Hung-Gay Fung

University of Missouri at Saint Louis - College of Business Administration

Professor

One University Blvd.

487 SSB

St. Louis, MO 63121

United States

SCHOLARLY PAPERS

35

DOWNLOADS
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Top 16,434

in Total Papers Downloads

2,984

SSRN CITATIONS
Rank 10,054

SSRN RANKINGS

Top 10,054

in Total Papers Citations

7

CROSSREF CITATIONS

90

Scholarly Papers (35)

1.

Are the U.S. Stock Market and Credit Default Swap Market Related? Evidence from the CDX Indices

Journal of Alternative Investments, Summer 2008
Number of pages: 47 Posted: 07 Jul 2008 Last Revised: 02 Nov 2009
Hung-Gay Fung, Gregory E Sierra, Jot Yau and Gaiyan Zhang
University of Missouri at Saint Louis - College of Business Administration, Southern Illinois University Edwardsville, Seattle University and University of Missouri at St. Louis - College of Business Administration
Downloads 735 (34,221)
Citation 1

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credit default swap (CDS) index, information efficiency, price discovery

2.

The Chinese Offshore Renminbi-Denominated Bonds: Dim Sum Bonds

Number of pages: 24 Posted: 10 Jun 2012
Hung-Gay Fung, Derrick Tzau and Jot Yau
University of Missouri at Saint Louis - College of Business Administration, affiliation not provided to SSRN and Seattle University
Downloads 587 (46,268)
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RMB internationalization, dim sum bonds, off-shore RMB-denominated bonds

3.

Do Credit Default Swaps Predict Currency Values?

Applied Financial Economics, Forthcoming
Number of pages: 44 Posted: 01 Nov 2009
Gaiyan Zhang, Jot Yau and Hung-Gay Fung
University of Missouri at St. Louis - College of Business Administration, Seattle University and University of Missouri at Saint Louis - College of Business Administration
Downloads 365 (82,807)

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Credit default Swaps, foreign exchange rates, lead-lag relationship, carry trade

4.

On the Relationship between Asian Sovereign Credit Default Swap Markets and Equity Markets

Journal of Asian Business Studies, Forthcoming
Number of pages: 31 Posted: 01 Nov 2009
Kam C. Chan, Hung-Gay Fung and Gaiyan Zhang
Western Kentucky University - Department of Accounting and Finance, University of Missouri at Saint Louis - College of Business Administration and University of Missouri at St. Louis - College of Business Administration
Downloads 303 (101,979)

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Sovereign credit default swaps, capital structure arbitrage, price discovery, feedback effect

5.

On the Imbalances between the Real Estate Market and Stock Markets in China

Chinese Economy, Vol. 2, 2006
Number of pages: 22 Posted: 01 Nov 2009
Gaiyan Zhang and Hung-Gay Fung
University of Missouri at St. Louis - College of Business Administration and University of Missouri at Saint Louis - College of Business Administration
Downloads 287 (108,171)

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China, Real estate market, stock market, granger-causality, financial development

6.

The Chinese Offshore Renminbi Currency and Bond Markets: The Role of Hong Kong

China and World Economy, Vol. 20, No. 3, 2012, 107-122
Number of pages: 23 Posted: 05 Apr 2012 Last Revised: 12 Jun 2012
Hung-Gay Fung and Jot Yau
University of Missouri at Saint Louis - College of Business Administration and Seattle University
Downloads 262 (119,042)

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dim sum bonds, FDI, offshore market, reserve currency, RMB

7.

Market Impediments, Trade, and Foreign Direct Investment: Evidence from China's Round-Tripping

Number of pages: 43 Posted: 20 Mar 2007
Hung-Gay Fung, Jot Yau and Gaiyan Zhang
University of Missouri at Saint Louis - College of Business Administration, Seattle University and University of Missouri at St. Louis - College of Business Administration
Downloads 207 (150,286)

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Trade flows, foreign direct investment, round-tripping, regulatory arbitrage

8.

Advances in International Investments: Traditional and Alternative Approaches

H. Fung, X. Xu, J. Yau, ADVANCES IN INTERNATIONAL INVESTMENTS: TRADITIONAL AND ALTERNATIVE APPROACHES, World Scientific, 2008
Number of pages: 2 Posted: 09 Sep 2009 Last Revised: 19 Sep 2009
Hung-Gay Fung, Xiaoqing Eleanor Xu and Jot Yau
University of Missouri at Saint Louis - College of Business Administration, Seton Hall University and Seattle University
Downloads 136 (216,327)

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Global Investment, Traditional and Alternative Investments, Equity Investments, Fixed Income Investments, Portfolio Management, Derivatives, Risk Management

9.

Information Flows between Eurodollar Spot and Futures Markets

Multinational Finance Journal, Vol. 1, No. 4, p. 255-271, 1997
Number of pages: 17 Posted: 17 Jul 2015
Yin-Wong Cheung and Hung-Gay Fung
City University of Hong Kong - Department of Economics & Finance and University of Missouri at Saint Louis - College of Business Administration
Downloads 30 (477,651)

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Granger causality; cointegration; Eurodollar spot and futures interest rates; information flow

10.

Financing Alternatives for Chinese Small and Medium Enterprises: The Case for a Small and Medium Enterprise Stock Market

China & World Economy, Vol. 15, No. 1, pp. 26-42, January-February 2007
Number of pages: 17 Posted: 30 Aug 2007
Hung-Gay Fung, Wilson Liu and Jot Yau
University of Missouri at Saint Louis - College of Business Administration, James Madison University - College of Business and Seattle University
Downloads 24 (509,810)
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11.

Do Trading Rules Based Upon Winners and Losers Work Across Markets? Evidence from the Pacific Basin and U.S. Markets

Multinational Finance Journal, Vol. 3, No. 1, p. 41-70, 1999
Number of pages: 30 Posted: 17 Jul 2015
Hung-Gay Fung, Wai K. Leung and Gary A. Patterson
University of Missouri at Saint Louis - College of Business Administration, The University of Hong Kong and University of South Florida
Downloads 16 (557,104)
Citation 1

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Pacific Basin and U.S. stock markets; trading rules; transaction costs

12.

China's Outward Direct and Portfolio Investments

China & World Economy, Vol. 15, Issue 6, pp. 53-68, November/December 2007
Number of pages: 16 Posted: 11 Dec 2007
Hung-Gay Fung, Qingfeng Wilson Liu and Erin H. C. Kao
University of Missouri at Saint Louis - College of Business Administration, affiliation not provided to SSRN and Ling Tung University - Department of Finance
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13.

Pedigree or Placement? An Analysis of Research Productivity in Finance

Financial Review, Vol. 44, No. 1, pp. 87-111, February 2009
Number of pages: 25 Posted: 20 Jan 2009
Kam C. Chan, Carl R. Chen and Hung-Gay Fung
Pace University, University of Dayton and University of Missouri at Saint Louis - College of Business Administration
Downloads 4 (635,244)
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14.

Growth Enterprise Board Initial Public Offerings: Characteristics, Volatility and the Initial-Day Performance

China & World Economy, Vol. 19, No. 1, pp. 106-121, 2011
Number of pages: 16 Posted: 14 Mar 2011
Haifeng Guo and Hung-Gay Fung
affiliation not provided to SSRN and University of Missouri at Saint Louis - College of Business Administration
Downloads 2 (652,343)
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Chinese initial public offerings, regulation, trading halts, underpricing

15.

Dividend Preference of Tradable-Share and Non-Tradable-Share Holders in Mainland China

Accounting & Finance, Vol. 49, Issue 2, pp. 291-316, June 2009
Number of pages: 26 Posted: 20 May 2009
Louis T. W. Cheng, Hung-Gay Fung and Tak Yan Leung
Hong Kong Polytechnic University - School of Accounting and Finance, University of Missouri at Saint Louis - College of Business Administration and City University of Hong Kong (CityUHK) - Department of Accountancy
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16.

Effect of Money Supply on Real Output and Price in China

China & World Economy, Vol. 17, Issue 2, pp. 35-44, March-April 2009
Number of pages: 10 Posted: 27 Apr 2009
Chih-Hsiang Chang, Kam C. Chan and Hung-Gay Fung
National University of Kaohsiung, Pace University and University of Missouri at Saint Louis - College of Business Administration
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17.

Rights Issues in the Chinese Stock Market: Evidence of Earnings Management

Journal of International Financial Management & Accounting, Vol. 19, Issue 2, pp. 133-160, Summer 2008
Number of pages: 28 Posted: 06 May 2008
Hung-Gay Fung, Wai K. Leung and Jiang Zhu
University of Missouri at Saint Louis - College of Business Administration, The University of Hong Kong and affiliation not provided to SSRN
Downloads 2 (652,343)
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18.

Do Political Connections Promote Innovation in Environmentally Polluting Enterprises?

China & World Economy, Vol. 27, Issue 3, pp. 76-101, 2019
Number of pages: 26 Posted: 22 May 2019
Jianhua Zhang, Xiaoqing Li, Hung-Gay Fung and Peng Qiao
affiliation not provided to SSRN, affiliation not provided to SSRN, University of Missouri at Saint Louis - College of Business Administration and Kunming University of Science and Technology
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environmental innovation, environmental regulation, highly polluting enterprises, political connections

19.

Comparison of Bank Profitability in China and the USA

China & World Economy, Vol. 25, Issue 1, pp. 90-108, 2017
Number of pages: 19 Posted: 13 Jan 2017
Ning Ding, Hung-Gay Fung and Jingyi Jia
Dongbei University of Finance and Economics (DUFE), University of Missouri at Saint Louis - College of Business Administration and Southern Illinois University at Edwardsville - Department of Economics & Finance
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bank profitability, efficiency, real estate loans, shadow banking

20.

Political Connections and Firm Performance in Chinese Companies

Pacific Economic Review, Vol. 18, Issue 3, pp. 283-317, 2013
Number of pages: 35 Posted: 06 Aug 2013
Zhong‐qin Su and Hung-Gay Fung
Southwest Jiaotong University and University of Missouri at Saint Louis - College of Business Administration
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21.

Predominant Sources and Contributors of Influential Business Ethics Research: Evidence and Implications from a Threshold Citation Analysis

Business Ethics: A European Review, Vol. 22, Issue 3, pp. 263-276, 2013
Number of pages: 14 Posted: 04 Jun 2013
Kam C. Chan, Hung-Gay Fung and Jot Yau
Pace University, University of Missouri at Saint Louis - College of Business Administration and Seattle University
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22.

Chinese Offshore RMB Currency and Bond Markets: The Role of Hong Kong

China & World Economy, Vol. 20, Issue 3, pp. 107-122, 2012
Number of pages: 16 Posted: 03 Jun 2012
Hung-Gay Fung and Jot Yau
University of Missouri at Saint Louis - College of Business Administration and Seattle University
Downloads 1 (664,243)
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dim sum bond, FDI, offshore market, reserve currency, RMB

23.

What Drives the Dating Game of Executive Options Exercise? Evidence from Taiwan

Accounting & Finance, Vol. 52, Issue 2, pp. 605-625, 2012
Number of pages: 21 Posted: 21 Apr 2012
Ming‐Cheng Wu, Hung-Gay Fung and Yi‐Ting Huang
National Changhua University of Education, University of Missouri at Saint Louis - College of Business Administration and affiliation not provided to SSRN
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Backdating, Exercise date, Stock options

24.

Impact of Dividend-Protected Employee Stock Options on Payout Policies: Evidence from Taiwan

Pacific Economic Review, Vol. 13, Issue 4, pp. 431-452, October 2008
Number of pages: 22 Posted: 08 Oct 2008
Ming‐Cheng Wu, Erin H. C. Kao and Hung-Gay Fung
National Changhua University of Education, Ling Tung University - Department of Finance and University of Missouri at Saint Louis - College of Business Administration
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25.

Powerful Chief Executive Officers and Firm Performance: Integrating Agency and Stewardship Theory

China & World Economy, Vol. 25, Issue 6, pp. 100-119, 2017
Number of pages: 20 Posted: 17 Nov 2017
Peng Qiao, Anna Fung, Hung-Gay Fung and Jianchun Miao
Kunming University of Science and Technology, University of Washington, University of Missouri at Saint Louis - College of Business Administration and Chongqing University
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agency cost, performance, powerful chief executive officer, stewardship

26.

What Drives Cost Efficiency of Banks in China?

China & World Economy, Vol. 23, Issue 2, pp. 61-83, 2015
Number of pages: 23 Posted: 26 Mar 2015
Ning Ding, Hung-Gay Fung and Jingyi Jia
Dongbei University of Finance and Economics (DUFE), University of Missouri at Saint Louis - College of Business Administration and Southern Illinois University at Edwardsville - Department of Economics & Finance
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bank types, cost efficiency of banks, policy tools, shadow banking

27.

Market Reaction to Corporate Social Responsibility Announcements: Evidence from China

China & World Economy, Vol. 22, Issue 2, pp. 81-101, 2014
Number of pages: 21 Posted: 13 Mar 2014
Liang Zhang, Tie‐nan Wang and Hung-Gay Fung
Harbin Institute of Technology - School of Management, Harbin Institute of Technology and University of Missouri at Saint Louis - College of Business Administration
Downloads 0 (681,140)
Citation 1
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Chinese stock market, corporate social responsibility, cumulative abnormal returns

28.

Effects of Social Capital, Top Executive Attributes and R&D on Firm Value in Chinese Small and Medium‐Sized Enterprises

China & World Economy, Vol. 21, Issue 4, pp. 79-100, 2013
Number of pages: 22 Posted: 12 Jul 2013
Penghua Qiao, Hung-Gay Fung and Xiaofeng Ju
Harbin Institute of Technology, University of Missouri at Saint Louis - College of Business Administration and Harbin Institute of Technology
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firm value, R&D, small and medium‐sized enterprises, social capital, top executive attributes

29.

What Drives the Cash Dividend Policy of the Poorly Performing Firms in Hong Kong?

Review of Pacific Basin Financial Markets and Policies, Vol. 11, Issue 3, pp. 347-361, 2008
Posted: 21 Oct 2009
Louis T. W. Cheng, Hung-Gay Fung and T.Y. Leung
Hong Kong Polytechnic University - School of Accounting and Finance, University of Missouri at Saint Louis - College of Business Administration and Hong Kong Shue Yan College

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corporate governance, maturity, poor earnings, cash dividends

30.

China's Exchange Traded Fund: Is There a Trading Place Bias?

Review of Pacific Basin Financial Markets and Policies, Vol. 11, Issue 1, pp. 61-74, 2008
Posted: 14 Oct 2009
Louis T. W. Cheng, Hung-Gay Fung and Yiuman Tse
Hong Kong Polytechnic University - School of Accounting and Finance, University of Missouri at Saint Louis - College of Business Administration and University of Texas at San Antonio - College of Business

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Exchange traded funds, China market, Granger causality tests, EGARCH model

31.

The Dynamic Impact of Macro Shocks on Insurance Premiums

Journal of Financial Services Research, Vol. 35, No. 3, 2009
Posted: 05 Jun 2009
Feng Guo, Hung-Gay Fung and Ying Sophie Huang
Institute of International Finance, University of Missouri at Saint Louis - College of Business Administration and affiliation not provided to SSRN

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Insurance premiums, Structural shocks, Vector error correction model

32.

What Moves the Mortgage-Backed Securities Market?

Real Estate Economics, Forthcoming
Posted: 14 Jan 2005
Xiaoqing Eleanor Xu and Hung-Gay Fung
Seton Hall University and University of Missouri at Saint Louis - College of Business Administration

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mortgage-backed securities, vector autoregressive model, excess returns, and economic factors

33.

Global Hedge Funds: Risk, Return, and Market Timing

Financial Analysts Journal, Vol. 58, No. 6, November/December 2002
Posted: 26 Mar 2003
Hung-Gay Fung, Xiaoqing Eleanor Xu and Jot Yau
University of Missouri at Saint Louis - College of Business Administration, Seton Hall University and Seattle University

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Alternative Investments: Hedge funds, Performance Measurement and evaluation: Performance measurement

34.

Segmentation of the a and B Share Chinese Equity Markets

Journal of Financial Research
Posted: 25 Sep 1999
Hung-Gay Fung, Wai Lee and Wai Kin Leung
University of Missouri at Saint Louis - College of Business Administration, affiliation not provided to SSRN and The Chinese University of Hong Kong (CUHK) - School of Hotel and Tourism Management

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35.

Factors Affecting Foreign Investor Choice in Types of U.S. Real Estate

Journal of Real Estate Research, Vol. 16, Issue 1, September 1998
Posted: 06 Dec 1998
Deborah Ford, Hung-Gay Fung and Daniel A. Gerlowski
University of Baltimore - Division of Economics, Finance and Management Science, University of Missouri at Saint Louis - College of Business Administration and University of Baltimore

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