People and Research People

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Assistant Professor

9-213, Lau Ming Wai Academic Building, City University of Hong Kong
+852 34425839


PhD - Finance (INSEAD)
M.Sc. - Quantitative Finance (University College Dublin)
B.Sc. - Financial Mathematics (University of Limerick)


James O'Donovan is an assistant professor of finance at the City University of Hong Kong. His research publications have appeared in the Journal of Financial Economics and The Review of Financial Studies and his research proposals have been funded by the Hong Kong Research Grants Council. James obtained his finance Ph.D. degree from INSEAD and his M.Sc. degree in Quantitative Finance from University College Dublin. His research interests include empirical corporate finance and empirical asset pricing.


Research Grants

PI: "Can Variable Annuity Hedging Explain the Excess Implied Volatility Puzzle? ", General Research Fund - HKRGC, (2022-2025), James O'Donovan

PI: "Derivative Gamma Exposure and Underlying Asset Variance", General Research Fund - HKRGC, (2021-2024), James O'Donovan

PI: "Option Implied Informativeness: A Dynamic Perspective ", Start-up Grant - CityU HK, (2020-2022), James O'Donovan


Journal Publications and Reviews

Massa, Massimo; O’Donovan, James; Zhang, Hong / International Asset Pricing with Strategic Business Groups. August 2022; In: Journal of Financial Economics. Vol. 145, No. 2, Part B, pp. 339-361

O'Donovan, James; Wagner, Hannes F.; Zeume, Stefan / The Value of Offshore Secrets: Evidence from the Panama Papers. November 2019; In: Review of Financial Studies. Vol. 32, No. 11, pp. 4117-4155