Department of Economics and Finance | Staff List

Prof. WU Xueping (吳雪平教授)

PhD - Applied Economics (Finance) (Catholic University of Leuven)
MBA - Business Administration (Catholic University of Leuven)
ME - Management Engineering (Tongji University)
BE (5yrs Program) - Management Engineering (Tongji University)

Associate Head
Associate Professor

Contact Information

E-mail:
Address:	9-218, Lau Ming Wai Academic Building City University of Hong Kong
Phone:	+852 34427577
efxpwu@cityu.edu.hk
Personal Web:
http://personal.cityu.edu.hk/~efxpwu/
SSRN Web:
https://papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=57647
Public CV:	Download

Research Areas

Corporate Finance
Asset Pricing and Capital Markets
International Financial Management

Dr. Xueping Wu joined The CityU in 1995 after obtaining a PhD in Applied Economics (in the area of Finance) from K.U. Leuven (Belgium). He has been teaching Financial Management, Corporate Finance, Investment, and International Financial Management. He has also been supervising Mphil and PhD students. His research interests are both theoretical and empirical, covering Corporate Finance, Asset Pricing and Capital Markets, and International Finance. He has published articles in high quality academic journals such as The Journal of Business, JFQA, The Review of Finance, The Journal of Banking and Finance, The Journal of Corporate Finance, The Journal of International Money and Finance, and The Review of Derivatives Research. He has won several best paper awards including the 1999-WFA Award for the Best Paper in Corporate Finance. For avocations, he likes hiking, swimming and practicing Tai-chi, and he has been many times Champions of Staff-50/100m Breast-stroke at the CityU Annual Aquatic Meets since 1996.

Awards

Award Title	Institution
2008 Best Paper Award for the Best Papers at the China International Conference in Finance	Tsinghua University & MIT
2006 Outstanding Paper Award for the Best Papers at the International Conference on Finance	National Taiwan University
2006 Best Paper Award (Third Place) for the Best Papers at the 1st International Conference on Asian-pacific Financial Markets	Korean Securities Association
Iddo Sarnat Award (second place) for the Best Papers Published in the 2002 Issues of Journal of Banking and Finance	Journal of Banking and Finance
2002 Barclays Global Investors Award for the Best Papers on the Australasian Capital Markets	Barclays Global Investors
1999 WFA Award for the Best Paper in Corporate Finance	Western Finance Association

Research Grant

PI: "Advisor Lending to the Advised Acquirer in M&A", General Research Fund - UGC , Amount: $218,000 (2015-2017) , Xueping Wu
PI: "Persistent Growth Uncertainty and Investment Sensitivity to Cash Flow", Strategic Research Grant - City U of Hong Kong , Amount: $100,000 (2013-2014) , Xueping Wu
PI: "Growth Type Matching and Corporate Merger", CITYU SEED grant - City U of Hong Kong , Amount: $80,126 (2013-2014) , Xueping Wu
PI: "Do Investment-Cash Flow Sensitivities of Listed Firms Reflect Growth Types Rather than Financial Constraints?", SRG - City U of Hong Kong , Amount: $180,000 (2012-2014) , Xueping Wu
PI: "Fundamentals and the Persistence and Convergence in Corporate Capital Structure", General Research Fund - UGC , Amount: $407,880 (2008-2010) , Xueping Wu
PI: "The Choice of Seasoned Equity Flotation Method around the World: A Control Benefits Approach", General Research Fund - UGC , Amount: $387,776 (2005-2008) , Xueping Wu
PI: "Understanding the Positive Announcement Effect of Private Equity Placement: New Insights from Hong Kong Data", General Research Fund - UGC , Amount: $329,700 (2004-2007) , Xueping Wu
PI: "Investment Efficiency and Financing Decisions with a Main Bank", Strategic Reserach Grants - City U of Hong Kong , Amount: $179,800 (2004-2006) , Xueping Wu
PI: "Conditional Valuation Effects of Controlling Ownership: Rights Offerings versus Placements in Hong Kong", General Research Fund - UGC , Amount: $336,000 (2003-2006) , Xueping Wu
PI: "How Is Japan's Corporate Choice of Bank Loans and Public Debt Related to Firm's Growth?", Strategic Reserach Grants - City U of Hong Kong , Amount: $200,000 (2001-2004) , Xueping Wu

Administrative Assignments

Period	Name	Position
3/2013 - Now	College of Business DBA Program	Associate Director
9/2010 - 8/2012	College Board of CB	Member
9/2010 - 8/2012	Departmental PhD Program	Director
9/2008 - 8/2012	Departmental Staffing Commitee (EF)	Member
9/2007 - 8/2012	Departmental Research Seminar	Coordinator
9/2004 - 6/2005	Departmental Staffing Committee (EF)	Member
9/2003 - 6/2005	BBA Financial Engineering	Programme Leader

External Links

Google

Google Scholar Citations

Selected Publications

Journal Publications and Reviews
Chen, Chong; Wu, Xueping / Winning megadeals: The dual role of acquirer advisors in loan-financed mergers and acquisitions. August 2021; In: Journal of Corporate Finance. Vol. 69 Wu, Xueping; Wang, Zheng; Yao, Jun / A Rent-Protection Explanation for SEO Flotation-Method Choice. June 2016; In: Journal of Financial and Quantitative Analysis. Vol. 51, No. 3, pp. 1039-1069 Wu, Xueping; Au Yeung, Chau Kin / Firm growth type and capital structure persistence. December 2012; In: Journal of Banking and Finance. Vol. 36, No. 12, pp. 3427-3443 Wu, Xueping; Yao, Jun / Understanding the rise and decline of the Japanese main bank system: The changing effects of bank rent extraction. January 2012; In: Journal of Banking and Finance. Vol. 36, No. 1, pp. 36-50 Wu, Xueping; Sercu, Piet; Yao, Jun / Does competition from new equity mitigate bank rent extraction? Insights from Japanese data. October 2009; In: Journal of Banking and Finance. Vol. 33, No. 10, pp. 1884-1897 Sercu, Piet; Vandebroek, Martina; Wu, Xueping / Is the forward bias economically small? Evidence from European rates. December 2008; In: Journal of International Money and Finance. Vol. 27, No. 8, pp. 1284-1302 Wu, Xueping; Wang, Zheng / Equity financing in a Myers-Majluf framework with private benefits of control. October 2005; In: Journal of Corporate Finance. Vol. 11, No. 5, pp. 915-945 Wu, Xueping; Wang, Zheng; Yao, Jun / Understanding the positive announcement effects of private equity placements: New insights from Hong Kong data. September 2005; In: Review of Finance. Vol. 9, No. 3, pp. 385-414 Wu, Xueping; Xu, Lily Li / The value information of financing decisions and corporate governance during and after the Japanese deregulation. January 2005; In: Journal of Business. Vol. 78, No. 1, pp. 243-280 Wu, Xueping / A conditional multifactor analysis of return momentum. 2002; In: Journal of Banking and Finance. Vol. 26, No. 8, pp. 1675-1696 Wu, Xueping / A new stochastic duration based on the vasicek and CIR term structure theories. September 2000; In: Journal of Business Finance and Accounting. Vol. 27, No. 7-8, pp. 911-932 Sercu, Piet; Wu, Xueping / Cross- and delta-hedges: Regression- versus price-based hedge ratios. May 2000; In: Journal of Banking and Finance. Vol. 24, No. 5, pp. 735-757 Wu, Xueping; Zhang, Jin E. / Options on the minimum or the maximum of two average prices. May 1999; In: Review of Derivatives Research. Vol. 3, No. 2, pp. 183-204 Sercu, Piet; Wu, Xueping / The information content in bond model residuals: An empirical study on the belgian bond market. May 1997; In: Journal of Banking and Finance. Vol. 21, No. 5, pp. 685-720

Journal Publications and Reviews

Chen, Chong; Wu, Xueping / Winning megadeals: The dual role of acquirer advisors in loan-financed mergers and acquisitions. August 2021; In: Journal of Corporate Finance. Vol. 69
Wu, Xueping; Wang, Zheng; Yao, Jun / A Rent-Protection Explanation for SEO Flotation-Method Choice. June 2016; In: Journal of Financial and Quantitative Analysis. Vol. 51, No. 3, pp. 1039-1069
Wu, Xueping; Au Yeung, Chau Kin / Firm growth type and capital structure persistence. December 2012; In: Journal of Banking and Finance. Vol. 36, No. 12, pp. 3427-3443
Wu, Xueping; Yao, Jun / Understanding the rise and decline of the Japanese main bank system: The changing effects of bank rent extraction. January 2012; In: Journal of Banking and Finance. Vol. 36, No. 1, pp. 36-50
Wu, Xueping; Sercu, Piet; Yao, Jun / Does competition from new equity mitigate bank rent extraction? Insights from Japanese data. October 2009; In: Journal of Banking and Finance. Vol. 33, No. 10, pp. 1884-1897
Sercu, Piet; Vandebroek, Martina; Wu, Xueping / Is the forward bias economically small? Evidence from European rates. December 2008; In: Journal of International Money and Finance. Vol. 27, No. 8, pp. 1284-1302
Wu, Xueping; Wang, Zheng / Equity financing in a Myers-Majluf framework with private benefits of control. October 2005; In: Journal of Corporate Finance. Vol. 11, No. 5, pp. 915-945
Wu, Xueping; Wang, Zheng; Yao, Jun / Understanding the positive announcement effects of private equity placements: New insights from Hong Kong data. September 2005; In: Review of Finance. Vol. 9, No. 3, pp. 385-414
Wu, Xueping; Xu, Lily Li / The value information of financing decisions and corporate governance during and after the Japanese deregulation. January 2005; In: Journal of Business. Vol. 78, No. 1, pp. 243-280
Wu, Xueping / A conditional multifactor analysis of return momentum. 2002; In: Journal of Banking and Finance. Vol. 26, No. 8, pp. 1675-1696
Wu, Xueping / A new stochastic duration based on the vasicek and CIR term structure theories. September 2000; In: Journal of Business Finance and Accounting. Vol. 27, No. 7-8, pp. 911-932
Sercu, Piet; Wu, Xueping / Cross- and delta-hedges: Regression- versus price-based hedge ratios. May 2000; In: Journal of Banking and Finance. Vol. 24, No. 5, pp. 735-757
Wu, Xueping; Zhang, Jin E. / Options on the minimum or the maximum of two average prices. May 1999; In: Review of Derivatives Research. Vol. 3, No. 2, pp. 183-204
Sercu, Piet; Wu, Xueping / The information content in bond model residuals: An empirical study on the belgian bond market. May 1997; In: Journal of Banking and Finance. Vol. 21, No. 5, pp. 685-720

Conference Papers
CHEN, Chong; WU, Xueping / Advisor Lending to the Advised Acquirer During M&A: Conflict of Interest or Last Resort Financing?. December 2016; 29th Australasian Finance and Banking Conference, 14/12/2016 - 16/12/2016, Sydney, Australia. WU, Xueping; Au Yeung, Chau Kin / The Sensitivity of Investment to Cash Flow: An Explanation Based on the Growth-Type-Aligned Financing Hierarchy. December 2016; 29th Australasian Finance and Banking Conference, 14/12/2016 - 16/12/2016, Sydney, Australia. Wu, Xueping; Wang, Zheng; Yao, Jun / A Rent Protection Explanation for SEO Flotation Method Choice. June 2014; City University of Hong Kong Finance Conference, 10/06/2014 - 11/06/2014, , China. WU, Xueping; Au Yeung, Chau Kin / 2013 China International Conference in Finance July 10-13, 2013 Shanghai, China Growth Uncertainty and the Persistence of Investment and Financial Policies. July 2013; 2013 China International Conference in Finance (CICF 2013), 10/07/2013 - 13/07/2013, Shanghai, China. WU, Xueping; WANG, Zheng / Revealing the Alignment Effect of Ownership Concentration in a Closely Held Market: Evidence from the Choice of Seasoned Equity Flotation Method. July 2007; 2007 China International Conference in Finance (CICF 2007), 09/07/2007 - 12/07/2007, Chengdu, China.

Conference Papers

CHEN, Chong; WU, Xueping / Advisor Lending to the Advised Acquirer During M&A: Conflict of Interest or Last Resort Financing?. December 2016; 29th Australasian Finance and Banking Conference, 14/12/2016 - 16/12/2016, Sydney, Australia.
WU, Xueping; Au Yeung, Chau Kin / The Sensitivity of Investment to Cash Flow: An Explanation Based on the Growth-Type-Aligned Financing Hierarchy. December 2016; 29th Australasian Finance and Banking Conference, 14/12/2016 - 16/12/2016, Sydney, Australia.
Wu, Xueping; Wang, Zheng; Yao, Jun / A Rent Protection Explanation for SEO Flotation Method Choice. June 2014; City University of Hong Kong Finance Conference, 10/06/2014 - 11/06/2014, , China.
WU, Xueping; Au Yeung, Chau Kin / 2013 China International Conference in Finance July 10-13, 2013 Shanghai, China Growth Uncertainty and the Persistence of Investment and Financial Policies. July 2013; 2013 China International Conference in Finance (CICF 2013), 10/07/2013 - 13/07/2013, Shanghai, China.
WU, Xueping; WANG, Zheng / Revealing the Alignment Effect of Ownership Concentration in a Closely Held Market: Evidence from the Choice of Seasoned Equity Flotation Method. July 2007; 2007 China International Conference in Finance (CICF 2007), 09/07/2007 - 12/07/2007, Chengdu, China.