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e-bulletin August 2021

Faculty Secures HK$18.9 million of RGC Funding

Faculty members as principal investigators have secured a total of $18,299,915 from the General Research Fund (GRF) of the Research Grants Council (RGC) of Hong Kong for the year 2021-2022, representing a surge of 91% from last year. Based on the number of applications, the success rate is 47%. The funding is allocated to 14 projects of the School of Accounting and Finance (AF), 14 projects of the Department of Logistics and Maritime Studies (LMS), and four projects of the Department of Management and Marketing (MM).

With regard to the Early Career Scheme, faculty members as principal investigators have secured a total of $642,900 funding for 2021-2022, soaring 99%. Based on the number of applications, the success rate is 40%. The funding is allocated to one project of AF and one project of MM.

Faculty Secures HK$18.9 million of RGC Funding

For the broad discipline of Business Studies, PolyU ranks first among all the UGC-funded universities by the number of GRF funded projects and the amount of GRF grant for the year. The amount accounts for one fourth of the discipline’s total GRF grant.

 

Faculty Awards for Outstanding Achievement in Knowledge Transfer

Congratulations to the following members of the School of Accounting and Finance (AF), the Department of Logistics and Maritime Studies (LMS), and its Shipping Research Centre (SRC), for receiving the 2020-2021 Faculty Awards for Outstanding Achievement in Knowledge Transfer (KT).

Individual Award
Category Recipient
Industry Dr Yong Jin (AF)
Society Professor Albert Tsang (AF)
Team Award
Category Recipient
Industry Professor Kee-hung (Mike) Lai (LMS), Director of SRC
Professor Edwin Cheng (LMS), Core member of SRC
Professor Christina Wong (Institute of Textiles and Clothing), Core member of SRC

The Awards have been set up to recognize and reward staff members' KT endeavours which are underpinned by research and innovation and have created significant impact on industry and society. The recipients have been nominated for the President's Awards for Outstanding Achievement in KT.

 

Knowledge Transfer Forum Focuses on Decarbonisation in Maritime Transport

Knowledge Transfer Forum Focuses on Decarbonisation in Maritime Transport

The Faculty and its Shipping Research Centre hosted a knowledge transfer forum for experts to share their views and research findings about ship emissions. Addressing the virtual event, entitled "Decarbonisation in Maritime Transport" and held on 21 July 2021, were Professor Ying-En Ge from Shanghai Maritime University, Dr Jasmine Lam from Nanyang Technological University, and Dr Tristan Smith from University College London.

This is the fourth in a series of forums organized by the Centre to promote best practices and strengthen the theoretical base of decision-making in shipping and transport logistics, as well as encourage the industry to leverage research studies.

 

Accounting and Finance Team is Third Runner-up in Tax Debate

Accounting and Finance Team is Third Runner-up in Tax Debate

A team of four students in the School of Accounting and Finance were third runners-up in the Greater Bay Area tax debate competition organized by The Taxation Institute of Hong Kong. They were BBA students Miss Ho Chit Hei, Miss Lo Hoi Ching, Miss Leung Siu Man, and Mr Ng Chi Hang.

The online competition, held in June 2021, was aimed at enriching tertiary education students' understanding of taxation and arousing their interest in the profession. Participants studied tax policies of the Guangdong-Hong Kong-Macao Greater Bay Area and delivered their presentations in Cantonese or Putonghua on case analyses.

 

FBCC Case is Published on Global Platform of China Case

The first case of the Faculty of Business Case Consortium (FBCC) published on the Global Platform of China Cases is entitled "Luckin: from Brewing Coffee to Brewing Fraud". Co-authored by FBCC members Mr Raymond Chan, Dr Justin Law, Dr Sunny Sun and Professor Chen Shimin at China Europe International Business School (CEIBS), the case is aimed at helping students gain an overview of the multi-faceted relationships between business, accounting, and finance by looking at the dramatic growth of a start-up and the shock to the capital market caused by its accounting irregularities.

The Platform (domain name ChinaCases.Org), operated by CEIBS, is a case library focusing on management in the Chinese business context and international standards. Based on a partnership between CEIBS and Harvard Business Publishing (HBP) – Education, the Luckin case will be making its way into the classrooms of international business schools through HBP.

 

Four Faculty Students are Named MVPs of USFHK

Four student-athletes in the School of Accounting and Finance (AF), the Department of Logistics and Maritime Studies (LMS) and the Department of Management and Marketing (MM) were named Most Valuable Players (MVPs) in the year 2020-2021 by the University Sports Federation of Hong Kong, China (USFHK).

Student Sport  
Mr Chen Wai Shing (MM) Handball (Men) Mr Chen Wai Shing (MM)
Mr Ho Wai Chung (LMS) Woodball (Men) Mr Ho Wai Chung (LMS)
Mr Wong Kin Sing (AF) Table Tennis (Men) Mr Wong Kin Sing (AF)
Miss Sophia Wu (MM) Fencing (Women) Miss Sophia Wu (MM)

During the year, PolyU sports teams won nine championships in the 22 sports competitions. They captured both the Yearly Men's and Yearly Women's Overall Championships. The titles and awards were presented in July 2021.

 

RESEARCH INSIGHTS

Cross-listings, Antitakeover Defenses, and the Insulation Hypothesis
Journal of Financial Economics, forthcoming

Albert Tsang Nan Yang Lingyi Zheng

Albert Tsang, The Hong Kong Polytechnic University
Nan Yang, The Hong Kong Polytechnic University
Lingyi Zheng, The Hong Kong Polytechnic University

This paper tests a theory conjecturing that cross-listing can insulate firms from potential hostile takeovers owing to the increased cost concern of bidders. The authors find a significant and positive relation between the corporate control threat and the likelihood that firms cross-list in a foreign country. Firms facing takeover threats are more likely to choose hosting countries with greater accounting differences from the U.S. GAAP. Subsample evidence suggests that cross-listing is more likely to be used as an antitakeover device if firms have foreign market exposure or when all-cash offers are less likely. Tests based on quasi-natural experiments provide further support.