Associate Professor Dr. Hooy Chee Wooi

Hooy Chee Wooi

Profile

Position: Associate Professor

Academic Qualifications:

Ph.D University Malaya (UM), Malaysia,
M.Sc. Universiti Putra Malaysia (UPM), Malaysia,
Bac.Econ. Universiti Putra Malaysia (UPM), Malaysia

Contacts:

Room: E47-3-12
Phone: (+604) 653 2897
Fax:  (+604) 657 7448
Email: cwhooy@usm.my

Biodata:

HOOY CHEE WOOI, Ph.D. is a senior lecturer at the School of Management USM. He was born in Georgetown, Penang. He joined the university after completing his PhD in international finance at the University of Malaya. He is actively involved in research where he has published 4 books and more than 60 articles in refereed journals, and has won several awards and medals for his research. He has also serves as reviewer for more than 20 refereed journals since 2006, where 8 are from ISI journals including Applied Economics, Economic Modelling, Emerging Market Finance and Trade, Emerging Market Review, and Review of International Economics. Since 2009, he has served as the co-editor for Asian Academy of Management Journal of Accounting and Finance (AAMJAF), a Scopus cited journal. He was a visiting scholar at Columbia Business School of Columbia University from Sep2005 to May2006; at Faculty of Business and Economics of Monash University in May 2010; and at Economics Department of Chinese University of Hong Kong in Aug/Sep 2011.

Research


Research Area: 

International Finance, Corporate Finance, Corporate Governance

Research Project:


On-going Research:

  1. USM Research University Cluster Grant: Tourism Planning. 1 Jun 2011 – 31 May 2016. Amount: RM 4,180,061. [as co-researcher]
  2. USM Research University Grant: The Effect of Corporate Governance Reforms on the Control Mechanism and Firm Performance of Malaysian Public Listed Firm. 15 Jul 2012 – 14Jul 2015. Amount: RM 126,546. [as principle researcher]
  3. USM Research University Grant: FDI in Services (FDIS) As a Replacement for FDI in Manufacturing: Can it be and How much it Should be Promoted to be another Growth Engine? 15 Dec 2012 – 14 Dec 2015. Amount: RM 113,439.70 [as co-researcher]
  4. USM Research University Grant: Operating Efficiency and Corporate Governance of Public Listed Companies in Malaysia. 15 Dec 2012 – 14 Dec 2014. Amount: RM 98,142.78. [as co-researcher]
  5. Fundamental Research Grant Scheme: Systematic Risk of Stock Returns in Asian Emerging Markets: Decomposition and Determinants. Jul 2012 - Jul 2014. Amount: RM 30,000. [as principle researcher]

Completed Research:

  1. USM Research University Grant: Momentum and Investor Sentiment: Insight From Asian Stock Market. 1 Dec 2011 - 30 Nov 2013. RM 100,000 [as co-researcher]
  2. USM Research University Grant: Trade Integration and Economic Sustainability In East Asia. 15 Jun 2010 - 30 Jun 2013. Amount: RM 124,260. [as principle researcher]
  3. USM Research University Grant: State Space Approach in Assessing the Existence of Calendar Effects at International Stock Markets: It’s Implication on Efficient Market Hypothesis. 15 Jan 2010 - 15 July 2012. Amount: RM99,762 [as co-researcher]
  4. USM Research University Grant: Stock Market Integration and Market Efficiency. 15 Nov 2009 - 14 Nov 2011. Amount: RM99,615. [as principle researcher]
  5. Fundamental Research Grant Scheme: Artificial Neural Networks for Foreign Exchange Modeling and Prediction. Jul 2009 - Jul 2011. Amount: RM30,000 [as co-researcher]
  6. USM Short-Term Grant: Controlling Shareholder and Firm Value. November 2010-Jun 2011. Amount: RM30,000 [as co-researcher]
  7. University of Malaya Postgraduate Research Fund: The Determinants for Equity Market Integration. Sep 2006-Aug 2007. Amount: RM3,000 [as sole researcher]
  8. University of Malaya Short-Term Research Grant: International Stock Market Integration: A Trading Bloc Framework: Jun 2005-Jun 2006. Amount: RM3,000 [as sole researcher]

Publication


Selected Publications in Journals:

  1. Hooy Chee Wooi and Lim Kian-Ping (2013) Is Greater Level of Market Integration Associated with Improved Market Efficiency? Journal of Policy Modeling, 35(1), 29-44 [ISI 2012=0.737; Elsevier]
  2. Lee Meng Horng and Hooy Chee Wooi (2013) Diversifying Country or Industry in ASEAN-5? Emerging Market Finance and Trade, 49(2), 44-63 [ISI 2012=1.190; M.E.Sharpe]
  3. Lim Kian Ping and Hooy Chee Wooi (2013) Nonlinear Predictability in G7 Stock Index Returns: Empirical Evidence from Rolling BDS Test. The Manchester School, 81(4), 620-637 [ISI 2011=0.454; Wiley-Blackwell]
  4. Poon Wai Chin and Hooy Chee Wooi (2013) Exchange Rate Volatility and Exchange Rate Regime on Trade in OICs, Journal of Asia Pacific Business, 14(3), 182-201 [Routledge]
  5. Lee Kian Tek, Hooy Chee Wooi and Hooy Guat Khim (2012) Examining the Value of Corporate International and Industrial Diversification for Malaysian Firms. Emerging Market Review, 13(3), 366-380. [ISI 2012=1.167; Elsevier]
  6. Lee Chyn Hwa and Hooy Chee Wooi (2012) Determinants of Systematic Financial Risk Exposures of Airlines in North America, Europe and Asia. Journal of Air Transport Management, 24, 31-35. [ISI 2012=0.80; Elsevier]
  7. Chan Tze-Haw and Hooy Chee Wooi (2012) Malaysia-China in the Liberalization Era: Structural Modelling of International Parity Conditions and Transmission Mechanism. Global Economic Review, 41(3), 259-277. [ISI 2012=0.160; Routledge]
  8. Yip Yen-Yen and Hooy Chee Wooi (2012) Call Warrant Listing and the Behaviour of Its Underlying Spot Market: Some Evidence from Bursa Malaysian. Journal of Asia Pacific Business, 13(3), 287-298. [Routledge]
  9. Rayenda Khresna Brahmana, Hooy Chee Wooi and Zamri Ahmad (2012) Weather, Investor Irrationality and Day-of-the-Week Anomaly: Case of Indonesia. Journal of Bioeconomics, 14(2), 129-146. [Springer]
  10. Rayenda Brahmana, Hooy Chee Wooi, Zamri Ahmad (2012) Psychological Factors on Irrational Financial Decision Making: Case of Day-of-the Week Anomaly. Humanomics: The International Journal of Systems and Ethics, 28(4), 236-257. [Emerald]
  11. Chan Tze-Haw and Hooy Chee Wooi (2012) China-Malaysia’s Long Run Trading and Exchange Rate: Complementary or Conflicting? Malaysia Journal of Economic Studies, 49(2), 157-177.
  12. Hooy Chee Wooi and Goh Kim Leng (2010) Exposure to the World and Trading-Bloc Risks: A Multiviariate Capital Asset Pricing Model, Research in International Business and Finance, 24 (2), 206-222. [Elsevier]
  13. Hooy Chee Wooi and Choong Chee Keong (2010) The Impact of Exchange Rate Volatility on World and Intra-Trade Flows of SAARC Countries. India Economic Review, 45(1), 67-86.
  14. Hooy Chee Wooi and Tee Cheung Ming (2010) GLC Directors’ Pay-Performance: A Study on Malaysian Government Linked Companies. Macroeconomics and Finance in Emerging Market Economies, 3(2), 245-259. [Routledge]
  15. Hooy Chee Wooi (2008) Does Trade Regionalism Increase Stock Market Segmentation Within Trading Bloc? International Economic Journal, 22 (1), 113-126. . [Routledge]
  16. Tan Hui Boon, Hooy Chee Wooi, Sardar M.N. Islam and Alex Manzoni (2008) Relative Efficiency Measures for the Knowledge Economies in the Asia Pacific Region, Journal of Modelling in Management, 3(2), 111-124. [Emerald]
  17. Baharumshah, Ahmad Zubaidi and Hooy Chee Wooi (2007) The Exchange Rate Volatility and Asian Financial Crisis: Evidence from South Korea and ASEAN-5. Review of Pacific Basin Financial Markets and Policies, 10(2), 237-268. [World Scientific]
  18. Tan Hui Boon and Hooy Chee Wooi (2007) The Development of East Asia Countries Towards a Knowledge-based Economy: A DEA Analysis, Journal of the Asia Pacific Economy, 12(1), 17-33. [Routledge]
  19. Tan Hui Boon and Hooy Chee Wooi (2004) Bank Mergers and Bank Stock Volatility: A Post Announcement Analysis, Managerial Finance, 30(4), 29-47. [Emerald]
  20. Hooy Chee Wooi, Tan Hui Boon and Md. Nassir, Annuar (2004) Risk Sensitivity of Bank Stocks in Malaysia: Empirical Evidence across the Asian Financial Crisis, Asian Economic Journal, 18(3), 261-276. [Wiley-Blackwell]

Selected Publications in Books and Book Chapters:

  1. Hooy Chee Wooi, Ruhani Ali, and Ghon Rhee (2013) Emerging Markets and Financial Resilience: Decoupling Growth from Turbulence, Palgrave Macmillan: Hampshire (ISBN: 978-1137-26660-6). Total 252 Pages.
  2. Hooy Chee Wooi (2010) Stock Market Integration and the Pricing for Regionalism. University of Malaya Press: Kuala Lumpur (ISBN:978-983-100506-4). Total 114 Pages.
  3. Tan Hui Boon and Hooy Chee Wooi (2010) Malaysia towards a Knowledge Based Economy. Universiti Putra Malaysia Press: Serdang (ISBN: 978-967-344-072-6). Total 76 Pages.
  4. Tan Hui Boon and Hooy Chee Wooi (2005) Understanding the Behavior of the Malaysian Stock Market, Universiti Putra Malaysia Press: Serdang (ISBN: 983-2871-46-8). Total 163 Pages.
  5. Hooy Chee Wooi (2010) Stock Market Integration and the Pricing for Regionalism. University of Malaya Press: Kuala Lumpur (ISBN:978-983-100506-4). Total 114 Pages.
  6. Tan Hui Boon and Hooy Chee Wooi (2010) Malaysia towards a Knowledge Based Economy. Universiti Putra Malaysia Press: Serdang (ISBN: 978-967-344-072-6). Total 76 Pages.
  7. Tan Hui Boon and Hooy Chee Wooi (2005) Understanding the Behavior of the Malaysian Stock Market, Universiti Putra Malaysia Press: Serdang (ISBN: 983-2871-46-8). Total 163 Pages.
  8. Hooy Chee Wooi and Yeap Geok Peng (2009) The Impact of Macroeconomic Volatility on Bursa Malaysia Volatility. In Research in Finance: GARCH, its Applications and EMH, edited by Choo Wei Chong and Loo Sin Chun, Universiti Putra Malaysia Press: Serdang (ISBN:978-967-344-104-4). Page 5-18.
  9. Hooy Chee Wooi and Chan Tze Haw (2009) The Long Run Currency Exposure of China-Malaysia Trades. In China-ASEAN Relations: Economic Engagement and Policy Reform, edited by Emile Yeo Kok Kheng, Chan Sok Gee, Wendy Yong Chen-Chen, Joanne Loh Hoi-Lee, Institute of China Studies, University of Malaya: Kuala Lumpur (ISBN:978-967-5148-44-6). Page 61-76.
  10. Goh Kim Leng and Hooy Chee Wooi (2008) Bank Lending and Monetary Policy in Malaysia: Issues and Challenges, In Bank Lending, Banking and Financial Developments, edited by Killian N. Betrowe, Nova Science Publishers: New York. (ISBN-10: 1604564911 ; ISBN-13: 978-1604564914 ). Page 51-68.
  11. Lau Wee Yeap and Hooy Chee Wooi (2008) An Analysis on the Trade Flows of ASEAN with China, In Facets of a Transforming China: Resource, Trade and Equity (pp.98-109), edited by Emile Yeo Kok Kheng, Institute of China Studies, University of Malaya Publisher: Kuala Lumpur. (ISBN: 978-9675148-01-9). Page 98-109.
  12. Hooy Chee Wooi (2006) Exchange Rate Volatility Spillover Effect, in Time Series Econometrics Analysis: Selected issues in ASEAN economies, edited by Lim, K.P., Lee, H.A. and Liew V.K.S., Prentice Hall: Petaling Jaya. (ISBN: 983-3205-90-9). Page 73-83.
  13. Hooy Chee Wooi and Tan Hui Boon (2003) The Role of Global and Regional Financial Centres in Explaining the Volatility of ASEAN Equity Markets, in Contemporary Issues in Economics, edited by Md-Sidin, S., Sambasivan, M., Md-Noor, Z. and Yahya, M., Pearson: Kuala Lumpur. (ISBN: 983-2639-69-7). Page 78-96.

Supervision


Supervision:

 

Principle Supervisor

Co-Supervisor

Total

Number Completed

     

Post Doc

1

 -

 1

PhD Students

1

2

Master Students

2

1

3

 

Number in progress

     

PhD Students

4

1

5

Master Students 3 2 5

Others


Others:

Awards:

  1. Best Paper Award, Controlling Shareholder and the Implied Cost of Equity of Malaysian Firms. Malaysian Finance Association Annual 15th Annual Conference 2013, June 2-4, 2013, Sime Darby Convention Center, Kuala Lumpur. (with Foong Swee Sim and Hooy Guat Khim)
  2. Outstanding Paper Award, Controlling Shareholder and the Implied Cost of Equity of Malaysian Firms. International Conference on Contemporary Issues in Accounting and Finance 2013, April 11-12, 2013, Faculty of Economics and Business, UNIMAS, Sarawak (with Foong Swee Sim and Hooy Guat Khim)
  3. Best Paper Award, Malaysia and China in the Liberalization Era: A Structural Modeling of Exchange Rate, Prices and Interest Rates. The 9th Asian Academy of Management International Conference 2011, October 14-16, 2011, Penang (with Chan Tze Haw)
  4. Outstanding Paper Award (Economics), Malaysia-China Trade in the Liberalization Era: A VECX* Modeling. The 4th International Borneo Business Conference, December 13 -15, 2010, Miri, Sarawak (with Chan Tze Haw)
  5. Best Paper Award, The Impact of Financial Crises on the Integration of Small Emerging market International Conference on Business and Economic Research, March 15-16, 2010, Kuching, Sarawak (with Yeoh Bit Kun and Zainudin Arsad)
  6. Best Presenter Award, The Delay of Stock Price Adjustment to Information: An Aggregate Country-level Measure. The 4th International Conference on Business and Management Research, November 22-24, 2009. Bali, Indonesia (with Lim Kian Ping)
  7. Best Paper Award, Financial Efficiency of SMEs in the Northern Corridor Economic Region: A DEA Analysis. Malaysian Finance Association 11th Annual Conference, June 3-5, 2009, Penang (with Hooy Guat Khim and Tajul Ariffin Masron)
  8. Best Paper Award, Stock Market Integration across National Boundaries: Causes and Impediments. Malaysian Finance Association 10th Annual Conference, June 4-5, 2008, Kuching, Sawarak (with Goh Kim Leng)
  9. Best Paper Award, International Stock Market Integration: A Trading Bloc Framework. Financial Management Association (FMA) Doctoral Student Colloquium, with Asia Finance Association, Jul 10, 2005, Kuala Lumpur.
  10. Third Best Paper Award (Economics Track), Seminar FEP 2001, UPM, Oct 1-5, 2001, Pahang.

Memberships:

  1. American Finance Association (ordinary member 2011-2016)
  2. East Asian Economic Association (ordinary member 2008-2012)
  3. Asian Academic of Management Association (committee, 2010-2014)
  4. Malaysian Economic Association (life member since 2008)
  5. Malaysian Finance Association (life member since 2008)