Professor Lau is currently Associate Professor of Finance and Head of the Division of Banking and Finance at Nanyang Business School, Nanyang Technological University. Professor Lau teaches investments and financial management and his current research interests mainly deal with issues relating to the international financial markets. Professor Lau’s research has been published in reputable finance journals including the Journal of Finance, Journal of Banking and Finance, Journal of International Money and Finance, Journal of Financial Research, Financial Review, Pacific-Basin Finance Journal, Journal of Business Finance and Accounting, Journal of Multinational Financial Management, Global Finance Journal, International Review of Financial Analysis, Economics Letters, and Journal of International Business Studies. In addition, his research findings have been presented in leading financial conferences and meetings in the U.S., Europe, Australia and Asia. As of end 2007, based on Google Scholar, his work has been cited more than 200 times. Professor Lau is also an ad-hoc referee to more than 10 finance journals, an advisory committee (Finance) member for World Scientific Publishing, and an ad-hoc reviewer for several publishing companies. Professor Lau has been with Nanyang Technological University since 1992. In between, he had also spent a year as Visiting Professor of Finance at the University of Memphis in Tennessee.

Publications:

Comerton-Forde Carole, Sie Ting Lau and Thomas McInish, Opening and Closing Behavior Following the Introduction of Call Auctions in Singapore, Pacific-Basin Finance Journal, Vol. 15, pp. 18-35, 2007.

Yang, Ting and Sie Ting Lau, Choice of Foreign Listing Location: Experience of Chinese Firms, Pacific-Basin Finance Journal, Vol. 14(3), pp. 311-326, 2006.

Covrig, Vicentiu M., Sie Ting Lau, and Lilian Ng, Do Domestic and Foreign Fund Managers Have Similar Preferences for Stock Characteristics? A Cross-Country Analysis, Journal of International Business Studies, Vol.37, pp. 407-429, 2006.

Yang, Ting and Sie Ting Lau, U.S. Cross-Listing and China’s B-Share Discount, Journal of Multinational Financial Management, Vol. 15 (No. 4/5), pp. 334-353, October/December 2005.

Chan, Kalok, Allaudeen Hameed, and Sie Ting Lau, What if Trading Location is Different from Business Location? Evidence from the Jardine Group, Journal of Finance, Vol. LVIII (No. 3), pp. 1221–1246, June 2003.

Lau, Sie Ting and Thomas H. McInish, Ownership of Cross-Listed Securities: An Investigation of Turnover, Trading Behavior, and Diversification Benefits, Financial Review, Vol. 38 (No. 1), pp. 151-160, February 2003.

Lau, Sie Ting and Thomas H. McInish, IMF Bailouts, Contagion Effects, and Bank Security Returns, International Review of Financial Analysis, Vol. 12 (Issue 1), pp. 3-23, 2003.

Lau, Sie Ting and Thomas H. McInish, Share Value, Trading Volume and Location of Trade: Evidence from Jardine Group Listings in Hong Kong and Singapore, Journal of Banking and Finance, Vol. 27 (Issue 8), pp. 1411-1425, August 2003.

Lau, Sie Ting and Thomas H. McInish, Cross Listings and Home Market Trading Volume: The Case of Malaysia and Singapore, Journal of Financial Research, Vol. XXV (No. 4), pp. 477-484, Winter 2002.

Lau, Sie Ting, Chee Tong Lee, and Thomas H. McInish, Stock Returns and Beta, Firms’ Size, E/P, CF/P, Book-to-Market, and Sales Growth: Evidence from Singapore and Malaysia, Journal of Multinational Financial Management, Vol. 12 (No. 3), pp. 207-222, July 2002.

Ding, David K. and Sie Ting Lau, An Analysis of Transactions Data for the Stock Exchange of Singapore: Patterns, Absolute Price Change, Trade Size and Number of Transactions, Journal of Business Finance and Accounting, Vol. 28, Issue 1-2, pp. 151-174, January 2001.

Frino, Alex, Sie Ting Lau, and Thomas H. McInish, Opening Prices on the ASX and the SES, Advances in Pacific Basin Financial Markets (edited by Theodore Bos and Thomas Featherston), Vol. VI, pp. 71-80, Greenwood, CT: JAI Press, Inc., 2000.

Ding, David K., Frederick H. deB. Harris, Sie Ting Lau, and Thomas H. McInish, An Investigation of Trading in Malaysia and Singapore: Price Discovery in Informationally-Linked Markets, Journal of Multinational Financial Management, Vol. 9 (No. 3-4), pp. 317-329, November 1999.

Lau, Sie Ting and Thomas H. McInish, Administration of Foreign Share Ownership Restrictions, Review of Pacific Basin Financial Markets and Policies, Vol. 1 (No. 4) pp. 497-509, December 1998.

Lau, Sie Ting, Michael S. McCorry, and Thomas H. McInish, Liquidity and Foreign Ownership Restrictions, Economics Letters, Vol. 56 (No. 1) pp. 85-88, 1997.

Lau, Sie Ting, Michael S. McCorry, Thomas H. McInish, and Robert A. Van Ness, Trading of NASDAQ Stocks on the Chicago Stock Exchange, Journal of Financial Research, Vol. 19 (No. 4) pp. 579-584, Winter 1996.

Frino, Alex, Sie Ting, Lau, and Thomas H. McInish, What is the Best Way of Opening an Electronic Market? ASX (Australian Stock Exchange) Perspective, pp. 48-51, 1st Quarter 1996.

Lau, Sie Ting and Thomas H. McInish, Reducing Tick Size on the Stock Exchange of Singapore, Pacific Basin Finance Journal, Vol. 3 (No. 4) pp. 485-496, December 1995.

Diltz, J. David and Sie Ting Lau, Factors Associated With Dual Equity Listings, International Journal of Finance, Vol. 6 (No. 3) pp. 825-844, December 1994.

Lau, Sie Ting and J. David Diltz, Stock Returns and the Transfer of Information Between the New York and Tokyo Stock Exchanges, Journal of International Money and Finance, Vol. 13 (No. 2) pp. 211-222, April 1994.

Lau, Sie Ting, J. David Diltz and Vincent P. Apilado, Valuation Effects of International Stock Exchange Listings, Journal of Banking and Finance, Vol. 18 (No. 4) pp. 743-755, September 1994. Selected and abstracted by ISFA Digest, Vol. 7 (No. 2) pp. 43-44, Spring 1995.

Lau, Sie Ting and Thomas H. McInish, Comovements of International Equity Returns: A Comparison of the Pre- and Post-October 19, 1987 Periods, Global Finance Journal, Vol. 4 (No. 1) pp. 1-19, Spring 1993. Selected and abstracted by ISFA Digest, Vol. 5 (No. 3) pp. 27-29, Winter 1994.

Professional Meetings:

Lau, Sie Ting, Lilian Ng and Bohui Zhang, What Drives the Variation in Equity Risk Premia Around the World?

• Asian Finance Association/Nippon Finance Association International Conference, Yokohoma, Japan, 2008
• China International Conference in Finance, Dalian, China, 2008
• International Finance Conference, Queen’s University, Kingston, Ontario, 2008

Lau, Sie Ting, Lilian Ng and Bohui Zhang, The World Price of Home Bias.

• 3rd McGill Conference on Global Asset Management, Montreal, Canada, 2007
• Western Finance Association annual meetings, Big Sky, Montana, 2007
• China International Conference in Finance, Chengdu, China, 2007
• 37th Annual Meeting of the Financial Management Association, Orlando, 2007

My current research interests mainly deal with issues relating to the international financial markets. They include issues concerning geographic proximity and home bias, international stock exchange listing and international mutual funds. Most of my research work is empirical in nature and I mainly deal with equity data from stock exchanges all over the world (see, for example, a co-authored paper (with Lilian Ng and Vicentiu Covrig) in the Journal of International Business Studies (2006)). I have also written about ten papers based on data from Singapore stock exchange. They include the introduction of call auction in Singapore (Pacific-Basin Finance Journal, 2007), discontinuation of trading of Malaysian shares in Singapore (Financial Review (2002) and Journal of Financial Research (2003)), price discovery (Journal of Multinational Financial Management, 1999), foreign ownership restrictions (Economics Letters, 1997), and tick size reduction in Singapore (Pacific-Basin Finance Journal, 1995). I have also written two papers using Chinese stock market data (Pacific-Basin Finance Journal (2006) and Journal of Multinational Financial Management (2004)). My best paper so far is a co-authored paper (with Kalok Chan and Allaudeen Hameed) in the prestigious Journal of Finance (2003). In this paper, we examine the price behavior and market activity of a group of Hong Kong companies which were delisted from the Hong Kong stock exchange to be listed on the Singapore stock exchange. Our results support the conjecture that stock price fluctuations are affected by country-specific investor sentiment. I hope to write more papers of this quality. A spinoff of this paper is published in the Journal of Banking and Finance (2003) and coauthored with Thomas McInish. Tom and I have coauthored more than 10 papers and a number of them are market microstructure papers. Many of my research papers have to do with international stock exchange listing – the listing of stocks on the home market as well as overseas market(s). Two very decent papers from my earlier work are based on this topic (Journal of International Money and Finance (1994) and Journal of Banking and Finance (1994)).