# TANG, Chao
**Source**: https://bm.hkust.edu.hk/faculty/tang-chao
**Parent**: https://bm.hkust.edu.hk/bizinsight/biztalks
TANG, Chao
Lee Heng Fellow, Associate Professor
Department of Accounting
[View Profile](https://acct.hkust.edu.hk/faculty-and-staff/directory/actang)
### Recent Activities
NAN, Lin
[TANG, Chao](https://bm.hkust.edu.hk/faculty/tang-chao)
ZHANG, Gaoqing
[Whistleblowing Bounties and Informational Effects](https://bm.hkust.edu.hk/bizinsight/2025/09/whistleblowing-bounties-and-informational-effects)
[Accounting](https://bm.hkust.edu.hk/bizinsight/tag/accounting)
[Financial Fraud](https://bm.hkust.edu.hk/bizinsight/tag/financial-fraud)
[Policy and Regulation](https://bm.hkust.edu.hk/bizinsight/tag/policy-and-regulation)
How large should the reward be for corporate whistleblowers? This question was explored in novel research by HKUST’s Chao Tang and colleagues. Their study shows that while larger bounties do not increase the value of whistleblowing information, they do make the absence of whistleblowing a more informative signal for regulators. Some firms exaggerate their
...
[Read More](https://bm.hkust.edu.hk/bizinsight/2025/09/whistleblowing-bounties-and-informational-effects)
[ [BizBites](https://bm.hkust.edu.hk/bizinsight/bizbites "BizBites") ]
[Watch Video](https://video.ust.hk/watch?video=67F92F5506A8B386&embed=Y)
[Read Full Paper](https://www.sciencedirect.com/science/article/pii/S016541012300040X)
[TANG, Chao](https://bm.hkust.edu.hk/faculty/tang-chao)
[Whistleblowing: the More, the Merrier?](https://bm.hkust.edu.hk/bizinsight/2025/04/whistleblowing-more-merrier)
[whistleblowing](https://bm.hkust.edu.hk/bizinsight/tag/whistleblowing)
[audit quality](https://bm.hkust.edu.hk/bizinsight/tag/audit-quality)
[regulatory enforcement](https://bm.hkust.edu.hk/bizinsight/tag/regulatory-enforcement)
Whistleblowers play a crucial role in maintaining trust in capital markets by exposing fraud. However, is it always true that more whistleblowing is better? The authors identify a nuanced finding: while whistleblowing can enhance audit quality by alerting enforcers to potential misstatements (positive direct effect), it may also reduce the enforcer's
...
[Read More](https://bm.hkust.edu.hk/bizinsight/2025/04/whistleblowing-more-merrier)
[ [BizTalks](https://bm.hkust.edu.hk/bizinsight/biztalks "BizTalks") ]
[Watch Video](https://video.ust.hk/watch?video=79522A285F0DB534&embed=Y)
[Read Full Paper](https://pubsonline.informs.org/doi/10.1287/mnsc.2024.04808)
NAN, Lin
[TANG, Chao](https://bm.hkust.edu.hk/faculty/tang-chao)
ZHANG, Gaoqing
[Optimal Bounties for Calling Out Fraud](https://bm.hkust.edu.hk/bizinsight/2024/09/optimal-bounties-calling-out-fraud)
[Accounting](https://bm.hkust.edu.hk/bizinsight/tag/accounting)
[Financial Fraud](https://bm.hkust.edu.hk/bizinsight/tag/financial-fraud)
[Policy and Regulation](https://bm.hkust.edu.hk/bizinsight/tag/policy-and-regulation)
How large should the reward be for corporate whistleblowers? This question was explored in novel research by HKUST’s Chao Tang and colleagues. Their study shows that while larger bounties do not increase the value of whistleblowing information, they do make the absence of whistleblowing a more informative signal for regulators. Some firms exaggerate their
...
[Read More](https://bm.hkust.edu.hk/bizinsight/2024/09/optimal-bounties-calling-out-fraud)
[ [BizStudies](https://bm.hkust.edu.hk/bizinsight/bizstudies "BizStudies") ]
[Read Full Paper](https://www.sciencedirect.com/science/article/pii/S016541012300040X)