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
HKUST places 2nd in Greater China
in Deloitte Tax Championship
Our Newest Publications
- 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." conditionally accepted at The Accounting Review.
- HUANG, ALLEN, ZANG AMY and Rong Zheng.
"Evidence on the Information Content of Text in Analyst Reports"
The Accounting Review, Forthcoming.
- HUNG, MINGYI, Mark DeFond, Siqui Li
and Yinghua Li. "Does Mandatory IFRS Adoption Affect Crash
Risk?" 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,
- 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
- 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
- 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
between Audit and Non-audit Fees: Dealing with Weak
Instruments in Two-stage Least Squares Estimation." Journal of Accounting
Finance, July 2012.
- YOU, HAIFENG and Patricia Dechow.
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
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.
"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
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
Vol. 26, 3, pp. 556-589.
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.
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,
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.
of Recent Faculty Research Publications