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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

Postgraduate

Full-spectrum of programmes instill industry experience and academic knowledge to equip our students for future
challenges

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

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Postgraduate

Full-spectrum of programmes instill industry experience and academic knowledge to equip our students for future
challenges

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

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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

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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

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Alumni Services

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

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Mentorship Programme

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

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Career Development

Connect you to the talent pool of elite business students

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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

Highlights

Thought Leadership

Conference on the Future of the Hong Kong Economy 2024Conference on the Future of the Hong Kong Economy 2024
The conference will cover a variety of critical issues relating to economic development and government policies in HK. It will also explore approaches with experts in the business and community sectors on how to reposition the local economy, uncover economic opportunities, and develop youth and talent in light of global challenges and geopolitical tensions. We are honoured to have Nobel Laureate Prof. Joseph Stiglitz as our keynote speaker.
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Growing user base in the early stage of sharing economy platforms: An integration of competitive repertoire and institutional legitimacy theoriesGrowing user base in the early stage of sharing economy platforms: An integration of competitive repertoire and institutional legitimacy theories
Latest Research Publications
Prof. Yulin FANG
Sharing economy platforms are pressed to rapidly grow user bases at the early stage by aggressively targeting potential users through competitive actions. Due to the volatile nature of the sharing economy and its disruption to industry norms, these platforms encounter legitimacy challenges that impede user base growth. This paper integrates competitive repertoire and institutional legitimacy theories to develop a research model that explains early-stage user base development in the sharing economy. We posit that the early-stage user base is associated with structural characteristics of the competitive repertoire, whose effects are moderated by a platform's socio-political legitimation efforts that address stakeholders’ regulatory and normative concerns. Using a comprehensive sample of 4644 monthly observations of 129 sharing economy platforms in China, we find that the volume of two context-specific competitive actions, offering economic incentives and staging high-visibility events, along with competitive repertoire complexity, are positively related to the platform's early-stage user base. We also identify a significant negative relationship between repertoire differentiation and user base. Direct relationships are moderated by socio-political legitimation, however, such that legitimation weakens the positive impact of context-specific action volume but enhances those of repertoire complexity and differentiation. Managerial and practical implications are discussed in light of the findings.
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Minimum Wage and Corporate Investment: Evidence from Manufacturing Firms in ChinaMinimum Wage and Corporate Investment: Evidence from Manufacturing Firms in China
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.
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No-Fly Zone in the Loan Office: How Chief Executive Officers’ Risky Hobbies Affect Credit Stakeholders’ Evaluation of FirmsNo-Fly Zone in the Loan Office: How Chief Executive Officers’ Risky Hobbies Affect Credit Stakeholders’ Evaluation of Firms
Latest Research Publications
Prof. 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.
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Do Index Funds Monitor?Do Index Funds Monitor?
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.
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HKU Business School Launches Inaugural Quarterly Forum on Chinese Economy Discusses Pressing Challenges Facing Chinese Economy in New Perspectives
HKU Business School Launches Inaugural Quarterly Forum on Chinese Economy Discusses Pressing Challenges Facing Chinese Economy in New PerspectivesHKU Business School Launches Inaugural Quarterly Forum on Chinese Economy Discusses Pressing Challenges Facing Chinese Economy in New Perspectives
Conference on the Future of the Hong Kong Economy 2024
Conference on the Future of the Hong Kong Economy 2024Conference on the Future of the Hong Kong Economy 2024
Concrete Economics: starting from Hirschman’s Exit, Voice, and Loyalty
Prof. Jin LI
Concrete Economics: starting from Hirschman’s Exit, Voice, and LoyaltyConcrete Economics: starting from Hirschman’s Exit, Voice, and Loyalty
Redefining Hong Kong’s Role as a Super Connector through Headquarters Economy
Prof. Heiwai TANG
Redefining Hong Kong’s Role as a Super Connector through Headquarters EconomyRedefining Hong Kong’s Role as a Super Connector through Headquarters Economy
Why is pork so expensive in Hong Kong?
Prof. Wen ZHOU
Why is pork so expensive in Hong Kong?Why is pork so expensive in Hong Kong?
Growing user base in the early stage of sharing economy platforms: An integration of competitive repertoire and institutional legitimacy theories
Prof. Yulin FANG
Growing user base in the early stage of sharing economy platforms: An integration of competitive repertoire and institutional legitimacy theoriesGrowing user base in the early stage of sharing economy platforms: An integration of competitive repertoire and institutional legitimacy theories
Minimum Wage and Corporate Investment: Evidence from Manufacturing Firms in China
Prof. Chen LIN
Minimum Wage and Corporate Investment: Evidence from Manufacturing Firms in ChinaMinimum Wage and Corporate Investment: Evidence from Manufacturing Firms in China
No-Fly Zone in the Loan Office: How Chief Executive Officers’ Risky Hobbies Affect Credit Stakeholders’ Evaluation of Firms
Prof. Yi TANG
No-Fly Zone in the Loan Office: How Chief Executive Officers’ Risky Hobbies Affect Credit Stakeholders’ Evaluation of FirmsNo-Fly Zone in the Loan Office: How Chief Executive Officers’ Risky Hobbies Affect Credit Stakeholders’ Evaluation of Firms
Do Index Funds Monitor?
Do Index Funds Monitor?Do Index Funds Monitor?

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