Chun-keung Hoi Headshot

Chun-keung Hoi

Professor

Department of Finance and Accounting
Saunders College of Business
ckhoi@saunders.rit.edu
585-475-2718
Office Location
LOW-A323

Chun-keung Hoi

Professor

Department of Finance and Accounting
Saunders College of Business

Education

BA, MS, North Texas State University; Ph.D., Arizona State University

Bio

Hoi, Chun-Keung is a professor of finance in the Saunders College of Business., His colleagues and students call him Stan., , His current research interests include tax avoidance, social capital, social, responsibility, and corporate governance. He has published in leading academic, journals across business disciplines including finance, accounting, and, management such as Journal of Finance, Journal of Financial Economics, Journal, of Financial and Quantitative Analysis, Financial Management, The Accounting, Review, Journal of Accounting Research, Journal of Business Ethics, Corporate, Governance: An International Review, and Communications of the ACM. , , His current teaching focuses on financial models and corporate finance. Stan, has received multiple awards for his teaching and service from the Saunders, College and from RIT. The awards from RIT include the Eisenhart Award for, Outstanding Teaching (2006-2007) and the Provost's Award for Excellence in, Mentoring (2013-2014). 

ckhoi@saunders.rit.edu
585-475-2718
Areas of Expertise
Corporate finance
Corporate governance
Law and finance

Select Scholarship

Invited Article/Publication
Hoi, C., (2023). Does public scrutiny on corporate tax decisions affect directors? Effects of responsible (irresponsible) corporate tax practices on director reputation. Accounting and Business Research. . .
Hoi, C., (2020). Is social capital associated with corporate innovation? Evidence from publicly traded firms in the U.S.. Journal of Corporate Finance. . .
Hoi, C., (2020). Ownership identify and corporate donations: evidence from a natural experiment in China. China Finance Review International. . .
Hoi, C., Wu, Q., & Zhang, H. (2019). Does social capital mitigate agency problems? Evidence from Chief Executive Officer (CEO) compensation. Journal of Financial Economics. . .
Hoi, C., Wu, Q., & Zhang, H. (2018). Community Social Capital and Corporate Social Responsibility. Journal of Business Ethics. 152. 647-665.
Hassan, I., Hoi, C., Wu, Q., & Zhang, H. (2017). Does Social Capital Matter in Corporate Decisions? Evidence from Corporate Tax Avoidance. Journal of Accounting Research. 55. 629-668.
Hasan, I., Hoi, C., Wu, Q., & Zhang, H. (2017). Social Capital and Debt Contracting: Evidence from Bank Loans and Public Bonds. Journal of Financial and Quantitative Analysis. 52. 1017-1047.
Chan, Y., Yu, Y., & Hoi, C. (2015). Hidden In-game Intelligence of NBA Players' Tweets. Communications of the ACM. 58. 80-89.
Hasan, I., Hoi, C., Wu, Q., & Zhang, H. (2014). Beauty is in the Eye of the Beholder: The Effect of Corporate Tax Avoidance on the Cost of Bank Loans. Journal of Financial Economics. 113. 109-130.
Hoi, C., Wu, Q., & Zhang, H. (2013). Is Corporate Social Responsibility (CSR) Associated with Tax Avoidance? Evidence from Irresponsible CSR Activities. The Accounting Review. 88. 2025-2059.
Hoi, C., & Robin, A. (2010). Agency Conflicts, Controlling Owner Proximity and Firm Value: An Analysis of Dual-Class firms in the United States. Corporate Governance: An International Review. 18. 124-135.
Hoi, C., & Robin, A. (2010). Labor Market Consequences of Accounting Fraud. Corporate Governance: The International Journal of Business in Society. 10. 321-333.
Hoi, C., Robin, A., & Tessoni, D. (2009). Anatomy of an unusual merger: ABI (2006). Journal of Financial Education. 35. 101 - 121.
Hoi, C., Lacina, M., & Wollan, P. (2008). Earnings Management in Corporate Voting: Evidence from Anti-Takeover Charter Amendments. Advances in Quantitative Analysis of Finance and Accounting. 6. 159-177.
Hoi, C., Robin, A., & Tessoni, D. (2007). Sarbanes-Oxley: Are Audit Committees Up To The Task?. Managerial Auditing Journal. 22. 255 - 267.
Hoi, C., & Robin, A. (2004). The design of incentive compensation for directors. Corporate Governance: The International Journal of Business in Society. 4. 47-53.
Coles, J., & Hoi, C. (2003). New Evidence on the Market for Directors: Board Membership and Pennsylvania Senante Bill 1310. Journal of Finance. . .
Gerety, M., Hoi, C., & Robin, A. (2001). Do Shareholders Benefit from the Adoption of Incentive Pay for Directors?. Financial Management. 30. 45-61.
Fram, E., & Hoi, C. (2001). The CREF Stock Fund is Nearing 50: How well has the first equity variable annuity served investors?. Business Horizons. . .
Hoi, C., Lessard, J., & Robin, A. (2001). CNBC's Squawk Box: Rocket Fuel for Share Prices?. American Business Review. . .
Hoi, C., Lessard, J., & Robin, A. (2000). Do Firms Enhance Board Monitoring Following Passage of State Anti-Takeover Laws?. American Business Review. . .
Invited Keynote/Presentation
Hoi, C., (2012). Family Firms and Auditor Choice: A Focus on IPO firms. MidWest Finance Association.
Hoi, C., Robin, A., & Tessoni, D. (2010). Sarbanes-Oxley: Are Audit Committees Up To The Task. AAA Midwest Regional Meeting.
Hoi, C., & Wollan, P. (2010). Board Size and Deregulation: New Evidence from Public Utilities. MidWest Finance Association.
Hoi, C., & Robin, A. (2010). An empirical analysis of the use bonus-like contracts: Why use bonus-like contracts?. Southern Finance Association.
Hoi, C., (2007). Sarbanes-Oxley: Are audit committees up to the task?. Southern Finance Association.
Hoi, C., (2007). An empirical analysis of the design of incentive compensation for directors: why use bonus-like contracts?. Southern Finance Association.
Hoi, C., (2005). Opportunity and Incentive: Impact of Controller-Owners in US firms with Unequal Voting. Europeran Financial Managemenet Conference.
Hoi, C., & Lacina, M. (2003). Earnings Management in Corporate Voting: Evidence from Anti-Takeover Charter Amendments. Financial Management Association International.
Robin, A., (2002). Corporate Governance and Consequences of Adopting Director Incentive Plans. Southern Finance Association.
Hoi, C., (2000). CNBC's Squawk Box: Rocket Fuel for Share Prices?. Mid-West Financa Association.
Hoi, C., (1999). New Evidence on the Managerial Labor Market: Outside Directorships and Pennsylvania Senate Bill 1310. Financial Management Association International.
Hoi, C., (1999). Incentive Versus Entrenchment: The Case of Founder CEO Succession. Financial Management Association International.
Hoi, C., (1998). Takeover Defense and Board Composition. Mid-West Finance Association.
Hoi, C., (1998). Do Shareholders Benefit from the Adoption of Incentive Pay for Directors. Financial Management Association International.
Hoi, C., (1998). Takeover Defenses and Board Composition. Financial Management Association International.
Published Conference Proceedings
Hoi, C., & Lacina, M. (2003). Earnings Management in Corporate Voting: Evidence from Anti-Takeover Charter Amendments. American Accounting Association 2003 Annual National Meeting.
Hoi, C., Karim, K., Lacina, M., & Robin, A. (2002). Incentive vs. Entrenchment: The case of founder CEO succession. 25th Annual Congress European Accounting Association.

Currently Teaching

FINC-220
Financial Management
3 Credits
Basic course in financial management. Covers business organization, time value of money, valuation of securities, capital budgeting decision rules, risk-return relation, Capital Asset Pricing Model, financial ratios, global finance, and working capital management.
FINC-460
Financial Analysis and Modeling
3 Credits
In this course, students learn to obtain and organize financial data and conduct financial analysis such as discounted cash flow analysis, risk analysis and financial forecasting. Sources of data include web-based sources and proprietary databases. Excel will be the main software tool.
FINC-721
Financial Analysis for Managers
3 Credits
An examination of basic financial theories, techniques, and practices. Topics include: time value of money, valuation, capital asset pricing, risk and diversification, cost of capital, capital budgeting techniques and spreadsheet analysis.
FINC-742
Financial Modeling and Analysis
3 Credits
Students apply computer technology to solve finance-related problems using a variety of analytical methods. Analytical methods include spreadsheet modeling, mathematical optimization, regression, decision tree analysis, and Monte Carlo Simulation. Typical topics covered are financial forecasting, pro-forma financial statements, equity valuation, cash budget forecasts, and portfolio analysis. This is a hands-on course that focuses on collecting, managing and analyzing financial data.

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