), London School of Economics & Political Science (LSE) and Harvard Business School
Downloads 1 (1,096,342)
Citation 2
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3.

IQ from IP: Simplifying Search in Portfolio Choice

Downloads 1,215 (30,177)
Citation 70

IQ from IP: Simplifying Search in Portfolio Choice

8th Miami Behavioral Finance Conference 2017
Number of pages: 56 Posted: 18 Sep 2017 Last Revised: 20 Apr 2019
Huaizhi Chen, Lauren Cohen, Umit G. Gurun, Dong Lou and Christopher J. Malloy
University of Notre Dame - Department of Finance, Harvard University - Business School (HBS), University of Texas at Dallas, London School of Economics & Political Science (LSE) and Harvard Business School
Downloads 1,163 (31,705)
Citation 1

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Tracked trades, Return predictability, Institutional trading, Insider trading

IQ from Ip: Simplifying Search in Portfolio Choice

NBER Working Paper No. w24801
Number of pages: 56 Posted: 16 Jul 2018 Last Revised: 08 Apr 2023
Huaizhi Chen, Lauren Cohen, Umit G. Gurun, Dong Lou and Christopher J. Malloy
University of Notre Dame - Department of Finance, Harvard University - Business School (HBS), University of Texas at Dallas, London School of Economics & Political Science (LSE) and Harvard Business School
Downloads 52 (663,161)
Citation 62

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4.

A Flow-Based Explanation for Return Predictability

Number of pages: 53 Posted: 06 Sep 2009 Last Revised: 01 Jul 2010
Dong Lou
London School of Economics & Political Science (LSE)
Downloads 1,175 (31,704)
Citation 98

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Capital flows, Price pressure, Return predictability, Performance persistence, Smart money effect, Stock price momentum

5.

'Consistent' Earnings Surprises

Downloads 923 (44,596)
Citation 2

'Consistent' Earnings Surprises

Number of pages: 52 Posted: 15 Mar 2010 Last Revised: 09 Sep 2014
Byoung-Hyoun Hwang, Baixiao Liu and Dong Lou
Nanyang Business School, Nanyang Technological University, Peking University HSBC Business School and London School of Economics & Political Science (LSE)
Downloads 707 (63,086)
Citation 2

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Stock recommendations, Biased earnings forecasts, Career concerns

'Consistent' Earnings Surprises

Number of pages: 52 Posted: 16 Mar 2011 Last Revised: 09 Sep 2014
Byoung-Hyoun Hwang, Baixiao Liu and Dong Lou
Nanyang Business School, Nanyang Technological University, Peking University HSBC Business School and London School of Economics & Political Science (LSE)
Downloads 216 (242,137)
Citation 1

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Stock recommendations, Biased earnings forecasts, Career concerns

6.

Wealth Redistribution in Bubbles and Crashes

Journal of Monetary Economics, Vol. 126, 2022, PBCSF-NIFR Research Paper
Number of pages: 45 Posted: 19 Jun 2019 Last Revised: 26 Feb 2022
Li An, Dong Lou and Donghui Shi
Tsinghua University - PBC School of Finance, London School of Economics & Political Science (LSE) and Shanghai Stock Exchange
Downloads 826 (52,001)
Citation 10

Abstract:

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bubbles and crashes, wealth inequality, market participation, social impact

7.

Anticipated and Repeated Shocks in Liquid Markets

Number of pages: 38 Posted: 15 Aug 2010 Last Revised: 03 May 2013
Dong Lou, Hongjun Yan and Jinfan Zhang
London School of Economics & Political Science (LSE), DePaul University and Chinese University of Hong Kong (Shenzhen)
Downloads 786 (55,633)
Citation 56

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Liquidity, Capital mobility, Supply shocks, Treasury auctions

8.

Relative Basis: A Better Measure of the Convenience Yield

Number of pages: 61 Posted: 21 Jun 2019 Last Revised: 19 Jun 2023
Ming Gu, Wenjin Kang, Dong Lou and Ke Tang
Xiamen University - School of Economics, Faculty of Business Administration, University of Macau, London School of Economics & Political Science (LSE) and Institute of Economics, School of Social Sciences, Tsinghua University
Downloads 772 (56,901)

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commodity markets, futures basis, convenience yield, commodity futures returns, theory of storage

9.

A Test of the Self-Serving Attribution Bias: Evidence from Mutual Funds

Fourth Singapore International Conference on Finance 2010 Paper
Number of pages: 48 Posted: 03 Mar 2008 Last Revised: 20 Dec 2010
Darwin Choi and Dong Lou
The Chinese University of Hong Kong (CUHK) - CUHK Business School and London School of Economics & Political Science (LSE)
Downloads 728 (61,546)
Citation 14

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Overconfidence, Active Share, Mutual fund performance

10.

Cloaked Trading

Downloads 696 (65,270)
Citation 1

Cloaked Trading

Journal of Investment Consulting, Vol. 17, No. 2, 2016
Number of pages: 15 Posted: 20 Jan 2017 Last Revised: 28 Jan 2017
Lauren Cohen, Dong Lou and Christopher J. Malloy
Harvard University - Business School (HBS), London School of Economics & Political Science (LSE) and Harvard Business School
Downloads 396 (128,737)

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Strategic Trading, Information, Asset Management, Investment

Cloaked Trading

Journal of Investment Consulting, Vol. 17, No. 2, p. 69-80, 2016
Number of pages: 15 Posted: 07 Feb 2017
Lauren Cohen, Dong Lou and Christopher J. Malloy
Harvard University - Business School (HBS), London School of Economics & Political Science (LSE) and Harvard Business School
Downloads 300 (174,301)
Citation 1

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11.

Margin Trading and Leverage Management

Downloads 596 (79,362)
Citation 3

Margin Trading and Leverage Management

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2021-29
Number of pages: 74 Posted: 11 Mar 2021
Jiangze Bian, Zhi Da, Zhiguo He, Dong Lou, Kelly Shue and Hao Zhou
University of International Business and Economics (UIBE), University of Notre Dame - Mendoza College of Business, University of Chicago - Finance, London School of Economics & Political Science (LSE), Yale School of Management and Tsinghua University - PBC School of Finance
Downloads 523 (92,454)
Citation 6

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margin trading, leverage management, liquidation policy, contagion

Margin Trading and Leverage Management

Number of pages: 74 Posted: 22 Mar 2021
Jiangze Bian, Zhi Da, Zhiguo He, Dong Lou, Kelly Shue and Hao Zhou
University of International Business and Economics (UIBE), University of Notre Dame - Mendoza College of Business, University of Chicago - Finance, London School of Economics & Political Science (LSE), Yale School of Management and Tsinghua University - PBC School of Finance
Downloads 73 (555,632)

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margin trading, leverage management, liquidation policy, contagion

12.

Leverage Network and Market Contagion

PBCSF-NIFR Research Paper
Number of pages: 58 Posted: 28 Sep 2017 Last Revised: 13 Mar 2019
Jiangze Bian, Zhi Da, Dong Lou and Hao Zhou
University of International Business and Economics (UIBE), University of Notre Dame - Mendoza College of Business, London School of Economics & Political Science (LSE) and Tsinghua University - PBC School of Finance
Downloads 496 (99,645)
Citation 19

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Margin trading, leverage, contagion, network centrality

13.

Cross-Market Timing in Security Issuance

AFA 2012 Chicago Meetings Paper
Number of pages: 50 Posted: 23 Mar 2011 Last Revised: 07 Mar 2013
Pengjie Gao and Dong Lou
University of Notre Dame - Mendoza College of Business and London School of Economics & Political Science (LSE)
Downloads 428 (118,725)
Citation 5

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Debt misvaluation, Market timing, Security issuance, Flow-induced trading

14.

Maximizing Short-Term Stock Prices through Advertising

Number of pages: 44 Posted: 18 Mar 2010 Last Revised: 30 Nov 2010
Dong Lou
London School of Economics & Political Science (LSE)
Downloads 413 (123,764)
Citation 5

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advertising, catering, insider sales, equity offerings, investor attention

15.

Industry Window Dressing

Number of pages: 78 Posted: 06 Apr 2016
Huaizhi Chen, Lauren Cohen and Dong Lou
University of Notre Dame - Department of Finance, Harvard University - Business School (HBS) and London School of Economics & Political Science (LSE)
Downloads 404 (126,926)
Citation 6

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Industry window dressing, opportunistic management, discontinuity, favorable industries

16.

Superstar Firms and College Major Choice

Downloads 358 (145,269)
Citation 5

Superstar Firms and College Major Choice

9th Miami Behavioral Finance Conference 2018
Number of pages: 37 Posted: 15 Mar 2019 Last Revised: 15 Nov 2022
Darwin Choi, Dong Lou and Abhiroop Mukherjee
The Chinese University of Hong Kong (CUHK) - CUHK Business School, London School of Economics & Political Science (LSE) and affiliation not provided to SSRN
Downloads 358 (144,216)
Citation 6

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Industry Salience, College Major Choice, Human Capital Investment, Stock Return Skewness, News Tone Skewness

The Effect of Superstar Firms on College Major Choice

CEPR Discussion Paper No. DP12296
Number of pages: 56 Posted: 20 Sep 2017
Darwin Choi, Dong Lou and Abhiroop Mukherjee
The Chinese University of Hong Kong (CUHK) - CUHK Business School, London School of Economics & Political Science (LSE) and affiliation not provided to SSRN
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17.

Fiscal-Monetary Interactions: Pre-Announcement Liquidity Effects After Bond Issuance

Johns Hopkins Carey Business School Research Paper No. 23-06
Number of pages: 63 Posted: 23 Oct 2022 Last Revised: 14 Feb 2023
Dong Lou, Gabor Pinter and Semih Uslu
London School of Economics & Political Science (LSE), Bank of England and Johns Hopkins Carey Business School
Downloads 346 (150,747)

Abstract:

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Monetary Policy Announcements, Price Drift, Bond Supply, Informed Trading

18.

Informed Trading in Government Bond Markets

Downloads 292 (180,467)
Citation 18

Informed Trading in Government Bond Markets

Number of pages: 46 Posted: 07 Nov 2019 Last Revised: 11 May 2020
Robert Czech, Shiyang Huang, Dong Lou and Tianyu Wang
Bank of England, The University of Hong Kong - Faculty of Business and Economics, London School of Economics & Political Science (LSE) and Tsinghua University, School of Economics and Management
Downloads 210 (248,690)

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government bonds, informed trading, return predictability, asset managers

Informed trading in government bond markets

Bank of England Working Paper No. 871
Number of pages: 55 Posted: 18 Jun 2020
Robert Czech, Shiyang Huang, Dong Lou and Tianyu Wang
Bank of England, The University of Hong Kong - Faculty of Business and Economics, London School of Economics & Political Science (LSE) and Tsinghua University, School of Economics and Management
Downloads 82 (518,314)
Citation 15

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Government bonds, informed trading, return predictability, asset managers

19.

An Anatomy of Long-Short Equity Funds

Number of pages: 63 Posted: 29 Mar 2021 Last Revised: 26 Feb 2022
Li An, Shiyang Huang, Dong Lou and Jiahong Shi
Tsinghua University - PBC School of Finance, The University of Hong Kong - Faculty of Business and Economics, London School of Economics & Political Science (LSE) and London School of Economics & Political Science (LSE)
Downloads 269 (196,208)

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Long-Short Equity Mutual Funds, Cash Holdings, Portfolio Beta, Fund Performance, Flow-Performance Relations

20.

The Rate of Communication

7th Miami Behavioral Finance Conference 2016
Number of pages: 42 Posted: 01 Oct 2016 Last Revised: 04 Aug 2020
Shiyang Huang, Byoung-Hyoun Hwang and Dong Lou
The University of Hong Kong - Faculty of Business and Economics, Nanyang Business School, Nanyang Technological University and London School of Economics & Political Science (LSE)
Downloads 268 (196,970)

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Social Interaction, Investor Communication, Information Diffusion

21.

An Unintended Consequence of Holding Dollar Assets

Bank of England Working Paper No. 953
Number of pages: 56 Posted: 08 Mar 2022
Robert Czech, Shiyang Huang, Dong Lou and Tianyu Wang
Bank of England, The University of Hong Kong - Faculty of Business and Economics, London School of Economics & Political Science (LSE) and Tsinghua University, School of Economics and Management
Downloads 187 (276,786)

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Covid crisis, gilt yields, variation margin, FX derivatives, global reserve currency, currency hedging

22.

Offsetting Disagreement and Security Prices

Downloads 166 (306,913)
Citation 3

Offsetting Disagreement and Security Prices

Number of pages: 52 Posted: 03 Feb 2014 Last Revised: 10 Aug 2020
Shiyang Huang, Byoung-Hyoun Hwang, Dong Lou and Chengxi (Adam) Yin
The University of Hong Kong - Faculty of Business and Economics, Nanyang Business School, Nanyang Technological University, London School of Economics & Political Science (LSE) and University of International Business and Economics
Downloads 166 (306,928)

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Investor Disagreement, Belief Crossing, Portfolio Discounts

Offsetting Disagreement and Security Prices

CEPR Discussion Paper No. DP12295
Number of pages: 46 Posted: 20 Sep 2017
Byoung-Hyoun Hwang, Dong Lou and Chengxi (Adam) Yin
Nanyang Business School, Nanyang Technological University, London School of Economics & Political Science (LSE) and University of International Business and Economics
Downloads 0
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23.

Ripples into Waves: Trade Networks, Economic Activity, and Asset Prices

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 52 Posted: 05 Oct 2021 Last Revised: 18 Oct 2021
Jinfan Zhang, Huancheng Du, Dong Lou and Christopher Polk
Chinese University of Hong Kong (Shenzhen), Central University of Finance and Economics, London School of Economics & Political Science (LSE) and London School of Economics
Downloads 157 (321,823)

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Sovereign CDS, Return predictability, Trade networks, Limited attention, Information aggregation

24.

Informed Trading in Government Bond Markets

CEPR Discussion Paper No. DP15028
Number of pages: 49 Posted: 28 Jul 2020 Last Revised: 16 Aug 2020
Dong Lou
London School of Economics & Political Science (LSE)
Downloads 1 (1,052,290)
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asset managers, Government bonds, Informed trading, return predictability

25.

Wealth Redistribution in Bubbles and Crashes

CEPR Discussion Paper No. DP15029
Number of pages: 55 Posted: 28 Jul 2020 Last Revised: 16 Aug 2020
Dong Lou
London School of Economics & Political Science (LSE)
Downloads 1 (1,052,290)
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bubbles and crashes, market participation, social impact, Wealth Inequality

26.

The Booms and Busts of Beta Arbitrage

CEPR Discussion Paper No. DP11531
Number of pages: 61 Posted: 26 Sep 2016
Shiyang Huang, Dong Lou and Christopher Polk
The University of Hong Kong - Faculty of Business and Economics, London School of Economics & Political Science (LSE) and London School of Economics
Downloads 1 (1,052,290)
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betting against beta, crowded trades, positive-feedback trading

27.

Bond supply, price drifts and liquidity provision before central bank announcements

Bank of England Working Paper No. 998
Posted: 24 Jan 2023
Gabor Pinter, Semih Uslu and Dong Lou
Bank of England, Johns Hopkins Carey Business School and London School of Economics & Political Science (LSE)

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monetary policy announcements, price drift, bond supply