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Ling Cen

Ling Cen

    Ling Cen

    Associate Professor of Finance, Department of Management, University of Toronto-Scarborough

    Degrees: PhD in Finance, Hong Kong University of Science and Technology, 2008
    MSc in Economics and Finance, The University of Warwick, 2002
    BSc in Economics, Zhejiang University, 2001
    Email: Send an email to Ling Cen
    Phone: 416-978-3119


    Ling Cen is an Associate Professor of Finance in the Department of Management at the University of Toronto-Scarborough, with a cross-appointment to the Finance area at Rotman.  His early research was mainly on behavioural finance. In his recent work, he conducts interdisciplinary studies of corporate finance and operations management, focusing on the role of supply-chain relationships on various aspects of corporate decisions. He is also interested in the role of buy-side and sell-side analysts in earnings conference calls. His papers have been published in Journal of Financial Economics, Management Science, Accounting Review, Journal of Financial and Quantitative Analysis, and Review of Finance.

    Selected Publications - Papers

    • Strategic Disclosure of Litigation Loss Contigencies When Customer-Supplier Relationships are At Risk; Ling Cen, Feng Chen, Yu Hou and Gordon Richardson; The Accounting Review, Forthcoming; 2017
    • Reputation and Loan Contract Terms: the Role of Principal Customers; Ling Cen, Sudipto Dasgupta, Redouane Elkamhi, and Raunaq S. Pungaliya; Review of Finance; Issue: 20(2); 2016; Pages: 501-533
    • Discipline or Disruption? Stakeholder Relationships and the Effect of Takeover Threat; Ling Cen, Sudipto Dasgupta, and Rik Sen; Management Science; Issue: 62(10); 2016; Pages: 2820-2841
    • Disagreement, Underreaction, and Stock Returns; Ling Cen, K. C. John Wei, and Liyan Yang; Management Science, Forthcoming; 2016
    • Customer-Supplier Relationship and Tax Avoidance; Ling Cen, Ed Maydew, Liandong Zhang, and Luo Zuo; Journal of Financial Economics, Forthcoming; 2016
    • The Role of Anchoring Bias in the Equity Market: Evidence from Analysts' Earnings Forecasts and Stock Returns; Ling Cen, Gilles Hilary, and K. C. John Wei; Journal of Financial and Quantitative Analysis; Issue: 48(1); 2013; Pages: 47-76
    • Investor Sentiment, Disagreement, and Breadth-Return Relationship; Ling Cen, Hai Lu and Liyan Yang; Management Science; Issue: 59(5); 2013; Pages: 1076-1091
    • When Tail Wag the Dog: Industry Leaders and Cross-industry Information Diffusion; Ling Cen, Kalok Chan, Sudipto Dasgupta, and Ning Gao; Management Science; Issue: 59(11); 2013; Pages: 2566-2585

    Research and Teaching Interests

    Buy-side Analyst Behaviours; Product Market Relationships; Information Diffusion Mechanism; IPOs and SEOs;  

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