YIP PICK SCHEN

@usm.my

Senior Lecturer, Finance and Islamic Finance Section, School of Management
Universiti Sains Malaysia

Yip Pick Schen is senior lecturer in School of Management, Universiti Sains Malaysia. In 2016, she was awarded the Australian Endeavour Research Fellowship as a visiting researcher at the Monash University, Australia. She has published research articles in high-impact journals such as Energy Economics (IF: 14.2), the International Review of Financial Analysis (IF: 9.8), and The North American Journal of Economics and Finance (IF: 3.9).

EDUCATION

- PhD in Applied Finance (Statistics), Universiti Malaya
- Master of Business Administration (Finance), Universiti Putra Malaysia
- Bachelor degree of Management (Technology), Universiti Teknologi Malaysia

RESEARCH, TEACHING, or OTHER INTERESTS

Finance, Economics, Econometrics and Finance, Finance
5

Scopus Publications

Scopus Publications

  • Bridging Digital Finance and ESG Success: The Role of Financing Constraints, Innovation, and Governance
    Zhengren Luo, Pick Schen Yip, Robert Brooks
    International Journal of Financial Studies, 2025
    This study investigates the impact of digital finance on corporate ESG performance, using panel data from A-share listed companies on the Shanghai and Shenzhen stock markets between 2011 and 2022. Our findings demonstrate that digital finance significantly enhances corporate ESG outcomes, with financing constraints and digital transformation serving as partial mediators and internal control quality acting as a moderating factor. The results from channel tests indicate that digital finance facilitates notable improvements in social performance and corporate governance, while its influence on environmental performance remains limited. Further analysis reveals that the positive impacts of digital finance on ESG are more evident in small-scale, technology-intensive, and non-polluting firms. This study concludes by proposing tailored recommendations for government, financial institutions, and corporations, emphasizing the need for differentiated policies to elevate ESG practices and promote higher quality, sustainable economic, and social development in China.
  • Portfolio balance effect of the U.S. QE between commodities and financial assets in commodity-exporting countries
    Pick Schen Yip, Wee-Yeap Lau, Robert Brooks
    North American Journal of Economics and Finance, 2024
    This study analyses the portfolio balance channel of the U.S. quantitative easing (QE) by assessing the dynamic spillover effect between commodities and financial assets in commodity-exporting countries during QE. This study integrates the generalized spillover index initially proposed by Diebold and Yilmaz (2012) for the fractional integration VAR model. Then, we estimate the multivariate framework of the Westerlund and Narayan (2015) (WN)-based predictive model to quantify the effect of the portfolio balance channel on the net pairwise spillover index from the U.S. to other countries. Our results show: first, for bond yields, that Asian and Pacific bond yields are impacted by both commodity price indices returns and the U.S. bond yields across the sample periods. However, mixed evidence is found for both Latin America and Others; second, for equity, dynamic net return spillovers contribute mixed evidence across regional groups during QE. The diverse results are partly explained by the average percentage of commodity exports to total exports of the country and the degree of close interrelationship between countries. Additionally, dynamic return spillover analyses show that most foreign exchange returns are negative net spillovers during QE, supporting the behavior of “commodity currencies.” Last, the WN-based predictability models show pronounced differences in predictability across the selected commodity-exporting countries.
  • What drives cross-market correlations during the United States Q.E.?
    Pick Schen Yip, Robert Brooks, Hung Xuan Do, Xuan Vinh Vo
    International Review of Financial Analysis, 2022
  • Dynamic volatility spillover effects between oil and agricultural products
    Pick Schen Yip, Robert Brooks, Hung Xuan Do, Duc Khuong Nguyen
    International Review of Financial Analysis, 2020
  • Dynamic spillover between commodities and commodity currencies during United States Q.E.
    Pick Schen Yip, Robert Brooks, Hung Xuan Do
    Energy Economics, 2017