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Song Ma

Song Ma

Associate Professor of Finance

Professor Ma’s main research interests are corporate finance, entrepreneurial finance, and innovation economics. His current research agenda focuses on understanding economic frictions in the process of financing and organizing innovation and entrepreneurial activities, and how to mitigate those frictions through financial and organizational arrangements. He also studies how entrepreneurship contributes to economic growth and the underlying mechanism.  Dr. Ma received his PhD in Finance from Duke University’s Fuqua School of Business and his BA in Economics from Zhejiang University.


  • PhD, Duke University, 2016
  • BA, Zhejiang University, 2010


Bankrupt Innovative Firms

S. Ma, J. Tong, and W. Wang
Management Science
2021 Article

Working Paper

Young Firms, Old Capital

S. Ma, J. Murfin, and R. Pratt
Journal of Financial Economics
2021 Working Paper

Persuading Investors: A Video-Based Study

S. Ma and A. Hu
2021 Working Paper

The Education-Innovation Gap

S. Ma and B. Biasi
2021 Working Paper


  • 40 Under 40 Best Business School Professors, Poets & Quants, 2021
  • Robert F. Lanzillotti Prize for the Best Paper in Antitrust Economics, IIOC, 2020
  • Jensen Prize for Best Paper on Corporate Finance, Journal of Financial Economics, 2019
  • Charles River Associates Award for the Best Paper on Corporate Finance, Western Finance Association, 2018
  • Academy of Management Annual Meeting Best Paper Award, 2018
  • Sumantra Goshal Research and Practice Award, AOM Strategic Management, 2018
  • AQR Top Finance Graduate Award, 2016