HSUHK | EN | A A A
  • Faculty Members Directory

    Professor Louis CHENG

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

    Dr S H Ho Professor of Banking and Finance
    Director of the Research Institute for Business
    Department of Economics and Finance
    Office: D728

    Tel : (852) 3963 5029
    Email : louischeng@hsu.edu.hk

    Biography

    Professor Cheng is a Dr. S H Ho Professor of Banking and Finance at the Hang Seng University of Hong Kong. He is a member of the Investment Committee of the Hospital Authority Provident Fund Scheme in which he leads the effort in promoting ESG integration. Professor Cheng actively engages in ESG and green finance research. In addition to publishing an article and a chapter on Green Bond, he received a grant from Commerce and Economic Development Bureau, HKSAR Government with a project cost of over HKD 1mil to conduct ESG training for accountants. He was a member of the Business Studies Panel (Joint Research Schemes) for the Research Grants Council (RGC). He served as a member of the Solicitors Disciplinary Tribunal Panel, Council member and a Trustee of the Pension Fund of The Hong Kong Polytechnic University. He is currently a member of the Examination Board of The Institute of Financial Planners of Hong Kong (IFPHK). Professor 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 more than 90 articles published in research journals including the Journal of Finance. Professor 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. Professor Cheng served as a project consultant for various organizations including 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, Investments, Risk Management, Financial Planning
    • Research: ESG and Green Finance, Mutual Funds, Mergers and Acquisitions, International Joint-Ventures, IPOs

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

    Publications (Past 2 years):
    • “Exploring the dark side of third-party certification effect in B2B relationships: A professional financial services perspective”, Louis T.W. Cheng, Piyush Sharma, Jianfu Shen and Allen C. C. Ng, Journal of Business Research, vol. 127, April 2021, pp.123-136.
    • “Equity ownership and corporate transparency: International evidence”, Louis T.W. Cheng and Jacqueline Wenjie Wang, International Review of Economics & Finance, March 2021, doi: https://doi.org/10.1016/j.iref.2021.03.005.
    • “The role of ESG performance during times of financial crisis: Evidence from COVID-19 in China”, Louis T.W. Cheng, David C. Broadstock, Kalok Chan and Xiaowei Wang, Finance Research Letters, 38, January 2021, 101716.
    • “Impact of Political Connections on Chinese Export Firms’ Performance – Lessons for Other Emerging Markets”, Piyush Sharma, Louis T.W. Cheng and T.Y. Leung, Journal of Business Research, vol. 106, January 2020, pp.24-34.
    • “The impact of diversity, prior academic achievement and goal orientation on learning performance in group capstone projects”, Louis T.W. Cheng, A. Armatas, and Jacqueline Wenjie Wang, Higher Education Research & Development, vol. 39 (5), 2020, pp.913-925.
    • “The Signaling Cost of Hiring a Large Auditor: Evidence from the Fee Differential between Large and Small Auditors”, Michael K. Fung, Louis T.W. Cheng and T. Y. Leung, International Journal of Monetary Economics and Finance, vol. 12, July 2019, pp.196-211.
    Non-Refereed Publications (Selective):
    • A book chapter titled “Fintech Unicorns” in The Palgrave Handbook of Fintech and Blockchain, co-authored with David Broadstock and Jack Poon, Palgrave, forthcoming, 2020.
    • A book chapter titled “Understanding Green Bond Challenges: A Stakeholders’ Perspective” Green Finance, Sustainable Development and The Belt and Road Initiative, co-authored with David Broadstock and Tiantian Wang, Routledge, 2020.
    • Financial Management, 2ed, Louis Cheng, Pearson, 2015.
    • Basics of Personal Financial Management, 2ed, Louis Cheng, Pearson, 2014.
    • Financial Planning and Wealth Management: An International Perspective, co-authored with Yan Leung and Y.H. Wong, McGraw-hill, 2009.
    Paper Presentations (Past 2 years):
    • “The role of ESG performance during times of financial crisis: Evidence from COVID-19 in China”, Louis T.W. Cheng, David C. Broadstock, Kalok Chan, and Xiaowei Wang, PRI Academic Week, October 5, 2020 (online presentation).
    • “Controlling Shareholder’s Stock Pledge, Agency Problem and Corporate Acquisitions.”, Siyuan Yan, Xiaoxu Ling, and Louis T.W. Cheng, AAA 2020 Annual Meeting, August 12, 2020 (online presentation).
    • “Controlling Shareholder’s Stock Pledge, Agency Problem and Bad Acquisitions”, Siyuan Yan, Xiaoxu Ling, and Louis T.W. Cheng, AAA 2020 Mid-Atlantic Region Meeting, May 7, 2020 (online presentation).
    • “Underwriter Efforts, Marketing Effects, and Financial Performance of Chinese IPOs”, Siyuan Yan and Louis T.W. Cheng accepted for presentation at American Marketing Association (AMA) Academic Winter Conference 2020, San Diego, USA, February 2020.
    • “Does Work-integrated Education (WIE) enhance learning outcomes for participants in group capstone projects?”, Louis T.W. Cheng, Jacqueline Wenjie Wang and C.A. Armatas presented at The Asian Conference on Education (ACE) 2019, Tokyo, Japan, October 2019.

    Research Grants and Awards

    • 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 (including membership)

    Highlights:
    • Member of the Investment Committee of the Hospital Authority Provident Fund Scheme
    • Chairman of the Advisory Board of Hong Kong Investor Relations Association (HKIRA)
    • Member of the Examination Board of the Institute of Financial Planners of Hong Kong (IFPHK)

    Address

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

    Contact Us

    Tel : (852) 3963 5551
    Email : sbus@hsu.edu.hk
    Facebook : @sbus.hsuhk.edu.hk

    Log In

    Create an account