Chi-Wing "Robert" Fok, P.hd.

  • Professor - Finance
  • Business Department
  • Ph.D., University of Alabama, 1992
  • PHONE: (262) 595-2460
  • EMAIL: fok@uwp.edu
Chi-Wing Fok


  • Corporate Finance
  • Financial Institutions
  • International Financial Management
Dr. Fok is a Full Professor of Finance at UW-Parkside. He received a master's degree and a Ph.D. degree in Finance from the University of Alabama. He held faculty positions at Feng Chia University (Taiwan), National Chung Cheng University (Taiwan), and Shippensburg University (Pennsylvania) before joining UW-Parkside. Currently, he teaches International Financial Management (MBA and undergraduate), Managerial Finance, and Management of Financial Institutions. Dr. Fok has published in a wide variety of academic journals including Financial Management, Journal of Financial Research, Journal of Empirical Finance, Journal of Real Estate Economics and Finance, Journal of Real Estate Research, Journal of Business Finance & and Accounting, European Journal of Operational Research, Journal of Consumer Marketing, International Review of Economics and Finance, Journal of Financial Education, and Financial Practice and Education.

Teaching Interests

Corporate Finance, Financial Institutions, and International Financial Management

Research Interests

Initial public offerings, the efficiency of financial institutions, banking relationship, international financial markets, and pedagogical research in finance.

Consulting Interests

Selected Publications

2021: “The Determinants of High-Interest Entrusted Loans in China.” (with Yan Yu and Yi-Tsung Lee) Journal of Business Finance and Accounting. (ABDC journal ranking: A*), (405-430 pp.)

2020: “Do cross-border mergers and acquisitions affect acquirers’ trade credit? Evidence from an emergence market.” (with Ying, Li and Yue, Han) International Review of Economics and Finance (ABDC journal ranking: A), (423-439. pp.)

2019: The anchoring effect of underwriters’ proposed price ranges on institutional investors’ bid prices in IPO auctions: Evidence from China, International Review of Economics and Finance (111-127 pp.)

2016: The wealth effects of oil-related name changes on stock prices: Evidence from the U.S. and Canadian stock markets, Journal of International Financial Markets, Institutions and Money (26-45 pp.)

2015: Out of sight, not out of mind: The evidence from Taiwan mutual funds, International Review of Economics and Finance (138-156 pp.)

2015: Using books by prolific investors for teaching an investment course, Advances in Financial Education (26-37 pp.)

2015: Demographics, Family/Social Interaction, and Household Finance, Economics Letters (pp. 194-196 pp.)

2014: Hedging Costs, Liquidity, and Inventory Management: The Evidence from Option Market Makers, Journal of Financial Markets (25-48 pp.)

2011: An analysis of Lockups in REIT IPOs, Journal of Real Estate Fiancne and Economics (350-384 pp.)

2010: Existence and Persistence of the Week-of-the-Month Effect in Asian Stock Markets, The Journal of International Business Research and Practice (21 pp.)

2010: Issuers' Incentive and Tests of Baron's Model of IPO Underpricing, Review of Quantitative Finance and Accounting (pp.71-87 pp.)

2009: Effects of Employee Stock Bonuses on Technical Efficiency: evidence from Taiwan's Electronic Industry, NTU Management Review (331-353 pp.)

2008: Research Productivity and Finance Editorial Board Membership, Review of Quantitative Finance and Accounting (225-240 pp.)

2006: Divergent Expectations and Close-end Funds: Evidence from Post-Asian Financial Crisis Period, Journal of Eemrging Markets (10 pp.)

: Dynamic Linkages between Exchange Rates and Stock Prices: Evidence from the Asian Finanical Crisis of 1997, International Review of Economics and Finance (33 pp.)

: Why Do Underwriters Charge Low Underwriting Fees for Initial Public Offerings in Taiwan?, Journal of Business, Finance and Accounting (46 pp.)

2004: Bank Relationships and Their Effects on FImr PErformance Around the Asian Financial Crisis: Evidence from Taiwan, Finanical Management Association International (23 pp.)

Service Awards

2019: Nominated: Advising Excellent Award (2012-2013, 2018-2019 academic years),
2019: Email from Advising and Learning Center:

"Dear Chi Wing,

On behalf of the Committee on Advising, we are pleased to let you know that you were nominated for the Advising Excellence Award for the 2018-19 academic year. While you were not selected to receive the award, we greatly appreciate your commitment to advising excellence. We have included the comments from your nomination(s) for you.

He takes the time to formalize a student academic plan for upcoming semester classes. He is willing to answer any questions the student may have. He also invests time to understand the student's future academic plans. Overall, he demonstrates more than an interest in the student's academic achievement.

Best Regards,

The Advising and Career Center
, Nominated for the Advising Excellence Award for the 2018-19 academic year, University, University of Wisconsin-Parkside
2013: Nominated for 2012-2013 Advising Award, University of Wisconsin-Parkside
2001: Milton Mills Faculty Research Award, Shippensburg University (2001),
2000: Best Paper Award of the First Annual Conference on Empirical Economics, Taiwan, (April, 2000),

Departmental Service

2020: Chairperson - Search and Screen Committee for the position of Assistant/Associate/Full Professor in Finance
2019: Committee Member - Business Department Math Competence Task Forces
2019: Chairperson - Service Merit Policy Review Committee
2019: Committee Member - FEI Scholarship Committee
2019: Committee Member - Undergraduate Appeals Committee
2019: Committee Member - Search and Screen Committee
2018: - Member, Undergraduate Curriculum and Assessment Committee
2017: Committee Member - UG Curriculum & Assessment Committee
2013: Task Force Member - A task force that recommended changes in general business concentration implementation of management concentration
2011: Committee Chair - Search and Screen Committee
2011: Committee Chair - Teaching Evaluation Redesign Committee
2007: Committee Member - Search Committee
2007: Committee Member - MBA Curriculum & Assessment Committee
2006: Committee Member - Undergraduate curriculum and assessement committee
2005: Committee Member - Undergraduate Cirriculum Committee

College Service

2011: Committee Member - Research Seminar Series Committee
2009: Committee Member - Screening Committee for the position of Accounting Lecturer
2007: Committee Member - Search committee for Associate Dean
2006: Committee Member - Screening Committee for the position of Director of SEG Center and Global Education Center

University Service

2019: Committee Member - Academic Policy Committee
2018: Committee Member - Search and screen committee for the position of Financial Controller
2014: Committee Member - CRCA
2009: Committee Member - Academic Achievement Assessment Committee
2006: - Member, Academic Achievement Assessment Committee
2006: Committee Member - Search Committee for Financial Aid Office

Professional Service

2015: - Midewest Financial Association
2004: - Review for academic journals
BUS 494 - Internship in Business
FIN 330 - Managerial Finance
FIN 336 - Mgt of Financial Institutions
FIN 437 - International Financial Mngt
FIN 494 - Internship
MBA 735 - International Financial Mgmt
MBA 799 - Independent Study & Research:
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