Email

annavong@um.edu.mo

Tel

+853 8822-4667

Office

E22-4039
Faculty of Business Administration
University of Macau, E22
Avenida da Universidade,
Taipa, Macau, China

Associate Professor in Finance

Academic Qualifications

  • PhD. in Finance, Instituto Superior de Ciencias do Trabalho e da Empresa, Portugal
  • MBA in Strategic Management, University of Macau, Macau
  • BBA in Accounting and Finance, University of Macau, Macau

Related Working Experiences

  • Associate Professor, Faculty of Business Administration, University of Macau, 2017 – present
  • Honors College Program Coordinator, University of Macau, August 2022 – present
  • Centre for Teaching and Learning Enhancement (CTLE) Advisor, University of Macau, August 2021 –  August 2022
  • Fellow, Henry Fok Pearl Jubilee College, University of Macau, August 2015 – present
  • Assistant Professor, Faculty of Business Administration, University of Macau, 2000 – 2017
  • Lecturer, Faculty of Business Administration, University of Macau, 1995 – 2000
  • Teaching Assistant, Faculty of Business Administration, University of Macau, 1991 – 1995

Teaching

  • Undergraduate Courses
    • Corporate Finance (FINC2003)
    • Financial Management (FINC210)
    • Financial Management I (FINC300)
    • Financial Management II (FINC301)
    • Management of Financial Institutions (FINC312)
    • Financial Institutions: Cases, Policies and Practices (FINC320)
    • International Finance (FINC420)
    • International Finance & Global Issues (FINC431)
  • Postgraduate Courses
    • Managerial Finance (FINC711)
    • International Finance (IMBB130)
    • Corporate Finance (FM202)

Research Interests

  • Banking Performance
  • Corporate Finance
  • Corporate Governance
  • Venture Capital

Grants and Awards

  • FBA Dean’s Award 2020/2021 – Teaching Excellence
  • Best paper Award, 2013. ‘Venture Capital Participation and the Performance of Chinese IPOs’, 3rd Global Accounting, Finance & Economics Conference, Melbourne
  • An Examination of IPO Underpricing in Hong Kong, funded by the Research Committee of University of Macau, 2006-2007, Principal Investigator.
  • State Equity Ownership and Firm Performance: evidence from China’s privatization experience,funded by the Research Committee of University of Macau, 2008-2009, Principal Investigator.

Selected Journal Papers

  1. Vong, P. I. and Trigueiros, D., 2024. Improved methods for identifying the operational determinants of a bank’s capital ratio, Applied Economics. DOI: https://doi.org/10.1080/00036846.2024.2364110
  2. Vong, P. I. and Trigueiros, D., 2017. Evidence on the effect of ‘Claw-Back’ provisions on IPO share allocation and underpricing in Hong Kong, Applied Economics, 49, 5231-5244.
  3. Otchere, I. and Vong , P. I., 2016. Venture Capital Participation and the Performance of Chinese IPOs, Emerging Markets Review, 29, 226-245.
  4. Vong, P. I. and Trigueiros, D., 2014. Reversal in the relative performance of state- and legal person-owned companies during the Chinese split share structure reform, Applied Economics, 46, 1728-1750.
  5. Vong, P. I. and Trigueiros, D., 2010. The Short-run Price Performance of initial public offerings in Hong Kong: new evidence, Global Finance Journal, 21, 253-261.
  6. Vong, P. I. and Trigueiros, D., 2009. An Empirical Extension of Rock’s IPO Underpricing Model to Three Distinct Groups of Investors, Applied Financial Economics, 17, 1257-1268.
  7. Vong, P. I. and Zhao, N., 2008. An Examination of IPO underpricing in the Growth Enterprise Market of Hong Kong, Applied Financial Economics, 18, 1539-1547.
  8. Vong, P. I. and Chan, H. S.,2009. Determinants of Bank Profitability in Macau, Macau Monetary Research Bulletin, 12, 93-113.
  9. Vong, P. I., 2006. Rate of Subscription and After-Market Volatility in Hong Kong IPO, Applied Financial Economics, 16, 1217-1224
  10. Vong, P. I. and Patricio, A. P., 2007. Internal Credit Risk Rating Systems in the Macau Banking Sector, Macau Monetary Research Bulletin, 2, 123-137.
  11. Patricio, A. P. and P. I. Vong, 2005. Credit Risk Assessment in Macau Banking Sector, Euro Asia Journal of Management, 30, 113-124.
  12. Vong, P.I., 2000. The Role of Underwriters on the Underpricing of Hong Kong IPO’s, Euro Asia Journal of Management, 20, 53-60.

Selected Conference Papers

  1. Tam, K.P and Vong, P. I., Evidence of changes in the Transmission Mechanism of Monetary Policy in the US during the financial crisis, The 23rd Conference on the Theories and Practices of Securities and Financial Markets, Taiwan, 2015.
  2. Otchere, I. and Vong , P.I., Venture Capital Participation and the Performance of Chinese IPOs, The 3rd Global Accounting, Finance and Economics Conference, Australia, 2013.
  3. Otchere, I. and Vong , P.I., Venture Capital Participation and the Performance of Chinese IPOs, The 20th Conference on the Theories and Practices of Securities and Financial Markets, Taiwan, 2012.
  4. Otchere, I. and Vong , P.I., Venture Capital Participation and the Performance of Chinese IPOs, The World Finance Conference, Shanghai, 2012.
  5. The Third Annual Online Workshop on Venture Capital and Private Equity in the Asia Pacific Region, Asian Finance Association, Australia, 2012.
  6. Vong, P. I. and Trigueiros, D., Lessons from the Chinese privatization process: reversal in investors’ perception of the relative value of state and legal person owned companies during the Split Share Structure reform, The Asian Finance Association (Asian FA) and Taiwan Finance Association (TFA) 2012 Joint International Conference, Taiwan, 2012.
  7. Vong, P. I. and Trigueiros, D., Legal Lessons from the Chinese privatization process: reversal in investors’ perception of the relative value of state and legal person owned companies during the Split Share Structure reform, The 7th Finance Conference of the Portuguese Finance Network, Portugal, 2012.
  8. Vong, P. I. and Trigueiros, D., The reversal in performance of State and Legal Person owned companies during the Chinese Split Share Structure Reform, The 19th Conference on the Theories and Practices of Securities and Financial Markets, Taiwan, 2011.
  9. Vong, P. I. and Trigueiros, D., Indirect state ownership and corporate performance of China’s privatized companies, The 6th Finance Conference of the Portuguese Finance Network, Portugal, 2010.
  10. Vong, P. I.., The winner’s curse problem and short term performance of IPOs in Hong Kong, The 22nd Annual Australasian Finance and Banking Conference, Sydney, 2009.
  11. Vong, P. I. and Lin, Y. J., Ownership structure and corporate performance of China’s privatized enterprises, The 16th Conference on the Theories and Practices of Securities and Financial Markets, Taiwan, 2008.
  12. Vong, P. I. and Lin, Y. J., State ownership and corporate performance: evidence from Chinese Listed firms, The 21st Annual Australasian Finance and Banking Conference, Sydney, 2008.
  13. Vong, P. I. and Zhao, N., The short-run price performance of initial public offerings in Hong Kong, The 15th Conference on the Theories and Practices of Securities and Financial Markets, Taiwan, 2007.
  14. Vong, P. I. and Zhao, N., The short-run price performance of initial public offerings in Hong Kong, The 19th Annual Australasian Finance and Banking Conference, Sydney, 2006.
  15. Vong, P. I. and Chan, H. S., Determinants of Bank Profitability in Macau, The 30th Anniversary of Journal of Banking and Finance Conference, Beijing, 2006.
  16. Vong, P. I., Why Are New Equity Offerings Underpriced?, The Third South China International Business Symposium, Macau, 1998.

Professional Society Membership

  • Asian Finance Association
  • Financial Management Association