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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

Qualifications

Doctor of Philosophy, Monash University, 2004

Contact

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

Biography

Victor Fang is an Associate Professor in the Department of Finance in Deakin Business School. 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

Units taught

  • MAF303 - Treasury Management
  • MAF760 - International Finance

Publications

Filter by

2019

The effects of IPO mandatory lockups and corporate governance on underpricing: evidence from the Australian Securities Exchange

Janto Haman, Keryn Chalmers, Victor Fang

(2019), pp. 1-16, Journal of accounting, auditing & finance, London, Eng., C1

journal article
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 article

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 article
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 article

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 article

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 article
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 article

International swap market contagion and volatility

A Azad, J Batten, V Fang, J Wickramanayake

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

journal article

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 article

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 article

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 article
2014

An Investigation of the Deviation from the Market Efficiency and its Implications for Capital Market Development: The DSE Evidence

A Sohel Azad, A Ahsan, V Fang

(2014), pp. 143-159, Emerging Markets and the Global Economy: A Handbook, B1

book chapter

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

A Azad, S Azmat, V Fang, P Edirisuriya

(2014), Vol. 30, pp. 51-71, Research in International Business and Finance, C1

journal article

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 and Money, C1

journal article

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, C1

journal article

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 article
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, C1

journal article

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 Journal of Economics and Finance, C1

journal article
2012

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

V Fang, A Sohel Azad, J A. Batten, C Lin

(2012), Vol. 94, pp. 379-398, Contemporary Studies in Economic and Financial Analysis, B1

book 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, C1

journal article
2011

Low-Frequency Volatility of Yen Interest Rate Swap Market in Relation to Macroeconomic Risk

A Sohel Azad, V Fang, J Wickramanayake

(2011), Vol. 11, pp. 353-390, International Review of Finance, C1-1

journal article
2010

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

J Ball, V Fang

(2010), pp. 3-28, Banking and Capital Markets: New International Perspectives, B1-1

book 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 article
2008

Macroeconomic news, business cycles and Australian financial markets

V Fang, C Lin, K Parbhoo

(2008), Vol. 15, pp. 185-207, Asia-Pacific Financial Markets, C1-1

journal article

A Heuristic Approach to Asian Hedge Fund Allocation

Victor Fang, Kok Phoon, Vincent Xiang

(2008), Vol. 10, pp. 42-52, The Journal of Wealth Management, C1-1

journal article
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 article

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

V Fang, C Lin, W Poon

(2007), Vol. 15, pp. 37-49, International Journal of Accounting & Information Management, C1-1

journal article
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 article

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 article
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, C1-1

journal article

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

V Fang, V Lee, Y Lim

(2005), Vol. 3578, pp. 580-587, Lecture Notes in Computer Science, C1-1

journal article
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 article

Credit risks 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 (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics), C1-1

journal article

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, C1-1

journal article
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 article

An empirical analysis of the Australian dollar swap spreads

V Fang, R Muljono

(2003), Vol. 11, pp. 153-173, Pacific Basin Finance Journal, C1-1

journal article

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 (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics), C1-1

journal article

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, C1-1

journal article
2002

Modeling the Determinants of Swap Spreads

Rob Brown, Francis In, Victor Fang

(2002), Vol. 12, pp. 29-40, The Journal of Fixed Income, C1-1

journal article

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