Cheng, Joseph W. W.

BBA, MBA (Simon Fraser); PhD (Maryland)

Associate Professor
Chairman, Department of Finance
Director, MSc Programme in Finance (Full Time)

Contact

Department of Finance

Room 1214, 12/F
Cheng Yu Tung Building
12 Chak Cheung Street
Shatin, N.T., Hong Kong

+852 3943 7904

jcheng@cuhk.edu.hk

Biography

Prof. Joseph W. W. Cheng received a PhD in Finance from the University of Maryland in 1993. He joined The Chinese University of Hong Kong in the same year and is currently the Chairman of Department of Finance. He has won numerous teaching awards including the Faculty of Business Administration Teaching Award and the Outstanding Teacher Award.

Prof. Cheng’s main research interests include asset pricing, options and futures, market microstructure, market efficiency and behavioural finance. He has published research works in leading finance journals including the Journal of Finance, the Journal of Banking and Finance and the Journal of Empirical Finance. He also frequently reviews academic papers for numerous finance journals, conferences and the RGC.

Prof. Cheng serves the community as well as the university and Shaw College in various capacities. He is the current member of the Research Grant Committee, Investor Education Centre (a subsidiary of Securities and Futures Commission, HKSAR); ExCo Member, Asia Pacific Structured Finance Association; Member of the Validation Panel, Hong Kong Council for Accreditation of Academic and Vocational Qualifications; External Examiner, OUHK. He has also served with the Advisory Committee on Human Resources Development in the Financial Services Sector, Financial Services and the Treasury Bureau, HKSAR. Moreover, he is the College Coordinator (IFAA, IBBA, BBA-JD Programmes), Fellows and Trustees of Shaw College.

Teaching Areas

Financial Management
Investment Analysis
Portfolio Management

Research Interests

Portfolio Theory
Dividend Policy
Asset Pricing
Options and Futures
Market Microstructure

  • Grants
    • “The Relation between Price Changes and Trading Volume: A Market Level Analysis (價格變動與成交量的關係︰一個巿場層面的分析)”, Earmarked Grants awarded by Research Grants Council, 2001-2004
    • “Examining the Implications of Portfolio Theory for Trading Volume: A Latent Variable Approach (探討投資組合理論對成交量的含義︰一個潛在變數的方法)”, Earmarked Grants awarded by Research Grants Council, 2000-2003
    • “Transaction Costs And The Cross-Autocorrelations In Stock Returns”, Earmarked Grants awarded by Research Grants Council, 2001-2002
    • “Sources and Consequences of International Equity Market Correlation”, Earmarked Grants awarded by Research Grants Council, 1996-1998
  • Awards & Honours
    • Faculty Outstanding Teaching Award, CUHK Business School, The Chinese University of Hong Kong, 2003-2004
    • Teaching Awards, CUHK Business School, The Chinese University of Hong Kong, 2000-Present
  • Academic/Professional Services

    Selected External Service

    • Research Grant Committee, Investor Education Centre, Securities and Futures Commission, HKSAR, 2015-Present
    • ExCo Member, Asia Pacific Structured Finance Association, 2015-Present
    • Advisory Committee on Human Resources Development in the Financial Services Sector, Financial Services and the Treasury Bureau, HKSAR, 2009-2013
    • Validation Panel, Hong Kong Council for Accreditation of Academic and Vocational Qualifications: Revalidation exercise for the BBA (Hons) and BComm (Hons) in Accounting and Banking Programmes of the Chu Hai College of Higher Education, 2009
    • Sector/Subject Specialist, Hong Kong Council for Accreditation of Academic and Vocational Qualifications (HKCAAVQ), 2008-Present
    • External Examiner, The Open University of Hong Kong, 2002-Present
    • Validation Panel, Hong Kong Council for Accreditation of Academic and Vocational Qualifications (HKCAA/HKCAAVQ), 2002-Present
    • Reviewer, Earmarked Research Grant Proposals, Research Grant Council, HKSAR, 2000-Present

    Service to University and College

    • Board of Trustees, Shaw College, 2010-Present
    • Assembly of Fellows, Shaw College, 2010-Present
    • Member, Focused Innovations Scheme– Scheme A, Management Committee on Economics and Finance, 2013-2015
    • Member, Scholarship Committee, Shaw College, 2012-Present
    • Member, Focused Investments Scheme – Scheme A, Steering Committee on Economics and Finance, 2011-2013
    • Member, Graduate School Disciplinary Committee, 2005-Present

    Service to Faculty

    • Member, Advisory Committee for the School of Management and Economics of The Chinese University of Hong Kong (Shenzhen), 2015-Present
    • Member, Review Panel for the Master of Accountancy (MAcc) Programme, 2012-Present
    • Department Representative, Committee on Teaching and Learning Quality, 2010-2015
    • Member, Executive Development Programmes Committee, 2003-Present