News
Our 2025 Issue 03 Newsletter is available now!
Dear Friends: We would like to sincerely thank for your continuous support to the Asia-Pacific Academy of Economics and Management (APAEM) at the University of Macau (UM). Please find our 2025 Issue ...
Dr. Arthur Lau, Adjunct Professor (in practice) at APAEM, visits the academy to explore new pathways for hospitality industry-academia collaboration
Prof. Rob Law and Dr. Arthur Lau On December 9, Dr. Arthur Lau, Adjunct Professor (in practice) of the Asia-Pacific Academy of Economics and Management (APAEM) at the University of Macau (UM), visi ...
Prof. Rob Law interviewed by UMagazine on how Smart Tourism research drives industry transformation
Prof. Rob Law UM APAEM offers valuable insights for the Macao government and the tourism industry through organising international symposiums In today’s challenging economic climate, innovation an ...
Event Recap | Guest Lecture
Ms. Dora VONG Using real case studies, Ms. VONG demonstrated how banks assess cross-border project financing Q&A session On November 28, 2025, the Department of Economics of the Faculty of So ...
UM professors deliver lecture in Cape Verde
UM professors deliver a lecture at the University of Cape Verde A group photo Professors from the University of Macau (UM)’s Faculty of Business Administration (FBA), namely Professor Davis Fong ( ...
Selected Publications
| 1 | Bailey, W. B., Cao, X., Yang, Z., & Zhou, S. (2024). Who leads and who follows? The cross-border peer effect in investment by Chinese and US firms. Journal of International Economics, 147, 103875. |
| 2 | Chen, H., Fei, Y., & Yu, J. (2025). Multivariate Stochastic Volatility Models Based on Generalized Fisher Transformation. Journal of Econometrics, 251,106041. |
| 3 | Chen, M., Ren, J., & Zhao, J. (2024). The impact of corporate culture on stock price crash risk: a firm-level analysis. International Journal of Accounting & Information Management, 32(1), 1-18. |
| 4 | Chu, A. C., Liao, C. H., & Peretto, P. F. (2025). Dynamic effects of labor income taxation in an unequal Schumpeterian economy. European Economic Review, 178, 105071. |
| 5 | Ding, Y., Engle, R., Li, Y., & Zheng, X. (2025). Multiplicative factor model for volatility. Journal of Econometrics, 249, 105959. |
| 6 | Wang, Y., Guo, R., Song, M., & Law, R. (2025). Digital resurrection technology in destination promotion. Annals of Tourism Research, 110, 103888. |
| 7 | Wang, Z., & Du, L. (2025). Cross-Border Health Data Transfer for Scientific Research Purposes in China: Legislation, Practice, and Challenges. In International Transfers of Health Data: A Global Perspective Singapore: Springer Nature Singapore, 159-179 |
| 8 | Zhang, X., Zhang, X., Liang, S., Yang, Y., & Law, R. (2025). Why restaurants survive? A perspective of word-of-mouth dispersion. Tourism Management, 109, 105132. |





