Prof.Joseph K.W.Fung馮觀榮 教授 jfung@associate.hkbu.edu.hk

Position:
Professor Emeritus,Department of Finance and Decision Sciences



Academic & Professional Qualifications
HonsDip HKBC, MA, PhD Alabama

Research Interests
Derivative Securities; Price Dynamics; Risk Management; Market Microstructure; Corporate Finance

Publications
Fung, K., Webb, Robert I., & Chan, Wing H. (2017). Do Derivative Markets Contain Useful Information for Signaling 'Hot Money' Flows?. Asia-Pacific Journal of Financial Studies, 46(3), 491-527.
Fung, J., Lau, F., & Tse, Y. (2015). The Impact of Sampling Frequency on Intraday Correlation and Lead-Lag Relationships between Index Futures and Individual Stocks. Journal of Futures Markets, 35(10), 939-952.
Qiao, Z., Wong, W., & Fung, J. (2013). Stochastic dominance relationships between stock and stock index futures markets: International evidence. Economic Modelling, 33, 552-559.
Cheng, X., & Fung, J. (2012). The Information Content of Model-free Implied Volatility. Journal of Futures Markets, 32(8), 792 - 806.
Fung, J., & Zeng, Ted Z. X. (2012). Are Derivative Warrants Overpriced?. Journal of Futures Markets, 32(12), 1144-1170.
Fung, J., & Webb, Robert I. (2012). Clearing and OTC Traded Derivatives: A Survey. Review of Futures Markets, 20, 7-19.
Che, Sanry Y. S., & Fung, J. (2011). The Performance of Alternative Futures Buy-write Strategies. Journal of Futures Markets, 31(12), 1202-1227.
Fong, W., Valente, G., & Fung, J. (2010). Covered interest arbitrage profits: the role of liquidity and credit risk. Journal of Banking and Finance, 34(5), 1098-1107.
Fung, W. M., Valente, G., & Fung, J. K. W. (2010). Covered Interest Arbitrage Profits: The Role of Liquidity and Credit Risk. Journal of Banking and Finance, 34, 1098-1107.
Chan, W., Cheng, X., & Fung, J. (2010). Forecasting Volatility: Roles of Sampling Frequency and Forecasting Horizon. Journal of Futures Markets, 30(12), 1167–1191.
Fung, J. K. W., & Yung, H. (2009). Expiration-day Effects - An Asian Twist. Journal of Futures Markets, 29(5), 430-450.
Fung, J. K. W., & Tse, Y. (2008). Efficiency of Single Stock Futures Market. Journal of Futures Markets, 28(6), 518-536.
Fung, J. K. W. (2007). The Information Content of Option Implied Volatility Surrounding the 1997 Hong Kong Stock Market Crash. Journal of Futures Markets, 27(6), 555-574.
Fung, J. K. W., & Yu, P. (2007). Order Imbalance and the Dynamics of Index and Futures Prices. Journal of Futures Markets, 27(12), 1129-1157.
Fung, J. K. W. (2007). Order Imbalance and the Pricing of Index Futures. Journal of Futures Markets.