Dr Jing-Ming (Thomas) Kuo

Dr Jing-Ming (Thomas) Kuo

The Department of Finance
Associate Professor in Finance

Contact details

Address
Birmingham Business School
University House
Edgbaston
Birmingham
B15 2TY

Jing-Ming joined Birmingham Business School in July 2016. Before joining the University of Birmingham, he was an Associate Professor in Finance at Southampton Business School and a Lecturer at Durham University Business School. He has taught several different modules at both UG and PG levels and served as seminar organizer, MSc Finance Programme Director, Director of Postgraduate Programmes, and Director of Education… during the last few years. Before undertaking his MSc and PhD, he gained many years' work experience in a market research centre and in a commercial bank.

Qualifications

  • Bachelor of Business Administration (B.B.A) in Statistics;
  • MSc in Finance;
  • Ph.D. in Finance

Biography

Jing-Ming joined Birmingham Business School in July 2016. Before joining the University of Birmingham, Jing-Ming was an Associate Professor in Finance at Southampton Business School and a Lecturer at Durham University Business School.

He has taught several different modules at both UG and PG levels, including MSc Quantitative Finance, MSc Quantitative Research Methods for Finance, MSc Management of Financial Risk, MSc Behavioural Finance and Economics, MA Financial Management, MSc Financial Modelling and Business Forecasting, UG Corporate Finance, UG Quantitative Methods in Finance, UG Futures and Options, UG International Corporate Governance and MSc Ethics, Governance and Regulations in Treasury.  

He also served as seminar organizer, Senior Academic Tutor, MSc Finance Programme Director, Director of Postgraduate Programmes, Director of Education, and Deputy Director of the Research Center of Behavioural Economics and Finance during the last few years. Before undertaking his MSc and PhD, he gained many years' work experience in a market research centre and in a commercial bank.

Teaching

MSc Ethics, Governance and Regulations in Treasury

Postgraduate supervision

  • Corporate Finance
  • Corporate Governance (and Corporate Social Responsibility)
  • Financial Markets
  • Asset Pricing
  • Behavioural Finance
  • Applied Financial Economics
  • Mergers & Acquisitions
  • Environmental Finance

Research

Jing-Ming's research interests lie in Corporate Finance, Corporate Governance, Behavioural Finance, Asset Pricing, Investment, Derivatives Markets, Applied Financial Econometrics, Mergers & Acquisitions, Corporate Social Responsibility and Environmental Finance.

His research investigates corporate finance and corporate governance issues, factors resulting in abnormal returns and special phenomena and trading activities in stock and derivatives markets, Applied Financial Econometrics, and Mergers & Acquisitions. Additional areas of research include financial modelling for stocks and derivatives, and issues in earnings management and M&As activities etc.

Jing-Ming has regularly presented working papers and served as a chair or discussant at international conferences such as the Financial Management Association (FMA) annual meeting, the European Financial Management Association (EFMA) annual meeting, the American Accounting Association (AAA), the British Accounting & Finance Association (BAFA) annual conference, and the World Finance Conference. He has also acted as a referee for several academic journals or associations and obtained several internal and external research grants in related research areas. He already has got sixteen PhD completions and many of his PhD students have gone on to gain lectureships in other UK universities or positions in research institutions/trading companies.

Other activities

Conferences

  • Financial Management Association (FMA) 2023 Annual Meeting, Sheraton Grand Chicago Riverwalk Hotel, Chicago, Illinois, 11 - 14 October, 2023.  
  • The 27th Annual Virtual Conference of Multinational Finance Society, 28 -29, 2020.
  • Financial Management Association (FMA) 2019 Annual Meeting, Sheraton New Orleans Hotel, New Orleans, LA, 23 - 26 October, 2019.
  • The British Accounting and Finance Association (BAFA) Annual Conference, University of Birmingham, Birmingham, UK, 9 - 10 April, 2019.
  • The British Accounting and Finance Association (BAFA) Annual Conference, University of Birmingham, Birmingham, UK, 9 - 10 April, 2019.
  • Financial Management Association (FMA) 2017 Annual Meeting, the Marriott Copley Place Hotel, Boston, Massachusetts, 11 - 14 October, 2017. 
  • American Accounting Association (AAA) 2017 Annual Meeting, San Diego, CA, August 5-9, 2017.
  • European Financial Management Association (EFMA) 2017 Annual Meetings, The American College of Greece, Athens, GREECE, June 28- July 1, 2017.
  • 24th Annual Conference of the Multinational Finance Society, InterContinental Hotel, Bucharest, Romania, June 25-28, 2017.
  • The 40th Annual Congress of the European Accounting Association (EAA), Valencia, 10-12 May, 2017.
  • “Is Liquidity the Trigger for Stock Returns? A Double Take and the Role of Risk Aversion”, 19-22 October 2016: Annual Meeting of the Financial Management Association (FMA) International, Rio Suites Hotel, Las Vegas, Nevada, USA.​
  • “Is Liquidity the Trigger for Stock Returns? A Double Take and the Role of Risk Aversion”, 29 June - 2nd July 2016: The European Financial Management Association (EFMA) Annual Meeting, University of Basel, Basel, Switzerland.​
  • “Board Governance, Efficiency and Risk-taking in the Chinese Banking”, 8 - 9 December 2015, Conference on Contemporary Issues in Banking, School of Management, University of St Andrews, UK.​
  • “Board Governance, Efficiency and Risk-taking: The Case of the Chinese Banking Sector”, 24-27 June 2015: The European Financial Management Association (EFMA) Annual Meeting, Amsterdam, Netherlands.
  • “Is Liquidity the Trigger for Stock Returns? A Double Take and the Role of Risk Aversion”, 8-9 June 2015: The 13th INFINITI Conference on International Finance, University of Ljubljana, Slovenia.
  • “Board Governance, Efficiency and Risk-taking: The Case of the Chinese Banking Sector”, 23-25 March 2015: The British Accounting and Finance Association (BAFA) Annual Conference, University Place, Manchester.  
  • “Tunneling and the impact of mutual fund ownership”, May 2014: Research Seminar, Xfi Centre for Finance and Investment, University of Exeter Business School, UK.
  • “Board Governance and Bank Efficiency: The Case of the Chinese Banking Sector”, 2-3 November 2013: Conference on “Banking, Finance, Money and Institutions: The Post Crisis Era”, University of Surrey, UK.
  • "Does analyst coverage affect share price informativeness of Chinese listed firms?", 4-5 July 2013: the 21st Pacific Basin Finance Accounting Economics and Management (PBFEAM) conference, Park Hyatt Melbourne, Australia.
  • “Market efficiency, information flows and hedging performance in carbon markets”, 1-3 July 2013: IV World Finance Conference: the Amathus Beach Hotel Limassol, Cyprus. 
  • “Feedback trading and convenience yield: Evidence from carbon and energy commodity markets”, 5th December 2012, School of Management, University of Leicester.
  • “The Effects of Corporate Governance on Shareholder Value Creation during the Internationalization of Emerging Market Firms”, 30 Jun -3 July 2012: Academy of International Business (AIB) 2012 Annual Meeting, Washington, DC, USA.
  • “Why dividends disappear in the UK market - Catering, liquidity or risks?”, the 21st European Financial Management Association (EFMA) Annual Meeting, 27-30 June 2012, Barcelona, Spain. 
  • “Market efficiency, information flows and hedging performance in carbon markets”, 5th CSDA International Conference on Computational and Financial Econometrics, 17-19 December 2011, London, UK.
  • “Pre-merger issuance and post-merger shareholder value”, 2nd World Finance Conference, 15-17 June 2011, Rhodes, Greece.
  • “The School’s Out Effect in the East Asian Stock Markets”, the European Financial Management Asian Financial Management Symposium, 24-26 March 2011, Renmin University of China, Beijing, China.
  • “The impact of state ownership on share price informativeness: the case of the split share structure reform in China”, the 19th European Financial Management Association (EFMA) Annual Meetings, 23-26 June 2010, Aarhus, Denmark.
  • “Negative Sentiment and Regret Theory – the Lunar Moon Festival Effect”, the 17th European Financial Management Association (EFMA) Annual Meetings, 25-28 June 2008, Athens, Greece.
  • “Pricing Interest Rate Options”, 2nd International Workshop on Computational and Financial Econometrics (CFE'08) , 19-21 June 2008, Neuchâtel, Switzerland.
  • “Pricing Interest Rate Options”, the 12th Annual European Conference of the Financial Management Association International (FMA), 4-6 June 2008, Prague, Czech Republic.
  • “The School’s Out Effect in the East Asian Stock Markets”, the 16th European Financial Management Association (EFMA) Annual Meetings, 27-30 June 2007, Vienna, Austria.

Awarded external research grants

  • The irrational M&As decisions, £31,800, with L. Fu (2019).
  • New Perspectives on the Performance of Chinese IPOs, £58,000, with Z. Shen (2015).
  • Merger and acquisitions in China, £33,000, with L. Fu (2012).
  • Corporate governance, £65,000 (£35,000), with Y. H. Yeh (2012).

Awarded external research grants

  • Sotck information and corporate governance, £10,800, Southampton Business School, Faculty of Business and Law (2014).
  • FDI and corporate governance, £2,000, Durham University Business School (2012).
  • Liquidity in the stock markets, £700, Durham University Business School (2011).

Journal and Book Refereeing

  • Journal of Banking and Finance
  • Journal of International Money and Finance
  • European Financial Management
  • Journal of Financial Research
  • British Journal of Management
  • Abacus
  • European Journal of Finance
  • British Accounting Review
  • International Review of Financial Analysis
  • International Journal of Finance and Economics
  • International Business Review
  • Business, Strategy and the Environment
  • Business & Society
  • Multinational Finance Journal
  • Finance Research Letters
  • Journal of Accounting in Emerging Economies
  • Journal of Multinational Financial Management
  • Applied Financial Economics
  • Applied Economics
  • Emerging Markets Finance and Trade
  • Journal of General Management
  • Economics Bulletin
  • Journal of Socio-Economics
  • Bulletin of Economic Research
  • International Journal of Behavioural Accounting and Finance
  • International Journal of Banking, Accounting and Finance (IJBAAF)
  • Pearson Education Publishers
  • Midwest Finance Association

Publications

Nicholas F. Carline, Yang Gao and Jing-Ming Kuo, Stock Price Crash Risk and the Market for Corporate Control, British Journal of Management, 2023, forthcoming.

Huan Bian, Hui Pan, Jing-Ming Kuo and Zhuang Zhang, The Role of Managerial Ownership in Dividend Tunneling: Evidence from China, Corporate Governance: An International Review, 2023, 31 (2): 307-333.

Zhuang Zhang, Amon Chizema, Jing-Ming Kuo and Qingjing Zhang, Managerial Risk-Reducing Incentives and Social and Exchange Capital, The British Accounting Review, 2022, 54(6): 101056.

Qingjing Zhang, Taufiq Choudhry, Jing-Ming Kuo and Xiaoquan Liu, Does liquidity drive stock market returns? The role of variance risk premium, Review of Quantitative Finance and Accounting, 2021, 57: 929 – 958.

Amon Chizema, Wei Jiang, Jing-Ming Kuo and Song Xiaoqi, Mutual Funds, Tunneling and Firm Performance: Evidence from China, Review of Quantitative Finance and Accounting, 2020, 55: 355–387.

Rong Ding, Wenxuan Hou, Jing-Ming Kuo and Edward Lee (2018), Regional Institutions, Financial Analysts and Stock Price Informativeness, Regional Studies, 52 (9): 1261-1270. 

Yizhe Dong, Claudia Girardone and Jing-Ming Kuo (2017), Board Governance, Efficiency and Risk-taking in Chinese Banking., The British Accounting Review, 49 (2): 211-229.

Frankie, Chau, Kuo, Jing-Ming and Shi, Yukun (2015). Arbitrage Opportunities and Feedback Trading in Emissions and Energy Markets, Journal of International Financial Markets, Institutions & Money, 36: 130-147 (doi:10.1016/j.intfin.2015.02.002).

Liu, Xiaoquan, Kuo, Jing-Ming and Coakley, Jerry (2015). A pricing kernel approach to valuing options on interest rate futures, European Journal of Finance, 21: 93-110. (doi:10.1080/1351847X.2013.779289).

Kuo, Jing-Ming, Ning, Lutao and Song, Xiaoqi (2014). The Real and Accrual-based Earnings Management Behaviors: Evidence from the Split Share Structure Reform in China, International Journal of Accounting, 49: 101-136. (doi:10.1016/j.intacc.2014.01.001)

Ning, Lutao, Kuo, Jing-Ming, Strange, Roger and Wang, Boya (2014). International Investors' Reactions to Cross-border Acquisitions by Emerging Market multinationals, International Business Review, 23: 811-823. (doi:10.1016/j.ibusrev.2013.12.003)

Kuo, Jing-Ming, Philip, Dennis and Zhang, Qingjing (2013). What drives the disappearing dividends phenomenon?, Journal of Banking and Finance, 37(9), pp. 3499-3514. (doi:10.1016/j.jbankfin.2013.05.003).

Ding, Rong, Hou, Wenxuan, Kuo, Jing-Ming and Lee, Edward (2013). Fund Ownership and Stock Price Informativeness of Chinese Listed Firms, Journal of Multinational Financial Management, 23(3): 166-185 (doi:10.1016/j.mulfin.2013.03.003). 

Hou, Wenxuan, Kuo, Jing-Ming and Lee, Edward (2012). The impact of state ownership on share price informativeness: the case of the split share structure reform in China, British Accounting Review, 44(4) 248-261. (doi:10.1016/j.bar.2012.09.003).

Coakley, Jerry, Kuo, Jing-Ming and Wood, Andrew (2012). The school’s out effect: A new seasonal anomaly, British Accounting Review, 44(3): 133-143. (doi:10.1016/j.bar.2012.07.003).

Kuo, Jing-Ming, Coakley, Jerry and Wood, Andrew (2010).The Lunar Moon Festival and the dark side of the moon, Applied Financial Economics, 20(20), pp.1565-1575. (doi:10.1080/09603107.2010.507172).

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