SCH OF ECONOMICS & FINANCE



Researcher : Bai C

Project Title:The system of incentives for managers with multitasks: theory and evidence from Chinese state-owned enterprises
Investigator(s):Bai C
Department:Sch of Economics & Finance
Source(s) of Funding:Seed Funding Programme for Basic Research
Start Date:01/2003




Researcher : Buehlmaier M

Project Title:Media-Based Merger Arbitrage
Investigator(s):Buehlmaier M
Department:Sch of Economics & Finance
Source(s) of Funding:Seed Funding Programme for Basic Research
Start Date:04/2011


Project Title:2011 FMA Annual Meeting The Role of Media in Takeovers: Theory and Evidence
Investigator(s):Buehlmaier M
Department:Sch of Economics & Finance
Source(s) of Funding:URC/CRCG - Conference Support for Teaching Staff
Start Date:10/2011
Completion Date:10/2011


Project Title:A Narrative Approach to Measuring Financial Constraints
Investigator(s):Buehlmaier M
Department:Sch of Economics & Finance
Source(s) of Funding:General Research Fund (GRF)
Start Date:11/2011


List of Research Outputs

Buehlmaier M., Best Paper Award Semifinalist in Corporate Finance, 2011 FMA Annual Meeting, Financial Management Association. 2011.
Buehlmaier M., Media-Based Merger Arbitrage, City University of Hong Kong. 2012.
Buehlmaier M., Stephan Koren Prize, In: o. Univ.Prof. Dr. Helmut Strasser, Vienna University of Economics and Business. 2011.
Buehlmaier M., The Role of Media in Takeovers: Theory and Evidence, 2011 Asian Finance Association Annual Meeting. 2011.
Buehlmaier M., The Role of Media in Takeovers: Theory and Evidence, 2011 FMA Annual Meeting. 2011.


Researcher : Carverhill AP

Project Title:Non-parametric modelling of the term structure of interest rates, using Eurodollar futures
Investigator(s):Carverhill AP
Department:School of Business
Source(s) of Funding:Seed Funding for New Staff
Start Date:08/2002


Project Title:2007 China International Conference in Finance The Smirk in the S&P500 Futures Options Prices:a Linearized Factor Analysis"
Investigator(s):Carverhill AP
Department:Sch of Economics & Finance
Source(s) of Funding:URC/CRCG - Conference Support for Teaching Staff
Start Date:07/2007




Researcher : Chan AWH

List of Research Outputs

Almstrum V. .L., Amin Z., Belfiore P.J., Berger J.B., Bonal X., Bretag T., Brownlee J., Burch P., Cardellini L., Chan A.W.H., Chang M.J. and Chaudhuri K., Journal editor, Education Research International. Hindawi Publishing Corporation, 2012.
Cheung H. and Chan A.W.H., Increasing the competitive positions of countries through employee training: The competitiveness motive across 33 countries, International Journal of Manpower. Emerald Group Publishing Limited, 2012, 33(2): 144-158.


Researcher : Chan K

Project Title:Information content of reduction in R&D investments
Investigator(s):Chan K
Department:Sch of Economics & Finance
Source(s) of Funding:General Research Fund (GRF)
Start Date:12/2010
Completion Date:08/2012


Project Title:2011 Financial Management Association Annual Meeting Informed traders: Linking legal insider trading and share repurchases
Investigator(s):Chan K
Department:Sch of Economics & Finance
Source(s) of Funding:URC/CRCG - Conference Support for Teaching Staff
Start Date:10/2011
Completion Date:10/2011




Researcher : Chan W

Project Title:HKU Overseas Fellowship Awards 2009-10
Investigator(s):Chan W
Department:Sch of Economics & Finance
Source(s) of Funding:HKU Overseas Fellowship Awards
Start Date:09/2009


Project Title:The Effect of Dowry on the Welfare of Women
Investigator(s):Chan W
Department:Sch of Economics & Finance
Source(s) of Funding:General Research Fund (GRF)
Start Date:09/2009
Completion Date:02/2012


Project Title:Western Economic Association International 87th Annual Conference Marital Transfer and Welfare of Women
Investigator(s):Chan W
Department:Sch of Economics & Finance
Source(s) of Funding:URC/CRCG - Conference Support for Teaching Staff
Start Date:06/2012


List of Research Outputs

Chan W., Marital Transfers and Welfare of Women, 53rd Annual Conference of The Indian Society of Labour Economics. 2011.
Chan W., Marital Transfers and Welfare of Women, Business & Economics Society International Conference. 2011.
Chan W., Marital Transfers and Welfare of Women, Department of Economics, Lingnan University. 2012.
Chan W., Marital Transfers and Welfare of Women, International Conference on Applied Economics. 2011.


Researcher : Chen K

Project Title:Demographics and Hours Worked in the U.S.
Investigator(s):Chen K
Department:Sch of Economics & Finance
Source(s) of Funding:Seed Funding Programme for Basic Research
Start Date:10/2009




Researcher : Chiu SYW

Project Title:A Theory of Intergroup Relation: with Applications to the Decline of Class and Diversity and Economic Performance
Investigator(s):Chiu SYW
Department:Sch of Economics & Finance
Source(s) of Funding:General Research Fund (GRF)
Start Date:07/2009


Project Title:Globalization and Democratic Recessions
Investigator(s):Chiu SYW
Department:Sch of Economics & Finance
Source(s) of Funding:Small Project Funding
Start Date:02/2011


Project Title:Preferential Treatment in Centralized Admissions: The Case of Motive Schools
Investigator(s):Chiu SYW
Department:Sch of Economics & Finance
Source(s) of Funding:General Research Fund (GRF)
Start Date:09/2011


Project Title:the 13th annual conference of the Association for Public Economic Theory (APET) Autocracy versus Democracy: an International Perspective
Investigator(s):Chiu SYW
Department:Sch of Economics & Finance
Source(s) of Funding:URC/CRCG - Conference Support for Teaching Staff
Start Date:06/2012
Completion Date:06/2012


List of Research Outputs

Chen B.R. and Chiu S.Y.W., Competitive Bidding with a Bid Floor, International Journal of Economic Theory . Wiley, 2012, 7 (4); December 2011: 351-371.


Researcher : Gao X

Project Title:Mutual Fund Brokerage Commissions and Soft Dollars
Investigator(s):Gao X
Department:Sch of Economics & Finance
Source(s) of Funding:General Research Fund (GRF)
Start Date:10/2009
Completion Date:04/2012


Project Title:Investor Sentiment and Idiosyncratic Risk: Implications on Expected Market Returns
Investigator(s):Gao X
Department:Sch of Economics & Finance
Source(s) of Funding:General Research Fund (GRF)
Start Date:09/2010


Project Title:Predicting Corporate Activities with a General Riskiness Measure
Investigator(s):Gao X
Department:Sch of Economics & Finance
Source(s) of Funding:Incentive Award for RGC GRF Fundable But Not Funded Projects
Start Date:07/2011




Researcher : Hau TD

Project Title:87th Annual Conference of the Western Economic Association International Sustainable Public Transportation
Investigator(s):Hau TD
Department:Sch of Economics & Finance
Source(s) of Funding:URC/CRCG - Conference Support for Teaching Staff
Start Date:06/2012


List of Research Outputs

Hau T.D., Loo B.P.Y., Wong K.I. and Wong S.C., An estimation of efficient time-varying tolls for cross harbor tunnels in Hong Kong, The Singapore Economic Review. Singapore, World Scientific Publishing, 2011, 56(4): 467-488.
Hau T.D., Editorial Board Member, Research in Transportation Economics. Elsevier, 2012.
Hau T.D., Sustainable Public Transportation, The 87th Annual Conference of the Western Economic Association International, June 29 - July 3, 2012, San Francisco, USA. 2012, 1-26.


Researcher : Hsu P

Project Title:R&D tax credit and investment efficiency: Evidence from innovation
Investigator(s):Hsu P
Department:Sch of Economics & Finance
Source(s) of Funding:Seed Funding Programme for Basic Research
Start Date:08/2011


Project Title:2011 Financial Management Association Annual Meeting Competitiveness in Technological Innovation and Its Implications for Bondholders New Dogs New Tricks: CEO Turnover, CEO-related Factors, and Innovation Performance Financial Development and Innovation: Cross Country Evidence
Investigator(s):Hsu P
Department:Sch of Economics & Finance
Source(s) of Funding:URC/CRCG - Conference Support for Teaching Staff
Start Date:10/2011
Completion Date:10/2011


List of Research Outputs

Eisdorfer A. and Hsu P., Innovate to survive: The effect of technology competition on corporate bankruptcy, Financial Management. 2011, 40: 1087-1117.


Researcher : Jao YC

Project Title:Financial reform in Hong Kong
Investigator(s):Jao YC
Department:Sch of Economics & Finance
Source(s) of Funding:Other Funding Scheme
Start Date:09/2000




Researcher : Jiang K

Project Title:A Contractual Analysis of State versus Private Ownership
Investigator(s):Jiang K
Department:Sch of Economics & Finance
Source(s) of Funding:Seed Funding Programme for Basic Research
Start Date:06/2012


List of Research Outputs

Guo D., Jiang K. and Xu C., Institution and Managerial Task Allocation: Evidence from Chinese Entrepreneurs, University of Hong Kong, 2012.
Guo D., Jiang K. and Xu C., Institution and Managerial Task Allocation: Evidence from Chinese Entrepreneurs, "The Market For Ideas, Human Capital, And Economic Development" Conference Honoring Nobel Laureate Ronald Coase. University of Buffalo, 2012.
Guo D., Jiang K., Kim B.Y. and Xu C., Political Economy of Private Firms in China, University of Hong Kong, 2012.
Guo D., Jiang K., Kim B.Y. and Xu C., The Political Economy of Private Firms in China, From Economic Development to Human Flourishing: The Case of China . 2011.
Guo D. and Jiang K., Venture Capital Investment and the Growth of Entrepreneurial Firms: Evidence from China , 2011.
Jiang K., Venture Capital Investment and the Growth of Entrepreneurial Firms in China , The 19th SJE International Symposium. 2011.


Researcher : Lau SH

Project Title:Cross-Game Learning and Teaching in Repeated Games: A Laboratory Study
Investigator(s):Lau SH
Department:Sch of Economics & Finance
Source(s) of Funding:Seed Funding Programme for Basic Research
Start Date:06/2009
Completion Date:12/2011


Project Title:Longevity increase, retirement saving and retirement age: Economic analyses and policy implications
Investigator(s):Lau SH
Department:Sch of Economics & Finance
Source(s) of Funding:Public Policy Research
Start Date:07/2010


Project Title:6th Australia New Zealand Workshop on Experimental Economics Learning, Teaching, and Turn Taking in the Repeated Assignment Game
Investigator(s):Lau SH
Department:Sch of Economics & Finance
Source(s) of Funding:URC/CRCG - Conference Support for Teaching Staff
Start Date:08/2011
Completion Date:08/2011


List of Research Outputs

Lau S.H. and Mui V.L., Using Turn Taking to Achieve Intertemporal Cooperation and Symmetry in Infinitely Repeated 2x2 Games, Theory and Decision. Springer, 2012, 72 (No. 2): 167-188.
d'Albis H., Lau S.H. and Sanchez-Romero M., Mortality transition and differential incentives for early retirement, Journal of Economic Theory. Elsevier, 2012, 147 (No. 1): 261-283.


Researcher : Li D

Project Title:High frequency trading in equity market
Investigator(s):Li D
Department:Sch of Economics & Finance
Source(s) of Funding:Seed Funding Programme for Basic Research
Start Date:10/2011




Researcher : Lin T

Project Title:Detecting Price Barriers
Investigator(s):Lin TC
Department:Sch of Economics & Finance
Source(s) of Funding:Seed Funding Programme for Basic Research
Start Date:10/2009
Completion Date:04/2012


Project Title:Detecting Stock Price Barriers
Investigator(s):Lin TC
Department:Sch of Economics & Finance
Source(s) of Funding:General Research Fund (GRF)
Start Date:09/2010


Project Title:Who Mess up the Mean-Variance relation?
Investigator(s):Lin TC
Department:Sch of Economics & Finance
Source(s) of Funding:Seed Funding Programme for Basic Research
Start Date:01/2011


Project Title:Losing by Trading? The Index Futures Investment Performance of Day Traders
Investigator(s):Lin TC
Department:Sch of Economics & Finance
Source(s) of Funding:Incentive Award for RGC GRF Fundable But Not Funded Projects
Start Date:07/2011


Project Title:What Do Informed Options Traders Know?
Investigator(s):Lin TC
Department:Sch of Economics & Finance
Source(s) of Funding:Seed Funding Programme for Basic Research
Start Date:06/2012




Researcher : Lin TC

Project Title:Detecting Price Barriers
Investigator(s):Lin TC
Department:Sch of Economics & Finance
Source(s) of Funding:Seed Funding Programme for Basic Research
Start Date:10/2009
Completion Date:04/2012


Project Title:Detecting Stock Price Barriers
Investigator(s):Lin TC
Department:Sch of Economics & Finance
Source(s) of Funding:General Research Fund (GRF)
Start Date:09/2010


Project Title:Who Mess up the Mean-Variance relation?
Investigator(s):Lin TC
Department:Sch of Economics & Finance
Source(s) of Funding:Seed Funding Programme for Basic Research
Start Date:01/2011


Project Title:Losing by Trading? The Index Futures Investment Performance of Day Traders
Investigator(s):Lin TC
Department:Sch of Economics & Finance
Source(s) of Funding:Incentive Award for RGC GRF Fundable But Not Funded Projects
Start Date:07/2011


Project Title:What Do Informed Options Traders Know?
Investigator(s):Lin TC
Department:Sch of Economics & Finance
Source(s) of Funding:Seed Funding Programme for Basic Research
Start Date:06/2012




Researcher : Liu Q

Project Title:Allied Social Sciences Associations (ASSA) 2006 Conference Stock Market Information Production and CEO Incentives Does Competition Encourage Unethical Behavior? The Case of Corporate Profit Hiding in China
Investigator(s):Liu Q
Department:Sch of Economics & Finance
Source(s) of Funding:URC/CRCG - Conference Support for Teaching Staff
Start Date:01/2006


Project Title:33rd Annual Meeting of the European Finance Association 2006 Predicting Stock Market Returns with Aggregate Discretionary
Investigator(s):Liu Q
Department:Sch of Economics & Finance
Source(s) of Funding:URC/CRCG - Conference Support for Teaching Staff
Start Date:08/2006


Project Title:On the Chinese Pyramids: evolution, economic effects, and regulations
Investigator(s):Liu Q, Arner DW
Department:Sch of Economics & Finance
Source(s) of Funding:General Research Fund (GRF)
Start Date:09/2010


List of Research Outputs

Liu Q. and Siu A.K.F., Institutions and Corporate Investment: Evidence from Investment-Implied Return on Capital in China, Journal of Financial and Quantitative Analysis. 2011, 46 No. 6: 1831-1863.
Liu Q. and Wong K.P., Intellectual Capital and Financing Decisions: Evidence from the U.S. Patent Data, Management Science. 2011, 57: 1861-1878.


Researcher : Lo P

Project Title:Strategic Voting in Multi-candidate Races
Investigator(s):Lo P
Department:Sch of Economics & Finance
Source(s) of Funding:General Research Fund (GRF)
Start Date:09/2008
Completion Date:08/2011


Project Title:Competition and Reputation in the Market for Information Intermediaries
Investigator(s):Lo P
Department:Sch of Economics & Finance
Source(s) of Funding:General Research Fund (GRF)
Start Date:01/2011


Project Title:2012 North American Summer Meeting of the Econometric Society; Why Does New Hampshire Matter --- Simultaneous v.s. Sequential Election with Multiple Candidates
Investigator(s):Lo P
Department:Sch of Economics & Finance
Source(s) of Funding:URC/CRCG - Conference Support for Teaching Staff
Start Date:06/2012


List of Research Outputs

Lo P., Hierarchical v.s. Simultaneous Communication, In: Ernst-Ludwig von Thadden, European Meeting of the Econometric Society. 2011.
Lo P., Why Does New Hampshire Matter --- Simultaneous v.s. Sequential Primaries, In: Pohan Fong, International Conference on International Trade and Political Economy. 2011.
Lo P., Why Does New Hampshire Matter --- Simultaneous v.s. Sequential Primaries, North American Summer Meeting of the Econometric Society, 2012.
Lo P., Why does New Hampshire Matter --- Simultaneous v.s. Sequential Primaries, In: Chenggang Xu, 2011 Annual Meeting of Asian Law and Economics Association. 2011.


Researcher : Luo X

Project Title:Expected Stock Returns and Forward Variances: Theory and Evidence
Investigator(s):Luo X, Zhang J
Department:Sch of Economics & Finance
Source(s) of Funding:Small Project Funding
Start Date:02/2012


List of Research Outputs

Luo X., Han H. and Zhang J., The Term Structure of Chinese Treasury Yields: Dynamic Models and Their Forecasting Ability, 2011 Financial Management Association (FMA) Annual Meeting, October 19-22, 2011, Denver, Colorado, USA. 2011.
Luo X. and Zhang J., The Term Structure of VIX, 22nd Asia-Pacific Futures Research Symposium, April 26-27, 2012, Shanghai, China. 2012.
Luo X. and Zhang J., The Term Structure of VIX, Asian Finance Association (AsianFA) 2011 International Conference, July 10-13, 2011, Macao, China. 2011.


Researcher : Luo Y

Project Title:Robustness, Inventories, and Production Fluctuations
Investigator(s):Luo Y
Department:Sch of Economics & Finance
Source(s) of Funding:Seed Funding Programme for Basic Research
Start Date:06/2009
Completion Date:12/2011


Project Title:Incomplete Information Diffusion, Durables Consumption, and Inertial behavior
Investigator(s):Luo Y
Department:Sch of Economics & Finance
Source(s) of Funding:General Research Fund (GRF)
Start Date:09/2009
Completion Date:03/2012


Project Title:Model Misspecification, Consumption Volatility, and the Current Account in Small Open Economies
Investigator(s):Luo Y
Department:Sch of Economics & Finance
Source(s) of Funding:General Research Fund (GRF)
Start Date:07/2010


Project Title:2011 Society for Economic Dynamics Annual Meeting Robust Control, Informational Frictions, and International Consumption Correlations
Investigator(s):Luo Y
Department:Sch of Economics & Finance
Source(s) of Funding:URC/CRCG - Conference Support for Teaching Staff
Start Date:07/2011
Completion Date:07/2011


Project Title:Risk-sensitive Control and Filtering, Production Fluctuations, and Inventory Behavior
Investigator(s):Luo Y
Department:Sch of Economics & Finance
Source(s) of Funding:General Research Fund (GRF)
Start Date:10/2011




Researcher : Luo Y

Project Title:2011 Financial Management Association Annual Meeting Ex-day returns for stock distributions: An anchoring explanation
Investigator(s):Luo Y
Department:Sch of Economics & Finance
Source(s) of Funding:URC/CRCG - Conference Support for Teaching Staff
Start Date:10/2011
Completion Date:10/2011


List of Research Outputs

Chang E.C., Luo Y. and Ren J.J., Cross-Listing and Pricing Efficiency: The Informational and Anchoring Role Played by the Reference Price, 24th Australasian Finance & Banking Conference, Sydney, Australia, December 2011.
Chang E.C. and Luo Y., Do Mutual Funds Gamble? Evidence from the Skewness Adjusting Behavior of Fund Managers, 24th Australasian Finance & Banking Conference, Sydney, Australia, December 2011.
Chang E.C. and Luo Y., Do Mutual Funds Gamble? Evidence from the Skewness-Adjusting Behavior of Fund Managers, 47th Annual Western Finance Association Conference, Las Vegas, USA, June 2012.
Chang E.C., Luo Y. and Ren J.J., Ex-day Returns For Stock Distributions: An Anchoring Explanation , 2011 Annual Meeting of the Financial Management Association International (FMA), Denver, USA, October 2011.


Researcher : Meng R

Project Title:What do managers do when immune from hostile takeover threats?
Investigator(s):Meng R
Department:Sch of Economics & Finance
Source(s) of Funding:Seed Funding Programme for Basic Research
Start Date:03/2010


Project Title:Building Empires or Enjoying a Quiet Life? Corporate Governance and Managerial Preferences: A Revisit
Investigator(s):Meng R
Department:Sch of Economics & Finance
Source(s) of Funding:Incentive Award for RGC GRF Fundable But Not Funded Projects
Start Date:07/2011




Researcher : Park WY

Project Title:The term structure of government bond yields and the macroeconomic implications
Investigator(s):Park WY
Department:Sch of Economics & Finance
Source(s) of Funding:Seed Funding Programme for Basic Research
Start Date:03/2012


Project Title:2012 Annual Meeting of the Society for Economic Dynamics Policy Regimes, Policy Shifts, and U.S. Business Cycles
Investigator(s):Park WY
Department:Sch of Economics & Finance
Source(s) of Funding:URC/CRCG - Conference Support for Teaching Staff
Start Date:06/2012
Completion Date:06/2012


List of Research Outputs

Bhattarai S., Lee J.W. and Park W.Y., Inflation Dynamics: The Role of Public Debt and Policy Regimes, The 15th Korea Economic Association International Conference. 2012.
Bhattarai S., Lee J.W. and Park W.Y., Monetary-Fiscal Policy Interactions and Indeterminacy in Postwar US Data, American Economic Review: Papers & Proceedings. 2012, 102: 173-78.
Bhattarai S., Lee J.W. and Park W.Y., Policy Regimes, Policy Shifts, and U.S. Business Cycles, 2012 Annual Meeting of the Society for Economic Dynamics. 2012.
Bhattarai S., Lee J.W. and Park W.Y., Policy Regimes, Policy Shifts, and U.S. Business Cycles, 2012 North American Summer Meeting of the Econometric Society. 2012.


Researcher : Qiu LD

Project Title:An Empirical Analysis of Antidumping Filings and Decisions
Investigator(s):Qiu LD
Department:Sch of Economics & Finance
Source(s) of Funding:General Research Fund (GRF)
Start Date:10/2008
Completion Date:09/2011


Project Title:Midwest International Economics Meeting 2009 Globalization, acquisition and endogenous firm structure
Investigator(s):Qiu LD
Department:Sch of Economics & Finance
Source(s) of Funding:URC/CRCG - Conference Support for Teaching Staff
Start Date:05/2009


Project Title:A Complete Comparison between Acquirers and Targets of Mergers and Acquisitions
Investigator(s):Qiu LD
Department:Sch of Economics & Finance
Source(s) of Funding:Seed Funding Programme for Basic Research
Start Date:04/2011


Project Title:Asia-Pacific Trade Seminars 2011 (APTS 2011) Cross country externalities of trade and FDI liberalization
Investigator(s):Qiu LD
Department:Sch of Economics & Finance
Source(s) of Funding:URC/CRCG - Conference Support for Teaching Staff
Start Date:06/2011
Completion Date:07/2011


Project Title:Endogenous Free Trade Agreements: Theory and Empirics
Investigator(s):Qiu LD
Department:Sch of Economics & Finance
Source(s) of Funding:Incentive Award for RGC GRF Fundable But Not Funded Projects
Start Date:07/2011


Project Title:Canadian Economic Association 2012 Annual Conference Foreign acquisitions, ownership changes, and exports.
Investigator(s):Qiu LD
Department:Sch of Economics & Finance
Source(s) of Funding:URC/CRCG - Conference Support for Teaching Staff
Start Date:06/2012
Completion Date:06/2012


List of Research Outputs

Liu Q.I.N.G. and Qiu L.D., Cross-border externalities of trade and FDI liberalization, Asia-Pacific Trade Seminars Annual Meeting 2011 (University of Hawaii). 2011.
Qiu L.D. and Wang S., BOT contracts: Incentives and efficiency, Journal of Development Economics. 2011, 94: 127-138.
Qiu L.D., Editorial advisory board, Frontiers of Economics in China. 2011.
Qiu L.D., Editorial board, International Economics. 2011.
Qiu L.D., FDI policy, greenfield investment, and cross-border mergers, Review of International Economics. 2011, 19(5): 836-851.
Qiu L.D., Foreign acquisitions, ownership changes, and exports, The 6th Empirical Investigation in Trade and Investment Conference . 2012.
Qiu L.D., Free trade agreements: A literature survey, Economic Research Journal. 经济研究, 2011, 147-157.
Qiu L.D. and Bao X., Is China’s antidumping more retaliatory than that of the US?, Review of International Economics. 2011, 19(2): 374-389.
Qiu L.D., editorial board member, Journal of Korean Economy. 2011.


Researcher : Shan C

List of Research Outputs

Shan C., Dybvig P.H.I.L. and Tang Y., Does Informal Finance Help Formal Finance? Evidence from Third Party Loan Guaranty from China, The Chinese Finance Association (TCFA) Award for the Best Paper on Chinese Financial Markets. 2011.
Tang Y. and Shan C., Does Informal Finance Help Formal Finance? Evidence from Third-Party Loan Guarantees, Summer Institute in Finance. 2011.


Researcher : Shea KL

Project Title:Should tax be damaged dependent in correcting externalities
Investigator(s):Shea KL
Department:Sch of Economics & Finance
Source(s) of Funding:Other Funding Scheme
Start Date:09/2002


Project Title:Ad Valorem tariff versus specifid tariff
Investigator(s):Shea KL
Department:Sch of Economics & Finance
Source(s) of Funding:Other Funding Scheme
Start Date:09/2002




Researcher : Song FM

Project Title:Corporate Governance and Market Valuation in China and Hong Kong
Investigator(s):Song FM, Zhang JJ
Department:Sch of Economics & Finance
Source(s) of Funding:The University of Hong Kong Foundation Seed Grant
Start Date:07/2003


Project Title:Microstructure of Hong Kong stock exchanges: order aggressiveness, volume, and liquidity
Investigator(s):Song FM, Chung RCK
Department:Sch of Economics & Finance
Source(s) of Funding:Small Project Funding
Start Date:11/2004


Project Title:2012 Financial Management Association European Conference Paper title/Financial Innovations: Bright and Dark Sides
Investigator(s):Song FM
Department:Sch of Economics & Finance
Source(s) of Funding:URC/CRCG - Conference Support for Teaching Staff
Start Date:06/2012


List of Research Outputs

Biddle G.C., Ma L. and Song F.M., Accounting Conservatism and Bankruptcy Rick, Plenary at: Accounting and Finance Research Forum. Perth, 2012.
Biddle G.C., Ma L. and Song F.M., The Risk Management Role of Accounting Conservatism for Operating Cash Flows, Plenary at: Accounting and Finance Research Forum. Perth, 2012.
Biddle G.C., Ma L. and Song F.M., The Risk Management Role of Accounting Conservatism for Operating Cash Flows, Presented at: American Accounting Association Annual Meetings. Denver, 2011.


Researcher : Suen WC

Project Title:Strategic Deliberation and Super-majority Rules
Investigator(s):Suen WC
Department:Sch of Economics & Finance
Source(s) of Funding:General Research Fund (GRF)
Start Date:01/2012


List of Research Outputs

Damiano E., Li H. and Suen W.C., Optimal deadline for agreements, Theoretical Economics. 2012, 7: 357-393.


Researcher : Tang Y

Project Title:Understanding the 2007/2008 Credit Crisis: Collateralized Debt Obligations (CDO) Credit Ratings
Investigator(s):Tang Y
Department:Sch of Economics & Finance
Source(s) of Funding:General Research Fund (GRF)
Start Date:09/2009
Completion Date:08/2011


Project Title:Why did Hong Kong investors buy minibonds?
Investigator(s):Tang Y
Department:Sch of Economics & Finance
Source(s) of Funding:Seed Funding Programme for Basic Research
Start Date:05/2010


Project Title:Collateral Asset Portfolio Management of CDOs
Investigator(s):Tang Y
Department:Sch of Economics & Finance
Source(s) of Funding:General Research Fund (GRF)
Start Date:07/2010


Project Title:Does CDS trading affect option pricing?
Investigator(s):Tang Y
Department:Sch of Economics & Finance
Source(s) of Funding:Seed Funding Programme for Basic Research
Start Date:06/2011


Project Title:The 12th Asian Academic Accounting Association annual meeting Financial Reporting Quality and Credit Default Swaps: Evidence from SOX 404 Internal Control Disclosures
Investigator(s):Tang Y
Department:Sch of Economics & Finance
Source(s) of Funding:URC/CRCG - Conference Support for Teaching Staff
Start Date:10/2011
Completion Date:10/2011


List of Research Outputs

Chang E.C., Tang Y. and Zhang M., Household Investments in Structured Financial Products, Asian Finance Association. 2011.
Shan C., Dybvig P.H.I.L. and Tang Y., Does Informal Finance Help Formal Finance? Evidence from Third Party Loan Guaranty from China, The Chinese Finance Association (TCFA) Award for the Best Paper on Chinese Financial Markets. 2011.
Tang Y. and Griffin J., Did Subjectivity Play a Role in CDO Credit Ratings?, Journal of Finance. 2012, 67: 1293-1328.
Tang Y. and Shan C., Does Informal Finance Help Formal Finance? Evidence from Third-Party Loan Guarantees, Summer Institute in Finance. 2011.
Tang Y., Potential Losses from Incorporating Return Predictability into Portfolio Allocation, Australian Journal of Management. 2012, forthcoming.
Tang Y. and Yan H., Price Impact of CDS Trading, Asian Finance Association. 2011.
Tang Y. and Yan H., Price Impact of CDS Trading, China International Conference in Finance. 2011.
Tian F., Tang Y. and Yan H., Financial Reporting Quality and CDS Spreads: Evidence from SOX 404 Internal Control Disclosures, the American Accounting Association annual conference 2011.


Researcher : Tse CY

Project Title:Search and Matching in a Spatial Economy  Middlemen, Agglomeration Economies, and the Growth of Cities as Commercial Centers in Economic Development
Investigator(s):Tse CY
Department:Sch of Economics & Finance
Source(s) of Funding:General Research Fund (GRF)
Start Date:10/2009
Completion Date:04/2012


Project Title:Society for Economic Dynamics Annual Meeting 2012 Flippers in housing market search
Investigator(s):Tse CY
Department:Sch of Economics & Finance
Source(s) of Funding:URC/CRCG - Conference Support for Teaching Staff
Start Date:06/2012


List of Research Outputs

Tse C.Y., Journal of Economics. Wien, Austria, Springer Wien New York, 2012, 84.


Researcher : Vere JP

Project Title:Research Output Prize
Investigator(s):Vere JP
Department:Sch of Economics & Finance
Source(s) of Funding:Research Output Prize (in Faculty)
Start Date:10/2008


List of Research Outputs

Vere J.P., Associate Editor, In: M. G. Plummer, Journal of Asian Economics. Elsevier, 2012.
Vere J.P., Editorial Board, In: M. Dutta, Journal of Asian Economics. 2011.
Vere J.P., Social Security and Elderly Labor Supply: Evidence from the Health and Retirement Survey, Labour Economics. 2011, 18(5): 676-686.


Researcher : Wong KP

List of Research Outputs

Liu Q. and Wong K.P., Intellectual Capital and Financing Decisions: Evidence from the U.S. Patent Data, Management Science. 2011, 57: 1861-1878.
Wong K.P., Optimal Two-Part Pricing under Cost Uncertainty, Managerial and Decision Economics. John Wiley & Sons, Ltd., 2012, 33: 39-46.
Wong K.P., Production and Futures Hedging with State-Dependent Background Risk, International Review of Economics and Finance. Elsevier, 2012, 24: 177-184.
Wong K.P., Regret Theory and the Banking Firm: The Optimal Bank Interest Margin, Economic Modelling. Elsevier, 2011, 28: 2483-2487.
Wong K.P., Taxes, Leverage, and Stimuli of Investment under Uncertainty, 16th Annual International Conference on Real Options. 2012.


Researcher : Xu C

Project Title:Financial regulation, corporate governance, and the government
Investigator(s):Xu C
Department:Sch of Economics & Finance
Source(s) of Funding:Seed Funding Programme for Basic Research
Start Date:05/2009
Completion Date:11/2011


Project Title:Chinese Local Governments, Industrial Clusters, and Regional Disparities
Investigator(s):Xu C
Department:Sch of Economics & Finance
Source(s) of Funding:General Research Fund (GRF)
Start Date:12/2011


List of Research Outputs

Guo D., Jiang K. and Xu C., Institution and Managerial Task Allocation: Evidence from Chinese Entrepreneurs, University of Hong Kong, 2012.
Guo D., Jiang K. and Xu C., Institution and Managerial Task Allocation: Evidence from Chinese Entrepreneurs, "The Market For Ideas, Human Capital, And Economic Development" Conference Honoring Nobel Laureate Ronald Coase. University of Buffalo, 2012.
Guo D., Jiang K., Kim B.Y. and Xu C., Political Economy of Private Firms in China, University of Hong Kong, 2012.
Guo D., Jiang K., Kim B.Y. and Xu C., The Political Economy of Private Firms in China, From Economic Development to Human Flourishing: The Case of China . 2011.
Xu C., Invited speech, 体制造成的资源配置扭曲和结构性问题, Caixin Summit. 财新峰会, Beijing, 2011.
Xu C., GRF grant, Project Number, 756711, Project Title: Chinese Local Governments, Industrial Clusters, and Regional Disparities,Total Award HK$924,805 , 2011.
Xu C., How is China Governed, Sydney China Business Forum. Sydney, Australia, 2011.
Xu C., 主旨演讲, “歐債危機的教训,”, ING Economic Forum. 大師經濟論壇, 台北, 2012.
Xu C., Institutional Foundations of China's Structural Problems, International Economic Association World Congress. Beijing, 2011.
Xu C., Institutional Foundations of China's Structural Problems, Third Annual International Conference on the Chinese Economy. Hong Kong, Hong Kong Institute for Monetary Research (HKIMR), 2012.
Xu C., Invited speech, “How is China Governed,” , Sydney China Business Forum. Sydney, Australia, 2011.
Xu C., Invited speech, “Institution and Managerial Task Allocation: Evidence from Chinese Entrepreneurs,” "The Market For Ideas, Human Capital, And Economic Development” , Conference Honoring Nobel Laureate Ronald Coase. University of Buffalo, 2012.
Xu C., Invited speech, “Institutional Foundations of China’s Structural Problems,” , International Economic Association World Congress. Beijing, 2011.
Xu C., Invited speech, “Reform Experimentation in China: Privatization and Price Liberalization,”, Korean Development Institute. Seoul, 2011.
Xu C., Invited speech, “The Chinese Political Economy: Policies and Sustainability,” , Institute of Foreign Affairs and National Security. Seoul, 2011.
Xu C., Keynote speech, “Institutional Foundations of China’s Structural Problems” , Third Annual International Conference on the Chinese Economy. Hong Kong, Hong Kong Institute for Monetary Research (HKIMR), 2012.
Xu C., Public lecture, Nanfang Media Group, Guangzhou, 2011.
Xu C., Public lecture, Shanghai Development Research Foundation, Shanghai, 2011.
Xu C., Reform Experimentation in China: Privatization and Price Liberalization, Korean Development Institute. Seoul, 2011.
Xu C., The Chinese Political Economy: Policies and Sustainability, Institute of Foreign Affairs and National Security. Seoul, 2011.
Xu C., The Fundamental Institutions of China's Reforms and Development, The Journal of Economic Literature. 2011, 49 No. 4: 1076-1151.
Xu C., 从体制认识中国经济的结构性问题, 比较. 2011, 2011 Vol. 5.
Xu C., 科举制与基督教会对制度演变的影响:宪政与宗教文化制度(比较制度分析), 比较. 2012, 2012 Vol. 5.
Xu C., 體制造成的資源配置扭曲和結構性問題, 2011年財新峰會, 2011.
Xu C., 中國經濟結構問題的制度基礎, 2012 中金投資論壇 (三亞), 2012.
Xu C., 文化和制度:简评格雷夫和塔贝里尼的《制度和文化分化:中欧的比较》, 比较, 2011, 2011 Vol. 4.
Xu C., 改革分权式威权制:与财新特约记者吴素萍的对话, 新世纪, 2012, 2012 Vol. 20.
Xu C., 歐債危機的教訓, 大師經濟論壇, 台北, ING Economic Forum, 2012.
Xu C., 地方竞争的困境, 中国改革, 2011, 2011 Vol. 9.
Xu C., 特邀演讲,“中国经济结构问题的制度基础”, 2012中金投资论坛(三亚), 2012.


Researcher : Xu J

Project Title:Evolution of Market Confidence and the Joint Dynamics of Volatility and Volume
Investigator(s):Xu J
Department:Sch of Economics & Finance
Source(s) of Funding:Small Project Funding
Start Date:11/2005




Researcher : Xu Z

Project Title:Capacity Choice to Generate Public Signal (tentative)
Investigator(s):Xu Z
Department:Sch of Economics & Finance
Source(s) of Funding:Seed Funding Programme for Basic Research
Start Date:10/2009


Project Title:Commission Sharing among Agents
Investigator(s):Xu Z
Department:Sch of Economics & Finance
Source(s) of Funding:General Research Fund (GRF)
Start Date:08/2010
Completion Date:08/2011


Project Title:Defense Attorneys Fee Structure: A Signaling Explanation'
Investigator(s):Xu Z
Department:Sch of Economics & Finance
Source(s) of Funding:General Research Fund (GRF)
Start Date:07/2011


List of Research Outputs

Xu Z., Optimal Best-Price Policy, In: B. Caillaud, N. Gandal, J.S. Hastings, International Journal of Industrial Organization. Elsevier, 2011, 29: 628-643.
Xu Z. and Bernhardt D., Trial Incentive in Sequential Litigation, American Law and Economics Association Conference 2012.


Researcher : Yuen CW

Project Title:2001 Annual Meeting of the Society for Economic Dynamics Yet Another Long-Run Neutarlity Result: Absence of Tax-Induced Growth Effects under Implicit Intergenerational Contracts
Investigator(s):Yuen CW
Department:Sch of Economics & Finance
Source(s) of Funding:URC/CRCG - Conference Support for Teaching Staff
Start Date:06/2001


Project Title:2002 Annual Meeting of the American Economic Association (AEA) Economic Growth and Economic Equality: Some Evidence and a Suggested Interpretation
Investigator(s):Yuen CW
Department:Sch of Economics & Finance
Source(s) of Funding:URC/CRCG - Conference Support for Teaching Staff
Start Date:01/2002


Project Title:Monetary Policy under Rational Inattention
Investigator(s):Yuen CW
Department:Sch of Economics & Finance
Source(s) of Funding:Seed Funding Programme for Basic Research
Start Date:03/2006


Project Title:Western Economic Association International (WEAI) 83nd Annual Conference When Farmers Met Shepherds: A Plausible Solution to the Needham Puzzle
Investigator(s):Yuen CW
Department:Sch of Economics & Finance
Source(s) of Funding:URC/CRCG - Conference Support for Teaching Staff
Start Date:06/2008




Researcher : Zhang J

Project Title:The Chinese Warrant Market
Investigator(s):Zhang J
Department:Sch of Economics & Finance
Source(s) of Funding:General Research Fund (GRF)
Start Date:12/2009


Project Title:The Mechanism of Callable Bull/Bear Contract
Investigator(s):Zhang J
Department:Sch of Economics & Finance
Source(s) of Funding:Small Project Funding
Start Date:02/2011


Project Title:An Equilibrium Model of Variance Risk Premium
Investigator(s):Zhang J
Department:Sch of Economics & Finance
Source(s) of Funding:Incentive Award for RGC GRF Fundable But Not Funded Projects
Start Date:07/2011


List of Research Outputs

Chang E.C., Zhang J. and Zhao H., Expected Stock Return and Conditional Skewness, 2011 China International Conference in Finance (CICF 2011), July 4-7, 2011, Wuhan, China. 2011.
Chang E.C., Zhang J. and Zhao H., Expected Stock Return and Conditional Skewness, Asian Finance Association (AsianFA) 2011 International Conference, July 10-13, 2011, Macao, China. 2011.
Chang E.C., Zhang J. and Zhao H., Expected Stock Returns and the Conditional Skewness, 2011 China International Conference in Finance, Wuhan, China, July 2011.
Chang E.C., Shi L. and Zhang J., Is Warrant Really a Derivative? Evidence from the Chinese Warrant Market, HKU-HKUST-Stanford Conference in Quantitative Finance, December 9-10, 2011, HKU and HKUST, Hong Kong. 2011.
Cheng J., Ibraimi M., Leippold M. and Zhang J., A Remark on Lin and Chang's Paper `Consistent modeling of S&P 500 and VIX derivatives', Journal of Economic Dynamics and Control. 2012, 36(5), 708-715.
Huang Y. and Zhang J., The Relation among SPX Options, Variance Futures and VIX Futures, 2011 Financial Management Association (FMA) Annual Meeting, October 19-22, 2011, Denver, Colorado, USA. 2011.
Huang Y. and Zhang J., The Relation among SPX Options, Variance Futures and VIX Futures, the 8th Asia-Pacific Association of Derivatives (APAD) Conference on August 25-26, 2011, Busan, Korea. 2011.
Liu X. and Zhang J., The Mechanism of Callable Bull/Bear Contracts, Asian Finance Association (AsianFA) 2011 International Conference, July 10-13, 2011, Macao, China. 2011.
Luo X., Han H. and Zhang J., The Term Structure of Chinese Treasury Yields: Dynamic Models and Their Forecasting Ability, 2011 Financial Management Association (FMA) Annual Meeting, October 19-22, 2011, Denver, Colorado, USA. 2011.
Luo X. and Zhang J., The Term Structure of VIX, 22nd Asia-Pacific Futures Research Symposium, April 26-27, 2012, Shanghai, China. 2012.
Luo X. and Zhang J., The Term Structure of VIX, Asian Finance Association (AsianFA) 2011 International Conference, July 10-13, 2011, Macao, China. 2011.
Shu J.H. and Zhang J., Causality in the VIX Futures Market, Journal of Futures Markets. 2012, 32(1), 24-46.
Zhang J., Faculty Outstanding Teacher Award (Undergraduate Teaching) 2010-11, 2011.


Researcher : Zhang JJ

Project Title:Western Economic Association International (WEAI) 83rd Annual Conference Measuring the Long- and Short-Run Effects of Monetary Policy on Real Economic Activity in China
Investigator(s):Zhang JJ
Department:Sch of Economics & Finance
Source(s) of Funding:URC/CRCG - Conference Support for Teaching Staff
Start Date:06/2008


Project Title:8th Biennial Pacific Rim Conference of Western Economic Association International Different Currency Invoices and Exchange Rate Pass-through
Investigator(s):Zhang JJ
Department:Sch of Economics & Finance
Source(s) of Funding:URC/CRCG - Conference Support for Teaching Staff
Start Date:03/2009




Researcher : Zhou X

Project Title:Compensation Structure and Managerial Incentives of Japanese Corporate Executives
Investigator(s):Zhou X
Department:Sch of Economics & Finance
Source(s) of Funding:Seed Funding Programme for Basic Research
Start Date:06/2011


Project Title:6th Annual London Business Research Conference The Effect of Top Management on the Pricing of New Issues
Investigator(s):Zhou X
Department:Sch of Economics & Finance
Source(s) of Funding:URC/CRCG - Conference Support for Teaching Staff
Start Date:07/2011
Completion Date:07/2011


Project Title:The Efficiency of Internal Capital Markets around Financial Crises
Investigator(s):Zhou X
Department:Sch of Economics & Finance
Source(s) of Funding:General Research Fund (GRF)
Start Date:09/2011


List of Research Outputs

Yu L. and Zhou X., The Effect of Top Management on the Pricing of New Issues, 6th Annual London Business Research Conference. 2011.


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