Liang Dai was on the faculty of Antai College of Economics and Management, Shanghai Jiao Tong University prior to joining SME. He obtained his Ph.D. degree and M.A. degree in Economics from Princeton University. Before that, he received a B.A. degree in Economics and Finance from The University of Hong Kong. His research focuses on applied microeconomic theory and financial economics, and his work has been published in top journals such as Journal of Economic Theory and Review of Financial Studies.



1. Dai, Liang, Dan Luo and Ming Yang. "Disclosure of Bank-Specific Information and Financial Stability", Review of Financial Studies, Volume 37, Issue 4, April 2024, Pages 1315–1367.

2. Dai, Liang. "Asset Bundling and Information Acquisition of Investors with Different Expertise", Journal of Economic Theory, 175, May 2018, 447-490.


Working Papers

1. Dai, Liang, Yenan Wang and Ming Yang. "Dynamic Contracting with Flexible Monitoring"revise and resubmit requested by Review of Economic Studies.

2. Dai, Liang and Ming Yang. "Organizations and Spontaneous Order in Mitigating Strategic Uncertainty".

3. Dai, Liang, Yenan Wang and Ming Yang. "Insider Trading When There May Not Be and Insider".