Dongmei Li

Curriculum Vitae


Contact Information

Rady School of Management
Wells Fargo Hall, Room 4W104
9500 Gilman Drive #0553
La Jolla, CA 92093-0553
Phone: 858.822.7455­
Fax: 858.534.0744­

Research Areas

Asset pricing
Corporate finance

Industry Areas

Venture capital

Dongmei Li

Assistant Professor of Finance

Li's main research interests are asset pricing, financing and investment decisions of innovative firms. She has published in leading journals such as Review of Financial Studies and Journal of Financial Economics. She teaches venture capital and M&A in the Full-Time and Flex MBA programs.

Li received her Ph.D. in finance from the Wharton School at the University of Pennsylvania and Master in Finance from Princeton University.


Innovative Efficiency and Stock Returns (with David Hirshleifer, and Po-Hsuan Hsu), Journal of Financial Economics, 2013, 107, pp 632-654. 

Financial Constraints, R&D Investments, and Stock Returns Review of Financial Studies, September 2011, pp 2974-3007.

Does Q-Theory with Investment Frictions Explain Anomalies in the Cross-Section of Returns? (with Lu Zhang), Jounal of Financial Economics, November 2010, pp 297-314.

Distinguishing Rational and Behavioral Models of Momentum, Quarterly Journal of Finance, Forthcoming

Working Papers

Capital Investment, Option Generation, and Stock Returns (with Praveen Kumar), Revise and Resubmit, Journal of Finance (Appendix)

Don’t Hide Your Light Under a Bushel: Innovative Diversity and Stock Returns (with David Hirshleifer and Po-Hsuan Hsu), Revise and Resubmit, Journal of Finance

Optimal Real Option Generation and Investment-Return Dynamics (with Praveen Kumar)

Less is More: Financial Constraints and Innovative Efficiency (with Heitor Almeida and Po-Hsuan Hsu)