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Associate Professor George Wu

Associate Professor

Doctoral Supervisor
School of Economics and Finance

Dr Ji (George) Wu is an Associate Professor in Finance at the School of Economics and Finance, Massey University (Albany). George received his PhD in Finance from Lincoln University, New Zealand in 2012. Before joining Massey University, as an Assistant Prof. in Finance, George taught and researched in Institute for Financial & Accounting Studies, Xiamen University, from Oct. 2012 to Feb. 2017.

George’s research interesting focuses on Financial Anomalies, Empirical Asset Pricing, China Capital Markets, Economic Policy Uncertainty, and Corporate Social Responsibilities. George’s research has been widely published in international refereed journals, such as Journal of Banking & Finance, Journal of Business Ethics, Accounting & Finance, Pacific-Basin Finance Journal, Journal of International Financial Markets, Institutions, and Money, Finance Research Letters, Economic Modelling, Applied Economics, International Review of Financial Analysis, International Review of Economics and Finance, International Review of Finance, Emerging market Finance & Trade, Applied Financial Economics and among others.

An update of my CV (Updated June 2023)

Ji (George) Wu is an Associate Professor in Finance at the School of Economics and Finance, Massey University (Albany). George received his PhD in Finance from Lincoln University, New Zealand, in 2012. George’s research interesting focuses on Financial Anomalies, Empirical Asset Pricing, China Capital Markets, Economic Policy Uncertainty, Corporate Social Responsibilities, and other corporate finance issues.

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Professional

Contact details

  • Ph: 09 212 7089 (Internal Extention 49089)
    Location: 2.39, QB
    Campus: Albany

Certifications and Registrations

  • Licence, Supervisor, Massey University

Prizes and Awards

  • Highly Commended - Pandemic Organisational Communication Research Group Winners - Chinese Financial Research – Hamish, George, Liping, Jing L, Jing C, Maggie, Martin Y - Highly Commended - Pandemic Organisational Communication Research Group (2021)
  • To win the MSA MBS Research Excellence Award. The paper entitled “With trust we innovate: Evidence from Corporate R&D expenditure” in Technological Forecasting and Social Change qualifies as a Tier B publication. The award comes with a financial component of $3,500 which you can either use as research funds for 2023. - MSA Charitable Trust MBS Research Award (2023)
  • Best Paper award from Pacific Accounting Review Special Issue Conference - Ever-changing markets in China - Pacific Accounting Review Special Issue Conference - Ever-changing markets in China Committe (2022)
  • Excellence in Engaged Teaching – True Massey Business School “STAR" - Massey Business School (2020)
  • Nominated for 2019 Lecturer of the Year Award - Massey University (2019) - Albany Students' Association Inc (2019)
  • Nominated for 2018 Lecturer of the Year Award - Massey University (2018) - Albany Students' Association Inc (2018)
  • Nominated for 2017 Lecturer of the Year Award - Massey University (2017) - Albany Students' Association Inc (2017)
  • Best Research Report - China Future Association (2014)
  • To be awarded by the “China Construction Banks” Best Teaching Award by Xiamen University in 2014. - Xiamen University (2012)
  • Chinese Government Award for Outstanding Self-financed Students Abroad (600 Chinese students be awarded from all of the oversea Chinese students) - China Scholarship Council (2011)
  • Highly Commended Award by International Journal of Accounting and Information Management - Emerald Publishing Group (2009)
  • Best Paper Award by the 1st International Conference of Accounting, Business, Leadership and Information Management - the 1st International Conference of Accounting, Business, Leadership and Information Management (2009)
  • Summer Research Scholarship - Faculty of Commerce, Dept. Accounting, Economics and Finance, Lincoln University (2009)

Research Expertise

Research Interests

  1. Financial Anomalies
  2. Empirical Asset Pricing 
  3. Corporate Social Responsibility
  4. Economic Policy Uncertainty
  5. Corporate innovation
  6. Other Corporate Finance Issues
  7. Finance history

Thematics

Design – for Commerce, Community and Culture

Area of Expertise

Field of research codes
Banking, Finance and Investment (150200): Banking, Finance and Investment not elsewhere classified (150299): Business and Management (150300): Commerce, Management, Tourism And Services (150000): Corporate Governance and Stakeholder Engagement (150303): Finance (150201): Investment and Risk Management (150205)

Keywords

  1. Financial Anomalies
  2. Lottery-like Stocks and Investors' Gambling Behaviour
  3. Behavioural Finance
  4. Corporate Social Responsibility
  5. Economic Policy Uncertainty
  6. China Capital Markets

Research Projects

Summary of Research Projects

Position Current Completed
Project Leader 1 2

Research Outputs

Journal

Qi, X-G., Wu, J., Zhao, L., Wang, L., Guang, X., Garber, PA., . . . Li, B. (2023). Adaptations to a cold climate promoted social evolution in Asian colobine primates.. Science. 380(6648), eabl8621
[Journal article]Authored by: Wu, J.
Wang, L., Zou, L., & Wu, J. (2023). Stock Price Crashes in China: An Artificial Neural Network Approach. Pacific Accounting Review.
[Journal article]Authored by: Wu, J., Zou, L.
Cao, S., Wu, J., Wang, C., Fang, Z., & Cui, X. (2023). Academic Independent Director Abnormal Resignations and R&D Investment: Evidence from China. Emerging Markets Finance and Trade. 59(1), 238-264
[Journal article]Authored by: Wu, J.
He, F., Yan, Y., Hao, J., & Wu, J. (2022). Retail investor attention and corporate green innovation: Evidence from China. Energy Economics. 115
[Journal article]Authored by: Wu, J.
Tang, Y., Ho, K-C., Wu, J., Zou, L., & Yao, S. (2022). Directors and Officers Liability Insurance and Maturity Mismatch: Evidence from China. Applied Economics.
[Journal article]Authored by: Wu, J., Zou, L.
Yao, S., Qin, Y., Cheng, F., Wu, J., & Goodell, JW. (2022). Missing momentum in China: Considering individual investor preference. Finance Research Letters. 49
[Journal article]Authored by: Wu, J.
Su, K., Wu, J., & Lu, Y. (2022). With trust we innovate: Evidence from corporate R&D expenditure. Technological Forecasting and Social Change. 182
[Journal article]Authored by: Wu, J.
He, F., Qin, S., Liu, Y., & Wu, J. (2022). CSR and idiosyncratic risk: Evidence from ESG information disclosure. Finance Research Letters. 49
[Journal article]Authored by: Wu, J.
Zhao, W., Cui, X., Wang, C., Wu, J., & He, F. (2022). Couple-based leadership and default risk: Evidence from China. International Review of Economics and Finance. 80, 439-463
[Journal article]Authored by: Wu, J.
Yuan, T., Wu, J., Qin, N., & Xu, J. (2022). Being nice to stakeholders: The effect of economic policy uncertainty on corporate social responsibility. Economic Modelling. 108
[Journal article]Authored by: Wu, J.
Cheng, F., Wang, C., Cui, X., Wu, J., & He, F. (2021). Economic policy uncertainty exposure and stock price bubbles: Evidence from China. International Review of Financial Analysis. 78
[Journal article]Authored by: Wu, J.
Wang, W., Wang, H., & Wu, J. (2021). Mixed ownership reform and corporate tax avoidance: Evidence of Chinese listed firms. Pacific Basin Finance Journal. 69
[Journal article]Authored by: Wu, J.
Zou, L., De Bruin, A., Wu, J., & Yuan, Y. (2021). Art for art’s sake? An exploration of the Chinese art market. Applied Economics. 53(47), 5429-5447
[Journal article]Authored by: Wu, J., Zou, L.
Su, K., Kong, D., & Wu, J. (2021). Can economic policy uncertainty reduce a firm's trade credit?. International Review of Finance. 21(3), 1089-1099
[Journal article]Authored by: Wu, J.
Nartea, GV., Bai, H., & Wu, J. (2020). Investor sentiment and the economic policy uncertainty premium. Pacific-Basin Finance Journal. 64, Retrieved from https://www.sciencedirect.com/science/article/pii/S0927538X20300834
[Journal article]Authored by: Wu, J.
Li, M., Wu, J., Zhang, L., & Zou, L. (2020). Board reforms and the cost of equity: International evidence. Accounting and Finance. 60(5), 4497-4531 Retrieved from https://onlinelibrary.wiley.com/doi/10.1111/acfi.12654
[Journal article]Authored by: Wu, J., Zou, L.
Wu, J., Zhang, J., Zhang, S., & Zou, L. (2020). The economic policy uncertainty and firm investment in Australia. Applied Economics. 52(31), 3354-3378
[Journal article]Authored by: Wu, J., Zou, L.
Wu, J., Zhang, J., Wu, Y., & Kong, D. (2020). When to go abroad: economic policy uncertainty and Chinese firms’ overseas investment. Accounting and Finance. 60(2), 1435-1470
[Journal article]Authored by: Wu, J.
Wu, J., Chimezie, EP., Nartea, GV., & Zhang, J. (2019). Extreme returns and the idiosyncratic volatility puzzle: African evidence. Applied Economics. 51(58), 6264-6279
[Journal article]Authored by: Wu, J.
Ge, Y., Wu, J., Zhang, J., & Zou, L. (2019). The role of Chinese economic variables on Australian and New Zealand equity returns. Accounting and Finance. 59(5), 3053-3103
[Journal article]Authored by: Wu, J., Zou, L.
Zhang, J., Kong, D., Liu, H., & Wu, J. (2019). Asset pricing with time varying pessimism and rare disasters. International Review of Economics and Finance. 60, 165-175
[Journal article]Authored by: Wu, J.
Liu, Z., Nartea, GV., & Wu, J. (2018). Patterns and pricing of idiosyncratic volatility in French stock market. Theoretical Economics Letters. 8(1), 79-97 Retrieved from https://www.scirp.org/journal/paperinformation.aspx?paperid=82056
[Journal article]Authored by: Wu, J.
Gan, C., Nartea, GV., & Wu, J. (2017). Predictive ability of low-frequency volatility measures: Evidence from the Hong Kong stock markets. Finance Research Letters. In Press Retrieved from https://www.sciencedirect.com/science/article/pii/S154461231730346X
[Journal article]Authored by: Wu, J.
Fang, KN., Wu, J., & Nguyen, C. (2015). The Risk-Return Trade-Off in a Liberalized Emerging Stock Market: Evidence from Vietnam. Emerging Markets Finance and Trade. 53(4), 746-763
[Journal article]Authored by: Wu, J.
Nartea, GV., Kong, D., & Wu, J. (2017). Do extreme returns matter in emerging markets? Evidence from the Chinese stock market. Journal of Banking and Finance. 76, 189-197
[Journal article]Authored by: Wu, J.
Zhang, J., Kong, D., & Wu, J. (2018). Doing Good Business by Hiring Directors with Foreign Experience. Journal of Business Ethics. 153(3), 859-876
[Journal article]Authored by: Wu, J.
Zhang, CY., Zhang, YY., & Wu, J. (2014). Does housing price fluctuation impact the household income distributions: A perspective from the families' asset structure. Journal of Financial Research (Chinese Version). 414(12), 86-101 Retrieved from http://dspace.xmu.edu.cn/bitstream/handle/2288/98551/%E6%88%BF%E4%BB%B7%E6%B3%A2%E5%8A%A8%E5%AD%98%E5%9C%A8%E6%94%B6%E5%85%A5%E5%88%86%E9%85%8D%E6%95%88%E5%BA%94%E5%90%97%E2%80%94%E2%80%94%E4%B8%80%E4%B8%AA%E5%AE%B6%E5%BA%AD%E8%B5%84%E4%BA%A7%E7%BB%93%E6%9E%84%E7%9A%84%E8%A7%86%E8%A7%92....pdf?sequence=1&isAllowed=y
[Journal article]Authored by: Wu, J.
Nartea, GV., Wu, J., & Liu, HT. (2014). Extreme returns in emerging stock markets: Evidence of a MAX effect in South Korea. Applied Financial Economics. 24(6), 425-435
[Journal article]Authored by: Wu, J.
Nartea, GV., & Wu, J. (2013). Is there a volatility effect in the Hong Kong stock market?. Pacific Basin Finance Journal. 25, 119-135
[Journal article]Authored by: Wu, J.
Nartea, GV., Wu, J., & Liu, Z. (2013). Does idiosyncratic volatility matter in emerging markets? Evidence from China. Journal of International Financial Markets, Institutions and Money. 27(1), 137-160
[Journal article]Authored by: Wu, J.
Wu, J., Hao, Q., & Yao, MYM. (2009). Rankings of academic journals in accounting, finance, and information system: Perception from the college chairpersons. International Journal of Accounting & Information Management. 17(1), 66-105
[Journal article]Authored by: Wu, J.
Nartea, GV., Gan, C., & Wu, J. (2008). Persistence of size and value premia and the robustness of the Fama-French three-factor model in the Hong Kong stock market. Investment Management and Financial Innovations. 5(4), 39-49
[Journal article]Authored by: Wu, J.

Conference

Wu, J., Zou, L., Kong, D., & Ding, D.(2023). Do CSR Engagements Mitigate the Labour Frictions Risk?. Paper presented at the meeting of The 2023 AFAANZ Conference
[Conference Paper]Authored by: Wu, J., Zou, L.
Wu, J., Zou, L., Kong, D., & Ding, D.(2023). Do CSR Engagements Mitigate the Labour Frictions Risk?. Paper presented at the meeting of The Asian Finance Association Annual Conference 2023
[Conference Paper]Authored by: Wu, J., Zou, L.
Wu, J., Zou, L., Ding, D., & Kong, D.(2023). Do CSR Engagements Mitigate the Labour Frictions Risk?. Paper presented at the meeting of The 27th New Zealand Finance Colloquium 2023
[Conference Paper]Authored by: Wu, J., Zou, L.
Wang, L., Zou, L., & Wu, J.(2023). Stock price crashes in China: an artificial neural network approach. Paper presented at the meeting of Pacific Accounting Review
[Conference Paper]Authored by: Wu, J., Zou, L.
Tang, Y., Ho, KC., Zou, L., Wu, J., & Yao, S.Directors and Officers Liability Insurance and Maturity Mismatch: Evidence from China. . the University of Canterbury, Christchurch
[Conference Paper]Authored by: Wu, J., Zou, L.
Tang, Y., Ho, KC., Wu, J., Zou, L., & Yao, S.(2022). Directors and officers liability insurance and maturity mismatch: evidence from China. Paper presented at the meeting of Applied Economics
[Conference Paper]Authored by: Wu, J., Zou, L.
Cheng, F., Yao, S., Qin, YY., Wu, J., & Wang, C.Individual Investors’ Preference and Missing Momentum: Evidence from China. . Nanchang, China
[Conference Paper]Authored by: Wu, J.
Zhao, W., Wu, J., Wang, C., & Cui, X.Marital Leadership and Default Risk: Evidence from China. . Sichuan University, China
[Conference Paper]Authored by: Wu, J.
Su, K., Lu, S., & Wu, J.Can Social Trust Promote Corporate R&D Expenditure? Evidence from China. . Sichuan University, China
[Conference Paper]Authored by: Wu, J.
Cao, SP., Wang, CF., Wu, J., Fang, ZM., & Cui, X.Academic Independent Director Resignations and Corporate R&D Investment: Evidence from China. . Sichuan University, China
[Conference Paper]Authored by: Wu, J.
Cao, S., Wang, CF., Wu, J., Fang, ZM., & Cui, X.Academic Independent Director Resignations and Corporate R&D Investment: Evidence from China. . Tauranga, New Zealand
[Conference Paper]Authored by: Wu, J.
Zou, L., de Bruin, A., Wu, J., & Yuan, Y.Art for art’s sake? An exploration of the Chinese art market. . a virtual conference
[Conference Paper]Authored by: Wu, J., Zou, L.
Nartea, G., Bai, H., & Wu, J.Investor sentiment and the economic policy uncertainty premium. . Auckland
[Conference Paper]Authored by: Wu, J.
Li, M., Wu, J., Zhang, L., & Zou, L.(2020). Board reforms and the cost of equity: International evidence. Paper presented at the meeting of Accounting and Finance
[Conference Paper]Authored by: Wu, J., Zou, L.
Nartea, G., Bai, H., & Wu, J.INVESTOR SENTIMENT AND THE ECONOMIC POLICY UNCERTAINTY PREMIUM. . Auckland
[Conference Paper]Authored by: Wu, J.
Wu, J., Zhang, S., & Zou, L.(2019). What Promotes Corporate Investment? Evidence from Australia. . The University of Economics Ho Chi Minh City, Vietnam
[Conference Paper]Authored by: Wu, J., Zou, L.
Wu, J., Zhang, S., & Zou, L.(2019). What Promote Investment? Evidence from Australia. . Lincoln, New Zealand
[Conference Paper]Authored by: Wu, J., Zou, L.
Wu, J., Kong, D., Wu, Y., & Zhang, J.(2018). Don't Go Abroad: The Economic Policy Uncertainty and Chinese Firms Overseas Investment. . Queenstown
[Conference Paper]Authored by: Wu, J.
Zhang, J., Kong, DM., Qin, N., & Wu, J.Be Nice to Stakeholders: The Effect of Economic Policy Uncertainty on Corporate Social Responsibility. . Tokyo, Japan
[Conference Paper]Authored by: Wu, J.
Villapol, M., Wu, J., Liu, W., Gutierrez, JA., Chiaraviglio, L., Sathiaseelan, A., . . . Gregory, MA.(2017). Connecting the unconnected 10% of New Zealanders by 2025: Is a MahiTahi approach possible?. Paper presented at the meeting of 2017 27th International Telecommunication Networks and Applications Conference, ITNAC 2017
[Conference Paper]Authored by: Wu, J.
Zhang, J., Kong, DM., & Wu, J.Waiting for certainty: Effects of the economic policy uncertainty on firm's CSR investment. . Queenstown, New Zealand
[Conference Paper]Authored by: Wu, J.
Gan, C., Nartea, GV., & Wu, JG.(2018). Predictive ability of low-frequency volatility measures: Evidence from the Hong Kong stock markets. Paper presented at the meeting of Finance Research Letters
[Conference Paper]Authored by: Wu, J.
Zhang, J., Kong, DM., & Wu, J.Being good by hiring directors with foreign experiences. . Auckland, New Zealand
[Conference Paper]Authored by: Wu, J.
Nartea, GV., Kong, DM., & Wu, J.Do extreme returns matter in emerging markets? Evidence from the Chinese stock market. . Sydney, Australia
[Conference Paper]Authored by: Wu, J.
Liu, ZT., Wu, J., Hu, J., & Nartea, GV.Patterns and pricing of idiosyncratic volatility: Evidence from the French stock market. . Auckland, New Zealand
[Conference Paper]Authored by: Wu, J.
Nartea, GV., & Wu, J.Do extreme returns matter in emerging markets? Evidence from the Chinese stock market. . Bali, Indonesia
[Conference Paper]Authored by: Wu, J.
Wu, J., & Nartea, GV.Do extreme returns matter in emerging markets? Evidence from the Chinese stock market. . Auckland, New Zealand
[Conference Paper]Authored by: Wu, J.
Nartea, GV., & Wu, J.Is there a volatility puzzle in the Hong Kong stock market. . Nanchang, China
[Conference Paper]Authored by: Wu, J.
Nartea, GV., Wu, J., & Yao, LJ.Idiosyncratic volatility and cross-sectional returns in the chinese stock market. . Shanghai, China
[Conference Paper]Authored by: Wu, J.
Nartea, GV., Gan, C., & Wu, J.The volatility effect in the Hong Kong stock market. . Christchurch, New Zealand
[Conference Paper]Authored by: Wu, J.
Nartea, GV., Wu, J., & Liu, HT.Is there a MAX Effect in the Korean Stock Market?. . Langkawi, Malaysia
[Conference Paper]Authored by: Wu, J.
Nartea, GV., Gan, C., & Wu, J.The Investigation of the Idiosyncratic Volatility: Evidence from the Hong Kong Stock Market. . Taipei, Taiwan
[Conference Paper]Authored by: Wu, J.
Nartea, GV., & Wu, J.Time Series Behavioral and Pricing of Idiosyncratic Volatility: Evidence from the Chinese Stock Market. . Beijing, China
[Conference Paper]Authored by: Wu, J.
Wu, J., Hao, Q., & Yao, M.Rankings of Academic Journals in Accounting, Finance and Information System: Perception from the College Chairpersons. . Beijing, China
[Conference Paper]Authored by: Wu, J.
Nartea, GV., Gan, C., & Wu, J.Persistence of Size and Value Premia and the Robustness of the Fama-French Three Factor Model: Evidence from Hong Kong. . Cesme, Izmir, Turkey
[Conference Paper]Authored by: Wu, J.
Nartea, GV., Gan, C., & Wu, J.Persistence of Size and Value Premia and the Robustness of the Fama-French Three Factor Model: Evidence from Hong Kong. . Ho Chi Minh City, Vietnam
[Conference Paper]Authored by: Wu, J.

Thesis

Wu, J. (2012). Stock volatility and asset pricing in the Hong Kong stock market. (Doctoral Thesis, Lincoln University, New Zealand)
[Doctoral Thesis]Authored by: Wu, J.

Consultancy and Languages

Languages

  • English
    Last used: Currently
    Spoken ability: Excellent
    Written ability: Excellent
  • Chinese
    Last used: Currently
    Spoken ability: Excellent
    Written ability: Excellent

Teaching and Supervision

Teaching Statement

Course Teaching at Massey University

  • Undergraduate Courses
  1. 125.364 Bank Financial Management (2018 - 2023)
  2. 125.230 Business Finance (2018 - 2023)
  3. 115.114 Finance Fundamentals (2017) 
  4. 125.250 Financial Modelling (2017) 
  • Postgraduate Courses
  1. 125.803 Corporate Finance (MPAF, 2019 - 2023)
  2. 125.804 Financial Asset Management  (MPAF, 2021)

Past Teaching Experience

  • Postgraduate Courses 
  1. Financial Derivatives (2012)
  2. Financial Markets (2013-2016)
  3. Portfolio Management (2014-2016)
  4. Research Method (2013-2014)
  • Undergraduate Courses
  1. Financial Markets (2016)

Summary of Doctoral Supervision

Position Current Completed
Co-supervisor 2 0

Current Doctoral Supervision

Co-supervisor of:

  • Hengyu Bai - Doctor of Philosophy
    Labour Market Friction Effect on Stock Performance in the Global Market
  • Yue Yuan - Doctor of Philosophy
    Essays on Investment in the Chinese art market

Media and Links

Media

  • 25 May 2023 - Online
    The flagship event of the Masters and Expos
    The master and doctor conference carries the original intention of the series of "dialogue with new and old scientists" in the past. This year, we expanded and renamed the series of "Manhua Research R
  • 08 Feb 2018 - Online
    Earthquake prone buildings to be identified in Tim
    Interviewed by Stuff.co.nz
  • 05 Feb 2022 - Online
    The Covid-driven boom in group-buying among Asian
    Dr George Wu’s opinions appeared in the Stuff, and the article is entitled “The Covid-driven boom in group-buying among Asian communities”. George Wu, an Auckland-based expert on China capital market

Other Links