investment decision

Need Funds? Ask Investors on A Sunny Day

How and why can irrelevant, short-lived factors shape investment decisions? This can happen in investment decisions in nascent, seed-stage startups, where information is scarce and uncertainty is intense. Taking sunshine on the d ...

The Future of Robo-Advising Risk Profiling in Hong Kong

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, co ...

Why and When Do Crowdfunding Backers Invest?
LI, Gen | WANG, Jing

Crowdfunding—collecting small donations from a large number of investors—is an increasingly popular way of raising capital, particularly for creative projects. With the rise of crowdfunding platforms such as Kickstarte ...

Enhancing Portfolio Performance in the 21st Century
AO, Mengmeng | LI, Yingying | ZHENG, Xinghua

Mean-variance analysis is a tool used to make investment decisions by weighing risk (or variance) against expected returns. It helps investors determine how much risk they are willing to accept in exchange for bigger (or smaller) ...

The Value of Analysts' Capital Expenditure Forecasts

Financial analysts are important information intermediaries in capital markets. Traditional research outputs of analysts, such as buy/sell recommendations and EPS forecasts, have been the mainstream focus of market participants. I ...

Firms’ Information Environment: Implications for Investors’ and Managers’ Decisions
HANN, Rebecca N. | KIM, Heedong | ZHENG, Yue

An earnings announcement – a public statement of a company’s profitability, usually issued on a quarterly basis – provides useful information to assess peer firms’ expected cash flows, as well as the uncert ...

Good and Bad Trades: An Optimal Strategy for Currency Trading
BEKAERT, Geert | PANAYOTOV, George

Currency carry trading is an investment strategy whereby traders invest in high-interest rate currencies and fund in low-interest rate ones. Historically, this trade has generated substantial returns. Typical analysis of the trade ...

Textual Information and its Impact on Investors

FinTech companies complain about disclosures, but investors can find them useful if they understand them

Economic Freedom in Investment: Where May We Find the Future Prosperity of Hong Kong?

Value creation depends on the flexibility which corporate managers have to invest in growth opportunities and to make adaptation under adverse economic conditions. In his talk, Professor Peter Chen will discuss his findings in a c ...