Research Highlight: Wei Victor Huang

Professor Huang’s research interests consist primarily of empirical asset pricing, international investments, and Chinese financial markets. His research has covered issues such as the role of idiosyncratic risk in asset pricing, financial integration, and international portfolio diversification. His specialty also includes asset pricing, banking, and corporate governance in Chinese stock market.

Professor Huang’s research work has generated notable impact in both investment community and academic field. For example, his paper “International Diversification with Large- and Small-cap Stocks” (with C. Eun and S. Lai, Journal of Financial and Quantitative Analysis, 2008, 43, (2), 489–524) was quoted as a “landmark” study by Jack Hough in his article “Under the Radar-Looking for diversification? Go abroad, and think small” (Smart Money, April 2007). His paper “Asset Pricing in China’s Domestic Stock Markets – Is There a Logic?” (with C. Eun, Pacific Basin Finance Journal, 2007, 15(5), 452-480) is currently ranked by SciVerse Scopus as one of the most cited Pacific Basin Finance Journal papers. His recent study “Bank Loans with Chinese Characteristics: Inside Debt, Firm Quality, and Market Response” (with W. Bailey and Z. Yang, Journal of Financial and Quantitative Analysis, 2011, Vol. 46, No. 6, 1795 - 1830) has been included by Harvard Law School in its Forum on Corporate Governance and Financial Regulation. (http://blogs.law.harvard.edu/corpgov/2010/10/04/bank-loans-with-chinese-characteristics/#more-13158) The Forum provides an arena for communications about corporate governance and attracts approximately 250,000 readers each month.

In addition to publications in refereed journals, Professor Huang has also contributed articles to newspapers and business magazines. For example, joint with his colleague Professor Steve Dawson, Professor Huang has published 7 articles in Hong Kong Economic Journal Monthly (Chinese) since October 2005 on initial public offerings (IPOs) and Growth Enterprise Markets in Hong Kong and other Asian markets. This monthly magazine, covering a wide range of topics such as macro economy, investments, social and political issues, has enjoyed wide readership in Hong Kong, China, and Southeast Asia. These publications, with target audience being another important constituent for business schools, enhance Shidler College’s visibility in business and investment community in the region.