Hong Zou

The University of Hong Kong - Faculty of Business and Economics

Prof.

China

SCHOLARLY PAPERS

33

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Top 7,075

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7,743

SSRN CITATIONS
Rank 3,675

SSRN RANKINGS

Top 3,675

in Total Papers Citations

129

CROSSREF CITATIONS

238

Scholarly Papers (33)

The Real and Financial Implications of Corporate Hedging

Forthcoming, Journal of Finance
Number of pages: 42 Posted: 17 Mar 2010 Last Revised: 02 Jan 2011
Cornell University - Samuel Curtis Johnson Graduate School of Management, The University of Hong Kong - Faculty of Business and Economics, City University of Hong Kong (CityUHK) - Department of Economics & Finance and The University of Hong Kong - Faculty of Business and Economics
Downloads 275 (135,050)
Citation 13

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Hedging, risk management, financing terms, investment spending, instrumental variables

The Real and Financial Implications of Corporate Hedging

NBER Working Paper No. w16622
Number of pages: 35 Posted: 27 Dec 2010 Last Revised: 03 Jun 2021
Cornell University - Samuel Curtis Johnson Graduate School of Management, The University of Hong Kong - Faculty of Business and Economics, City University of Hong Kong (CityUHK) - Department of Economics & Finance and The University of Hong Kong - Faculty of Business and Economics
Downloads 48 (481,101)

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2.

CEOs’ Military Experience, Agency Costs and Acquisition Decisions

Number of pages: 43 Posted: 23 Sep 2011 Last Revised: 25 Oct 2013
The University of Hong Kong - Faculty of Business and Economics, City University of Hong Kong (CityUHK) - Department of Economics & Finance, Loyola Marymount University - Department of Finance and The University of Hong Kong - Faculty of Business and Economics
Downloads 895 (32,101)
Citation 9

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military service, agency costs, mergers and acquisitions

3.

Directors’ and Officers’ Liability Insurance and Loan Spreads

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 64 Posted: 20 Jun 2011 Last Revised: 15 Aug 2013
The University of Hong Kong - Faculty of Business and Economics, Loyola Marymount University - Department of Finance, Lingnan University and The University of Hong Kong - Faculty of Business and Economics
Downloads 739 (41,669)
Citation 14

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Directors’ and officers’ liability insurance, Loan spreads, Credit risk, Cost of debt financing

4.

Covenants, Creditors’ Simultaneous Equity Holdings, and Firm Investment Policies

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 52 Posted: 27 Dec 2013 Last Revised: 16 Jul 2018
Georgia Institute of Technology - Scheller College of Business, Lingnan University and The University of Hong Kong - Faculty of Business and Economics
Downloads 727 (42,612)
Citation 10

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Dual ownership; Loan covenant; Capital expenditure; Waiver; Difference-in-differences; Regression discontinuity

5.

Does Target Tax Aggressiveness Matter in Corporate Takeovers?

Number of pages: 45 Posted: 21 Dec 2012 Last Revised: 28 Nov 2017
Washington University in Saint Louis - Olin School of Business, The University of Hong Kong, The Chinese University of Hong Kong, Shenzhen and The University of Hong Kong - Faculty of Business and Economics
Downloads 645 (49,953)
Citation 2

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M&As, Tax aggressiveness, tax avoidance, due diligence, acquisition premium

6.

Friend or Foe? The Role of State and Mutual Fund Ownership in the Split Share Structure Reform in China

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 32 Posted: 21 Feb 2010
Michael Firth, Chen Lin and Hong Zou
Lingnan University - Department of Finance and Insurance, The University of Hong Kong - Faculty of Business and Economics and The University of Hong Kong - Faculty of Business and Economics
Downloads 482 (72,067)
Citation 13

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mutual funds, state ownership, share structure reform, shareholder activism, China

7.

Directors’ and Officers’ Liability Insurance and Acquisition Outcomes

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 45 Posted: 18 Jul 2010 Last Revised: 23 Jul 2011
Chen Lin, Micah S. Officer and Hong Zou
The University of Hong Kong - Faculty of Business and Economics, Loyola Marymount University - Department of Finance and The University of Hong Kong - Faculty of Business and Economics
Downloads 444 (79,585)
Citation 13

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D&O Insurance, Merger and Acquisition

8.

Directors’ and Officers’ Liability Insurance and the Cost of Equity Capital

Journal of Accounting & Economics (JAE), Vol. 61, No. 1, 2016
Number of pages: 47 Posted: 12 May 2011 Last Revised: 13 Nov 2017
Hong Kong University of Science and Technology, National University of Singapore (NUS) and The University of Hong Kong - Faculty of Business and Economics
Downloads 412 (86,882)
Citation 7

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legal liabilities, directors' and officers' (D&O) insurance; cost of equity; investor protection

9.

The Effects of Government Quality on Corporate Cash Holdings

Journal of Corporate Finance, Forthcoming
Number of pages: 43 Posted: 10 Dec 2011 Last Revised: 19 Jun 2014
University of International Business and Economics, Beijing Foreign Studies University, University of Macau and The University of Hong Kong - Faculty of Business and Economics
Downloads 408 (87,880)
Citation 5

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Cash holding, Government quality, Institutions, Property rights, Twin agency problems, China

10.

Political Costs and Corporate Tax Avoidance: Evidence from Sin Firms

Journal of Accounting and Public Policy, Forthcoming
Number of pages: 46 Posted: 09 Sep 2017 Last Revised: 25 Apr 2021
The Chinese University of Hong Kong, Shenzhen, University of Oregon, The Hong Kong Polytechnic University and The University of Hong Kong - Faculty of Business and Economics
Downloads 318 (116,423)
Citation 1

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political capital, political cost, tax avoidance, sin firms

11.

Managerial Liability and Corporate Innovation: Evidence from a Legal Shock

Singapore Management University School of Accountancy Research Paper No. 2021-130, Journal of Corporate Finance, Forthcoming
Number of pages: 59 Posted: 15 Nov 2017 Last Revised: 20 Jun 2021
City University of Hong Kong - College of Business, Singapore Management University - School of Accountancy, City University of Hong Kong and The University of Hong Kong - Faculty of Business and Economics
Downloads 285 (130,711)

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Innovation, Risk Taking, Legal Liability, Litigation Risk, Nevada

12.

What's in a Name? The Valuation Effect of Directors' Sharing of Surnames

Journal of Banking and Finance, Forthcoming
Number of pages: 61 Posted: 01 Apr 2017 Last Revised: 26 Oct 2020
Southwestern University of Finance and Economics (SWUFE), University of Macau, Hong Kong Polytechnic University and The University of Hong Kong - Faculty of Business and Economics
Downloads 243 (153,585)

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Surname, Social Tie, Board Diversity, Firm Value, Board Voting, Executive Compensation

13.

Controlling-Minority Shareholder Incentive Conflicts and Directors’ and Officers’ Liability Insurance: Evidence from China

Journal of Banking and Finance, Vol. 32, No. 12, 2008
Number of pages: 30 Posted: 03 Aug 2010
The University of Hong Kong - Faculty of Business and Economics, Lingnan University - Department of Finance and Insurance, Lingnan University and Florida International University (FIU) - Department of Economics
Downloads 184 (199,085)
Citation 4

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14.

Is Skin in the Game a Game Changer? Evidence from Mandatory Changes to D&O Insurance Policies

Journal of Accounting & Economics (JAE), Forthcoming
Number of pages: 54 Posted: 29 Mar 2017 Last Revised: 29 Jan 2019
The University of Hong Kong - Faculty of Business and Economics, Loyola Marymount University - Department of Finance, The University of Hong Kong - Faculty of Business and Economics and The University of Hong Kong - Faculty of Business and Economics
Downloads 170 (213,220)
Citation 1

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Directors and officers (D&O) liability, D&O insurance, deductibles, firm value, risk taking

15.

Do Financial Regulations Shape the Functioning of Financial Institutions’ Risk Management in ABS Investment?

Review of Financial Studies, Forthcoming
Number of pages: 61 Posted: 24 Jul 2017 Last Revised: 14 Nov 2019
Shanghai University of Finance and Economics, Kansas State University - College of Business Administration, University of Texas at Dallas - Naveen Jindal School of Management and The University of Hong Kong - Faculty of Business and Economics
Downloads 162 (223,192)
Citation 1

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financial institutions; asset-backed securities; risk management; financial regulations

16.

Enterprise Resource Planning System Usage and Stock Price Crash Risk

Number of pages: 55 Posted: 13 Feb 2018 Last Revised: 10 May 2021
Feng Cao, Jian Sun, Rongli Yuan and Hong Zou
Hunan University - Business School, Central University of Finance and Economics (CUFE) - School of Accountancy, Renmin University of China - School of Business and The University of Hong Kong - Faculty of Business and Economics
Downloads 161 (224,447)

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ERP adoption; stock price crash risk; internal control; financial restatements; keep up with the Joneses

17.

Debt Capacity, Cost of Debt and Corporate Insurance

Journal of Financial and Quantitative Analysis (JFQA), Vol. 43, No. 2, 2008
Number of pages: 58 Posted: 03 Aug 2010
Hong Zou and Mike Adams
The University of Hong Kong - Faculty of Business and Economics and affiliation not provided to SSRN
Downloads 150 (236,721)
Citation 6

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18.

Director Liability Protection and the Quality of Outside Directors

European Corporate Governance Institute – Finance Working Paper No. 672/2020
Number of pages: 83 Posted: 05 Feb 2019 Last Revised: 17 Dec 2020
University of New South Wales, Sydney, The University of Hong Kong and The University of Hong Kong - Faculty of Business and Economics
Downloads 146 (242,061)
Citation 1

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Legal liability, board of directors, board quality, litigation, derivative suits

Chief Executive Officer Incentives, Monitoring, and Corporate Risk Management: Evidence from Insurance Use

Number of pages: 37 Posted: 08 Feb 2012
Mike Adams, Chen Lin and Hong Zou
affiliation not provided to SSRN, The University of Hong Kong - Faculty of Business and Economics and The University of Hong Kong - Faculty of Business and Economics
Downloads 132 (263,095)
Citation 3

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Corporate Risk Management, Insurance, Corporate Governance, Managerial Incentives, Monitoring, China

Board Characteristics and Profit Efficiency in the United Kingdom Life Insurance Industry

Number of pages: 47 Posted: 07 Feb 2012
Philip Hardwick, Mike Adams and Hong Zou
Bournemouth University - School of Finance and Law - Director of the Centre for Financial Services, affiliation not provided to SSRN and The University of Hong Kong - Faculty of Business and Economics
Downloads 129 (267,687)
Citation 3

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Board Characteristics and Profit Efficiency in the United Kingdom Life Insurance Industry

Journal of Business Finance & Accounting, Vol. 38, Issue 7‐8, pp. 987-1015, 2011
Number of pages: 29 Posted: 13 Oct 2011
Philip Hardwick, Mike Adams and Hong Zou
Bournemouth University - School of Finance and Law - Director of the Centre for Financial Services, affiliation not provided to SSRN and The University of Hong Kong - Faculty of Business and Economics
Downloads 1 (806,699)
Citation 1
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profit efficiency, life insurance, corporate governance, United Kingdom

21.

Hedging Affecting Firm Value via Financing and Investments: Evidence from Property Insurance Use

Financial Management, Forthcoming
Number of pages: 55 Posted: 02 Aug 2010
Hong Zou
The University of Hong Kong - Faculty of Business and Economics
Downloads 111 (297,139)

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22.

Underwriting and Investment Risks in the Property-Liability Insurance Industry: Evidence Prior to the 9-11 Event

Review of Quantitative Finance and Accounting, Forthcoming
Number of pages: 38 Posted: 30 Oct 2010 Last Revised: 30 Sep 2013
The University of Hong Kong - Faculty of Business and Economics, affiliation not provided to SSRN, Florida Atlantic University and University of Texas at Austin
Downloads 101 (317,033)

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23.

Does Property Rights Protection Affect Corporate Risk Management Strategy? Intra- and Cross-Country Evidence

Number of pages: 52 Posted: 23 Mar 2011
Chen Lin, Ping Lin and Hong Zou
The University of Hong Kong - Faculty of Business and Economics, Lingnan University - Department of Economics and The University of Hong Kong - Faculty of Business and Economics
Downloads 95 (329,737)
Citation 4

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24.

Dividend Decisions in the Property & Liability Insurance Industry: Mutual Versus Stock Companies

Review of Quantitative Finance and Accounting, Vol. 33, No. 2, 2009
Number of pages: 36 Posted: 03 Aug 2010 Last Revised: 30 Sep 2013
The University of Hong Kong - Faculty of Business and Economics, Florida Atlantic University, University of Texas at Austin and Nankai School of Business
Downloads 73 (385,879)
Citation 3

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25.

Stakeholder Orientation, Agency Problems of Free Cash Flow, and the Cost of Equity: Evidence from a Natural Experiment

Number of pages: 1 Posted: 07 Jul 2020
Zhihong Chen, Sichen Shen and Hong Zou
Hong Kong University of Science and Technology, The University of Hong Kong and The University of Hong Kong - Faculty of Business and Economics
Downloads 56 (441,810)

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CSR, ESG, Stakeholder Orientation, the Cost of Equity, Agency Problems, Free Cash Flow

26.

Does Property Rights Protection Affect Corporate Risk Management Strategy? Intra- and Cross-Country Evidence

Number of pages: 47 Posted: 24 Mar 2008 Last Revised: 04 Jan 2012
Chen Lin, Ping Lin and Hong Zou
The University of Hong Kong - Faculty of Business and Economics, Lingnan University - Department of Economics and The University of Hong Kong - Faculty of Business and Economics
Downloads 46 (480,913)

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Property Rights, Risk Management, Corporate Insurance, China

27.

Quid Pro Quo in IPO Auctions

Number of pages: 40 Posted: 12 Jan 2021 Last Revised: 25 Apr 2021
National Taiwan University - Department of Finance, School of Management and Economics, University of Electronic Science and Technology of China, School of Management & Economics, University of Electronic Science and Technology of China (UESTC) and The University of Hong Kong - Faculty of Business and Economics
Downloads 31 (552,821)

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uniform price; auction; quid pro quo; underwriter favoritism

28.

Governance by One-Lot Shares

Number of pages: 1 Posted: 21 Sep 2020 Last Revised: 16 Jan 2021
Hunan University - Business School, University of California, Irvine - Paul Merage School of Business, Renmin University of China - School of Business and The University of Hong Kong - Faculty of Business and Economics
Downloads 30 (558,402)

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investor protection, shareholder activism, independent director voting, tunneling

29.

How Does Information Asymmetry Affect Corporate Hedging?

Number of pages: 54 Posted: 26 Apr 2021 Last Revised: 12 May 2021
University of Houston - Department of Finance, University of Hong Kong, The Chinese University of Hong Kong, Shenzhen, The Chinese University of Hong Kong (CUHK) and The University of Hong Kong - Faculty of Business and Economics
Downloads 28 (570,109)

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Information asymmetry, collateral, risk management, hedging, analysts

30.

Serving Multiple ‘Masters’: Evidence from the Loan Decisions of a State-Owned Publicly Listed Bank Around a Massive Economic Stimulus Programme

Number of pages: 47 Posted: 21 Sep 2020 Last Revised: 23 Dec 2020
Hongqi Yuan, Yiyuan Zhou and Hong Zou
Fudan University - School of Management, University of Hong Kong - HKU Business School and The University of Hong Kong - Faculty of Business and Economics
Downloads 14 (664,842)

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internal rating; loan; interest rate; state-owned banks; economic stimulus

31.

The Role of Financial Institutions in the Corporate Governance of Listed Chinese Companies

British Journal of Management, Vol. 20, Issue 4, pp. 562-580, December 2009
Number of pages: 19 Posted: 15 Dec 2009
affiliation not provided to SSRN, University of Macau, National and Kapodistrian University of Athens - Faculty of Economics and The University of Hong Kong - Faculty of Business and Economics
Downloads 2 (759,466)
Citation 5
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32.

Directors’ and Officers’ Liability Insurance and the Cost of Equity

Journal of Accounting & Economics (JAE), Forthcoming
Posted: 07 May 2015
Hong Kong University of Science and Technology, National University of Singapore (NUS) and The University of Hong Kong - Faculty of Business and Economics

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legal liabilities, directors’ and officers’ (D&O) insurance; cost of equity; investor protection

33.

The Effectiveness of Using a Basis Hedging Strategy to Mitigate the Financial Consequences of Weather-Related Risks

North American Actuarial Journal, v. 14 n. 2, p. 157-175, 2010
Posted: 25 Sep 2013
University of Texas at Austin - Red McCombs School of Business, Florida Atlantic University and The University of Hong Kong - Faculty of Business and Economics

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default risk, basis risk, perception errors, weather risk management