Dr Kaz KWOK

Associate Head and Associate Professor
Department of Economics and Finance

Associate Master
S H Ho Wellness College

  • D726
  • (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 Head of the Department of Economics and Finance at The Hang Seng University of Hong Kong (HSUHK). He holds a PhD in Finance and a Bachelor of Commerce (First‑Class Honours) from Monash University. His research focuses on corporate finance and cost structure. He has taught a range of 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

  • Chang, X., Kwok, W., Li, T., Wong, G., Yao, J., 2025. How do misvalued firms deploy internal cash flow? Journal of Business Finance and Accounting, Forthcoming. https://doi.org/10.1111/jbfa.70042 (ABDC: A*)
  • 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*)

Research Grants and Awards

  • Principal Investigator. (2022). How do companies adapt to extreme weather? Evidence from corporate uses of internal cash flow. Faculty Development Scheme (FDS), Research Grants Council (RGC).
  • Co-Investigator. (2025). Production technology and cost behavior of modern corporations. General Research Fund (GRF), Research Grants Council (RGC).