SCHOOL OF BUSINESS AND MANAGEMENT
DEPARTMENT OF FINANCE Faculty
Professor and Head of Department:
K. C. CHAN, BA Wesleyan; MBA, PhD Chicago (Acting Head and Professor of Accounting) Professors:
Yuk-Shee CHAN, BBA Chinese Univ of Hong Kong; MA, MBA, PhD Univ of California, Berkeley
(Dean of Business and Management)
Nai-Fu CHEN, AB, PhD Univ of California, Berkeley; PhD Univ of California, Los Angeles
Adjunct Professor:
Sheridan TITMAN , BS Colorado; MS, PhD Carnegie-Mellon Senior Lecturer/Associate Professor:
John K.C. WEI, BS National Taiwan lnst of Tech; MBA National Chengchi; PhD Univ of Illinois, Urbana-Champaign
(Director of PhD and MPhil Programmes of Business and Management) Visiting Senior Lecturers/Associate Professors:
Kalok CHAN, BSSc Chinese Univ of Hong Kong; PhD Ohio State Murray Z. FRANK, BSc, MA Alberta; PhD Queen's Univ, Kingston Lecturers/Assistant Professors:
Jess BELTZ, BA, BS lndiana Univ - Purdue Univ, Fort Wayne; PhD lndiana Jun CAI, BA Fudan; MA Ohio State; PhD Northwestern
Andrew CARVERHILL, MA Cambridge; MSc Bath; PhD Wanvick Vidhan K. GOYAL, BE, MBA Delhi; PhD Pittsburgh
Cheol PARK, BA Seoul National; PhD Chicago
David QUINN, SB Massachusetts lnst of Tech; MBA Arizona; MPhil, MA, PhD Yale
Ann Guenther SHERMAN, BA Columbia; PhD Minnesota
Jhinyoung SHIN, BEcon, MEcon Seoul National; MS, PhD Carnegie-Mellon Wilson H . S. TONG, BSSc Chinese Univof Hong Kong; MIM American GradSch
of lnternational Management; PhD Arizona
Maurice K. S. TSE, BSc Hong Kong; MBA, MS. PhD Michigan State
Keith K. P. WONG, BSSc Chinese Univof Hong Kong; MA Western Ontario; PhD British Columbia
Takeshi YAMADA, BA, MA, ABD Keio; PhD Univ of California, Berkeley Visiting Lecturers/Assistant Professors:
Sudipto DASGUPTA, BA Presidency Coll, Calcutta; MA Calcutta; PhD Southern California
Thomas HARRIS, BA Cambridge; LLM Harvard; MA, PhD Univof California, Los Angeles
Undergraduate Programme
Finance deals with individual and corporate decisions on the allocation of financial resources. Three major areas emphasised by the Department are corporate
School of Business and Management
finance, investment and portfolio management, and financial markets and institutions.
Corporate finance analyses the investment and financing decisions of firms, including mergers and acquisitions. lnvestment and portfolio management deals with the problems of asset pricing, portfolio design and risk management by individuals and investment firms. such as unit trusts. The financial markets and institutions area presents the unifying framework and environment in which financial activities take olace. Kev features of the maiorfinancial instruments and institutions are explained and
r - - - -, ~
analysed. In addition to the above, the Department also offers courses in international financial management, speculative markets, and other topics of interest to the Asia- Pacific region. The BBA degree in Finance suitably equips a student for pursuit of a career in banking, financial analysis, and investment firms.
Curriculum for BBA in Finance Core courses
FlNA 221 Investment Analysis and Portfolio Management (4-0-0:4]
FlNA 232 Financial Markets [4-0-0:4]
FlNA 321 Advanced Financial Management [4-0-0:4]
FlNA 342 International Finance [4-0-0:4]
LANG 101 Business Communication [0-3-0131
(2) MATH 005 Algebra and Calculus l [3-1-0:4]
(2) MATH 006 Algebra and Calculus I1 [3-1-0141
Elective courses
Elective tvoes
Minimum Minimum no. of courses total credits
FlNA Finance elective 1 4
ENGG Engineering elective 2 6
(3) HBSS Humanities and Social Science elective 4 12 SB&M Business and Management elective 1 3
(2) SClE Science elective Oor2 0 or 6
Additional requirement
Department of Finance
Notes:
(1) Students entering with grade B or above in AL Economics take ECON 191 ; those with grades C to E in AL Economics take ECON 1 1 1 ; all other students can choose to take either ECON 1 10 or 11 1.
(2) Students entering with HKCEE Mathematics only, or those who scored below grade C in HKCEE Additional Mathematics, take MATH 005 and MATH 006 in the Fall and Spring semesters respectively. All others take a science elective of at least three credits in each semester.
(3) Of these courses, at least one course in Humanities and one in Social Science are required.
(4) Students entering without grade C or above in AS Use of English will be required to take and pass this course during the first semester of attendance.
A minimum of 101 credits is required for the BBA programme in Finance.
Students must take additional course(s) andlor elective(s) of higher-than-required credit value to meet this minimum total of 101 credits.
Recommended Pattern of Study for the Curriculum 1st year Fall C ACCT 101, ECON 11011 111191, ISMT 11 1;
R MATH 005lSCIE;
E H&SS;
0 LANG 001 (Total: 18 credits)
Spring C FINA 11 1, ACCT 122, ECON 112, ISMT 101;
R MATH 006lSCIE (Total: 19 credits)
2nd year Fall C MARK 21 2, MGTO 221 ; Spring E FINA, ENGG, FREE, H&SS (Total: 13 credits) C = core course; R = required course; E = elective course; 0 = other course
Faculty Research Interests
Professor K. C. CHAN, Head of Department, and Acting Head of Accounting Investment; empirical asset pricing; options and futures; market microstructure.
Professor Yuk-Shee CHAN, Dean of Business and Management
Corporate finance; financial contracts and institutions; information economics.
(4) LANG 001 Language Skills Enhancement I [O-3-1 :O]
School of Business and Management
Professor Nai-Fu CHEN
Arbitrage pricing theory; empirical research in asset pricing; fixed income and derivative securities.
Professor Sheridan TITMAN, Adjunct Professor Corporate finance; investments; accounting; real estate.
Dr John WEI, Associate Professor, and Director of PhD and MPhil Programmes of Business and Management
Asset pricing theories; options and futures; international finance; applications of econometrics in finance.
Dr Kalok CHAN, Visiting Associate Professor
Dynamics of asset prices; market microstructure; derivatives; international financial markets.
Dr Murray Z. FRANK, Visiting Associate Professor
Pricing in markets with queues; experimental financial markets; corporate dividends in Hong Kong.
Dr Jess BELTZ, Assistant Professor
Theoretical and empirical issues in corporate finance and financial intermediation.
Dr Jun CAI, Assistant Professor
Asset pricing; empirical finance; applied time series.
Dr Andrew P. CARVERHILL, Assistant Professor
Valuation of derivative financial instruments; bond options, interest rate caps and associated computational problems.
Dr Vidhan K. GOYAL, Assistant Professor
Corporate finance; financial contracts; corporate governance structures; inter-firm contracts.
Dr Cheol PARK, Assistant Professor
Corporate finance; financial markets and institutions; contract theory.
Dr David QUINN, Assistant Professor
Financial markets; international corporate finance.
Dr Ann Guenther SHERMAN, Assistant Professor
Investment banking; shelf registration of new security issues; initial public offerings;
interaction of investment and financing decisions.
Dr Jhin-Young SHIN, Assistant Professor
Market microstructure; corporate finance; financial market regulation; derivative secu- rities; investment analysis.
Dr Wilson TONG, Assistant Professor
Foreign exchange market; Asian security markets; empirical finance; empirical market microstructure.
Department of Finance
Dr Maurice K. S. TSE, Assistant Professor
The valuation of hybrid mortgage; the effects of government regulations on airlines industries and financial markets; signalling and corporate acquisitions; tests of market efficiency.
Dr Keith WONG, Assistant Professor
Bank regulation; corporate finance; industrial organisation.
Dr Takeshi YAMADA, Assistant Professor
Empirical test of asset pricing with asymmetric information; corporate finance.
Dr Sudipto DASGUPTA, Visiting Assistant Professor
Corporate finance; auction theory; industrial organisation; game theory.
Dr Thomas HARRIS, Visiting Assistant Professor
Empirical corporate finance topics, including studies of stock repurchases and execu- tive compensation; empirical asset pricing topics, including studies of the influence of fundamentals on international stock markets.
School of Business and Management
DEPARTMENT OF INFORMATION AND SYSTEMS MANAGEMENT