Michał Wojewódzki
"Probably the strongest finance professor in the world"
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Short Bio
Short Bio
Michał is an Associate Professor and a global citizen with 13 years of teaching experience across multiple disciplines. A Certified Management & Business Educator (CMBE) and SEDA-Recognised Leader in Technology-Enhanced Learning, he has taught undergraduate and master’s courses in Finance, Economics, Risk Management, Statistics, and Econometrics at institutions in the UK, China, Hong Kong, and the Middle East. His teaching interests include Corporate and International Finance, Financial Institutions & Markets, Investment & Portfolio Management, and FinTech.
Michał’s research addresses ten of the United Nations’ 17 Sustainable Development Goals (SDGs), a rare achievement that reflects the broad socioeconomic and environmental impact of his work. His work has been published in leading academic journals, including Energy Economics, The European Journal of Finance, Journal of International Financial Markets, Institutions and Money, Journal of Environmental Management, Technological Forecasting and Social Change, International Journal of Finance and Economics, and Financial Innovation.
Outside academia, Michał enjoys lifting hefty weights, hiking, and exploring the world with his wife and two children, Lily and Michael Jr.
Publications
Publications
Lau, C.K.M., Wojewodzki, M., Dai, X., and Wang, Q. (2025). Detecting the macro drivers in the Australian national electricity market asymmetric volatility co-movement. Energy Economics, 143, 108242. https://doi.org/10.1016/j.eneco.2025.108242.
Liu, L., Shahrour, M.H., Wojewodzki, M., and Rohani, A. (2025). Decoding Energy Market Turbulence: A TVP-VAR Connectedness Analysis of Climate Policy Uncertainty and Geopolitical Risk Shocks. Technological Forecasting and Social Change, 210, 123863. https://doi.org/10.1016/j.techfore.2024.123863.
Cheng, L, Cheong, T.S., Wojewodzki, M., and Chui, D. (2025). The effect of ESG divergence on the financial performance of Hong Kong-listed firms: an artificial neural network approach. Research in International Business and Finance, 73(A), 102616. https://doi.org/10.1016/j.ribaf.2024.102616.
Cheong, T.S., Tang, F., Cheng, A., Wojewodzki, M., and Chan, S. (2025). Long-term evolution of business ethics in Hong Kong. International Journal of Business Governance and Ethics, 19(1), 45-66. https://doi.org/10.1504/IJBGE.2025.142899.
Cheng, A., Cheong, T.S., and Wojewodzki, M. (2025). Linking the Dots: Housing Prices and Crime Rates Across Chinese Provinces. Economics Bulletin, 45(1), 544-554.
Shahrour, M.H., Rohani, A., Wojewodzki, M., and Tran, D.V. (2024). Carbon Performance and Financial Performance: How R&D Makes a Difference Pre- and Post-Paris Accord. International Journal of Finance and Economics, https://onlinelibrary.wiley.com/doi/epdf/10.1002/ijfe.3109.
Shahrour, M., Lemand, R., and Wojewodzki, M. (2024). Board diversity, female executives, and stock liquidity: Evidence from opposing cycles in the US. Review of Accounting and Finance, Ahead of print. https://doi.org/10.1108/RAF-01-2024-0014.
Li, Z., Shi, Y., Wojewodzki, M., Wei, Y., and Guo, M. (2024). The impact of new-type urbanization policy on urban green total factor productivity: New evidence from China. Sustainability, 16, 5220. https://doi.org/10.3390/su16125220.
Zeng, Y., Cheong, T.S., Wojewodzki, M., and Shi, X. (2024). Mapping the Dynamics of FDI in China: Convergence, Divergence, and Policy Insights within Free Trade Zones and Beyond. The Journal of International Trade & Economic Development, 1-19. https://doi.org/10.1080/09638199.2024.2339465.
Wei, Y., Wojewodzki, M., Cheong, T.S., and Shi, X. (2024). Cross-country distribution dynamics of carbon emissions and intensity: Before and after the global financial crisis. Review of Economic Analysis, 16 (3), 343-370. https://doi.org/10.15353/rea.v16i3.5332.
Linghu, J., Wojewodzki, M., and Cheong, T.S. (2024). Effects of information and communication technology on total-factor carbon emission efficiency and the health co-benefits. Frontiers in Public Health, 11. https://doi.org/10.3389/fpubh.2023.1301627.
Wei, Y., Li, Y., Chevallier, J., and Wojewodzki, M. (2024). The efficiency of China's carbon trading schemes: A tale of seven pilot markets. Commodities, 3(3), 355-375. https://doi.org/10.3390/commodities3030020.
Cheong, T.S., Wei, Y., Wojewodzki, M., and Shi, X. (2024). Transitional dynamics and long-run convergence of global carbon emissions and intensity vis-à-vis countries' industrial profiles. Green Finance, 6(4), 612-629. https://doi.org/10.3934/GF.2024023.
Cheng, L., Shen, J., and Wojewodzki, M. (2023). A cross-country analysis of corporate carbon performance: an international investment perspective. Research in International Business and Finance, 64, 101888. https://doi.org/10.1016/j.ribaf.2023.101888.
Liu, X., Wojewodzki, M., Cai, Y., and Sharma, S. (2023). The dynamic relationships between carbon prices and policy uncertainties. Technological Forecasting and Social Change, 188, 122325. https://doi.org/10.1016/j.techfore.2023.122325.
Wojewodzki, M., Cheong, T.S., Shen, J., and Cheng, L. (2023). Does corporate carbon performance converge in the global market? Evidence from a distribution dynamic approach. Journal of Environmental Management, 342, 118355. https://doi.org/10.1016/j.jenvman.2023.118355.
Wojewodzki, M., Wei, Y., Cheong, T.S., and Shi, X. (2023). Urbanisation, agriculture and convergence of carbon emissions nexus: Global distribution dynamics analysis. Journal of Cleaner Production, 385, 135697. https://doi.org/10.1016/j.jclepro.2022.135697.
Liu, X., Cheong, T.S., Yu, J., and Wojewodzki, M. (2022). Transitional dynamics and spatial convergence of house-price-to-income ratio in urban China. Economics Bulletin, 42(2), 979-989. https://www.accessecon.com/Pubs/EB/2022/Volume42/EB-22-V42-I2-P84.pdf
Liu, X., Yu, J., Cheong, T.S., and Wojewodzki, M. (2022). The future evolution of housing price-to-income ratio in 171 Chinese cities. Annals of Economics and Finance, 23(1), 159-196. https://down.aefweb.net/AefArticles/aef230107LiuYuCheongWojewodzki.pdf
Williams, A.D., Cheong, T.S., and Wojewodzki, M. (2022). Transitional dynamics and the evolution of information transparency: a global analysis. Estudios de Economìa, 49(1), 31-62. https://estudiosdeeconomia.uchile.cl/index.php/EDE/article/view/67360/70436
Cheong, T.S., Wu, Y., Wojewodzki, M., and Ma, N. (2021). The impacts of globalisation on inequality in the post-COVID-19 world: evidence from China. Frontiers in Public Health, 9. https://doi.org/10.3389/fpubh.2021.790312.
Lee, W.C., Shen, J., Cheong, T.S., and Wojewodzki, M. (2021). Detecting conflicts of interest in credit rating changes: a distribution dynamics approach. Financial Innovation, 7, 45. https://doi.org/10.1186/s40854-021-00263-z.
Wojewodzki, M., Boateng, A., and Brahma, S. (2020). Credit rating, banks' capital structure and speed of adjustment: a cross-country analysis. Journal of International Financial Markets, Institutions and Money, 69. 101260. https://doi.org/10.1016/j.intfin.2020.101260.
Wojewodzki, M., Poon, W., and Shen, J. (2018). The role of credit ratings on capital structure and its speed of adjustment: an international study. European Journal of Finance, 24(9), 735-760. https://doi.org/10.1080/1351847X.2017.1354900.
Papers under "revise and resubmit" (R&R)
Papers under "revise and resubmit" (R&R)
Impact of ESG performance on credit risk of Chinese manufacturing listed companies (with Y. Wang, X. Zhang, Y. Jian and F. AbiDaoud). International Journal of Finance and Economics
Public climate attention and European electricity prices systemic risk (with C.K. Lau and X. Dai). European Financial Management
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