Dr Kefei You

Dr Kefei You BSc, MSc, PhD

Associate Professor

Dr Kefei You is an Associate Professor of Finance at the University of Greenwich. She is the research group leader for the Finance and Banking research team, Institute of Political Economy, Governance, Finance and Accountability (PEGFA). She is also the Programme Leader for BSc Investment Banking and Finance. She is a Senior Research Fellow at the Global Policy Institute.

Kefei graduated from East China University of Political Science and Law, Shanghai. She studied MSc Banking and Finance at Loughborough University, Leicestershire and completed her PhD in London. Prior to joining University of Greenwich, she was a Reader in Finance and the director of the Centre for International Capital Markets at London Metropolitan University. She was also the Programme Leader for MSc Finance and MSc International Banking and Finance. She spent a short spell as a consultant at Yingshitong Securities in Shanghai. She also worked as a visiting research fellow at the Bank of Finland and the People's Bank of China.

Accounting and finance

Responsibilities within the university

Kefei is the Programme Leader for BSc Investment Banking and Finance.

Kefei teaches on the following modules:

  • Financial Markets and Products (MSc)
  • Investment Management (MSc)
  • Quantitative Finance Research Projects (BSc)
  • Investment Management (BSc)
  • Finance (BSc)

She is the research group leader for the Finance and Banking research team, Institute of Political Economy, Governance, Finance and Accountability (PEGFA).

Awards

Research Award

  • Outstanding Achievement in Research 2019 Award, University of Greenwich

PhD scholarship

  • PVC PhD scholarship September 2020

Best Paper Award

  • "The technological spillover of Chinese FDI in Africa: A 27-country panel data study", submitted to World Development, The paper won Best Paper Award at the Academy of International Business Southeast Asian Regional (AIBSEAR) Conference 2017, "Sustaining Growth in Emerging Markets amid Aging Populations", Chiang Mai, Thailand, 7-9 December, 2017.

Recognition

Membership of Professional Societies

  • China Economist Society
  • Scottish Economic Society
  • Senior Fellowship Higher Education Academy (SFHEA), 2018

Refereeing Activity

  • Journal of Banking and Finance, Journal of International Financial Markets, Institutions and Money, Emerging Markets Finance and Trade, China Economic Review (also acted as a Guest Editor), Journal of Corporate Governance and Sustainability Review, Eastern European Economics, Economic Modelling, Journal of Developing Areas, International Journal of Banking, International Economics, Accounting and Finance, Bulletin of Economic Research, Journal of International Development, Journal of International Money and Finance, International Review of Economics and Finance, International Review of Finance Analysis, International Journal of Finance and Economics, Managerial Finance, Review of Development Economics, Economics of Innovation and New Technology

Research Fellowship

  • 2013, Bank of Finland, Visiting Research Fellow
  • 2016, People's Bank of China, Visiting Research Fellow
  • December 2017-present, Global Policy Institute, Senior Research Fellow

Conference Organising

  • Conference Chair and Co-Chair of the Scientific Committee for "China after 35 Years of Economic Transition", a conference co-organised by Centre for International Capital Markets (London Metropolitan University), Centre for Empirical Finance (University of Brunel), and Institute for Economies in Transition (Bank of Finland), in May 8-9 2014.
  • Guest Editor for a special issue for China Economic Review

Consultancy

  • 2012: Innisfree (a leading infrastructure investment group in the UK), providing an outlook on the Chinese economy as a whole and infrastructure development in China in particular.

Invited Keynote Speech/Committee Member

  • 2019: Global Policy Institute in partnership with Blenheim Strategy, "The Return of QE in the US and the Future of the Dollar", Expert round table discussion, London, November, 2019.
  • 2018: Anhui University of Finance and Economics 2018 conference "2018 International Conference on Innovation and Entrepreneurship under the New Era", Keynote Speech on "Global R&D and innovation performance by latecomer firms: A knowledge-based perspective". Bengbu, June 2018.
  • University of South Bank, "International Banking and Finance Conference 2016". Invited conference programme committee member. London, June 2016.
  • People's Bank of China, Workshop "Shadow Banks in China". Keynote Speech on "Effectiveness of the banking lending channel in China – The role of shadow banks". Beijing, August 2016.
  • 2015: University of Lincoln, Conference "Economic Growth and Socio Economic Issues in China and India"; Keynote Speech on "China's Economic Growth: Challenges and Prospects".

Membership of Editorial Board

  • Journal of Corporate Governance and Sustainability Review
  • Guest Editor: China Economic Review

Research / Scholarly interests
  • Finance: financial markets, financial integration, exchange rates, international capital flows
  • Banking: risks of shadow banking, banking regulation, bank lending channel
  • Technology and productivity growth
  • China and emerging markets

Key funded projects

  • Funding on research at London Metropolitan Business School; May 2010; Amount of funding: 1000 GBP (Title: Why China invests in Africa? Determinates and Structural Breaks)
  • Bank of Finland Institute for Economies in Transition; October 2012; Amount of funding: 4500 Euros (Title: Determinants of China's outward capital flow: a provincial level analysis)
  • Bank of China; Aug 2016; Amount of funding: 30000 RMB (Title: Effectiveness of the banking lending channel in China – The role of shadow banks)

Recent publications

Article

Wang, Litan , You, Kefei, Chen, Hui (2024), Financial investment by non-financial firms: does it affect audit quality?. Springer. In: , , , . Springer, Journal of Management and Governance ISSN: 1385-3457 (Print), 1572-963X (Online) (doi: https://doi.org/10.1007/s10997-024-09714-y).

Koranteng, Barbara and , You, Kefei (2024), Fintech and financial stability: evidence from spatial analysis for 25 countries. Elsevier. In: , , , . Elsevier, Journal of International Financial Markets, Institutions and Money, 93: 102002 . pp. 1-30 ISSN: 1042-4431 (Print), 1873-0612 (Online) (doi: https://doi.org/10.1016/j.intfin.2024.102002).

You, Kefei , Chinthalapati, V L Raju, Mishra, Tapas, Patra, Ramakanta (2024), International trade-network and stock-market connectedness: evidence from eleven major economies. Elsevier. In: , , , . Elsevier, Journal of International Financial Markets, Institutions and Money: 101939 ISSN: 1042-4431 (Print), 1873-0612 (Online) (doi: https://doi.org/10.1016/j.intfin.2024.101939).

Wang, Liting and , You, Kefei (2022), The impact of political connections on corporate tax burden: evidence from the Chinese market. Elsevier. In: , , , . Elsevier, Finance Research Letters, 47: 102944 (B) ISSN: 1544-6123 (Print), (doi: ).

Caporale, Guglielmo Maria , Gil-Alana, Luis A., You, Kefei (2021), Global and regional financial integration in emerging Asia: evidence from stock markets. Center for International Economics. In: , , , . Center for International Economics, Journal of Economic Integration, 36 (2) . pp. 185-202 ISSN: 1225-651X (Print), 1976-5525 (Online) (doi: https://doi.org/10.11130/jei.2021.36.2.185).

Caporale, Guglielmo Maria , Gil-Alana, Luis A., You, Kefei (2021), Stock market linkages between the ASEAN countries, China and the US: a fractional integration/cointegration approach. Routledge. In: , , , . Routledge, Emerging Markets Finance and Trade, 58 (5) . pp. 1502-1514 ISSN: 1540-496X (Print), 1558-0938 (Online) (doi: https://doi.org/10.1080/1540496X.2021.1898366).

Hu, Dengfeng , You, Kefei, Esiyok, Bulent (2021), Foreign direct investment among developing markets and its technological impact on host: Evidence from spatial analysis of Chinese investment in Africa. Elsevier. In: , , , . Elsevier, Technological Forecasting and Social Change, 166: 120593 ISSN: 0040-1625 (Print), (doi: https://doi.org/10.1016/j.techfore.2021.120593).

You, Kefei , Dal Bianco, Silvia, Amankwah-Amoah, Joseph (2020), Closing technological gap to achieve the sustainable development goal of poverty alleviation: Evidence from 17 sub-Sahara African countries. Elsevier. In: , , , . Elsevier, Technological Forecasting and Social Change, 157: 120055 ISSN: 0040-1625 (Print), (doi: https://doi.org/10.1016/j.techfore.2020.120055) NB Item availability restricted.

Caporale, Guglielmo Maria , You, Kefei, Chen, Lei (2019), Global and regional stock market integration in Asia: a panel convergence approach. Elsevier. In: , , , . Elsevier, International Review of Financial Analysis, 65: 101381 ISSN: 1057-5219 (Print), (doi: https://doi.org/10.1016/j.irfa.2019.101381).

Lin, Zhibin , You, Kefei, Lau, Chi Keung, Demir, Ender (2019), Segmenting global tourism markets: A panel club convergence approach. Elsevier. In: , , , . Elsevier, Annals of Tourism Research, 75 . pp. 165-185 ISSN: 0160-7383 (Print), (doi: https://doi.org/10.1016/j.annals.2019.01.007).

You, Kefei , Dal Bianco, Silvia, Lin, Zhibin, Amankwah-Amoah, Joseph (2018), Bridging technology divide to improve business environment: Insights from African nations. Elsevier. In: , , , . Elsevier, Journal of Business Research, 97 . pp. 268-280 ISSN: 0148-2963 (Print), (doi: https://doi.org/10.1016/j.jbusres.2018.01.015).

Caporale, Guglielmo Maria , Gil-Alana, Luis A., You, Kefei (2017), Exchange rate linkages between the ASEAN currencies, the US dollar and the Chinese RMB. Elsevier. In: , , , . Elsevier, Research in International Business and Finance, 44 . pp. 227-238 ISSN: 0275-5319 (Print), (doi: https://doi.org/10.1016/j.ribaf.2017.07.091).

You, Kefei and , (2017), What drives outward Fdi of China?: A regional analysis. Tennessee State University College of Business. In: , , , . Tennessee State University College of Business, The Journal of Developing Areas, 51 (2) . pp. 239-253 ISSN: 1548-2278 (Print), (doi: https://doi.org/10.1353/jda.2017.0042).

Working paper

Caporale, Guglielmo Maria , Gil-Alana, Luis A., You, Kefei (2017), Global and Regional Financial Integration in Emerging Asia: Evidence from Stock Markets. Munich Society for the Promotion of Economic Research ‐ CESifo. In: , , , . Munich Society for the Promotion of Economic Research ‐ CESifo, 2364‐1428 (Online) (doi: ).

Caporale, Guglielmo Maria and , You, Kefei (2017), Stock Market Integration in Asia: Global or Regional? Evidence from Industry Level Panel Convergence Tests. DIW Berlin. In: , , , . DIW Berlin, Berlin 1619-4535 (Online) (doi: ).

Caporale, Guglielmo Maria , Gil-Alana, Luis A., You, Kefei (2016), Exchange Rate Linkages Between the ASEAN Currencies, the US Dollar and the Chinese RMB. Bank of Finland. In: , , , . Bank of Finland, 1456-6184 (Online) (doi: ).

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