[Research Interests]  [Funded Projects] 

Funded Projects

2005-2006

• The financing of Investment - BIDDLE, Gary C, HILARY, Gilles H G

• Accounting information and stock returns - CHEN, Peter F, ZHANG, Guochang

• Audit partner industry specialization and earnings quality - CHEN, Chih Ying

• The association between auditor tenure and audit opinion - CHOI, Jong Hag

• A comparison of shareholder identity and governance mechanisms in the monitoring of listed companies in China - CHEN, Kevin C W

• Convergence to international financial reporting standards and analysts' stock recommendations: International evidence - CHEN, Peter F

• The impact of the SEC's regulation of non-GAAP disclosures - HSU, Charles Y

• Accounting conservatism and management forecast frequency: An empirical study
  - HUI, Kai Wai,

• An analysis of fair value measurement basis vs. historical cost basis and managerial incentives - LIU, Xiaohong

• Restatement, incentives and asset value uncertainty - implications for corporate bond pricing and corporate governance design - WU, Min

• Information asymmetry, institutional trading, and cost of capital - ZHANG, Mingshan

• Are investors fooled by affiliated analysts' optimistic forecasts/recommendations?
  - ZHANG, Yong

• Research on my teaching-related topics - RAMASWAMY, K P

• Incremental progression of professional societies - HARVEY, Patrick J

• Earnings quality and use of accounting information in capital investment - CHEN, Zhihong

• How Naive is the market? Evidence from first time adoption of IFRS standards
  - KOH, Ping Sheng

2004-2005

• Accounting alumni, audit firm appointments, and audit committee characteristics - LENNOX, Clive S

• Audit quality and the properties of analysts' earnings forecasts - CHOI, Jong Hag

• The effects of accounting transparency, corporate disclosure and other institutional features on firm-level investment (Part I) - BIDDLE, Gary C

• Ongoing expenditures relating to community and publications - HARVEY, Patrick J

• The legal basis for an award of exemplary, punitive and aggravated damages in breach of contract cases - ARJUNAN, Krishnan

• The effect of regulatory change on accounting conservatism and valuation of US bank shares - CHEN, Peter F

• The relationships between earnings quality and the auditor's tenure and industry expertise: One relationship or two? - CHEN, Chih Ying

• Corporate governance, agency costs, and expected stock returns: Evidence from analysts' earnings forecasts - CHEN, Kevin C W

• The effect of creditor rights on the investment policy - HILARY, Gilles H G

• Inclusion versus exclusion of special items from street earnings: Earnings perception management and market reaction - HSU, Charles Y

• Management forecast strategy and CEO disclosure credibility - HUI, Kai Wai

• Accounting system choice by managers with private information - LIU, Xiaohong

• Research on mergers and acquisitions, educational issues and management accounting - RAMASWAMY, K P

• Are investors fooled by earnings manipulation? Evidence from earnings restatements - WU, Min

• Segment profitability, misvaluation, and corporate divestment - ZHANG, Guochang

• Financial analysts' performance and career concern - BIDDLE, Gary C

• Voluntary disclosure in the presence of the uncertainty about information endowment - PAE, Suil

• The use of analyst forecasts in equity valuation with real options - CHEN, Peter F

• Establishment of student organizations in "Greenfield" Environment - HARVEY, Patrick J

• The convergence of stock price to fundamental value; Cross-sectional differences in the performance of the residual income valuation model - XIE, Shibin

• Private information and collusive behaviors among agents - YOO, Seung Weon

2003-2004

• Audit partner tenure and earnings quality - CHEN, Chih Ying

• The use of analyst forecasts in equity valuation with real options - CHEN, Peter F

• The association between analysts' earnings forecast dispersion and the magnitude of earnings response coefficient:" Noise" or "Uncertainty"? - CHOI, Jong Hag

• The effects of management disclosure incentives and disavowing mandated disclosures on investors' judgments - FREDERICKSON, James R

• Establishment of student organizations in 'Greenfield' Environment - HARVEY, Patrick J

• Information asymmetry and capital structure - HILARY, Gilles HG

• Analysts' following and capital structure - HILARY, Gilles HG

• Accounting alumni, audit firm appointments, and audit committee characteristics - LENNOX, Clive S

• Pre-announcements of bad earnings news: The role of corporate governance and management ownership - LENNOX, Clive S

• The dynamics of audit fee adjustments in the presence of nominal fee rigidities - LENNOX, Clive S

• Voluntary disclosure of earnings components with different value - LIU, Xiaohong

• Voluntary disclosure in the presence of the uncertainty about information endowment - PAE, Suil

• Voluntary disclosure of disaggregated information - PAE, Suil

• Valuation on earnings manipulation - WU, Min

• Regaining trust: Impact of accounting restatements on firm credibility - WU, Min

• Auditors' clients screening and audit effort - YOO, Seung Weon

• An empirical examination of the roles of profitability, earnings and equity book value in valuation - ZHANG, Guochang

2002-2003

• Is comprehensive income useful? (Part II) - BIDDLE, C Gary
• Tunneling and coinsurance between group-affiliated firms in Asia's capital markets: Evidence from cross earnings response coefficients within groups - CHEN, Kevin C W
• Who are misled by the items excluded from Street earnings? Investors or analysts? - CHEN, Chih Ying
• The accounting reform in Korea and its influence on audit markets - CHOI, Jong Hag
• Development of incipient student accounting organizations - HARVEY, Patrick J
• The influence of American unions on bid-ask spreads - HILARY, Gilles H G
• Capital marker induced tax competition among local governments in China - KWAN, Sabrina Y S
• An investigation of CEOs without an explicit employment contract - LEE, Hyun Koo
• Pre-announcements of bad earnings news: The role of corporate governance and management ownership - LENNOX, Clive S
• Managerial ownership and the demand for audit quality - LENNOX, Clive S
• An analysis of the timing of voluntary disclosure - PAE, Suil
• Education research on the impact of soft skills development among undergradate accounting majors - K P RAMASWAMY
• Corporate governance research - WONG, Tak Jun
• Regaining trust: Impact of accounting restatements on firm credibility - WU, Min

2001-2002  

• An empirical assessment of the consensus analyst forecast as a proxy for CEO performance standards -- PARK, Chul Won
• Is comprehensive income irrelevant? -- BIDDLE, Gary C
• The two accounting reforms during the 20th century in China and Russia -- YANG, Jiliang
• Animated digital case materials R&D -- LEE, Fletcher O
• Corporate governance and the liability of directors, shareholders and lenders in Hong Kong and Singapore:  A comparative review -- ARJUNAN, Krishnan
• Do external auditors perform a corporate governance role in emerging markets? Evidence from East Asia -- WONG, Tak-jun
• Real options and the valuation properties of earnings and book value -- ZHANG, Guochang
• Mechanism design when agents can collude -- XU, Dingbo
• Discretionary disclosures of information quality  -- PAE, Suil
• The association between the write-off of acquired R&D-in-process and the capitalization of software development costs  -- LEE, Hyun Koo
• Stock options -- FREDERICKSON, James R
• Is comprehensive income irrelevant?  -- CHOI, Jong Hag
• The strategic release of street earnings -- CHEN, Chih Ying
• The effects of mandatory managerial earnings forecasts on analysts' activities and value relevance of earnings information in Taiwan -- CHEN, Kevin C W
• Opinion shopping in the United States and the role of audit committees -- LENNOX, Clive S
• Audit committee participation in the selection of audit firms -- LENNOX, Clive S

2000-2001

• Does the CEO Bear A Cost From Missing An Earnings Target? -- PARK, Chul Won
• Who Benefits More From EVA®: Shareholders Or Executives? -- BIDDLE, Gary C
• Effect of Ambiguity On Tax Compliance: An Experimental Assessment -- KIM, Chung Kweon
• The Impact of Improved Auditor Independence On Audit Market Concentration In China -- WONG, Tak-jun
• Segment Reporting By Hong Kong Listed Companies: Current Practices And Management Motives -- CHEN, Peter F
• PRC Capital Markets: Bond and Mutual Fund Markets -- SEMKOW, Brian W
• The Valuation of Cash Flows and Accruals by Life Cycle Stage -- BIDDLE, Gary C
• Market Reactions to Changes in Analyst Consensus Recommendations Following Quarterly Earnings Announcements -- PARK, Chul Won
• Continuation of Research on Mergers and Acquisitions -- RAMASWAMY, K P
• Capital Investment Decisions and the Incremental Value Impact of Segment Accounting Data: A Theoretical Analysis -- ZHANG, Guochang
• Intrusion of Equity in Commercial Transactions in Hong Kong, Malaysia and Singapore: A Comparative Analysis -- ARJUNAN, Krishnan
• Optimal Authority Allocation for Teams -- YOO, Seung Weon
• Comments on Western View of Accounting in China -- YANG, Jiliang
• Individual Accounts in Incentive Contracts -- XU, Dingbo
• Discretionary Disclosure, Signal Informativeness, and Efficiencies -- PAE, Suil
• Over-reactions in Analysts' Forecasts and the VIP Anomaly -- LI, Alison A
• Access to the Courts and Labour Tribunals under the PRC Labour Law Reform of 1994 -- LEE, Fletcher O
• The Relationship between Equity Incentive and Managers' Private Information -- LEE, Hyun Koo
• The Timing of Management Earnings Forecasts as a Signal of Persistance/Significance of the News -- CHOI, Jong Hag
• Job Offers of Accounting Students: An Exploratory Study of the Effects of Academic Performance and Emotional Intelligence -- CHIA, Yew Ming
• Investment Opportunities and the Market Valuation of Executive Stock Options -- CHEN, Chih Ying
• Auditing, Litigation, and Settlement under Alternative Methods for Allocation of Legal Costs -- CHAN, Derek K W

1999-2000

• An international comparison of career drivers among accounting students in HKSAR, Singapore and Australia -- CHIA, Yew Ming
• Investment and information dynamics in the residual income model  -- BIDDLE, Gary C
• A reexamination of bias in management earnings forecasts  -- CHOI, Jong Hag
• Modelling bargaining powers in a supply-chain -- XU, Dingbo
• Human resources management in China since the labour law reform of 1994 -- LEE, Fletcher O
• The characteristics and ownership consequence of reload option users -- LEE, Hyun Koo
• The impact of SFAS no. 2 on R&D expenditures -- CHAN, Derek K W
• The incremental usefulness of segment data in equity valuation: An empirical investigation  -- CHEN, Peter F
• Company law in Hong Kong and China: A comparative review of essential features and emerging trends -- ARJUNAN, Krishnan  
• Learning in principal-agent settings -- FREDERICKSON, James R.
• The role of honest taxpayers to strategic taxpayers' compliance decisions: Theory and experiment -- KIM, Chung Kweon
• Persistence in financial distress and the differential information content of cash flows -- LI, Alison A
• Optimal disclosure policy in oligopolistic markets:  A rationale for reporting disaggregate information -- PAE, Suil
• The reversal of abnormal accruals and the market valuation of earnings surprises -- PARK, Chul Won
• Determinants of long-term performance of mergers & acquisitions -- RAMASWAMY, K P
• Tax compliance enforcement with the taxpayer population and audit budget constraint in mind -- YIM, Andrew T L
• Collusion and moral hazard problems of a tax inspector -- YOO, Seung Weon
• A theoretical examination of the impact of private information and public disclosure on the cost of capital -- ZHANG, Guochang
• Accounting in a Century of Revolution and Reform in China -- Lee, Jevons C W
• Accounting reforms: A comparison between Chinese and Russian practices -- YANG, Jiliang
• Financial statement reconciliations: Types and numbers for Hong Kong H-shares -- MILLER, Gary A
• One country two legal systems: Myth or reality -- WONG, W Mary  

1998-1999

• The effects of CEO turnover and management incentives on divestitures -- CHEN, Peter F
• Inside performance information and compensation: A case of employee stock options -- LEE, Hyun Koo
• Selection of appropriate investment vehicles in the PRC     -- WONG, W Mary
• Errors in analysts' long-term earnings growth forecasts and their implications for the B/P and E/P anomalies -- LI, Alison A   
• Accounting in China in the 1950s -- YANG, Jiliang    
• The impact of non-audit services and legal damages on auditor effort and report decisions -- CHAN, Derek K W   
• Identifying and valuing intangibles -- DOTAN, Amihud and AHARONY, Joseph
• The independent and interactive effects of information asymmetry and environmental uncertainty on top-down budgeting -- FREDERICKSON, James R.; PEFFER, Sean
• The role of fairness in ultimatum games    - KIM, Chung Kweon   
• Impact of exceptional items on profits: An exploratory study for Hong Kong - MILLER, Gary A   
• Costs and benefits of disclosure policies in the presence of private demand and cost information - PAE, Suil   
• Analyst reputation and the market reaction to forecast revision announcements - PARK, Chul Won; STICE, Earl K
• Continuation of my research on (1) mergers & acquisitions and (2) international aspects of management accounting - RAMASWAMY, K P    
• Containing CEO corruption: The usefuless and limitations of accounting - XIANG, Bing   
  An equilibrium analysis of unsolicited credit ratings -- XU, Dingbo   
• Optimal incentives in teams -- YOO, Seung Weon    
• Ambiguity aversion and optimally incomplete contract -- YIM, Andrew T L   
• Management compensation and EVATM -- BIDDLE, Gary C    
• Tax-motivated earnings management in a transitional economy: The case of the "double holiday triple reduction" policy in china -- KWAN, Sabrina Y S; LEE, Jevons C W; CHOW, Lynne   
• The effectiveness of accounting-based regulation: The case of china securities regulatory commission's efforts to restrict stock rights offerings -- CHEN, Kevin C W   
• Dividend policy as an instrument of earnings shifting: The case of Chinese listed companies -- WONG, Tak-jun; LEE, Jevons C W
• Mergers, acquisitions, and economics performance in China: Institutional changes and firm strategies -- LEE, Fletcher O; PENG, Mike W

1997-1998

• Auditor mergers and public interests -- CHAN, Derek K W   
• The effect of competition on CEO turnover -- PARK, Chul Won;   DEFOND, Mark L
• Endogenous assurance and optimal legal liability in a sequential audit process -- PAE, Suil
• Development of teaching cases on the accounting practice of Chinese enterprises -- XIANG, Bing   
• Auditor/client negotiation and reporting delay -- XIE, James   
• Lease financial statement accounting practices -- types and numbers for Hong Kong   -- MILLER, Gary A   
• Reliance on decision aids: The effects of incentive compensation and feedback -- FREDERICKSON, James R. ;   PRATT, Jamin
• The holding company phenonmenon of China's Share Captial Companies (SCCs) and its accounting issues -- YANG, Jiliang   
• Long-term commitment and information sharing  -- XU, Dingbo   
• The interaction of culture and equity in tax compliance: Experimental investigation in Hong Kong and the U.S.A. -- KIM, Chung Kweon    
• The informational value of financial statements based on International Accounting Standards (IAS): The case of China's A- and B-share experiment --   CHEN, Kevin C W
• Tax-motivated earnings management in a transitional economy: The case of Foreign Investment Enterprises in China -- KWAN, Sabrina Y S    
• Tax compliance game with uncertainty-sensitive taxpayers: an application and refinement of the Choquet expected utility theory  -- YIM, Andrew T L   
• Firm strategies and economic performance in China --   LEE, Fletcher O   
• Cooperation and incentives in teams --  YOO, Seung Weon   
• Review powers on certiorari: A comparative study of legal developments in Hong Kong and Malaysia  --  ARJUNAN, Krishnan   
• A regional comparison of the career drivers of accounting students in HK SAR and Shanghai  --  CHIA, Yew Ming   
• Identifying and valuing intangibles  --  DOTAN, Amihud   
• Further evidence on the usefulness of EVATM --   BIDDLE, Gary C   
• Determinants of post-merger performance and comparison of tender offers vs. mergers; cash buy-outs vs. stock swago --   RAMASWAMY, K P    
• Stock splits and stock dividends: The importance of identifying the actual accounting treatment  --  STICE, Earl K    
• The costing system and managerial uses of cost information in the Shanghai petrochemical company: A field study --   ZHANG, Guochang ;    XIANG, Bing
• Which accounting is best? A transnational comparison   --  BIDDLE, Gary C   
• The law of Chinese financial markets and institutions-the legal issues of the liberalization and internationalization of the financial regulatory regime --   SEMKOW, Brian W   
  

1996-1997

• An examination of equity carve-outs in Hong Kong --    KWAN, Sabrina Y S
• Profiling the career drivers of public accountants in the Big Six accounting firms --   CHIA, Yew Ming   
• A comparison of the executive compensation structure of firms managed by founders and hired managers  --  CHEN, Kevin C W    
• (1) Comparative research on management accounting (2) Long-term performance issues of mergers & acquisitions  --  RAMASWAMY, K P    
• Curse of knowledge in ultimatum games: experimental evidence  --  KIM, Chung Kweon   
• The effects of proportionate liability rule on audit quality and capital investment  --  CHAN, Derek K W   
• The relationship between write-offs and future stock performance --   STICE, Earl K   
• Firm value, audit quality, and social welfare in the presence of costly litigation against auditors --   PAE, Suil   
• Managerial corruption and owner-manager firms --   XIANG, Bing   
• PRC regulations on collective investment schemes: Current developments, problems and prospects  --  WONG, Wendy S W   
• Investors evaluation of changes in inventory levels: A comparative analysis of US and Israeli manufacturing firms --   AHARONY, Joseph    
• Abnormal profitability and investment, and their links to return-earnings relations --   PARK, Chul Won   
• Large shareholder expropriation, control mechanisms, and corporate ownership structure    ZHANG, Guochang   
• Toward a framework for financial statement analysis: A test of EBFO & the valuation-relevance of EVATM --   BIDDLE, Gary C    
• The costs and benefits of sharing the buyer's private information --   XU, Dingbo   
• Chinese financial markets and institutions: The legal issues of the liberalization and internationalization of the financial regulatory regime --   SEMKOW, Brian W   
• Corporate governance , managers' voluntary disclosure, and private information production: A Hong Kong study  --  HAN, Jerry C Y;     LI, Lode
• Variance investigation in a renegotiable contract framework --   YIM, Andrew T L    ANTLE, Rick
• Financial statement disclosure - Purposes, subject and number, the Hong Kong experience  --  MILLER, Gary A   
• China and the law merchant --   LEE, Fletcher O    
• China's Accounting, Theories and Practice   -- YANG, Jiliang   
• Initiation of high impact area of accounting practice of Chinese enterprises  --  XIANG, Bing   
• Initiation of high impact area of China law and business practice --   LEE, Fletcher O   
• Integration and coordination of management decisions   -- LI, Lode ;   LEDERER, Phillip
• The effect of audit fees on auditor independence: Evidence from earnings management among Hong Kong listed companies  --  WONG, Tak-jun    
• Fundamental valuation of takeover premium  --   LEE, Jevons C W  

1995-1996

• On the relative aggressiveness of financial statements' preparers and users in interpreting vague thresholds: The case of SFAS No.5 --    AHARONY, Joseph   
• "Low-balling" and efficiency in a two-period specialization model of auditing competition --    CHAN, Derek K W    
• Equity valuation indicators for Hong Kong companies --   CHAN, Andrew H T   
• What drives the accounting students?  --  CHIA, Yew Ming   
• The effect of audit quality on earnings management  --   DEFOND, Mark L   
• The economics of law  --  GENSLER, Howard J    
• An experimental test of herd behavior in investment decisions  --  KIM, Chung Kweon   
• Capital markets law: Structuring debt and equity financing-including micromodels for Hong Kong business and industry, and macromodels for privatization of PRC state enterprises --   LEE, Fletcher O   
• Long-run associations between stock prices, dividends, and accounting earnings --    LEE, Jevons C W;    NOREEN, Eric W; GU, Zhaoyang
• What do stock splits really signal?   --   STICE, Earl K   
• Restructuring the PRC's state-owned enterprises: the case of Shanghai petrochemical. --   XIANG, Bing   
• Division controllership reporting arrangements and renegotiable contracts: Will the principal ever prefer wider asymmetry of information?   --  YIM, Andrew T L   
• Insider trading and corporate investment decisions    --  ZHANG, Guochang   
• Integration and coordination of management decisions   --  LI, Lode;    LEDERER, Phillip
• Long-term performance issues in mergers & acquisitions and accounting control systems in East Asia  --  RAMASWAMY, K P    
• Corporate governance in Hong Kong: Are changes needed?   --  MILLER, Gary A   
• Incentives and cost behaviour in hospitals  --   KALLAPUR, Sanjay    ELDENBURG, Leslie
• Sample size determination and achieved power using the augmented variance estimator (AVE)   -- ROHRBACH, Kermit J   
• Accounting choices and valuation of initial public offerings of Chinese common shares   -- WONG, Tak-jun;     AHARONY, Joseph; LEE, Jevons C W
• A theory of accounting changes and its test using depreciation method switches --   PARK, Chul Won   
• Chinese corporate governance and finance: the domestic, regional and international implications  --  SEMKOW, Brian W

1994-1995

• Ownership structure and economic performance: the PRC experience  --  XIANG, Bing ;   WU, Woody Y; XIAO, Geng
• The effect of inflations shocks on stock price studies of the 1974 - 975 LIFO adoption  --  PARK, Chul Won   
• Incentives and opportunities for earnings management in initial public offerings  --  WONG, Tak-jun   
• In-substance defeasances: Do investors view them as off-balance-sheet financing? --   LI, M L Mandy   
• Earnings management in the initial public offerings market in Hong Kong  --  CHEUNG, Joseph K L   
• An examination of the new China tax system --   GENSLER, Howard J   
• Incentive effects of average rate of return on assets   --  PELES, Chaim Y   
• The role of capital rationing in disciplining corporate managers  --  ZHANG, Guochang   
• The differential effects of short and long-term accounting accruals across different accounting and economic environments: A comparison of Hong Kong, China, and USA markets  --   CHAN, Andrew H T   
• The role of fairness in determining tax reporting behavior: An experimental approach --  KIM, Chung Kweon   
• The value to the firm of alternative executive compensation methods  --  ROHRBACH, Kermit J    KANG, Joo Hun
• Government policy and state enterprises in China --    LEE, Jevons C W   
• Foreign financial institutions in Japan  --   SEMKOW, Brian W   
• Comparative field study on control systems and managerial accounting in India and Hong Kong --   RAMASWAMY, K P   
• Accounting and market characteristics of acquired firms: A comparativeanalysis by mode of acquisition --   AHARONY, Joseph    
• Shougang: Lessons from the rise and fall of an individual giant of PRC --   YANG, Jiliang ;  LIU, Hai-Min
• Academic's opinions - proposed statement, "Accounting for taxes on income" issued for comment by the International Accounting Standards committee  --  MILLER, Gary A   
• An examination of the PRC tax procedure system  --   GENSLER, Howard J ;   YANG, Jiliang
• Performance predictability based on Chinese versus international standards: An empirical study of PRC enterprises with A, B & H share listings  --  CHUI, Alice P L ;   TSE, Woon Lam; WONG, Danny S N
• Earnings manipulation and management buy out --    WU, Woody Y  ;  ZHANG, Guochang; LEE, Jevons C W
• Restructuring Chinese enterprises --   LEE, Jevons C W   

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