Senior Lecturer in Finance
Overview
Khoa Hoang is a senior lecturer in Finance at UQ Business School. He holds a Ph.D. and Bachelor of Commerce with First-Class Honours from the University of Queensland.
With a focus on financial economics, Khoa's research expertise includes cost of capital estimation, earnings and returns predictability, corporate valuation, and trading anomalies. Khoa’s research has been presented in major national and international conferences and published in Accounting and Finance, Australian Journal of Management, Journal of Financial Markets, and Pacific-Basin Finance Journal.
Khoa is an active consultant and has been involved in various industry projects including:
- Development of a liquidity model to quantify investable value for emerging equity markets.
- Construction of asset pricing factors to estimate cost of capital for Australian regulated entities.
- Testing Capital Asset Pricing Model (CAPM) with ex-ante expectations.
Research Interests
- Earnings and returns predictability
- Market anomalies
- Cost of capital estimation and corporate valuation
- Real effects of stock markets on corporate decisions
Qualifications
- Doctor Philosophy, The University of Queensland
- Bachelor of Commerce, The University of Queensland
- Bachelor of Commerce with Honours Class 1, The University of Queensland
Publications
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Journal Article: Resurrecting the market factor: A case of data mining across international markets
Hoang, Khoa, Huang, Ronghong and Truong, Helen (2023). Resurrecting the market factor: A case of data mining across international markets. Pacific-Basin Finance Journal, 82 102183, 102183. doi: 10.1016/j.pacfin.2023.102183
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Journal Article: Economic uncertainty and cross section of stock returns: Australian evidence
Simkus, Matthew, Truong, Helen, Hoang, Khoa and Huang, Ronghong (2022). Economic uncertainty and cross section of stock returns: Australian evidence. Pacific Basin Finance Journal, 74 101808, 101808. doi: 10.1016/j.pacfin.2022.101808
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Journal Article: Using abnormal analyst coverage to unlock new evidence on stock price crash risk
Chowdhury, Hasibul, Faff, Robert and Hoang, Khoa (2021). Using abnormal analyst coverage to unlock new evidence on stock price crash risk. Accounting and Finance, 61 (S1), 1557-1588. doi: 10.1111/acfi.12637
Grants
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Revealing crash risk perception from analyst coverage
(2018–2019) Accounting and Finance Association of Australia and New Zealand
Supervision
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What trading frictions drive the persistence of anomaly profitability outside of the US?
Doctor Philosophy
-
The Real Effect of Time Varying Equity Term Structure
Doctor Philosophy
-
Firm-level political risks, CEO turnover, and CEO compensation
Doctor Philosophy
Publications
Journal Article
-
Resurrecting the market factor: A case of data mining across international markets
Hoang, Khoa, Huang, Ronghong and Truong, Helen (2023). Resurrecting the market factor: A case of data mining across international markets. Pacific-Basin Finance Journal, 82 102183, 102183. doi: 10.1016/j.pacfin.2023.102183
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Economic uncertainty and cross section of stock returns: Australian evidence
Simkus, Matthew, Truong, Helen, Hoang, Khoa and Huang, Ronghong (2022). Economic uncertainty and cross section of stock returns: Australian evidence. Pacific Basin Finance Journal, 74 101808, 101808. doi: 10.1016/j.pacfin.2022.101808
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Using abnormal analyst coverage to unlock new evidence on stock price crash risk
Chowdhury, Hasibul, Faff, Robert and Hoang, Khoa (2021). Using abnormal analyst coverage to unlock new evidence on stock price crash risk. Accounting and Finance, 61 (S1), 1557-1588. doi: 10.1111/acfi.12637
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Managerial rents vs. shareholder value in closed-end funds: evidence from China
Humphrey, Jacquelyn E. , Hunter, David , Hoang, Khoa and Wei, Wang Chun (2020). Managerial rents vs. shareholder value in closed-end funds: evidence from China. Pacific-Basin Finance Journal, 64 101453, 101453. doi: 10.1016/j.pacfin.2020.101453
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Predicting stock returns with implied cost of capital: a partial least squares approach
Hoang, Khoa, Cannavan, Damien, Huang, Ronghong and Peng, Xiaowen (2020). Predicting stock returns with implied cost of capital: a partial least squares approach. Journal of Financial Markets, 53 100576, 100576. doi: 10.1016/j.finmar.2020.100576
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Is the ex-ante equity premium always positive? Evidence from a new conditional expectations model
Hoang, Khoa and Faff, Robert (2019). Is the ex-ante equity premium always positive? Evidence from a new conditional expectations model. Accounting and Finance, 61 (1) 10.1111/acfi.12557, 95-124. doi: 10.1111/acfi.12557
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Is that factor just lucky? Australian evidence
Hoang, Khoa, Cannavan, Damien, Gaunt, Clive and Huang, Ronghong (2019). Is that factor just lucky? Australian evidence. Pacific-Basin Finance Journal, 57 101191, 101191. doi: 10.1016/j.pacfin.2019.101191
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Analyst vs. model-based earnings forecasts: implied cost of capital applications
Alex, Paton, Damien, Cannavan, Stephen, Gray and Khoa, Hoang (2019). Analyst vs. model-based earnings forecasts: implied cost of capital applications. Accounting and Finance, 60 (4) 10.1111/acfi.12548, 4061-4092. doi: 10.1111/acfi.12548
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Market discipline and bank risk taking
Hoang, Khoa, Faff, Robert and Haq, Mamiza (2013). Market discipline and bank risk taking. Australian Journal of Management, 39 (3), 327-350. doi: 10.1177/0312896213496800
Other Outputs
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Three essays on modelling and testing the conditional risk premium
Hoang, Trinh Anh Khoa (2016). Three essays on modelling and testing the conditional risk premium. PhD Thesis, UQ Business School, The University of Queensland. doi: 10.14264/uql.2016.66
Grants (Administered at UQ)
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Revealing crash risk perception from analyst coverage
(2018–2019) Accounting and Finance Association of Australia and New Zealand
PhD and MPhil Supervision
Current Supervision
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What trading frictions drive the persistence of anomaly profitability outside of the US?
Doctor Philosophy — Principal Advisor
Other advisors:
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The Real Effect of Time Varying Equity Term Structure
Doctor Philosophy — Principal Advisor
Other advisors:
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Firm-level political risks, CEO turnover, and CEO compensation
Doctor Philosophy — Associate Advisor
Other advisors:
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The impact of investment sentiment and macroeconomic shocks on stock prices
Doctor Philosophy — Associate Advisor
Other advisors:
