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

Professor Louis CHENG

Associate Dean (Research)

Dr S H Ho Professor of Banking and Finance

Director of Research Centre for ESG

Department of Economics & Finance

  • (852) 3963 5029
Active
Researcher
  • 2863 Citation(s)
  • 25 h-index(es)

Academic & Professional Qualifications

  • DBA in Finance (Louisiana Tech University)
  • MBA in General (Northeast Louisiana University)
  • DIP in Business Administration (H.K. Shue Yan College)

Biography

Dr Cheng is the Dr S H Ho Professor of Banking and Finance. He is also the Associate Dean (Research) of School of Business, and the Director of Research Centre for ESG at the Hang Seng University of Hong Kong. He is a member of the Hospital Governing Committee of Ruttonjee & Tang Shiu Kin Hospitals (April 2023 – March 2026). He was a member of the Investment Committee of the Hospital Authority Provident Fund Scheme (2016-2022) in which he led the effort in promoting ESG integration for an investment portfolio. Dr Cheng actively engages in ESG and green finance research. In addition to publishing on Green Bond, he received various research donation and grants related to ESG and financial services for over USD 1 million. He is also a coauthor of a book chapter titled “Fintech Unicorns” in The Palgrave Handbook of Fintech and Blockchain, 2021.

Dr Cheng is a member of the Business Studies Assessment Panel for Competitive Research Funding Schemes for the Local Self-financing Degree Sector under the Research Grants Council (RGC). He also served as a member of the Business Studies Panel (Joint Research Schemes) for the RGC, Solicitors Disciplinary Tribunal Panel, and University Council and Trustee Board of the Hong Kong Polytechnic University Pension Fund. He is currently a member of the Examination Board of The Institute of Financial Planners of Hong Kong (IFPHK).


Dr Cheng graduated with a DBA in Finance from Louisiana Tech University in 1989. He has been a CFPCM certificant since 2001. Before joining Hang Seng University, he was Professor of Finance and Director of Economic Sustainability and Entrepreneurial finance at PolyU. From 1989 to 1998, he was an Assistant Professor and then Associate Professor at Murray State University in Kentucky. In 2003, he served as the HSBC Fellow at the University of Exeter in UK. Moreover. He has over 100 articles and books published including the Journal of Finance. Dr Cheng is an author of Fundamentals of Financial Planning, and the lead author of Financial Planning and Wealth Management: An International Perspective, both by McGrawHill.


Dr Cheng served as a project consultant for various organizations including United Nations, Bank of China (HK) Private Banking, Investor Education Centre (IEC), Securities and Futures Commission (SFC), Mandatory Provident Fund Scheme Authority (MPFA), Value Partners, Agricultural Bank of China (HK) Private Banking, Bank Consortium Trust Hong Kong, Fubon Bank, Hong Kong Exchanges (HKEx), Charles Schwab (US), Tai Fook Securities, and Hong Kong Securities and Investment Institute (HKSI).

Research and Teaching Interests

  • Teaching: Wealth Management
  • Research: ESG and Green Finance, Behavioral Finance, Mergers and Acquisitions, IPOs

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

Publications (A*/ A/ B in ABDC journal list only): 

  • Kong, P., Cheng, L. T. W., Pan, L., Shen, J. & Yu, Q. (2025). Non-financial information uncertainty, firm growth, and market value during crisis: Evidence from China. Pacific-Basin Finance Journal, vol. 91, 102748. https://doi.org/10.1016/j.pacfin.2025.102748  (ABDC: A)
  • MA, L., LI, J., Cheng, L. T. W., & Cao, J. (2025). The role of independent directors in mitigating corporate greenwashing: evidence from board voting in China. The European Journal of Finance. pp.1-21. https://doi.org/10.1080/1351847X.2025.2481957  (ABDC: A) 
  • Cheng, L. T. W., Cheong, T. S., Wojewodzki, M., & Chui, D. (2025). The effect of ESG divergence on the financial performance of Hong Kong-listed firms: An artificial neural network approach. Research in International Business and Finance, vol. 73, Part A. https://doi.org/10.1016/j.ribaf.2024.102616  (ABDC: B) 
  • Fan, K. Y., Shen, J., Hui, E. C., & Cheng, L. T. W. (2024). ESG Components and Equity Returns: Evidence from Real Estate Investment Trusts. International Review of Financial Analysis, vol. 96, Part B. https://doi.org/10.1016/j.irfa.2024.103716 (ABDC: A) 
  • Fung, M. K., Cheng, L. T. W., & Shen, J. (2024). Do media message receivers asymmetrically react to non-strategic and strategic media coverage? Evidence from Hong Kong. Research in International Business and Finance, vol. 70, Part A. https://doi.org/10.1016/j.ribaf.2024.102335  (ABDC: B) 
  • Chan, R. Y. K., Shen, J., Cheng, L. T. W., & Lai, J. W. M. (2024). Impacts of investment relations service quality on corporate information transparency and intangible value: the moderating role of competitive intensity. Marketing Intelligence & Planning, vol. 42 (4), pp.704-724.  https://doi.org/10.1108/MIP-06-2023-0297  (ABDC: A) 
  • Chang, X., Cheng, L. T. W., Kwok, W. C., & Wong, G. (2024). Stock Price Crash Risk and Firms’ Operating Leverage. Journal of Financial Stability, vol. 71. https://doi.org/10.1016/j.jfs.2024.101219  (ABDC: A) 
  • Cheng, L. T. W., Sharma, P., & Yan, S. (2023). Success begets success! Exploring the carry-over effects of total underwriting effort on post-IPO issuer firm outcomes. Journal of Business Research, vol. 163. https://doi.org/10.1016/j.jbusres.2023.113928  (ABDC: A) 
  • Wojewodzki, M., Cheong, T. S., Shen, J., & Cheng, L. T. W. (2023). Does corporate carbon performance converge in the global market? Evidence from a distribution dynamic approach. Journal of Environmental Management, vol. 342. https://doi.org/10.1016/j.jenvman.2023.118355  (ABDC: A) 
  • Cheng, L. T. W., Lee, S. K., Li, S. K., & Tsang, C. K. (2023).  Understanding Resource Deployment Efficiency for ESG and Financial Performance: a DEA Approach. Research in International Business and Finance. vol. 65.  https://doi.org/10.1016/j.ribaf.2023.101941 (ABDC: B) 
  •  Cheng, L. T. W., Shen, J., & Wojewodzki, M. (2023). A cross-country analysis of corporate carbon performance: An international investment perspective.  Research in International Business and Finance, vol. 64. https://doi.org/10.1016/j.ribaf.2023.101888. (ABDC: B) 
  •  Cheng, L. T. W., Sharma, P., & Broadstock, D. C. (2022).  Interactive effects of brand reputation and ESG on green bond issues: A sustainable development perspective. Business Strategy and the Environment, vol. 32 (1), pp. 570-586. https://doi.org/10.1002/bse.3161 (ABDC: A) 
  •  Ling, X., Yan, S., & Cheng, L. T. W. (2022). Investor relations under short-selling pressure: Evidence from strategic signaling by company site visits.  Journal of Business Finance and Accounting, vol. 49 (7–8), pp. 1145–1174. https://doi.org/10.1111/jbfa.12592 (ABDC: A*) 
  •  Cheng, L. T. W., Sharma, P., Shen, J., & Ng, A. C. C. (2021). Exploring the dark side of third-party certification effect in B2B relationships: A professional financial services perspective. Journal of Business Research, vol. 127, pp.123-136. https://doi.org/10.1016/j.jbusres.2021.01.031 (ABDC: A) 
  •  Cheng, L. T. W., & Wang, J. W. (2021). Equity ownership and corporate transparency: International evidence. International Review of Economics & Finance, vol.76, pp.143–165. https://doi.org/10.1016/j.iref.2021.03.005. (ABDC: A) 
  • Broadstock, D. C., Chan, K., Cheng, L. T. W., & Wang, X. (2021). The role of ESG performance during times of financial crisis: Evidence from COVID-19 in China. Finance Research Letters, vol. 38. https://doi.org/10.1016/j.frl.2020.101716 (ABDC: A) 
  • Sharma, P., Cheng, L. T. W., & Leung, T. Y. (2020).  Impact of Political Connections on Chinese Export Firms’ Performance – Lessons for Other Emerging Markets. Journal of Business Research, vol. 106, pp.24-34. https://doi.org/10.1016/j.jbusres.2019.08.037 (ABDC: A) 
  • Broadstock, D. C., & Cheng, L. T. W. (2019). Time-varying relation between black and green bond price benchmarks: Macroeconomic determinants for the first decade.  Finance Research Letters, vol. 29, pp.17-22. https://doi.org/10.1016/j.frl.2019.02.006 (ABDC: A) 
  • Barbopoulos, L. G., Cheng, L. T. W., Cheng, Y., & Marshall, A. (2019). The role of real options in the takeover premia in mergers and acquisitions.  International Review of Economics & Finance, vol. 61, pp.91-107. https://doi.org/10.1016/j.iref.2019.01.006 (ABDC: A) 
  • Cheng, L. T. W., Wang, J. W., & Chan., K. C. (2018). Learning Effects of Student Response System (SRSs): Evidence from Hong Kong. Journal of Financial Education, vol. 44 (2), pp.284-301. https://www.jstor.org/stable/26775508 (ABDC: B) 
  • Cheng, L. T. W., Chan, R. Y. K., & Leung, T. Y. (2018). Impact of perk expenditures and marketing expenditures on corporate performance in China: The moderating role of political connections. Journal of Business Research, vol. 86, pp.83-95. https://doi.org/10.1016/j.jbusres.2018.01.046 (ABDC: A) 
  • Brockman, P., Cheng, L. T. W., & Leung, T. Y. (2016). The Impact of Foreign Strategic and Corporate Investors on H-Share IPO Performance. Asia-Pacific Journal of Financial Studies, vol. 45 (6), pp.886-915. https://doi.org/10.1111/ajfs.12156 (ABDC: B) 
  • Cheng, L. T. W., & Leung, T. Y. (2016). Government Protection, Political Connection and Management Turnover in China. International Review of Economics & Finance, vol. 45, pp.160-176. https://doi.org/10.1016/j.iref.2016.03.010 (ABDC: A) 
  • Cheng, A. C. S., Fung, M. K., Hu, K. P., & Cheng, L. T. W. (2015). Interest rate deregulation and banks’ off-balance-sheet activities: A Hong Kong perspective. Applied Economics, vol.47 (47), pp.5088-5102. https://doi.org/10.1080/00036846.2015.1042144 (ABDC: A) 
  • Cheng, L. T. W., Leung, T.Y., & Yu, W. (2014). Information Arrival, Changes in R-square and Pricing Asymmetry of Corporate News. International Review of Economics & Finance, vol. 33, pp.67-81. https://doi.org/10.1016/j.iref.2014.03.004 (ABDC: A) 
  •  Cheng, L. T. W., & Leung, T. Y. (2012). The Effects of Management Demography on Auditor Choice and Earnings Quality: Evidence from China. Review of Pacific Basin Financial Markets and Policies, vol. 15 (2). https://doi.org/10.1142/s0219091511500093 (ABDC: B) 
  •  Gul, F. A., Cheng, L. T. W., & Leung, T. Y. (2011). Perks and the informativeness of stock prices in the Chinese Market. Journal of Corporate Finance, vol. 17 (5), pp.1410-1429. https://doi.org/10.1016/j.jcorpfin.2011.07.005 (ABDC: A*) 
  •  Cheng, L. T. W., Davidson III, W. N., & Leung, T. Y. (2011).  Insider Trading Returns and Dividend Signals. International Review of Economics & Finance, vol. 20 (3), pp.421-429. https://doi.org/10.1016/j.iref.2010.11.016 (ABDC: A) 
  • Chan, R. Y. K., Cheng, L. T. W., & Leung, T. Y. (2011). Corporate Performance Implications of Relational Demographic Differences: On Age and Titles of Chairpersons versus General Managers of Listed Chinese Companies. British Journal of Management, vol. 22 (1), pp.96-113. https://doi.org/10.1111/j.1467-8551.2010.00710.x (ABDC: A) 
  • Cheng, L. T. W., Chan, R. Y. K., & Leung, T. Y. (2010).  Management Demography and Corporate Performance: Evidence from China. International Business Review, vol. 19 (3), pp.261-275. https://doi.org/10.1016/j.ibusrev.2009.12.007 (ABDC: A) 
  • Chan, Y. C., & Cheng, L. T. W. (2009). Price Reversals versus Price Continuations: The Transitory Price Effects of Futures Trading Extension on the Underlying Stock Market. Review of Quantitative Finance and Accounting, vol. 33, pp.159-176. https://doi.org/10.1007/s11156-009-0108-0 (ABDC: B) 
  • Cheng, L. T. W., Fung, H. G., & Leung, T. Y. (2009). Dividend preference of tradable-share and non-tradable-share holders in Mainland China. Accounting and Finance, vol. 49 (2), pp.291-316. https://doi.org/10.1111/j.1467-629x.2008.00284.x (ABDC: A) 
  • Wang, S. S., Li, W., & Cheng, L. T. W. (2009). The Impact of H-Share Derivatives on the Underlying Equity Market. Review of Quantitative Finance and Accounting, Vol. 32(3), pp.235-267. https://doi.org/10.1007/s11156-008-0094-7 (ABDC: B) 
  • Cheng, L. T. W., Fung, H. G., & Leung, T. Y. (2008). What Drives the Cash Dividend Policy of the Poorly Performing Firms in Hong Kong? Review of Pacific Basin Financial Markets and Policies, vol. 11 (3), pp.347-361. https://doi.org/10.1142/s0219091508001386 (ABDC: B) 
  • Cheng, L. T. W., & Leung, T. Y. (2008). Is There Information Content from Insider Trading Activities Preceding Earnings and Dividend Announcements in Hong Kong? Accounting and Finance, vol. 48 (3), pp.417-437. https://doi.org/10.1111/j.1467-629x.2008.00258.x (ABDC: A) 
  •  Cheng, L. T. W., Fung, H. G. & Tse, Y. (2008). China’s Exchange Traded Fund: Is there a Trading Place Bias? Review of Pacific Basin Financial Markets and Policies, vol. 11 (1), pp.61-74. (ABDC: B) 
  •  Darrat, A. F., Zhong, M., & Cheng, L. T. W. (2007). Intraday Volume and Volatility Relations With and Without Public News. Journal of Banking & Finance, vol. 31 (9), pp.2711-2729. https://doi.org/10.1016/j.jbankfin.2006.11.019 (ABDC: A*) 
  • Chan, K. C., Chen, C. R., & Cheng, L. T. W. (2007). Global Ranking of Accounting Programs and the Elite Effect in Accounting Research. Accounting and Finance, vol. 47, pp.187-220. (ABDC: A) 
  • Cheng, L. T. W., Fung, H. G. & Leung, T. Y. (2007). Information Effects of Dividends: Evidence from the Hong Kong Market. Review of Quantitative Finance and Accounting, vol. 28, pp.23-54. https://doi.org/10.1007/s11156-006-0002-y (ABDC: B) 
  • Cheng, L. T. W., Firth, M., Leung, T. Y., & Rui, O. (2006). The Effects of Insider Trading on Liquidity. Pacific-Basin Finance Journal, vol. 14 (5), pp.467-483. https://doi.org/10.1016/j.pacfin.2006.01.006 (ABDC: A) 
  • Chan, K. C., Chen, C. R., & Cheng, L. T. W. (2006).  A Ranking of Accounting Research Output in the European Region. Accounting and Business Research, vol. 36 (1), pp.3-17. https://doi.org/10.1080/00014788.2006.9730003 (ABDC: A) 
  • Cheng, L. T. W., & Leung, T. Y. (2006).  Revisiting the Corroboration Effects of Earnings and Dividend Announcements. Accounting and Finance, vol. 46(2), pp.221-241. https://doi.org/10.1111/j.1467-629x.2006.00164.x (ABDC: A) 
  • Chan, K. C., Cheng, L. T. W., & Lung, P. P. (2006). Testing the Net Buying Pressure Hypothesis during the Asian Financial Crisis: Evidence from the Hang Seng Index Options. Journal of Financial Research, vol. 29(1), pp.43-62. https://doi.org/10.1111/j.1475-6803.2006.00165.x (ABDC: A) 
  • Chan, K. C., Cheng, L. T. W., & Lung, P. P. (2005).  Asymmetric Volatility and Trading Activity in Index Futures Options.  Financial Review, vol. 40(3), pp. 381-407. https://doi.org/10.1111/j.1540-6288.2005.00107.x (ABDC: A) 
  • Cheng, L. T. W., Chan, K. C., & Mak, B. S. C. (2005).  Strategic Share Allocation and Underpricings of IPOs in Hong Kong. International Business Review, vol. 14 (1), pp.41-59. https://doi.org/10.1016/j.ibusrev.2004.12.002 (ABDC: A) 
  • Cheng, L. T. W., Szeto, R. W. F., & Leung, T. Y. (2005). Insider Trading Activities Before the Simultaneous Announcements of Earnings and Dividends. Review of Pacific Basin Financial Markets and Policies, vol. 8 (2), pp.279-307. https://doi.org/10.1142/s0219091505000385 (ABDC: B) 
  • Chan, K. C., Chen, C. R., & Cheng, L. T. W. (2005).  Ranking Research Productivity in Accounting for Asia-Pacific Universities. Review of Quantitative Finance and Accounting, vol. 24, pp.47-64. https://doi.org/10.1007/s11156-005-5326-5 (ABDC: B) 
  • Chen, G., Cheng, L. T. W., & Gao, N. (2005). Information Content and Timing of Earnings Announcements. Journal of Business Finance and Accounting, vol. 32 (1-2), pp. 65-95. https://doi.org/10.1111/j.0306-686x.2005.00588.x (ABDC: A*) 
  • Chan, K. C., Cheng, L. T. W., & Lung, P. P. (2004).  Net Buying Pressure, Volatility Smile, and Abnormal Profit of Hang Seng Index Options. The Journal of Futures Markets, vol. 24 (12), pp. 1165-1194. https://doi.org/10.1002/fut.20134 (ABDC: A) 
  • Cheng, L. T. W., Jiang, L., & Ng, R. W. Y. (2004). Information Content of Extended Trading for Index Futures. The Journal of Futures Markets, vol. 24 (9), pp.861-886. https://doi.org/10.1002/fut.20110 (ABDC: A) 
  • Cheng, L. T. W., & Leung, T. Y. (2004). A Comparative Analysis of Market-based and Accounting-based Performance of Diversifying and Non-diversifying Acquisitions in Hong Kong. International Business Review, vol. 13 (6), pp.763-789. https://doi.org/10.1016/j.ibusrev.2004.09.003 (ABDC: A) 
  • Fung, J. K. W., Cheng, L. T. W., & Chan, K. C. (2004). The Impact of the Costs of Subscription on Measured IPO Returns: the Case of Asia. Journal of Corporate Finance, vol. 10 (3), pp.459-465. https://doi.org/10.1016/j.jcorpfin.2003.08.002 (ABDC: A*)
  • Chan, Y. C., & Cheng, L. T. W. (2003). Asset Allocation and Selectivity of Asian Mutual Funds During Financial Crisis. Review of Quantitative Finance and Accounting, vol. 21, pp.233-250. https://doi.org/10.1023/A:1027332313989 (ABDC: B)
  • Chan, K. C., Cheng, L. T. W., & Lung, P. P. (2003).  Moneyness and the Response of Implied Volatilities to Price Changes: The Empirical Evidence from HSI Options. Pacific-Basin Finance Journal, vol. 11 (4), pp.527-553. https://doi.org/10.1016/s0927-538x(03)00053-2(ABDC: A)
  • Cheng, L. T. W., Chan, K. C., & Chan, R. Y. K. (2003).  Publications in Major Marketing Journals: An Analysis of Research Productivity of Asia-Pacific Universities. Journal of Marketing Education, vol. 25 (2), pp.163-176. https://doi.org/10.1177/0273475303254023 (ABDC: B)
  • Cheng, L. T. W., & White, J. (2003). Measuring Pricing Inefficiencies Under Stressful Market Conditions. Journal of Business Finance and Accounting, vol. 30 (3-4), pp.383-411. https://doi.org/10.1111/1468-5957.t01-1-00002 (ABDC: A*)
  • Chan, R. Y. K., Cheng, L. T. W., & Szeto, R. W. F. (2002). The Dynamics of Guanxi and Ethics for Chinese Executives. Journal of Business Ethics, vol. 41 (4), pp.327-336. https://doi.org/10.1023/A:1021230831161 (FT50)
  • Meschi, P. X., & Cheng, L. T. W. (2002). Stock Price Reactions to Sino-European Joint Ventures. Journal of World Business, vol.  37 (2), pp.119-126. https://doi.org/10.1016/s1090-9516(02)00071-8 (ABDC: A*)
  • Jiang, L., Fung, J. K. W., & Cheng, L. T. W. (2001).  The Lead-lag Relation Between Spot and Futures Markets Under Different Short-Selling Regimes. Financial Review, vol. 38, pp.63-88. https://doi.org/10.1111/j.1540-6288.2001.tb00020.x (ABDC: A)
  • Cheng, L. T. W., Fung, J. K. W., & Chan, K. C. (2000). Pricing Dynamics of Index Options and Index Futures in Hong Kong Before and During the Asian Financial Crisis. The Journal of Futures Markets, vol. 20 (2), pp.145-166. https://doi.org/10.1002/(SICI)1096-9934(200002)20:2<145::AID-FUT3>3.0.CO;2-G (ABDC: A) 
  • Cheng, L. T. W., Pi, L. K., & Wort, D. (1999). Are There Hot Hands Among Mutual Fund Houses in Hong Kong? Journal of Business Finance and Accounting, vol. 26 (1-2), pp.103-135. https://doi.org/10.1111/1468-5957.00250 (ABDC: A*) 
  • Cheng, L. T. W., Fung, J. K. W., & Pang, C. (1998). Early Unwinding Strategy in Index Options-Futures Arbitrage. The Journal of Financial Research, vol. 21 (4), pp.447-467. https://doi.org/10.1111/j.1475-6803.1998.tb00697.x (ABDC: A) 
  • Cheng, L. T. W., Fung, J. K. W., & Lam, K. (1998). An examination of the Determinants of Stock Price Effects of US-Chinese Joint Venture Announcements. International Business Review, vol. 7 (2), pp.151-161. https://doi.org/10.1016/S0969-5931(98)00003-1 (ABDC: A) 
  • Kao, G. W., Cheng, L. T. W., & Chan, K. C. (1998). International Mutual Fund Selectivity and Market Timing During Up and Down Market Conditions. Financial Review, vol. 33 (2), pp.127-144. https://doi.org/10.1111/j.1540-6288.1998.tb01373.x (ABDC: A) 
  • Fung, J. K. W., Cheng, L. T. W., & Chan, K. C. (1997). The Intraday Pricing Efficiency of Hong Kong Hang Seng Index Options and Futures Markets. Journal of Futures Markets, vol. 17 (7), pp.797-815. https://doi.org/10.1002/(SICI)1096-9934(199710)17:7<797::AID-FUT4>3.0.CO;2-I  (ABDC: A) 
  • Chan, K. C., Cheng, L. T. W., & Pan, M. S. (1997). Market Efficiency and Cointegration: Some Evidence in Pacific-Basin Black Exchange Markets. Journal of Economics and Finance, vol. 21, pp.25-31. https://doi.org/10.1007/bf02929019 (ABDC: B) 
  • Davidson III, W. N., & Cheng, L. T. W. (1997). Target Firm Returns: Does the Form of Payment Affect Abnormal Returns? Journal of Business Finance and Accounting, vol. 24 (3), pp.465-479. https://doi.org/10.1111/1468-5957.00115 (ABDC: A*) 
  • Cheng, L. T. W., & McDonald, J. E. (1996). Industry Structure and Ripple Effects of Bankruptcy Announcements. Financial Review, vol. 31 (4), pp.783-807. https://doi.org/10.1111/j.1540-6288.1996.tb00897.x (ABDC: A) 
  • Cheng, L. T. W., & Chan, K. C. (1995). A Comparative Analysis of the Characteristics of International Takeovers. Journal of Business Finance and Accounting, vol. 22 (5), pp.637-657. https://doi.org/10.1111/j.1468-5957.1995.tb00380.x (ABDC: A*) 
  • Davidson III, W. N., Worrell, D., & Cheng, L. T. W. (1994). The Effectiveness of OSHA Penalties: A Stock Market-Based Test. Industrial Relations, vol. 33 (3), pp.283-296. https://doi.org/10.1111/j.1468-232X.1994.tb00341.x (ABDC: B) 
  • Davidson III, W. N., & Cheng, L. T. W. (1994). Unit Management Buyouts, Stockholders wealth, and Selling Firms’ Characteristics. Journal of Business Finance and Accounting, vol. 21(4), pp.563-576. https://doi.org/10.1111/j.1468-5957.1994.tb00336.x (ABDC: A*) 
  • Cheng, L. T. W., & Davidson III, W. N. (1993).  Reinterpretation of the Shareholder Gains in Selloff Transactions. Journal of Business Finance and Accounting, vol. 20 (4), pp.599-611. https://doi.org/10.1111/j.1468-5957.1993.tb00278.x  (ABDC: A*) 
  • Davidson, W. N., Worrell, D. L., & Cheng, L. T. W. (1990). Key Executive Succession and Stockholder Wealth: The Influence of Successor’s Origin, Position, and Age. Journal of Management, 16(3), pp.647-664. https://doi.org/10.1177/014920639001600309  (FT50) 
  • Davidson, W. N. III, Dutia, D., & Cheng, L. T. W. (1989). A Re-Examination of the Market Reaction to Failed Mergers. Journal of Finance, Vol. 44 (4), pp.1077-1083. https://doi.org/10.2307/2328626  (UTD) 

 

Non-Referred Publications (Selective):

  • Broadstock, D. C., Cheng, L. T. W., & Poon, J. S. C. (2021). Fintech unicorns. The Palgrave Handbook of FinTech and Blockchain (pp. 109–170). https://doi.org/10.1007/978-3-030-66433-6_6 
  • Broadstock, D. C., Cheng, L. T. W., & Wang, T. (2020). Understanding green bond challenges: A stakeholder’s perspective. Green Finance, Sustainable Development and the Belt and Road Initiative (1st ed.). Routledge. https://doi.org/10.4324/9781003021667-8 
  • Cheng, L. T. W. (2015). Financial Management (2nd ed.). Pearson. 
  • Cheng, L. T. W. (2014). Basics of Personal Financial Management (2nd ed.). Pearson. 
  • Cheng, L. T. W. ,Leung, T. Y., & Wong, Y. H. (2009). Financial planning and wealth management: an international perspective. McGraw-Hill. 

Research Grants and Awards

  • Project coordinator, Innovation and Technology Fund, Funding: $1,212,600 (ITF Funding Sought $1,073,600 + Sponsorship $139,000), Title: Fostering Big Data Applications and Innovation to Reflect Corporate ESG Performance through Media and Social Listening, HSUHK, 2023 – 2024 Aug
  • Team Leader, RGC Institutional Development Scheme (IDS) grant, Funding: $4,095,000, Title: Establishing a Research Infrastructure for ESG Intelligence: A Multi-Stakeholder Perspective, HSUHK, 2022-2025 June.
  • PI, Donation grant from The S. H. Ho Foundation Ltd, Funding: $1,577,883, Title: Overcoming Challenges of Banking Services for the Next Decade: Sustainable Lending and Digital Banking, HSUHK, 2021-2023. Received UGC Marching Grant Scheme with amount $1,341,200.
  • Faculty Award for Outstanding Performance (Teaching) in 2018/2019 at The Hong Kong Polytechnic University
  • PI, CEDB PASS Grant, PT: $1,018,490, Title: Educating Accounting Professionals on How to Adopt Green Finance in Capital Projects, PolyU, 2019-2021

Business and Professional Engagement

Highlights

  • Member of the Hospital Governing Committee of Ruttonjee & Tang Shiu Kin Hospitals, April 2023 – March 2026.
  • Member of the Assessment Panel for Competitive Research Funding Schemes for the Local Self-financing Degree Sector (SF sector) under the Research Grants Council, March 2022 – February 2026.
  • Member of the Investment Committee of the Hospital Authority Provident Fund Scheme, November 2016 – November 2022.
  • Chairman of the Advisory Board of Hong Kong Investor Relations Association (HKIRA), 2016 – present.
  • Member of the Examination Board of the Institute of Financial Planners of Hong Kong (IFPHK), 2006 – present.

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  • D751, 7/F, School of Business,
    Lee Quo Wei Academic Building, Yuen Campus,
    The Hang Seng University of Hong Kong,
    Hang Shin Link, Siu Lek Yuen,
    Shatin, New Territories
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