Staff Profile

Biography

Dr. Li Ya holds a PhD in Finance from Hong Kong Baptist University (Hong Kong PhD Fellowship Scheme) with a summer study from Nova School of Business and Economics in Lisbon, Portugal. She received her BBA (First Class Honours) at City University of Hong Kong and MSc at Imperial College London (Women in Finance Scholarship). Before joining the University, she had worked in Syracuse University, City University of Hong Kong, Hong Kong Baptist University and the Hang Seng University of Hong Kong. Her research interests include asset pricing and corporate finance. She has published articles in leading academic journals such as Management Science and Journal of Banking & Finance. Professionally, she is a certified Financial Risk Manager (FRM) with working exposure in several reputable institutions internationally and writes exam questions for the FRM program. 

Teaching Areas & Research Interests

• Behavioral Finance, Financial Risk Management
• Asset Pricing
• Corporate Finance

Selected Publications

Book Chapters

• Tang, D., Liu, Y., Li, Y. (2025). Analysis of Macquarie Group's Value at Risk using GARCH Models. Cheng Few Lee and John C. Lee, Handbook of Financial Econometrics, Statistics, Technology, and Risk Management, Chapter 137, World Scientific.

Journal Articles

• Chan, K. C., Chen, L., Huang, J., & Li, Y. (2025). Does FinTech Coverage Improve the Pricing Efficiency of Capital Market? Evidence from China. Journal of Banking & Finance, 107396.
• AU Victor Y. H., SHUM Ryan W. C, LI Leah Y. & XIAO Shanyun (2025). Property Values are Ultimately A Function of Moral Sentiments and Human Values. Company Lawyer, 46(2), 50-57.
• Tan, J., Chan, K. C., & Li, Y. (2025). The Effect of Drinking Culture on Corporate Cash Holdings. Emerging Markets Finance and Trade, 1-25.
• Chen, W., Xiao, S., Li, Y*.& Wong M. B. T. (2024). Extending An Olive Branch: Can the A-Share Market Entice China's Unicorn Companies to Go Public?. Company Lawyer, 45(8). 278-284.
• Feng, L., Li, Y., & Xu, J. (2024). Picking a thorny rose: Optimal trading with spread‐based return predictability. European Financial Management, 30(4), 2343-2375.
• Han, F., Zhang, X., Chan, K. C., & Li, Y. (2023). Firms' digital transformation and management earnings forecasts: Evidence from China. Borsa Istanbul Review, 23(6), 1356-1366.
• Lam, S. W. C., Shum, W. C. R., & Li, Y*. (2023). Extent of Shareholder Protection in Hong Kong under Revised Listing Rules and Recommendations. Company Lawyer, 44(8)
• Wong, M.B.T., Shum, R.W.C., Li, Y*. (2023). Enhancements to the Competency Framework for Intermediaries and Individual Practitioners by the Securities and Futures Commission in Hong Kong. Company Lawyer, 44(6).
• Shen, H., Cheng, X., Ouyang, C., Li, Y., & Chan, K. C. (2022). Does share pledging affect firms' use of derivatives? Evidence from China. Emerging Markets Review, 50, 100841.
• Cao, K. H., Woo, C. K., Li, Y.*, & Liu, Y. (2022). Covid-19's effect on the alpha and beta of a US stock Exchange Traded Fund. Applied Economics Letters, 29(2), 123-128.
• Lei, Y., Li, Y., & Xu, J. (2020). Two birds, one stone: Joint timing of returns and capital gains taxes. Management Science, 66(2), 823-843.
• Chui, D., Cheng, W. W., Chow, S. C., & Li, Y.* (2020). Eastern Halloween effect: A stochastic dominance approach. Journal of International Financial Markets, Institutions and Money, 68, 101241.
• Lam, F.E.C., Li, Y., Prombutr, W. and Wei, K.J., (2020). Limits‐to‐arbitrage, investment frictions, and the investment effect: New evidence. European Financial Management. Hong Kong Institute for Monetary Research/Hong Kong Monetary Authority Working Paper No. 4 /2019.

Selected Professional & Community Services

• Reviewer: Journal of Corporate Finance, The European Journal of Finance, Journal of Accounting and Public Policy, Finance Research Letters, International Review of Financial Analysis, Pacific-Basin Finance Journal, Journal of Business Research, International Review of Economics and Finance, Review of Financial Economics
• Conference Session Chair: EFMA 2023, CINSC/INFINITI 2025

Further Information

Link to Google Scholar page

Modified Date: 20 Feb, 2026
Edit Profile