Roni MICHAELY
Prof. Roni MICHAELY
金融學
Zhang Yonghong Professor in Finance
Founder & Executive Director, HKU-TLV Innovation Hub

3910 2185

KK 934

Publications
Unlocking shareholder value: How finance professors enrich corporate governance, maximise wealth

Prof Michaely presented a paper utilizing a unique dataset comprising nearly one million voting rationales provided by investors. The research findings shed light on the motivations behind institutional investors’ voting decisions and their impact on corporate governance practices.

ESG Does Neither Much Good nor Very Well

There’s little evidence that the benefits to mankind make up for lower returns on your investment.

我們的以色列先鋒 - 羅尼.米凱利教授

「被港大管理層委以重任,在我的家鄉成立一所創業及創科中心,對我來說,是一趟非常刺激的旅程。我很期待與港大優秀的學者合作、盡早展開我的教學工作、並與香港和中國內地的商界精英交流。我相信在以色成立港大創新中心,將會為所有持分者帶來莫大的裨益。我非常高興能夠參與其中。」

Rise Of Index Funds Leads To Deterioration Of Corporate Governance Study Reveals Index Funds Put Less Efforts In Monitoring Their Portfolio Firms, Resulted In Power Imbalance Between Investors And Firm Managements

Over the past three decades, the rise of passively managed index funds has transformed how Americans and other investors around the world invest. In 1990, index funds held only less than 1% of all mutual fund assets. By 2018, this had grown to more than 30%, which worth over US$6 trillion and now represent the largest shareholders of many US corporations.

指數基金發展不利於企業管治

港大經管學院教授(金融學)Roni Michaely及另外幾位教授共同參與的一項研究顯示指數基金未能有效監察旗下企業,引致投資者與公司管理層權力失衡。

研究顯示發起人的關係網絡為決定SPAC成功的關鍵因素

港大經管學院幾位學者最近發佈的研究發現,有些因素能有助投資者辨別SPAC能否取得成功。

社會責任投資基金未能有效鼓勵企業肩負更多社會責任

港大經管學院金融學教授Roni Michaely與幾位教授最新的研究發現,SRI基金雖然在選擇具社會責任的公司方面眼光獨到,但這些基金的注資卻未能有效鼓勵企業在執行社會責任上更進一步。