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Prof. Louis CHENG
  • Professor
DBA
DBA, Finance
Louisiana Tech University

aflcheng@polyu.edu.hk
2766 7140
2356 9550
M822
Research Area:
Finance & Financial Services

Consulting, Research and Teaching Interests:
  • Corporate finance
  • Corporate disclosure
  • Corporate governance and compensation



Dr. Cheng is a Professor of Finance and Director of Center for Economic Sustainability and Entrepreneurial Finance at the Hong Kong Polytechnic University. He is a member of the Investment Committee of the Hospital Authority Provident Fund Scheme, and the Business Studies Panel (Joint Research Schemes) for the Research Grants Council (RGC). He served as a member of the Solicitors Disciplinary Tribunal Panel, Council member and a Trustee of the Pension Fund of PolyU. He is currently a member of the Examination Board of The Institute of Financial Planners of Hong Kong (IFPHK). He has been a CFPCM certificant since 2001.

Dr. Cheng graduated with a DBA in Finance from Louisiana Tech University in 1989. Before joining PolyU, he was an Associate Professor of Finance at Murray State University in Kentucky. In 2003, he served as the HSBC Fellow at the University of Exeter in UK. Moreover, he has more than 90 articles published in referred journals including the Journal of Finance

Dr. Cheng is an author of Fundamentals of Financial Planning, and the lead author of Financial Planning and Wealth Management: An International Perspective, both by McGrawHill. He is currently a project consultant for United Nations (UNESCAP) on advising developing countries to issue sovereign green and social bonds. Dr. Cheng served as a project consultant for various organizations including Bank of China (HK) Private Banking, Investor Education Centre (IEC), Securities and Futures Commission (SFC), Mandatory Provident Fund Scheme Authority (MPFA), Value Partners, Agricultural Bank of China (HK) Private Banking, Bank Consortium Trust Hong Kong, Fubon Bank, Hong Kong Exchanges (HKEx), Charles Schwab (US), Tai Fook Securities, and Hong Kong Securities and Investment Institute (HKSI).

“Interest rate deregulation and banks’ off-balance-sheet activities: A Hong Kong perspective”, Arnold C.S. Cheng, Michael K. Fung, Keri Peicong Hu and Louis T.W. Cheng, Applied Economics, forthcoming.

“Perks and the informativeness of stock prices in the Chinese Market”, Ferdinand A. Gul, Louis T.W. Cheng and T. Y. Leung, Journal of Corporate Finance, Vol. 17, No. 5, December 2011, pp 1410-1429.

“Intraday Volume and Volatility Relations With and Without Public News ”, Ali F. Darrat, Maosen Zhong and Louis T.W. Cheng, Journal of Banking and Finance , Vol. 31, No.9, September 2007, pp . 2711-2729.

“Testing the Net Buying Pressure Hypothesis during the Asian Financial Crisis: Evidence from the HSI Options”, Kam C. Chan, Louis T.W. Chengand Peter P. Lung, Journal of Financial Research, Vol XXIX, No.1, March 2006, pp 43-62.

“Information Asymmetry and Timing of Earnings Announcements”, Gongmeng Chen, Louis T.W. Cheng and Ning Gao, Journal of Business Finance and Accounting, Vol 32, No. 1-2, January/March 2005, pp. 65-95.

“The Impact of the Costs of Subscription on Measured IPO Returns: the Case of Asia”, Joseph K. W. Fung, Louis T.W. Cheng and Kam C. Chan, Journal of Corporate Finance, Vol 10, No.3, June 2004, pp.459-695.

“Early Unwinding Strategy in Index Options-Futures Arbitrage”, Louis T.W. Cheng, Joseph K.W. Fung and Castor Pang, Journal of Financial Research , Vol. XXI, No. 4, Winter 1998, pp 447-467.

“Key Executive Succession, Stock Price and Conditions Surrounding the Succession Event”, W. N. Davidson, Dan L. Worrell and Louis T.W. Cheng, Journal of Management , Vol. 16, No. 3, September 1990, pp 647-664.

“A Re-Examination of the Market Reaction to Failed Mergers”, Wallace N. Davidson III, Dipa Dutai and Louis Cheng, Journal of Finance , Vol. 44, No. 4, September 1989, pp 1077-1084.