团队

(For a full list of publications, please refer to http://www.hkubs.hku.hk/~hongzou/)

1. Stakeholder orientation, product market competition, and the cost of equity: Evidence from a natural experiment. 2024. Review of Corporate Finance Studies (with Chen, Z., Shen, S.), forthcoming.
2. Quid pro quo in IPO auctions (with He, Jingbin, Liu, Bo). 2024. Journal of Business Ethics, Accepted.
3. Director liability protection and the quality of independent directors (with Masulis, Ronald, Shen, Sichen). 2024. Management Science, Forthcoming.
4. Governance by one-lot shares (with Cao, Feng, Yuhai Xuan, Rongli Yuan). 2023. Journal of Financial and Quantitative Analysis, Forthcoming.
5. Liquidity effects of litigation risk: Evidence from a legal shock (with Oliviero, Tommaso, Park, Min). 2023. Journal of Law and Economics, Forthcoming.
   • Featured in Columbia Law School Blue Sky Blog on corporations and capital markets.
6. Do financial regulations shape the functioning of financial institutions’ risk management in ABS investment? 2020. Review of Financial Studies (with Chen, X.J., Higgins, E., and Xia, H.), 33(6), 2506-2553.
7. Is Skin in the game a game changer? Evidence from mandatory changes to D&O insurance policies. 2019. Journal of Accounting and Economics, 68(1), 101225 (with Lin, C., Officer, M., Schmid, T.)
8. Covenants, creditors’ simultaneous equity holdings, and firm investment policies. 2019. Journal of Financial and Quantitative Analysis 54(2), 481-512. (with Chava, S., Wang, R.)
9. Directors’ and officers’ liability insurance and the cost of equity. 2016. Journal of Accounting and Economics, 61(1), 100-120. (with Chen, Z., Li, Z.)
10. Directors’ and officers’ liability insurance and loan spreads. 2013. Journal of Financial Economics 110(1), 37-60. (with Lin, C., Officer, M., Wang, R.)
11. The real and financial implications of corporate hedging. 2011. Journal of Finance 66(5), 1615-1647. (NBER 16622 Working Paper) (with Campello, M., Lin, C., Ma, Y.)
    • Summarized by Keith Black of CFA Institute in CFA Digest 42(1), 2012, DOI: http://dx.doi.org/10.2469/dig.v42.n1.38)
    • Referenced in FINANCE FOR EXECUTIVES: A practical guide for managers. By Nuno Fernandes, 2014, NPV Publishing; ISBN-10: 9899885401; ISBN-13: 978-9899885400
    • Cited in INTERNATIONAL FINANCIAL MANAGEMENT, by Bekaert, Geert, and Robert Hodrick. Cambridge University Press, 2017.
12. Chief executive officer incentives, monitoring, and corporate risk management: Evidence from insurance use. 2011. Journal of Risk and Insurance 78(3), 551-582. (with Adams, M.B., Lin, C.)
    • Referenced in Dionne, G. (Ed.). (2013). Handbook of Insurance. Boston: Kluwer Academic Publishers.
13. Directors’ and officers’ liability insurance and acquisition outcomes. 2011. Journal of Financial Economics 102(3), 507-525. (with Lin, C., Officer, M.)
14. Friend or foe? The role of state and mutual fund ownership in the split share structure reform in China. 2010. Journal of Financial and Quantitative Analysis 45(3), 685-706. (with Firth, M., Lin, C.).
15. The effectiveness of using a basis hedging strategy to mitigate the financial consequences of weather-related risks. 2010. North American Actuarial Journal 14(2), 157-175. (with Golden, L.L., Yang, C.)
    • 2012 American Risk and Insurance Association (ARIA) Patrick Brockett and Arnold Shapiro best paper award.
16. Corporate ownership and equity risks and returns in China. 2008. Journal of International Business Studies 39(7), 1149-1168. (with Adams, M.)
    • Best paper award, Chinese Economic Association (UK) Conference, London, 2002
17. Debt capacity, cost of debt and corporate insurance. 2008. Journal of Financial and Quantitative Analysis 43(2), 433-466. (with Adams, M.B.)
    • Referenced in Dionne, G. (Ed.). (2013). Handbook of Insurance. Boston: Kluwer Academic Publishers.
18. Corporate purchase of property insurance: Chinese evidence. 2006. Journal of Financial Intermediation 15(2), 165-196. (with Adams, M.B.) (lead article)
19. Corporate risk and property insurance: Evidence from China. 2003. Journal of Risk and Insurance 70(2), 289-314. (with Adams, M.B., Buckle, M.J.)
    • 2002 Shin Research Award (US$3,000) at the International Insurance Society (New York-based) annual conference

Selected Revise & Resubmits

Review of Financial Studies, Management Science, Journal of Financial and Quantitative Analysis, Review of Corporate Finance Studies, Journal of Risk and Insurance (x2), Journal of Corporate Finance, Journal of Banking and Finance, Journal of Business, Finance and Accounting, Accounting Horizons

  Selected Publications in Chinese

1. Wei, G., Xiao, Z., Travlos, N., and Zou, H. 2007. Independent directors’ background and corporate performance in China, Economic Research (经济研究), 52(3), 92-105.
2. Xiao, Z. and Zou, H. 2008. Capital sturucture determinants and equity issuance preference of Chinese listed companies, Economic Research (经济研究), 53(6), 119-144.