Keynote Speaker I
Prof. Michael McAleer
National Tsing Hua University, Taiwan
Michael McAleer holds a PhD (Economics), 1981, from Queen´s University, Canada. He is University Distinguished Chair Professor, Department of Quantitative Finance, National Tsing Hua University, Taiwan, Erasmus Visiting Professor of Quantitative Finance, Econometric Institute, Erasmus School of Economics, Erasmus University Rotterdam, The Netherlands, Adjunct Professor in the Department of Quantitative Economics, Complutense University of Madrid (founded 1293) , Spain, Adjunct Professor in the Department of Mathematics and Statistics at the University of Canterbury, New Zealand, and IAS Adjunct Professor, Institute of Advanced Sciences, Yokohama National University, Japan. On numerous occasions, he has been a distinguished visiting professor at the University of Tokyo, Kyoto University and Osaka University, Japan, University of Padova (founded 1222), Italy, Complutense University of Madrid (founded 1293), Spain, Ca' Foscari University of Venice, Italy, University of Zurich, Switzerland, Chinese University of Hong Kong, and Hong Kong University of Science and Technology. He is an elected Distinguished Fellow of the International Engineering and Technology Institute (DFIETI), and an elected Fellow of the Academy of the Social Sciences in Australia (FASSA), International Environmental Modelling and Software Society (FIEMSS), Modelling and Simulation Society of Australia and New Zealand (FMSSANZ), Tinbergen Institute, The Netherlands, and Journal of Econometrics. He is the Editor-in-Chief of five international journals, is on the editorial boards of a further 37 international journals, and has guest co-edited numerous special issues of the Journal of Econometrics (Elsevier), Econometric Reviews (Taylor and Francis), Mathematics and Computers in Simulation (Elsevier), North American Journal of Economics and Finance (Elsevier), International Review of Economics and Finance (Elsevier), Annals of Financial Economics (World Scientific), Journal of Risk and Financial Management (MDPI), Journal of Economic Surveys (Wiley), and Economic Record (Wiley). In terms of academic publications, he has published more than 675 journal articles and books in financial econometrics, quantitative finance, risk and financial management, economics, theoretical and applied econometrics, theoretical and applied statistics, time series analysis, energy economics, energy finance, forecasting, informatics, data mining, bibliometrics, and international rankings of journals and academics.
Keynote Speech Title:
Modelling Volatility Spillovers for Bio-ethanol, Sugarcane and Corn Spot and Futures Prices
Abstract: The recent and rapidly growing interest in biofuel as a green energy source has raised concerns about its impact on the prices, returns and volatility of related agricultural commodities. Analyzing the spillover effects on agricultural commodities and biofuel helps commodity suppliers hedge their portfolios, and manage the risk and co-risk of their biofuel and agricultural commodities. There have been many papers concerned with analyzing crude oil and agricultural commodities separately. The purpose of this paper is to examine the volatility spillovers for spot and futures returns on bio-ethanol and related agricultural commodities, specifically corn and sugarcane. The diagonal BEKK model is used as it is the only multivariate conditional volatility model with well-established regularity conditions and known asymptotic properties. The daily data used are from 31 October 2005 to 14 January 2015. The empirical results show that in 2 of 6 cases for the spot market, there were significant negative co-volatility spillover effects, specifically corn on subsequent sugarcane co-volatility with corn, and sugarcane on subsequent corn co-volatility with sugarcane. In the other 4 cases, there are no significant co-volatility spillover effects. There are significant positive co-volatility spillover effects in all 6 cases, namely between corn and sugarcane, corn and ethanol, and sugarcane and ethanol, and vice-versa, for each of the three pairs of commodities. It is clear that the futures prices of bio-ethanol and the two agricultural commodities, corn and sugarcane, have stronger co-volatility spillovers than their spot price counterparts. These empirical results suggest that the bio-ethanol and agricultural commodities should be considered as viable futures products in financial portfolios for risk management.
Prof. HO Wing Chung
City University of Hong Kong
Wing-Chung HO is associate professor of sociology at City University of Hong Kong and holds a PhD
in anthropology from SOAS, University of London. He has published broadly on community studies and
social problems in relation to different marginal groups in Hong Kong and Chinese societies. His
academic articles appear in The China Quarterly, Journal of Contemporary Ethnography, Journal of
Contemporary China, Journal of Contemporary Asia, Modern Asian Studies, Journal of Social History
and The Asia Pacific Journal of Anthropology.
He is also Convenor of a Hongkong-based charity called Institute for Integrated Rural Development (IRD) (www.harvest.org.hk). IRD aims at promoting social, cultural, and economic development in poverty-stricken regions of China, through financial support, research, and project development. IRD has been supporting students in rural Hunan since 1995.
Keynote Speech Title:
What Went Wrong?: The Hong Kong-China Relation Changing from Integration to Clash
Abstract: As a Hong Kong-Chinese born in the early 1970s, the author still has a vivid memory of twenty-five years ago when over HK$400 million was raised in the Hong Kong society in support of the serious flooding in East China. The Hong Kong-China relation was then described as “blood is thicker than water” (xuenong yushui). Some years after the handover, the author also remembers how Hongkongers appreciated the assistance of the Chinese government amid the economic downturn in the mid-2000s, and came to call the central government as “grandfather” (a ye). So, what went wrong as the Hong Kong-China relation became so tense during the Umbrella Movement (UM) in 2014? Based on latest sociological conceptualization of events put forward by Ivailo Znepolski (2015), the author argues that UM was not a single, contingent political incident, but represented a structural change in Hongkongers’ perceived relation with the Chinese government, which was deeply connected with specific cultural, economic and political contexts of the Hong Kong society. In conclusion, the author suggests that Hongkongers’ cultural perception of the closing-in of power distance seems to be a key determinant of the perceived Hong Kong-China relation in the past three decades.
Prof. D. Lance Revenaugh
Montana Tech University, Butte, MT USA
Lance Revenaugh is an Associate Professor of Business and Information Technology at Montana Tech University in Butte, Montana in the US where he primarily teaches management and information technology courses. His education includes a PhD in Decision and Information Systems from Arizona State University and BBA-Management and MBA degrees from Baylor University. He has been in full-time higher education since 1985, having served at the Air Force Institute of Technology, Wilberforce University, Thunderbird--The American Graduate School of International Management, City University of Hong Kong, and Biola University.
Dr. Revenaugh has many journal publications, book chapters, and panels, and has presented at conferences around the world. His research is focused on implementation of major organizational change. Specific areas of research include enterprise systems, global information management, IS strategy implementation, and business process reengineering. His most recent focus has been on introducing numerous undergraduate students to research and guiding their development. This has resulted in multiple student conference presentations and journal publications.
Keynote Speech Title:
Continuing to Live in the Information Age: Questions to Ponder
Abstract: For at least the last 40 years we have lived in the Information Age. It has been built on the premise that more information is nearly always better and results in better decisions. However, reality has shown that this not necessarily true. The recent presidential election in the United States is a current example. More data than ever before was analyzed using the latest big data and analytics tools in order to more accurately predict the outcome of the election. The result was that almost all polls and projections stated that Hillary Clinton would win the election. However, Donald Trump was elected president by a substantial margin. Was the pre-election data wrong? Was the data poorly analyzed? Was it the methodology or tools? Or did the data simply change (people changed their mind after supplying data for the analysis)?
This talk will address the exponentially increasing flood of information into our lives and organizations and pose questions as to how we can properly handle the overwhelming amount of information available. Some questions include: When is it better to have less information? How important is it to know the true source of the information we are receiving? What do we really know compared to what we think we know? What information should be kept private? Will Big Data analytics fulfill its promise of eliminating some of the human element in intermediate information processing? What is the role of research and academia in helping or hindering better use of information? In short, this talk will explore how we can handle more information, both individually and organizationally, in ways that result in truly better decisions.