Welcome to Impact Factors!
Discover insights and influential research
from HKU Business School’s distinguished faculty.
Browse our collected articles for the latest academic research
and its implications across key areas of
business, economics, finance, and more.
Latest Research
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Advisor–Advisee Research Overlap and Its Implications for Scientists’ Early-Career Performance in the United States
This study offers a detailed examination of academic scientists to address long-standing questions central to the scholarship of mentorship in organizations. The researchers highlighted key…
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Navigating geopolitical risks: How U.S. firms adjust supply chains amid U.S.–China rivalry
The recent geopolitical rivalry—most notably between the U.S. and China—has fuelled a resurgence of geopolitical risks for firms. This is defined as disruptions driven by…
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The Determinants of ESG Ratings: Rater Ownership Matters
Third-party ESG ratings are used in investment practices as key metrics for evaluating corporate ESG performance. However, substantial disagreements in ESG ratings for the same…
Insight Articles
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The ‘Smartest’ AI Isn’t Necessarily the Best AI Trader
Recently, Interactive Brokers announced that users can now connect large language models like ChatGPT, Claude, and Grok directly to their investment accounts for market research,…
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When Images Are No Longer Proof: Trust and Markets in the AI Age
In the past, buying things online was a bit like going on a blind date. First, you check out the photos—mm, looking sharp. Then, you…
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SpaceX IPO: When the Story Outprices the Numbers
SpaceX’s landmark IPO filing — targeting a valuation of up to US$2 trillion — puts the eternal tension between narrative and numbers on full display.…
Beyond Tariffs: Rebalancing the U.S.-China Deficit through Strategic Capital Integration
The years-long US-China trade war has failed to shift the imbalanced macroeconomic structures of the two nations. Despite the continuous imposition of tariffs by the US since 2018, which escalated…
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Demographic Replacement and Narrative Shift Signal a Structural Recovery in Hong Kong’s Housing Market
Data from Hong Kong’s Land Registry shows an approximately 18% year-on-year surge in overall transaction volume of residential units in 2025, with the upward trend continuing into the first two…
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AI Sycophancy: When AI Starts to Flatter Us
In 2025, generative artificial intelligence (GenAI) giant Anthropic collaborated with AI safety evaluation company Andon Labs to conduct a groundbreaking experiment by letting Claude—its own large language model (LLM)—run a…
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HKD stablecoins boost mainland China’s cross-border finance
In April 2026, the Hong Kong Monetary Authority (HKMA) issued stablecoin licenses to HSBC and AnchorX, signaling the imminent breakthrough of Hong Kong Dollar (HKD) stablecoin issuance. This represents a…
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Pro-worker AI: Reshaping Work in the Wave of Automation
In recent years, some academics have actively advocated a “pro-worker” approach to AI development. Their core argument is not a rejection of technology or AI per se, but rather a…
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Hong Kong’s Institutional Edge in a Fragmented World
Under the ongoing geopolitical impact, the increasing importance placed by countries on security risks in recent years has caused the global economic and trade landscape to shift from integrated free…
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When Hospitals Post Wait Times: Relieving Overcrowding or Making Things Worse?
During the peak winter flu season, waiting times at Hong Kong’s public accident and emergency (A&E) departments frequently exceed four hours, with some districts even surpassing the eight-hour mark. In…
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When Tariff Barriers Land in Court—a US$100-Billion Lesson in Constitutional Law
On 20 February 2026, the US Supreme Court, in a 6–3 decision, issued a landmark ruling in Learning Resources, Inc. v. Trump: The President is not authorized under the International…
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In Pursuit of “Responsible Alpha”: Balancing GenAI Innovation and Financial Regulation
If, in the future, the AI agents of various funds in Central, Hong Kong can finish reading central bank statements, earnings call transcripts, and global news within the same second,…
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AI Shopping Agents: Reshaping the Power Dynamics of Mobile Internet
In late 2025, “AI shopping for you” began shifting from concept to reality. AI shopping agents started taking over tasks like searching, comparing prices, and completing purchases. As these agents…
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One Year on: a Review of Trump’s Reciprocal Tariffs
Tomorrow marks the first anniversary of the reciprocal tariff war initiated by Donald Trump against the world. On 2 April 2025, he swaggeringly announced in the White House Rose Garden…
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The One-Person Company in the Age of AI: Opportunity, Commoditisation, and the Moat
2025 has been dubbed the “Year of the AI Agent” by the industry. AI is evolving from a mere supportive tool into an autonomous “Virtual Partner.” Tasks that previously required…
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