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e-bulletin April 2018

FinTech Centre Officially Opens

The AMTD FinTech Centre of PolyU Faculty of Business is the first university-industry collaboration of its kind in Hong Kong. It was officially established on 19 April 2018 for the purpose of fostering the development of Hong Kong into an international hub of financial technology (FinTech).

At the opening
At the opening

The Centre, set up with a contribution from AMTD Group and AMTD Foundation, undertakes to support start-ups and projects, provide education and training, and offer consultancy to the government and the financial industry. It will build on the existing expertise in different departments of the Faculty and the University, gather talent from Hong Kong, the Chinese mainland and overseas, as well as pool available resources to foster innovation in Hong Kong's financial technology.

 

Professor Mike Lai is Associate Dean of the Faculty

Professor Mike Lai
Professor Mike Lai

Professor Mike Lai Kee-hung, in the Department of Logistics and Maritime Studies, has been appointed Associate Dean (Academic Support) of the Faculty, with effect from 1 March 2018, in succession to Dr Leung Man-Kwong.

Professor Lai's teaching focuses on logistics and shipping management. In 2018, he is MPA (Maritime and Port Authority of Singapore) visiting professor in maritime logistics at Nanyang Technological University. He is Editor-in-Chief of the Journal of Shipping and Trade and serves on the boards of a number of other journals. He has published over 130 research papers in journals including California Management Review, the Journal of Operations Management, the Journal of Management Information Systems, as well as Production and Operations Management with an h-index of 54 according to Google Scholar Citations.

 

 

Mr Chan Chun Hei Comes Second in Young Tax Professional of the Year Hong Kong Competition

Chan Chun Hei (third from left)
Chan Chun Hei (third from left)

Mr Charles Chan Chun Hei, student of the Master of Professional Accounting programme, got the second prize in the local competition of Young Tax Professional of the Year 2018. During the competition final on 1 March 2018, Charles took part in a group debate about a case for study before doing an individual presentation.

Young Tax Professional of the Year, hosted by Ernst & Young, is an international competition designed for identifying talent with an interest in tax in addition to helping them enhance their professional skills and develop their careers. The Hong Kong round is open to penultimate and final year undergraduates as well as postgraduates.

 

LMS Students Win Hong Kong Logistics Case Competition

Zhou Jinyi (second from left)
Zhou Jinyi (second from left)

Five students in the Department of Logistics and Maritime Studies (LMS) teamed up with entrants from other institutions and carried off major awards in 2018 Hong Kong Logistics Case Competition.

Miss Vivian Zhou Jinyi, reading for the BBA (Hons) in International Shipping and Transport Logistics (IST), was member of the Champion team. Miss Fung Hiu Ching doing Higher Diploma in International Transport Logistics (HD-ITL), and Mr Tang Ho Yan doing BBA (Hons) in Global Supply Chain Management (GSC) were among the First runners-up. Mr Wang Tianyi (IST) and Miss Hui Yan Yi (HD-ITL) were among the Second runners-up.

The competition, organized by Hong Kong Logistics Association and open to post-secondary students, consisted of problem identification, company visits and team presentations. The final was held on 4 March 2018.

 

Faculty Team Wins Nominated Case Award in Global Contest for the Best China-Focused Cases

(From left) Wu Anqi, Sun Mengwei, Dr Gang Hu, Dr Winslet T Y Chan, Liu Chenhan
(From left) Wu Anqi, Sun Mengwei, Dr Gang Hu, Dr Winslet T Y Chan, Liu Chenhan

Dr Gang Hu, in the School of Accounting and Finance (AF), and his team developed a teaching case and won a Nominated Case Award in the 2017 Global Contest for the Best China-Focused Cases. His team members were Dr Winslet T Y Chan in the Department of Management and Marketing, AF PhD student Miss Diana Huang Jingjing, and AF undergraduates Miss Angel Wu Anqi, Mr Richardo Sun Mengwei and Miss Chiara Liu Chenhan. Their case was entitled "Wolf Warrior 2: The Marketing and Stock Market Stories".

Wolf Warrior 2 is an action movie that set China's all-time box office record in 2017. By examining its product and promotion strategies, this case highlights the role of social media in marketing, factors influencing consumer behaviour, and marketing strategy of the movie industry. As the success of the movie is also reflected in the stock market, this case provides an example of computing abnormal returns and conducting event studies in financial markets, in addition to a context for discussing various issues related to Efficient Market Hypothesis (EMH) versus behavioural finance. It also touches on interesting issues related to insider trading by company top management.

Global Contest for the Best China-Focused Cases, hosted by China Europe International Business School (CEIBS) Case Center, is aimed at promoting global research on China-specific management issues. The 2017 contest attracted 232 entries out of which eight were nominated to compete for the best case award. Each nominated case received a prize of RMB 50,000.

 

Miss He Dongjin Receives Honourable Mention in Consumer Psychology Dissertation Proposal Competition

He Dongjin (first from left)
He Dongjin (first from left)

Miss Helen He Dongjin, PhD student in the Department of Management and Marketing, conducts research in consumer behaviour. She entered the 2017-2018 Dissertation Proposal Competition of the Society for Consumer Psychology and was awarded an honourable mention. Her dissertation is entitled "Hiding in the Crowd: Why and When Secrecy Spurs Consumer Conformity". Her supervisors are Dr Yuwei Jiang and Professor Gerald Gorn.

 

 

CLI Symposium Discusses New Forms of Team and Organizational Membership

At the symposium
At the symposium

The Centre for Leadership and Innovation (CLI), at the Department of Management and Marketing, held a symposium on 2 March 2018 to deal with New Forms of Team and Organizational Membership. The event consisted of three research insight sessions, addressed by academics from The Chinese University of Hong Kong, the City University of Hong Kong, Nanyang Technological University and PolyU, as well as an editor's forum. Delivering the keynote speech was Gilad Chen, Editor of the Journal of Applied Psychology and Professor at the University of Maryland.

 

Professor Bob Carr Speaks on Australia-China Relations

Professor the Hon Bob Carr
Professor the Hon Bob Carr

The Honourable Bob Carr is currently Professor in International Relations and Director of the Australia-China Relations Institute at the University of Technology Sydney, formerly Foreign Minister of Australia (2012 to 2013) and Premier of New South Wales (1995 to 2005). He was invited by the Faculty's Belt and Road Centre to deliver a public lecture, themed "Australia-China Relations and the Belt and Road Initiative", on 14 April 2018.

Professor Carr quoted Australia's 2017 Foreign Policy White Paper saying that the US had been the dominant power in the region throughout Australia's post-Second World War history. Today China is challenging America's position. He also quoted a letter written in 1973 by Gough Whitlam, the Prime Minister who opened diplomatic relations with China, saying "we seek a relationship with China based on friendship, cooperation and mutual trust, comparable with that which we have, or seek, with other major powers." He stressed that Australia would approach infrastructure projects on their merits and investments on their merits.

 

DBA Public Lecture Focuses on Theme of Fintech

At the public lecture
At the public lecture

The DBA programme hosted on 2 March 2018 a public lecture on the theme of Fintech (financial technology). The two speakers were Faculty DBA graduates Dr Jimmy Jim and Dr Yin Toa Lee.

Dr Jim, Head of Global Markets at ICBC (Asia), spoke on Fintech Development in China. He elaborated on the development and application of fintech on the Chinese mainland, in Hong Kong, and at ICBC. Dr Lee, Partner, Capital Markets at Ernst & Young, spoke on US IPO of Chinese Fintech Companies. He explained the reasons for wide application of fintech in China and Chinese companies' push for raising funds in the US. He also talked about uncertainties concerning statutory regulation.

 

MBA Forum Looks at Digital Revolution

At the forum
At the forum

The MBA programme hosted on 10 March 2018 a forum to discuss the development of two industries during the digital revolution. There were two guest speakers. Mr Horace Lam, General Manager of Uber Eats Hong Kong & Taiwan Central Operations, shared The Uber Eats Experience. Ms Eliza Chui, Head of MOOV Hong Kong, talked about Digital Music is All Around.

 

 

 

 

MM Public Lecture Examines Pay Secrecy and Employee Turnover

Professor Peter Bamberger
Professor Peter Bamberger

The Department of Management and Marketing (MM) hosted on 26 February 2018 a public lecture entitled "Pay Secrecy, Signalling and Employee Turnover at the Individual and Firm Levels: The Moderating Role of Distributive Justice Climate". Delivering the lecture was Professor Peter Bamberger from Tel Aviv University and Cornell University.

Motivational and sorting effects of compensation are largely contingent upon employee pay perceptions, with pay communication practices serving as a key mechanism by which employers may influence such perceptions. To address the gap in pay communication research, Professor Bamberger and his team collected data from management and workers in 88 Chinese firms to examine the association between individual and firm-level pay secrecy (PS) perceptions / practices and both individual-level turnover intentions and enterprise-level turnover rates. They build on signalling theory and argue that a key pay-related facet of the organizational climate, namely the distributive justice climate or employees' shared fairness perceptions of the allocation of organizational rewards, colours how employees frame PS, and thus plays a key role in determining the impact of PS on turnover.

 

Vlerick Business School Delegation Visits the Faculty

Professor Michael Harris Bond making his presentation
Professor Michael Harris Bond making his presentation

A delegation from Vlerick Business School in Belgium visited the Faculty in mid-April 2018. The 35 members, comprising mainly master's students in International Management and Strategy, were on a tour to mainland China, Hong Kong and Japan to enrich their understanding about cross-cultural management and management in Asia, on top of exploring opportunities for collaboration.

During the delegation's visit to the Faculty on 16 and 18 April, Professor Michael Harris Bond made a presentation on Teaching Cross-cultural Management (CCM) More Effectively. Dr Haitian Lu gave a talk about Hong Kong as "Super-Connector" of China and the World.

 

RESEARCH INSIGHTS

Professor K. C. John Wei
Professor K. C. John Wei

The Impacts of Political Uncertainty on Asset Prices: Evidence from the Bo Scandal in China
Journal of Financial Economics, 125 (2), 286-310 (2017)
Laura Xiaolei Liu, Peking University
Haibing Shu, Shanghai Jiao Tong University
K.C. John Wei, The Hong Kong Polytechnic University

Models of political risk predict that increases in political uncertainty cause stock prices to fall, especially for politically sensitive firms. The authors use the event of the Bo Xilai political scandal in 2012 in China as an exogenous shock to identify the impact of political uncertainty on asset prices. They document that the Bo scandal caused a significant drop in stock prices, especially for firms that are more politically sensitive. Further analysis shows that the stock price drop is mainly driven by a change in discount rate, providing strong support for the existence of priced political risk.

 

Professor Jason D Shaw
Professor Jason D Shaw

Networks, Technology, and Entrepreneurship: A Field Quasi-experiment among Women in Rural India
Academy of Management Journal, 60 (5), 1709-1740 (2017)
Viswanath Venkatesh, University of Arkansas
Jason D Shaw, The Hong Kong Polytechnic University
Tracy Ann Sykes, University of Arkansas
Samuel Fosso Wamba, Toulouse Business School
Mary Macharia, University of Arkansas

The authors address a grand economic challenge faced by women in rural India. They consider the interplay of women's social networks (ties to family, to community, and to men in power), information and communication technology (ICT) use, and time in relating to the initiation and success of women's entrepreneurial ventures. Results from a seven-year field quasi-experiment in 20 rural villages in India support the model. Ties to family and community positively, and to men in power negatively, relate to ICT use, entrepreneurial activity, and entrepreneurial profit. ICT intervention also strongly impacts entrepreneurship, with 160 new businesses in the 10 intervention villages compared to 40 in the controls. Results also demonstrate the dynamic interplay of social networks and ICT use. For ties to family and community, the amplification effect is such that the highest levels of entrepreneurial activity and success are observed among women with high centrality and ICT use — effects that increase over time. For ties to men in power, ICT use is associated with increased entrepreneurial activity only when these ties are low, but these interactive temporary temporal patterns do not emerge for profit. The authors address implications for the grand challenges of empowering women in less developed countries.