Risk Management

Employee creativity is the source of new products, services, or processes and crucial to a firm’s survival and success. Social factors play an important role in creativity. The first social factor is power. Power is ubiquitous in and an essential feature of organizations. Through a series of four field studies, we found that power is a double-edged sword – ... Read More

Many retail investors find it difficult to choose financial products and seek the advice of professionals. Women are increasingly becoming an important client segment for the financial advice industry. To the extent that women follow the advice they receive, the quality of this advice can have important consequences for gender inequality in wealth and women ... Read More

Publicly-traded firms in the U.S. are legally required to disclose the material risks they face. Although the regulation was designed to protect investors, research by HKUST’s Allen H. Huang and Amy Y. Zang shows that it has unintended benefits for firms too. Working with a graduate of HKUST’s Accounting Ph.D. program, they explored how the legal language of ... Read More

Real business cycle (RBC) models describe how firms make investment and labour decisions. They assume that technological shocks and changes in productivity are the primary drivers of macroeconomic fluctuations. However, these models generally fall short of explaining how choices made within firms—which might modify external shocks—might affect macroeconomic ... Read More

This fact sheet presents key findings from the Cybersecurity for Financial Industry: An Analysis of the Cyber Resilience Assessment Framework report that documents the in-depth research on the Cyber Resilience Assessment Framework (C-RAF) of financial institutions in Hong Kong. The findings revealed the characteristics and cyber resilience of the sampled ... Read More

A comprehensive research to demonstrate the effectiveness of security measures taken by financial institutions under the C-RAF and to assess the impact of C-RAF adoption on security in the financial industry. ... Read More

Before providing individual investors with any investment advice or recommendations, financial consultants would usually conduct risk assessments for them in face-to-face meetings. Nevertheless, with the advancement of Fintech, coupled with the enforcement of social distancing due to the COVID-19 pandemic, there is a new trend of having contact-free advising ... Read More

In recent years, there has been a rapid increase in the number of new technologies, tools, and platforms; for example, social networking, cloud computing, and data analytics. As such, IT projects that were developed for use in traditional client-server environments must now be deployed across these new platforms, be able to leverage big data, and have ... Read More

Risk management has risen as a corporate priority since the global financial crisis. Although much is known about risk management in developed markets, much less is known outside these markets, where companies face different conditions, additional risks, and greater scope for stakeholder value creation. In this presentation, Prof Peter Mackay will present ... Read More

Can developments in the banking industry affect technological progress? Researchers have been generally sceptical that innovative firms, especially listed ones, could benefit from banking credit to finance their innovative activities. But a study argues for a re-think of that assumption. Alminas Zaldokas of HKUST and his co-authors Mario Daniele Amore and ... Read More