Dr Kwok Yuen FAN

Publications:

• Shen, J., Peng, D., Hui, E. C., & Fan, K. Y. (2025). Performance measurability, local government’s incentives, and regional air pollution reduction. World Development, 193, 107056.
• Fan, K. Y., Shen, J., Hui, E. C., & Cheng, L. T. (2024). ESG components and equity returns: Evidence from real estate investment trusts. International Review of Financial Analysis, 96, 103716.
• Shen, J., Fan, K. Y., Hui, E. C., & Ho, S. M. (2024). The value of sustainable property management in real estate: Evidence from Hong Kong. Journal of Real Estate Research, 46(3), 389-419.
• Peng, D., Shen, J., Fung, S. Y. K., Hui, E. C., & Fan, K. (2024). The valuation effect and consequences of clawback adoption in real estate investment trusts. The Journal of Real Estate Finance and Economics, 68(2), 274-317.
• Shen, J., Hui, E. C., & Fan, K. (2021). Did real estate professionals anticipate the 2007-2008 financial crisis? Evidence from insider trading in the REITs. The Journal of Real Estate Finance and Economics, 63(1), 122-142.
• Shen, J., Hui, E. C., & Fan, K. (2021). The beta anomaly in the REIT market. The Journal of Real Estate Finance and Economics, 63(3), 414-436.

Conference Presentations:

• Kwok Yuen Fan, Jianfu Shen and Eddie C.M. Hui (2024), “Does integrating environmental protection in cadre evaluation system mitigate the race-to-the-bottom competition? Evidence from industrial land conveyance in China”. Presented at the 2024 AsRES- GCREC & AREUEA Joint International Real Estate Annual Conference.
• Kwok Yuen Fan, Xin Chang, Jianfu Shen and Eddie C.M. Hui (2024), “Environmental Regulatory Independence and Corporate Environmental Performance”. Presented at the 2024 Asian Finance Association (AsianFA) Annual Conference.
• Kwok Yuen Fan, Eddie C.M. Hui, Lulu Pan, Jianfu Shen (2024), “Regulatory Arbitrage by Governments and Land Conveyance”. Presented at the 3rd International Conference on Computational Social Sciences and Sustainability.