Department of Finance and Insurance

Research output

Research output per year 1998 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2022 2023 2024 2025

• 6080 Scopus Citations
• 37 Scopus h-Index
• 169 Journal Article (refereed)
• 11 Book Chapter
• 9 Conference Paper (other)
• 5 Conference paper (refereed)
• 15 More
  • 4 Other outputs
  • 4 Working paper series
  • 3 Presentation
  • 2 Policy or Profession paper
  • 1 Consulting or Contract Research Report
  • 1 Discussion paper series

Research output per year

Research output per year

Search results

• 2024

  An alternative representation of the C-CAPM with higher-order risks

  DIONNE, G., LI, J. & OKOU, C., Sept 2024, In: GENEVA Risk and Insurance Review. 49, 2, p. 194-233 40 p.

  Research output: Journal Publications › Journal Article (refereed) › peer-review

• An ARDL approach to study the cointegration relations between the Shanghai crude oil futures and global markets

  WANG, H., QIU, S., WANG, J. & YICK, H. Y., Feb 2024, In: Applied Economics. 56, 10, p. 1208-1219 12 p.

  Research output: Journal Publications › Journal Article (refereed) › peer-review
  3 Citations (Scopus)

• CEO optimism and the use of credit default swaps: evidence from the US life insurance industry

  CHENG, J., FUNG, H.-G., LIN, T.-T. & WEN, M.-M., Jul 2024, In: Review of Quantitative Finance and Accounting. 63, 1, p. 169-194 26 p.

  Research output: Journal Publications › Journal Article (refereed) › peer-review

• Correlation aversion and bivariate stochastic dominance with respect to reference functions

  LI, J., WANG, J. & ZHOU, L., Sept 2024, In: Insurance: Mathematics and Economics. 118, p. 157-174 18 p.

  Research output: Journal Publications › Journal Article (refereed) › peer-review

  • Stochastics 100%
  • Stochastic Dominance 100%
  • Actuarial Science 66%
  • Contract Law 50%
  • Bivariate Analysis 50%

• FinTech Credit and Entrepreneurial Growth

  HAU, H., HUANG, Y., LIN, C., SHAN, H., SHENG, Z. & WEI, L., Oct 2024, In: Journal of Finance. 79, 5, p. 3309-3359 51 p.

  Research output: Journal Publications › Journal Article (refereed) › peer-review
  2 Citations (Scopus)

• In-House Provision of Corporate Services: The Case of Property-Casualty Insurers and In-House Actuarial Loss Reserve Certification: 企業內部服務提供 : 以美國產險業內部精算師準備金提存為例

  WEISS, M. A., CHENG, J. & LIN, T., Apr 2024, In: NTU Management Review. 34, 1, p. 91-132 42 p.

  Research output: Journal Publications › Journal Article (refereed) › peer-review

  • Loss Reserve 100%
  • USA 33%
  • Accounting Policy 33%
  • Accounting 33%

• Low-carbon development in China's transportation sector : Multidimensional characteristics and policy implications

  XU, C., LI, Z., CHEN, B., YANG, Q. & AN, J., 15 Feb 2024, In: Energy. 289, 129950.

  Research output: Journal Publications › Journal Article (refereed) › peer-review

  • China 100%
  • Transportation Sector 100%
  • Carbon Dioxide 100%
  • Diesel Fuel 100%
  • Carbon Dioxide Emission 50%
  3 Citations (Scopus)

• Shade watch: Mapping citywide shade dynamics through ray tracing and LiDAR data in Hong Kong's complex 3-D built environment

  WU, S., CHEN, B., SONG, Y., AN, J., LIN, C. & GONG, P., 23 Nov 2024, (E-pub ahead of print) In: Sustainable Cities and Society. 106011.

  Research output: Journal Publications › Journal Article (refereed) › peer-review

  • Spatiotemporal Patterns 100%
  • Google Earth Engine 50%
  • City Planning 50%
  • Local Climate Zone 50%
  • Urban Structure 50%

• Systemic importance of financial services and insurance sectors: a world input–output network analysis

  SUN, T., Jan 2024, In: The Geneva Papers on Risk and Insurance - Issues and Practice. 49, 1, p. 63-96 34 p.

  Research output: Journal Publications › Journal Article (refereed) › peer-review

• The impact of green finance on energy transition : Does climate risk matter?

  LEE, C.-C., SONG, H. & AN, J., Jan 2024, In: Energy Economics. 129, 107258.

  Research output: Journal Publications › Journal Article (refereed) › peer-review
  37 Citations (Scopus)

• The performance of ESG portfolios : Evidence from the Chinese market under COVID-19

  WANG, S., CHENG, H. C., WANG, J. & YICK, H. Y., Feb 2025, In: Economic Modelling. 143, 106958.

  Research output: Journal Publications › Journal Article (refereed) › peer-review

  • Chinese 100%
  • COVID-19 100%
  • Environmental, Social and Corporate Governance 100%
  • Post-Pandemic 100%
  • Stock Market 50%
• 2023

  A bi-level optimization model for the asset-liability management of insurance companies

  CHEN, X., LIU, Q. & RALESCU, D. A., Apr 2023, In: Journal of Industrial and Management Optimization. 19, 4, p. 3003–3019 17 p.

  Research output: Journal Publications › Journal Article (refereed) › peer-review

  • Optimization 100%
  • Simulation Mode 100%
  • Historical Data 33%
  • Decision-Making 33%
  • Algorithms 33%

• Accuracy assessment of land cover products in China from 2000 to 2020

  LI, Z., CHEN, X., QI, J., XU, C., AN, J. & CHEN, J., Dec 2023, In: Scientific Reports. 13, 1, 1 p., 12936 (2023).

  Research output: Journal Publications › Journal Article (refereed) › peer-review

  Open Access

  • Accuracy Assessment 100%
  • Data Product 50%
  • Land Surface 25%
  8 Citations (Scopus)

• Are female CEOs associated with lower insolvency risk? Evidence from the US property‐casualty insurance industry

  LI, J. & CHENG, J., Dec 2023, In: Journal of Risk and Insurance. 90, 4, p. 941-973 33 p.

  Research output: Journal Publications › Journal Article (refereed) › peer-review
  1 Citation (Scopus)

• Auditor choice in reverse mergers: Evidence from China

  XIA, Y., WONG, S. & XIN, Q., 13 Aug 2023, (E-pub ahead of print) In: British Accounting Review. 101243.

  Research output: Journal Publications › Journal Article (refereed) › peer-review
  1 Citation (Scopus)

• A Unified Framework for Insurance Demand and Mortality Immunization

  CHEN, H., GAO, J. & ZHU, W., 26 Jul 2023, (E-pub ahead of print) In: North American Actuarial Journal. 22 p.

  Research output: Journal Publications › Journal Article (refereed) › peer-review

• Green technologies, government stability, and green energy transition in a globalized world : evidence from E-7 nations

  HAN, J., XIE, D., AHMED, Z., KHAN, S. & KIRIKKALELI, D., Aug 2023, In: Environmental Science and Pollution Research. 30, 40, p. 92255-92266 12 p.

  Research output: Journal Publications › Journal Article (refereed) › peer-review

  • Environmental Impact Assessment 100%
  • Population Density 100%
  • Environmental Degradation 50%
  • Autocorrelation 50%
  • Applied Research 50%
  11 Citations (Scopus)

• Inherited trust and informal finance

  XU, J., CHEN, J., JIANG, M. & AN, J., 1 Mar 2023, (E-pub ahead of print) In: Journal of Business Finance & Accounting.

  Research output: Journal Publications › Journal Article (refereed) › peer-review
  2 Citations (Scopus)

• Market‐implied ratings and their divergence from credit ratings

  HASAN, I., SHEN, J., ZHANG, G. & POON, W. P. H., Jul 2023, In: Journal of Financial Research. 46, 2, p. 251-289 39 p.

  Research output: Journal Publications › Journal Article (refereed) › peer-review

• Pay-As-You-Drive Insurance: Modeling and Implications

  CHENG, J., FENG, F. Y. & ZENG, X., 2023, In: North American Actuarial Journal. 27, 2, p. 303-321 19 p.

  Research output: Journal Publications › Journal Article (refereed) › peer-review
  7 Citations (Scopus)

• Remote sensing of urban greenspace exposure and equality: Scaling effects from greenspace and population mapping

  WU, S., YU, W., AN, J., LIN, C. & CHEN, B., Dec 2023, In: Urban Forestry and Urban Greening. 90, 17 p., 128136.

  Research output: Journal Publications › Journal Article (refereed) › peer-review

  • Scale Effect 100%
  • Sentinel-2 49%
  • MODIS 49%
  • Landsat 8 49%
  • Satellite Sensor 49%
  4 Citations (Scopus)

• The construction of green finance and high-quality economic development under China’s SDGs target

  HAN, J., ZHENG, Q., XIE, D., ANAS, M. & ISIK, C., Nov 2023, In: Environmental Science and Pollution Research. 30, 52, p. 111891-111902 12 p.

  Research output: Journal Publications › Journal Article (refereed) › peer-review

  • Sustainable Development Goals 100%
  • China 100%
  • Economic developments 100%
  • Green Technology 100%
  • Influencing Factor 100%
  26 Citations (Scopus)
• 2022

  A Study on the Oil Price Cointegration Dynamic Process : Evidence From the Shanghai Crude Oil Futures

  WANG, H., QIU, S., YICK, H. Y. & DAI, Y., 16 May 2022, In: Frontiers in Environmental Science. 10, 6 p., 901236.

  Research output: Journal Publications › Journal Article (refereed) › peer-review

  Open Access
  1 Citation (Scopus)

• Asymmetric information, “coal-to-gas” transition and coal reduction potential: An analysis using the nonparametric production frontier method

  SONG, M., MANGLA, S. K., WANG, J., ZHAO, J. & AN, J., Oct 2022, In: Energy Economics. 114, 106311.

  Research output: Journal Publications › Journal Article (refereed) › peer-review

  • Gas 100%
  • Asymmetric Information 100%
  • Coal 100%
  • Province 35%
  • Model 21%
  12 Citations (Scopus)

• A unified model of distress risk puzzles

  CHEN, Z., HACKBARTH, D. & STREBULAEV, I. A., Nov 2022, In: Journal of Financial Economics. 146, 2, p. 357-384 28 p.

  Research output: Journal Publications › Journal Article (refereed) › peer-review
  6 Citations (Scopus)

• Carbon inequality in China: Novel drivers and policy driven scenario analysis

  XU, C., WANG, B., CHEN, J., SHEN, Z., SONG, M. & AN, J., Nov 2022, In: Energy Policy. 170, 113259.

  Research output: Journal Publications › Journal Article (refereed) › peer-review

  • Emission Reduction 100%
  • Carbon Dioxide Emission 100%
  • Scenario Analysis 100%
  • China 100%
  • Linear Relationship 100%
  32 Citations (Scopus)

• Cross‐country evidence on the relationship between global value chain position and the tail risk of insurers

  SUN, T., Oct 2022, In: Risk Management and Insurance Review. 25, 3, p. 329-365 37 p.

  Research output: Journal Publications › Journal Article (refereed) › peer-review

• Demand for insurance with nonadditive probabilistic beliefs

  WANG, J., SU, Y., LI, J. & YICK, H. Y., Jul 2022, In: Bulletin of Economic Research. 74, 3, p. 854-862 9 p.

  Research output: Journal Publications › Journal Article (refereed) › peer-review

  • Risk Aversion 100%
  • Jensen Inequality 100%
  • Subjective Probability 100%

• Intra-industry information transfer in emerging markets: Evidence from China

  TAM, K., LIU, B., WONG, S. & YIP, R., Jul 2022, In: Journal of Banking and Finance. 140, p. 106518 106518.

  Research output: Journal Publications › Journal Article (refereed) › peer-review
  8 Citations (Scopus)

• Moment conditions for fractional degree stochastic dominance

  WANG, H., ZHOU, L., DAI, P.-F. & XIONG, X., Oct 2022, In: Finance Research Letters. 49, 103241.

  Research output: Journal Publications › Journal Article (refereed) › peer-review

  • Stochastic Dominance 100%
  • Moment Condition 100%
  • Stochastics 100%
  • Distribution 100%
  • Dominance 100%

• The effect of accounting for income tax uncertainty on tax‐deductible loss accruals for private insurers

  CHENG, J., CHOW, T., LIN, T. & NG, J., Jun 2022, In: Journal of Risk and Insurance. 89, 2, p. 505-544 40 p.

  Research output: Journal Publications › Journal Article (refereed) › peer-review
  3 Citations (Scopus)

• The influence of The Shanghai crude oil futures on the global and domestic oil markets

  WANG, J., QIU, S. & YICK, H. Y., 15 Apr 2022, In: Energy. 245, 123271.

  Research output: Journal Publications › Journal Article (refereed) › peer-review

  • Petroleum 100%
  • Error Correction 14%
  • Texas 14%
  27 Citations (Scopus)
• 2021

  Labor Unions and Community Unionism : A Comparative Study in China and the United States

  WANG, L., HE, Q., XIE, Z. & MA, C., 1 Dec 2021, In: International Journal of Social Science and Education Research. 4, 12, p. 372-380

  Research output: Journal Publications › Journal Article (refereed) › peer-review

  • Communities 100%
  • State 100%
  • China 100%
  • Comparative Study 100%
  • Labor 100%

• Societal trust, risk avoidance and corporate risk taking: evidence from the global insurance industry

  SUN, T., Oct 2021, In: The Geneva Papers on Risk and Insurance - Issues and Practice. 46, 4, p. 513-546 34 p.

  Research output: Journal Publications › Journal Article (refereed) › peer-review

  • Risk Behavior 100%
  • Endogeneity Problem 16%
  • Instrumental Variable 16%
  • Asia and the Pacific 16%
  • Asia 16%
  13 Citations (Scopus)
• 2020

  Anticorruption, political connections, and corporate cash policy: Evidence from politician downfalls in China

  REN, H. & ZHAO, X., Dec 2020, In: Emerging Markets Review. 45, 23 p., 100745.

  Research output: Journal Publications › Journal Article (refereed) › peer-review
  6 Citations (Scopus)

• Bank deregulation and corporate risk

  JIANG, T., LEVINE, R., LIN, C. & WEI, L., Feb 2020, In: Journal of Corporate Finance. 60, 101520.

  Research output: Journal Publications › Journal Article (refereed) › peer-review
  44 Citations (Scopus)

• Callable bull/bear contracts, call auction sessions, and price manipulations: Evidence from Hong Kong

  LEI, A. C. H., MA, X. & YICK, M. H. Y., 1 Nov 2020, In: Journal of Futures Markets. 40, 11, p. 1731-1750 20 p.

  Research output: Journal Publications › Journal Article (refereed) › peer-review

  • Hong Kong 100%
  • Bulls 100%
  • Auctions 100%
  • Probability Theory 100%
  • Call Event 100%
  3 Citations (Scopus)

• Comparative Ambiguity Aversion in Intertemporal Decisions

  WANG, J. & LI, J., Mar 2020, In: Journal of Risk and Insurance. 87, 1, p. 195-212 18 p.

  Research output: Journal Publications › Journal Article (refereed) › peer-review
  2 Citations (Scopus)

• Management of commissions to meet the regulatory requirements: the case of property–casualty insurance in China

  WANG, K., FANG, L. & CHENG, J., Jul 2020, In: The Geneva Papers on Risk and Insurance : Issues and Practice. 45, 3, p. 508-534 27 p.

  Research output: Journal Publications › Journal Article (refereed) › peer-review

  • China 100%
  1 Citation (Scopus)

• Tail Risk Networks of Insurers Around the Globe: An Empirical Examination of Systemic Risk for G‐SIIs vs Non‐G‐SIIs

  CHEN, H. & SUN, T., Jun 2020, In: Journal of Risk and Insurance. 87, 2, p. 285-318 34 p.

  Research output: Journal Publications › Journal Article (refereed) › peer-review
  13 Citations (Scopus)

• The roles of rating outlooks: the predictor of creditworthiness and the monitor of recovery efforts

  POON, W. P. H. & SHEN, J., Oct 2020, In: Review of Quantitative Finance and Accounting. 55, 3, p. 1063-1091 29 p.

  Research output: Journal Publications › Journal Article (refereed) › peer-review

  Open Access
  5 Citations (Scopus)
• 2019

  A survey of reverse mergers in the Chinese stock market

  XIN, Q., LI, R. & WONG, S., 18 Feb 2019, In: China Finance Review International. 9, 1, p. 5-21 17 p.

  Research output: Journal Publications › Journal Article (refereed) › peer-review
  3 Citations (Scopus)

• How do changes in risk and risk aversion affect self-protection with Selden/Kreps–Porteus preferences?

  WANG, J., WANG, H. & YICK, H. Y., 1 Sept 2019, In: Insurance: Mathematics and Economics. 88, p. 1-6 6 p.

  Research output: Journal Publications › Journal Article (refereed) › peer-review
  1 Citation (Scopus)

• Interconnectedness and systemic risk : A comparative study based on systemically important regions

  FANG, L., CHENG, J. & SU, F., Apr 2019, In: Pacific Basin Finance Journal. 54, p. 147-158 12 p.

  Research output: Journal Publications › Journal Article (refereed) › peer-review

  Open Access
  10 Citations (Scopus)

• Life and health insurance consumption in China : demographic and environmental risks

  CHENG, J. & YU, L., Jan 2019, In: The Geneva Papers on Risk and Insurance - Issues and Practice. 44, 1, p. 67-101 35 p.

  Research output: Journal Publications › Journal Article (refereed) › peer-review
  8 Citations (Scopus)

• Life insurance lapse behaviour: evidence from China

  YU, L., CHENG, J. & LIN, T., Oct 2019, In: The Geneva Papers on Risk and Insurance - Issues and Practice. 44, 4, p. 653-678 26 p.

  Research output: Journal Publications › Journal Article (refereed) › peer-review
  8 Citations (Scopus)

• Relationship-based resource allocations : Evidence from the Use of Guanxi during SEOs

  BROCKMAN, P., FIRTH, M. A., HE, X., MAO, X. & RUI, O., 1 Jun 2019, In: Journal of Financial and Quantitative Analysis. 54, 3, p. 1193-1230 38 p.

  Research output: Journal Publications › Journal Article (refereed) › peer-review
  26 Citations (Scopus)

• The Provision of Audit and Non-Auditing Services (NAS) : The Case of U.S. Property-Casualty Insurers

  CHENG, J., WEISS, M. A. & LIN, T., Dec 2019, In: Journal of Insurance Issues. 42, 2, p. 39-79 41 p.

  Research output: Journal Publications › Journal Article (refereed) › peer-review
• 2018

  Are Chinese credit ratings relevant? A study of the Chinese bond market and credit rating industry

  LIVINGSTON, M., POON, P.-H. W. & ZHOU, L., Feb 2018, In: Journal of Banking and Finance. 87, p. 216-232 17 p.

  Research output: Journal Publications › Journal Article (refereed) › peer-review
  100 Citations (Scopus)

• The impact of litigation risk on the association between audit quality and auditor size : Evidence from China

  WONG, R. M. K., FIRTH, M. A. & LO, A. W. Y., Oct 2018, In: Journal of International Financial Management and Accounting. 29, 3, p. 280-311 32 p.

  Research output: Journal Publications › Journal Article (refereed) › peer-review
  13 Citations (Scopus)