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The 2014 HKUST
Accounting Research



The 2013 HKUST
Accounting Research

Accounting Workshops
Archives Workshops
Awards & Achievements
List of Research Databases








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 15th worldwide in publications in top three accounting journals in the last ten years (2003-2012). <Learn More>



HKUST places 2nd in Greater China
in Deloitte Tax Championship


Our Newest Publications
  • HUNG, MINGYI, Mark DeFond, Siqui Li and Yinghua Li. "Does Mandatory IFRS Adoption Affect Crash Risk?" The Accounting Review, forthcoming.
  • HUNG, MINGYI, TJ Wong and Fang Zhang. "The Value of Political Ties versus Market Credibility: Evidence from Corporate Scandals in China." conditionally accepted at 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, Forthcoming.
  • HUNG, MINGYI, Hyun Hong and Gerald Lobo. "The impact of mandatory IFRS adoption on IPOs in global capital markets." (July 2014). The Accounting Review, forthcoming.
  • HSU, CHARLES, Gilles Hilary and Rencheng Wang. "Management Forecast Consistency." Journal of Accounting Research, 52, 2014, 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, forthcoming.
  • 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. "Valuation-driven Profit Transfer among Corporate Segments." Review of Accounting Studies, Forthcoming.
  • 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, "An Examination of the Impact of the Sarbanes-Oxley Act on Cross-listed 
    Foreign Private Issuers and the Legal Bonding Hypothesis." 
    Forthcoming in Journal of Accounting and Economics 
  • 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.
  • CHEN, KEVIN, CHEN, TAI YUAN, L. Chan and Y.Yu. (2012). "The Effects of Firm-initiated Clawback Provisions on Earnings Quality and Auditor Behavior." Journal of Accounting and Economics 54, pp. 180-196.
  • CHEN, TAI YUAN, L. Chan, S. Janakiraman and S. Radhakrishnan. (2012). "Reexamining the Relation between Audit and Non-audit Fees: Dealing with Weak Instruments in Two-stage Least Squares Estimation." Journal of Accounting Auditing and Finance, July 2012.
  • YOU, HAIFENG and Patricia Dechow. (2012). " Analysts' Motives for Rounding EPS Forecasts." The Accounting Review 87 (6), 1939-1966.
  • YOU, HAIFENG, Neslihan Ozkan and Zvi Singer. (2012). "Mandatory IFRS Adoption and the Contractual Usefulness of Accounting Information in Executive Compensation." Journal of Accounting Research, 50(4): 1077-1107.
  • YOU, HAIFENG, Scott Richardson and Richard Sloan. (2012). "What Drives Stock Prices Move? Fundamentals v. Investor Recognition." Financial Analyst Journal 68(2): 30-50.
  • YOU, HAIFENG, Maria Nondorf and Zvi Singer. (2012). "A Study of Firms Surrounding the Threshold of Sarbanes-Oxley Section 404 Compliance." Advances in Accounting 28 (1):96-110.
  • HUI, KAI WAI, Sandy Klasa and Eric Yeung. (2012). "Corporate Suppliers and
    Customers and Accounting Conservatism." Journal of Accounting and Economics,
    Vol. 53, Issues 1-2, Feb - April, pp. 151-135.
  • ZANG, Amy. (2012). "Evidence on the Trade-Off between Real Activities Manipulation 
    and Accural-Based Earnings Management." The Accounting Review, March 2012, 
    87 (2) 675-703.
  • ZHANG, GUOCHANG and Yuan Huang and Z (2012). " An Examination of the Incremental 
    Usefulness of Balance-Sheet Information Beyond Earnings in Explaining Stock 
    Returns." Journal of Accounting, Auditing and Finance, 27(2), pp. 267-293.
  • CHEN, KEVIN C W, Zhihong Chen and K C John Wei. (2011). "Agency Costs of Free Cash Flow and the Effect of Shareholder Rights on the Implied Cost of Equity Capital." Journal of Financial and Quantitative Analysis, Vol. 46, No. 1, pp. 171-207.

  • HILARY, GILLES, CHARLES, HSU. (2011). "Endogenous Overconfidence in Managerial Forecasts." The Journal of Accounting and Economics 51, pp. 300-313. 

  • HSU, CHARLES, Bill Kross. (2011). "The Market Pricing of Special Items that are Included Versus Excluded from "Street" Earnings. Contemporary Accounting Research 28, pp. 990-1017.

  • WANG, SHIHENG, Hongping Tan and Michael Welker (2011). "Analyst Following 
    and Forecast  Accuracy after Mandated IFRS Adoptions." 
    Journal of Accounting Research 49, pp. 1307-1357.
  • WANG, SHIHENG, Michael Welker. (2011). "Timing Equity Issuance in Response
    to Information Asymmetry Arising From IFRS Adoption in Australia and Europe."
    Journal of Accounting Research 49, pp. 257-307.
  • YOU, HAIFENG and Zvi Singer. (2011)."The Effect of Section 404 of the Sarbanes-Oxley Act on Earnings Quality." Journal of Accounting, Auditing and Finance.
    Vol. 26, 3, pp. 556-589. 

  • ZHANG, GUOCHANG, shengquan Hao, and Qinglu Jin. (2011). "Relative Firm Profitability and Stock Return Sensitivity to Industry-Level News." The Accounting Review 86, (July) Vol. 86, No. 4, 1321-1347.

  • ZHANG, GUOCHANG, shengquan Hao, and Qinglu Jin. (2011). "Investment Growth and The Relation between Equity Value, Earnings, and Equity Book Value. The Accounting Review 86 (March), Vol. 86,  605-635.

  • ZHANG, GUOCHANG and Yuan Huang. (2011). "The Informativeness of Analyst
    Forecast Revisions and the Valuation of R&D-intensive Firms."
    Journal of Accounting and Public Policy Volume 30, (1), pages 1-21.
  • HILARY, GILLES, Yuk Ying Chang and Sudipto Dasgupta. (2010). "CEO Ability, Pay, and Firm Performance." Management Science, Vol. 56, Iss. 10, pp. 1633-1652

  • HUI, KAI WAI, Linda Smith Bamber and P. Eric Yeung. (2010). "Managers' EPS Forecasts" Nickeling and Diming the Market?" The Accounting Review, Vol. 85, No. 1, 63-95.

  • LENNOX, CLIVE, Jeff Pittman. (2010). "Auditing the Auditors: Evidence on the Recent Reforms to the External Monitoring of Audit Firms." Journal of Accounting and Economics 49, 84-103.

  • YOU, HAIFENG and Ryan Lafond. (2010). "The Federal Deposit Insurance Corporation Improvement Act, Bank Internal Controls and Financial Reporting Quality." Journal of Accounting and Economics 49 Vol. 1-2: 75-83.

     List of Recent Faculty Research Publications