HKUST is Asia's premier accounting program,
combining world-leading research,
award-winning teaching, outstanding students, and a state-of-the-art
curriculum to train tomorrow's leaders. All faculty are PhDs
from the world's foremost universities -
such as, Chicago, Illinois, London Business School,
Oregon, Oxford, Purdue, Rochester, Texas, UBC and UCLA, - who offer
cutting-edge insights and international perspective vital for career
success in the 21st
Century. HKUST's curriculum develops
all-round knowledge, communications, professional and leadership
skills that employers want. HKUST attracts Hong Kong's best
students and HKUST graduates earn top job offers and honors on CPA exams.
HKUST is accredited unconditionally by the Hong Kong Institute of
Certified Public Accountants. In 1999, HKUST became the first
accounting program outside North America to win accreditation from
AACSB, the premier accrediting agency for business schools. According to <The UTD
Top 100 Business
School Research Rankings>, the Department ranks
publications in top three accounting journals in the last ten years
HKICPA QP Case
Analysis Competition 2015
HKICPA QP Case
Analysis Competition 2014
HKUST places 2nd in Greater China
in Deloitte Tax Championship
Our Newest Publications
- MINGYI HUNG, XI LI. "Board reforms
and firm value: Worldwide evidence." (2016) Journal of
Financial Economics, forthcoming (with Larry Fauver, Xi Li, and Alvaro G. Taboada)
- HSU, CHARLES, Gilles Hilary, Benjamin
Segal and Rencheng Wang. "The Bright Side of Managerial
Over-optimism”, Journal of Accounting and
Economics, 2016, forthcoming.
- ZHANG, GUOCHANG, Liuchuang Li, Baolei
Qi and Gaoliang Tian. (2016) "The Contagion Effect of
Low-quality Audits Along Individual Authors." The
Accounting Review 91 (November), Forthcoming.
- HAIFENG YOU and Kevin Li. " What is
the Value of Sell-Side Analysts? Evidence from Coverage
Initiations and Terminations." Journal of Accounting and
- PINGSHENG KOH, I. Cuypers and H.
Wang. "Sincerity in Corporate Philanthropy, Stakeholder
Perceptions and Firm Value" Organization Science,
- PETER CHEN, DERRALD STICE, Shaohua He
and Zhiming Ma. "The Information Role of Audit Opinions in
Debt Contracting." Journal of Accounting and
- HAIFENG YOU and Richard Sloan.
(2015). "Wealth Transfers via Equity Transactions."
Journal of Financial Economics 118(1): 93-112.
- CHEN, ZHIHONG, Hong Zhu and Oliver
Li. "Directors' and Officers' Liability Insurance and the
Cost of Equity." Journal of Accounting and
- KOH, PINGSHENG and D. Reeb.
R&D" Journal of Accounting and Economics 60,
- HUANG, ALLEN, Vivian Fang and Jon
Karpoff. "Short Selling and Earnings Management: A
Controlled Experiment" Journal of Finance, June
2016, Vol. 71, Iss. 3, pp. 1251-1293.
- CHEN, PETER, Chih-Ying Chen and
Qinglu Jin. "Economic
Freedom, Investment Flexibility, and Equity Value: A
Cross-Country Study." The Accounting Review,
SHIHENG, CHEN, TAI-YUAN, Chen Lung Chin and Ren-Yao Yao. "The
Effects of Financial Reporting on Bank Loan Contracting in
Global Markets: Evidence from Mandatory IFRS Adoption"
Journal of International Accounting Research
- HUNG, MINGYI, XI LI and SHIHENG
WANG. (2015) "Post-earnings-announcement drift in global markets:
Evidence from an information shock." The Review of Financial Studies
- CHEN, KEVIN and Feng Tang. "Post-IFRS
Revaluation Adjustments and Executive Compensation."
(Conditionally accepted at Contemporary Accounting
- HUNG, MINGYI, Hyun Hong and Jieying
Zhang. (2016) "The use of debt covenants worldwide:
Institutional determinants and implications on financial
reporting." Contemporary Accounting Research
- HUI, KAI WAI and Steve Matsunaga.
"Are CEOs and CFOs Rewarded for Disclosure Quality?"
Accounting Review, Forthcoming. (with Steve Matsunaga).
- CHARLES HSU, Frank Heflin and Qinglu
Jin. "Accounting Conservatism and Street Earnings."
Review of Accounting Studies 20, 2015, pp. 674-709.
- ZHANG, GUOCHANG, Hou, Qingchuan,
Qinglu Jin, Rong Yang and Hongqi Yuan. "Performance
Commitments of Controlling Shareholders and Earnings
Management." Contemporary Accounting Research 32
- HUNG, MINGYI, Mark DeFond, Siqui Li
and Yinghua Li. "Does Mandatory IFRS Adoption Affect Crash
Risk?" The Accounting Review 90, 265-299.
- HUNG, MINGYI, TJ Wong and Fang Zhang.
"The Value of Political Ties versus Market Credibility:
Evidence from Corporate Scandals in China." Contemporary Accounting Research
- CHEN, K.C.W, CHEN, TAI YUAN, L.H. Chan and Y. Yu.
"Substitution between Real and Accrual-Based Earnings
Management after Voluntary Adoption of Compensation Clawback
Provisions." The Accounting Review, forthcoming.
- HUANG, ALLEN, ZANG AMY and Rong Zheng.
"Evidence on the Information Content of Text in Analyst Reports"
The Accounting Review, November 2014, Vol. 89, No. 6,
- HUNG, MINGYI, Hyun Hong and
Gerald Lobo. (2014). "The impact of mandatory IFRS adoption on IPOs
in global capital markets." (2014). The Accounting Review,
- HSU, CHARLES, Gilles Hilary and
Rencheng Wang. (2014) "Management Forecast
Consistency." Journal of Accounting Research,
52, pp. 163-191.
- ZHANG, GUOCHANG. (2014) Accounting
Information and Equity Valuation: Theory, Evidence, and
Applications. Springer Series in Accounting Scholarship,
Vol. 6. Springer: New York (233 pages)
- HSU, CHARLES and Qinglu Jin. "The
Efficiency of Earnings Forecast Pricing." Journal of
Accounting and Public Policy 33, 2014, pp. 490-509.
- CHEN, K. C. W , CHEN, TAI YUAN and L.
H. Chan. "The effects of firm-initiated clawback provisions on
bank loan contracting." Journal of Financial Economics,
Vol. 110, 2013, pp. 659-679.
- YOU, HAIFENG. (2014). "Valuation-driven
Profit Transfer among Corporate Segments." Review of
Accounting Studies. 19(2): 805-838.
- HUI, KAI WAI, Eric Yeung.
"Underreaction to Industry-Wide Earnings and the
Post-Forecast Revision Drift." Journal of Accounting
- CHEN, TAI YUAN, S. Dasgupta and Y.
Yu. "Transparency and financing choices of family firms,
Journal of Financial and Quantitative Analysis, Forthcoming.
LI, XI, Guodong Gao, Rodney Sullivan and Danielle Yu. "Sell-side Analysts and
Gender: A Comparison of Performance, Behavior, and Career Outcomes."
Financial Analysts Journal, Forthcoming.
LI, XI. (2014). "The Sarbanes-Oxley Act and Cross-listed Foreign Private Issuers."
Journal of Accounting and Economics 58, 21-40
HSU, CHARLES and Gilles Hilary. (2013)." Analyst Forecast Consistency."
Journal of Finance 68, pp. 271–297.
- ZHANG, GUOCHANG. (2013). "Accounting
Standards, Cost of Capital, Resource Allocation, and Welfare
in a Large Economy." The Accounting Review 88
of Recent Faculty Research Publications