Assistant Professor of Finance, Yale SOM

Faculty Research Fellow, NBER

165 Whitney Avenue
New Haven, CT 06511-3729

Phone: +1 (203) 436-4687
E-mail: song.ma@yale.edu

Curriculum Vitae
Google Scholar

Research Interests

Primary: Corporate Finance, Entrepreneurial Finance, Innovation, Big Data
Secondary: Behavioral Finance, Education, Law and Economics, Antitrust

Publications

• “Bankrupt Innovative Firms,” with Joy Tianjiao Tong and Wei Wang, 2021, Conditionally Accepted, Management Science [Online Appendix]
  

  • Insight Grants, Social Sciences and Humanities Research Council, Government of Canada

• “Killer Acquisitions,” with Colleen Cunningham and Florian Ederer, 2021, Journal of Political Economy, 129 (3), 649-702, Lead Article [Online Appendix] [Video Animation]
  

  • AdC Competition Policy Award

  • Robert F. Lanzillotti Prize for the Best Paper in Antitrust Economics, IIOC

  • Charles River Associates Award for the Best Paper on Corporate Finance, WFA

  • Mark A. Satterthwaite Award for Outstanding Research in Healthcare Markets

  • Sumantra Ghoshal Research and Practice Award, AOM Strategic Management

  • Academy of Management Annual Meeting Best Paper

• “The Life Cycle of Corporate Venture Capital,” 2020, Review of Financial Studies, 33 (1), 358-394 [Online Appendix]
  

  • AQR Top Finance Graduate Award

  • Yihong Xia Best Paper Award, China International Conference in Finance

  • Coller Institute of Venture Research Award, Runner-up

  • PhD Outstanding Paper Award in Honor of Stuart I. Greenbaum

• “How Does Hedge Fund Activism Reshape Corporate Innovation,” with Alon Brav, Wei Jiang, and Xuan Tian, 2018, Journal of Financial Economics, 130 (2), 237-264 [Online Appendix]
  

  • Journal of Financial Economics Best Corporate Finance Paper Award (Jensen Prize)

  • Best Paper Award, John L. Weinberg Center Corporate Governance Symposium

  • IRRC Institute Research Award, Honorable Mention

• “Firm Age, Investment Opportunities, and Job Creation,” with Manuel Adelino and David Robinson, 2017, Journal of Finance, 72 (3), 999-1038 [Online Appendix] [Data Appendix]
  

  • Best Paper Award, Red Rock Finance Conference

Working Papers

• “Young Firms, Old Capital,” with Justin Murfin and Ryan Pratt, 2021, Revise and Resubmit, Journal of Financial Economics
  

• “Payout Taxation and Corporate Investment: The Agency Channel,” 2020, Revise and Resubmit, Review of Finance
  

• “Persuading Investors: A Video-Based Study,” with Allen Hu, 2021
  

• “The Education-Innovation Gap,” with Barbara Biasi, 2021
  

• “Private Equity and Financial Stability: Evidence from Failed Bank Resolution in the Crisis,” with Emily Johnston-Ross and Manju Puri, 2021
  

  • GARP Best Paper in Risk Management Award, MFA

Teaching

• Entrepreneurial Finance, Yale SOM MBA/EMBA Elective
  

  • Previous Teaching Experience: Corporate Finance, Venture Capital and Private Equity

• I was recognized as “Poets and Quants 40 Under 40 Best MBA/Business School Professors” in 2021

Useful Links

• WEFI: Workshop on Entrepreneurial Finance and Innovation

  • A bi-weekly, virtual workshop featuring research in entrepreneurial finance and innovation

  • Co-organizers: Michael Ewens, Yael Hochberg, and David Robinson
    

• WEFI Lecture: Interactions Between Startups and Incumbents [Video] [Lecture Webpage] [Slides]

  • Overview: This is a talk presented as part of the WEFI lecture series that intends to summarize emerging areas of the literature on entrepreneurial finance and innovation. The topic of “Interactions Between Startups and Incumbents” connects a large part of my work at the intersection of corporate and entrepreneurial finance.