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1.
Journal Articles
HO Y K,
"Market Closure Effects on Return, Volatility, and Turnover Patterns
in the Hong Kong Index Futures Market", International Financial Markets,
Institutions, and Money, Vol. 8, 1998, pp.433-451, (co-authored with Raymond
S. K. Lee)
HO Y K, "The Hong Kong Securities Markets: Review and Prospects",
Asia-Pacific Financial Markets, Vol. 5, 1998, pp.29-44.
CHEUNG Y L
,"The Impact of the U.S. and the Japanese Equity Markets on the Emerging
Asian-Pacific Markets, Vol. 5, 1998, pp.191-209, (co-authored with Cha,
B)
CHEUNG Y L
,"International Spillovers and Volatility Symmetries: Evidence on
the Hong Kong Equity Market", Asia-Pacific Journal of Finance, Vol.
1, 1998, pp.27-44, (co-authored with Bae, K H)
CHEUNG Y L ,"Bid-Ask Spread and Arbitrage Profitability: A
Study of the Hong Kong Index Futures and Options Market", Journal
of Futures Market, forthcoming, (co-authored with Bae, K H and K Chan).
CAI J, "The Performance of Japanese Seasoned Equity Offerings,
1971-1992", Pacific Basin Finance Journal, Vol. 6, pp.395-425, (co-authored
with Tim Loughran).
AHN H J, "Decimalization and Competition among Exchanges:
Evidence from the Toronto Stock Exchange Cross-Listed Securities",
Journal of Financial Markets, Vol. 1, 1998, pp.51-87, (co-authored with
Charles Q Cao and Hyuk Choe).
ChAN Y C, "An Analysis of the Deposit-taking Industry of Hong Kong",
Review of Industrial Organization, Vol. 13, 1998, pp.651-657, (co-authored
with Terence Khoo).
LI S, "Optimal Assignment of Principalship in Teams",
Journal of Economic Behavior and Organization, forthcoming.
AHN H J and CHEUNG Y L, "The Intraday Patterns of the
Spread and Depth in a Market without Market Makers: The Stock Exchange
of Hong Kong", Pacific-Basin Finance Journal, Vol 7, December 1999,
pp.539-556.
AHN H J and KIM J M, "Valuation Effects of Foreign Exchange
Listings: The Case of Korean Depository Receipts", Journal of Finance
and Banking, Institute of Finance and Banking at Seoul National University,
July 1999, pp.1-25.
BAE K H, CHA B and CHEUNG Y L, "The Transmission of Pricing
Information of Dually-listed Stocks", Journal of Business Finance
and Accounting, Vol 27, UK, 1999, pp.451-465.
CAI J, CHEUNG Y L and WONG C S, "What Moves Gold Market?",
Journal of Futures Market.
CAI J, CHEUNG Y L and GOYAL V, "Bank Monitoring, Liquidity
Risk, and the Maturity Structure of Corporate Debt: Evidence from Japan",
Pacific-Basin Finance Journal, (Winner of the 1998 PACAP Competitive Research
USD3,000 Award), July 1999, pp.229-250.
CHENG L K and KWAN Y K, "What are the Determinants of the Location
of Foreign Direct Investment? The Chinese Experience", Journal of
International Economics, 51 (2), June 2000, pp.379-400.
LI S and LIAN P, "Decentralization and Coordination: China's
Credible Commitment to Preserve the Market under Authoritarianism",
China Economic Review, Vol 10, 1999, pp.161-190.
LI S and LI S M, "The Economics of Guanxi", China Economic
Quarterly, Vol 4, Issue 1, 2000.
LI S, LI S M and ZHANG W Y, "The Road to Capitalism: Competition
and Institutional Change in China", Journal of Comparative Economics,
28 (2), June 2000, pp.269-292.
WONG C S and CHEUNG Y L, "The Practice of Investment Management
in Hong Kong: Market Forecasting and Stock Selection", Omega: The
International Journal of Management Science, Vol 27, UK, July 1999, pp.451-465.
WONG C S, CHEUNG Y L and WU L, "Inside Trading in the Hong
Kong Stock Market", Asia-Pacific Financial Markets, Vol 7, 2000,
pp.275-288.
WONG K A and CHEUNG Y L, "The Effect of Relocation of Corporate
Domicile on Stock Returns: The Case of Hong Kong", Journal of Asian
Business, 1999, pp.28-39.
2.
Books/Chapters
HO Y K,
"Macroforecasting Accuracy and Gains from Stock Market Timing",
Research in Finance, Andrew Chen (Ed.), Chapter 16, 1998, pp.127-139.
(co-authored with Wong Kie Ann and Chi-Keung Woo).
HUANG G B, "Banking Reform in China", Y S Cheng (Ed.), China
After Deng, The Chinese University Press, 1998, pp.329-362.
LI S, "Governance and Investment : Why can China Attract Large-Scale
FDI Despite Its Widespread Corruption?", forthcoming in a World Bank
Book (Ed Compos, Ed.), base on a consultancy project for the World Bank.
(Co-authored with Peng Lian).
CHENG L K and KWAN Y K, "The Location of Foreign Direct Investment
in Chinese Regions: Further Analysis of Labor Quality", The Role
of Foreign Direct Investment in East Asian Economic Development, T Ito
and A O Krueger (eds), University of Chicago Press, Chicago, USA, May
2000, Chapter 7, pp 213-235.
KWAN Y K, "Comment on 'Foreign Direct Investment and Industrial Restructuring:
The Case of Taiwan's Textile Industry' by T J Chen and Y H Ku", The
Role of Foreign Direct Investment in East Asian Economic Development,
T Ito and A O Krueger (eds), University of Chicago Press, Chicago, USA,
May 2000, Chapter 11, pp 345-346.
KWAN Y K and LUI F T, "Deregulation, Profit, and Cost in Commercial
Banking: The Case of Hong Kong", Deregulation and Interdependence
in the Asia-Pacific Region, T Ito and A O Krueger (eds), University of
Chicago Press, Chicago, USA, January 2000, Chapter 10, pp 305-324.
3.
Conference Papers
CHAN Y C,
"Capital Expenditure, R&D, and Firm Value: Evidence from Japanese
Corporations", European Financial Management Meeting, Lisbon, Portugal,
June 1998. (Co-authored with L Ng and A Hung).
CHAN Y C, "Financial Markets Integration in the Greater China Bloc:
Evidence from Stock Returns", the Tenth Pacific Capital Basin Capital
Markets Research Conference, Kuala Lumpur, Malaysia, October 1998. (Co-authored
with W C Lo).
CHAN Y C, "Contagion Effects or Economic Fundamentals: An Analysis
of Exchange Dynamics during the Asian Currency Crisis," Exchange
Rate Stability and Currency Board Economics Conference, Baptist University,
Hong Kong, November 1998. (Co-authored with K H Chu and C Y Sin).
CHAN Y C, "Privatization of Housing and Housing Demand: An Analysis
of the Housing Market in China", American Real Estate Society Conference,
Maui, Hawaii, U.S.A., May 1999.
LI S, "The Benefits and Costs of Relation-based Governance:
An Explanation of the East Miracle and Crisis", American Economic
Association, New York, January 1999.
CHAN Y C, LAU A K S and SIN C Y, "Futures Market Activities when
the Underlying Cash Market is Closed: Evidence from the Extended Trading
Hours of the Hong Kong Hang Seng Index Futures Market", Paper presented
at the 1999 Hong Kong International Workshop on Statistics in Finance,
Hong Kong, July 1999.
CHENG L K, KWAN Y K and LUI F T, "Risk Premium, Currency Board, and
Attacks on the Hong Kong Dollar", Paper presented at the International
Conference: The Asian Crisis II, University of Washington, Seattle, USA,
January 2000.
CHEUNG Y L, "Asian Economy and Financial Markets after Crisis",
Paper presented at the Conference on Asian Economy of Financial Markets
after Crisis, Yuan Ze University of Taiwan, Taiwan.
CHEUNG Y L, "Corporate Governance, The Case of Hong Kong",
Paper presented at the Open Conference on Corporate Governance Reforms
in Philippines, The Institute of Directors, World Bank, Asian Development
Bank.
CHEUNG Y L, "Corporate Governance, The Role Model for Asia",
Paper presented at the Open Conference on Corporate Governance Reforms
in Philippines, Institute of Directors, World Bank, Asian Development
Bank.
KWAN Y K and LAI E L C, "Intellectual Property Rights Protection
and Endogenous Growth", Paper presented at the International Conference
on Innovation, Appropriation Strategies and Economic Policy, French Ministry
of Industry, Paris, France, November 1999.
KWAN Y K, LUI F T and CHENG L K, "Credibility of Hong Kong's Currency
Board: The Role of Institutional Arrangements", Paper presented at
the International Workshop on International Trade, Industrial Organization,
and Asia, City University of Hong Kong, Hong Kong, August 1999.
4.
Consultancy Reports
HO Y K
and WONG C, "The Role of Fund Management in Promoting Capital Markets
Development in Asian Economies". Consultancy Report for Pacific Economic
Cooperation Council, 1998.
CHAN Y C, "Fixed-income Securities Markets in China", Asian
Development Bank Expert Report on Capital Market Developments, 1999.
CHAN Y C, "Risk Management", Hong Kong Monetary Authority Training
Manual for FOREX Professionals, 1999.
LI K W, "China's Financial Sector Reform", a consultancy report
for the Department of Foreign Affairs and Trade, Australia, 1999
CHEUNG Y L, Corporate Governance in Hong Kong, China: Rising to
the Challenge of Globalization, Asian Development Bank.
CHING T F, LEUNG W F, WONG C Y P and ZHANG A, "Opportunities
from Liberalization of Trade in Services", Journal of the American
Chamber of Commerce in Hong Kong, September 1999.
CHING T F, LEUNG W F, WONG C Y P and ZHANG A, Opportunities from
Liberalization of Trade in Services, Hong Kong Coalition of Service Industries,
April 2000, 135 p.
CHING T F, LEUNG W F, HUNG V, WONG C Y P and ZHANG A, "Effects
of Administrative Barriers to Trade on Cross Border Flow of Services",
Paper presented at the World Services Congress, Atlanta, GA, USA, 1-3
November 1999.
CHING T F, LEUNG W F, WONG C Y P, ZHANG A and KAO A, Electronic
Handbook of WTO Member's Trade Commitment Schedules, April 2000, http://www.chamber.org.hk/gats/.
CHING T F, LEUNG W F, WONG C Y P, ZHANG A and KAO A, Hong Kong
Services 2000 Opportunities from Liberalization of Trade in Services -
The Private Sector's Interest, April 2000.
CHING T F, LEUNG W F, WONG C Y P, ZHANG A and KAO A, Written Handbook
of WTO Member's Trade Commitment Schedules, April 2000. SHIU B and CHEUNG
Y L, Study on Development of Bond Markets in Selected DMC's: Case Study
Hong Kong SAR, China, Asian Development Bank.
5.
Finance Seminars Series
RITTER, JAY,
"Investment
Banking and Securities Issuance,"
Paper presented at Finance
Seminar Series I, May 16, 2001.
CHANG, CHUN, "Incentive
Contracting versus Ownership Reforms: Evidence from China's Township and
Village Enterprise"
Paper presented at Finance
Seminar Series I, May 9, 2001.
DAHYA, JAY, "The
Cadbury Committee Recommendations, Corporate Performance and Top Management
Turnover"
Paper presented at Finance
Seminar Series I, May 4, 2001.
6.
Technical Report Series Published in 1998-99
1998-1,
Fundamentals News and Real Estate Price Adjustment: Evidence from an Economy
with Active Real Estate and Stock Markets, Yuming Fu and Lilian K Ng.
1998-2,
Association between independent Non-Executive Directors, Family Control
and Financial Disclosures, Charles Chen and Bikki Jaggi.
1998-3,
Options on the Minimum or the Maximum of Two Average Prices, Xueping Wu
and Jin Zhang.
1998-4,
How Important was Silver? Some Evidence on Exchange Rate Fluctuations
and Stock Returns in Colonial-Era Asia. Warren Bailey and Kirida Bhaopichitr.
1998-5,
China's SOE Reform: A Corporate Governance Prespective, Weiying Zhang.
1998-6,
Limit Orders, Depth and Volatility, Hee-Joon Ahn and Kee-Hong Bae.
1998-7,
An E-ARCH Model for the Term Struture of Implied Volatility of FX Options,
Ying Zhu and Macro Avellaneda.
1998-8,
Special Economic Zones, Intermediate Inputs and Foreign Factor Ownership:
A Global Analysis, Albert G. Schweinberger.Selected Research Output 1.
Journal Articles.
7.
Working Papers
WONG
C S, CHENG W Y and WONG C Y P, Market Risk Management of Banks:
Implications from the Accuracy of Value-at-Risk Forecasts, April 2000.
CHENG W Y and FAN C, How to Put your Derivatives Model to Work?
March 2000.
CHENG
W Y, VaR and Margin Requirements: Applications in Asian Index Futures
Markets, February 2000.
CHENG W Y and ZHANG S G, The Analysis of Reset Options, December
1999.
CHENG
W Y, Recent Advances in Default Swaps,
August 1999.
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