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Undergraduate
A wide array of study choices from accounting, economics, finance, innovation and information management, to strategy and management and marketing

Executive Education
Specialise in providing training programmes to senior and top executives to inculcate cutting-edge knowledge so as to drive change, lead and strategize in their organisations

Undergraduate
A wide array of study choices from accounting, economics, finance, innovation and information management, to strategy and management and marketing

Executive Education
Specialise in providing training programmes to senior and top executives to inculcate cutting-edge knowledge so as to drive change, lead and strategize in their organisations

Undergraduate
Get to know more about your programme, the services and the extraordinary experience that we offer

Postgraduate
Get to know more about your programme, the services and the extraordinary experience that we offer

Career Development
Check and find out what HKU Business School can assist you in pursuing your dream job

Giving to the School
Contributions from alumni and friends are essential to the advancement of the school. It supports our teaching, research, and other learning initiatives

Alumni Services
Build the new connections within the alumni community and explore resources and collaboration opportunities

Mentorship Programme
Nurture the next generation of business leaders by providing career advice and sharing your valuable experiences to undergraduate students

Career Development
Connect you to the talent pool of elite business students

Corporate Collaboration
Committed to collaborating with the corporate community in different ways

Executive Education
Specialise in providing training programmes to senior and top executives to inculcate cutting-edge knowledge so as to drive change, lead and strategize in their organisations
Thought Leadership
HKEJ Column
Dr. Chi Pui HO
作為香港特區四大支柱產業之一,旅遊業是帶動經濟增長、創造就業機會的一大原動力。歷經2019年社會事件及2020年起新冠疫情肆虐,本地旅遊業備受重擊。隨着疫情放緩,社會活動復常,政府於今年2月啟動「你好,香港!」大型推廣活動,送出50萬張機票,在景點提供特別優惠,並進行全球宣傳活動,以吸引旅客訪港。
Global Scholars
Dr. Tingting FAN
Born with a curious mind, Dr. Tingting Fan craves to explore and explain human behaviours with scientific models. Joining us in December 2021, she is a Senior Lecturer in Marketing.
Latest Research Publications
Prof. Z. Max SHEN
Accessibility of Electric Vehicle (EV) charging stations is an important factor for adoption of EV, which is an effective green technology for reducing carbon emissions. Recognizing this, many governments are contemplating ideas for achieving EV adoption targets, such as constructing extra EV charging stations directly or offering subsidies to entice automakers to construct more EV charging stations. To achieve these targets, governments need to coordinate with automakers to ensure that the total number of charging stations is planned optimally. We study this coordination problem by considering the interactions among the government, automakers, and consumers, our equilibrium analysis yields three major results. First, both the government and the automaker should build extra EV charging stations when their construction costs are independent. Simultaneously, the government should offer a per-station subsidy to the automaker only when the adoption target and the construction cost are both high. However, when the construction costs are dependent, the government should delegate the construction to the automaker by offering a per-station subsidy. Second, when the government considers consumer purchase subsidy as an extra lever, we find that the purchase subsidy for consumers is more cost-effective than offering a per-station subsidy to the automaker. Third, the structure of the optimal government policy remains the same regardless of whether the government's goal is to improve EV adoption or consumer welfare. Our results can serve as guidelines for governments when contemplating coordination with automakers for the construction of EV charging stations to improve EV adoption as well as consumer welfare further.
Latest Research Publications
Prof. Chen LIN
This paper studies how minimum wage policies affect capital investment using the industrial census of manufacturing firms in China, where minimum wage policies vary across counties. Exploiting minimum wage policy discontinuities at county borders, we find that minimum wages increase capital investment. The investment response to minimum wages is stronger for firms that are labor-intensive, that have more room for technological improvement, and that cannot sufficiently pass on labor costs to consumers. A natural experiment based on county jurisdictional changes further assures the causal relationship.
Latest Research Publications
Dr. Yi TANG
The extant research has often examined the work-related experiences of corporate executives, but their off-the-job activities could be just as insightful. This study employs a novel proxy for the risky hobbies of chief executive officers (CEOs)—CEOs’ hobby of piloting a private aircraft—and investigates its effect on credit stakeholders’ evaluation of the firms led by the CEOs as reflected in bank loan contracting. Using a longitudinal data set on CEOs of large United States-listed firms across multiple industries between 1993 and 2010, we obtain strong evidence that bank loans to firms steered by CEOs who fly private jets as a hobby tend to incur a higher cost of debt, to be secured, to have more covenants, and to be syndicated. These effects are mainly driven by banks, which perceive such firms as having a higher default risk. These relationships become stronger when the CEO is more important to the firm and/or can exercise stronger control over decision making. Supplemented by field interviews, our results are also robust to various endogeneity checks using different experimental designs, the Heckman two-stage model, a propensity score-matching approach, a difference-in-differences test, and the impact threshold of confounding variables.
Latest Research Publications
Passively managed index funds now hold over 30% of U.S. equity fund assets; this shift raises fundamental questions about monitoring and governance. We show that, relative to active funds, index funds are less effective monitors: (a) they are less likely to vote against firm management on contentious governance issues; (b) there is no evidence they engage effectively publicly or privately; and (c) they promote less board independence and worse pay-performance sensitivity at their portfolio companies. Overall, the rise of index funds decreases the alignment of incentives between beneficial owners and firm management and shifts control from investors to managers.
Research Insights
Dr. Sangyoon PARK
Dr Sangwoon Park’s study takes a scientific look at what makes friendships at work tick and how these friendships affect productivity in the workplace. His findings reveal that worker productivity declines when friends socialize at work, but that, surprisingly, people are also willing to “pay” almost 5% of their wages to work near a friend – suggesting that friends who work together get more out of their jobs than just money.
Latest Research Publications
Dr. Zigan WANG
We use staggered share repurchases legalization from 1985 to 2010 across the world to examine its impact on corporate behaviors. We find that share-repurchasing firms do not cut dividends as a substitution. The cash for repurchasing shares comes more from internal cash than external debt issuance, leading to reductions in capital expenditures and R&D expenses. While this strategy boosts stock prices, it results in lower long-run Tobin's Q, profitability, growth, and innovation, accompanied by lower insider ownership. Tax benefits and paying out temporary earnings are two primary reasons that firms repurchase.
HKEJ Column
Prof. Zhigang TAO
過去兩年來,香港經歷了內外環境巨變。社會運動影響下,本港經濟持續低迷,加上中美貿易談判曲折、新冠肺炎疫情衝擊 、世界經濟下行,無疑令本地困局雪上加霜。失業人數不斷攀升,青年失業率更遠高於其他年齡組別。若要走出逆境,年輕一代需要多元發展,而粵港澳大灣區建設正好為他們開闢一條發展的新跑道。
In the Media
Prof. Hongbin CAI
Prof. Hongbin Cai, Dean of HKU Business School was interviewed by Master Insight on how dominant of Hong Kong tertiary Institutions among the global critical situation.
Latest Research Publications
Prof. Haipeng SHEN
Estimating the hazard function of customer patience time has become a necessary component of effective operational planning such as workforce staffing and scheduling in call centers. When customers get served, their patience times are right-censored. In addition, the exact event times in call centers are sometimes unobserved and naturally binned into time intervals, due to the design of data collection systems. We develop a TunT (Transform-unTransform) estimator that turns the difficult problem of nonparametric hazard function estimation into a regression problem on binned and right-censored data. Our approach starts with binning event times and transforming event count data with a mean-matching transformation, which enables a simpler characterization of the heteroscedastic variance function. A nonparametric regression technique is then applied to the transformed data. Finally, the estimated regression function is back-transformed to yield an estimator for the original hazard function. The proposed estimation procedure is illustrated using call center data to reveal interesting customer patience behavior, and health insurance plan trial data to compare the effect between treatment and control groups. The numerical study shows that our approach yields more accurate estimates and better staffing decisions than existing methods.
HKEJ ColumnIn the Media
Dr. Stephen Y CHIU
近日最矚目的國際新聞,莫過於特朗普總統頒布行政命令,限制美國國民和企業在45天後停止與TikTok和騰訊微信的交易。此前國務卿蓬佩奧已提出了對中國的「清潔網絡」行動。
Latest Research Publications
Dr. Jian ZHANG
Using a comprehensive sample of credit card data from a leading Chinese bank, we show that government bureaucrats receive 16% higher credit lines than non-bureaucrats with similar income and demographics, but their accounts experience a significantly higher likelihood of delinquency and debt forgiveness. Regions associated with greater credit provision to bureaucrats open more branches and receive more deposits from the local government. After staggered corruption crackdowns of provincial-level political officials, the new credit cards originated to bureaucrats in exposed regions do not enjoy a credit line premium, and bureaucrats’ delinquency and reinstatement rates are similar to those of non-bureaucrats.
Impact Stories
Prof. Yuk-fai FONG, Prof. Jin LI
Our Stories
An Interdisciplinary Approach to Digital Innovation & Transformation
Professor Yulin FANG, Professor in Innovation and Information Management
Professor Yulin Fang is a seasoned scholar, professional case writer, veteran IT consultant, and editor for several internationally renowned journals. Seeing HKU Business School as a supernova in the academic landscape, Professor Fang is keen to contribute his intellectual might on digital innovation and transformation to our School’s journey of excellence. Having joined us in September 2021, Professor Fang is leading our School’s newly formed research centre, the Institute of Digital Economy and Innovation (IDEI).
Thriving at the Forefront of Information Technologies
Dr. Zhepeng LI, Associate Professor in Innovation and Information Management.
Aspired to make a difference than making a fortune, Dr. Zhepeng Li is dedicated to propel the development of information systems and machine learning technologies as well as finding opportunities to apply his inventions in real life. Believing that the state-of-the-art research facilities and the excellent academic atmosphere of HKU Business School can enable him to soar higher, Dr. Li joined us in July 2021 as an Associate Professor in Innovation and Information Management.
Studying efficient provision of accounting information
Dr. Keri Peicong HU, Assistant Professor in Accounting
Influenced by erudite mentors she met in her early academic years, Dr. Peicong Hu is dedicated to upholding public interests and investor’s welfare with impactful research. After completing her doctoral studies in June 2021, Dr. Hu officially joined us in July as an Assistant Professor in Accounting.
The Gardener of Local Data Talent
Dr. Weichen WANG, Assistant Professor in Innovation and Information Management
The coronavirus pandemic has interrupted the lives of many, but a lucky few is bestowed with the serendipity to rethink on their life choice. Taking this opportunity to soul search, Dr. Weichen Wang has decided to follow his heart and restarted his academic journey. Joining us in July 2021, Dr. Wang is as an Assistant Professor in Innovation and Information Management.
Learning to Coordinate in Firms’ Behaviours
Dr. Jasmine Yu HAO, Assistant Professor in Economics
Fascinated by the idea of exploring the frontiers of human knowledge with quantitative methodologies, Dr. Yu has officially joined us at July 2021 as an Assistant Professor in Economics after completing her doctoral studies.
To Imagine the Future of Digital Currencies
Dr. Yang You, Assistant Professor in Finance
Fascinated by the unpredictable financial world, Dr. Yang YOU seeks to give form to intangible phenomena with scientific methodologies. Devoted to spend his lifetime probing at the frontiers of human knowledge, Dr. You has officially joined us in July 2021 as an Assistant Professor in Finance.
From Quantum Physics to Quantitative Marketing
Dr. Chu (Ivy) Dang, Assistant Professor in Marketing
Born with a desire to explore the unknown, Dr. Ivy Dang aspires to create positive impact to the world via knowledge creation. Starting off as a science major in Applied Physics and spending two years studying Quantum Physics at PhD level, Dr. Dang had eventually realised that her true interest lies in quantitative marketing. Dedicated to apply the quantitative reasoning and problem-solving skills from natural science to business studies, Dr. Dang has officially joined us on February 2020 as an Assistant Professor in Marketing.
The Destination of a Decade Long Marketing Journey
Dr. Peng Zhang, Assistant Professor in Marketing
Disembarking at HKU Business School after his decade long odyssey in the private sector, Dr. Zhang seeks to explore the unattended questions ignored by marketers. At July 2021, Dr. Zhang has officially joined us as an Assistant Professor in Marketing.
Dive deep and touch the bedrock of business
Dr. Ka Chung Travis Chow, Assistant Professor in Accounting
I am thrilled to be back and am looking forward to the opportunities to contribute to the HKU community in a variety of meaningful ways, including knowledge creation and talent grooming.
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