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Professor Joseph Fan

Professor Joseph Fan

Research School of Finance, Actuarial Studies & Statistics


Position:
Professor (Part-time)
Email: joseph.fan@anu.edu.au
CV: CV (.PDF, 452KB)

Research areas

The Organization, Finance, and Governance of Firms; State Owned Enterprises and Family Businesses in China and East Asia

Biography

Professor Joseph Fan is a part-time professor of Research School of Finance, Actuarial Studies & Applied Statistics of Australian National University. He is also Professor of School of Accountancy and Department of Finance, and Director of Center of Economics and Finance of The Chinese University of Hong Kong (CUHK). Before joining CUHK, he was on faculty of University of Hong Kong and Hong Kong University of Science & Technology. He received his bachelor degree in economics from National Taiwan University, and Ph.D. degree in finance from University of Pittsburgh, USA.

Professor Fan is one of the most cited finance professors in Asia. He is an expert in finance and governance of emerging market corporations. He has done pioneer research in topics such as political connections of Chinese firms, organizational pyramids of state owned enterprises in China, ownership structure and stock valuation of Asian firms, succession of Chinese family businesses, and marriages and networks in Thailand. He has published many of his works in world top academic journals including Journal of Finance, Journal of Financial Economics, Journal of Financial and Quantitative Analysis, Journal of Accounting & Economics, and Journal of Accounting Research. His research has often been featured by global and regional media, including The Economist, New York Times, Asian Wall Street Journal, Financial Times, and South China Morning Post.

Besides teaching and research, Professor Fan has been actively serving the academic and the business communities. He has organized numerous academic conferences, and regularly gives speeches in academic and business conferences. He is an advisory editor of Financial Management, and associate editor of Asia-Pacific Journal of Financial Studies, Corporate Governance: An International Review, Journal of Corporate Finance, Pacific-Basin Finance Journal, and Review of Finance. He is honorary director of Private Enterprise Governance and Development Centre of Renmin University of China. Hehas consulting activities with Asian corporations and international organizations including the World Bank and OECD. Professor Fan is married with two children.

 

Research publications

Research Impact

Google Scholar Citation: 9379 cites as of November 17, 2014. 

SSCI: 1015 cites as of January 2014

Journal Articles

 1)      Morten Bennedsen, Joseph P.H. Fan, Ming Jian, and Yin-Hua Yeh, “The Family Business Map: Framework, Selective Survey, and Evidence from Chinese Family Firm Succession”, Journal of Corporate Finance, forthcoming. 

 2)        Joseph P.H. Fan, T.J. Wong, and Tianyu Zhang, “Politically Connected CEOs, Corporate Governance, and Post-IPO Performance of China's Newly Partially Privatized Firms”, Journal of Applied Corporate Finance, forthcoming 

3)        Joseph P.H. Fan, Jun Huang, Randall Morck, and Bernard Yeung, “Institutional Determinants of Vertical Integration in China”, Journal of Corporate Finance, forthcoming.

4)        Joseph P.H. Fan, Feng Guan, Zengquan Li, and Yong George Yang, “Relationship Networks and Earnings Informativeness: Evidence from Corruption Cases”, Journal of Business Finance and Accounting, forthcoming.

5)        Joseph P. H. Fan, Li Jin, and Guojian Zheng, “Revisiting the Bright and Dark Sides of Capital Flows in Business Groups”, Journal of Business Ethics, forthcoming.

6)        Joseph P.H. Fan, Jun Huang, and Ning Zhu, “Institutions, Ownership Structures, and Distress Resolution in China”, Journal of Corporate Finance, 23, 2013, 71–87.

7)        Joseph P.H. Fan, T.J. Wong, and Tianyu Zhang, “Institutions and Organizational Structure: The Case of State-Owned Corporate Pyramids”, The Journal of Law, Economics, & Organization, 29(6), 2013, 1217-1252.

8)        Joseph P.H. Fan, Stuart L. Gillan, and Xin Yu, “Innovation or Imitation? The Role of Intellectual Property Rights Protections”, Journal of Multinational Financial Management, 23(3), 2013, 208-234.

9)        Joseph P.H. Fan, Stuart L. Gillan, and Xin Yu, “Property Rights, R&D Spillovers, and Corporate Accounting Transparency in China”, Emerging Markets Review, 15, 2013, 34–56.

10)    Pramuan Bunkanwanicha, Joseph P.H. Fan, and Yupana Wiwattanakantang, “The Value of Marriage to Family Firms”, Journal of Financial & Quantitative Analysis, 48(2), 2013, 611–636.

11)    Joseph P.H. Fan, Sheridan Titman, and Garry Twite, “An International Comparison of Capital Structure and Debt Maturity Choices”, Journal of Financial & Quantitative Analysis, 47(1), 2012, 23-56.

12)    Joseph P.H. Fan, T.J. Wong, and Tianyu Zhang, “Founder Succession and Accounting Properties”, Contemporary Accounting Research, 29(1), 2012, 283-311.

13)    Joseph P.H. Fan, K.C. John Wei, and Xinzhong Xu, “Corporate Finance and Governance in Emerging Markets: A Selective Review and An Agenda for Future Research”, Journal of Corporate Finance, 17(2), 2011, 207-214.

14)    Joseph P.H. Fan, Randall Morck, Lixin Colin Xu, and Bernard Yeung, “Institutions and Foreign Direct Investment: China versus the Rest of the World”, World Development, 37(4), 2009, 852-865.

15)    Joseph P.H. Fan, Oliver Meng Rui, and Mengxin Zhao, “Public Governance and Corporate Finance: Evidence from Corruption Cases”, Journal of Comparative Economics, 36(3), 2008, 343-364.

16)    Joseph P.H. Fan, Jun Huang, Felix Oberholzer-Gee, Troy D. Smith, and Mengxin Zhao, “Diversification of Chinese Companies: An International Comparison”, Chinese Management Studies, 2(1), 2008, 6-13.

17)    Joseph P.H. Fan, T.J. Wong, and Tianyu Zhang, “Politically Connected CEOs, Corporate Governance, and Post-IPO Performance of China's Newly Partially Privatized Firms”, Journal of Financial Economics, 84(2), 2007, 330-357.

18)    Joseph P.H. Fan and Vidhan Goyal, “On the Patterns and Wealth Effects of Vertical Mergers”, Journal of Business79(2), 2006, 877-902.

19)    Stijn Claessens, Joseph P.H. Fan, and Larry Lang, “The Benefits and Costs of Group Affiliation: Evidence from East Asia”, Emerging Markets Review, 7(1), 2006, 1-26.

20)    Joseph P.H. Fan and T.J. Wong, “Do External Auditors Perform A Corporate Governance Role in Emerging Markets? Evidence from East Asia”, Journal of Accounting Research, 43(1), 2005, 35-72.

21)    Stijn Claessens, Simeon Djankov, Joseph P.H. Fan, and Larry Lang, “When Does Corporate Diversification Matter to Productivity and Performance? Evidence from East Asia”, Pacific-Basin Finance Journal, 11(3), 2003, Special Issue on Corporate Governance, 365-392.

22)    Stijn Claessens and Joseph P.H. Fan, “Corporate Governance in Asia: A Survey” , International Review of Finance, 3(2), 2002, 71-103.

23)    Stijn Claessens, Simeon Djankov, Joseph P.H. Fan, and Larry Lang, “Disentangling the Incentive and Entrenchment Effects of Large Shareholdings”, Journal of Finance, 57(6), 2002, 2741-2771. 

24)    Joseph P.H. Fan and T.J. Wong, “Corporate Ownership Structure and the Informativeness of Accounting Earnings in East Asia,” Journal of Accounting and Economics, 33(3), 2002, 401-425.

25)    Joseph P.H. Fan, "Price Uncertainty and Vertical Integration: An Examination of Petrochemical Firms," Journal of Corporate Finance, 6(4), 2000, 345-376.

26)    Joseph P.H. Fan and Larry H.P. Lang, “The Measurement of Relatedness: An Application to Corporate Diversification,” Journal of Business, 73(4), 2000, 629-660.

27)    Dung Nguyen and Joseph P.H. Fan, "The Role of Natural Resources in Trade Patterns among the U.S., Japan, and Other Countries in the Asian Pacific Rim," Review of World Economics, 131(3), 1995, 489-508.

 

Books, Book Chapters, and Case Studies

Morten Bennedsen and Joseph P. H. Fan, The Family Business Map: Assets and Roadblocks in Long Term Planning, Palgrave Macmillan, 2014. 

Joseph P.H. Fan and Randall Morck (Editors): Capitalizing China, The University of Chicago Press, 2012. 

Joseph P.H. Fan, Randall Morck, and Bernard Yeung, “Capitalizing China – Translating Market Socialism with Chinese Characteristics into Sustained Prosperity,” In Joseph P.H. Fan and Randall Morck (Eds): Capitalizing China, The University of Chicago Press, 2012, pp. 1 - 32.

“Formosa Plastics Group: Business Continuity Forever”, with Li Jin, and Winnie S.C. Leung, Harvard Business School Case (N9-210-026), 2010.

Donghua Chen, Joseph P.H. Fan, and T.J. Wong, “Decentralization and the Structure of Chinese Corporate Boards: Do Politicians Jeopardize Board Professionalism and Firm Performance?” In Chapter 9 of A.S. Tsui, Y. Bian, and L. Cheung (Eds.), China’s Domestic Private Firms: Multi-Disciplinary Perspectives on Management and Performance, M.E. Sharpe, Inc. New York, 2006, pp. 147-170. 

Joseph P.H. Fan, and Yupana Wiwatanakantang, “Bank Ownership and Governance Quality in Four Post-crisis Asian Economies,” in Chapter 3 of Sang-Woo Nam and Chee Soon Lum (Editors): Corporate Governance of Banks in Asia (Volume 2), Asian Development Bank Institute, 2006, pp. 74-105. 

Joseph P.H. Fan, Masaharu Hanazaki, and Juro Teranishi (Editors), Designing Financial Systems in East Asia and Japan, Routledge, 2004. 

Stijn Claessens, Simeon Djankov, Joseph P.H. Fan, and Larry Lang, “The Benefits and Costs of Internal Markets: Evidence from Asia’s Financial Crisis,” in Chapter 8 of Joseph P.H. Fan, Masaharu Hanazaki, and Juro Teranishi (Editors): Designing Financial Systems in East Asia and Japan, Routledge, 2004, pp. 204-224. 

 

Research engagement and outreach

Editorial Boards

  • Associate Editor, Asia-Pacific Journal of Financial Studies, 2014 - present
  • Associate Editor, Review of Finance, 2014 - present
  • Associate Editor, Corporate Governance: An International Review, 2013-present
  • Advisory Editor, Financial Management, 2011-present
  • Associate Editor, Journal of Corporate Finance, 2009-present
  • Associate Editor, Pacific Basin Finance Journal, 2006 - present
  • Guest Editor, Journal of Corporate Finance Special Issue on the Governance of Family Firms (2013)
  • Guest Editor, Journal of Corporate Finance Special Issue on Corporate Finance and Governance in Emerging Markets (2010)
  • Member, the Business Study Panel of the Research Grant Council of Hong Kong, 2007-2011 

 

Updated:   1 March 2017 / Responsible Officer:  CBE Communications and Outreach / Page Contact:  College Web Team