MA Pengfei
Full-time Faculty
Assistant Professor of Finance
Lee Kong Chian School of Business
LKCSB
Home Page
Education
| 2023 | Ph.D. in Finance, Indiana University |
| 2019 | M.Sc. in Business Administration, Indiana University |
| 2015 | M.Sc. in Business Administration, Xiamen University |
| 2012 | B.A. in Financial Management, Xiamen University |
Current Position(s) Held
| Jul 2023 - Now | Assistant Professor of Finance Lee Kong Chian School of Business, Singapore Management University |
Awards, Recognition and Honors
- AFA Travel Grant, 2023
- FMA Doctoral Student Consortium, 2022
- EFA Travel Grant, 2022
- Craig Holden Memorial Doctoral Fellowship, 2022
- Doctoral Student Research Travel Award, Indiana University, 2018
- Doctoral Student Research Productivity Award, Indiana University, 2018, 2019
- Doctoral Fellowship, Indiana University, 2017-2022
- National Endeavor Fellowship by Ministry of Education of China, 2011
Research Interests
- Corporate Finance, Banking, and Household Finance
Journal Articles (Refereed)
- Loan Spreads and Credit Cycles: The Role of Lenders' Personal Economic Experiences, with Daniel Carvalho and Janet Gao, Journal of Financial Economics 148 (2), 118-149, 2023
- Partisanship in Loan Pricing, with Ramona Dagostino and Janet Gao, Journal of Financial Economics, 150(3), 103717, 2023
- Information Production by Institutions and Information Extraction by Underwriters in Hybrid IPO Auctions, with Thomas Chemmanur, Chaopeng Wu, and Qianqian Yu, Review of Corporate Finance, 5(3-4), 291-348, 2025
- Labor Capacity Constraints in Mortgage Lending: Evidence from Loan Officers
Research Areas and Areas of Expertise
Strategic Priorities
HighlightsPengfei Ma is an Assistant Professor of Finance at Singapore Management University whose research on corporate finance, banking, and household finance has garnered international recognition and media coverage.
Bridges empirical rigor with policy-relevant insights, influencing both academic discourse and public debate; recognized for high-impact publications, media presence, and contributions to understanding how economic and political contexts shape financial markets.
Focused research areas include Examines the interplay between lender and borrower behavior, the impact of personal and political factors on financial decision-making, information dynamics in capital markets, and the real effects of financial conditions on households and institutions.
Bridges empirical rigor with policy-relevant insights, influencing both academic discourse and public debate; recognized for high-impact publications, media presence, and contributions to understanding how economic and political contexts shape financial markets.
Focused research areas include Examines the interplay between lender and borrower behavior, the impact of personal and political factors on financial decision-making, information dynamics in capital markets, and the real effects of financial conditions on households and institutions.
Areas of Expertise
Corporate FinanceBankingHousehold Finance
Past Awarded Grant
- 2023, MOE AcRF Tier 1 Grant
Latest Publications
Showing up to 6 latest publications from the past 5 years.
- I Erel, S Ge, P MaNational Bureau of Economic Research, 2025
- TJ Chemmanur, P Ma, C Wu, Q YuReview of Corporate Finance 5 (3-4), 291-348, 2025
- Partisan friendshoring [2024]M Ayyagari, J Gao, P MaHKU Jockey Club Enterprise Sustainability Global Research Institute-Archive …, 2024
- B Loos, P Ma, A Previtero, A HACKETHAL
- Partisanship in loan pricing [2023]R Dagostino, J Gao, P MaJournal of Financial Economics 150 (3), 103717, 2023
- D Carvalho, J Gao, P MaJournal of Financial Economics 148 (2), 118-149, 2023
This highlights are AI-generated content using the faculty's CV.
Home Page
Education
| 2023 | Ph.D. in Finance, Indiana University |
| 2019 | M.Sc. in Business Administration, Indiana University |
| 2015 | M.Sc. in Business Administration, Xiamen University |
| 2012 | B.A. in Financial Management, Xiamen University |
Current Position(s) Held
| Jul 2023 - Now | Assistant Professor of Finance Lee Kong Chian School of Business, Singapore Management University |
Awards, Recognition and Honors
- AFA Travel Grant, 2023
- FMA Doctoral Student Consortium, 2022
- EFA Travel Grant, 2022
- Craig Holden Memorial Doctoral Fellowship, 2022
- Doctoral Student Research Travel Award, Indiana University, 2018
- Doctoral Student Research Productivity Award, Indiana University, 2018, 2019
- Doctoral Fellowship, Indiana University, 2017-2022
- National Endeavor Fellowship by Ministry of Education of China, 2011
Research Interests
- Corporate Finance, Banking, and Household Finance
Journal Articles (Refereed)
- Loan Spreads and Credit Cycles: The Role of Lenders' Personal Economic Experiences, with Daniel Carvalho and Janet Gao, Journal of Financial Economics 148 (2), 118-149, 2023
- Partisanship in Loan Pricing, with Ramona Dagostino and Janet Gao, Journal of Financial Economics, 150(3), 103717, 2023
- Information Production by Institutions and Information Extraction by Underwriters in Hybrid IPO Auctions, with Thomas Chemmanur, Chaopeng Wu, and Qianqian Yu, Review of Corporate Finance, 5(3-4), 291-348, 2025
- Labor Capacity Constraints in Mortgage Lending: Evidence from Loan Officers