Projects per year
Personal profile
Biography
Au Yong is a corporate finance scholar, researching contentious issues surrounding corporate governance, capital management, and risk management. Au Yong examined both internal and external corporate governance. Her internal governance research areas are management’s incentives on corporate investment and risk management decisions. In addition, Au Yong studies the importance of gender diversity on corporate boards. A key contribution of her research emphasises the need for a critical mass of women on boards, rather than tokens, to reduce earnings management due to their superior monitoring role. This article was awarded the E. Yetton Prize 2017 for the best paper published in the Australian Journal of Management.
Building upon her earlier work, she extended her studies to external governance, examining the role of dual holder (entities that are both shareholder and debtholder) monitoring in explaining corporate decisions. She is currently researching the drivers of corporate green innovations and their impacts.
Au Yong conducts research that explores the capital raising and payout practices of Australian companies. These projects originate from her team’s ARC Discovery Grant where she was a Chief Investigator. The findings of these projects contribute to our understanding of retail and institutional shareholder participation in the Australian equity markets, where studies are relatively limited.
Au Yong has published widely in international peer-reviewed journals including Journal of Banking and Finance, Journal of Business Finance and Accounting, International Review of Finance, Journal of International Financial Markets, Institutions and Money, Australian Journal of Management and International Review of Financial Analysis. She has won competitive research grants from the Australian Research Council (ARC) and the Accounting and Finance Association of Australia and New Zealand (AFAANZ).
Au Yong specialises in teaching corporate finance and financial markets at the undergraduate and postgraduate levels. In 2020, her teaching innovations were recognised with the Monash Business School Dean's Award for Teaching Excellence.
Au Yong was the Department PhD Program Director from 2014-2017. She is an active reviewer of many international journals and external grants. From 2020-2023, she is one of the coordinators of GARNET (Governance and Regulatory Research Network), a multi-disciplinary research network at the Monash Business School.
Monash teaching commitment
BFC2140 Corporate Finance 1
BFC3140 Corporate Finance 2
BFF3140 Advanced Corporate Finance
BFF5925 Financial Management Theory
BFC5926 Financial Institutions and Markets
Expertise related to UN Sustainable Development Goals
In 2015, UN member states agreed to 17 global Sustainable Development Goals (SDGs) to end poverty, protect the planet and ensure prosperity for all. This person’s work contributes towards the following SDG(s):
Research area keywords
- Corporate Finance
- Capital Management
- Risk Management
- Derivative
- Asian and Emerging Markets
Collaborations and top research areas from the last five years
Projects
- 2 Finished
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Financial Tunneling: Shareholder Protection and Wealth Changes During Two Decades of Capital Management Activities in Australia
Brown, C. (Primary Chief Investigator (PCI)), Au Yong, H. H. (Chief Investigator (CI)), Shekhar, C. (Chief Investigator (CI)) & Atanasov, V. (Partner Investigator (PI))
Australian Research Council (ARC)
3/03/12 → 31/12/19
Project: Research
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Asian Exchange Rate Exposures of Australian Firms
Au Yong, H. H. & Faff, R.
Accounting & Finance Association of Australia and New Zealand
7/07/09 → 30/11/10
Project: Research
Research output
- 23 Article
-
Rights issues: retail shareholders and their participation decisions
Au Yong, H. H., Brown, C., Ho, C. Y. & Shekhar, C., 2020, In: International Review of Finance. 21, 3, p. 917-944 28 p.Research output: Contribution to journal › Article › Research › peer-review
3 Citations (Scopus) -
A few good (wo)men? Gender diversity on Australian boards
Strydom, M., Au Yong, H. H. & Rankin, M., 1 Aug 2017, In: Australian Journal of Management. 42, 3, p. 404-427 24 p.Research output: Contribution to journal › Article › Research › peer-review
64 Citations (Scopus) -
How does the funding status of defined benefit pension plans affect investment decisions of firms in the United States?
Chaudhry, N., Au Yong, H. H. & Veld, C., Jan 2017, In: Journal of Business Finance and Accounting. 44, 1-2, p. 196-235 40 p.Research output: Contribution to journal › Article › Research › peer-review
27 Citations (Scopus) -
Equity in capital raising? Empirical evidence from structured private placements
Au Yong, H. H., Brown, C., Ho, C. Y. & Shekhar, C., Feb 2024, In: Journal of Banking and Finance. 159, 21 p., 107074.Research output: Contribution to journal › Article › Research › peer-review
Open AccessFile -
Greenwashing, carbon emission, and ESG
Treepongkaruna, S., Au Yong, H. H., Thomsen, S. & Kyaw, K., Dec 2024, In: Business Strategy and the Environment. 33, 8, p. 8526-8539 14 p.Research output: Contribution to journal › Article › Research › peer-review
Open AccessFile10 Citations (Scopus)
Prizes
-
Best Paper in the SIRCA Stream, AFAANZ Conference 2016
Au Yong, H. H. (Recipient), Brown, C. (Recipient), Ho, C. (Recipient) & Shekhar, C. (Recipient), 2016
Prize: Prize (including medals and awards)
-
Best Paper presented at the 9th Financial Markets and Corporate Governance Conference 2017 - SIRCA
Au Yong, H. H. (Recipient), Brown, C. (Recipient), Ho, C. (Recipient) & Shekhar, C. (Recipient), 2017
Prize: Prize (including medals and awards)
-
CFA Institute Asia-Pacific Capital Markets Research Award 2014
Strydom, M. E. (Recipient) & Au Yong, H. H. (Recipient), 2014
Prize: Prize (including medals and awards)
-
Dean’s Award for Teaching Excellence 2020, Monash Business School, Monash University.
Au Yong, Hue Hwa (Recipient), 2020
Prize: Prize (including medals and awards)
-
E. Yetton Prize 2017 for the best paper published in the Australian Journal of Management
Strydom, M. E. (Recipient), Au Yong, H. H. (Recipient) & Rankin, M. (Recipient), 2017
Prize: Prize (including medals and awards)
Press/Media
-
Why multinationals are emerging as post-COVID winners?
Hue Hwa Au Yong & Elaine Laing
23/05/23
1 item of Media coverage
Press/Media: Article/Feature
-
Are there lasting benefits from changes to capital raising regulations?
Brown, C., Ho, C., Au Yong, H. H. & Shekhar, C.
2/11/22
1 Media contribution
Press/Media: Expert Comment