Purpose - This paper takes the Shanghai-Shenzhen-Hong Kong Stock Connect as a quasi-natural experiment and investigates the impact of capital market liberalization on the corporate debt maturity structure. It also aims to provide some policy implications for corporate debt financing and further...

Hong Kong SAR's economy is on a path of gradual but uneven recovery following a protracted period of shocks. While the unemployment rate has declined to historical lows, employment loss has been sizable and domestic demand has remained weak amid tight financial conditions and property market...

Green innovation is a costly and risky process that enables firms to improve their energy efficiency and maintain sustainable growth. In this study, we investigate whether cross-listing shares in developed markets encourages firms from developing markets to engage in green innovation. By...

Weisen allgemeine Antimissbrauchsvorschriften verschiedener Steuersysteme trotz unterschiedlicher Ausgestaltung mehr Ähnlichkeiten auf als es zunächst scheint? Um diese Frage zu beantworten, befasst sich die Autorin in ihrer Arbeit mit dem Recht Hongkongs, Singapurs und der Volksrepublik China...

Building on the dynamic capability perspective, this study investigates effective digitalization and digital transformation strategies in the tech industry by highlighting the relevance of the digital divide among developed and developing economies. Further, the study identifies the key...

We examine stakeholders' comment letters regarding the Hong Kong Exchange's (HKEX) 2015 Consultation Paper, which proposed mandating ESG reporting in Hong Kong. We test for significant differences in responses between stakeholder groups and whether the HKEX's decision was consistent with...

Given that lands became increasingly expensive for governments to meet open space standards, there emerged a growing trend towards private sector involvement public open space provision. This collaboration has given rise to public open spaces in private developments (POSPD), characterised by...

This study uses time series regression models and dynamic panel models of five-class housing to investigate the dynamics of the housing price-vacancy relationship in Hong Kong, offering insights distinct from previous cross-sectional analyses that take new housing completions as a supply proxy,...

We employ the Shanghai-Hong Kong Connect and the Shenzhen- Hong Kong Connect (hereafter, the Connects) as exogenous shocks to the liberalization of China’s A-share stock market and study how the Connects shape Chinese firms’ ESG policies. The staggered difference-in-differences (DiD)...

The article examines share allocation practices of over 300 initial public offerings (IPOs) in Hong Kong during the years immediately following the enacting of a ‘Claw-Back’ provision for IPO share reallocation. The examination of exhaustive micro-level data reveals that small (uninformed,...

Financially distressed companies are more likely to be rescued as going concerns if they enter into debt restructuring early whilst still high up on the ‘demise curve’. In Hong Kong, early-stage non-consensual debt restructuring is effected via the scheme of arrangement. Yet, despite the...

We use the multi-period DID (difference-in-differences) model and Chinese A-share listed companies from 2009 to 2019 to analyze the relation between the capital market opening and insider trading profitability. We find that capital market opening can significantly inhibit insider trading...

COVID-19 had a devastating impact on small and medium enterprises (SMEs) globally. Hong Kong implemented an Anti-Epidemic Fund (AEF) which aims to address, among others, the financing needs of SMEs through subsidies and government-guaranteed loans. To shed light on the impact of COVID-19 on SMEs...

This study examines the impact of stock market liberalization on corporate investment and its underlying mechanisms in the context of the Mainland–Hong Kong Stock Connect programs in China. The difference-in-differences estimation suggests that stock market liberalization improves corporate...

Real estate developers face significant risks in managing new developments, and presale contracts are commonly used to shift these risks to buyers. We develop a theoretical model to show that presale prices are an increasing function of time and that earlier presales are associated with greater...

Background: Routinely collected health data are increasingly used for clinical or epidemiological research. However, no study has systematically reviewed the temporal trends of the number of publications, databases, characteristics of study cohorts, methodology, outcomes, data governance,...

In this study, we analyzed the innovation policy pathways utilized Hong Kong to enable sustainable energy transitions, in comparison to eleven other small, high-income economic peers. We identified and classified 696 relevant policy interventions in 12 countries between 2008 and 2020, and we...

In this paper, we analyze the directional stock price and the index movements over a time series of one week to one month over a lag period data of six months. We attempt to study the asynchronous volatile index movements with the help of statistical methods employing non-parametric as well a...

Innovation plays a crucial role in pursuing long-term economic prosperity. This paper analyses the policies of Singapore and Hong Kong conducive to innovation development and uses specific indicators to illustrate their diverse performances. We find that both cities demonstrate comparable levels...

Starting in 2008, the People’s Bank of China (PBOC) began to grow a global network of central bank swap lines, announcing six in 2008–09 alone. The largest of those lines, in January 2009, was a 200 billion renminbi (RMB; USD 29.2 billion) swap line to the Hong Kong Monetary Authority (HKMA)....

This article considers how private international law in Asia and Hong Kong is developing and should be developed, through both theoretical and practical aspects as evidenced in both research and teaching. It considers what is entailed when speaking of the concept of an “Asian private...

Since the open-up policy at the end of the 1970s, China - the largest single market in Asia - received growing attention from foreign investors and banks. However, the fragile domestic market and undeveloped financial system in China did not allow a rapid inflow of foreign banks, given that the...

Providing adequate homes has been an ongoing challenge for Hong Kong. The Hong Kong government has utilized new town developments to meet its development goals, employing a balanced development principle. However, Hong Kong's new towns have long been criticized as 'dormitory towns,' as they...

This research aims to examine the gender-responsiveness of the current systems of health care and social protection in the Philippines and East Asia. It also aims to assess the level of health and social security systems literacy of Filipino migrant domestic workers (MDWs) in Hong Kong, Japan,...

This study employs the Mainland-Hong Kong Stock Connect pilot program in China to investigate the influence of stock market liberalization on firm-level financial reporting quality (FRQ). First, through a staggered difference-in-difference specification strategy, we find that eligible firms...

This paper examines the impact of the COVID-19 pandemic on sustainability behaviors in Hong Kong focusing on five domains of the Sustainable Development Goals: health, consumption, social environment, quality of life, and institutions. Through a survey and focus groups, we found that the...