Dr. WU Feng Assistant Professor of Finance Faculty of Business Administration University of Macau Avenida Padre Tomás Pereira, Taipa, Macau, China.	Room: L422 Telephone: (853) 8397-4749 begin_of_the_skype_highlighting Fax: (853) 28838320 E-mail: FengWu@umac.mo
Academic Qualifications · Ph.D., Shidler College of Business, University of Hawaii at Manoa, 2009 · M.A., School of Finance, Renmin University of China, 2003
Related Working Experience Assistant Professor of Finance, Faculty of Business Administration, University of Macau, 2009 -- present Instructor of Business Finance, Shidler College of Business, University of Hawaii at Manoa, 2008 Member, International Tax Treaty Committee, State Administration of Taxation of China, 2003 Chief Editor, Jinan Taxation Management, 1996-2000
Teaching BBA Courses Advanced Financial Management (FINC211) Financial Management II (FINC301) Master of Science in Finance Courses Investments and Portfolio Management (MFIN618) Financial Engineering and Derivatives (MFIN613)
Research Interests Current research areas: Asset pricing, Risk management, Financial accounting, Corporate finance, Market microstructure, Law & regulation in financial markets With research experience in: Environmental & resource economics, Public finance, Economics of taxation
Publications Refereed Journal Publications “Extreme downside risk and expected stock returns,” (with W. Huang, Q. Liu, G. Rhee), forthcoming in Journal of Banking and Finance, 2012 “Anything wrong with breaking a buck? An empirical evaluation of NASDAQ’s $1 minimum bid price maintenance criterion,” (with G. Rhee), Journal of Financial Markets 15 (5), 258-285, 2012 Conference Papers “Extreme downside risk and expected stock returns,” (with W. Huang, Q. Liu, G. Rhee), a paper presented at or accepted by Western Finance Association (WFA) Annual Conference (San Diego, 2009), Financial Management Association (FMA) Annual Conference (Reno, 2009), China International Conference in Finance (CICF) (Dalian, 2008), Five-Star Finance Forum (Beijing, 2010), Financial Management Association (FMA) European Conference (Turin, 2009), Financial Management Association (FMA) Asian Conference (Xiamen, 2009), Asian Finance Association (AsianFA) Annual Conference (Brisbane, 2009), European Financial Management Association (EFMA) Annual Meeting (Aarhus, 2010), Southern Finance Association Annual Conference (Asheville, 2010), World Finance Conference (WFC) (Viana do Castelo, 2010) “Anything wrong with breaking a buck? An empirical evaluation of NASDAQ’s $1 minimum bid price maintenance criterion,” (with G. Rhee), a paper presented at or accepted by Financial Management Association (FMA) Annual Conference (Reno, 2009), China International Conference in Finance (CICF) (Guangzhou, 2009), Financial Management Association (FMA) European Conference (Hamburg, 2010), Asian Finance Association (AsianFA) Annual Conference (Brisbane, 2009), World Finance Conference (WFC) (Viana do Castelo, 2010), Korea America Finance Association (K-AFA) / Korea Capital Market Institute (KCMI) Joint Symposium (Seoul, 2009) “Conditional conservatism and the cost of equity capital: Informational, fundamental, and behavioral effects,” (with G. Biddle, M. Ma), a paper presented at Canadian Academic Accounting Association (CAAA) Annual Meeting (Toronto, 2011), Asian Academic Accounting Association (AAAA) Annual Conference (Bali, 2011), International Symposium on Empirical Accounting Research in China (Kunming, 2011) “Earnings downside risk,” (with Y. Luo, M. Ma), a paper presented at Canadian Academic Accounting Association (CAAA) Ph.D. Student/Junior Faculty Workshop (Toronto, 2011), International Symposium on Empirical Accounting Research in China (Kunming, 2011) “Financing public goods through markets: The case of advertising,” a paper presented at East-West Center International Graduate Student Conference (Honolulu, 2004) Other Working Papers and Publications  “Earnings smoothing and systemic risk in the banking industry,” (with L. Li, M. Ma)  “Large risk exposure and corporate governance: A firm level study,” (with D. Li, Q. Liu, B. Zhang)  “The impact of price limits on SGX Nikkei 225 futures,” (with D. Ding, G. Rhee) “Financing public goods through markets: The case of advertising,” East-West Center ScholarSpace, 2011  “Agreement between the Government of The People’s Republic of China and the Government of His Majesty The Sultan and Yang Di-Pertuan of Brunei Darussalam for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income,” (legislative drafter of English and Chinese versions), 2003 “Agreement between the Government of The People’s Republic of China and the Government of The Republic of Trinidad and Tobago for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income,” (legislative drafter of English version), 2003
Grants and Awards Multi-year Research Grant, University of Macau, 2012-2013 Start-up Research Grant, University of Macau, 2010-2011 Outstanding Ph.D. in Finance, University of Hawaii at Manoa, 2008 University of Hawaii GSO Grant, 2008-2009 East-West Center Alumni Grant, 2008-2009 East-West Center Degree Fellowship, 2003-2007 Distinguished Service Award, East-West Center, 2004-2005, 2003-2004 U.S. Foreign Policy Colloquium Grant, 2005 Distinguished Researcher, State Administration of Taxation of China, 1999
Professional Qualifications CFA Charterholder Member of the Hong Kong Society of Financial Analyst Economic Herald Economist
Faculty of Business Administration University of Macau