Mao, Shuguang(毛曙光)


Dr Mao was a Managing Director at GF Investments (Hong Kong), working on the Greater Bay Area Private Equity Fund of Fund. He has over twenty years of professional working experience at investment banking and asset management companies. He also worked at Citigroup, Barclays Capital, and Harvest Global Investments.

Dr Mao is very familiar with M&A, hedge fund, corporate financing, and the cross-border financial products. Dr Mao is also a leading specialist in Green Finance and familiar with the Green Bond products and related ESG products. He graduated from Nanjing University with Bachelor of Science degree and PhD degree from Stanford University.

Dr Mao is currently a Senior Business Partner at CMBC, the chairperson of TCFA Hong Kong Chapter, the Adjunct Professor at Chinese University of Hong Kong (CUHK), and the CEO of Guangzhou Laureates City Investment Development Limited.

Teaching Areas

Green Finance

Research Interests

Sustainable Growth
Middle East Economic Development

Tseng, Kevin(曾俊凱)


Professor Kevin Tseng is an Associate Professor at the Chinese University of Hong Kong (CUHK) Business School. He previously taught at the National Taiwan University (NTU) as the EMBA Alumni Elite Chair and the Chen-Yung Outstanding Scholar. Before joining NTU, he was a Financial Economist at the Federal Reserve Bank of Richmond and an Assistant Professor at the University of Kansas’ School of Business.

Professor Tseng has a broad research interest. He has published in the areas of knowledge spillover, asset pricing, disclosure, innovation, corporate finance, and behavioral economics. His articles have appeared in leading scholarly journals, including The Journal of Finance, the Journal of Accounting and Economics, Review of Financial Studies, The Accounting Review, Management Science, the Journal of Financial and Quantitative Analysis, Contemporary Accounting Research, and the Journal of Economics and Management Strategy. In 2022, he received the MOST Outstanding Research Award; in 2015, he received the WFA Cubist Systematic Strategies PhD Candidate Award for Outstanding Research.

Teaching Areas

Financial Statement Analysis

Research Interests

Information Disclosure
Asset Pricing
Corporate Finance
Behavioral Economics

  • Awards & Honours
    • MOST Outstanding Research Award, 2022
    • Early-Career Investigator Research Achievement Award, Academia Sinica, 2022
    • Young Researcher Award, Taiwan Econometrics Society, 2022
    • Young Researcher Award, Taiwan Risk and Insurance Association, 2022
    • E. Sun Academic Award, E.SUN FHC & National Taiwan University, 2021-2023
    • Best Paper Award, TFA Annual Meeting, 2018, 2020-2022
    • Best Paper Award, Management and Practice Conference, 2021
    • Chen-Yung Outstanding Scholar, National Taiwan University, 2020
    • EMBA Alumni Elite Chair, National Taiwan University, 2020
    • Best Paper Award Semifinalist, Financial Management Association (FMA) Annual Meeting, 2018-2019, 2023 (*2)
    • Best Paper Award, Asian Finance Association (Asian FA), 2016
    • Ph.D. Candidate Award for Outstanding Research, Western Finance Association (WFA), 2015
    • PhD Forum Best Paper Award Second Prize, Australasian Finance and Banking Conference (AFBC), 2014
  • Academic/Professional Services
    • Ad-Hoc Referee, Review of Financial Studies, Management Science, Journal of Financial and Quantitative Analysis, Contemporary Accounting Research, Research Policy, Review of Corporate Finance Studies, Journal of Banking and Finance, Journal of Empirical Finance
    • Organising Committee, 2019 TFA Asset Pricing
    • Programme Committee, Northern Finance Association (NFA), Financial Management Association (FMA), Financial Management Association Asia/Pacific (FMA Asia), Southern Finance Association (SFA)

Ma, Xufei(馬旭飛)


Prof. Xufei Ma is a tenured full professor at the Department of Management, The Chinese University of Hong Kong (CUHK). Before he returned to CUHK Business School, he was the Terry Gou Chair Professor and a tenured full professor (2020-2022) of the School of Economics and Management (SEM) and Shenzhen International Graduate School (SIGS) at Tsinghua University. He was also a Cheung Kong Chair Professor granted by the Ministry of Education, China. He received a bachelor’s degree from Xi’an Jiaotong University (China), an MBA from the University of Saskatchewan (Canada), and a Ph.D. from the National University of Singapore. He was an assistant professor (2007-2013) and then a tenured associate professor (2013-2018) at CUHK, and a tenured full professor (2018-2020) at City University of Hong Kong (CityU). He also served as the director of CUHK’s Center for Entrepreneurship (2016-2018) and CUHK’s Center for International Business Studies (2018), and the Vice Chair of the Department of Innovation, Entrepreneurship, and Strategy at Tsinghua SEM (2020-2022). He’s taught strategy courses for EMBA programmes (in both English and Chinese) at Tsinghua, CityU, and CUHK.

Prof. Ma’s research focuses on strategic management, international business, and innovation/entrepreneurship in China’s emerging economy. He has published papers in UTD and FT-listed journals such as Academy of Management Journal, Strategic Management Journal, Journal of International Business Studies, Journal of Management, Journal of Management Studies, and Journal of Business Venturing, among others. He received the Haynes Prize for the Most Promising Scholar from the Academy of International Business; became the first Chinese Dunning Fellow at the John H. Dunning Center for International Business, UK; and was awarded the Journal of International Business Studies 50th Anniversary Silver Medal. He is an Area Editor for the Journal of International Business Studies (2023-2025).

Before Prof. Ma joined academia, he had worked for a leading central-level Chinese business group in Beijing and Shanghai. He has served as an independent director for Western Trust, Tu Ba Tu Group, and Beijing Urban Construction Design & Development Group. He’s the co-secretary-general and co-chairman (2024) of Chinese Management Model C50+ Forum, and the co-founder and co-chairman of Greater Bay Area Senior Management Scholars College.

Teaching Areas

Strategic Management

Research Interests

International Business
Innovation & Entrepreneurship
(Greater Bay Area, China, Singapore)

  • Publications & Working Papers

    Top Journal Publications (UTD & Financial Times Journals):

    • Z. Deng, X. Ma*and Z. Zhu (2022), “Transactional dependence and technological upgrading in global value chains,” Journal of Management Studies, 59 (2), 390-416. (FT45)
    • D. Ahlstrom*, J-L Arregle, M. Hitt, G. Qian, X. Ma and D. Faems (2020), “Managing technological, sociopolitical, and institutional change in the New Normal,” Journal of Management Studies, 57(3), 411-437. (FT45)
    • L. Luo, X. Ma*, M. Shige and G. Shinkle (2020), “Cluster status and new venture creation,” Journal of Business Venturing, 35(5), 105985. (FT45)
    • S. Zhu*, X. Ma, M. Peng and S. Sauerwald (2019), “Home country institutions behind cross-border acquisition performance,” Journal of Management, 45(4), 1315-1342. (FT45)
    • R. Krause, W. Li*, X. Ma and G. Bruton (2019), “The board chair effect across countries: An institutional view,” Strategic Management Journal, 40(10), 1570-1592. (UTD24)
    • R. Mudambi*, L. Li, X. Ma, S. Makino, G. Qian and R. Boschma (2018), “Zoom in, zoom out: Geographic scale and multinational activity,” Journal of International Business Studies, 49 (8), 929-941. (UTD24)
    • J. Gaur, X. Ma* and Z. Ding (2018), “Home country supportiveness/unfavorableness and outward foreign direct investment from China,” Journal of International Business Studies, 49, 324-345. (UTD24)
    • J. Xia*, X. Ma, J. Lu and D. Yiu (2014), “The outward FDI of emerging market firms: A resource dependence logic,” Strategic Management Journal, 35(9), 1343-1363. (UTD24)
    • X. Ma*, A. Delios and C.M. Lau (2013), “Beijing or Shanghai? The strategic location choice of large MNEs’ host country headquarters in China,” Journal of International Business Studies, 44, 953-961. (UTD24)
    • X. Ma, T.W. Tong and M. Fitza (2013), “How much does subnational region matter to foreign subsidiary performance? Evidence from Fortune Global 500 corporations’ investment in China,” Journal of International Business Studies, 44(1), 66-87. (UTD24)
    • X. Ma* and A. Delios (2010), “Host country headquarters and an MNE’s subsequent within-country diversifications,” Journal of International Business Studies, 41: 517-525. (UTD24)
    • J. Lu*, and X. Ma (2008), “The contingent value of local partners’ business group affiliation,” Academy of Management Journal, 51(2), 295-314. (UTD24)

    Other SSCI Journal Publications:

    • L. Luo, X. Ma and Z. Wang* (2022), “The moderate-reputation trap: Evidence from a Chinese cross-border business-to-business e-commerce portal.” Asia Pacific Journal of Management, 39(2), 395-432.
    • X. Ma, Z. Deng* and Y. Tang (2021), “Relieving Status Anxiety: How Low-Status Firms Respond to International Status-Heterophilous Relationships,” Journal of World Business, 56 (6), 101259. (SSCI)
    • X. Ma, A. Delios and S. Yu* (2020), “Innovation in MNC’S strategy and structure: the (re) emergence of host country headquarters in large emerging markets,” Asia Pacific Journal of Management, 37(3), 609-632. (SSCI)
    • H. Chung*, Z. Ding and X. Ma (2019), “Organizational learning and export performance of emerging market entrepreneurial firms: The roles of RBV mechanism and decision-making approach,” European Journal of Marketing, 53(2), 257-278. (SSCI)
    • J. Xia, X. Ma, T. Tong and W. Li* (2018), “Network information and cross-Border M&A activities,” Global Strategy Journal, 8 (2), 301-323. (SSCI)
    • J. Lu, X. Ma, L. Taksa and Y. Wang* (2017), “From LLL to IOL3: Moving dragon multinationals research forward,” Asia Pacific Journal of Management, 34(4), 757-768. (SSCI)
    • X. Ma* and J. Lu (2017), “Business group affiliation as institutional linkages in China’s emerging economy: A focus on organizational traits and institutional conditions,” Asia Pacific Journal of Management, 34, 675-697. (SSCI)
    • X. Ma, P. Wang and D. Li* (2017), “What Determines the Establishment of Chinese Multinational Enterprises’ Asian Regional Headquarters?” Management and Organization Review, 13(1), 85-119. (SSCI)
    • X. Ma, Z. Ding* and L. Yuan (2016), “Subnational institutions, political capital, and the internationalization of entrepreneurial firms in emerging economies,” Journal of World Business, 2016 51(5), 843-854. (SSCI)
    • X. Zhang*, X. Ma, Y. Wang, X. Li and D. Huo (2016) “What drives the internationalization of Chinese SMEs? The joint effects of international entrepreneurship characteristics, network ties, and firm ownership,” International Business Review, 25, 522-534. (SSCI)
    • J.W. Lu* and X. Ma (2015), “Partner resource asymmetry and IJV survival,” Asia Pacific Journal of Management, 32, 1039-1064. (SSCI)
    • X. Zhang*, X. Ma, Yue Wang and Yangwen Wang (2014), “How can emerging market small and medium-sized enterprises maximize internationalization benefits? The moderating effect of organizational flexibility,” International Small Business Journal, 32(6), 667-692. (SSCI)
    • X. Ma*, D. Yiu and N. Zhou (2014), “Facing global economic crisis: Foreign sales, ownership groups, and corporate value.,” Journal of World Business, 49(1), 87-100. (SSCI)
    • D. Yiu*, F. Ng and X. Ma (2013), “Business group attributes and internationalization strategy in China,” Asian Business & Management, 12(1), 14-36. (SSCI)
    • X. Ma*, X. Yao and Y. Xi (2009), “How do interorganizational and interpersonal networks affect a firm’s strategic adaptive capability in a transition economy?” Journal of Business Research, 62(11), 1087-1095. (SSCI)
    • X. Ma* and A. Delios (2007), “A new tale of two cities: Japanese FDIs in Shanghai and Beijing, 1979-2003,” International Business Review, 16 (2), 207-228. (Best Paper Award at International Business Review 2007) (SSCI)
    • X. Ma*, X. Yao and Y. Xi (2006), “Business group affiliation and firm performance in China’s transition economy: A focus on ownership voids,” Asia Pacific Journal of Management, 23(4), 467-483. (SSCI)

    Other Publications

    • Y. Wang*, K. Wang and X. Ma (2016), “Understanding international business negotiation behavior: Credible commitments, dispute resolution, and the role of institutions,” International Negotiation, 21(1), 165-198.
    • X. Zhang, X. Ma and Y. Wang* (2012), “Entrepreneurial orientation, social capital, and the internationalization of SMEs: Evidence from China,” Thunderbird International Business Review, 54(2), 195-210. (Best Paper Award at 4th China Goes Global Harvard Conference)
    • A. Delios* and X. Ma (2010), Strategy and management of business groups. In Colpan, A.M., Hikino, T., & Lincoln, J.R. (eds), The Oxford Handbook of Business Groups, Oxford University Press.
    • A. Delios* and X. Ma (2010), “China is undergoing a transformation…Yet again,” Ivey Business Journal, 74(1), 1-12.
    • X. Ma (2006), “Beyond transaction cost determinants: An integrated framework for export intermediary selection in emerging economies,” Advances in International Marketing, 19, 25-53.
    • X. Ma and J. Lu* (2005), “The critical role of business groups in China,” Ivey Business Journal, 69(5), 1-12.
    • 吴晓松、马旭飞、江俊毅、黄伟(2022), “数字化时代新岗位–数字化项目集群经理, ” 哈佛商业评论(中文版), 7, 124-129.
    • 吴晓松、马旭飞、黄伟、江俊毅(2022), “让数字化转型战略软着陆–项目集群管理,” 清华管理评论, 1, 5-9.
    • 吴晓松、马旭飞、江俊毅、黄伟(2022), “数字化项目集群管理地图,” 中欧商业评论, Oct Issue, accepted.
    • 黄伟、吴晓松、马旭飞, “大数据情景下复杂系统管理决策的综合集成方法与应用研究初探,” 管理世界.
    • 刘阿祺、马旭飞( 2021),”天使投资3.0:创新驱动与生态构建,” 清华管理评论, 6, 6-13.
    • 马旭飞、吴冰(2017), “无依赖,不摆脱:中国企业国际化的“套路”。” 清华管理评论, 7/8, 65-73.
    • 马旭飞、王阳雯(2018), “无制度,不企业。” 管理学季刊, 1, 31-39.
    • 马旭飞、杨慧(2015),《互联网时代新战略全景》, 经济管理出版社
    • 杨慧、马旭飞(2015),《互联网时代的新创客》, 中信出版社
  • Grants
    • Start-up Grant awarded by School of Economics and Management, Tsinghua University # 110000247, Sep 2020-Aug 2022 (PI)
    • Start-up Grant awarded by Shenzhen International Graduate School, Tsinghua University # 07010300001, Sep 2020-Aug 2022 (PI)
    • Basic Research Grant awarded by Shenzhen International Graduate School, Tsinghua University # 07010100001, Sep 2020-Aug 2023 (PI)
    • Foreign Direct Investment and the Founding of Local Startups awarded by City University of Hong Kong #9380098, Jan 2019-Dec 2020 (PI)
    • “Whether and How: The Influence of Chair-CEO Pair on Firm Performance”, City University of Hong Kong #7005388, Jan 2019-Aug 2021 (PI)
    • “Business Group CSR Reputation and the Value of Affiliates”, City University of Hong Kong #7005199, Oct 2018-Sep 2019 (PI)
    • “Multinational Corporations’ Local Expansion Pace, Weight, and Consequent Public Crises in a Large Emerging Market”, UGC-GRF # 9042756, Jan 2016-Dec 2017 (PI)
    • “Resource Dependencies, Siblings, Partners, and Emerging Market Firms Cross-Border M&As'”, UGC-GRF # 2170230, Jan 2015-Dec 2016 (PI)
    • “Organizational Learning and Export Performance of Chinese Private Firms”, CUHK #4057063, Jan 2015-Dec 2016 (PI)
    • “How much does CEO matter to Chinese listed companies’ performance?”, CUHK #4057042, Oct 2013-Oct 2015 (PI)
    • “Antecedents and Consequences of the Establishment of Host Country Headquarter in Large Emerging Markets: Evidence from BRIC Countries”, UGC-GRF #2170190, Jan 2012-Dec 2014 (PI)
    • “How Much Does Subnational Region Matter? Evidence from MNCs’ Subsidiaries in China”, CUHK #2070457, Jan 2011-Dec 2012 (PI)
    • “Hong Kong or Singapore? Strategic Location Choice of Chinese Multinational Firms’ Asia Regional Headquarters”, CUHK #2190228, Sep 2010-Jun 2012 (PI)
    • “Why do some Chinese firms choose Hong Kong as their Asia regional headquarters?”, Hong Kong Institute of Asia Pacific Studies, CUHK #6902863, Aug 2010-Jun 2012 (PI)
    • “Host Country Headquarters and an MNE’s within-country diversifications in a Large Emerging Market”, CUHK #2070406, Dec 2008-Nov 2010 (PI)
  • Awards & Honours
    • Cheung Kong Chair Professor, Ministry of Education, China, 2021
    • Silver Medal, Journal of International Business Studies (a UTD journal) 50th Anniversary Contributions Award, 2019
    • Dunning Fellow, John Dunning Center for International Business, Reading University, 2017
    • Haynes Prize for the Most Promising Scholar, Academy of International Business, 2006
    • Best Reviewer Award: Academy of International Business, 2012 and 2014
    • Best Reviewer Award: International Associate of Chinese Management Research, 2014
    • Faculty Teaching Awards, CUHK Business School
    • The Best Paper Award at International Business Review (SSCI), 2007
    • Winner of the Best Student Paper Award, Asia Academy of Management, 2006
    • PI/Co-I: about US$1 million of research grants from Tsinghua, CityU, CUHK, GRF, NSFC
    • Shenzhen Overseas High-level Talent Certificate, 2021
  • Academic/Professional Services
    • Area Editor, Journal of International Business Studies, 2023-2025
    • Senior Editor, Management and Organization Review, 2021-2022
    • Senior Editor, Asia Pacific Journal of Management, 2022-2022
    • Area Editor, Quarterly Journal of Management, 2016-2021
    • Special Issue Editor, JIBS (UTD), JMS (FT), APJM (SSCI)
    • Editorial Board, JMS, JWB, GSJ, APJM
    • Member, Conference Program, Chinese Academy of Management Meeting, 2021
    • Track Chair, Asia Academy of Management Meeting, 2021-2022
    • PhD Symposium Chair, SMS Special Conference, Hong Kong, 2016
    • Chair, Junior Faculty/Doctoral Consortium, AAOM Conference, Hong Kong, 2015
    • Track Chair, European International Business Academy, Leeds, 2019
    • Director & Treasurer, Asia Academy of Management (AAOM), 2015-2018
    • Independent Director, Western Trust Co., Ltd., 2016-2022
    • Independent Director, Beijing Urban Construction Design & Dev Group Co. Ltd, 2019-2022
    • Independent Director, Tu Ba Tu Group Co., Ltd, 2020-
    • Host Organizer, China Angel Investors Conference, 2018
    • Co-Secretary-General, Chinese Management Model C50+ Forum, 2017-
    • Co-Chairman (elect), Chinese Management Model C50_ Forum, 2024
    • Co-Chairman and Co-Founder, Greater Bay Area Senior Scholar College, 2021-

Fong, Alex(方志偉)


Dr. Fong is a scholar-practitioner. He is a believer in life-long learning. He has continued to pursue scholastic research and teaching activities alongside his career pursuits.

As a practitioner, Dr. Fong has worked in many different senior managerial capacities in both private and public sectors. As an entrepreneur, he is a Director of GRE Manufacturing Limited and GRE Alpha Electronics Limited, two privately owned electronics manufacturing companies. As an intrapreneur, he was the former CEO of the Hong Kong General Chamber of Commerce and the former Directorate Officer of the Hong Kong government. As a practitioner in corporate governance, he is an independent non-executive director of Hutchison Port Holdings Limited, Hong Kong Electric Investment Limited and Tom Group International Limited.

As a scholar, Dr. Fong’s scholastic journey covers both empirical science and humanistic studies. In his DBA research, he developed a 2P3C Model to understand the sustainability of corporate human capital competitiveness. In his PhD research, he created a set of tools comprising differentiators, integrators, and connectors to help us understand the patterns of self–others interaction experience among stakeholders in enterprises. They can be deployed by CEOs to support oneness as an enterprise governance approach focusing on responsible leadership, enterprise well-being, and enterprise sustainability.

Having worked, studied, and lived in multiple places like New York City, Tokyo, London, Cambridge, Oxford, Beijing, Shanghai, Ho Chi Minh City, Hong Kong and Singapore, he looks forward to tapping into his broad intellectual, sectoral and geographic experience to create an encounter of a different kind as he pursues his teaching and research activities at CUHK Business School.

Dr. Fong is also a coach and a counsellor.

Teaching Areas

Global Management
Economic Transformation of China
Management of Public Finance
Human Resource Management
Project Management
Business Consultancy
Strategic engagement

Research Interests

Enterprise Governance
Enterprise Well-being
Enterprise Sustainability
Business Strategy
Organizational Behavior
Human Resource Competitiveness
Strategic Engagement

  • Publications & Working Papers

    Conference papers

    • “Oneness in Business,” (2023) Presented at Philosophy of Management 15th Annual Meeting EM Normandie Business School, Oxford
    • “Global Leadership under oneness: Connecting the Parts and the Wholes through Consciousness,” (2021) Presented at the International Conference on Consciousness-Based Leadership and Management, Ohio, USA
    • “Oneness And Responsible Leadership,” (2019) Presented at Academy of Management (AOM) Specialized Conference on Responsible Leadership in Rising Economies, Bled, Slovenia
    • “The Oneness of Social Entrepreneurship,” (2018) Presented at International Conference on Entrepreneurship and Family Business Mumbai, India

    Book Chapters

    • “Global Leadership Under Oneness: Connecting Conscious Parts to Conscientious Wholes,” (2023) Book chapter with Duysal Askun in the Springer Handbook of Global Leadership and Followership
    • “Responsible Leadership Under Oneness: Conscious Parts and Conscientious Wholes,” (2022) Book chapter with Duysal Askun in the Routledge Research Companion to Business with a Conscience: A Research Companion
  • Academic/Professional Services
    • Chief Strategist, Hong Kong Philosophical Practitioners Association
    • Past President, Hong Kong Association in Atlanta
    • Past advisor, Institute of Active Ageing, The Hong Kong Polytechnic University
    • Past senior advisor, China International Chamber of Commerce, China Council for the Promotion of International Trade, Guangzhou Council, Guangzhou Chamber of Commerce
    • Past advisor, Nantong City Government, China
    • Past advisor, Wuxi Business Association
    • Past member, SFC Dual Filing Advisory Group, Securities Future Commission
    • Past member. Business Facilitation Committee, Hong Kong SAR Government
    • Past secretary, Hong Kong Port and Maritime Board
    • Past secretary, Hong Kong Logistics Development Council

Cheung, Leong(張亮)

Chapter Honoree_Leong Cheung


Mr. Leong Cheung was the Executive Director of Charities & Community at The Hong Kong Jockey Club (HKJC) from August 2014 to July 2022. In this capacity, he was also the co-chair of the Hong Kong Chapter of the United Nations’ Sustainable Development Solutions Network.

Prior to joining the HKJC, Mr. Cheung was the Operating Partner of Bain Capital. Before that, he was the Managing Director of Global Sourcing & Supply Chain at Esquel Group, the founder and CEO of an education focused internet venture, and a senior consultant at the Boston Consulting Group.

Mr. Cheung is active in the community. He is the co-founder of RunOurCity, an innovative social enterprise with the aim of transforming life through running. He currently serves as the chairperson of the Hong Kong Special Administrative Region Government’s Committee on Reduction of Salt and Sugar in Food. He is an Independent Non-executive Director of Kerry Properties Limited since May 2022, an Advisor of Our Hong Kong Foundation and a former Director of the Hong Kong Mortgage Corporation Limited.

Mr. Cheung graduated from The Chinese University of Hong Kong with a Bachelor of Business Administration and obtained a Master of Business Administration from Harvard Business School.

Teaching Areas


Research Interests


  • Awards & Honours
    • Chapter Honoree, Beta Gamma Sigma CUHK Chapter, 2022
    • Honorary Fellowship, Lingnan University, 2019
  • Academic/Professional Services

    Professional/Public Services

    • Independent Non-Executive Director, Kerry Properties Limited, 2022-Present
    • Chairman, Committee on Reduction of Salt and Sugar in Food, 2020-Present
    • Non-Executive Director & Audit Committee Chairman, HKMC Annuity Limited, 2017-2022
    • Non-Executive Director, Hong Kong Mortgage Corporation Limited, 2016-2022
    • Member, Elderly Commission, 2015-2021
    • Member, Hong Kong Quality Migrant Admission Scheme Advisory Committee, Jul 2010-Jun 2016

    Community Services

    • Co-founder/Chairman, RunOurCity, 2021
    • Founding Director & Honorary Advisor, Social Venture Hong Kong, 2007-2021
    • Trustee, Esquel-Y.L.Yang Education Foundation, 2022-2013

    Academic Services

    • Adjunct Professor, Chinese University of Hong Kong, 2015-2020
    • Adjunct Professor, Chinese University of Hong Kong and Hong Kong Polytechnic University, 2014-2017
    • Deputy Chairman, Court of Lingnan University, Aug 2013-Aug 2014
    • Council & Court member, Lingnan University, Oct 2009-Aug 2014

Karhade, Prasanna


Prof. Prasanna Karhade joined the CUHK Business School as an Associate Professor in the Department of Decisions, Operations and Technology in August 2022.

Prof. Karhade is interested in digital innovation, design thinking and entrepreneurship. His research has been published in MIS Quarterly, Information Systems Research, and Journal of Management Information Systems.

He has currently started an ambitious research programme on micro-financing in GREAT (growing, rural, eastern, aspirational, and transitional) economies. Prof. Karhade loves hiking, poetry & meditation. Prasanna means happiness and so there is no incorrect way to pronounce Prasanna — as long as you do it with a smile.

Teaching Areas

Digital Innovation

Research Interests

Digital Innovation & Entrepreneurship
Digital Platforms & Decolonization
Governance & Control of IT in Family Business

  • Publications and Working Papers

    Digital Innovation & Entrepreneurship

    • Karhade, P. and Dong, J.Q. (2021), “IT Investment & Commercialized Innovation Performance: Dynamic Adjustment Costs and Curvilinear Effects,” MIS Quarterly, 45(3), 1007-1024.
    • Karhade, P. and Dong, J.Q. (2021), “Innovation outcomes of the digitally enabled collaborative problemistic search capability,” MIS Quarterly, 45(2), 693-718.
    • Dong, J.Q., Karhade, P., Rai, A., and Xu, S.X. (2021), “How Firms Make Information Technology Investment Decisions: Toward a Behavioral Agency Theory,” Journal of Management Information Systems, 38(1), 29-58. [Authors listed alphabetically.]

    Digital Platforms & Decolonization

    • Kathuria, A., Karhade, P., and Konsynski, B.R. (2020), “In the realm of hungry ghosts: Multi-level theory for restaurant participation in food delivery platforms,” Journal of Management Information Systems ,37(2), 396-430. [Kathuria A. and Karhade P. are both co-first authors.]
    • Karhade, P. and Kathuria, A. (2020), “Missing Impact of Ratings on Platform Participation in India: A Call for Research in GREAT Domains,” Communications of the Association for Information Systems, 47(Article 19), 364-381. [Both authors are co-first authors.]

    Governance & Control

    • Karhade, P., Shaw, M.J., and Subramanyam, R. (2015), “Patterns in Information Systems Portfolio Prioritization: Evidence from Decision Tree Induction”, MIS Quarterly, 39(2), 413-433.
    • Susarla, A., Subramanyam, R., and Karhade, P. (2011), “Contractual Provisions to Mitigate Holdup: Evidence from Information Technology Outsourcing,” Information Systems Research, 21(1), 37-55.
    • Kathuria, A., Karhade, P., Ning, X., and Konsynski, B. “Blood and Water: IT Investment and Control in Family-Owned Businesses,” Journal of Management Information Systems, Accepted.
  • Grants
    • “Search for Innovation: Integrating the Behavioural Theory of the Firm with Agency-Theoretic Explanations”, awarded by, Research Grants Council (RGC)of Hong Kong with HK$717,470, 2018-2021
    • “IT Assets and Firm Innovation Output: An Empirical Examination”, awarded by Research Grants Council (RGC) of Hong Kong with HK$ 215,670, 2012-2014
  • Award & Honours
    • Excellence in Teaching Award Nomination, University of Hawaii, 2020
    • Dean’s Recognition of Excellent Teaching Performance, Hong Kong University of Science and Technology, 2013-14
    • Dean’s Recognition of Excellent Teaching Performance, Hong Kong University of Science and Technology, 2014-15
    • List of Teachers Ranked as Excellent by Their Students, University of Illinois at Urbana Champaign, 2006
    • List of Teachers Ranked as Excellent by Their Students, University of Illinois at Urbana Champaign, 2007

Li, David Shu Wing(李澍榮)


David has over 34 years of working experiences in the US and the Greater China region covering a wide spectrum of industries. From 1994 to 2016, David worked in China managed regional business for multi-nations corporations in the IT area, Fashion Retailing and the MedTech sector. In 2013, David founded his own boutique consulting company focused on helping companies entering the China market, as well as building a strong foothold for the established companies to excel in China. The strategic focus for David is in the area of M&A advisory and board governance, David had been appointed as the Independent Non-Executive Director for AK Medical Holding Co. (HK1789) since the company was listed at Hong Kong Exchange in 2017. David obtained DBA degree and MABR degree from SBS Swiss Business School, MBA from Chaminade University and BBA from University of Hawaii, in addition, David also attended executive programs from INSEAD and Harvard University.

Since 2020, David assumed the role of mentor in The Hong Kong Polytechnic University, HKSTP, and Cyberport in providing coaching and mentorship for MedTech start-ups in Hong Kong. Moreover, David also assumed presidency of a non-profit organisation, Greater Bay MedTech Association, for promoting the development of MedTech business within the Greater Bay Area.

Teaching Areas

Global Business
Lean Strategy