Cross-country Study

Recent decades have seen extraordinary growth in cross-border debt financing as financial systems become more globally integrated and companies take advantage of foreign markets to share risk, increase liquidity, and obtain cheaper capital. In the first study to comprehensively identify corporate rating patterns for a broad set of international firms, HKUST ... 閱讀更多

Evidence-based studies reveal why China and most Belt and Road countries remain committed to pursuing greater economic integration even with the forces of deglobalization in the form of the US-China trade war and ongoing geopolitical tussles. By Chair Professor Albert PARK, Head, Department of Economics at HKUST Business School China’s Belt and Road ... 閱讀更多

To drive globalization, the Belt and Road Initiative must establish a narrative that inspires stakeholders in China and beyond. By Chair Professor Jiatao LI, Lee Quo Wei Professor of Business, Department of Management at HKUST Business School The world is at a crossroads. Globalization — the deepening integration of economies and markets — is facing a ... 閱讀更多

China and the US should explore every avenue to avoid a conflict which will lead to human tragedy. By Professor QI Ye, Director of the Institute for Public Policy at HKUST Cooperation in technological innovation is desperately needed to face the eminent challenge of the coronavirus pandemic and the deadly threat of global climate change. Yet it is easier ... 閱讀更多

The recent turbulent years have led to new challenges for global supply chain management, but with proactive mechanisms in place, corporates can minimize the impact and scale of disruptions. By Professor CHEUNG Ki Ling, Department of Information Systems, Business Statistics & Operations Management at HKUST Business School Soon after the start of the ... 閱讀更多

How is trade evolving: from tight coupling to loose coupling. Trade has been bumpy over the last 15 years. There was a massive collapse during the global financial crisis, followed by a rapid recovery and collapse in 2015 as a consequence of falling oil prices and China’s economic woes. COVID-19 has been the third major shock to global trade in only 15 ... 閱讀更多

Research at HKUST informs the debate about the benefits of uniform financial regulation across countries and looks into the effects of the financial intermediation in facilitating international trade. By Associate Professor Alminas ZALDOKAS (left) and Assistant Professor Emilio BISETTI, Department of Finance at HKUST Business School International trade ... 閱讀更多

Sadly, underprivileged groups in less developed countries (LDCs) lack access to proper medical care and accurate medical information, resulting in high rates of mortality. As part of the United Nations (UN) Sustainable Development Goals (SDGs), which look to reduce maternal, infant, and child mortality, among other aims, information and communication ... 閱讀更多

We examine the impact of corporate board reforms on firm value in 41 countries. Using a difference-in-differences design, we find that board reforms increase firm value. Reforms involving board and audit committee independence, but not reforms involving separation of chairman and CEO positions, drive the valuation increases. In addition, while comply-or ... 閱讀更多

Exporting plays a significant role in the development of a firm, as can provide an opportunity to access knowledge from other sources, which can facilitate organizational learning. As such, governments in emerging markets (EMs) encourage exporting, as it is considered a key indicator of firms’ technological sophistication. That said, EM exporters often ... 閱讀更多