![Woon Wong](https://profiles-cardiff.imgix.net/attachments/1449?w=200&h=200&auto=format&crop=faces&fit=crop&q=90")
Dr Woon Wong
Reader in Financial Economics
- WongWK3@cardiff.ac.uk
- +44 29208 74900
- Aberconway Building, Room E30, Colum Road, Cathays, Cardiff, CF10 3EU
Overview
My PhD research specialised in multivariate stochastic processes at University of Manchester. Since then I have researched and worked in investment, risk management, finance and economics. Professionally, I am a certified Financial Risk Manager and I have worked in the finance industry in the Far East. Prior to joining Cardiff Business School in 2013, I have held academic posts at University of Stirling (Scotland), University of West of England (England), and Tamkang University (Taiwan).
While I continue to write research papers in general finance and economics, my current interest is primarily in pension. In addition to academic working papers, I also contribute to the discussions on pension by publishing in Times Higher Education, Royal Economic Society Newsletter as well as Cardiff Business School blogs and other social media platforms. At present, I am
- UCU’s elected alternate negotiator (on USS)
- A member of UCU’s Superannuation Working Group
- A member of USS’s Valuation and Methodology Discussion Forum
- A member of Cardiff University’s USS Actuarial Valuation Technical Group
I teach Financial Economics of Pensions (BST160) and Investment & Electronic Trading (BST277). I am Director of Trading Room Operations and Development.
Publication
2020
- Wong, W. K. 2020. A GMM skewness and kurtosis ratio test for higher moment dependence. Journal of Financial Econometrics 18(2), pp. 307-332. (10.1093/jjfinec/nbz011)
2019
- Wong, W., Mariscal, I. B. and Howells, P. 2019. Liquidity and credit risks in the UK's financial crisis: how 'quantitative easing' changed the relationship. Applied Economics 51(3), pp. 278-287. (10.1080/00036846.2018.1494814)
2012
- Wong, W. K., Fan, G. and Zheng, Y. 2012. Capturing Tail Risks Beyond VaR. Review of Pacific Basin Financial Markets and Policies 15(3), article number: 1250015. (10.1142/S0219091512500154)
- Clatworthy, M. A., Pong, C. K. M. and Wong, W. K. 2012. Auditor quality effects on the relationship between accruals, cash flows and equity returns: a variance decomposition analysis. Accounting and Business Research 42(4), pp. 419-439. (10.1080/00014788.2012.662791)
2010
- Wong, W. K. 2010. Backtesting value-at-risk based on tail losses. Journal of Empirical Finance 17(3), pp. 526-538. (10.1016/j.jempfin.2009.11.004)
2009
- Wong, W. K., Tan, D. and Tian, Y. 2009. Informed trading and liquidity in the Shanghai Stock Exchange. International Review of Financial Analysis 18(1-2), pp. 66-73. (10.1016/j.irfa.2008.11.002)
- Wong, W. K., Liu, B. and Zeng, Y. 2009. Can price limits help when the price is falling? Evidence from transactions data on the Shanghai Stock Exchange. China Economic Review 20(1), pp. 91-102. (10.1016/j.chieco.2008.09.002)
- Wong, W. K., Chang, M. C. and Tu, A. H. 2009. Are Magnet Effects Caused by Uninformed Traders? Evidence from Taiwan Stock Exchange. Pacific-Basin Finance Journal 17(1), pp. 28-40. (10.1016/j.pacfin.2008.03.001)
- Wong, W. K. and Tu, A. H. 2009. Market imperfections and the information content of implied and realized volatility. Pacific-Basin Finance Journal 17(1), pp. 58-79. (10.1016/j.pacfin.2007.12.002)
- Copeland, L. S., Wong, W. K. and Zeng, Y. 2009. Information-based trade in the Shanghai stock market. Global Finance Journal 20(2), pp. 180-190. (10.1016/j.gfj.2009.02.002)
- Wong, W. K. 2009. Backtesting the Tail Risk of VaR in Holding US dollar. Applied Financial Economics 19(4), pp. 327-337. (10.1080/09603100802167312)
2008
- Wong, W. K. 2008. Backtesting trading risk of commercial banks using expected shortfall. Journal of Banking & Finance 32(7), pp. 1404-1415. (10.1016/j.jbankfin.2007.11.012)
- Copeland, L. S., Wong, W. K. and Zeng, Y. 2008. Information-based trade in the Shanghai stock market. Presented at: 15th Annual Global Finance Conference, Hangzhou, China, 18-20 May 2008.
- Wong, W. K., Copeland, L. S. and Lu, R. 2008. The other side of the trading story: evidence from NYSE. Presented at: CRSP Forum 2008, Chicago, USA, 3-4 November 2008.
- Wong, W. K. and Copeland, L. S. 2008. Risk measurement and management in a crisis-prone world. Working paper. Social Science Research Network. Available at: http://dx.doi.org/10.2139/ssrn.1265285
1999
- Abyankar, A., Copeland, L. S. and Wong, W. K. 1999. LIFFE cycles: intraday evidence from the FTSE-100 Stock Index futures market. European Journal of Finance 5(2), pp. 123-139. (10.1080/135184799337136)
1997
- Wong, W. K. 1997. Frequency domain tests of multivariate Gaussianity and nonlinearity. Journal of Time Series Analysis 18(2), pp. 181-194. (10.1111/1467-9892.00045)
- Abyankar, A., Copeland, L. S. and Wong, W. K. 1997. Uncovering nonlinear structure in real-time stock-market indexes: the S&P 500, the DAX, the Nikkei 225, and the FTSE-100. Journal of Business & Economic Statistics 15(1), pp. 1-14. (10.1080/07350015.1997.10524681)
1995
- Abyankar, A., Copeland, L. S. and Wong, W. K. 1995. Nonlinear dynamics in real-time equity market indices: evidence from the United Kingdom. The Economic Journal 105(431), pp. 864-880.
Cynadleddau
- Copeland, L. S., Wong, W. K. and Zeng, Y. 2008. Information-based trade in the Shanghai stock market. Presented at: 15th Annual Global Finance Conference, Hangzhou, China, 18-20 May 2008.
- Wong, W. K., Copeland, L. S. and Lu, R. 2008. The other side of the trading story: evidence from NYSE. Presented at: CRSP Forum 2008, Chicago, USA, 3-4 November 2008.
Erthyglau
- Wong, W. K. 2020. A GMM skewness and kurtosis ratio test for higher moment dependence. Journal of Financial Econometrics 18(2), pp. 307-332. (10.1093/jjfinec/nbz011)
- Wong, W., Mariscal, I. B. and Howells, P. 2019. Liquidity and credit risks in the UK's financial crisis: how 'quantitative easing' changed the relationship. Applied Economics 51(3), pp. 278-287. (10.1080/00036846.2018.1494814)
- Wong, W. K., Fan, G. and Zheng, Y. 2012. Capturing Tail Risks Beyond VaR. Review of Pacific Basin Financial Markets and Policies 15(3), article number: 1250015. (10.1142/S0219091512500154)
- Clatworthy, M. A., Pong, C. K. M. and Wong, W. K. 2012. Auditor quality effects on the relationship between accruals, cash flows and equity returns: a variance decomposition analysis. Accounting and Business Research 42(4), pp. 419-439. (10.1080/00014788.2012.662791)
- Wong, W. K. 2010. Backtesting value-at-risk based on tail losses. Journal of Empirical Finance 17(3), pp. 526-538. (10.1016/j.jempfin.2009.11.004)
- Wong, W. K., Tan, D. and Tian, Y. 2009. Informed trading and liquidity in the Shanghai Stock Exchange. International Review of Financial Analysis 18(1-2), pp. 66-73. (10.1016/j.irfa.2008.11.002)
- Wong, W. K., Liu, B. and Zeng, Y. 2009. Can price limits help when the price is falling? Evidence from transactions data on the Shanghai Stock Exchange. China Economic Review 20(1), pp. 91-102. (10.1016/j.chieco.2008.09.002)
- Wong, W. K., Chang, M. C. and Tu, A. H. 2009. Are Magnet Effects Caused by Uninformed Traders? Evidence from Taiwan Stock Exchange. Pacific-Basin Finance Journal 17(1), pp. 28-40. (10.1016/j.pacfin.2008.03.001)
- Wong, W. K. and Tu, A. H. 2009. Market imperfections and the information content of implied and realized volatility. Pacific-Basin Finance Journal 17(1), pp. 58-79. (10.1016/j.pacfin.2007.12.002)
- Copeland, L. S., Wong, W. K. and Zeng, Y. 2009. Information-based trade in the Shanghai stock market. Global Finance Journal 20(2), pp. 180-190. (10.1016/j.gfj.2009.02.002)
- Wong, W. K. 2009. Backtesting the Tail Risk of VaR in Holding US dollar. Applied Financial Economics 19(4), pp. 327-337. (10.1080/09603100802167312)
- Wong, W. K. 2008. Backtesting trading risk of commercial banks using expected shortfall. Journal of Banking & Finance 32(7), pp. 1404-1415. (10.1016/j.jbankfin.2007.11.012)
- Abyankar, A., Copeland, L. S. and Wong, W. K. 1999. LIFFE cycles: intraday evidence from the FTSE-100 Stock Index futures market. European Journal of Finance 5(2), pp. 123-139. (10.1080/135184799337136)
- Wong, W. K. 1997. Frequency domain tests of multivariate Gaussianity and nonlinearity. Journal of Time Series Analysis 18(2), pp. 181-194. (10.1111/1467-9892.00045)
- Abyankar, A., Copeland, L. S. and Wong, W. K. 1997. Uncovering nonlinear structure in real-time stock-market indexes: the S&P 500, the DAX, the Nikkei 225, and the FTSE-100. Journal of Business & Economic Statistics 15(1), pp. 1-14. (10.1080/07350015.1997.10524681)
- Abyankar, A., Copeland, L. S. and Wong, W. K. 1995. Nonlinear dynamics in real-time equity market indices: evidence from the United Kingdom. The Economic Journal 105(431), pp. 864-880.
Monograffau
- Wong, W. K. and Copeland, L. S. 2008. Risk measurement and management in a crisis-prone world. Working paper. Social Science Research Network. Available at: http://dx.doi.org/10.2139/ssrn.1265285
- Wong, W. K., Fan, G. and Zheng, Y. 2012. Capturing Tail Risks Beyond VaR. Review of Pacific Basin Financial Markets and Policies 15(3), article number: 1250015. (10.1142/S0219091512500154)
- Clatworthy, M. A., Pong, C. K. M. and Wong, W. K. 2012. Auditor quality effects on the relationship between accruals, cash flows and equity returns: a variance decomposition analysis. Accounting and Business Research 42(4), pp. 419-439. (10.1080/00014788.2012.662791)
- Wong, W. K. 2010. Backtesting value-at-risk based on tail losses. Journal of Empirical Finance 17(3), pp. 526-538. (10.1016/j.jempfin.2009.11.004)
- Wong, W. K., Tan, D. and Tian, Y. 2009. Informed trading and liquidity in the Shanghai Stock Exchange. International Review of Financial Analysis 18(1-2), pp. 66-73. (10.1016/j.irfa.2008.11.002)
- Wong, W. K., Liu, B. and Zeng, Y. 2009. Can price limits help when the price is falling? Evidence from transactions data on the Shanghai Stock Exchange. China Economic Review 20(1), pp. 91-102. (10.1016/j.chieco.2008.09.002)
- Wong, W. K., Chang, M. C. and Tu, A. H. 2009. Are Magnet Effects Caused by Uninformed Traders? Evidence from Taiwan Stock Exchange. Pacific-Basin Finance Journal 17(1), pp. 28-40. (10.1016/j.pacfin.2008.03.001)
- Copeland, L. S., Wong, W. K. and Zeng, Y. 2009. Information-based trade in the Shanghai stock market. Global Finance Journal 20(2), pp. 180-190. (10.1016/j.gfj.2009.02.002)
- Wong, W. K. 2009. Backtesting the Tail Risk of VaR in Holding US dollar. Applied Financial Economics 19(4), pp. 327-337. (10.1080/09603100802167312)
- Wong, W. K. 2008. Backtesting trading risk of commercial banks using expected shortfall. Journal of Banking & Finance 32(7), pp. 1404-1415. (10.1016/j.jbankfin.2007.11.012)
- Copeland, L. S., Wong, W. K. and Zeng, Y. 2008. Information-based trade in the Shanghai stock market. Presented at: 15th Annual Global Finance Conference, Hangzhou, China, 18-20 May 2008.
- Abyankar, A., Copeland, L. S. and Wong, W. K. 1999. LIFFE cycles: intraday evidence from the FTSE-100 Stock Index futures market. European Journal of Finance 5(2), pp. 123-139. (10.1080/135184799337136)
- Abyankar, A., Copeland, L. S. and Wong, W. K. 1997. Uncovering nonlinear structure in real-time stock-market indexes: the S&P 500, the DAX, the Nikkei 225, and the FTSE-100. Journal of Business & Economic Statistics 15(1), pp. 1-14. (10.1080/07350015.1997.10524681)
- Abyankar, A., Copeland, L. S. and Wong, W. K. 1995. Nonlinear dynamics in real-time equity market indices: evidence from the United Kingdom. The Economic Journal 105(431), pp. 864-880.
Research
Research interests
- Financial markets
- Applied econometrics
- Risk management
- Investment management
PhD supervision research interests
- Applied econometrics
- Financial markets
- Investment management
- Risk management
Teaching
Teaching commitments
- Investment and Electronic Trading (MSc) : module leader
- Principles of Finance (MSc) : module leader
Biography
Qualifications
- Certified Financial Risk Manager (2004)
- PhD from University of Manchester (1993)
Professional memberships
- Global Association of Risk Professionals
