Louis T. W. Cheng

The Hang Seng University of Hong Kong - Department of Economics and Finance

Hang Shin Link

Siu Lek Yuen

Shatin

United States

SCHOLARLY PAPERS

25

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Top 25,795

in Total Papers Downloads

3,868

SSRN CITATIONS
Rank 15,646

SSRN RANKINGS

Top 15,646

in Total Papers Citations

94

CROSSREF CITATIONS

2

Scholarly Papers (25)

1.

The Role of ESG Performance During Times of Financial Crisis: Evidence from COVID-19 in China

Number of pages: 9 Posted: 16 Jun 2020
David C. Broadstock, Kalok Chan, Louis T. W. Cheng and Xiao Wei Wang
National University of Singapore (NUS) - Sustainable & Green Finance Institute (SGFIN), CUHK Business School, The Hang Seng University of Hong Kong - Department of Economics and Finance and Xiaowei Wang
Downloads 1,288 (31,099)
Citation 90

Abstract:

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COVID-19, Pandemic, China, Environmental, Social and Governance (ESG)

2.

The Effects of Insider Trading on Liquidity

Number of pages: 31 Posted: 08 Feb 2006
The Hang Seng University of Hong Kong - Department of Economics and Finance, Lingnan University - Department of Finance and Insurance, City University of Hong Kong (CityU) - Department of Accountancy and China Europe International Business School (CEIBS)affiliation not provided to SSRN
Downloads 592 (89,120)

Abstract:

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insider trading, liquidity

3.

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 The Hang Seng University of Hong Kong - Department of Economics and Finance
Downloads 434 (130,085)

Abstract:

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Trading volume, return volatility, behavioral finance, overconfidence

4.

Stock Price Crash Risk and Firms’ Operating Leverage

Journal of Financial Stability, Forthcoming, Nanyang Business School Research Paper No. 22-22
Number of pages: 50 Posted: 05 Oct 2022 Last Revised: 09 Dec 2022
Xin Chang, Louis T. W. Cheng, Wing Chun (Kaz) Kwok and George Wong
Nanyang Business School, Nanyang Technological University, The Hang Seng University of Hong Kong - Department of Economics and Finance, The Hang Seng University of Hong Kong and The Hong Kong Polytechnic University
Downloads 335 (173,708)

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Crash risk, Operating leverage, Cost structure, Opacity, Operating deleveraging, Cost Stickiness

5.

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, The Hang Seng University of Hong Kong - Department of Economics and Finance and Western Kentucky University - Department of Accounting and Finance
Downloads 280 (209,777)

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Initial public offerings, Asian IPOs, Non-discretionary allocation

6.

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 The Hang Seng University of Hong Kong - Department of Economics and Finance
Downloads 258 (227,798)

Abstract:

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Information Flow, Hong Kong Hang Seng Index, Geweke Measures

7.

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 The Hang Seng University of Hong Kong - Department of Economics and Finance
Downloads 238 (246,625)
Citation 1

Abstract:

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

8.

Does Supplier Concentration Matter to Investors During the COV1D-19 Crisis: Evidence from China?

Number of pages: 36 Posted: 30 Oct 2020
Louis T. W. Cheng, Jack Poon, Shaolong Tang and Jacqueline Wang
The Hang Seng University of Hong Kong - Department of Economics and Finance, The Hong Kong Polytechnic University, Beijing Normal University-Hong Kong Baptist University United International College and Hong Kong Polytechnic University - School of Accounting and Finance
Downloads 169 (337,531)

Abstract:

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COVID19, supplier concentration, supplier disclosure, stock price effect, industry neutral portfolio

9.

Understanding Resource Deployment Efficiency for ESG and Financial Performance: A DEA Approach

Number of pages: 30 Posted: 11 Nov 2022
Louis T. W. Cheng, Shu-kam Lee, Sung Ko Li and Chun Kei Tsang
The Hang Seng University of Hong Kong - Department of Economics and Finance, Hong Kong Shue Yan University - Department of Economics and Finance, BEPP, Hong Kong Shue Yan University and Hong Kong Shue Yan University
Downloads 131 (415,070)

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ESG, DEA, Proportional efficiency, Pillar mix efficiency, Financial performance

10.

Investor Relations Under Short-Selling Pressure: Evidence From Strategic Signaling by Company Site Visits

Journal of Business Finance & Accounting, Forthcoming
Number of pages: 51 Posted: 04 Mar 2022
Xiaoxu Ling, Siyuan Yan and Louis T. W. Cheng
Hong Kong Polytechnic University - School of Accounting and Finance, East China University of Science and Technology (ECUST) - School of Business and The Hang Seng University of Hong Kong - Department of Economics and Finance
Downloads 88 (550,058)

Abstract:

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Investor Relations, Short-Selling, Strategic Signaling, Company Site Visits

11.

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
The Hang Seng University of Hong Kong - Department of Economics and Finance, Hong Kong Polytechnic University and The Hong Kong Polytechnic University
Downloads 55 (705,999)

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

12.

A Cross-Country Analysis of Corporate Carbon Performance: An International Investment Perspective

Cheng, L., Shen, J., and Wojewodzki, M. (2023). A cross-country analysis of corporate carbon performance: an international investment perspective. Research in International Business and Finance, 101888. https://doi.org/10.1016/j.ribaf.2023.101888
Posted: 30 Jan 2023
Louis T. W. Cheng, Jianfu Shen and Michal Wojewodzki
The Hang Seng University of Hong Kong - Department of Economics and Finance, The Hong Kong Polytechnic University and Faculty of Business, Lingnan University

Abstract:

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ESG, Carbon Performance, International Ownership, OECD

13.

The Role of Real Options in the Takeover Premia in Mergers and Acquisitions

International Review of Economics & Finance, Vol. 61, 2019
Posted: 16 Mar 2021
University of Edinburgh, The Hang Seng University of Hong Kong - Department of Economics and Finance, Hong Kong Polytechnic University and University of Strathclyde - Strathclyde Business School

Abstract:

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Real options, Takeover premia, Acquirer abnormal returns, Target abnormal returns

14.

What can explain the direct costs of going public in China?

Posted: 20 Jan 2021 Last Revised: 09 Sep 2021
Siyuan Yan, Xiaoxu Ling, Louis T. W. Cheng and Gang Hu
East China University of Science and Technology (ECUST) - School of Business, Hong Kong Polytechnic University - School of Accounting and Finance, The Hang Seng University of Hong Kong - Department of Economics and Finance and Hong Kong Polytechnic University - School of Accounting and Finance

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Underwriting spreads; IPO underpricing; Policy uncertainty; Listing costs

15.

Controlling Shareholder Stock Pledge, Aggravated Expropriation and Corporate Acquisitions

Posted: 23 Jun 2020 Last Revised: 18 Sep 2021
Siyuan Yan, Xiaoxu Ling and Louis T. W. Cheng
East China University of Science and Technology (ECUST) - School of Business, Hong Kong Polytechnic University - School of Accounting and Finance and The Hang Seng University of Hong Kong - Department of Economics and Finance

Abstract:

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Stock pledge; Controlling shareholder; Merger and acquisition; Corporate governance

16.

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, Faculty of Business and Economics, The University of Hong Kong and The Hang Seng University of Hong Kong - Department of Economics and Finance

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

17.

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 The Hang Seng University of Hong Kong - Department of Economics and Finance

Abstract:

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Information Flow, Hong Kong Hang Seng Index, Geweke Measures

18.

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
The Hang Seng University of Hong Kong - Department of Economics 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

19.

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
The Hang Seng University of Hong Kong - Department of Economics and Finance, University of Missouri at Saint Louis - College of Business Administration and University of Texas at San Antonio - College of Business

Abstract:

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

20.

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

Posted: 21 Jan 2005
Kam C. Chan, Louis T. W. Cheng and Peter P. Lung
Western Kentucky University - Department of Accounting and Finance, The Hang Seng University of Hong Kong - Department of Economics and Finance and University of Dayton

Abstract:

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Asian financial crisis, buying pressure

21.

Revisiting the Contemporaneous Signaling Effects of Earnings and Dividend Announcements

Posted: 19 Feb 2004
Louis T. W. Cheng and T.Y. Leung
The Hang Seng University of Hong Kong - Department of Economics and Finance and Hong Kong Shue Yan College

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Earnings, dividends, information asymmetry, signaling effects

22.

Predicting Mutual Fund Performance: A Portfolio Commonality Approach

Posted: 21 Aug 2003
Louis T. W. Cheng, Kam C. Chan, Lynn Pi and Larry Guin
The Hang Seng University of Hong Kong - Department of Economics 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

23.

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

Posted: 04 Oct 2002
Joseph K. W. Fung, Li Jiang and Louis T. W. Cheng
Hong Kong Baptist University, Hong Kong Polytechnic University and The Hang Seng University of Hong Kong - Department of Economics and Finance

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

24.

Early Unwinding Strategy in Index Options-Futures Arbitrage

Posted: 22 Oct 1998
Louis T. W. Cheng, Joseph K. W. Fung and Castor W. S. Pang
The Hang Seng University of Hong Kong - Department of Economics and Finance, Hong Kong Baptist University and Hong Kong Baptist University (HKBU)

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25.

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, The Hang Seng University of Hong Kong - Department of Economics and Finance and Western Kentucky University - Department of Accounting and Finance

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