Hong Zou

The University of Hong Kong - Faculty of Business and Economics

Prof.

China

SCHOLARLY PAPERS

38

DOWNLOADS
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SSRN RANKINGS

Top 6,870

in Total Papers Downloads

9,173

SSRN CITATIONS
Rank 3,713

SSRN RANKINGS

Top 3,713

in Total Papers Citations

127

CROSSREF CITATIONS

234

Scholarly Papers (38)

The Real and Financial Implications of Corporate Hedging

Forthcoming, Journal of Finance
Number of pages: 42 Posted: 17 Mar 2010 Last Revised: 02 Jan 2011
Cornell University - Samuel Curtis Johnson Graduate School of Management, The University of Hong Kong - Faculty of Business and Economics, City University of Hong Kong (CityU) - Department of Economics & Finance and The University of Hong Kong - Faculty of Business and Economics
Downloads 300 (141,681)
Citation 13

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Hedging, risk management, financing terms, investment spending, instrumental variables

The Real and Financial Implications of Corporate Hedging

NBER Working Paper No. w16622
Number of pages: 35 Posted: 27 Dec 2010 Last Revised: 03 Jun 2022
Cornell University - Samuel Curtis Johnson Graduate School of Management, The University of Hong Kong - Faculty of Business and Economics, City University of Hong Kong (CityU) - Department of Economics & Finance and The University of Hong Kong - Faculty of Business and Economics
Downloads 52 (523,939)

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2.

CEOs’ Military Experience, Agency Costs and Acquisition Decisions

Number of pages: 43 Posted: 23 Sep 2011 Last Revised: 25 Oct 2013
The University of Hong Kong - Faculty of Business and Economics, City University of Hong Kong (CityU) - Department of Economics & Finance, Loyola Marymount University - Department of Finance and The University of Hong Kong - Faculty of Business and Economics
Downloads 979 (33,101)
Citation 9

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military service, agency costs, mergers and acquisitions

3.

Covenants, Creditors’ Simultaneous Equity Holdings, and Firm Investment Policies

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 52 Posted: 27 Dec 2013 Last Revised: 16 Jul 2018
Sudheer Chava, Rui Wang and Hong Zou
Georgia Institute of Technology - Scheller College of Business, Lingnan University and The University of Hong Kong - Faculty of Business and Economics
Downloads 799 (43,881)
Citation 12

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Dual ownership; Loan covenant; Capital expenditure; Waiver; Difference-in-differences; Regression discontinuity

4.

Directors’ and Officers’ Liability Insurance and Loan Spreads

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 64 Posted: 20 Jun 2011 Last Revised: 15 Aug 2013
The University of Hong Kong - Faculty of Business and Economics, Loyola Marymount University - Department of Finance, Lingnan University and The University of Hong Kong - Faculty of Business and Economics
Downloads 783 (45,136)
Citation 14

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Directors’ and officers’ liability insurance, Loan spreads, Credit risk, Cost of debt financing

5.

Does Target Tax Aggressiveness Matter in Corporate Takeovers?

Number of pages: 45 Posted: 21 Dec 2012 Last Revised: 28 Nov 2017
Washington University in Saint Louis - Olin School of Business, The University of Hong Kong, The Chinese University of Hong Kong, Shenzhen and The University of Hong Kong - Faculty of Business and Economics
Downloads 681 (54,291)
Citation 2

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M&As, Tax aggressiveness, tax avoidance, due diligence, acquisition premium

6.

Friend or Foe? The Role of State and Mutual Fund Ownership in the Split Share Structure Reform in China

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 32 Posted: 21 Feb 2010
Michael Firth, Chen Lin and Hong Zou
Lingnan University - Department of Finance and Insurance, The University of Hong Kong - Faculty of Business and Economics and The University of Hong Kong - Faculty of Business and Economics
Downloads 513 (77,594)
Citation 14

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mutual funds, state ownership, share structure reform, shareholder activism, China

7.

Directors’ and Officers’ Liability Insurance and Acquisition Outcomes

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 45 Posted: 18 Jul 2010 Last Revised: 23 Jul 2011
Chen Lin, Micah S. Officer and Hong Zou
The University of Hong Kong - Faculty of Business and Economics, Loyola Marymount University - Department of Finance and The University of Hong Kong - Faculty of Business and Economics
Downloads 468 (86,702)
Citation 14

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D&O Insurance, Merger and Acquisition

8.

Directors’ and Officers’ Liability Insurance and the Cost of Equity Capital

Journal of Accounting & Economics (JAE), Vol. 61, No. 1, 2016
Number of pages: 47 Posted: 12 May 2011 Last Revised: 13 Nov 2017
Hong Kong University of Science and Technology, National University of Singapore (NUS) and The University of Hong Kong - Faculty of Business and Economics
Downloads 457 (89,178)
Citation 7

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legal liabilities, directors' and officers' (D&O) insurance; cost of equity; investor protection

9.

The Effects of Government Quality on Corporate Cash Holdings

Journal of Corporate Finance, Forthcoming
Number of pages: 43 Posted: 10 Dec 2011 Last Revised: 19 Jun 2014
University of International Business and Economics, Beijing Foreign Studies University, University of Macau and The University of Hong Kong - Faculty of Business and Economics
Downloads 421 (98,080)
Citation 6

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Cash holding, Government quality, Institutions, Property rights, Twin agency problems, China

10.

Political Costs and Corporate Tax Avoidance: Evidence from Sin Firms

Journal of Accounting and Public Policy, Forthcoming
Number of pages: 46 Posted: 09 Sep 2017 Last Revised: 25 Apr 2021
The Chinese University of Hong Kong, Shenzhen, University of Oregon, Hong Kong Polytechnic University and The University of Hong Kong - Faculty of Business and Economics
Downloads 351 (120,556)
Citation 1

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political capital, political cost, tax avoidance, sin firms

11.

Managerial Liability and Corporate Innovation: Evidence from a Legal Shock

Singapore Management University School of Accountancy Research Paper No. 2021-130, Journal of Corporate Finance, Forthcoming
Number of pages: 59 Posted: 15 Nov 2017 Last Revised: 20 Jun 2021
Nanyang Business School, Nanyang Technological University, Singapore Management University - School of Accountancy, City University of Hong Kong and The University of Hong Kong - Faculty of Business and Economics
Downloads 339 (125,300)

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Innovation, Risk Taking, Legal Liability, Litigation Risk, Nevada

12.

What's in a Name? The Valuation Effect of Directors' Sharing of Surnames

Journal of Banking and Finance, Forthcoming
Number of pages: 61 Posted: 01 Apr 2017 Last Revised: 26 Oct 2020
Southwestern University of Finance and Economics (SWUFE), University of Macau, Hong Kong Polytechnic University and The University of Hong Kong - Faculty of Business and Economics
Downloads 268 (159,792)

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Surname, Social Tie, Board Diversity, Firm Value, Board Voting, Executive Compensation

13.

The Unintended Externalities of an Environmental Regulation: Evidence from the NOx Budget Trading Program

Number of pages: 52 Posted: 13 Apr 2022 Last Revised: 01 Aug 2022
Tse-Chun Lin, Yiyuan Zhou and Hong Zou
The University of Hong Kong - Faculty of Business and Economics, The University of Hong Kong - Faculty of Business and Economics and The University of Hong Kong - Faculty of Business and Economics
Downloads 212 (200,173)

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Emissions; Unintended Externalities; Energy Costs; Managerial Short-termism; NOx Budget Trading Program; Pass-through; Pollution Inequality

14.

Director Liability Protection and the Quality of Outside Directors

European Corporate Governance Institute – Finance Working Paper No. 672/2020
Number of pages: 83 Posted: 05 Feb 2019 Last Revised: 17 Dec 2020
University of New South Wales, Sydney, The University of Hong Kong and The University of Hong Kong - Faculty of Business and Economics
Downloads 209 (202,886)
Citation 1

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Legal liability, board of directors, board quality, litigation, derivative suits

15.

Do Financial Regulations Shape the Functioning of Financial Institutions’ Risk Management in ABS Investment?

Review of Financial Studies, Forthcoming
Number of pages: 61 Posted: 24 Jul 2017 Last Revised: 14 Nov 2019
Shanghai University of Finance and Economics, Kansas State University - College of Business Administration, University of Texas at Dallas - Naveen Jindal School of Management and The University of Hong Kong - Faculty of Business and Economics
Downloads 197 (214,168)
Citation 1

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financial institutions; asset-backed securities; risk management; financial regulations

16.

Controlling-Minority Shareholder Incentive Conflicts and Directors’ and Officers’ Liability Insurance: Evidence from China

Journal of Banking and Finance, Vol. 32, No. 12, 2008
Number of pages: 30 Posted: 03 Aug 2010
The University of Hong Kong - Faculty of Business and Economics, Lingnan University - Department of Finance and Insurance, Lingnan University and Florida International University (FIU) - Department of Economics
Downloads 196 (215,175)
Citation 4

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17.

Is Skin in the Game a Game Changer? Evidence from Mandatory Changes to D&O Insurance Policies

Journal of Accounting & Economics (JAE), Forthcoming
Number of pages: 54 Posted: 29 Mar 2017 Last Revised: 29 Jan 2019
The University of Hong Kong - Faculty of Business and Economics, Loyola Marymount University - Department of Finance, The University of Hong Kong - Faculty of Business and Economics and The University of Hong Kong - Faculty of Business and Economics
Downloads 195 (216,149)
Citation 1

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Directors and officers (D&O) liability, D&O insurance, deductibles, firm value, risk taking

18.

Enterprise Resource Planning System Usage and Stock Price Crash Risk

Number of pages: 55 Posted: 13 Feb 2018 Last Revised: 10 May 2021
Feng Cao, Jian Sun, Rongli Yuan and Hong Zou
Hunan University - Business School, Central University of Finance and Economics (CUFE) - School of Accountancy, Renmin University of China - School of Business and The University of Hong Kong - Faculty of Business and Economics
Downloads 186 (225,232)

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ERP adoption; stock price crash risk; internal control; financial restatements; keep up with the Joneses

19.

Debt Capacity, Cost of Debt and Corporate Insurance

Journal of Financial and Quantitative Analysis (JFQA), Vol. 43, No. 2, 2008
Number of pages: 58 Posted: 03 Aug 2010
Hong Zou and Mike Adams
The University of Hong Kong - Faculty of Business and Economics and affiliation not provided to SSRN
Downloads 156 (261,402)
Citation 6

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20.

Serving Multiple ‘Masters’: Evidence from the Loan Decisions of a State-Owned Publicly Listed Bank Around a Massive Economic Stimulus Programme

Journal of Corporate Finance, 2022
Number of pages: 49 Posted: 21 Sep 2020 Last Revised: 20 Jan 2022
Hongqi Yuan, Yiyuan Zhou and Hong Zou
Fudan University - School of Management, The University of Hong Kong - Faculty of Business and Economics and The University of Hong Kong - Faculty of Business and Economics
Downloads 142 (281,668)

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internal rating; loan; interest rate; state-owned banks; economic stimulus

Board Characteristics and Profit Efficiency in the United Kingdom Life Insurance Industry

Number of pages: 47 Posted: 07 Feb 2012
Philip Hardwick, Mike Adams and Hong Zou
Bournemouth University - School of Finance and Law - Director of the Centre for Financial Services, affiliation not provided to SSRN and The University of Hong Kong - Faculty of Business and Economics
Downloads 136 (292,450)
Citation 3

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Board Characteristics and Profit Efficiency in the United Kingdom Life Insurance Industry

Journal of Business Finance & Accounting, Vol. 38, Issue 7‐8, pp. 987-1015, 2011
Number of pages: 29 Posted: 13 Oct 2011
Philip Hardwick, Mike Adams and Hong Zou
Bournemouth University - School of Finance and Law - Director of the Centre for Financial Services, affiliation not provided to SSRN and The University of Hong Kong - Faculty of Business and Economics
Downloads 1 (928,575)
Citation 1

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profit efficiency, life insurance, corporate governance, United Kingdom

Chief Executive Officer Incentives, Monitoring, and Corporate Risk Management: Evidence from Insurance Use

Number of pages: 37 Posted: 08 Feb 2012
Mike Adams, Chen Lin and Hong Zou
affiliation not provided to SSRN, The University of Hong Kong - Faculty of Business and Economics and The University of Hong Kong - Faculty of Business and Economics
Downloads 135 (294,102)
Citation 3

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Corporate Risk Management, Insurance, Corporate Governance, Managerial Incentives, Monitoring, China

23.

Does the Threat of Securities Class Actions Add Value for Shareholders? Evidence from China’s Adoption of Securities Class Actions

Number of pages: 1 Posted: 06 Apr 2022 Last Revised: 28 Jul 2022
Cornell University, Tongji University - School of Economics and Management, Renmin University of China and The University of Hong Kong - Faculty of Business and Economics
Downloads 119 (321,591)

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24.

Hedging Affecting Firm Value via Financing and Investments: Evidence from Property Insurance Use

Financial Management, Forthcoming
Number of pages: 55 Posted: 02 Aug 2010
Hong Zou
The University of Hong Kong - Faculty of Business and Economics
Downloads 116 (327,397)

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25.

Underwriting and Investment Risks in the Property-Liability Insurance Industry: Evidence Prior to the 9-11 Event

Review of Quantitative Finance and Accounting, Forthcoming
Number of pages: 38 Posted: 30 Oct 2010 Last Revised: 30 Sep 2013
The University of Hong Kong - Faculty of Business and Economics, affiliation not provided to SSRN, Florida Atlantic University and University of Texas at Austin
Downloads 110 (339,775)

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26.

Does Property Rights Protection Affect Corporate Risk Management Strategy? Intra- and Cross-Country Evidence

Number of pages: 52 Posted: 23 Mar 2011
Chen Lin, Ping Lin and Hong Zou
The University of Hong Kong - Faculty of Business and Economics, Lingnan University - Department of Economics and The University of Hong Kong - Faculty of Business and Economics
Downloads 100 (362,044)
Citation 4

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27.

Corruption Costs and Corporate Disclosure of Customers: Evidence from a Quasi-Natural Experiment in China

Number of pages: 46 Posted: 01 Jan 2022 Last Revised: 29 Apr 2022
Wei Jiang, Wentao Yao and Hong Zou
Renmin University of China, Xiamen University - School of Management and The University of Hong Kong - Faculty of Business and Economics
Downloads 83 (406,090)

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Corporate corruption, anti-corruption, supply chain, customers, media coverage

28.

Stakeholder Orientation, Agency Problems of Free Cash Flow, and the Cost of Equity: Evidence from a Natural Experiment

Number of pages: 1 Posted: 07 Jul 2020
Zhihong Chen, Sichen Shen and Hong Zou
Hong Kong University of Science and Technology, The University of Hong Kong and The University of Hong Kong - Faculty of Business and Economics
Downloads 82 (408,963)

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CSR, ESG, Stakeholder Orientation, the Cost of Equity, Agency Problems, Free Cash Flow

29.

The Real Effects of Tick-Size Adjustments: Evidence from the 2016 Tick-Size Pilot

Number of pages: 43 Posted: 01 Jan 2022 Last Revised: 19 Jan 2022
Chen Lin, Wentao Yao and Hong Zou
The University of Hong Kong - Faculty of Business and Economics, Xiamen University - School of Management and The University of Hong Kong - Faculty of Business and Economics
Downloads 80 (414,861)

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Tick size pilot, Stock liquidity, M&A investment, M&A payment, Horizontal mergers

30.

Dividend Decisions in the Property & Liability Insurance Industry: Mutual Versus Stock Companies

Review of Quantitative Finance and Accounting, Vol. 33, No. 2, 2009
Number of pages: 36 Posted: 03 Aug 2010 Last Revised: 30 Sep 2013
The University of Hong Kong - Faculty of Business and Economics, Florida Atlantic University, University of Texas at Austin and Nankai School of Business
Downloads 77 (424,078)
Citation 3

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31.

Governance by One-Lot Shares

Number of pages: 1 Posted: 21 Sep 2020 Last Revised: 14 Dec 2021
Hunan University - Business School, University of California, Irvine - Paul Merage School of Business, Renmin University of China - School of Business and The University of Hong Kong - Faculty of Business and Economics
Downloads 73 (436,703)

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investor protection, shareholder activism, independent director voting, tunneling

32.

Does Property Rights Protection Affect Corporate Risk Management Strategy? Intra- and Cross-Country Evidence

Number of pages: 47 Posted: 24 Mar 2008 Last Revised: 04 Jan 2012
Chen Lin, Ping Lin and Hong Zou
The University of Hong Kong - Faculty of Business and Economics, Lingnan University - Department of Economics and The University of Hong Kong - Faculty of Business and Economics
Downloads 50 (523,898)

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Property Rights, Risk Management, Corporate Insurance, China

33.

Executive Fiduciary Duties and Workplace Safety

Number of pages: 53 Posted: 08 Feb 2022 Last Revised: 28 May 2022
The University of Hong Kong, University of Houston, C. T. Bauer College of Business and The University of Hong Kong - Faculty of Business and Economics
Downloads 49 (528,310)

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Executive fiduciary duties, Workplace safety, Operational risk management, Gantler ruling

34.

Quid Pro Quo in IPO Auctions

Number of pages: 52 Posted: 12 Jan 2021 Last Revised: 26 May 2022
National Taiwan University - Department of Finance, University of Electronic Science and Technology of China (UESTC) - School of Economics and Management, School of Management & Economics, University of Electronic Science and Technology of China (UESTC) and The University of Hong Kong - Faculty of Business and Economics
Downloads 49 (528,310)

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uniform price; auction; quid pro quo; underwriter favoritism

35.

Does Mobile Payment Adoption Reduce Corruption? Cross-country Evidence

Number of pages: 57 Posted: 25 Jul 2022
Lin Tang, Yuhai Xuan and Hong Zou
The University of Hong Kong, University of California, Irvine - Paul Merage School of Business and The University of Hong Kong - Faculty of Business and Economics
Downloads 9 (808,231)

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FinTech, Mobile payment, Digital payment, Regulation, Corruption, Cross-country

36.

Directors’ Service Horizon and Managerial Myopia: Evidence from Real Earnings Management

Posted: 02 Sep 2021
Rui Wang and Hong Zou
Lingnan University and The University of Hong Kong - Faculty of Business and Economics

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Board of directors; Service horizon; Managerial myopia; Real earnings management; Mergers and acquisitions

37.

Directors’ and Officers’ Liability Insurance and the Cost of Equity

Journal of Accounting & Economics (JAE), Forthcoming
Posted: 07 May 2015
Hong Kong University of Science and Technology, National University of Singapore (NUS) and The University of Hong Kong - Faculty of Business and Economics

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legal liabilities, directors’ and officers’ (D&O) insurance; cost of equity; investor protection

38.

The Effectiveness of Using a Basis Hedging Strategy to Mitigate the Financial Consequences of Weather-Related Risks

North American Actuarial Journal, v. 14 n. 2, p. 157-175, 2010
Posted: 25 Sep 2013
University of Texas at Austin - Red McCombs School of Business, Florida Atlantic University and The University of Hong Kong - Faculty of Business and Economics

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default risk, basis risk, perception errors, weather risk management