Dr Shuxing Yin
Senior Lecturer in Finance
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Shuxing holds a BSc in Finance from Sichuan University (China), a MSc in International Securities and Investment Banking from University of Reading, and a PhD from the University of Manchester. Before joining the School of Management in February 2009, she worked as Senior Lecturer in Finance at University of Hertfordshire. Her previous work experience also includes employment in the Investment Banking Division for Western Securities Company in China.
Teaching
Shuxing is the module leader of a third year undergraduate finance module:
- MGT 321 Corporate Finance
The course covers more advanced topics in corporate finance, such as financing and investment decisions under asymmetric information, valuation techniques for investment appraisal such as real option pricing. Equity financing, hybrid financing, and mergers & acquisitions are discussed. The efficient market hypothesis is challenged and an alternative approach to finance, behavioural finance, is reviewed.
She is also the module leader of a core module in the MSc Accounting and Finance:
- MGT 6097 Corporate Finance
The purpose of the course is to give a solid foundation in principles of corporate finance and asset pricing to understand and analyse the major issues affecting the financial policies of corporations. More specifically, the following topics will be dealt with: the time value of money, valuation of bond and equity, capital budgeting techniques, risk/return tradeoffs, portfolio theory, capital structure, payout policy, sources of financing and market efficiency.
Research Interests
Shuxing's research interests include corporate finance, corporate governance, market efficiency and anomalies. She has acted as referee for Journal of Corporate Finance, Journal of International Financial Markets, Institutions and Money, British Accounting Review, European Journal of Finance.
She welcomes PhD applicants in the field of corporate finance, particularly focusing on Chinese (mainland and Hong Kong) markets, initial public offerings and market efficiency.
Publications
Wood. G., Mazouz, K., Yin, S., & Cheah, J. (2013). Foreign direct investment from emerging markets to Africa-the HRM context, Human Resource Management (US), manuscripts accepted.
Mazouz, K., Agyei-Ampomah, S., Saadouni, B., & Yin, S. (2012). Stabilization and the aftermarket prices of initial public offerings. Review of Quantitative Finance and Accounting, 1-23. doi:10.1007/s11156-012-0315-y
Agyei-Ampomah, S., Mazouz, K., & Yin, S. (2012). The foreign exchange exposure of UK non-financial firms: A comparison of market-based methodologies. International Review of Financial Analysis. doi:10.1016/j.irfa.2012.05.006
Mazouz, K., Alrabadi, D. W. H., & Yin, S. (2012). Systematic liquidity risk and stock price reaction to shocks. Accounting and Finance, 52(2), 467-493. doi:10.1111/j.1467-629X.2011.00403.x
Goergen, M., Mazouz, K., & Yin, S. (2010). Price, volume and spread effects associated with the expiry of lock-in agreements. Evidence from the Hong Kong IPO market. Pacific Basin Finance Journal, 18(5), 442-459. doi:10.1016/j.pacfin.2010.05.001
Mazouz, K., Alrabadi , D., Freeman, M., Yin, S. (2010). Systematic Liquidity Risk and Asset Pricing: Evidence from London Stock Exchange. International Journal of Banking, Accounting and Finance, 2(4), pp. 387-403. doi 10.1504/IJBAAF.2010.037156
Mazouz, K., Saadouni, B., & Yin, S. (2009). Offering methods and issuer-oriented underpricing costs: Evidence from the Hong Kong IPO market. Journal of International Financial Markets, Institutions and Money, 19(5), 937-949. doi:10.1016/j.intfin.2009.07.005
Mazouz, K., Saadouni, B., & Yin, S. (2008). The long-term performance of Hong Kong share-only and unit initial public offerings (IPOs). Journal of Multinational Financial Management, 18(3), 209-228. doi:10.1016/j.mulfin.2007.08.002
Mazouz, K., Saadouni, B., & Yin, S. (2008). Warrants in IPOs: Evidence from Hong Kong. Pacific-Basin Finance Journal, 16(5), 539-554. doi:10.1016/j.pacfin.2007.11.003,