Regulation
Source: https://bm.hkust.edu.hk/bizinsight/tag/regulation Parent: https://bm.hkust.edu.hk/
How Supervision Can Boost Shareholder Value
Contrary to the common belief that financial supervision is costly for bank shareholders, agency theory indicates that supervisors’ audits can actually save shareholders money. Emilio Bisetti of HKUST examines this apparent contradiction in a unique setting—a sudden and unexpected decrease in off-site surveillance by the U.S. Federal Reserve (the Fed). “A ... Read More
[ BizStudies ]
HUI, Kai Wai
Insider Trading Deterred by Liberal-Leaning Judges
HKUST-led research shows that judges’ ideological leanings affect the outcomes of insider-trading cases. According to Allen H. Huang, Yue Zheng, and a co-author, liberal judges take an especially strong stance against insider trading, with significant real-world consequences for traders and regulators. Judge ideology is known to influence securities lawsuits ... Read More
[ BizStudies ]
WANG, Rencheng
WHIPPLE, Benjamin C.
Non-GAAP Reporting Can Store Up Trouble
Research by the HKUST’s Charles Hsu shows that disclosures of non-GAAP earnings numbers are associated with a greater risk of stock price crashes. Working with international collaborators, Hsu found that non-GAAP disclosures enable managers to divert investors’ attention from bad news included in GAAP earnings. This mechanism, which is substitutive to ... Read More
[ BizStudies ]
A comprehensive study that examines four key areas most critical to fintech development: Regulation, Government Support, Business Environment and Talent of Hong Kong and seven other fintech hubs. The report identifies opportunities across the four areas with actionable recommendations for Hong Kong to further enhance its fintech strengths and to thrive as a ... Read More
[ Fintech ]
Mario Daniele Amore
Cédric Schneider
ZALDOKAS , Alminas
Credit Supply and Corporate Innovation
Can developments in the banking industry affect technological progress? Researchers have been generally sceptical that innovative firms, especially listed ones, could benefit from banking credit to finance their innovative activities. But a study argues for a re-think of that assumption. Alminas Zaldokas of HKUST and his co-authors Mario Daniele Amore and ... Read More
[ BizStudies ]