
Welcome to Impact Factors!
Discover insights and influential research
from HKU Business School’s distinguished faculty.
Browse our collected articles for the latest academic research
and its implications across key areas of
business, economics, finance, and more.
Latest Research

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Voting Rationales
Using a novel dataset where institutional investors explain their votes—voting rationales—the researchers uncovered direct evidence on the motivations behind votes in director elections. This approach…

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The Interactions of Customer Reviews and Price and Their Dual Roles in Conveying Quality Information
This paper discusses an analytical model for assessing how customer reviews and price can influence market signalling for experience goods with uncertain quality, especially when…

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Does Liquidity Management Induce Fragility in Treasury Prices? Evidence from Bond Mutual Funds
Mutual funds investing in illiquid corporate bonds actively manage Treasury positions to buffer redemption shocks. This practice can cause flow shocks and cause excess return…
Insight Articles
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[TEST2] Strategic Planning and Opportunities for Developing Captive Insurers in Hong Kong
In this column last week, we analysed the advantages of captive insurance companies in risk management and cost control. However, not all companies are suited…
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[TEST] Strategic Planning and Opportunities for Developing Captive Insurers in Hong Kong
In this column last week, we analysed the advantages of captive insurance companies in risk management and cost control. However, not all companies are suited…
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[TEST]The Subtle Strategies Behind Hong Kong Stock Privatizations
Following the proposal in February 2025 by its Japanese parent company Toridoll Holdings to privatize Tam Jai International, which had been listed in Hong Kong…
Establishing Hong Kong as a Regional IP Trading Centre: Taking China’s IP to the World
Two years ago, we wrote the article “Commercialization of Intellectual Property Benefits High-quality Economic Development” in this newspaper column and, together with the Hong Kong Young Industrialists Council, published the…
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The Next Labubu: Can Pop Mart’s Star-Making Legend Sustain?
Starting in 2024, a doll named Labubu—with pointy little ears, devil-like large eyes, and a grin revealing nine sharp fangs—took the world by storm.
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The Resurgence of Economic Woes in Argentina
Entering the last quarter of 2025, the rekindling of the China-US trade war dispelled the atmosphere of truce in the wake of four rounds of bilateral trade talks. The current…
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Resisting Skill Erosion: Harnessing AI for Personal Growth
Artificial intelligence (AI) technology has been developing in leaps and bounds in recent years. Reams of academic studies have shown that human-AI collaboration is conducive to enhancing efficiency and creativity…
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Leveraging US H-1B Fee Hike to Advance Tech Competitiveness in Mainland China and Hong Kong
US president Donald Trump recently signed an executive order announcing that, effective 21 September 2025, foreign first-time applicants for H-1B work visas will be required to pay a staggering US$100,000…
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Public Oversight Essential for the Northern Metropolis Development
Last week, the Chief Executive released his Policy Address 2025, covering the full gamut of Hong Kong’s economic and livelihood development, from promoting fertility and regulating non-local workers to supporting…
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Voting Rationales
Using a novel dataset where institutional investors explain their votes—voting rationales—the researchers uncovered direct evidence on the motivations behind votes in director elections. This approach helps to increase governance-related transparency,…
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Mainland E-commerce Reshapes Hong Kong’s Retail Market
Hong Kong was once famed worldwide as a “Shopping Paradise,” with retail serving as a key pillar of its economy.
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The Underlying Market Risks of Politicized Finance
Launched by World Liberty Financial, a decentralized financial (DeFi) protocol and governance platform backed by Donald Trump’s family, the digital token WLFI began trading on major cryptocurrency exchanges on 1…
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Bottled Water Controversy and the Credence-Goods Dilemma
The recent controversy involving the awarding of a contract to provide bottled drinking water to the SAR Government offices has quickly snowballed. What began as misgivings among civil servants has…
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Fleeting or Lasting Success? Unlocking the Power Durability of Live Commerce
Driven by the wave of digitalization, livestream e-commerce has rapidly risen to become one of the most phenomenal marketing methods in the e-commerce sector.
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Do we still remember the military yen?
On 7 December 1941, at 7.55 a.m. Hawaiian time, Japan launched a surprise attack on the American naval base at Pearl Harbour, prompting the UK and the US to declare…
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