Best Accounting Classes Hong Kong Near Me

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Born with a curious mind, Dr. Tingting Fan craves to explore and explain human behaviours with scientific models. Joining us in December 2021, she is a Senior Lecturer in Marketing.


Coordinating Installation of Electric Vehicle Charging Stations between Governments and Automakers


Accessibility of Electric Vehicle (EV) charging stations is an important factor for adoption of EV, which is an effective green technology for reducing carbon emissions. Recognizing this, many governments are contemplating ideas for achieving EV adoption targets, such as constructing extra EV charging stations directly or offering subsidies to entice automakers to construct more EV charging stations. To achieve these targets, governments need to coordinate with automakers to ensure that the total number of charging stations is planned optimally. We study this coordination problem by considering the interactions among the government, automakers, and consumers, our equilibrium analysis yields three major results. First, both the government and the automaker should build extra EV charging stations when their construction costs are independent. Simultaneously, the government should offer a per-station subsidy to the automaker only when the adoption target and the construction cost are both high. However, when the construction costs are dependent, the government should delegate the construction to the automaker by offering a per-station subsidy. Second, when the government considers consumer purchase subsidy as an extra lever, we find that the purchase subsidy for consumers is more cost-effective than offering a per-station subsidy to the automaker. Third, the structure of the optimal government policy remains the same regardless of whether the government's goal is to improve EV adoption or consumer welfare. Our results can serve as guidelines for governments when contemplating coordination with automakers for the construction of EV charging stations to improve EV adoption as well as consumer welfare further.


Minimum Wage and Corporate Investment: Evidence from Manufacturing Firms in China


This paper studies how minimum wage policies affect capital investment using the industrial census of manufacturing firms in China, where minimum wage policies vary across counties. Exploiting minimum wage policy discontinuities at county borders, we find that minimum wages increase capital investment. The investment response to minimum wages is stronger for firms that are labor-intensive, that have more room for technological improvement, and that cannot sufficiently pass on labor costs to consumers. A natural experiment based on county jurisdictional changes further assures the causal relationship.


No-Fly Zone in the Loan Office: How Chief Executive Officers’ Risky Hobbies Affect Credit Stakeholders’ Evaluation of Firms


The extant research has often examined the work-related experiences of corporate executives, but their off-the-job activities could be just as insightful. This study employs a novel proxy for the risky hobbies of chief executive officers (CEOs)—CEOs’ hobby of piloting a private aircraft—and investigates its effect on credit stakeholders’ evaluation of the firms led by the CEOs as reflected in bank loan contracting. Using a longitudinal data set on CEOs of large United States-listed firms across multiple industries between 1993 and 2010, we obtain strong evidence that bank loans to firms steered by CEOs who fly private jets as a hobby tend to incur a higher cost of debt, to be secured, to have more covenants, and to be syndicated. These effects are mainly driven by banks, which perceive such firms as having a higher default risk. These relationships become stronger when the CEO is more important to the firm and/or can exercise stronger control over decision making. Supplemented by field interviews, our results are also robust to various endogeneity checks using different experimental designs, the Heckman two-stage model, a propensity score-matching approach, a difference-in-differences test, and the impact threshold of confounding variables.


Passively managed index funds now hold over 30% of U.S. equity fund assets; this shift raises fundamental questions about monitoring and governance. We show that, relative to active funds, index funds are less effective monitors: (a) they are less likely to vote against firm management on contentious governance issues; (b) there is no evidence they engage effectively publicly or privately; and (c) they promote less board independence and worse pay-performance sensitivity at their portfolio companies. Overall, the rise of index funds decreases the alignment of incentives between beneficial owners and firm management and shifts control from investors to managers.


Dr Sangwoon Park’s study takes a scientific look at what makes friendships at work tick and how these friendships affect productivity in the workplace. His findings reveal that worker productivity declines when friends socialize at work, but that, surprisingly, people are also willing to “pay” almost 5% of their wages to work near a friend – suggesting that friends who work together get more out of their jobs than just money.

4worldlovers: Kaplan Higher Education is a global provider of management education and quality lifelong learning programmes and services. We are a proud member of Kaplan, Inc. - a global leader specialising in lifelong education, with 1,000,000 students around the globe in more than 500 locations worldwide.

Established in Hong Kong in 1991, Kaplan Higher Education is one of the largest providers of tertiary education programmes and services in Hong Kong. Our renowned university partners from across the globe represent a portfolio of programmes from bachelor to doctoral level. We help develop result-oriented managers and professionals with executive leadership qualities to meet the ever-changing needs of the knowledge-based economy in Hong Kong and beyond.

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4worldlovers: HKUST Business School Central is located at the heart of Hong Kong’s world-famous business district and commands spectacular 180-degree views over Victoria Harbor.

Our facility is the perfect setting for your next press conference, board meeting or other corporate event. We’re proud to offer an extensive and flexible function room space and quality catering in a sleek, modern environment. Simply choose from our range of creative room layouts, all fully equipped with up-to-date technology, to take the first step in organizing a truly memorable event.

You’ll find our facility in the iconic Hong Kong Club Building, nestled at the heart of Hong Kong’s thriving Central district and surrounded by some of the city’s most impressive architecture. It’s just a minute’s walk from the MTR.

Take advantage of this prestigious setting by holding your next conference, seminar or board meeting in this unique venue at the business and financial epicenter of Hong Kong.

Whether you’re organizing an international conference or intimate cocktail reception, HKUST Business School Central has the versatility you need. Along with our meeting room for small groups, we offer extensive function room space. Whatever your requirements, our meeting facilities will ensure that you host a truly successful event.

HKUST Business School Central provides attentive service that begins the moment you make contact and continues until your last guest leaves. Whatever the scale of your meeting, you can rely on our support to ensure that it is meticulously planned and executed.

Whether you’re planning a breakfast meeting or full-day conference, we can arrange the refreshments. For those venturing beyond our conference and meeting rooms, we offer a coffee corner, bar and lounge area for guests to relax in while marveling at the panoramic sea view.