Hong Zou

The University of Hong Kong Faculty of Business and Economics

Hong Kong

SCHOLARLY PAPERS

28

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6,234

CITATIONS
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in Total Papers Citations

70

Scholarly Papers (28)

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 (CityUHK) - Department of Economics & Finance and The University of Hong Kong Faculty of Business and Economics
Downloads 218 (136,378)
Citation 18

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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
Cornell University - Samuel Curtis Johnson Graduate School of Management, The University of Hong Kong - Faculty of Business and Economics, City University of Hong Kong (CityUHK) - Department of Economics & Finance and The University of Hong Kong Faculty of Business and Economics
Downloads 39 (427,547)
Citation 18

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2.

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 and Computer Information Systems, Lingnan University and The University of Hong Kong Faculty of Business and Economics
Downloads 697 (34,960)
Citation 1

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

3.

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 (CityUHK) - Department of Economics & Finance, Loyola Marymount University - Department of Finance and Computer Information Systems and The University of Hong Kong Faculty of Business and Economics
Downloads 696 (35,101)
Citation 1

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military service, agency costs, mergers and acquisitions

4.

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
Georgia Institute of Technology - Scheller College of Business, Lingnan University and The University of Hong Kong Faculty of Business and Economics
Downloads 667 (37,138)

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

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 570 (45,817)

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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 451 (61,428)
Citation 16

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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 Computer Information Systems and The University of Hong Kong Faculty of Business and Economics
Downloads 413 (68,298)
Citation 3

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D&O Insurance, Merger and Acquisition

8.

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 (UIBE) - Business School, Beijing Foreign Studies University, Cardiff Business School, Cardiff University and The University of Hong Kong Faculty of Business and Economics
Downloads 396 (71,835)

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

9.

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 339 (86,069)
Citation 1

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

10.

Political Costs and Corporate Tax Avoidance: Evidence from Sin Firms

Number of pages: 44 Posted: 09 Sep 2017 Last Revised: 19 Dec 2018
The Chinese University of Hong Kong, Shenzhen, University of Oregon, Jinan University - Management School and The University of Hong Kong Faculty of Business and Economics
Downloads 176 (167,463)

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political capital, political cost, tax avoidance, sin firms

11.

Managerial Liability and Corporate Innovation: Evidence from a Legal Shock

Number of pages: 52 Posted: 15 Nov 2017 Last Revised: 19 Dec 2018
City University of Hong Kong - College of Business, Singapore Management University - School of Accountancy, City University of Hong Kong and The University of Hong Kong Faculty of Business and Economics
Downloads 171 (170,952)

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Innovation, Risk taking, Legal liability, Litigation risk, Nevada

12.

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, Lingnan University and Florida International University (FIU) - Department of Economics
Downloads 163 (178,158)
Citation 8

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13.

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

Number of pages: 57 Posted: 01 Apr 2017 Last Revised: 12 Jul 2018
Southwestern University of Finance and Economics (SWUFE), Cardiff Business School, Cardiff University, University of Manchester and The University of Hong Kong Faculty of Business and Economics
Downloads 159 (182,004)

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

14.

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 133 (210,547)
Citation 10

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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 121 (227,371)
Citation 2

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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 (664,671)
Citation 2
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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 118 (231,767)
Citation 5

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

17.

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 106 (249,137)
Citation 4

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18.

Enterprise Resource Planning System Adoption and Stock Price Crash Risk

Number of pages: 49 Posted: 13 Feb 2018 Last Revised: 06 Oct 2018
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 104 (254,150)

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

19.

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 and Computer Information Systems, The University of Hong Kong - Faculty of Business and Economics and The University of Hong Kong Faculty of Business and Economics
Downloads 103 (254,150)

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

20.

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 95 (268,122)

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21.

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 90 (277,483)

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22.

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

Number of pages: 67 Posted: 24 Jul 2017 Last Revised: 07 Oct 2018
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 88 (281,465)

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

23.

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 68 (327,071)
Citation 1

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24.

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 40 (414,843)

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Property Rights, Risk Management, Corporate Insurance, China

25.

Is There Information Production in Auctioned IPOs with Uniform Price?

Number of pages: 41 Posted: 05 Feb 2019 Last Revised: 09 Feb 2019
Bo Liu, Xinru Ma and Hong Zou
University of Electronic Science and Technology of China (UESTC), School of Management and Economics, University of Electronic Science and Technology of China and The University of Hong Kong Faculty of Business and Economics
Downloads 12 (555,677)

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IPO, uniform price, allocation discretion, auction, information production

26.

Personal Liability and Board Quality

Posted: 05 Feb 2019
University of New South Wales - Australian School of Business, The University of Hong Kong and The University of Hong Kong Faculty of Business and Economics

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Legal liability, board of directors, board quality, hiring

27.

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

28.

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