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 Fund for Basic Research
Start Date:01/2003




Researcher : Carverhill AP

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

Chan A.W.H. and Cheung H., Extraversion, Individualism and M&A Activities, International Business Review. Elsevier B.V., 2016, 25 no.1 Part b: 356-369.
Chan A.W.H., Journal editor, Education Research International. Hindawi Publishing Corporation, 2016.


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 Impact of Housing Status on Labor Market Outcomes
Investigator(s):Chan W, Wong RYC
Department:Sch of Economics & Finance
Source(s) of Funding:General Research Fund (GRF)
Start Date:09/2013
Completion Date:09/2015


Project Title:The 4th International Conference on Business and Social Sciences; Do Public Housing Tenants Fare Worse in the Labor Market?
Investigator(s):Chan W
Department:Sch of Economics & Finance
Source(s) of Funding:URC/CRCG - Conference Support for Teaching Staff
Start Date:03/2016
Completion Date:03/2016


List of Research Outputs

Chan W. and Wong R.Y.C., Do Public Housing Tenants Do Worse in the Labor Market?, The 4th International Conference on Business and Social Sciences. 2016.


Researcher : Chen C

Project Title:Management Technology, Resource Allocation, and Welfare Gains from Trade
Investigator(s):Chen C
Department:Sch of Economics & Finance
Source(s) of Funding:Seed Fund for Basic Research
Start Date:01/2015


Project Title:The 11th World Congress of the Econometric Society; The Agency Problem, Trade Liberalization and Within-Firm Productivity Gains: Theory and Evidence
Investigator(s):Chen C
Department:Sch of Economics & Finance
Source(s) of Funding:URC/CRCG - Conference Support for Teaching Staff
Start Date:08/2015
Completion Date:08/2015


List of Research Outputs

Chen C., Agency Problems, Trade Liberalization, and Within-Firm Productivity Gains: Theory and Evidence, Econometric Society World Congress 2015.
Chen C., Agency Problems, Trade Liberalization, and Within-Firm Productivity Gains: Theory and Evidence, Midwest International Economics Meeting. 2015.
Chen C., Luo Y. and Pei G., Attention Misallocation, Social Welfare and Policy Implications, Journal of Economic Dynamics and Control . 2015, 37-57.
Chen C., Outward FDI and Domestic Input Distortions: Evidence from Chinese Firms , Midwest International Economics Group Meeting. 2015.
Chen C., Outward FDI and Domestic Input Distortions: Evidence from Chinese Firms, 2016 Asian Development Bank Conference on Economic Development. 2016.
Chen C., Outward FDI and Domestic Input Distortions: Evidence from Chinese Firms, In: Hanming Fang and Shang-Jin Wei, NBER Chinese Economy Working Group Meeting. 2016.


Researcher : Chen H

Project Title:A transitional dynamics analysis of the household saving rate in the U.S.
Investigator(s):Chen H
Department:Sch of Economics & Finance
Source(s) of Funding:Seed Fund for Basic Research
Start Date:01/2011


Project Title:Political Economy of Middle Class Activism
Investigator(s):Chen H, Suen WC
Department:Sch of Economics & Finance
Source(s) of Funding:General Research Fund (GRF)
Start Date:01/2015


Project Title:The 74th annual MPSA Conference (Midwest Political Science Association); Aspiring for Change: A Theory of Middle Class Activism
Investigator(s):Chen H
Department:Sch of Economics & Finance
Source(s) of Funding:URC/CRCG - Conference Support for Teaching Staff
Start Date:04/2016
Completion Date:04/2016


List of Research Outputs

Chen H. and Suen W.C., Falling Dominoes: A Theory of Rare Events and Crisis Contagion, American Economic Journal: Microeconomics. 2016, 8(1): 228-55.
Chen H., Suen W.C. and Yang L., The Power of Whispers: A Theory of Rumor, Communication and Revolution, International Economic Review. 2016, No.1: 89-116.


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 Fund 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




Researcher : GE L

List of Research Outputs

Chan K., GE L. and Lin T.C., Informational Content of Option Trading on Acquirer Announcement Return, In: Jarrad Harford, Journal of Financial and Quantitative Analysis. 2015, 50: 1057-1082.


Researcher : Gao X

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


Project Title:Risk and Corporate Activities
Investigator(s):Gao X
Department:Sch of Economics & Finance
Source(s) of Funding:General Research Fund (GRF)
Start Date:01/2013




Researcher : Gu L

Project Title:Corporate governance, product market competition and firm performance: evidence from natural experiments
Investigator(s):Gu L
Department:Sch of Economics & Finance
Source(s) of Funding:Seed Fund for Basic Research
Start Date:01/2014
Completion Date:06/2016


Project Title:Asian Finance Association (AsianFA) 2014 Conference; Product Market Competiton, R&D investment, and Stock Returns
Investigator(s):Gu L
Department:Sch of Economics & Finance
Source(s) of Funding:URC/CRCG - Conference Support for Teaching Staff
Start Date:06/2014




Researcher : Hau TD

List of Research Outputs

Hau T.D., Editorial Board Member, Research in Transportation Economics. Elsevier, 2016.


Researcher : Hsu P

Project Title:Technical Predictability in the Foreign Exchange Rates and Volatility
Investigator(s):Hsu P
Department:Sch of Economics & Finance
Source(s) of Funding:Seed Fund for Basic Research
Start Date:06/2013


Project Title:The Determinants of Innovation Efficiency and Influence
Investigator(s):Hsu P
Department:Sch of Economics & Finance
Source(s) of Funding:General Research Fund (GRF)
Start Date:09/2013


Project Title:Innovation policies, patents, and stock returns: international evidence
Investigator(s):Hsu P
Department:Sch of Economics & Finance
Source(s) of Funding:Seed Fund for Basic Research
Start Date:05/2014


Project Title:Accounting standards and innovation activities: International evidence
Investigator(s):Hsu P
Department:Sch of Economics & Finance
Source(s) of Funding:Seed Fund for Basic Research
Start Date:05/2015


Project Title:Technology replacement and stock returns
Investigator(s):Hsu P
Department:Sch of Economics & Finance
Source(s) of Funding:General Research Fund (GRF)
Start Date:08/2015


Project Title:Annual Conference on Financial Economics and Accounting; Falling into Traps? Patent Thickets and Stock Returns
Investigator(s):Hsu P
Department:Sch of Economics & Finance
Source(s) of Funding:URC/CRCG - Conference Support for Teaching Staff
Start Date:11/2015
Completion Date:11/2015


Project Title:Knowledge transfers through innovation alliances
Investigator(s):Hsu P
Department:Sch of Economics & Finance
Source(s) of Funding:Seed Fund for Basic Research
Start Date:06/2016


List of Research Outputs

Hsu P., Lee H., Liu Z. and Zhang Z., Corporate Innovation, Default Risk, and Bond Pricing, In: J.M. Netter, Journal of Corporate Finance. ScienceDirect, 2015, 35: 329-344.
Lee H., Zhou J. and Hsu P., The Role of Innovation Efficiency in Inventory Turnover Performance, In: James R. Marsden, Decision Support System. 2015, 76: 35–44.


Researcher : Hu X

Project Title:The CDS-Bond Basis and Liquidity Risk
Investigator(s):Hu X
Department:Sch of Economics & Finance
Source(s) of Funding:Seed Fund for Basic Research
Start Date:02/2012


Project Title:Arbritage Spreads and Aggregate Liquidity
Investigator(s):Hu X
Department:Sch of Economics & Finance
Source(s) of Funding:Early Career Scheme (ECS)
Start Date:08/2012
Completion Date:07/2015


Project Title:Tri-party Repo Pricing
Investigator(s):Hu X
Department:Sch of Economics & Finance
Source(s) of Funding:General Research Fund (GRF)
Start Date:09/2014




Researcher : Huang S

Project Title:Information Sales and Insider Trading with Diversified Information
Investigator(s):Huang S
Department:Sch of Economics & Finance
Source(s) of Funding:Seed Fund for Basic Research
Start Date:01/2016


List of Research Outputs

Huang S., Best Conference Paper at Paris December Finance Meeting 2014, Paris December Finance Meeting 2014. 2015.
Huang S., Delegated Information Acquisition and Asset Pricing, Wharton Conference on Liquidity and Financial Crisis 2015.
Huang S., Lou D.O.N.G. and Polk C.H.R.I.S.T.O.P.H.E., The Booms and Busts of Beta Arbitrage, Finance Down Under 2016.
Huang S., Lou D.O.N.G. and Polk C.H.R.I.S.T.O.P.H.E., The Booms and Busts of Beta Arbitrage, Northern Finance Annual Conference (NFA). 2015.
Huang S., The Effect of Options on Information Acquisition and Asset Pricing, Central Bank Annual Conference on Market Microstructure . 2015.
Huang S., The Effect of Options on Information Acquisition and Asset Pricing, European Finance Annual Conference (EFA). 2015.
Huang S., The Effect of Options on Information Acquisition and Asset Pricing, Finance Down Under. 2016.
Huang S., Lou D.O.N.G. and Byoung-Hyoun H.W.A.N.G., The Speed of Communication, London Empirical Asset Pricing Meeting 2015.
Huang S., Yihong Xia Best Paper Award at CICF, 2015 China International Conference in Finance. 2015.


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 Fund for Basic Research
Start Date:06/2012




Researcher : Kwok HH

Project Title:Identification Problems in Linear Social Interaction Models
Investigator(s):Kwok HH
Department:Sch of Economics & Finance
Source(s) of Funding:Early Career Scheme (ECS)
Start Date:01/2014


Project Title:34th Australasian Economic Theory Workshop; Identification Methods for Social Interaction Models with Unknown Networks
Investigator(s):Kwok HH
Department:Sch of Economics & Finance
Source(s) of Funding:URC/CRCG - Conference Support for Teaching Staff
Start Date:02/2016
Completion Date:02/2016




Researcher : Lai SCS

Project Title:European Economic Association Annual Meeting; ASSET ALLOCATION AND MONETARY POLICY: EVIDENCE FROM THE EUROZONE
Investigator(s):Lai SCS
Department:Sch of Economics & Finance
Source(s) of Funding:URC/CRCG - Conference Support for Teaching Staff
Start Date:08/2013


Project Title:Do Innovation-Focused Shareholders Spur Corporate Innovation?
Investigator(s):Lai SCS
Department:Sch of Economics & Finance
Source(s) of Funding:Seed Fund for Basic Research
Start Date:06/2014


Project Title:Do Innovation-Focused Shareholders Spur Corporate Innovation?
Investigator(s):Lai SCS
Department:Sch of Economics & Finance
Source(s) of Funding:General Research Fund (GRF)
Start Date:08/2015




Researcher : Lau SH

Project Title:Differential Incentives, Group Size, and Cooperation in the Intergroup Prisoners Dilemma: An Experimental Investigation
Investigator(s):Lau SH
Department:Sch of Economics & Finance
Source(s) of Funding:General Research Fund (GRF)
Start Date:01/2013


Project Title:Rapid population aging and an alternative measure of economic dependency
Investigator(s):Lau SH
Department:Sch of Economics & Finance
Source(s) of Funding:Seed Fund for Basic Research
Start Date:03/2016


Project Title:2016 China Meeting of Econometric Society; Prior Interaction, Identity, and Cooperation in the Inter-Group Prisoner’s Dilemma
Investigator(s):Lau SH
Department:Sch of Economics & Finance
Source(s) of Funding:URC/CRCG - Conference Support for Teaching Staff
Start Date:06/2016
Completion Date:06/2016


List of Research Outputs

Lau S.H. and Chen Y., Mortality Decline, Retirement Age, And Aggregate Savings, Macroeconomic Dynamics. 2016, 20 (3): 715-736.


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 Fund for Basic Research
Start Date:10/2011


Project Title:HKU Overseas Fellowship Awards 2012-13
Investigator(s):Li D
Department:Sch of Economics & Finance
Source(s) of Funding:HKU Overseas Fellowship Awards
Start Date:06/2012


Project Title:Who causes idiosyncratic stock price volatility?
Investigator(s):Li D
Department:Sch of Economics & Finance
Source(s) of Funding:General Research Fund (GRF)
Start Date:01/2013


Project Title:Correlated High-frequency trading strategy
Investigator(s):Li D
Department:Sch of Economics & Finance
Source(s) of Funding:Seed Fund for Basic Research
Start Date:05/2014


Project Title:the 41st European Finance Association (EFA) Annual Meeting ; Stock Liquidity and Bankruptcy Risk
Investigator(s):Li D
Department:Sch of Economics & Finance
Source(s) of Funding:URC/CRCG - Conference Support for Teaching Staff
Start Date:08/2014


Project Title:The 13th Annual Conference in Financial Economics Research, IDC, ISRAEL; Correlated High-Frequency Trading
Investigator(s):Li D
Department:Sch of Economics & Finance
Source(s) of Funding:URC/CRCG - Conference Support for Teaching Staff
Start Date:05/2016


List of Research Outputs

Cole R., Cumming C. and Li D., Do Banks or VCs Spur Growth?, Journal of International Financial Markets, Institutions and Money. ScienceDirect, 2016, 41: 60–72.


Researcher : Lin C

Project Title:Product Market Competition and Corporate Voluntary Disclosure
Investigator(s):Lin C
Department:Sch of Economics & Finance
Source(s) of Funding:Seed Fund for Basic Research
Start Date:05/2014


Project Title:Does Corporate Governance Affect Debtholder Value? Evidence from Shareholder Voting
Investigator(s):Lin C
Department:Sch of Economics & Finance
Source(s) of Funding:General Research Fund (GRF)
Start Date:01/2016




Researcher : Lin T

Project Title:Limits of arbitrage and overconfidence
Investigator(s):Lin T
Department:School of Business
Source(s) of Funding:General Research Fund (GRF)
Start Date:09/2004


List of Research Outputs

Lin T. and Summers T., Gravity Payments: Minimum Wage is a Heavy Load, Asia Case Research Center. 2016.


Researcher : Lin T

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:Does Short Selling Discipline Managerial Value-Destroying Behaviors?
Investigator(s):Lin TC
Department:Sch of Economics & Finance
Source(s) of Funding:Seed Fund for Basic Research
Start Date:05/2013
Completion Date:04/2016


Project Title:Does Short Selling Discipline Managerial Value-Destroying Behaviors?
Investigator(s):Lin TC, Chang EC
Department:Sch of Economics & Finance
Source(s) of Funding:General Research Fund (GRF)
Start Date:09/2013


Project Title:How hedging and speculation demands in equity lending market are related to put option trading?
Investigator(s):Lin TC
Department:Sch of Economics & Finance
Source(s) of Funding:Seed Fund for Basic Research
Start Date:06/2014


Project Title:How hedging and speculation demands in equity lending market are related to put option trading?
Investigator(s):Lin TC
Department:Sch of Economics & Finance
Source(s) of Funding:General Research Fund (GRF)
Start Date:09/2014


Project Title:The real effect of short selling on the choice between bank debt and public debt
Investigator(s):Lin TC
Department:Sch of Economics & Finance
Source(s) of Funding:Seed Fund for Basic Research
Start Date:04/2015


Project Title:Gambling for five-star rating? A regression discontinuity approach on mutual fund risk-shifting behavior
Investigator(s):Lin TC
Department:Sch of Economics & Finance
Source(s) of Funding:Seed Fund for Basic Research
Start Date:06/2016


Project Title:2016 Western Finance Association Meetings; Contracting with Feedback
Investigator(s):Lin TC
Department:Sch of Economics & Finance
Source(s) of Funding:URC/CRCG - Conference Support for Teaching Staff
Start Date:06/2016
Completion Date:06/2016


List of Research Outputs

Lin T. and Summers T., Gravity Payments: Minimum Wage is a Heavy Load, Asia Case Research Center. 2016.


Researcher : Lin TC

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:Does Short Selling Discipline Managerial Value-Destroying Behaviors?
Investigator(s):Lin TC
Department:Sch of Economics & Finance
Source(s) of Funding:Seed Fund for Basic Research
Start Date:05/2013
Completion Date:04/2016


Project Title:Does Short Selling Discipline Managerial Value-Destroying Behaviors?
Investigator(s):Lin TC, Chang EC
Department:Sch of Economics & Finance
Source(s) of Funding:General Research Fund (GRF)
Start Date:09/2013


Project Title:How hedging and speculation demands in equity lending market are related to put option trading?
Investigator(s):Lin TC
Department:Sch of Economics & Finance
Source(s) of Funding:Seed Fund for Basic Research
Start Date:06/2014


Project Title:How hedging and speculation demands in equity lending market are related to put option trading?
Investigator(s):Lin TC
Department:Sch of Economics & Finance
Source(s) of Funding:General Research Fund (GRF)
Start Date:09/2014


Project Title:The real effect of short selling on the choice between bank debt and public debt
Investigator(s):Lin TC
Department:Sch of Economics & Finance
Source(s) of Funding:Seed Fund for Basic Research
Start Date:04/2015


Project Title:Gambling for five-star rating? A regression discontinuity approach on mutual fund risk-shifting behavior
Investigator(s):Lin TC
Department:Sch of Economics & Finance
Source(s) of Funding:Seed Fund for Basic Research
Start Date:06/2016


Project Title:2016 Western Finance Association Meetings; Contracting with Feedback
Investigator(s):Lin TC
Department:Sch of Economics & Finance
Source(s) of Funding:URC/CRCG - Conference Support for Teaching Staff
Start Date:06/2016
Completion Date:06/2016


List of Research Outputs

Chan K., GE L. and Lin T.C., Informational Content of Option Trading on Acquirer Announcement Return, In: Jarrad Harford, Journal of Financial and Quantitative Analysis. 2015, 50: 1057-1082.
Chang E.C., Lin T.C. and Ma X., Does Short Selling Discipline Overinvestment?, 2015 China International Conference In Finance, July 9-12, 2015, Shenzhen, China. 中國金融國際年會, 2015.
Chang E.C., Lin T.C. and Ma X., Stock Price Crashes and Equity Lending Market Condition: Evidence from Lending Fees and Fee Risk, The European Summer Symposia in Financial Markets (ESSFM). 2016.
Gao X. and Lin T.C., Do Individual Investors Treat Trading as a Fun and Exciting Gambling Activity? Evidence from Repeated Natural Experiments, Review of Financial Studies. 2015, 28: 2128-2166.
Lin T.C., GE L. and Pearson N., Why does the Option to Stock Volume Ratio Predict Stock Returns?, Journal of Financial Economics. 2016, 120: 601-622.


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




Researcher : Lo P

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




Researcher : Luo Y

Project Title:Model Uncertainty and Emerging Market Business Cycles
Investigator(s):Luo Y
Department:Sch of Economics & Finance
Source(s) of Funding:General Research Fund (GRF)
Start Date:11/2013


Project Title:The 11th World Congress of the Econometric Society; What We Don't Know Doesn't Hurt Us: Rational Inattention and the Permanent Income Hypothesis in General Equilibrium
Investigator(s):Luo Y
Department:Sch of Economics & Finance
Source(s) of Funding:URC/CRCG - Conference Support for Teaching Staff
Start Date:08/2015
Completion Date:08/2015


Project Title:Robustness, Intertemporal Hedging Demands, and Precautionary Savings in a Partially Observable Economy
Investigator(s):Luo Y
Department:Sch of Economics & Finance
Source(s) of Funding:General Research Fund (GRF)
Start Date:12/2015


List of Research Outputs

Chen C., Luo Y. and Pei G., Attention Misallocation, Social Welfare and Policy Implications, Journal of Economic Dynamics and Control . 2015, 37-57.
Luo Y. and Young E., Induced uncertainty, market price of risk, and the dynamics of consumption and wealth, In: Alessandro Pavan, Ricardo Lagos, Marciano Siniscalchi, Xavier Vives, Journal of Economic Theory. Elsevier, 2016, 163: 1-41.
Luo Y. and Young E., Long-Run Consumption Risk and Asset Allocation under Recursive Utility and Rational Inattention, Journal of Money, Credit and Banking. John Wiley & Sons, Inc., John Wiley & Sons, Inc., 2016, 48: 325-362.
Luo Y., Nie J. and Young E., Slow Information Diffusion And The Inertial Behavior Of Durable Consumption, In: Marios Angeletos , Journal of the European Economic Association. USA, John Wiley & Sons, Inc., 2015, 13: n/a-n/a.


Researcher : MO J

List of Research Outputs

Zhang J., Fan J. and MO J., GOVERNMENT INTERVENTION, LAND MARKET, AND URBAN DEVELOPMENT: EVIDENCE FROM CHINESE CITIES, Economic Inquiry. Western Economic Association International, 2016.


Researcher : Ma X

Project Title:Agency Problems and Governance Through Trading: The Effect of Institutional Investors' Ownership Structure
Investigator(s):Ma X, Chang EC, Lin TC
Department:Sch of Economics & Finance
Source(s) of Funding:Small Project Funding
Start Date:02/2015


List of Research Outputs

Chang E.C., Lin T.C. and Ma X., Does Short Selling Discipline Overinvestment?, 2015 China International Conference In Finance, July 9-12, 2015, Shenzhen, China. 中國金融國際年會, 2015.
Chang E.C., Lin T.C. and Ma X., Stock Price Crashes and Equity Lending Market Condition: Evidence from Lending Fees and Fee Risk, The European Summer Symposia in Financial Markets (ESSFM). 2016.


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 Fund 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


List of Research Outputs

Meng R. and Ou-Yang H., Are H-shares Undervalued? Are There Significant Investment Implications of AH Premium Index, Bloomberg Businessweek (China). 2015.
Meng R., Career Prospect of Risk Management and Corporate Finance , 2015 MFin Orientation. 2015.
Meng R., Continuing Professional Development Grant, The University of Hong Kong. 2016.
Meng R. and Ou-Yang H., Diverse Investor Base and Debt-for-Equity Swaps, Caixin. 2016.
Meng R. and Ou-Yang H., Insurance Market in Hong Kong, Caixin. 2016.
Meng R. and Ou-Yang H., Passive Investment Strategies in Hong Kong, Financial Times (Chinese). 2016.
Meng R. and Ou-Yang H., Performance Analysis of Mutual Funds in Hong Kong, Caixin. 2016.
Meng R. and Ou-Yang H., Should Chinese Consumers Add Leverage?, Caixin. 2016.
Meng R. and Kyle A., Strategic Acquisitions and Investments in a Duopoly Patent Race under Uncertainty, 20th Annual International Conference on Real Options. 2016.
Meng R. and Ou-Yang H., The Depoliticization of RMB Exchange Rate, Caixin. 2016.
Meng R. and Ou-Yang H., The Interdependence and Contribution of Hong Kong’s Capital Markets to Mainland Companies, Bloomberg Businessweek (China). 2015.
Meng R., UG Outstanding Teaching Awards nominee, The University of Hong Kong. 2015.


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 Fund for Basic Research
Start Date:03/2012


Project Title:An empirical investigation on the dynamics of credit spreads and their implications in the euro area
Investigator(s):Park WY
Department:Sch of Economics & Finance
Source(s) of Funding:General Research Fund (GRF)
Start Date:10/2013




Researcher : Qin B

Project Title:The effect of Chinese microblogs on drug quality -- the central or local governments matters ?
Investigator(s):Qin B
Department:Sch of Economics & Finance
Source(s) of Funding:Seed Fund for Basic Research
Start Date:05/2014


Project Title:How does political control of the Chinese media affect politician promotion and the fight against corruption?
Investigator(s):Qin B
Department:Sch of Economics & Finance
Source(s) of Funding:General Research Fund (GRF)
Start Date:01/2015




Researcher : Qiu H

Project Title:The Causes and Consequences of A-share listing by H-share Companies
Investigator(s):Qiu H
Department:Sch of Economics & Finance
Source(s) of Funding:Incentive Award for RGC GRF Fundable But Not Funded Projects
Start Date:07/2011




Researcher : Qiu LD

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: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:FDI spillovers through Joint Ventures: Evidence from China
Investigator(s):Qiu LD
Department:Sch of Economics & Finance
Source(s) of Funding:General Research Fund (GRF)
Start Date:11/2014


Project Title:Cross-Border Mergers and Acquisitions and the Role of Free Trade Agreements
Investigator(s):Qiu LD
Department:Sch of Economics & Finance
Source(s) of Funding:Seed Fund for Basic Research
Start Date:05/2015


List of Research Outputs

Qiu L.D., Liu Q.I.N.G. and Li Z.H.I.G.A.N.G., Foreign acquisitions in China and multinationals' global market strategy, Review of Development Economics. 2016, 20(1): 87-100.
Qiu L.D., Intermediate input imports and innovation: Evidence from Chinese firms, CCER Summer Institute of Peking University, June 15-19, 2016, Yantai, Shandong.. 2016.
Qiu L.D., Intermediate input imports and innovation: Evidence from Chinese firms, International Workshop on the Chinese Economy: Trade, Growth and Finance, May 12-13, University of Glasgow, Glasgow.. 2016.
Qiu L.D., Tariffs and free trade networks, 12th Asia-Pacific Trade Seminars, June 24-25, 2016, National Taiwan University, Taipei. 2016.
Qiu L.D., The effects of attitudes on trade and FDI, UIBE Workshop on International Trade and FDI, May 28, 2016, University of International Business and Economics, Beijing. 2016.


Researcher : Schmid T

Project Title:Production Flexibility, Cost of Borrowing, and the Structure of Debt Contracts
Investigator(s):Schmid T
Department:Sch of Economics & Finance
Source(s) of Funding:Seed Fund for Basic Research
Start Date:11/2015


List of Research Outputs

Reinartz S.J. and Schmid T., Production flexibility, product markets, and capital structure decisions, Review of Financial Studies. 2015.


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., Song F.M. and Kim J.B., Accounting Conservatism and Bankruptcy Risk, Review of Accounting Studies (Under review). USA, 2015.
Biddle G.C., Song F.M. and Ma L.Z., Presented "Accounting Conservatism and Bankruptcy Risk" , Bentley University, Boston, USA. 2016.
Biddle G.C., Ma L.Z., Kim J.B. and Song F.M., Presented "Accounting Conservatism and Bankruptcy Risk" at University of Cambridge, 2015.


Researcher : Suen WC

List of Research Outputs

Chen H. and Suen W.C., Falling Dominoes: A Theory of Rare Events and Crisis Contagion, American Economic Journal: Microeconomics. 2016, 8(1): 228-55.
Chen H., Suen W.C. and Yang L., The Power of Whispers: A Theory of Rumor, Communication and Revolution, International Economic Review. 2016, No.1: 89-116.


Researcher : Sun Y

Project Title:Mandatory Dividends and Corporate Governance
Investigator(s):Sun Y
Department:Sch of Economics & Finance
Source(s) of Funding:Seed Fund for Basic Research
Start Date:12/2014
Completion Date:06/2016


Project Title:Mandatory Dividends and Shareholder Protection
Investigator(s):Sun Y
Department:Sch of Economics & Finance
Source(s) of Funding:Early Career Scheme (ECS)
Start Date:11/2015
Completion Date:06/2016




Researcher : Tang Y

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


Project Title:Research Output Prize (Faculty of Business and Economics)
Investigator(s):Tang Y
Department:Sch of Economics & Finance
Source(s) of Funding:Research Output Prize (in Faculty)
Start Date:01/2014


List of Research Outputs

Chang E.C., Tang Y. and Zhang M., Suitability Checks and Household Investments in Structured Financial Products, Journal of Financial and Quantitative Analysis. 2015, 50: 597-622.
Tang Y., Outstanding Researcher Award, Faculty of Business and Economics, HKU. 2015.


Researcher : Tse CY

List of Research Outputs

Leung C.K.Y., Tse C.Y. and Huang D., Best paper award, Asian Real Estate Society . 2015.
Leung C.K.Y., Tse C.Y. and Huang D., What account for the difference in rent-price ratio and turnover rate? A search-and-matching approach, 2015 Global Real Estate Summit. 2015.


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




Researcher : Wang Z

Project Title:Effects of Social Networks on Corporate Performance, Business Misconduct and Other Phenomena in Financial Industry
Investigator(s):Wang Z
Department:Sch of Economics & Finance
Source(s) of Funding:Seed Fund for Basic Research
Start Date:09/2015




Researcher : Wong KP

Project Title:Research Output Prize (Faculty of Business and Economics)
Investigator(s):Wong KP
Department:Sch of Economics & Finance
Source(s) of Funding:Research Output Prize (in Faculty)
Start Date:01/2013


Project Title:2016 Finance Down Under Conference; Investment Efficiency and Product Market Competition
Investigator(s):Wong KP
Department:Sch of Economics & Finance
Source(s) of Funding:URC/CRCG - Conference Support for Teaching Staff
Start Date:03/2016
Completion Date:03/2016


List of Research Outputs

Broll U., Welzel P. and Wong K.P., Futures Hedging with Basis Risk and Expectation Dependence, International Review of Economics. Springer, 2015, 62: 213-221.
Broll U. and Wong K.P., The Impact of Inflation Risk on Forward Trading and Production, Portuguese Economic Journal. Springer, 2015, 14: 65-73.
Broll U., Welzel P. and Wong K.P., The Impact of Regret on Exports, German Economic Review. Springer, 2016, 17: 192-205.
Broll U. and Wong K.P., The Incentive To Trade Under Ambiguity Aversion, Journal of Economic Asymmetries. Elsevier, 2015, 12: 190-196.
Broll U. and Wong K.P., Trade and cross hedging exchange rate risk, International Economics and Economic Policy. Springer, 2015, 12: 509-520.
Wong K.P., A Smooth Ambiguity Model of the Competitive Firm, Bulletin of Economic Research. John Wiley & Sons Ltd, 2015, 67: S97-S110.
Wong K.P., Ambiguity and the Multinational Firm, International Review of Economics and Finance. Elsevier, 2016, 43: 404-414.
Wong K.P., Ambiguity and the Value of Hedging, Journal of Futures Markets. Wiley Periodicals, Inc., 2015, 35: 839-848.
Wong K.P., Export and Hedging Decisions under Correlated Revenue and Exchange Rate Risk, Bulletin of Economic Research. Wiley, 2015, 67: 371-381.
Wong K.P., Production and Hedging under Smooth Ambiguity Preferences, Journal of Futures Markets. Wiley Periodicals, Inc., 2016, 36: 506-518.


Researcher : Wong RYC

List of Research Outputs

Chan W. and Wong R.Y.C., Do Public Housing Tenants Do Worse in the Labor Market?, The 4th International Conference on Business and Social Sciences. 2016.
Wong R.Y.C., Tsang W.H.W. and Yuen W.H.V., Maximizing Land Use To Boost Development Optimizing Housing Resources To Benefit All, Our Hong Kong Foundation. 2015.


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 P

Project Title:Unknown Threshold in a Quantile Regression Model with an Application to Online Pricing
Investigator(s):Xu P
Department:Sch of Economics & Finance
Source(s) of Funding:Seed Fund for Basic Research
Start Date:06/2014


Project Title:Cooperative Bidding in Procurement Auctions: An Empirical Investigation
Investigator(s):Xu P
Department:Sch of Economics & Finance
Source(s) of Funding:Seed Fund for Basic Research
Start Date:06/2015


Project Title:34th Australasian Economic Theory Workshop; UNDERSTANDING TRANSITIONS USING DIRECTED SEARCH
Investigator(s):Xu P
Department:Sch of Economics & Finance
Source(s) of Funding:URC/CRCG - Conference Support for Teaching Staff
Start Date:02/2016
Completion Date:02/2016


Project Title:Product Differentiation, Promotion, and Pricing: A Structural Analysis of Internet markets
Investigator(s):Xu P
Department:Sch of Economics & Finance
Source(s) of Funding:Seed Fund for Basic Research
Start Date:06/2016




Researcher : Xu Y

Project Title:Discount rate and cash flow in the time of market liberalization
Investigator(s):Xu Y
Department:Sch of Economics & Finance
Source(s) of Funding:Seed Fund for Basic Research
Start Date:06/2014


Project Title:Corporate R&D and the cross section of stock returns: International evidence
Investigator(s):Xu Y, Hsu P
Department:Sch of Economics & Finance
Source(s) of Funding:General Research Fund (GRF)
Start Date:10/2014




Researcher : Yu P

Project Title:The Role of STC in International Trade Patterns: A Dynamic Panel Data Analysis with Attrition
Investigator(s):Yu P
Department:Sch of Economics & Finance
Source(s) of Funding:Seed Fund for Basic Research
Start Date:04/2015


List of Research Outputs

Porter J. and Yu P., Regression discontinuity designs with unknown discontinuity points: Testing and estimation, Journal of Econometrics. 2015, 189: 132-147.
Yu P., Adaptive estimation of the threshold point in threshold regression, Journal of Econometrics. 2015, 189: 83-100.
Yu P., Understanding Estimators of Treatment Effects in Regression Discontinuity Designs, Econometric Reviews. 2016, 35: 586-637.


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 Fund 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


Project Title:Asset Market Dynamics, Cycles, and Crises
Investigator(s):Yuen CW
Department:Sch of Economics & Finance
Source(s) of Funding:Small Project Funding
Start Date:06/2014




Researcher : Yuen WHV

List of Research Outputs

Wong R.Y.C., Tsang W.H.W. and Yuen W.H.V., Maximizing Land Use To Boost Development Optimizing Housing Resources To Benefit All, Our Hong Kong Foundation. 2015.
Yuen W.H.V., 政策制定——以退休保障為 例, 2016.
Yuen W.H.V., 香港全民退休保障爭議風雲, In: 鄭文燦, 新社會, Taiwan, 台灣新社會智庫, 2016, 43: 43-46.


Researcher : ZHANG Q

List of Research Outputs

McKeown J. and ZHANG Q., Socio-pragmatic influence on opening salutation and closing valediction of British workplace email, Journal of Pragmatics. Elsevier B.V., 2015, 85: 92-107.
Zhou Y., Jiao P. and ZHANG Q., Second-party and third-party punishment in a public goods experiment, Applied Economics Letters. 2016, 1-4.


Researcher : Zhang H

Project Title:Biased Technology and Contribution of Technological Change to Economic Growth: Firm-Level Evidence from China
Investigator(s):Zhang H
Department:Sch of Economics & Finance
Source(s) of Funding:Seed Fund for Basic Research
Start Date:12/2013


Project Title:Estimating Firm-Level R&D Demand and Innovation Process with Technology Spillover
Investigator(s):Zhang H
Department:Sch of Economics & Finance
Source(s) of Funding:General Research Fund (GRF)
Start Date:08/2014


Project Title:Export Destination, Product Quality, and Margins of Chinese Products in the International Markets
Investigator(s):Zhang H
Department:Sch of Economics & Finance
Source(s) of Funding:General Research Fund (GRF)
Start Date:07/2015


List of Research Outputs

Grieco P., Li S. and Zhang H., Production Function Estimation with Unobserved Input Price Dispersion, International Economic Review. 2016, 57-2: 665-690.


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 : Zhang S

Project Title:Media Coverage and Cross-Sectional Asset Return Volatilities
Investigator(s):Zhang S
Department:Sch of Economics & Finance
Source(s) of Funding:Seed Fund for Basic Research
Start Date:02/2015


Project Title:In search of systematic distress risk
Investigator(s):Zhang S
Department:Sch of Economics & Finance
Source(s) of Funding:General Research Fund (GRF)
Start Date:08/2015


Project Title:The Cross-section of Equity Returns – A Model Selection Perspective
Investigator(s):Zhang S
Department:Sch of Economics & Finance
Source(s) of Funding:Seed Fund for Basic Research
Start Date:01/2016


List of Research Outputs

Zhang S., LIMITED RISK SHARING AND INTERNATIONAL EQUITY RETURNS, 2015 EFA. 2015.
Zhang S., LIMITED RISK SHARING AND INTERNATIONAL EQUITY RETURNS, 2016 AFA. 2016.


Researcher : Zou H

Project Title:Is there a value for risk management and corporate governance in financial institutions: Evidence from insurers in the subprime mortgage crisis
Investigator(s):Zou H
Department:Sch of Economics & Finance
Source(s) of Funding:General Research Fund (GRF)
Start Date:01/2014


Project Title:The corporate finance implications of compensation clawbacks
Investigator(s):Zou H
Department:Sch of Economics & Finance
Source(s) of Funding:Seed Fund for Basic Research
Start Date:01/2014


Project Title:China International Conference in Finance; Risk Management and MBS Risk‐taking of Financial Institutions
Investigator(s):Zou H
Department:Sch of Economics & Finance
Source(s) of Funding:URC/CRCG - Conference Support for Teaching Staff
Start Date:07/2015
Completion Date:07/2015


List of Research Outputs

Chen Z., Li O. and Zou H., Directors’ and officers’ liability insurance and the cost of equity, In: S.P. Kothari, Journal of Accounting and Economics. Elsevier, 2016, 61: 100-120.


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