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Associate Professor Jing Chi staff profile picture

Contact details +64 (06) 356 9099  ext. 84048

Associate Professor Jing Chi PhD, MSc, BA(Hons)

Associate Professor / Director International Programmes

School of Economics and Finance

Jing came to Massey from the University of Reading in England, where she had been teaching and completing her PhD in Finance. Her work experience includes employment in the Investment Banking Department of Huatai Securities Company in China and in the London Stock Exchange. Jing received her PhD from the University of Reading in 2003 and became a CFA charterholder in 2005. She currently teaches 125.340 Investment Analysis and 125.342 Investment Planning, and supervises Master's and PhD students.


Major achievements:

  • Awarded 2013 New Zealand National Tertiary Teaching Excellence Award
  • Taken a prominent role in developing bilateral agreements between Massey University and several prestigious Chinese universities, generating revenue on international tuition alone of over NZD 50 million
  • Highly Commended Award Winner in the Emerald Literati Network 2012 Awards for Excellence
  • Being invited and served as the Associate Editor of “Finance Research Letters”; the Special Edition Co-editor of “Research in International Business and Finance” and the Special Issue Editor of “Pacific Accounting Review” (all B-ranked journals in ABDC list)
  • Published over 30 papers in high-ranking international refereed journals (including Journal of Business Finance and Accounting, Emerging Markets Review, China Economic Review, International Review of Financial Analysis)
  • Awarded “Chinese National Science Research Grant” of 310,000 RMB (approximately NZD73,000) with Jingjing Yang on the project “Patents and firms’ financial decisions and values”
  • Being invited and served on the programme committee for FMA 2007 annual conference; FMA 2009, 2011 and 2014 Asian conferences; and 2013, 2014, 2015, 2016, 2017, 2018 Asian Finance Association Conferences
  • Awarded the Women’s Research Award at Massey University in 2012
  • Designed and organised highly successful Initial Public Offerings (IPOs) in China
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Professional

Contact details

  • Ph: 84048
    Location: 2.11, Business Studies West
    Campus: Turitea

Qualifications

  • Doctor of Philosophy - University of Reading (2003)
  • Master of Science - University of Reading (2000)
  • Bachelor of Arts (Honours) - Nanjing University (1997)

Research Expertise

Research Interests

  • IPOs
  • Corporate finance
  • Corporate governance 

Thematics

Resource Development and Management

Area of Expertise

Field of research codes
Banking, Finance and Investment (150200): Business and Management (150300): Commerce, Management, Tourism And Services (150000): Corporate Governance and Stakeholder Engagement (150303): Finance (150201)

Keywords

  • 2013 National Tertiary Teaching Excellence Award
  • 2013 The Massey University Vice-Chancellor's Award for Teaching Excellence
  • 2012 The Richard Buchanan College of Business Teaching Excellence Award at Massey University
  • 2012 The Women's Research Award at Massey University

 

Research Projects

Summary of Research Projects

Position Current Completed
Project Leader 0 2

Completed Projects

Project Title: Initial Public Offerings (IPOs) Performance in the ChiNext Market

We study IPO underpricing and long-run performance of ChiNext, a newly-established Growth Enterprise Board in China. Using a sample of 281 ChiNext IPOs during October 2009 - December 2011, we find the initial average market adjusted abnormal return (MAAR) is 33.5%. The average 12-month buy-and-hold abnormal return (BHAR) is -45.7% for those IPOs listed prior to 2011. Although the average MAARs of ChiNext is significantly higher than IPOs listed on the Main Board, it is not significantly different from the Small and Medium Enterprise (SME) Board IPOs during the sample period. However, the ChiNext average BHARs are significantly lower than those on both the SME and Main Boards. Regression findings support the information asymmetry hypothesis (high uncertainty of ChiNext IPOs) and the behavioural theory (market sentiment) on underpricing for ChiNext IPOs, and we find that ChiNext IPO underperformance is consistent with the significant deterioration of their operating performance after listing and investors' speculative trading behaviour on these new issues.
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Date Range: 2013 - 2013

Funding Body: Massey University

Project Team:

Research Outputs

Teaching and Supervision

Courses Coordinated

Summary of Doctoral Supervision

Position Current Completed
Supervisor 2 3
Co-supervisor 1 2

Current Doctoral Supervision

Supervisor of:

  • Kaili Wu - Doctor of Philosophy
    Impression management of listed firms: Evidence from China
  • Lu Wang - Doctor of Philosophy
    Control privatization in China

Co-supervisor of:

  • Zixiong Sun - Doctor of Philosophy
    Essays in managerial corporate finance in Chinese market

Completed Doctoral Supervision

Supervisor of:

  • 2018 - Feng Xie - Doctor of Philosophy
    Ownership structure and firm risk: Evidence from China
  • 2016 - Qing Wang - Doctor of Philosophy
    Political Ties and Venture Capital: Evidence from China
  • 2012 - Jingjing Yang - Doctor of Philosophy
    The examination of the relationship between mutual funds' holdings and listed firms in China

Co-supervisor of:

  • 2015 - Yi Wei - Doctor of Philosophy
    Three essays on corporate fraud in Chinese listed companies
  • 2011 - Carolyn Wirth - Doctor of Philosophy
    Capital market implications of resource consent information in New Zealand listed company announcements

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