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e-bulletin August 2018

PolyU's Management Subject Ranks 10th in the World

According to the newly released ShanghaiRanking's Global Ranking of Academic Subjects (GRAS) 2018, the subject of Management at PolyU ranks 10th in the world and the first in Hong Kong.

ShanghaiRanking's Global Ranking of Academic Subjects 2018 - Management

World Rank Institution Country/Region
1 Harvard University US
2 University of Michigan-Ann Arbor US
3 University of Pennsylvania US
4 National University of Singapore Singapore
5 Massachusetts Institute of Technology (MIT) US
6 Pennsylvania State University - University Park US
7 Erasmus University Rotterdam the Netherlands
8 Arizona State University US
9 University of Toronto Canada
10 The Hong Kong Polytechnic University Hong Kong

GRAS 2018 lists over 4,000 universities by 54 subjects across Natural Sciences, Engineering, Life Sciences, Medical Sciences, and Social Sciences. It measures each institution's research productivity, research quality, international collaboration, and academic recognition.

 

Faculty Secures Over HK$10 million of RGC Funding

For the academic year 2018-2019, a total of 22 projects with Faculty members as principal investigators have secured General Research Fund (GRF) of HK$9,519,546 in aggregate from the Research Grants Council (RGC) of Hong Kong. Among these projects, 12 belong to the School of Accounting and Finance (AF), seven belong to the Department of Logistics and Maritime Studies (LMS), and three belong to the Department of Management and Marketing (MM).

For the same year, two projects of Faculty members obtained Early Career Scheme (ECS) funding totalling HK$897,186. One of them is AF project and the other MM.

 

Accounting and Finance Team is Second Runner-up in HSBC/HKU Hong Kong Business Case Competition

(From left) Wu Yao, Yang Yiqi, Li Haoru and Cheung Tsz Yeung
(From left) Wu Yao, Yang Yiqi, Li Haoru and Cheung Tsz Yeung

Four students from the School of Accounting and Finance (AF) teamed up to win the second runner-up prize in HSBC/HKU Hong Kong Business Case Competition 2018. They were Mr Wu Yao doing the BBA (Hons) in Accountancy, and Miss Yang Yiqi, Miss Li Haoru and Mr Cheung Tsz Yeung doing BBA (Hons) in Accounting and Finance.

This annual competition is open to full-time undergraduates. On 1 June 2018, the AF team competed with teams of four from eight other local institutions in two rounds, each with analysis of a business case, presentation of a solution and responses to queries.

 

Dr Flora Gu Wins JAMS Best Reviewer Award

Dr Flora Gu
Dr Flora Gu

Dr Flora Gu, in the Department of Management and Marketing, is one of the best reviewers of the Journal of the Academy of Marketing Science (JAMS) in 2018.

JAMS is an official publication of the Academy of Marketing Science devoted to the study and improvement of marketing and serves as a vital link between scholarly research and practice by publishing research-based articles in the substantive domain of marketing.

 

 

MIT Asia Conference in Accounting

Professor Mary E. Barth delivering the keynote address
Professor Mary E. Barth delivering the keynote address

The 2018 MIT Asia Conference in Accounting brought together academics and practitioners of accounting and corporate governance in the Asia-Pacific region as well as scholars from the US, Europe, and beyond. The event, held from 23 to 24 July 2018 in Hong Kong, was organized by MIT (Massachusetts Institute of Technology) Sloan School of Management and co-organized by PolyU and the Shanghai Advanced Institute of Finance at Shanghai Jiao Tong University. It covered a range of topics from Theory, Regulation, Strategy and Operations through Analysts, Institutional Investors and Short Sellers, to Tax, Incentives, Audit, and Externalities. The keynote address, entitled "Research to Inform Policy Making: The Next Generation", was delivered by Professor Mary E. Barth from Stanford University.

On 22 July, there was a Doctoral Consortium for students from Asia and other areas to examine different accounting issues together with an international faculty.

 

International Transportation Economics Association Annual School and Conference

The 2018 International Transportation Economics Association (ITEA) Annual School and Conference, hosted by the Faculty's Department of Logistics and Maritime Studies, took place on 25 to 29 June in Hong Kong. The School introduced academic research on transport economics, including recent advances in the field, to young researchers, graduate students and policy analysts. The Conference covered research on theory and empirical work related to all modes of transport.

Conference participants
Conference participants

In his keynote speech, Professor Masahisa Fujita, Chief Research Officer of the Research Institute of Economy at Konan University, stressed that for further development of civilization in the 21st Century, both globalization of economic activities and diversity in regional cultures should be promoted.

 

Public Lecture on How Research Contributes to Steel Production and Delivery Planning

Professor Zhi-Long Chen presenting the lecture
Professor Zhi-Long Chen presenting the lecture

The Department of Logistics and Maritime Studies organized a public lecture on 10 August 2018. Presenting the lecture, entitled "Operations Research Improves Productivity and Resource Utilization in Steel Production and Delivery", was Professor Zhi-Long Chen from the University of Maryland.

To maximize productivity and resource utilization in steel production and delivery, optimal or near-optimal batching plan is crucial. In the past few years, Professor Chen and his collaborators developed a set of Operations Research tools for Baosteel, one of the largest steel producers in the world. This lecture provided an overview of the Baosteel project and the use of these tools to make batching decisions.

 

Xiaomi Representative Visits FinTech Centre

Xiaomi Representative Visits FinTech Centre
(From left) Professor Wilson Tong (FinTech Centre Director), Professor Timothy W. Tong, Mr Liu Wei, and Mr Calvin Choi

Xiaomi Technology Senior Director (Finance) Mr Liu Wei visited the Faculty's FinTech Centre on 19 July 2018. He was accompanied by AMTD Group Chairman and President Mr Calvin Choi and received by PolyU President Professor Timothy W. Tong. The three parties had a brief discussion about the potential for cooperation and collaboration.

AMTD FinTech Centre of PolyU Faculty of Business (FinTech Centre), set up in April 2018 with the support of AMTD Group and AMTD Foundation, is the first university-industry collaboration of its kind in Hong Kong. Its primary objective is to foster innovation and the development of financial technology (FinTech) in Hong Kong through research and analysis, encouraging start-ups, training and consultancy, and bringing together expertise from Hong Kong, mainland China and elsewhere.

 

Summer Programme for Secondary School Students

The Faculty hosted a summer programme for secondary four and five students to experience university life and business education before they leave school. From 24 to 27 July 2018, the 80 participants attended lectures, visited companies, and played a simulation game to learn about business operation, team building and creative thinking. Apart from knowing more about teaching and learning at PolyU and the Faculty, they became more aware of their own potential as well as career prospects for different business majors.

Summer programme participants
Summer programme participants

 

RESEARCH INSIGHTS

Dr Chong Wang
Dr Chong Wang

The Impact of Climate Risk on Firm Performance and Financing Choices: An International Comparison
Journal of International Business Studies, 49 (5), 633-656 (2018)
Henry He Huang, Yeshiva University
Joseph Kerstein, Yeshiva University
Chong Wang, The Hong Kong Polytechnic University

The authors find that climate risk is associated with lower and more volatile earnings and cash flow. Consistent with policies that attempt to moderate these effects, they find that firms located in countries with greater climate risks are more likely to make certain financial choices. These include holding more cash, having lower short-term debt but greater long-term debt, and being less likely to distribute cash dividends. The decision to hold more cash is evidence that creating financial slack is one of the ways that firms maintain 'organizational resilience' to the threat of climate risk. The authors also find that certain industries have more negative sensitivity (they describe as 'vulnerability') to climate risk/extreme weather. Their results are robust after using instrumental variable approach, and a propensity-score-matched sample. In addition, they consider an alternative measure of climate risk and find that their conclusions also remain unchanged.

 

Dr Liu Wu
Dr Liu Wu

Reaching the Limits of Reciprocity in Favor Exchange: The Effects of Generous, Stingy, and Matched Favor Giving on Social Status
Journal of Applied Psychology, 103 (6), 614-630 (2018)
Ouyang, K., Shanghai University of Finance and Economics (Faculty PhD graduate)
Xu, E., Hong Kong Baptist University
Huang, X., Hong Kong Baptist University

Liu Wu, The Hong Kong Polytechnic University
Tang, Y. P., Zhongnan University of Economics and Law

Group members gain social status via giving favors to others, but why and when they do so remain unclear in the literature. Building on social exchange theory and social status literature, the authors identify three types of favor giving among group members (generous, stingy, and matched) and propose that an affective mechanism (i.e., gratitude) and a cognitive mechanism (i.e., perceived competence) underlie the relationship between favor giving and status attainment. Specifically, generous/stingy favor giving has a linear relationship with status attainment through both gratitude and perceived competence, whereas matched favor giving has a curvilinear relationship with status attainment only through perceived competence. An experimental study and a field study lend support to the authors' propositions. Their study complements the literature by offering a complete picture of how three types of favor giving among group members shape their social status in different ways.