Personal profile
Biography
Min Dai is Chair Professor in Applied Statistics and Financial Mathematics, Department of Applied Mathematics and School of Accounting and Finance, The Hong Kong Polytechnic University (PolyU). Prior to joining PolyU in 2021, he taught at National University of Singapore and Peking University after receiving his PhD degree from Fudan University in 2000. His research focuses on financial derivative pricing, portfolio selection with market imperfections, corporate finance, and financial technology. He published in peer-reviewed journals of different disciplines, such as the Journal of Econometrics, Journal of Economic Theory, Journal of Finance, Management Science, Mathematical Finance, Review of Financial Studies, and SIAM Journals. Currently he is a Co-editor of Digital Finance and serves in editorial boards of some academic journals, including Operations Research, Finance and Stochastics, Journal of Economic Dynamics and Control, SIAM Journal on Financial Mathematics, etc. He was invited to give talks at many conferences and workshops. Notably, he was a plenary speaker of the 12th World Congress of Bachelier Finance Society.
Research interests
Financial Derivative Pricing, Portfolio Selection, Corporate Finance, and Financial Technology
Education/Academic qualification
Doctor of Science, Fudan University
Bachelor of Science, Soochow University
Master of Philosophy, The Hong Kong Polytechnic University
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Collaborations and top research areas from the last five years
Research output
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Dynamic Trading with Realization Utility
Dai, M., Qin, C. & Wang, N., Feb 2026, In: Journal of Finance. 81, 1, p. 189-238Research output: Journal article publication › Journal article › Academic research › peer-review
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A q Theory of Internal Capital Markets
Dai, M., Giroud, X., Jiang, W. & Wang, N., Apr 2024, In: Journal of Finance. 79, 2, p. 1147-1197 51 p.Research output: Journal article publication › Journal article › Academic research › peer-review
Open Access9 Link opens in a new tab Citations (Scopus) -
Nonconcave Utility Maximization with Portfolio Bounds
Dai, M., Kou, S., Qian, S. & Wan, X., Nov 2022, In: Management Science. 68, 11, p. 8368-8385 18 p.Research output: Journal article publication › Journal article › Academic research › peer-review
Open Access5 Link opens in a new tab Citations (Scopus) -
Optimal tax-timing with asymmetric long-term/short-term capital gains tax
Dai, M., Liu, H., Yang, C. & Zhong, Y., Sept 2015, In: Review of Financial Studies. 28, 9, p. 2687-2721 35 p.Research output: Journal article publication › Journal article › Academic research › peer-review
Open Access13 Link opens in a new tab Citations (Scopus) -
Designing stablecoins
Cao, Y., Dai, M., Kou, S., Li, L. & Yang, C., Jan 2025, In: Mathematical Finance. 35, 1, p. 263-294 32 p.Research output: Journal article publication › Journal article › Academic research › peer-review
Open Access7 Link opens in a new tab Citations (Scopus)
Activities
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12th World Congress of Bachelier Finance Society
Dai, M. (Invited speaker)
8 Jul 2024 → 12 Jul 2024Activity: Talk or presentation › Invited talk
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16th Risk Management Annual Conference
Dai, M. (Invited speaker)
31 Jul 2023 → 1 Aug 2023Activity: Talk or presentation › Invited talk
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Control and Optimization Pisa 2023
Dai, M. (Invited speaker)
8 May 2023 → 10 May 2023Activity: Talk or presentation › Invited talk
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INFORMS Financial Services Section (External organisation)
Dai, M. (Executive member)
1 Jan 2022 → 31 Dec 2024Activity: Office holder / membership of professional bodies › Office holder / member of committee
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Workshop on stochastic analysis model and control methods in quantitative finance
Dai, M. (Invited speaker)
20 May 2022 → 22 May 2022Activity: Talk or presentation › Invited talk