Shenzhen Campus
The University of Hong Kong
in Vietnam
Discover about the School
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
In the Media
Dr. Yifei ZHANG
Intensifying extreme weather driven by global warming has severe socioeconomic impacts. In March 2024, the U.S. implemented nationwide climate disclosure rules for listed firms and in 2023 Hong Kong also strengthened oversight for transparency. While disclosures offer companies long-term benefits like reputational gains and risk mitigation, they incur costs and data leak risks.
Read MoreIn the Media
Dr. Stephen Y CHIU
When economists conduct research on certain topics, they often face challenges in collecting data from real-life situations, that meet the ideal conditions of a randomised controlled experiment. However, if randomised controlled groups exist in real-world scenarios, they would present valuable opportunities for study. Many hypotheses, such as the idea that intellectual property laws boost the opera industry can be proved in such analysis.
Read MoreHKEJ Column
Prof. Heiwai TANG
Developing Headquarters Economy brings in new industries and high value-added economic activities, along with diverse talent and investments. Hong Kong has a robust legal system and business environment, and it serves as an important gateway for China, a market with a population of 1.4 billion, to access the global market. However, there are only 1,336 corporate headquarters, which is just 30% of Singapore's figure.
Read MoreThe 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.
Read MoreLatest 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.
Read MoreLatest 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.
Read MoreLatest 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.
Read MoreLatest 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.
Read MoreThe Development of Climate-related Risk Disclosure Reaches a New Milestone
Dr. Yifei ZHANG
Insights from Studies on Italian Opera, Policing, and the Slave Trade
Dr. Stephen Y CHIU
Revamping Hong Kong’s Headquarters Economy Strategy
Prof. Heiwai TANG
HKU 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
Growing user base in the early stage of sharing economy platforms: An integration of competitive repertoire and institutional legitimacy theories
Prof. Yulin FANG
Minimum Wage and Corporate Investment: Evidence from Manufacturing Firms in China
Prof. Chen LIN
No-Fly Zone in the Loan Office: How Chief Executive Officers’ Risky Hobbies Affect Credit Stakeholders’ Evaluation of Firms
Prof. Yi TANG
Do Index Funds Monitor?
Our Stories
Exploring Sustainability in Finance: Professor Roni Michaely’s Quest to Combat Climate Change
Professor Roni Michaely, Professor in Finance and Entrepreneurship
Driven by a willingness to cope with challenges and a curious mind, Professor Roni Michaely chose to become a scholar and is currently, a professor of Finance and Entrepreneurship at The University of Hong Kong.
Embracing Curiosity and Learning: Dr. Jie Gong’s Journey as an Economist and Scholar
Dr. Jie Gong, Associate Professor in Management and Strategy
Dr. Jie Gong is an Associate Professor in Management and Strategy, and an economist by training with a Ph.D. from The Kellogg School of Management at Northwestern University. Prior to joining HKU, she had worked for the National University of Singapore for many years.
Decoding Financial Markets: Dr. Hongye Guo’s Quest for Return Predictability
Dr. Hongye Guo, Assistant Professor in Finance
Dr. Hongye Guo is an Assistant Professor in Finance at HKU. With a background in systematic investment industry as a quantitative researcher, Dr. Hongye Guo's research interests lie in asset pricing and behavioral finance, specifically in the area of return predictability.
Unleashing the Power of Platform Economies: Professor Junhong Chu’s Research Journey
Professor Junhong Chu, Professor in Marketing
Professor Junhong Chu is a Professor in Marketing at the HKU Business School. She held Doctoral Degrees in both Demography from Peking University and Business Administration from the University of Chicago.
Unleashing the Power of Big Data: Dr. Weiming Zhu’s Research in Operations Management
Dr. Weiming Zhu, Associate Professor in Innovation Information and Management Department
Dr. Weiming Zhu is an Associate Professor in Innovation Information and Management Department at HKU Business School. He obtained a PhD degree from the University of Maryland. For a period of six years, he worked at IESE Business School in Barcelona.
Exploring Economic Phenomena: Dr. Yifei Zhang’s Journey as an Economist
Dr. Yifei Zhang, Senior lecturer in Economics
Dr. Yifei Zhang is a senior lecturer in Economics at HKU Business School. He held a PhD in Economics and taught Econometrics and Chinese Economy before joining HKU Business School.
Don’t be the same, be better! An inspiring story of an HKU Business School student
Despite the language barrier and the difficulties of adapting to a new life in Hong Kong from Pakistan, Shahab, our BBA (Acc&Fin) Year 2 student, overcame the obstacles along the way and has now embarked on a new journey at HKU Business School. Let's hear his story and his belief that everyone should have equal opportunities to pursue their dreams and continue their studies.
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