Overview
Background
Professor Joseph Fan joined UQ Business School in 2022, after serving 25 years in Hong Kong (CUHK 2004-2011; HKUST 1997-2004; HKU 1996-1997). He holds a PhD in finance from University of Pittsburgh, USA (1996) and a BA degree in economics from National Taiwan University (1985).
Joseph is a world leading researcher and an expert on the finance, governance, and organization of emerging market companies. He has published his research in a wide spectrum of renounced academic journals, including Journal of Finance, Journal of Financial Economics, Journal of Financial and Quantitative Analysis, Journal of Corporate Finance, Journal of Business, Journal of Law and Economics, Journal of Law, Economics, and Organization, Journal of Comparative Economics, Journal of Accounting and Economics, and Journal of Accounting Research.
Joseph is one of the most cited researchers in finance globally – over 20,000 citations in Google Scholar. In particular, his co-authored research about ownership structures of East Asian companies has been named the 26th most cited article of all time published by Journal of Finance as of 2021. His another co-authored paper about political connections of Chinese firms published in Journal of Financial Economics has been named by Abacus (2018) as the 2nd most cited paper of all time on China finance and accounting topics. Joseph's research leadership is reflected by his long service on various editorial boards of international journals, including Journal of Corporate Finance and Management Science. His research insights are frequently quoted by global and regional medias, including The Economist, Wall Street Journal, Financial Times, Nikkei Asian Review, and South China Morning Post.
Besides research, Joseph devotes to disseminating knowledge to the industry and business community through applied research, executive education, and consulting. He is a co-author of The Family Business Map and several other books and case studies about family business governance and succession. He has developed a full EMBA course on corporate governance from emerging market perspectives and another course on family firm succession and governance, both are new and important addition to the business school curriculum. Joseph has consulted corporate governance and family business succession topics to numerous large and median sized global and regional industry leaders in China and Southeast Asia. The strong linkage between Joseph’s academic research and industry impacts has been acknowledged by Hong Kong University Grant Committee in its 2020 Research Assessment Exercise, as one of the top level (4/4) social impact cases submitted by all universities in Hong Kong.
Availability
- Professor Joseph Fan is:
- Not available for supervision
- Media expert
Fields of research
Qualifications
- Bachelor, National Taiwan University
- Doctor of Philosophy, University of Pittsburgh-Pittsburgh Campus
Research interests
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Corporate Governance
Ownership structures, control mechanisms, formal and informal governance of Asian and Chinese emerging market firms
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Family Firm Governance
Family governance, ownership and control mechanisms, and succession of founder and family controlled firms
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corporate finance
corporate capital structures and financing decisions in Asian emerging markets and global context
Research impacts
Impacts - Academic
One of the globally most cited researchers in finance (top 100), corporate finance (top 40), corporate governance (top 20), and family businesses (top 10), according to Google Scholar.
- Google Scholar: 21,483 cites as of August 25, 2022
- Web of Science SSCI: 5,040 cites as of June 22, 2021
- Scopus: 5,905 cites as of June 22, 2021
- A co-authored research about Asian corporate ownership structures and stock value discounts has been named as the 26th most cited article of all time published by Journal of Finance as of 2021.
- A co-authored research about political connection and market valuation of newly IPO firms published by Journal of Financial Economics has been named by Abacus (2018) as the 2nd most cited paper on China finance and accounting of all time.
Impacts – Industry
- Through consulting, Joseph has accumulated rich experience and professional relations with owners and managers of large and median sized global and regional industry leaders in China and Southeast Asia. The strong linkage between the academic research and the industry impacts has been acknowledged by Hong Kong University Grant Committee in its 2020 Research Assessment Exercise as one of the top level (4/4) social impact cases submitted by all universities in Hong Kong.
- Joseph has achieved high reputation as top expert of corporate governance and family firms in Chinese and Asian emerging markets; research outcomes and insights frequently quoted by global and regional medias, including The Economist, Wall Street Journal, Financial Times, Nikkei Asian Review, and South China Morning Post (See Media Coverage Section).
Works
Search Professor Joseph Fan’s works on UQ eSpace
2007
Journal Article
Politically connected CEOs, corporate governance, and Post-IPO performance of China's newly partially privatized firms
Fan, Joseph P. H., Wong, T. J. and Zhang, Tianyu (2007). Politically connected CEOs, corporate governance, and Post-IPO performance of China's newly partially privatized firms. Journal of Financial Economics, 84 (2), 330-357. doi: 10.1016/j.jfineco.2006.03.008
2006
Journal Article
The benefits and costs of group affiliation: evidence from East Asia
Claessens, Stijn, Fan, Joseph P.H. and Lang, Larry H.P. (2006). The benefits and costs of group affiliation: evidence from East Asia. Emerging Markets Review, 7 (1), 1-26. doi: 10.1016/j.ememar.2005.08.001
2006
Journal Article
On the patterns and wealth effects of vertical mergers
Fan, Joseph P.H. and Goyal, Vidhan K. (2006). On the patterns and wealth effects of vertical mergers. Journal of Business, 79 (2), 877-902. doi: 10.1086/499141
2005
Journal Article
Do external auditors perform a corporate governance role in emerging markets? Evidence from East Asia
Fan, Joseph P.H. and Wong, T.J. (2005). Do external auditors perform a corporate governance role in emerging markets? Evidence from East Asia. Journal of Accounting Research, 43 (1), 35-72. doi: 10.1111/j.1475-679x.2004.00162.x
2004
Book
Designing financial systems in East Asia and Japan
Joseph P. H. Fan, Masaharu Hanazaki and Juro Teranishi eds. (2004). Designing financial systems in East Asia and Japan. Abingdon, Oxon, United Kingdom: Rouledge.
2003
Journal Article
Corporate governance in Asia: a survey
Claessens, Stijn and Fan, Joseph P. H. (2003). Corporate governance in Asia: a survey. SSRN Electronic Journal. doi: 10.2139/ssrn.386481
2003
Journal Article
When does corporate diversification matter to productivity and performance? Evidence from East Asia
Claessens, Stijn, Djankov, Simeon, Fan, Joseph P.H. and Lang, Larry H.P. (2003). When does corporate diversification matter to productivity and performance? Evidence from East Asia. Pacific Basin Finance Journal, 11 (3), 365-392. doi: 10.1016/s0927-538x(03)00029-5
2002
Journal Article
Disentangling the incentive and entrenchment effects of large shareholdings
Claessens, Stijn, Djankov, Simeon, Fan, Joseph P.H. and Lang, Larry H.P. (2002). Disentangling the incentive and entrenchment effects of large shareholdings. Journal of Finance, 57 (6), 2741-2771. doi: 10.1111/1540-6261.00511
2002
Journal Article
Corporate ownership structure and the informativeness of accounting earnings in East Asia
Fan, Joseph P.H. and Wong, T.J. (2002). Corporate ownership structure and the informativeness of accounting earnings in East Asia. Journal of Accounting and Economics, 33 (3), 401-425. doi: 10.1016/s0165-4101(02)00047-2
2000
Journal Article
Price uncertainty and vertical integration: an examination of petrochemical firms
Fan, Joseph P.H. (2000). Price uncertainty and vertical integration: an examination of petrochemical firms. Journal of Corporate Finance, 6 (4), 345-376. doi: 10.1016/s0929-1199(00)00006-7
2000
Journal Article
The measurement of relatedness: an application to corporate diversification
Fan, J. P. H. and Lang, L. H. P. (2000). The measurement of relatedness: an application to corporate diversification. Journal of Business, 73 (4), 629-660. doi: 10.1086/209657
1995
Journal Article
The role of natural-resources in trade patterns among the US, Japan, and other countries in the Asian-Pacific rim
Nguyen, Dung and Fan, Po-Hung J. (1995). The role of natural-resources in trade patterns among the US, Japan, and other countries in the Asian-Pacific rim. Weltwirtschaftliches Archiv, 131 (3), 489-508. doi: 10.1007/bf02707914
Media
Enquiries
Contact Professor Joseph Fan directly for media enquiries about:
- Family business governance
- Family Business Succession
- Family Firm Governance
- Family Firm Succession
- Finance and Governance of Chinese Companies
- Financing and governance of Chinese companies
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