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5 Sep 2018 "Does the Weighted Voting Rights (WVR) Structure Create Value for Shareholders in the Long Run?" Read more
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CHENG Louis (Prof)Finance & Financial Services
DBA
Professor

Dr. Cheng is a Professor of Finance at the School of Accounting and Finance of the Hong Kong Polytechnic University. He is a member of the Investment Committee of the Hospital Authority Provident Fund Scheme (Nov 2016 - Nov 2018) and a member of the Solicitors Disciplinary Tribunal Panel (Nov 2013 - Oct 2019). He also serves as a member for the Business Studies Panel (Joint Research Schemes, Feb 2016 - Jan 2020) for the Research Grants Council (RGC). He served as the Monitoring & Assessment Panel of the Local Self-financing Sector (Feb 2015 - Aug 2017) for the Research Grants Council (RGC). He served as a Council member and a Trustee of the Pension Fund of the Hong Kong Polytechnic University in January 2011 to February 2013. He also served as a member of the Advisory Committee on Human Resources Development in the Financial Services Sector for HKSAR in June 2009 to May 2013. He is currently a member of the Examination Board of The Institute of Financial Planners of Hong Kong (IFPHK). He has been a CFPCM certificant since 2001.

Dr. Cheng graduated with a DBA in Finance from Louisiana Tech University in 1989. Before joining PolyU, he was an Associate Professor of Finance at Murray State University in Kentucky. He served as a Visiting Scholar at Hong Kong Baptist University in 1995-96 and at Southern Illinois University, Carbondale in the Spring of 1997. In the summer of 2003, he served as the HSBC Fellow of Asian Financial Markets at the University of Exeter in UK. Moreover, he has more than 80 articles published in well-known finance research journals including the Journal of Finance.

Dr. Cheng is an author of Fundamentals of Financial Planning by McGraw-Hill, 2006, and the lead author of Financial Planning and Wealth Management: An International Perspective,also by McGraw-Hill, 2008. Dr. Cheng served as a project consultant for various organizations including Investor Education Centre (IEC), Securities and Futures Commission (SFC), Hong Kong Exchanges (HKEx), Mandatory Provident Fund Scheme Authority (MPFA), FSTB through Tricor on FRC’s budget, Hong Kong Securities and Investment Institute (HKSI), Charles Schwab (US), Tai Fook Securities, Value Partners, Fubon Bank, Agricultural Bank of China, and Bank Consortium Trust Hong Kong.

 

“Interest rate deregulation and banks’ off-balance-sheet activities: A Hong Kong perspective”, Arnold C.S. Cheng, Michael K. Fung, Keri Peicong Hu and Louis T.W. Cheng, Applied Economics, forthcoming.

“Perks and the informativeness of stock prices in the Chinese Market”, Ferdinand A. Gul, Louis T.W. Cheng and T. Y. Leung, Journal of Corporate Finance, Vol. 17, No. 5, December 2011, pp 1410-1429.

“Intraday Volume and Volatility Relations With and Without Public News ”, Ali F. Darrat, Maosen Zhong and Louis T.W. ChengJournal of Banking and Finance , Vol. 31, No.9, September 2007, pp . 2711-2729.

“Testing the Net Buying Pressure Hypothesis during the Asian Financial Crisis: Evidence from the HSI Options”, Kam C. Chan, Louis T.W. Cheng and Peter P. Lung, Journal of Financial Research, Vol XXIX, No.1, March 2006, pp 43-62.

“Information Asymmetry and Timing of Earnings Announcements”, Gongmeng Chen, Louis T.W. Cheng and Ning Gao, Journal of Business Finance and Accounting, Vol 32, No. 1-2, January/March 2005, pp. 65-95.

“The Impact of the Costs of Subscription on Measured IPO Returns: the Case of Asia”, Joseph K. W. Fung, Louis T.W. Cheng and Kam C. Chan, Journal of Corporate Finance, Vol 10, No.3, June 2004, pp.459-695.

“Early Unwinding Strategy in Index Options-Futures Arbitrage”, Louis T.W. Cheng, Joseph K.W. Fung and Castor Pang, Journal of Financial Research , Vol. XXI, No. 4, Winter 1998, pp 447-467.

“Key Executive Succession, Stock Price and Conditions Surrounding the Succession Event”, W. N. Davidson, Dan L. Worrell and Louis T.W. ChengJournal of Management , Vol. 16, No. 3, September 1990, pp 647-664.

“A Re-Examination of the Market Reaction to Failed Mergers”, Wallace N. Davidson III, Dipa Dutai and Louis ChengJournal of Finance , Vol. 44, No. 4, September 1989, pp 1077-1084.

Education
DBA, Finance
Louisiana Tech University
Research INTEREST
  • Corporate finance
  • Corporate disclosure
  • Corporate governance and compensation
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