Invited Speakers
Dr. Yulong Liu (David), Senior Lecturer

Dr. Yulong Liu (David), Senior Lecturer

Massey Business School, Massey University, New Zealand
Speech Title: MNEs, Digital Platforms and Ecosystems

Abstract: Digital technologies such as finical technology and digital platform. There are limited studies on the temporal components of digital platforms such as platform complementors in the development of digital platforms for multinational enterprises (MNEs). Among our research projects on Finical technology (FinTech) and multinational enterprises, we have investigated how platform complementors develop cross-border digital platform-based ecosystems by conceptualizing them as layered modular architectures and drawing on transaction cost theory and network effects. For instance, some of our studies have examined the role of New Zealand business to business mobile payment agencies in developing digital platform-based ecosystems using multiple longitudinal case studies and modular process analysis. Our findings reveal that the evolution of digital platform-based ecosystems is non-linear but structurally predictable. We then create a process model to visualize the temporal and modular process of cross-border digital payment ecosystems. We also proposed that the evolution of cross-border mobile payment (CBMP) platform complementors follows a modular process driven by transaction costs and network effects.
Based on these research findings from our research, I will present the opportunities and challenges of digitization for multinational enterprises, particularly in relation to the digital platform, indicate some key findings of our work, and provide insights for future research, business practitioners and policymakers.

Keywords: MNEs, Digital Platforms and Ecosystems



Dr. Umair Akram, Senior Lecturer

Dr. Umair Akram, Senior Lecturer

School of Business and Management, RMIT University, Ho Chi Minh City, Vietnam
Speech Title: To be updated

Abstract: To be update



Dr. Changyong Zhang, Associate Professor

Dr. Changyong Zhang, Associate Professor

Department of Finance and Banking, Curtin University Malaysia, Malaysia
Speech Title: Portfolio Risk Management Incorporating Path-Dependent Momentum

Abstract: Due to financial constraints and others, individual investors are unable to invest in a large number of stocks to achieve full diversification. How to construct a portfolio with a comparatively satisfactory risk-adjusted return becomes more important. In constructing a portfolio of stocks, investors often take stock price momentum into consideration. Recently it is further recommended to incorporate the historical price path into momentum techniques to improve the portfolio out-of-sample performance. In this study, a risk-managed momentum scheme, which ranks stocks based on not only the recent price momentum but also the momentum over the historical price, is proposed to select top stocks for portfolio construction. The integrated criteria for stock selection allows for constructing a concentrated risk-adjusted portfolio that on average outperforms the traditional momentum approaches with a more than doubled Sharpe ratio.