Dr. Calvin Cheong is an Associate Professor and Assistant Head of Department – Economics & Finance at Sunway University Business School and an Adjunct Research Fellow at Swinburne University of Technology Sarawak. He is also Associate Editor of the Asia Pacific Journal of Business Administration, and an Editorial Board Member of the International Journal of Emerging Markets. He also currently serves as Senior Policy Advisor for various ministerial committees across the globe. He was formerly a senior partner of an international management consulting firm that specializes in providing strategic advisory and leadership advice to corporations in over 20 countries.

A firm believer of life-long learning, Calvin has to date completed a Bachelor, an Honours, and a PhD from Monash University. He has also completed a Post-doctoral certificate in higher education from Swinburne University, as well as a certificate in crowdfunding from Wharton Business School. Calvin also holds certificates in Advance Life Support and Pre-Hospital Care and is still exploring methods to improve the efficiency of Malaysian emergency services.

Calvin’s research focuses on practical and practicable international and corporate finance issues that tries to steer clear of the ceteris paribus assumption. That being said, he has so far co- and solo-authored a number of articles in Q1 journals. He has also influenced many next-generation researchers, supervising over 20 Doctoral, Masters, and Honours students to successful completion in various topics including public policy, (international) community development, cryptocurrency, international trade and development, banking regulation, asset bubbles, commodities, and currency issues. He has also been the Principal Investigator of research grants from foreign governments amounting to more than USD 10 million for various projects including social development, financial market development, and FinTech, as well as the coveted Fundamental Research Grant Scheme by the Ministry of Higher Education Malaysia. He has also received a number of awards for these efforts including Letters of Commendation from the President of Colombia and the United States of America.

Above all else, Calvin believes in the service for mankind no matter how small the act; that everyone deserves a shot (or two!) in fulfilling their potential regardless of circumstances. This requires small acts of defiance that are ethical yet hit hard against age-old defunct traditions. Doing so will only help one find the strength and confidence to challenge and innovate in any field. For it isn’t who we are underneath, but what we do that defines us.

Calvin can also be found at:
LinkedIn: https://www.linkedin.com/in/calvin-cheong-05a672108/
ResearchGate: https://www.researchgate.net/profile/Calvin_Cheong2
Google Scholar: https://scholar.google.com/citations?user=ez9uiLYAAAAJ&hl=en

1. Certificate in Crowdfunding, Wharton Business School
2. Graduate Certificate in Learning & Teaching (Higher Education), Swinburne University of Technology, Australia
3. Doctor of Philosophy (Finance), Monash University
4. Bachelor of Business & Commerce (Accounting & Finance) First Class, Monash University

1. Finance

1. International Finance
2. Islamic Finance
3. Corporate Finance
4. Investments
5. Derivatives
6. Fintech

• Financial Economics
• Corporate Finance
• Corporate Governance and Corporate Social Responsibility
• Social and Sustainable Development
• Fintech

Scholarly Publications

1. C. W. H. Cheong, and Sinnakkannu J. (2014). Ethnic Diversity and Firm Financial Performance: Evidence from Malaysia, Journal of Asia-Pacific Business, 15(1), 73-100 [ABDC: C; ERA; SCOPUS: Q2]
2. C. W. H. Cheong, Sinnakkannu, J., and Ramasamy, S. (2017). On the Predictability of Carry Trade Returns: The Case of the Chinese Yuan, Research in International Business and Finance, 39, 358-376 [ABDC: B; ERA; SCOPUS: Q1]
3. C. W. H. Cheong, The Islamic Gold Dinar: A hedge against exchange rate volatility, Accepted conference paper at the World Finance Conference, July 28 – 30, 2017 at Sardinia, Italy.
4. C. W. H. Cheong, Sinnakkannu J., and Ramasamy, S. (2017). Reactive or Proactive? Investor Sentiment as a Driver of Corporate Social Responsibility, Research in International Business and Finance, 42, 572-582. [ABDC: B; ERA; SCOPUS: Q1]
5. C. W. H. Cheong. (2018). The Complementary Effects of Islam and CSR: Some Empirical Evidence, Accepted conference paper at the World Finance Conference, July 25 – 27, 2018 at Pointe aux Biches, Mauritius.
6. C. W. H. Cheong. (2018). The Islamic Gold Dinar: A hedge against exchange rate volatility, Managerial Finance, 44, 722-738. [ABDC: B; ERA; ISI(ESCI); SCOPUS: Q3]
7. C. W. H. Cheong. (2018). Religiosity and Corporate Risk-taking, Asian Journal of Finance and Accounting, 10(2), 81-113. [2016 ABDC: C; ERA]
8. C. W. H. Cheong, Ngui, L. L. H., and Beatrice, S. G. (2018). On Malaysian house price growth: The effects of market sentiments, Asian Journal of Finance and Accounting, 10(2), 167-191. [2016 ABDC: C; ERA]
9. C. W. H. Cheong, Salleh, N., and Fung, C. Y. (2019). The complementary effects of Islam and CSR: Some empirical evidence, Asian Journal of Finance and Accounting, 11(1), 1-28. [2016 ABDC: C; ERA]
10. C. W. H. Cheong, Ramasamy, S. (2019). Bank failure: A new approach to prediction and supervision, Asian Journal of Finance and Accounting, 11(1), 111-140. [2016 ABDC: C; ERA]
11. C. W. H. Cheong. (2019). Risk, Resilience, and Shariah-Compliance, Accepted conference paper at the 21st Malaysian Finance Association Conference, July 31 – August 1, 2019 at Sunway University, Bandar Sunway
12. C. W. H. Cheong, Ngui, L. L. H., and Beatrice, S. G. (2019). Government Intervention vs. Sentiments: Effects on the Malaysian Housing Market, Accepted conference paper at the 21st Malaysian Finance Association Conference, July 31 – August 1, 2019 at Sunway University, Bandar Sunway
13. C. W. H. Cheong. (2019) Cryptocurrencies vs global foreign exchange risk, Journal of Risk Finance, 20(4), 330-351. [ABDC: B; ERA; ISI(ESCI); SCOPUS: Q2]
14. C. W. H. Cheong, M. H. Lee, Weissmann, M. A. (2020). Credit Access, Tax Structure, and the Performance of Malaysian Manufacturing SMEs, International Journal of Managerial Finance (Available Online) [ABDC: A; ISI(ESCI); ERA; SCOPUS: Q2]
15. C. W. H. Cheong. (2021) Risk, Resilience, and Shariah-Compliance, Research in International Business and Finance, 55 [ABDC; ERA; SCOPUS: Q1]
16. Ariff, M., Cheong, C. W. H. (2021). A Study of Sukuk Bond Market-Making at the London Stock Exchange, 2011-20, Paper presented at the 11th Foundations of Islamic Finance Conference 2021, 20-22 March, Sunway University. [CFA Best Paper Award Winner]
17. Ariff, M. Cheong, C. W. H. and Thaker, H. M. T. (2021). A Study of Hotel and Property Sectors in Malaysia: Developers’ Views and Selected Analyses of Price Drivers, Paper presented at the 3rd International Tourism and Retail Services Management Conference 2021, 12-13 October, Sunway University.
18. C. W. H. Cheong, Political Regimes and Its Impact on Gender, Ethnicity and Firm Performance in Malaysia, Asia-Pacific Journal of Business Administration, https://doi.org/10.1108/APJBA-07-2021-0321 [ABDC; ABS; ERA; ISI(ESCI); SCOPUS: Q2]

Book Chapter

1. Mandrinos, S., and Cheong, C. W. H. (2022). When Internationalization Goes Awry: The Separation of Policy and Practice in Intellectual Property, in Delivering Distinctive Value in Emerging Economies: Efficient and Sustainably Responsible Perspectives from Management Researchers and Practitioners, Anning-Dorson, T., Boateng, S. L., and Boateng, R. (eds.), Routledge, UK.

Working Papers

1. Cheong, C. W. H. and Sinnkannu, J. (2012). Ar-rahnu: opportunities and challenges in Malaysia, SSRN Working Paper Series.
2. Cheong, C. W. H. and Sinnkannu, J. (2012). The Islamic Gold Dinar: An Alternative Hedging Tool?, SSRN Working Paper Series.
3. Cheong, C. W. H., Ariff, M., and Rao, N. (2020). Did Financial Markets Overreact to COVID-19?, SSRN Working Paper Series.

Media

1. Cheong, C. W. H. (2022). Quo Vadis, Cryptocurrency? The Edge Weekly, https://www.theedgemarkets.com/content/advertise/quo-vadis-cryptocurrency

Public Engagements

1. Guest Speaker for Market Watch, hosted by Banyan Tree Academy, 16 May 2020
2. Panel Speaker at the Bank Negara Malaysia – Sunway Youth Outreach, 24 July 2020
3. Guest Speaker, AKPK Webinar, Sunway AKPK Club, 22 October 2021
4. Guest Speaker, Bursa Young Investor Challenge 2022, Swinburne University of Technology Sarawak, 13 August 2022

1. Letter of Commendation, Office of the President of Columbia
2. Letter of Commendation, Office of the President of the United States of America
3. Emerald Literati Awards 2020 - Highly Commended Paper, The Journal of Risk Finance
4. CFA Best Paper Award 2021
5. Sunway Student Appreciation of Teaching Award 2021
6. Sunway Student Appreciation of Teaching Award 2022

1. Asian Finance Association
2. Malaysian Finance Association