The Hang Seng University of Hong Kong
School of Business - The Hang Seng University of Hong Kong

Dr Kaz KWOK

Associate Head and Associate Professor
Department of Economics and Finance
Associate Master of S H Ho Wellness College

  • D604A(7)
  • (852) 3963 5041
Active
Researcher
  • 159 Citation(s)
  • 4 h-index(es)

Academic & Professional Qualifications

PhD (Monash University)
BCom (Hons 1st) (Monash University)

Biography

Dr. Kaz Kwok is an Associate Professor and Associate Director of the BBA in Financial Analysis and FinTech programme at The Hang Seng University of Hong Kong (HSUHK). He holds a PhD in Finance and a Bachelor of Commerce in Accounting and Finance (First-Class Honours) from Monash University. His research focuses on corporate finance, and he has taught undergraduate and postgraduate courses at Monash University, The Hong Kong Polytechnic University, and HSUHK. 

Research and Teaching Interests

  • Corporate Finance, Cost Structure

Intellectual Contributions (Publications, Conferences, Books, Book Chapters, etc.)

Publications

  • Kei, B., Kwok, W., Lin, Q., & Wong, G. (2025). Do firms accumulate cash balances through financing persistent negative cash flows? Evidence from China. Pacific-Basin Finance Journal, 102827. https://doi.org/10.1016/j.pacfin.2025.102827 (ABDC: A)
  • Ding, Z., Kei, B., Kwok, W., Lin, Q., & Wong, G. (2025). Latent corporate governance: The impact of Confucianism on the value of cash holdings. Research in International Business and Finance, 77, 102879. https://doi.org/10.1016/j.ribaf.2025.102879 (ABDC: B)
  • Chang, X., Kwok, W., & Wong, G. (2024). Demand uncertainty, inventory, and cost structure. Contemporary Accounting Research, 41(1), 226–254. https://doi.org/10.1111/1911-3846.12918 (FT50)
  • Chang, X., Cheng, L. T. W., Kwok, W., & Wong, G. (2024). Stock price crash risk and firms’ operating leverage. Journal of Financial Stability, 71, 1–17. https://doi.org/10.1016/j.jfs.2024.101219 (ABDC: A)
  • Chen, T. F., Kwok, W., & Wong, G. (2021). Does the q theory of investment work well in china? Pacific-Basin Finance Journal, 68, 101595. https://doi.org/10.1016/j.pacfin.2021.101595 (ABDC: A)
  • Fu, K., Kwok, W., & Wong, G. (2020). Agency, firm growth, and managerial turnover: A Chinese study. Pacific-Basin Finance Journal, 63, 101401. https://doi.org/10.1016/j.pacfin.2020.101401 (ABDC: A)
  • Faff, R., Kwok, W., Podolski, E., & Wong, G. (2016). Do corporate policies follow a life-cycle? Journal of Banking & Finance, 69, 95–107. https://doi.org/10.1016/j.jbankfin.2016.04.009 (ABDC: A*)

Conference papers

Chang, X., Kei, B., Kwok, W., Wong, G., & Zhang, Y. (2025). Weathering the Climate Risk: A Cross-Country Analysis on Cash Flow Allocation.

  • 2nd Asia Sustainability and ESG Summit 2024, Best Paper Award
  • Conference on Sustainable Finance – Third Edition, 2025
  • World Finance Conference (WFC) Malta 2025 

Chang, X., Kwok, W., Li, T, Wong, G., & Yao, J. (2022). How Do Misvalued Firms Deploy Internal Cash Flow?  

  • Financial Management Association (FMA) European Conference 2022 

 

Research Grants and Awards

  • Kwok, W. (2022). How do companies adapt to extreme weather? Evidence from corporate uses of internal cash flow. (Grant No. UGC/FDS14/B13/21).