Stephen Yan-Leung Cheung

City University of Hong Kong (CityUHK) - Department of Economics & Finance

83 Tat Chee Avenue

Kowloon

Hong Kong

SCHOLARLY PAPERS

16

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CITATIONS
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in Total Papers Citations

143

Scholarly Papers (16)

Tunneling, Propping, and Expropriation: Evidence from Connected Party Transactions in Hong Kong

HKIMR Working Paper No. 9/2004, EFA 2004 MAASTRICHT Conference Paper
Number of pages: 45 Posted: 23 Aug 2007 Last Revised: 28 Jul 2009
Stephen Yan-Leung Cheung, P. Raghavendra Rau and Aris Stouraitis
City University of Hong Kong (CityUHK) - Department of Economics & Finance, University of Cambridge and Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences
Downloads 1,301 (10,681)
Citation 55

Abstract:

International corporate governance, Legal systems, Expropriation, Connected transactions, Pyramids, Tunneling, Propping

Tunneling, Propping and Expropriation: Evidence from Connected Party Transactions in Hong Kong

Journal of Financial Economics, Vol. 82, pp. 343-386, 2006
Posted: 09 Aug 2004
Aris Stouraitis, Stephen Yan-Leung Cheung and P. Raghavendra Rau
Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences, City University of Hong Kong (CityUHK) - Department of Economics & Finance and University of Cambridge

Abstract:

International corporate governance, legal systems, expropriation, connected transactions, pyramids, tunneling, propping

How Much do Firms Pay as Bribes and What Benefits do They Get? Evidence from Corruption Cases Worldwide

24th Australasian Finance and Banking Conference 2011 Paper
Number of pages: 39 Posted: 28 Feb 2011 Last Revised: 14 Sep 2012
Stephen Yan-Leung Cheung, P. Raghavendra Rau and Aris Stouraitis
City University of Hong Kong (CityUHK) - Department of Economics & Finance, University of Cambridge and Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences
Downloads 1,146 (13,050)
Citation 3

Abstract:

Corruption, bribes, firm performance, country characteristics

Helping Hand or Grabbing Hand? Central vs. Local Government Shareholders in Chinese Listed Firms

Number of pages: 29 Posted: 18 Mar 2005 Last Revised: 28 Jul 2009
Stephen Yan-Leung Cheung, P. Raghavendra Rau and Aris Stouraitis
City University of Hong Kong (CityUHK) - Department of Economics & Finance, University of Cambridge and Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences
Downloads 1,104 (13,802)
Citation 8

Abstract:

Law and finance, Government ownership, China, State-Owned Enterprises (SOE), Related party transactions, Political connections, Expropriation, Tunneling

Helping Hand or Grabbing Hand? Central Vs. Local Government Shareholders in Chinese Listed Firms

Review of Finance, 14(4), 669-694, 2010
Posted: 03 Aug 2009 Last Revised: 14 Sep 2012
Stephen Yan-Leung Cheung, P. Raghavendra Rau and Aris Stouraitis
City University of Hong Kong (CityUHK) - Department of Economics & Finance, University of Cambridge and Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences

Abstract:

Law and finance; Government ownership, China, State-Owned Enterprises (SOE), Related party transactions, Political connections, Expropriation

4.

Tunneling and Propping Up: An Analysis of Related Party Transactions by Chinese Listed Companies

Pacific-Basin Finance Journal, 17 (3), 372-393, 2009.
Number of pages: 52 Posted: 20 Oct 2008 Last Revised: 14 Sep 2012
Stephen Yan-Leung Cheung, Lihua Jing, Tong Lu, P. Raghavendra Rau and Aris Stouraitis
City University of Hong Kong (CityUHK) - Department of Economics & Finance, affiliation not provided to SSRN, affiliation not provided to SSRN, University of Cambridge and Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences
Downloads 1,075 (12,439)
Citation 7

Abstract:

International corporate governance, China, Related party transactions, Tunneling, Propping

Do Investors Really Value Corporate Governance? Evidence from the Hong Kong Market

HKIMR Working Paper No. 22/2005
Number of pages: 38 Posted: 23 Dec 2006
J. Thomas Connelly, Stephen Yan-Leung Cheung, Piman Limpaphayom and Lynda W. Q. Zhou
Chulalongkorn University - Faculty of Commerce and Accountancy, City University of Hong Kong (CityUHK) - Department of Economics & Finance, Sasin GIBA of Chulalongkorn University and City University of Hong Kong (CityUHK) - Department of Economics & Finance
Downloads 442 (49,940)
Citation 14

Abstract:

Corporate governance, firm profitability, Hong Kong

Do Investors Really Value Corporate Governance? Evidence from the Hong Kong Market

Journal of International Financial Management & Accounting, Vol. 18, No. 2, pp. 86-122, Summer 2007
Number of pages: 37 Posted: 01 Jun 2007
J. Thomas Connelly, Piman Limpaphayom, Stephen Yan-Leung Cheung and Lynda W. Q. Zhou
Chulalongkorn University - Faculty of Commerce and Accountancy, Sasin GIBA of Chulalongkorn University, City University of Hong Kong (CityUHK) - Department of Economics & Finance and City University of Hong Kong (CityUHK) - Department of Economics & Finance
Downloads 31 (387,114)
Citation 14
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Abstract:

Buy High, Sell Low: How Listed Firms Price Asset Transfers in Related Party Transactions

Number of pages: 41 Posted: 20 Oct 2008 Last Revised: 03 Nov 2008
Stephen Yan-Leung Cheung, P. Raghavendra Rau, Aris Stouraitis and Yuehua Qi
City University of Hong Kong (CityUHK) - Department of Economics & Finance, University of Cambridge, Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences and affiliation not provided to SSRN
Downloads 419 (53,374)
Citation 6

Abstract:

International corporate governance, Expropriation, Related party transactions, Tunneling

Buy High, Sell Low: How Listed Firms Price Asset Transfers in Related Party Transactions

Journal of Banking and Finance, 33 (5), 914-924, 2009
Posted: 10 Dec 2008 Last Revised: 14 Sep 2012
Stephen Yan-Leung Cheung, Yuehua Qi, P. Raghavendra Rau and Aris Stouraitis
City University of Hong Kong (CityUHK) - Department of Economics & Finance, affiliation not provided to SSRN, University of Cambridge and Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences

Abstract:

International corporate governance, Expropriation, Related party transactions, Tunneling

7.

'Once-in-a-Generation' Yen Volatility in 1998: Fundamentals, Intervention, and Order Flow

Arizona State University Working Paper No. 99/7
Number of pages: 34 Posted: 24 Feb 2000
Jun Cai, Stephen Yan-Leung Cheung, Raymond S. Lee and Michael Melvin
City University of Hong Kong (CityUHK) - Department of Economics & Finance, City University of Hong Kong (CityUHK) - Department of Economics & Finance, City University of Hong Kong (CityUHK) and University of California, San Diego (UCSD) - Rady School of Management
Downloads 418 (53,383)
Citation 33

Abstract:

8.
Downloads 308 ( 77,188)
Citation 2

A High-Low Model of Daily Stock Price Ranges

CESifo Working Paper Series No. 2387
Number of pages: 45 Posted: 08 Sep 2008
Stephen Yan-Leung Cheung, Yin-Wong Cheung and Alan T. K. Wan
City University of Hong Kong (CityUHK) - Department of Economics & Finance, City University of Hong Kong - Department of Economics & Finance and City University of Hong Kong (CityUHK) - Department of Management Sciences
Downloads 210 (115,349)
Citation 2

Abstract:

daily high, daily low, VECM model, forecast performance, implied volatility

A High-Low Model of Daily Stock Price Ranges

HKIMR Working Paper No.3/2009
Number of pages: 42 Posted: 02 Feb 2009
Stephen Yan-Leung Cheung, Yin-Wong Cheung and Alan T. K. Wan
City University of Hong Kong (CityUHK) - Department of Economics & Finance, City University of Hong Kong - Department of Economics & Finance and City University of Hong Kong (CityUHK) - Department of Management Sciences
Downloads 98 (218,178)
Citation 2

Abstract:

Daily High, Daily Low, VECM Model, Forecast Performance, Implied Volatility

9.

Ownership Concentration and Executive Compensation in Closely Held Firms: Evidence from Hong Kong

HKIMR Working Paper No. 14/2003
Number of pages: 53 Posted: 27 Aug 2007
Aris Stouraitis, Anita Wong and Stephen Yan-Leung Cheung
Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences, affiliation not provided to SSRN and City University of Hong Kong (CityUHK) - Department of Economics & Finance
Downloads 295 (77,188)
Citation 7

Abstract:

ownership structure, executive compensation, corporate governance

10.

Scorecard on Corporate Governance in East Asia

CIGI Working Paper No. 13
Number of pages: 49 Posted: 25 Feb 2007
Hasung Jang and Stephen Yan-Leung Cheung
Korea University - Department of Finance and City University of Hong Kong (CityUHK) - Department of Economics & Finance
Downloads 283 (80,656)

Abstract:

Corporate Governance, East Asia, PECC, survey, asian financial crisis, financial reform, market perceptions

11.

IPO Performance Under Different Regulatory Regimes: Evidence from Hong Kong

Number of pages: 23 Posted: 02 Feb 2004
Yuen-ching Tse, Wai-yan Cheng and Stephen Yan-Leung Cheung
City University of Hong Kong (CityUHK) - Department of Economics & Finance, City University of Hong Kong (CityUHK) - Department of Economics & Finance and City University of Hong Kong (CityUHK) - Department of Economics & Finance
Downloads 194 (117,346)

Abstract:

Initial public offerings, Regulatory change, Aftermarket performance

The Impact on IPO Performance of More Stringent Listing Rules with a Pre-Listing Earnings Requirement: Evidence from Hong Kong

HKIMR Working Paper No. 17/2005
Number of pages: 24 Posted: 22 Aug 2007
Wai-yan Cheng, Yuen-ching Tse and Stephen Yan-Leung Cheung
City University of Hong Kong (CityUHK) - Department of Economics & Finance, City University of Hong Kong (CityUHK) - Department of Economics & Finance and City University of Hong Kong (CityUHK) - Department of Economics & Finance
Downloads 147 (159,965)
Citation 2

Abstract:

IPO, regulatory change, Hong Kong

The Impact on IPO Performance of More Stringent Listing Rules With a Pre-Listing Earnings Requirement: Evidence from Hong Kong

Journal of Business Finance & Accounting, Vol. 33, No. 5-6, pp. 868-884, June/July 2006
Number of pages: 17 Posted: 13 Aug 2006
Wai-yan Cheng, Yuen-ching Tse and Stephen Yan-Leung Cheung
City University of Hong Kong (CityUHK) - Department of Economics & Finance, City University of Hong Kong (CityUHK) - Department of Economics & Finance and City University of Hong Kong (CityUHK) - Department of Economics & Finance
Downloads 11 (495,340)
Citation 2
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Abstract:

13.

East Asian Equity Markets, Financial Crises, and the Japanese Currency

HKIMR Working Paper No. 03/2003
Number of pages: 19 Posted: 04 Sep 2007
Yin-Wong Cheung, K. C. Ng and Stephen Yan-Leung Cheung
City University of Hong Kong - Department of Economics & Finance, affiliation not provided to SSRN and City University of Hong Kong (CityUHK) - Department of Economics & Finance
Downloads 75 (254,415)
Citation 2

Abstract:

Causality, Yen Effect, Market Interaction, Financial Crisis

14.

A Note on the Intraday Patterns of Initial Public Offerings: Evidence from Hong Kong

Journal of Business Finance & Accounting, Vol. 31, No. 5-6, pp. 837-860, June 2004
Number of pages: 24 Posted: 11 Jul 2004
Wai-yan Cheng, Ka-Kit Po and Stephen Yan-Leung Cheung
City University of Hong Kong (CityUHK) - Department of Economics & Finance, City University of Hong Kong and City University of Hong Kong (CityUHK) - Department of Economics & Finance
Downloads 31 (377,696)
Citation 1
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Abstract:

15.

Listing Requirements, Uncertainty, and Underpricing of IPOs

Posted: 22 Oct 2000
S.L. Cheung, Richard Ho and Stephen Yan-Leung Cheung
affiliation not provided to SSRN, City University of Hong Kong (CityUHK) - Department of Economics & Finance and City University of Hong Kong (CityUHK) - Department of Economics & Finance

Abstract:

16.

Bid-Ask Spread and Arbitrage Profitability: A Study of the Hong Kong Index Futures and Options Market

Posted: 12 Dec 1996
Kee-Hong Bae, Kalok Chan and Stephen Yan-Leung Cheung
York University - Schulich School of Business, CUHK Business School and City University of Hong Kong (CityUHK) - Department of Economics & Finance

Abstract: