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A/Prof. Victor Fang

STAFF PROFILE

Position

Associate Professor

Faculty

Faculty of Business and Law

Department

BL Deakin Business School

Campus

Melbourne Burwood Campus

Contact

v.fang@deakin.edu.au
+61 3 924 46919

Biography

Victor Fang is an Associate Professor in the Department of Finance at Deakin University. Victor spent more than 20 years teaching in various universities in Australia and abroad. In addition, he conducts professional training courses to professional bodies in China and Vietnam (such as CPA Beijing, Bank of Communication, Shanghai and China Civil Aviation Authority (CCAA, Beijing) and Ho Chi Minh Stock exchange and Security Research Training Centre, SRTC, Vietnam).

Prior to that, Victor has worked with various large international banks (HSBC, Chase Manhattan and Deutsche Bank) for a period of 10 years. His prior appointments in the banking industry include the position of chief treasury officer, senior bank trader and assistant bank manager.

His teaching responsibilities at Deakin are primarily in international finance, treasury dealing and treasury management and investments. His research interests focus particularly on the valuation of interest rate swaps, the determinants of swap spreads and modelling the term structure of interest rates. He has published numerous refereed journal articles.

Victor holds a PhD in Finance from Monash University, an MSc. in Management Science from the University of Wales, U.K. and a BSc. (Hons) in Accounting and Computer Science from the University of Manchester, U.K. He is a senior associate of the Institute of Banking and Finance, Australia, and a member of the British Chartered Institute of Management.

Read more on Victor's profile

Research interests

  • Fixed Income and Interest Rate Swaps and related issues
  • Financial Risk Management
  • Modelling of the Term Structure of Interest Rates
  • Volatility Modeling

Teaching interests

  • International Finance
  • Treasury Management
  • Investment

Publications

Filter by

2017

Corporate hedging and the high idiosyncratic volatility low return puzzle

M Chng, V Fang, V Xiang, H Zhang

(2017), Vol. 17, pp. 395-425, International review of finance, London, Eng., C1

journal

IPO lockups, long run returns, and growth opportunities

J Haman, K Chalmers, V Fang

(2017), Vol. 49, pp. 184-199, Journal of international financial markets, institutions and money, Amsterdam, The Netherlands, C1-1

journal
2016

The role of optimistic news stories in IPO pricing

P Carey, V Fang, H Zhang

(2016), Vol. 41, pp. 16-29, Journal of international financial markets, institutions and money, Amsterdam, The Netherlands, C1

journal

Aggregate volatility risk and the cross-section of stock returns: Australian evidence

V Mai, T Ang, V Fang

(2016), Vol. 36, pp. 134-149, Pacific-Basin finance journal, Amsterdam, The Netherlands, C1

journal

How accurately can convertibles be classified as debt or equity for tax purposes? Evidence from Australia

J-P Fenech, V Fang, R Brown

(2016), Vol. 12, pp. 153-164, Review of law & economics, Berlin, Germany, C1

journal
2015

Non-tradable share reform, liquidity, and stock returns in China

C-H Hung, Q Chen, V Fang

(2015), Vol. 15, pp. 27-54, International Review of Finance, C1

journal

International swap market contagion and volatility

A Azad, J Batten, V Fang, J Wickramanayake

(2015), Vol. 47, pp. 355-371, Economic Modelling, C1

journal

What determines the yen swap spread?

A Azad, J Batten, V Fang

(2015), Vol. 40, pp. 1-13, International Review of Financial Analysis, C1

journal

The economic significance of CDS price discovery

V Xiang, M Chng, V Fang

(2015), Vol. In press, pp. 1-30, Review of quantitative finance and accounting, New York, N.Y., C1

journal

The underpricing of infrastructure IPOs: Evidence from China

Q Tan, W Dimovski, V Fang

(2015), Vol. 18, pp. 150025-1-1550025-31, Review of Pacific Basin Financial Markets and Policies, Singapore, Asia, C1

journal
2014

Unchecked manipulations, price-volume relationship and market efficiency: evidence from emerging markets

S Azad, S Azmat, V Fang, P Edirisuriya

(2014), Vol. 30, pp. 51-71, Research in international business and finance, Philadelphia, USA, C1

journal

Determinants of stock returns: Factors or systematic co-moments? Crisis versus non-crisis periods

C Hung, A Azad, V Fang

(2014), Vol. 31, pp. 14-29, Journal of international financial markets, institutions & money, Amsterdam, The Netherlands, C1

journal

Impact of policy changes on the efficiency and returns-to-scale of Japanese financial institutions: an evaluation

A Azad, S Yasushi, V Fang, A Ahsan

(2014), Vol. 32, pp. 159-171, Research in international business and finance, Amsterdam, The Netherlands, C1

journal

Corporate bond prices and idiosyncratic risk : evidence from Australia

V Fang, C Hung

(2014), Vol. 33, pp. 99-114, Journal of international financial markets, institutions & money, Amsterdam, The Netherlands, C1

journal
2013

Transmigration across price discovery categories : evidence from the U.S. CDS and equity markets

V Xiang, M Chng, V Fang

(2013), Vol. 33, pp. 573-599, Journal of futures markets, Malden, Mass., C1

journal

Stock prices and the location of trade : evidence from China-backed ADRs

X Wang, L Yao, V Fang

(2013), Vol. 26, pp. 677-688, North American jounal of economics and finance, Amsterdam, The Netherlands, C1

journal

An investigation of the deviation from the market efficiency and its Implications for capital market development: the DSE evidence

A Azad, A Ahsan, V Fang

(2013), pp. 143-159, Emerging markets and the global economy: a handbook, Oxford, England, B1

chapter
2012

Business cycles and the impact of macroeconomic surprises on interest rate swap spreads : Australian evidence

V Fang, A Azad, J Batten, C Lin

(2012), pp. 379-398, Contemporary studies in economic and financial analysis, Bingley, England, B1

chapter

Linking the interest rate swap markets to the macroeconomic risk : The UK and us evidence

A Azad, V Fang, C Hung

(2012), Vol. 22, pp. 38-47, International review of financial analysis, Amsterdam, Netherlands, C1

journal
2011

Low-frequency volatility of yen interest rate swap market in relation to macroeconomic risk

A Azad, V Fang, J Wickramanayake

(2011), Vol. 11, pp. 353-390, International review of finance, Richmond, Vic., C1-1

journal
2010

Value-at-risk disclosures and the implications on bank stakeholders

J Ball, V Fang

(2010), pp. 3-27, Banking and capital markets : new international perspective, Singapore, B1-1

chapter
2009

Volatility spillover between New Zealand stock market returns and exchange rate changes before and after the 1997 Asian financial crisis

D Choi, V Fang, T Fu

(2009), Vol. 1, pp. 106-117, Asian journal of finance and accounting, Las Vegas, Nev., C1-1

journal
2008

Macroeconomic news, business cycles and Australian financial markets

V Fang, C Lin, K Parboo

(2008), Vol. 15, pp. 185-207, Asian Pacific Financial Markets, New York, N. Y., C1-1

journal

A heuristic approach to Asian hedge fund allocation

V Fang, K Phoon, V Xiang

(2008), Vol. 10, pp. 42-52, Journal of wealth management, New York, N. Y., C1-1

journal
2007

Volatility linkages and spillovers in stock and bond markets : some international evidence

V Fang, E Lin, V Lee

(2007), Vol. 7, pp. 1-10, Journal of international finance and economics, Turlock, Calif., C1-1

journal

An examination of Australian gold mining firms' exposure over the collapse of gold price in the late 1990s

V Fang, E Lin, W Poon

(2007), Vol. 15, pp. 37-49, International journal of accounting and information management, West Yorks, U. K., C1-1

journal
2006

A survey of value-at-risk and its role in the banking industry

J Ball, V Fang

(2006), Vol. 32, pp. 1-31, Journal of financial education, Philadelphia, Pa., C1-1

journal

Volatility transmissions between stock and bond markets : evidence from Japan and the U.S.

V Fang, Y Lim, C Lin

(2006), Vol. 12, pp. 120-128, International journal of information technology, Singapore, Singapore, C1-1

journal
2005

Can the choice of interpolation method explain the difference between swap prices and futures prices?

R Brown, V Fang

(2005), Vol. 45, pp. 199-216, Accounting and finance, Richmond, Vic., C1-1

journal

Volatility transmission between stock and bond markets : evidence from US and Australia

V Fang, V Lee, L Yee-Choon

(2005), Vol. 3578, pp. 580-587, Lecture notes in computer science, Heidelberg, Germany, C1-1

journal
2004

Using forward rate agreements to price and hedge interest rate swaps

R Brown, V Fang

(2004), Vol. 17, pp. 71-76, Accounting research journal, London, England, C1-1

journal

Credit risk of interest rate swaps : a comparative study of CIR and Monte Carlo simulation approach

V Fang, V Lee

(2004), Vol. 3177, pp. 780-787, Lecture notes in computer science, Berlin, Germany, C1-1

journal

Australian and US interest rate swap markets : comparison and linkages

F In, V Fang, R Brown

(2004), Vol. 44, pp. 45-56, Accounting and finance, Richmond, Vic., C1-1

journal
2003

Links among interest rate swap markets : U.S., U.K. and Japan

F In, R Brown, V Fang

(2003), Vol. 13, pp. 84-95, Journal of fixed income, London, England, C1-1

journal

An empirical analysis of the Australian dollar swap spreads

V Fang, R Muljono

(2003), Vol. 11, pp. 153-173, Pacific-basin finance journal, Amsterdam, The Netherlands, C1-1

journal

Testing the expectations hypothesis for interest rate term structure : some Australian evidence

V Fang, V Lee

(2003), Vol. 2669, pp. 189-198, Lecture notes in computer science, Berlin, Germany, C1-1

journal

Modeling volatility and changes in the swap spread

F In, R Brown, V Fang

(2003), Vol. 12, pp. 545-561, International review of financial analysis, Amsterdam, The Netherlands, C1-1

journal
2002

Modeling the determinants of swap spreads

R Brown, F In, V Fang

(2002), Vol. 12, pp. 29-40, Journal of fixed income, London, England, C1-1

journal

Funded Projects at Deakin

No Funded Projects at Deakin found

Supervisions

Principal Supervisor
2015

Thi Anh Thu Pham

Thesis entitled: Studies of firm efficiency on stock returns

Doctor of Philosophy, Department of Finance

2013

Hansen Limong

Thesis entitled: Information Linkages between the U.S. Credit Default Swap and Equity Markets

Doctor of Philosophy, School of Accounting, Economics & Finance