Louis T. W. Cheng

Hong Kong Polytechnic University - School of Accounting and Finance

Professor of Finance

M715, Li Ka Shing Tower

Hung Hom, Kowloon, Kowloon

Hong Kong

SCHOLARLY PAPERS

24

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Scholarly Papers (24)

1.

The Effects of Insider Trading on Liquidity

Number of pages: 31 Posted: 08 Feb 2006
Louis T. W. Cheng, Michael Firth, Tak Yan Leung and Oliver M. Rui
Hong Kong Polytechnic University - School of Accounting and Finance, Lingnan University - Department of Finance and Insurance, City University of Hong Kong (CityUHK) - Department of Accountancy and China Europe International Business School (CEIBS)
Downloads 556 (48,508)

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insider trading, liquidity

2.

Testing the Implications of Overconfidence for Intraday Trading

Number of pages: 40 Posted: 07 Mar 2005
Ali F. Darrat, Maosen Zhong and Louis T. W. Cheng
Louisiana Tech University - College of Business, University of Queensland - Business School and Hong Kong Polytechnic University - School of Accounting and Finance
Downloads 387 (75,713)

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Trading volume, return volatility, behavioral finance, overconfidence

3.

The Total Costs of Subscription and the Underpricing of Ipos

Number of pages: 14 Posted: 06 May 2004
Joseph K. W. Fung, Louis T. W. Cheng and Kam C. Chan
Hong Kong Baptist University, Hong Kong Polytechnic University - School of Accounting and Finance and Western Kentucky University - Department of Accounting and Finance
Downloads 215 (142,000)

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Initial public offerings, Asian IPOs, Non-discretionary allocation

4.

The Effect of Extended Trading Hours on the Information Flow between Cash and Futures Markets

Number of pages: 24 Posted: 17 Jun 2002
Leo H. Chan, Kam C. Chan and Louis T. W. Cheng
Woodbury School of Business, Utah Valley University, Western Kentucky University - Department of Accounting and Finance and Hong Kong Polytechnic University - School of Accounting and Finance
Downloads 215 (142,000)

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Information Flow, Hong Kong Hang Seng Index, Geweke Measures

5.

The Impact of H-Share Derivatives on the Underlying Equity Market

Number of pages: 47 Posted: 16 Jun 2008
Steven Shuye Wang, Wei Li and Louis T. W. Cheng
School of Business, Renmin University of China, Hong Kong Polytechnic University - School of Accounting and Finance and Hong Kong Polytechnic University - School of Accounting and Finance
Downloads 190 (159,396)
Citation 1

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Stock index derivatives, Volatility, Liquidity, Difference-in-difference approach

6.

Relative Valuation Effects of Local and International Analysts’ Voting: The Case of Investor Relations Award

Number of pages: 57 Posted: 04 Aug 2018 Last Revised: 04 Oct 2018
Louis T. W. Cheng, Allen C. C. Ng and Jianfu Shen
Hong Kong Polytechnic University - School of Accounting and Finance, Hong Kong Polytechnic University and Hang Seng Management College
Downloads 30 (468,089)

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Certification Effect, Announcement Effect, Stock Price Valuation, Liquidity, R-Square, Synchronicity, Information Environment, Ownership Concentration, Earnings Forecast

7.

Revisiting the Corroboration Effects of Earnings and Dividend Announcements

Accounting and Finance, Vol. 46, No. 2, pp. 221-241, June 2006
Number of pages: 21 Posted: 12 Jun 2006
Louis T. W. Cheng and Tak Yan Leung
Hong Kong Polytechnic University - School of Accounting and Finance and City University of Hong Kong (CityUHK) - Department of Accountancy
Downloads 29 (472,936)
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8.

Information Content and Timing of Earnings Announcements

Journal of Business Finance & Accounting, Vol. 32, No. 1-2, pp. 65-95, January 2005
Number of pages: 27 Posted: 06 Feb 2005
Gongmeng Chen, Louis T. W. Cheng and Ning Daniel Gao
Hong Kong Polytechnic University - School of Accounting and Finance, Hong Kong Polytechnic University - School of Accounting and Finance and Hong Kong Polytechnic University - School of Accounting and Finance
Downloads 20 (522,763)
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9.

Global Ranking of Accounting Programmes and the Elite Effect in Accounting Research

Accounting and Finance, Vol. 47, No. 2, pp. 187-220, June 2007
Number of pages: 34 Posted: 08 Jun 2007
Carl R. Chen, Kam C. Chan and Louis T. W. Cheng
University of Dayton, Pace University and Hong Kong Polytechnic University - School of Accounting and Finance
Downloads 18 (534,546)
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10.

Underwriter’s Compensation, Marketing Effects, and IPO Performance: Evidence From China

Number of pages: 64 Posted: 02 Aug 2019 Last Revised: 29 Aug 2019
Louis T. W. Cheng, Gang Hu and Siyuan Yan
Hong Kong Polytechnic University - School of Accounting and Finance, Hong Kong Polytechnic University - School of Accounting and Finance and Hong Kong Polytechnic University - School of Accounting and Finance
Downloads 13 (564,397)

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underwriter’s compensation, marketing effects, IPO Underpricing, long-term IPO performance

11.

Is There Information Content from Insider Trading Activities Preceding Earnings and Dividend Announcements in Hong Kong?

Accounting & Finance, Vol. 48, Issue 3, pp. 417-437, September 2008
Number of pages: 21 Posted: 14 Aug 2008
Louis T. W. Cheng and T. Y. Leung
Hong Kong Polytechnic University - School of Accounting and Finance and affiliation not provided to SSRN
Downloads 4 (622,937)
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12.

Corporate Performance Implications of Relational Demographic Differences: On Age and Titles of Chairpersons Versus General Managers of Listed Chinese Companies

British Journal of Management, Vol. 22, Issue 1, pp. 96-113, 2010
Number of pages: 18 Posted: 16 Feb 2011
Ricky Y. K. Chan, Louis T. W. Cheng and T. Y. Leung
Hong Kong Polytechnic University - Department of Management and Marketing, Hong Kong Polytechnic University - School of Accounting and Finance and affiliation not provided to SSRN
Downloads 2 (640,706)
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13.

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
Downloads 2 (640,706)
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14.

Interest Rate Deregulation and Banks’ Off-Balance-Sheet Activities: A Hong Kong Perspective

Applied Economics, 47:47, 5088-5102 (2015)
Posted: 28 Oct 2016
Hong Kong Polytechnic University, Hong Kong Polytechnic University - School of Accounting & Finance, University of California and Hong Kong Polytechnic University - School of Accounting and Finance

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Interest rate deregulation, Off-balance-sheet activities, Hong Kong banks

15.

The Effect of Extended Trading Tours on the Feedback Relationship between Cash and Futures Markets

Journal of Emerging Markets, 2004
Posted: 28 Dec 2011
Leo H. Chan, Kam C. Chan and Louis T. W. Cheng
Woodbury School of Business, Utah Valley University, Western Kentucky University - Department of Accounting and Finance and Hong Kong Polytechnic University - School of Accounting and Finance

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Information Flow, Hong Kong Hang Seng Index, Geweke Measures

16.

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

17.

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

18.

Asymmetric Volatility and Trading Activity in Index Futures Options

Financial Review, Vol. 40, No. 3, August 2005, Pace University Accounting Research Paper No. 2005/02
Posted: 22 May 2005
Kam C. Chan, Louis T. W. Cheng and Peter P. Lung
Pace University, Hong Kong Polytechnic University - School of Accounting and Finance and University of Dayton

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Futures options, implied volatility, asymmetric response

19.

Testing the New Buying Pressure Hypothesis During the Asian Financial Crisis: Evidence from Hang Seng Index Options

Journal of Financial Research, Forthcoming
Posted: 21 Jan 2005
Kam C. Chan, Louis T. W. Cheng and Peter P. Lung
Western Kentucky University - Department of Accounting and Finance, Hong Kong Polytechnic University - School of Accounting and Finance and University of Dayton

Abstract:

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Asian financial crisis, buying pressure

20.

Revisiting the Contemporaneous Signaling Effects of Earnings and Dividend Announcements

Posted: 19 Feb 2004
Louis T. W. Cheng and T.Y. Leung
Hong Kong Polytechnic University - School of Accounting and Finance and Hong Kong Shue Yan College

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Earnings, dividends, information asymmetry, signaling effects

21.

Predicting Mutual Fund Performance: A Portfolio Commonality Approach

International Journal of Business, Vol. 8, No. 1, 2003
Posted: 21 Aug 2003
Louis T. W. Cheng, Kam C. Chan, Lynn Pi and Larry Guin
Hong Kong Polytechnic University - School of Accounting and Finance, Western Kentucky University - Department of Accounting and Finance, The Institute of Financial Planners of Hong Kong and Murray State University

Abstract:

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Mutual fund, Performance, Prediction

22.

The Lead-Lag Relation between Spot and Futures Markets Under Different Short-Selling Regimes

Financial Review, August 2001
Posted: 04 Oct 2002
Joseph K. W. Fung, Li Jiang and Louis T. W. Cheng
Hong Kong Baptist University, Hong Kong Polytechnic University and Hong Kong Polytechnic University - School of Accounting and Finance

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lead-lag relation, index futures, spot market, short-selling, informational efficiency

23.

Early Unwinding Strategy in Index Options-Futures Arbitrage

Journal of Financial Research
Posted: 22 Oct 1998
Louis T. W. Cheng, Joseph K. W. Fung and Castor W. S. Pang
Hong Kong Polytechnic University - School of Accounting and Finance, Hong Kong Baptist University and Hong Kong Baptist University (HKBU)

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24.

International Mutual Fund Selectivity and Market Timing During Up and Down Conditions

The Financial Review
Posted: 21 Apr 1998
Wenchi Kao, Louis T. W. Cheng and Kam C. Chan
DePaul University - Department of Finance, Hong Kong Polytechnic University - School of Accounting and Finance and Western Kentucky University - Department of Accounting and Finance

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