Ideas Made to Matter
9 new researchers join MIT Sloan faculty
The new faculty joining MIT Sloan in 2022 are experts in finance, system dynamics, technological innovation, and more.
Jul 6, 2022
Faculty
Tong Liu
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Tong Liu is the Judy C. Lewent (1972) and Mark Shapiro Career Development Assistant Professor of Finance and an Assistant Professor of Finance at the MIT Sloan School of Management.
Tong’s research focuses on corporate finance, entrepreneurial finance, and healthcare finance. His recent work uses a broad set of empirical methods and structural techniques to explore questions related to the welfare impacts of private equity buyouts and venture capital investments, market frictions that affect startup innovation, and measures of corporate investment opportunities.
He received his PhD in finance from the Wharton School at the University of Pennsylvania. Prior to that, he received an MA in economics from Peking University and a BA in mathematical economics and finance from Central University of Finance and Economics.
Publications
"Private Equity in Healthcare."
Howell, Sabrina, and Tong Liu. In The Palgrave Encyclopedia of Private Equity, edited by Benjamin Hammer and Douglas Cumming, 1-6. London, UK: Palgrave Macmillan, Cham, 2024.
"The Role of Human Capital: Evidence from Corporate Innovation."
Liu, Tong, Yifei Mao, and Xuan Tian. Journal of Empirical Finance Vol. 74, (2023): 101435. SSRN Preprint.
"Learning by Investing: Entrepreneurial Spillovers from Venture Capital."
Lerner, Josh, Jinlin Li, and Tong Liu, MIT Sloan Working Paper 6906-22. Cambridge, MA: MIT Sloan School of Management, October 2023.
"Common Ownership and Innovation Efficiency."
Li, Xuelin, Tong Liu, and Lucian A. Taylor. Journal of Financial Economics Vol. 147, No. 3 (2023): 475-497.
"Excess Commitment in R&D."
Liu, Tong, and Marius Guenzel, MIT Sloan Working Paper 6907-22. Cambridge, MA: MIT Sloan School of Management, 2022.
"Bargaining with Private Equity: Implications for Hospital Prices and Patient Welfare."
Liu, Tong, MIT Sloan Working Paper 6736-21. Cambridge, MA: MIT Sloan School of Management, December 2021.
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