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e-bulletin November 2017

Faculty Held Graduation Ceremony

This year's graduation ceremony was held on 2 to 4 November 2017. During the six sessions, graduates were presented with higher diplomas, bachelor's degrees, postgraduate certificates, postgraduate diplomas, and master’s degrees. Doctoral degrees were conferred at the 23rd Congregation of PolyU held on 21 October 2017.

2017 graduation
2017 graduation

In 2017, the Faculty graduated a total of 1,900 students, comprising 845 undergraduates, 1,041 taught postgraduates, and 14 research students.

 

Miss Bao Shiyao was Champion in HKICS Corporate Governance Paper Competition

Bao Shiyao (left)
Bao Shiyao (left)

Miss Bao Shiyao, in the Department of Management and Marketing, took championship in paper writing of the Corporate Governance Paper Writing and Presentation Competition 2017 hosted by The Hong Kong Institute of Chartered Secretaries (HKICS).

The theme of this year's competition was "Corporate Governance and Business Sustainability". Each entrant, individual or team, had to submit a paper of 5,000 words maximum. The final and presentation took place on 21 October 2017.

 

Dr Hazel Lee Won Best Paper Award at British Academy of Management Conference

Dr Hazel Lee
Dr Hazel Lee

The 31st annual conference of the British Academy of Management was held from 5 to 7 September 2017 at Warwick Business School in the UK. Over 850 research papers across 26 conference tracks were presented during the event themed "Re-connecting management research with the disciplines: Shaping the research with the social sciences".

The paper entitled "The Moderating Effects of Organizational Identity on Collaboration in Social Enterprises" was selected as the Best Paper of the conference track of Inter-Organizational Collaboration: Partnerships, Alliances and Networks. This paper is co-authored by Dr Hazel Lee in the Faculty's Department of Management and Marketing.

 

 Faculty Students and Graduates were Top Achievers in ACCA Exams

ACCA (the Association of Chartered Certified Accountants) Hong Kong hosted on 8 November 2017 a reception and presented awards to outstanding performers in ACCA exams. During the period September 2016 to June 2017, eight students and graduates of the Faculty were among the top scorers in different exam sessions.
 

Name Programme ACCA exam Award
Miss Chen Shiqi (graduate) BBA (Hons) in Accountancy Dec 2016 Top Affiliate
Miss Gan Liuhui (graduate) BBA (Hons) in Accountancy Mar 2017 Top score in Paper P4 - Advanced Financial Management
Miss Liu Tiantian (graduate) Master of Finance (Investment Management) Jun 2017 Top score in Paper P6 - Advanced Taxation
Miss Liu Yumeng (student) BBA (Hons) major in Management, minor in Accountancy Jun 2017 Top score in Paper F9 - Financial Management
Miss Peng Yanni (graduate) Master of Professional Accounting Mar 2017 Top Affiliate
Miss Si Qianqian (graduate) MSc in International Shipping and Transport Logistics Sep 2016
Dec 2016
Jun 2017
Top score in three papers
Miss Sum Fong Ting, Flora (graduate) Master of Professional Accounting Jun 2017 Top score in Paper P4 - Advanced Financial Management
Miss Yang Yi (graduate) Master of Professional Accounting Mar 2017 Top Affiliate

(From left) Liu Tiantian, Si Qianqian, Liu Yumeng, Peng Yanni, Chen Shiqi, Siu Ho Fai, and PolyU alumna and Co-Chairman of Student Affairs Sub-Committee at ACCA Hong Kong Ms Winnie Ki
(From left) Liu Tiantian, Si Qianqian, Liu Yumeng, Peng Yanni, Chen Shiqi, Siu Ho Fai, and PolyU alumna and Co-Chairman of Student Affairs Sub-Committee at ACCA Hong Kong Ms Winnie Ki

Faculty Students Made Remarkable Achievements in USFHK Aquatic Meet

Aquatic Meet 2017, organized by The University Sports Federation of Hong Kong, China (USFHK), took place on 22 October. Four students, from the School of Accounting and Finance (AF) and the Department of Logistics and Maritime Studies (LMS) set new records and won six medals in different events.
 

Student Department New record Medal
Mr Cheung Yau Ming AF 200M Backstroke Gold medal (200M Backstroke)
Silver medal (100M Backstroke)
Mr Lau Shiu Yue LMS 100M Backstroke Gold medal (100M Backstroke)
Silver medal (200M Backstroke
Mr Lui Yiu Kwong AF -- Silver medal (50M Butterfly)
Mr Wong Ching Yin AF -- Bronze medal (100M Freestyle)

 

(From left) Cheung Yau Ming, Lau Shiu Yue, Lui Yiu Kwong, Wong Ching Yin
(From left) Cheung Yau Ming, Lau Shiu Yue, Lui Yiu Kwong, Wong Ching Yin

PolyU holds the Overall Championship in the USFHK annual aquatic meet for four consecutive years. At the 54th competition staged this year, both PolyU men's team and women's team won championship. Together, they broke six records and were awarded 18 gold medals.

Professor Robert F Engle Delivered Nobel Laureate Lecture

Professor Robert F Engle
Professor Robert F Engle

Professor Robert F Engle, Nobel Laureate in Economic Sciences (2003), currently Professor of Finance at New York University, delivered a lecture on How Much SRISK is Too Much at PolyU on 21 November 2017. The lecture, organized by the School of Accounting and Finance, was a celebratory event of the 80th anniversary of PolyU.

When financial firms are undercapitalized, they are vulnerable to external shocks. This is commonly measured by stress tests or market based measures such as SRISK (systemic risk). The natural response to this risk is to raise capital and this can endogenously start a financial crisis. During the lecture, Professor Engle elaborated on how much SRISK can an economy stand and what is the probability of a crisis.

 

MBA Graduation Dinner

Date: 4 November 2017
2017 graduates: 175

MBA Graduation Dinner

CBS Graduation Reception

Date: 4 November 2017
Programme: Master of Science in China Business Studies
2017 graduates: 80

CBS Graduation Reception

RESEARCH INSIGHTS

Professor Pengfei Guo
Professor Pengfei Guo

Comparison of Subsidy Schemes for Reducing Waiting Times in Healthcare Systems
Production and Operations Management , 26 (11), 2033–2049 (2017)
Qu Qian, Singapore University of Social Sciences, and University of Science and Technology of China
Pengfei Guo, The Hong Kong Polytechnic University
Robin Lindsey, The University of British Columbia

his paper investigates subsidy schemes that are widely used in reducing waiting times for public healthcare services. It puts forward a scenario in which patients can be subject to two healthcare policies. In the first, public patients are given a partial subsidy to use a private service if they have to wait beyond a specified time for public healthcare. The second policy involves giving public patients a full subsidy to use private healthcare, but they can only take the option if they have to wait for a much longer time than under the first policy.

The findings show that if all patients are equally sensitive to delay, the policy offering the smaller subsidy triggered sooner is more appealing to patients. The study then uses data from the Hong Kong Cataract Surgery Programme to compare the policies when patients differ in their sensitivity to delay, with the first policy still found to be more appealing to patients. However, the full subsidy policy can outperform policies that fall somewhere between the two stated here.