Fei Su, PhD (in Finance)
Associate Professor
Contact Details
Office: GD2203
Tel: 8590 2712
Email: feisu@cityu.edu.mo
WOS Researcher ID: GZL-6004-2022
Scopus ID: 57207256679
ORCID: 0000-0002-9477-858X
Academic Qualifications
Ph.D. in Finance, UTS Business School, University of Technology Sydney
Master in Economics, Faculty of Social Sciences, University of Macau
Bachelor (Major in International Economics and Trade), Huaqiao University
Biography
Dr. Fei Su is currently an associate professor at the Faculty of Finance, City University of Macau. He holds a Ph.D. in Finance from UTS Business School and an M.Sc. in Economics from University of Macau. Before joining City University of Macau, he served as a lecturer and an associate professor (tenured) at the College of Economics and Management, Nanjing University of Aeronautics and Astronautics. Dr. Su's research interests include corporate finance, financial market, and market microstructure. He has published numerous papers in renowned international SSCI/SCI journals such as the International Review of Financial Analysis, International Journal of Finance & Economics, and Pacific-Basin Finance Journal. He has served as the principal investigator (PI) of a project funded by the National Natural Science Foundation of China (NSFC). In addition to his academic role, he serves as an early career editorial board member of Journal of Chinese Economic and Business Studies (ESCI Q1) and an associate editor of Journal of Transition Economics and Finance.
Teaching Areas
- Investment
- International Finance
Research Areas
- Financial Market
- Corporate Finance
- Market Microstructure
Academic Work Experience
2025- ： Associate Professor, Faculty of Finance, City University of Macau
2022-2025：Associate Professor (Tenured), College of Economics and Management, Nanjing University of Aeronautics and Astronautics
2019-2022：Lecturer, College of Economics and Management, Nanjing University of Aeronautics and Astronautics
Academic services
2025.06 – Present, Journal of Chinese Economic and Business Studies (ESCI Q1), Early Career Editorial Board Member
2025.06—Present, Journal of Transition Economics and Finance, Associate Editor
Selected Academic Publications
[1] Su, F., Wang, F., & Xu, Y. (2025). Economic Policy Uncertainty and Volatility Spillovers Among International Stock Market Indices During the COVID-19 Outbreak. Asia-Pacific Financial Markets, 32(1), 237-266. (SSCI)
[2] Su, F., Wang, F., Zhai, L., Zhou, Y., & Zhang, J. (2025). Asymmetric attention and asymmetric overnight momentum in China’s stock market. Asia-Pacific Journal of Accounting and Economics, forthcoming. (SSCI)
[3] Liu, J., Chen, S., Liu, J., & Su, F. (2025). Digital Transformation Disclosure and Bank Loans: An Information Heterogeneity Perspective. International Journal of Finance & Economics, forthcoming. (SSCI; ABS: 3)
[4] Tang, S., Liu, C., Su, F., & Zhu, P. (2025). Inside the black box of ESG-related terms in corporate site visits and ESG ratings improvement. Asia-Pacific Journal of Accounting and Economics, forthcoming. (SSCI)
[5] Su, F., Zhai, L., Zhou, Y., & Zhuang, Z. (2024). Risk contagion in financial markets: A systematic review using bibliometric methods. Australian Economic Papers, 63(1), 163-199. (SSCI)
[6] Su, F., Guan, M., & Liu, J. (2024). ESG performance and corporate fraudulence: Evidence from China. International Review of Financial Analysis, 93, 103180. (SSCI, ABS: 3)
[7] Tang, S., He, L., Su, F., & Zhou, X. (2024). Does directors' and officers' liability insurance improve corporate ESG performance? Evidence from China. International Journal of Finance & Economics, 29(3), 3713-3737. (SSCI, ABS: 3)
[8] Su, F., Zhai, L., & Liu, J. (2023). Do MD&A Risk Disclosures Reduce Stock Price Crash Risk? Evidence from China. International Journal of Financial Studies, 11(4), 147. (ESCI)
[9] An, Y., Su, F. (2023). Do internet stock message boards influence firm value? evidence from China. Asia-Pacific Journal of Accounting and Economics, 30(2), 327-353. (SSCI)
[10] Su, F., Wang, X., & Yuan, Y. (2022). The intraday pattern and intraday price discovery of Bitcoin market, Research in International Business and Finance, 60, 101625. (SSCI)
[11] Su, F., Feng X., & Tang S. (2021). Do site visits mitigate corporate fraudulence? Evidence from China, International Review of Financial Analysis, 78, 101940. (SSCI, ABS: 3)
[12] Su, F., Wang, X. (2021). Investor co-attention and stock return co-movement: Evidence from China’s A-share stock market, North American Journal of Economics and Finance, 58, 101548. (SSCI)
[13] Su, F. (2021). Conditional volatility persistence and volatility spillovers: Evidence from the Foreign Exchange market, Research in International Business and Finance, 55, 101312. (SSCI)
[14] Su, F., Wang, L. (2020). Conditional Volatility Persistence and Realized Volatility Asymmetry: Evidence from the Chinese Stock Markets. Emerging Markets Finance and Trade, 56(14), 3252-3269. (SSCI)
[15] Su, F., Zhang. J. (2018). Global price discovery in the Australian Dollar market and its determinants, Pacific-Basin Finance Journal, 48, 35-55. (SSCI, ABDC: A)
[16] Zhang, H., Su, C.-W., Song, Y., Qiu, S., Xiao, R., & Su, F. (2017). Calculating Value-at-Risk for high-dimensional time series using a nonlinear random mapping model. Economic Modelling, 67, 353-367. (SSCI, ABDC: A)
Referee Services
Abacus, Accounting and finance, Applied economics, Applied economics letters, Asia-Pacific journal of accounting and economics, Asia-Pacific journal of management, Bulletin of economic research, Business ethics: A European review, Business ethics, the environment & responsibility, Business strategy and the environment, British journal of management, Chaos, China accounting and finance review, China finance review international, Complexity, Corporate governance: An international review, Corporate social responsibility and environmental management, Ecological indicators, Economic analysis and policy, Economic modelling, Emerging markets finance and trade, Employee relations, European journal of finance, Finance research letters, The Geneva Papers on Risk and Insurance - Issues and Practice, Global finance journal, International journal of finance and economics, International journal of emerging markets, International review of economics and finance, International review of financial analysis, Journal of Asian Economics, Journal of the Asia Pacific Economy, Journal of cleaner production, Journal of climate finance, Journal of economic behavior and organization, Journal of environmental management, Journal of international financial markets, institutions & money, Journal of sustainable finance & investment, Long range planning, Managerial and decision economics, Management and organization review, North American journal of economics and finance, Pacific economic review, Pacific-basin finance journal, Research in international business and finance, Sustainability, Sustainable development, Technology analysis & strategic management.