Dr. Hooy Chee Wooi

Profile-Details

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. Sumitomo Grant [Sumitomo Foundation, Japan]: Effectiveness of Corporate Governance Code Revision on Improving the Value of CSR: Comparative Study on Japan and selected Asian countries. Apr 2016 – Mar 2017. Amount: 550,000 Yen. [as principle researcher]
  2. USM Research University Grant: Does Executive Remuneration in Family Firms Based on Managerial Ability?Mar 2016 – Feb 2019. Amount: RM 100,000. [as co-researcher]
  3. USM Research University Grant: How Effective Corporate Governance Codes Revision Affects Firm Performance?Mar 2016 – Feb 2018. Amount: RM 100,000. [as co-researcher]
  4. USM Research University Grant: Determinants and Dynamics of Market Integration Using Kalman Filter and Panel Data Approach. Mar 2014 – Aug 2018. Amount: RM 94,600. [as co-researcher]
  5. USM Research University Grant: The Impact of Warrant on Firm Performance. Jan 2015 – Jan 2017. Amount: RM 133,708. [as principle researcher]

Completed Research:

  1. USM Short-Term Grant: Investigating How Ownership Concentration Affects the Leverage Decision of Malaysia Listed Firms. September 2014-Aug 2016. Amount: RM33,740 [as co-researcher]
  2. USM Short-Term Grant: The Influence of Multiple Directorships on Firm Performance of Public Listed Companies in Malaysia. September 2014-Aug 2016. Amount: RM28,967 [as co-researcher]
  3. USM Research University Cluster Grant: Tourism Planning. 1 Jun 2011 – 31 May 2016. Amount: RM 4,180,061. [as co-researcher]
  4. 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]
  5. 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]
  6. 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]
  7. 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]
  8. 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]
  9. 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]
  10. 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]
  11. USM Research University Grant: Stock Market Integration and Market Efficiency. 15 Nov 2009 - 14 Nov 2011. Amount: RM99,615. [as principle researcher]
  12. Fundamental Research Grant Scheme: Artificial Neural Networks for Foreign Exchange Modeling and Prediction. Jul 2009 - Jul 2011. Amount: RM30,000 [as co-researcher]
  13. USM Short-Term Grant: Controlling Shareholder and Firm Value. November 2010-Jun 2011. Amount: RM30,000 [as co-researcher]
  14. University of Malaya Postgraduate Research Fund: The Determinants for Equity Market Integration. Sep 2006-Aug 2007. Amount: RM3,000 [as sole researcher]
  15. 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 Ruhani Ali (2016) Does Muslim CEO Matters in Shariah-Compliant Companies? Evidence from Listed Firms in Malaysia. Pacific Basin Finance Journal, forthcoming. [ISI 2015=0.938(Q3), Elsevier]
  2. Lim Kian-Ping, Hooy Chee Wooi, Chang Kowk Boon and Robert Darren Brooks (2016) Institutional Investor and Information Efficiency of Malaysian Firms. The North America Journal of Economics and Finance, 36, 1-28. [ISI 2015=1.36(Q2), Elsevier]
  3. Ebrahim Bazrafshan, Amene S. Kandelousiand Chee-Wooi, Hooy (2016) The Impact of Earnings Management on the Extent of Disclosure and True Financial Performance: Evidence from Listed Firms in Hong Kong. The British Accounting Review, 48(2), 206-219. [ISI 2015=1.34(Q2), Elsevier]
  4. Hooy Chee Wooi, Law Siong-Hook and Chan Tze-Haw (2015) The Impact of the Renminbi Real Exchange Rate on ASEAN Disaggregated Exports to China. Economic Modelling, 47, 253-259. [ISI 2015=0.997(Q2), Elsevier]
  5. Ooi Chai Aun, Hooy Chee Wooi, and Ahmad Puad Mat Som (2015) Diversity in Human and Social Capital: Empirical Evidence from Asian Tourism Firms in Corporate Board Composition. Tourism Management, 48, 139-153. [ISI 2015=3.14(Q1), Elsevier]
  6. Nor Azuana Ramli, Mohd Tahir Ismail and Hooy Chee Wooi (2015) Measuring the Accuracy of Currency Crisis Prediction with Combined Classifiers in Designing Early Warning System. Machine Learning. [ISI 2015=1.719(Q2), Springer]
  7. Rayenda Brahmana, Hooy Chee Wooi, Zamri Ahmad (2014). Moon Phase Effect on Investor Psychology and Stock Trading Performance,International Journal of Social Economics, 41(3), 182-200. [Emerald]
  8. Mat Som Ahmad Puad, Ooi Chai Aun & Hooy Chee Wooi (2014) Crisis Typologies and Tourism Demand.Anatolia: An International Journal of Tourism and Hospitality Research. 25(2), 302-304. [Routledge]
  9. Wong Wai Peng, Deng Qiang, Tseng Ming-Lang. Lee Loo-Hay, Hooy Chee-Wooi (2014) A Stochastic Setting To Bank Financial Performance For Refining Efficiency Estimates. Intelligent Systems in Accounting, Finance and Management, 21(4), 225-245. [Wiley Blackwell]
  10. Hooy Chee Wooi and Lim Kian-Ping (2013) Is Greater Level of Market Integration Associated with Improved Market Efficiency?Journal of Policy Modeling, 35, 29-44. [ISI 2013=1.041(Q2), Elsevier]
  11. Lee Meng Hoarg and Hooy Chee Wooi (2013) Diversifying Country or Industry in ASEAN-5? Emerging Markets Finance and Trade, 49(2), 44-63. [ISI 2013=0.468(Q3),Routledge]
  12. 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 2013=0.415(Q3),Wiley Blackwell]
  13. Lee Kian Tek, Hooy Chee Wooi and Hooy Guat Khim (2012) Examining the Value of Corporate International and Industrial Diversification for Malaysian Firms. Emerging Markets Review, 13(3), 366-380. [ISI 2012=1.167(Q2), Elsevier]
  14. Lee Chyn Hwa and Hooy Chee Wooi (2012) The Determinants of Systematic Risk Financial Exposures of Airline Industry in East Asia. Journal of Air Transport Management, 24, 31-35. [ISI 2012=0.8(Q4), Elsevier]
  15. 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=0.16(Q4), Routledge]
  16. 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]
  17. 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. [SSCI, Routledge]
  18. 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. [WorldSciNet]
  19. 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. [SSCI, Wiley Blackwell]
  20. Tan Hui Boon and Hooy Chee Wooi (2004) Bank Merger and Bank Stock Volatility: A Post Announcement Analysis, Managerial Finance, 30(4), 29-47. [Emerald]

 

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

3

2

5

Master Students

5

3

8

 

Number in progress

 

 

 

PhD Students

6

0

6

Master Students 3 0 3

Others


Others:

Awards:

  1. Best Paper Award, Effect of Geographical Diversification on Informational Efficiency in Emerging Countries. The 18th Malaysian Finance Association Annual Conference & 7th Islamic Banking, Accounting and Finance Conference 2016, May 29-31, 2016, Hotel Equatorial Melaka, Malaysia. [with Poh Suan]
  2. Best Paper Award, Calendar Effects in Islamic Stock Indices. International Symposium & Exhibition on Business and Accounting 2016 (ISEBA 2016) “Journey to the Top: Accelerating and Powering Excellence”, May 4, 2016, Universiti Tenaga Nasional, Pahang, Malaysia. [with Ruhani Ali and Shangkari V.Anusakumara]
  3. Second Runner up,CQAsia Academic Competition, The Impact of Earnings Management on the Extent of Disclosure and True Financial Performance: Evidence from Listed Firms in Hong Kong, Fourth Annual CQAsia Conference, Nov 4-5, 2015, Deutsche Bank, Kowloon, Hong Kong [with Ebrahim Bazrafshan]
  4. Best Paper Award, Does Muslim CEO Matters in Shariah-compliant Companies? Evidence from Listed Firms in Malaysia Pacific Basin Finance Journal, The 17th Malaysian Finance Associate Annual Conference, June 2-4, Hyatt Hotel Kota Konabalu, Sabah, Malaysia [with Ruhani Ali]
  5. Outstanding Paper Award, Does Corporate Governance Code Revision Enhance Firm Performance via Stakeholder and Environmental Responsibility: International Evidences. International Conference on Contemporary Issues in Accounting and Finance 2013, April 8-10, 2015, Faculty of Economics and Business, UNIMAS, Sarawak. [with Ooi Chai Aun]
  6. Best Paper Award, The Influence of Informal Governance On the Relationship between Corporate Diversification and Firm Value: The Malaysian Evidence. International Conference on Business, Accounting, Finance and Economics 2015, October 9, 2014, UTAR Kampar Campus, Perak, Malaysia.[with Lee Kian Tek]
  7. Best Paper Award, The Influnce of Human and Social Capital of Board of Directors in the Period of Crisis: Evidence from Firm Performance of Aisan Tourism Firms. National Research & Innovation Conference for Graduate Students in Social Sciences 2014, 5-7 Dec 2014, Corus Paradise Resort, Port Dickson, Negeri Sembilan, Malaysia [with Ooi Chai Aun and Mat Som Ahmad Puad]
  8. Best Paper Award, Effect of Geography Diversififcation on Informational Efficiency. International Conference on Business, Accounting, Finance and Economics 2014, September 26, 2014, UTAR Kampar Campus, Perak, Malaysia.[with Poh Suan]
  9. Best Paper Award (Finance and Accounting), Foreign Shareholding and Stock Price Efficiency: Firm Level Evidence from Malaysia. International Borneo Business Conference 2014, August 20-21, 2014, Riverside Majestic Hotel, Sarawak, Malaysia.[with Lim Kian Ping, Chang Kwok Boon, and Robert D. Brooks]
  10. Best Paper, The Influnce of Board Quality Towards the Impact of Crisis on Firm Performance: Evidence from Tourism Industry. 5th Asia Pacific Business Research Conference, Feb 17-18, 2014, Hotel Istana, Kuala Lumpur, Malaysia. [with Ooi Chai Aun and Mat Som Ahmad Puad]
  11. Best Paper Award (Finance and Banking), The Sources of Country and Industry Variations in ASEAN Stock Returns. The 2nd Applied International Business Conference, Dec 7-8, 2013, Prominade Hotel, Kota Kinabalu, Malaysia [with Lee Meng Horng and Terence Chong Tai-Leung] 
  12. 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)
  13. 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)
  14. 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)
  15. 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)
  16. 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)
  17. 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)
  18. 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)
  19. 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)
  20. 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.
  21. Third Best Paper Award (Economics Track), Seminar FEP 2001, UPM, Oct 1-5, 2001, Pahang.

Memberships:

  1. American Finance Association (ordinary member 2011-2019)
  2. East Asian Economic Association (ordinary member 2008-2016)
  3. Asian Academic of Management Association (committee, 2010-2016)
  4. Malaysian Economic Association (life member since 2008)
  5. Malaysian Finance Association (life member since 2008)