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Accounting Research
The 2016 HKUST
Accounting Research

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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 13th worldwide in publications in top three accounting journals in the last ten years (2006-2015). <Learn More>



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
  • ALLEN HUANG, Reuven Lehavy, Amy Zang and Rong Zheng. "Analyst Information Discovery and Interpretation Roles: A Topic Modeling Approach,” Management Science, forthcoming
  • ALLEN HUANG, Vivian Fang and Wenyu Wang. "Imperfect Accounting and Reporting Bias,” Journal of Accounting Research, forthcoming.
  • 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, Vol 62, Issue 1, pp.46-64.
  • ZHANG, GUOCHANG, Liuchuang Li, Baolei Qi and Gaoliang Tian. "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  Economics, Forthcoming.
  • PINGSHENG KOH, I. Cuypers and H. Wang. "Sincerity in Corporate Philanthropy, Stakeholder Perceptions and Firm Value" Organization Science, forthcoming.
  • PETER CHEN, DERRALD STICE, Shaohua He and Zhiming Ma. "The Information Role of Audit Opinions in Debt Contracting." Journal of Accounting and Economics
  • 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 Economics, Forthcoming,
  • KOH, PINGSHENG and D. Reeb. (2015). "Missing R&D" Journal of Accounting and Economics 60, pp. 73-94.
  • 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, Forthcoming.
  • WANG, 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 14 (2015), pp41-85.
  • 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 28, 1242-1283.
  • CHEN, KEVIN and Feng Tang. "Post-IFRS Revaluation Adjustments and Executive Compensation." (Conditionally accepted at Contemporary Accounting Research).
  • HUNG, MINGYI, Hyun Hong and Jieying Zhang. (2016) "The use of debt covenants worldwide: Institutional determinants and implications on financial reporting."  Contemporary Accounting Research 33, 644-681.
  • HUI, KAI WAI and Steve Matsunaga. "Are CEOs and CFOs Rewarded for Disclosure Quality?" The 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 (September): 1099-1127.
  • 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. (2015) "The Value of Political Ties versus Market Credibility: Evidence from Corporate Scandals in China." Contemporary Accounting Research 32, 1641-1675.
  • 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, pp.2151-2180.
  • HUNG, MINGYI, Hyun Hong and Gerald Lobo. (2014). "The impact of mandatory IFRS adoption on IPOs in global capital markets." (2014). The Accounting Review, 89, 1365-1397.
  • 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 Research, Forthcoming.
  • 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 (3), 2013.

     List of Recent Faculty Research Publications