Prof. Hung Wan Kot
Assistant Professor in Finance
Programme Coordinator of Finance
Faculty of Business Administration
University of Macau, E22
Avenida da Universidade, Taipa, Macau, China
Contact Information
| Room: | E22-4053 |
| Telephone: | (853) 8822-4843 |
| E-mail: | hungwankot |
| Website: | https://sites.google.com/site/hungwankot/ |
- Ph.D. in Finance, HKUST, 2004
- BBA (Hons) in Finance, Hong Kong Baptist University, 1998
- Visiting Assistant Professor, Department of Economics and Finance, City University of Hong Kong (Sep. 2016 – Aug. 2017)
- Assistant Professor, Department of Finance and Decision Sciences, Hong Kong Baptist University (Sep. 2006 – Aug. 2016)
- Lecturer (permanent), Department of Finance, University of Waikato (Jan. 2005 – Aug. 2006)
- Winner of the Ph.D. Students Research Paper Competition, 2003, HKUST Business School.
- Ph.D. Student Travel Award, 2003, AFA annual meeting in Washington D.C.
- Research Travel Grant, 2002, 2003, HKUST.
- Full postgraduate fellowship, 1999 – 2004, HKUST Business School
- Finalist for Citibank University Marketing Award, 1997, Citibank (Hong Kong).
- The China and South Sea Bank Ltd. Scholarship, 1997, HKBU.
- Undergraduate Courses
- Portfolio Management (FINC3004)
- Mergers and Acquisitions (City University of Hong Kong)
- Financial Systems, Markets, and Instruments (City University of Hong Kong)
- Investment Management (HKBU)
- Multinational Finance (HKBU)
- Financial Management (HKBU)
- International Finance (University of Waikato)
- Derivative Securities (University of Waikato)
- Fundamentals of Business Finance (HKUST)
- Graduate Courses
- Corporate Finance (FINC7010)
- Investment Analysis and Portfolio Management (MBA and MSc in Putonghua teaching in Mainland China)
- Derivatives I (University of Waikato)
- Short selling, index revision, cross-listing, higher moments, name changes, IPOs, M&A, international markets, hospitality and tourism finance
- Co-investigator, Specialized Subsidy Scheme for Macao Higher Education Institutions in the Area of Research in Humanities and Social Sciences, 2019, Macau (Project title: Sustainable Development of Hospitality and Gaming Tourism Industries in Macau (Research Series) – Phase 1, Project No: 30/DSESHSS-UM/2019, MOP66,900, with Morris Liu).
- Principal investigator, Start-up Research Grant, 2017, University of Macau (Project title: Empirical asset pricing: Short selling and others, Project No: SRG2017-00103-FBA, MOP150,000, Duration: 36 months)
- Principal investigator, General Research Fund, 2015, Research Grants Council, Hong Kong (Project title: Does information environment change after reverse dual-listing?, Project No: 12501215, HK$278,000, with Lewis Tam).
- Principal investigator, General Research Fund, 2013, Research Grants Council, Hong Kong (Project title: Long-term performance after reverse cross-listing: Evidence from Chinese and Israeli stocks, Project No: 291213, HK$151,973, with Lewis Tam).
- Principal investigator, General Research Fund, 2008, Research Grants Council, Hong Kong (Project title: Short-sale constraints and A-H share premiums, Project No: 242408, HK$442,400, with Kalok Chan and Zhishu Yang).
- Principal investigator, Faculty Research Grant, 2011, Hong Kong Baptist University (Project title: Changes of institutional ownership composition and pricing effects: Evidence from S&P 500 Index additions and deletions, FRG2/10-11/072, HK$99,000, with Kalok Chan and Gordon Y.N. Tang).
- Principal investigator, Faculty Research Grant, 2008, Hong Kong Baptist University (Project title: Long-term performance of additions and deletions of Hang Seng Index constituent stocks, FRG/07-08/I-10, HK$49,700, with Gordon Y.N. Tang
- Principal investigator, Faculty Research Grant, 2007, Hong Kong Baptist University (Project title: The King’s new clothes? Price reaction of corporate name changes in the Hong Kong market, FRG/06-07/I-12, HK$42,820).
- Principal investigator, Contestable Research Funds, 2005, The University of Waikato Management School (Project title: What determines the short interest level, NZ$2,800).
- Liang Dong, Hung Wan Kot, and Keith S.K. Lam, 2020, China vs. U.S.: Is co-skewness risk priced differently? Asia-Pacific Journal of Accounting & Economics, In press. (ABS2)
- Adrian W. K. Cheung, Hung Wan Kot, Eric F. Y. Lam and Harry K. M. Leung, 2019, Toward understanding short-selling activity: Demand and supply, Accounting and Finance, in press. (ABS2)
- M. Fevzi Esen, Manisha Singal, Hung Wan Kot, and Ming-Hsiang Chen, 2019, Can insider trading of tourism companies predict future returns?, International Journal of Hospitality Management 83, 115-127.(ABS3)
- Hung Wan Kot, Ming-Hsiang Chen, Adrian W.K. Cheung, and Haiyu Huang, 2019, Understanding short selling activity in the hospitality industry, International Journal of Hospitality Management, 82, 136-148.(ABS3)
- Keith S.K. Lam, Liang Dong, and Hung Wan Kot, 2020, Are higher co-moments priced? A tale of two countries, Journal of Financial Studies, In press..
- Hung Wan Kot and Lewis H.K. Tam, 2016, Are stock prices more informative after dual-listing in emerging markets? Evidence from Hong Kong-listed Chinese companies, Pacific-Basin Finance Journal 36, 31-45. (ABS2)
- Hung Wan Kot, Harry K.M. Leung, and Gordon Y.N. Tang, 2015, The long-term performance of Hang Seng Index additions and deletions, International Review of Financial Analysis 42, 407-420.(ABS3)
- Kalok Chan, Hung Wan Kot, and Gordon Y.N. Tang, 2013, A comprehensive long-term analysis of S&P 500 Index additions and deletions, Journal of Banking & Finance 37, 4920-4930.(ABS3)
- Hung Wan Kot, 2011, Corporate name changes: Price reactions and long-run performance, Pacific Basin Finance Journal 19, 230-244.(ABS2)
- Kalok Chan, Hung Wan Kot, and Desmond Li, 2008, Portfolio concentration and closed-end fund discounts: Evidence from the China market, Emerging Markets Review, Vol. 9, Issue 2, 129-143.(ABS2)
- Hung Wan Kot, 2007, What determines the level of short-selling activity?, Financial Management, Vol. 36, Issue 4, 123-141.(ABS3)
- Abey Gunasekarage and Hung Wan Kot, 2007, Return-based investment strategies in the New Zealand stock market: Momentum wins, Pacific Accounting Review, Vol. 19, No. 2, 108-124.(ABS1)
- Kalok Chan and Hung Wan Kot, 2006, Can contrarian strategies improve momentum profits?, Journal of Investment Management, Vol. 4, No. 1, 70-89.
- Conferences
- AIB 2020 Miami Conference, July 2020 (accepted)
- The 31st Australasian Finance and Banking Conference at Sydney, Dec 2018 (Presenter and discussant)
- 2017 European Financial Management Association (EFMA) conference at Athens, Jul 2017 (Presented by co-author).
- The International Finance and Banking Society (IFABS) 2015 Conference in Hangzhou, Jun 2015 (Presenter).
- Asian FA 2015 in Changsha, Jun 2015 (Presenter, discussant, and session chair).
- 2015 Financial Markets and Corporate Governance Conference in Fremantle (Perth), Apr 2015 (Presented by co-author).
- Auckland Finance Meeting 2014 in Auckland, Dec 2014 (Presenter, discussant, and session chair).
- Asian FA 2014 in Bali, Jun 2014 (Presenter, discussant, and session chair).
- Asian FA 2013 in Nanchang, Jul 2013 (Presenter and discussant of two papers, session chair).
- FMA Asian annual meeting in Phuket, Thailand, Jul 2012 (Presenter and discussant).
- Asian FA/TFA 2012 Joint International Conference in Taipei, Jul 2012 (Two papers presented and discussant for two papers, session chair).
- Asian FA International Conference 2011 in Macau, Jul 2011 (Presented by co-author).
- 2011 China International Conference in Finance in Wuhan, Jul 2011 (Presenter and discussant).
- Fifth International Conference on Asia-Pacific Financial Markets in Seoul, Dec 2010 (Presenter).
- Asian FA International Conference 2010 in Hong Kong, Jun-Jul 2010 (Discussant).
- 2009 Hong Kong Joint Finance Research Workshop, Nov 2009 (Discussant).
- 2009 China International Conference in Finance in Guangzhou, Jul 2009 (Presenter and discussant).
- Asian FA International Conference 2009 in Brisbane, Jun-Jul 2009 (Presenter and discussant).
- Asian FA-NFA 2008 International Conference in Yokohama, Jul 2008 (Presenter and discussant).
- 2008 China International Conference in Finance in Dalian, Jul 2008 (Discussant).
- 15th Annual Global Finance Conference in Hangzhou, May 2008 (Two papers).
- Asian FA/FMA 2007 Finance Conference in Hong Kong, Jul 2007 (Presenter and discussant for two papers).
- 7th Accounting and Finance Conference, Xiamen, Jul 2007 (Presenter and discussant for two papers).
- 2007 China International Conference in Finance in Chengdu, Jul 2007 (Discussant).
- Asian FA/FMA 2006 Finance Conference in Auckland, Jul 2006 (Presenter and discussant).
- 18th Australasian Finance and Banking Conference in Sydney, Dec 2005 (Presenter).
- 2005 China International Conference in Finance in Kunming, Jul 2005 (Presenter).
- Asian FA/FMA 2005 Finance Conference in Kuala Lumpur, Jul 2005 (Presenter).
- Asian FA/TFA/FMA 2003-2004 Finance Conference in Taipei, Jul 2004 (Presenter and discussant).
- FMA International 2003 annual meeting in Denver, Oct 2003 (Discussant and presenter for two papers).
- APFA/PACAP/FMA 2002 Finance Conference in Tokyo, Jul 2002 (Presenter and discussant).
- Seminars
- Yunnan University, July 2019
- University of Macau, Nov 2016, Dec 2007
- Massey University, Aug 2016
- University of South Australia, Feb 2016
- Curtin University, Mar 2014
- Hong Kong Polytechnic University, Feb 2013, Feb 2008
- Nottingham University Ningbo, Nov 2012
- Shanghai University of Finance and Economics, Apr 2012
- Fudan University, Mar 2012
- HKBU, Jan 2011, May 2007, Jan 2006, Mar 2002
- University of New South Wales, Apr 2009
- Hang Seng Index Services Ltd., Jul 2009, Oct 2015
- Xiamen University, Dec 2008
- HKUST Ph.D. Student Workshop, May 2007, Dec 2007
- International University of Japan, Feb 2006, Feb 2004
- Renmin University of China, Dec 2005
- University of Waikato, New Zealand, Apr 2004, Jun 2005
- HKUST, Apr 2004
- Lewis H.K. Tam, Hung Wan Kot, Ming-Hsiang Chen, and Yiming Chang, 2020, Can aircraft-introducing methods affect the capital structure of commercial airlines?
- Hung Wan Kot, Frank W.K. Li, and Morris Liu, 2020, Reading preferences of short sellers: Evidence from annual reports.
- Hung Wan Kot, Liang Shao, and Lewis H.K. Tam, 2019, Cross-listing and reverse cross-listing: Role of national culture
- Hung Wan Kot, F.Y. Eric C. Lam, and K.C. John Wei, 2018, How pervasive and investable is the asset growth effect?
- Kalok Chan, Hung Wan Kot, and Sophie Ni, 2017, Does option trading affect the return predictability of short selling activity?
- Kalok Chan, Hung Wan Kot, and Zhishu Yang, 2010, Effects of short-sale constraints on stock prices and trading activity: Evidence from Hong Kong and mainland China. (Permanent)
- More than 40 Chinese articles are published in the Hong Kong Economic Journal(香港信報), Hong Kong Economic Journal Monthly(香港信報月報), Hong Kong Economic Times(香港經濟日報), etc. from 1996.
- PhD Students
- On the advisory committee of one student in Univeristy of Macau
- Master Students
- Two students in University of Macau
- Three students in University of Waikato
- Western Finance Association
- American Finance Association (inactive)
- Asian Finance Association (inactive)
- Financial Management Association International (inactive)