Dr. CHEUNG Ming Yan, William

Assistant Professor of Finance

 

Faculty of Business Administration
University of Macau
Avenida Padre Tomás Pereira, Taipa,
Macau, China.

Room: PLG410
Telephone: (853) 8397-8870
Fax: (853) 28838320
E-mail: WCheung@umac.mo

 

Academic Qualifications

 

·         Ph.D. in Finance, University of Hong Kong, 2005

·         M.Phil in Mathematics, University of Hong Kong, 2001

·         B.Sc. in Mathematics, University of Hong Kong, 1998

 

Teaching

 

BBA Courses

·         Introduction of Microeconomics (ECIF101)

·         Financial Management I (FINC300)

·         Financial Management II (FINC301)

·         Econometrics I (ECIF310)

·         Mathematics of Finance (FINC482)

·         Computer Information System for Gaming Industry (GAMM307)

 

Research Interests

 

·         market microstructure

·         incomplete contracts

·         econometrics

·         game and decision science

 

Publications

 

Journal Papers

1.      The Impacts of Managerial and Institutional Ownerships on Firm Performance: The Role of Stock Price Informativeness and Corporate Governance, with Scott Fung and Shih-Chuan Tsai, accepted by Corporate Ownership and Control Journal.

2.      Intertemporal Profitability and the Stability of Technical Analysis: Evidences from the Hong Kong Stock Exchange, with Keith Lam and Hang-Fai Yeung, accepted by Applied Economics.

3.      Block Circulant Preconditioner for System arised from 3-D Convection Diffusion Equations, 2002, Journal of Computational and Applied Mathematics, 140 pp. 143-158

 

Working Papers

1.      Does Market Microstructure Matter for Corporate Finance? Theory and Evidence on Seasoned Equity Offerings Decisions, with Scott Fung and Lewis Tam, Best Paper Award, SWFA 2009, Oklahoma City, OK.

2.      Free Cash Flow and Stock Price Informative, with Ferdinard Gul and Li Jiang, 2009, 3rd round Revision, Journal of Business, Fnance and Accounting.

3.      Ownership Concentration, Adverse Selection and Equity Offering Choice, with Keith Lam and Lewis Tam, EFMA 2007, FMA 2007.

4.      Liquidity, Size and Cycle of Order Flow in an Order Driven Market, (with F. Song), FMA European Conference, 2005.

5.      Order Aggressiveness, Volume and Liquidity in Limit Order Market (with F. Song), Proceedings of the 43rd Annual Meeting, Southwestern Finance Association (SFA 2004), Orlando, FL.

6.      Corporate Governance, Audit Quality and Firm-Specific Information Capitalization, November 2004, (with F. Gul and L. Jiang).

7.      Circulant Preconditioner for solving Convection Diffusion Equations using Upward Differences Scheme, Proceeding, the 9th International Congress in Computational and Applied Mathematics (ICCAM2000), KU Leuven, Belgium.

 

Work in Progress:

1.         Microstructure of Option Markets, January 2005 (with S. Fung).

2.         Corporate Governance, Audit Quality and Firm-Specific Information Capitalization, November 2004, (with F. Gul and L. Jiang).

 

Faculty of Business Administration

University of Macau