Education
Postdoctoral Fellow, Hitotsubashi Univesrity, Japan
Ph.D., Graduate School of Decision Science and Technology, Tokyo Institute of Technology
Master’s degree, Graduate School of Decision Science and Technology, Tokyo Institute of Technology
Master’s degree, School of Management, Huazhong University of Science and Technology
Bachelor’s degree, School of Management, Huazhong University of Science and Technology
Overseas Visiting and Training
1. Visiting Researcher, University of Cambridge, UK, 2013/02-2013/04
2. Visiting Researcher, The Institute for Monetary and Economic Studies, Bank of Japan, 2008/11-2009/01
Courses Taught
Undergraduate Programs: Behavioral Finance, Introduction to the Discipline (Major)
Postgraduate Programs: Behavioral Corporate Finance, Behavioral Finance, Financial Management
Research Interests
Corporate Finance; Corporate Governance; Financing and investment in capital markets; Information Disclosure
Representative Research Papers
1. Shi, H., Teng, M.(Corresponding Author), Wang, W., Zhai, K., & Li, T. (2026). Management faultlines and the cost of bank loans. Journal of Corporate Finance, 102955.
2. He, X., Dong, Z., Teng, M.(Corresponding Author), & Yang, T. (2025). Investor sentiment spillover from air pollution: Cross-industry influences on stock markets. Economic Modelling, 107265.
3. Zhou, Y., Liu, P., & Teng, M.(Corresponding Author) (2024). The effects of host and home country economies on MNEs’ overseas CSR investment. Journal of International Management, 30(6), 101191.
4. Zhou, Y., Liu, P., Teng, M.(Corresponding Author), & Wang, Z. (2023). Back to roots: TMTs’ country-specific experience, FDI preference, and political center favoritism. International Business Review, 32(4), 102103.
5. Hou, Q., Li, W., Teng, M.(Corresponding Author), & Hu, M. (2022). Just a short-lived glory? The effect of China's anti-corruption on the accuracy of analyst earnings forecasts. Journal of Corporate Finance, 76, 102279.
6. Hou, Q., Chen, Z., & Teng, M.(Corresponding Author) (2022). Today’s baton and tomorrow’s vision: The effect of strengthening patent examination system on corporate innovation strategies. Journal of Business Research, 144, 614-626.
7. Hou, Q., Tang, X., & Teng, M.(Corresponding Author) (2021). Labor costs and financialization of real sectors in emerging markets. Pacific-Basin Finance Journal, 67, 101547.
8. Teng, M., & He, X. (2020). Air quality levels, environmental awareness and investor trading behavior: Evidence from stock market in China. Journal of Cleaner Production, 244, 118663.
9. Teng, M., Si, J., & Hachiya, T. (2016). Banking relationship, relative leverage and stock returns in Japan. Pacific-Basin Finance Journal, 40, 86-101.
10. Hachiya, T., & Teng, M. (2011). Shareholder power and managerial decisions: Evidence from stock repurchases in Japan. Frontier of Japanese Business Studies, 7, 49-61.
11. Hachiya, T., & Teng, M. (2011). The motivations of stock repurchase and ownership structure in Japan, Shoken Keizai Kenkyu (证券经济研究）, 76, 129-146.
