Michal Wojewodzki
Short Bio
Michal Wojewodzki is an Assistant Professor of Banking and Fintech. As a global citizen, he has working and educational experience in Europe, Southeast Asia and, most recently, the Middle East. Michal is a Certified Management & Business Educator (CMBE). Michal taught 30 undergraduate and master-level courses in Finance, Economics, Risk Management, Statistics and Econometrics and successfully supervised over 60 bachelor's and master's theses. His teaching interests include Financial Management, Corporate Finance, International Finance, and Financial Institutions & Markets. He has published in leading academic journals such as European Journal of Finance, Journal of International Financial Markets Institutions and Money, Journal of Environmental Management, Technological Forecasting and Social Change, and Journal of Cleaner Production. Beyond academia, Michal enjoys lifting hefty weights, hiking and exploring the world with his wife and two kids (Lily and Michael Jr).
Publications
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. DOI: 10.3389/fpubh.2023.1301627
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., 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
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
Cheong, T.S., Tang, F., Cheng, A., Wojewodzki, M., and Chan, S. (2023). Long-term evolution of business ethics in Hong Kong. International Journal of Business Governance and Ethics, In press, DOI: 10.1504/IJBGE.2023.10055419
Liu, X., Cheong, T.S., Yu, J., and Wojewodzki, M. (2023). Transitional dynamics and spatial convergence of house-price-to-income ratio in urban China. Economics Bulletin, Accepted
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
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. http://aeconf.com/Articles/May2022/aef230107.pdf
Cheong, T.S., Y. Wu, M. Wojewodzki, and N. Ma. (2021). The impacts of globalization on inequality in the post-COVID-19 world: evidence from China. Frontiers in Public Health, 9. doi.org/10.3389/fpubh.2021.790312
Lee, W.C., J. Shen, T.S. Cheong, and M. Wojewodzki. (2021). Detecting conflicts of interest in credit rating changes: a distribution dynamics approach. Financial Innovation, 7(45). doi.org/10.1186/s40854-021-00263-z
Wojewodzki, M., A. Boateng, and S. Brahma. (2020). Credit rating, banks' capital structure and speed of adjustment: a cross-country analysis. Journal of International Financial Markets, Institutions and Money, 69, 101260. doi.org/10.1016/j.intfin.2020.101260
Wojewodzki, M., W. Poon, and J. Shen. (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. doi.org/10.1080/1351847X.2017.1354900
Working Papers (completed, submitted, or under review)
1. Board diversity, female executives, and stock liquidity: Evidence from opposing cycles in the US. (with M. Shahrour and R. Lemand). Revise and Resubmit at Review of Accounting and Finance
2. Long-run convergence and transitional dynamics of China's prefectural FDI: Free trade zones and regional perspectives (with Y. Zeng, T.S. Cheong and X. Shi) – Revise and Resubmit at The Journal of International Trade & Economic Development
3. Cross-country distribution dynamics of carbon emissions and intensity: Before and after the global financial crisis. (with T.S. Cheong, Y. Wei and X. Shi) - Revise and Resubmit at Review of Economic Analysis
4. Crime rate and housing prices in China. (with A. Cheng and T.S. Cheong) - Revise and Resubmit at Economics Bulletin
5. Impact of AI and IoT on the energy-focused sectors: Fresh insights from Quantile-spectral coherence. (with S. Tiwari, R. Khalfaoui and G. Mentel) under review at Energy Economics
6. The Effect of ESG Divergence on The Financial Performance of Hong Kong-Listed Firms: An Artificial Neural Network Approach. (with T.S. Cheong, L. Cheng and D. Chui) - under review at Research in International Business and Finance
7. Effects of environmental policies on enterprise green technology innovation and green competitiveness: A review and proposal for more integrated research. (with Y Wei, Y Li, X Zheng and M Sun) - under review at Scientometrics
8. Transitional dynamics and long-run convergence of global carbon emissions and intensity vis-à-vis countries' industrial profiles. (with T.S. Cheong, Y. Wei and X. Shi) - under review at Environmental Science and Pollution Research
9. Emissions trading scheme and enterprise technology innovation: A scientometric study. (with Y. Wei, Y. Li, Y. Zhou, D. Guo and M Sun) - under review at Applied Energy
10. The effect of digital finance on carbon emission efficiency: Evidence from 252 Chinese cities. (with J Linghu and C. Guo). Under review at Environmental Science and Pollution Research
11. Does investor-pay rating coverage lead to rating conservatism from the issuer-pay credit rating agencies? (with J. Shen). Target journal: Review of Corporate Finance Studies
12. Emissions trading scheme (ETS) and corporate green innovation: Evidence of Chinese listed companies. (with Y. Wei). Target journal: Technological Forecasting and Social Change
13. The efficiency of China's carbon trading schemes: A tale of seven pilot markets. (with Y. Wei, Y. Li and J. Chevallier). Target journal: Research in International Business and Finance
14. Detecting the macro drivers of the asymmetric interplay among Australian electricity markets’ volatility (with X. Dai and M. Lau). Target journal: Technological Forecasting and Social Change
Work in Progress
1. The effects and limitations of bank deposit ratings on market discipline: global evidence. (with A. Boateng, J. Cao and J. Shen)
2. Banks' capital, credit ratings, and asymmetric information: international evidence. (with A. Boateng)
3. Credit ratings, capital buffers and regulation (sole author)
4. The evolution of FDI in China: An application of the distribution dynamics analysis (with Y. Zeng, T.S. Cheong and X. Shi)
5. Long-run corporate social responsibility convergence and Chinese firms. (with T.S. Cheong and J. Shen)
6. Does corporate carbon performance converge within and across industries? A global study (with L. Cheng, T.S. Cheong and J. Shen)
7. Politics and corporate carbon performance in the US market. (with L. Cheng and J. Shen)
8. Greening the bottom line: The moderating effect of R&D in carbon emissions-firm performance nexus (with M. Shahrour and A. Rohani)
9. Impact of geopolitical and economic policy uncertainties on energy prices: Insights from time-varying spillover and NARDL analysis (with C.K.M. Lau, M. Shahrour and A. Rohani)
10. Impact of ESG performance on the credit risk of Chinese manufacturing listed companies (with Y. Wang, X. Zhang, Y. Jian, B. Xian, and Y. Xu)