Fields of Study
The MPhil and PhD Programmes in Finance at The Chinese University of Hong Kong provides students with rigorous training in corporate finance and asset pricing. The programme prepares students to engage in productive and original research in the broad area of finance in leading research universities. The faculty members in the department published widely in top finance journals such as Journal of Finance, Journal of Financial Economics and Review of Financial Studies and top economic journals such as American Economic Review, Journal of Political Economy and Review of Economic Studies.
The Department of Finance pursues three research specialisations:
Corporate finance research concentrates on company financing and investment activities, and corporate governance. Specific research topics include capital structure decision, mergers and acquisitions, minority shareholder protection and corporate governance issues in China.
The main investment vehicles examined include stocks, bonds, gold, mortgages and derivatives. Specific research topics concentrate on the study of price behaviour, asset pricing, market efficiency and implications for portfolio selection and investment strategies.
Financial Markets and Institutions
This research area covers the instruments traded in the financial markets, the analysis of money and capital markets, and economic and environmental problems related to acquisitions and the use of funds by financial institutions. Specific research studies include the collateralised debt obligation market, bank advertising and the marketing of products and services.