# List of Recent Faculty Research Publications

**Source**: https://acct.hkust.edu.hk/about-department/news-highlights/list-recent-faculty-research-publications
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RESEARCH

List of Recent Faculty Research Publications

20 Jan 2026

- DONG, Qingkai and Le Anthony. "The Impact of Financial Reporting Mandates on Labor Unions." *Journal of Accounting Research*, Forthcoming.
- DeHaan Ed, HUANG, ALLEN, Kannan Srijith and Qiu Lu. "Social Media Livestreaming: Investor Information of Persuasion?" *Journal of Accounting* *and Economics*, Forthcoming.
- Chow, Travis, HUANG, ALLEN, Hui, Kai Wai and Shevlin, Terry. "Judge Ideology and Corporate Tax Planning." *Journal of Financial and Quantitative* *Analysis*, Forthcoming.
- HUNG, MINGYI, Ru, Yi, She, Guoman and Wang, Lynn. "Horizon Problems in the Implementation of Bank Reporting Regulation: Evidence from China" *Review of Accounting Studies,* Forthcoming*.*
- Chen, Lei, HUANG, ALLEN, Wang, Xinlu and Xu, Liang. "Downside Risk Similarity and M&As." *Contemporary Accounting Research*, Forthcoming.
- HUNG, MINGYI, Lin, Yupeng, Wang, Lynn and Zhang, Zilong. "The Impact of Bank Financing on Borrowers' Voluntary Disclosures and Real Investments." *Management Science*, Forthcoming.
- DeFond, Mark, HUNG, MINGYI and WANG, EMILY. (2026). "The Impact of Mandatory Sustainability Reporting on Institutional Investment; The Role of Reporting Location." *The Accounting Review*, 2026 101 (1): 285-313.
- Hann, Rebecca, Subasi, Musa and ZHENG, YUE. (2025). "Building Credible Commitments via Board Ties: Evidence from the Supply Chain." *Strategic* *Management Journal*, Volume 46, Issue 11, p. 2839-2873.
- Nan, Lin, TANG, CHAO and Ye Minlei. (2025). "Auditing with a Chance of Whistleblowing." *Management Science*, Volume 71, Issue 10 p. 8097-8993, iv-vi.
- Hu, Jinshuai, HUNG, MINGYI and Li, Siqi. (2025) "Reshaping Corporate Boards through Mandatory Gender Diversity Disclosures: Evidence from Canada." *Management Science,*Volume 71, Issue 12, p. vii-x, 9869-10753, iv-vi.
- MORRIS, ARTHUR, Dyreng Scott, Ferracuti, Elia. (2025). "Renegotiation Costs and Debt Contract Design." *The Accounting Review*, 2025-07, p. 1-26.
- WANG, EMILY , WANG, SHIHENG . (2025). "Strategically Timed Voluntary Disclosures before Conferences: Global Evidence." *Journal of* *International Accounting Research*, 2025-01, p. 1-27.
- Bonsall, Sam, Donovan, John, Holzman, Eric, Wang, Xue and YANG, DANIEL. (2025). “Do Credit Ratings Reflect Private Information about SEC Investigations?” *The Accounting Review*, 100 (2): 21-44.
- YANG, DANIEL. (2025). "Foreign Bank Branch Participation and U.S. Syndicated Loan Contract Design." *Journal of Accounting and Economics*, Volume 79, Issue 1, February 2025, 101714.
- TANG, CHAO, Cen, Xiao, Li, Nan and Wang, Juanting. (2025). "Preference Dynamics and Risk-Taking Incentives." *Journal of Accounting and Economics,* Volume 79, Issues 2-3, April - May 2025, 101739.
- HSU, CHARLES, Wu, Chaopeng, Yan, Zehao and Zhu, Ruichao. (2025). "How Does Audit Quality Affect Firm Innovation?" Evidence from China."  *Journal of Business Finance & Accounting*, 2025, 52, 1059-1094.
- HUANG, ALLEN, Hui, Kai Wai and ZHENG, YUE. (2025). "Judge Ideology and Opportunistic Insider Trading." *Journal of Financial and Quantitative Analysis, V*60 (4), June 2025, pp. 1656-1685.
- Nan, Lin and TANG, CHAO (2024). "Uniform Standards, Information Quality and Capital Flow. "*European Accounting Review*, 2024, 33, (5), 1841-1866.
- Bhambhwani, Sidd and HUANG, ALLEN. (2024). "Auditing Decentralized Finance." *British Accounting Review,* Vol. 56, Issue 2, March 2024, 101270.
- CHEN, PETER F, Hou, Qingchuan, Wang, Yihong and Xu, Lifang. (2024) "The Underwriter's Conflict of Interest and Earnings Forecast Bias in Prospectus: Evidence from Hong Kong. *Pacific-Basin Finance Journal*, Vol. 87, October 2024, 102481.
- CHEN, WILBUR and Srinivasan, Suraj, "Going Digital: Implications for Firm Value and Performance." *Review of Accounting Studies,* 29, no. 2 (June 2024): 1619-1665.
- HSU, CHARLES, Ke, Junqiang, Ma, Zhiming and Ruan, Lufei. (2024). "Options Trading and Firm Investment Efficiency." *Journal of Business Finance* *& Accounting*, 2024, 51(9-10), 2410-2451.
- Franke, Benedikt, HUANG, ALLEN, Li, Reeyarn and Wang Hui. (2024). "Securities Law Precedents, Litigation Risk, and Misreporting." *Review of Finance,* Vol. 28, Issue 2, pp. 413-445.
- Bloomfield, Matthew, Friedman, Henry and KIM, HWA YOUNG. (2024)."Common Ownership, Executive Compensation, and Product Market Competition." *The Accounting Review*, 99, (2):31-56.
- Fauver, Larry, HUNG, MINGYI, Taboada, Alvaro G and WANG, EMILY JING. (2024). "Boardroom Gender Diversity Reforms and Institutional Monitoring: Global Evidence." *Review of Accounting* *Studies,* Vol. 29, Issue 1, No. 18, 621-664.
- Dou, Yiwei, HUNG, MINGYI, She, Guoman and Wang, Lynn. (2024). "Learning from Peers: Evidence from Disclosure of Consumer Complaints." *Journal of Accounting and Economics,* Volume 77, Issues 2–3, April–May 2024, 101620.
- Arif, Salman, Donovan, John, MORRIS, ARTHUR and Gopalan, Yadav.  (2024). "Pay for Prudence." *Journal of Accounting and Economics* Vol. 77, Issue 1, February 2024, 101619.
- Nan, Lin, TANG, CHAO and Zhang, Gaoqing. (2024). "Whistleblowing Bounties and Informational Effects." *Journal of Accounting and Economics*, Vol. 77, Issue, 1, February 2024, 101616.
- Nan, Lin, TANG, CHAO, Wang, Xin and Zhang, Gaoqing. (2024) "The Real Effects of Transparency in Crowdfunding." *Contemporary Accounting Research* 41, No. 1 (2024): 39-68.
- Bhambhwani, Sidd, Dong, Hui and HUANG, ALLEN. (2023) "Expropriation Risk and Investment: A Natural Experiment." *Journal of Financial and Quantitative Analysis,* August 2023, p. 1-31.
- DONG, QINGKAI, Raghunandan, Aneesh and Rajgopal Shivaram.  (2023) "When Do Firms Deliver on the Jobs They Promise in Return for State Aid?" *Review of Accounting Studies*, 2023 October.
- HUANG, ALLEN, Kraft, Pepa and WANG, SHIHENG. (2023). "The Usefulness of Credit Ratings for Accounting Fraud Prediction." *The Accounting Review*, 98 (7): 343-376.
- Jiang, Xu, TANG, CHAO and Zhang, Gaoqing.  (2023). "Harmonized Accounting Standards and Investment Beauty Contests." *The Accounting Review* 98 (7): 377-404.
- Chen, Yi-Chun, HUNG, MINGYI and Wang, Lynn. (2023). "Do Depositors Respond to Banks' Social Performance?" *The Accounting Review,* 98, (4): 89-114.
- Christensen, Dane, MORRIS, ARTHUR, Walther, Beverly and Wellman, Laura. (2023). "Political Information Flow and Management Guidance." *Review of Accounting Studies* 28, pp. 1466-1499.
- HUANG, ALLEN, Wang, Hui and Yang Yi. (2023) "FinBERT—A Large Language Model for Extracting Information from Financial Text." *Contemporary Accounting Research*, Vol. 40, Issue 2, Summer 2023.
- HSU, CHARLES, Li, Xi, Ma, Zhiming and Phillips, Gordon M. (2023) "Does Industry Competition Influence Analyst-level Coverage Decisions and Career Outcomes?" *Journal of Financial and Quantitative Analysis,* Vol. 58, No. 2, Mar, 2023, pp. 711-745.
- CHEN, KEVIN, CHEN, TAI-YUAN, Han, Weifang and Yuan, Hongqi.  (2022) "Auditors under Fire: The Association between Audit Errors and the Career Setbacks of Individual Auditors." *Journal of Accounting Research,* 60: 853-900.
- CHEN, TAI-YUAN, Chen, Yi-Chun and HUNG, MINGYI. (2022) "Uneven Regulatory Playing Field and Bank Transparency Abroad." *Journal of International Business Studies* 53, 279-404.
- HSU, CHARLES, Wang, Rencheng and Whipple, Benjamin. (2022) "Non-GAAP Earnings and Stock Price Crash Risk."  *Journal of Accounting and Economics*, 2022, Vol. 73, Issues 2-3, April-May, 101473.
- Chang, Hsihui, HSU, CHARLES and Ma, Zhiming. (2022) "Does Product Similarity of Audit Clients Influence Audit Efficiency and Pricing Decisions?" *Journal of Business Finance and Accounting*,  49, 807-840.
- HUANG, ALLEN, Lin, An-Ping and ZANG, AMY. (2022) "Cross-Industry Information Sharing among Colleagues and Analyst Research." *Journal of Accounting and Economics*, Vol. 74, August 2022, 101496.
- PETROV, EVGENY and Phillip C Stocken. (2022) "Auditor Specialization and Information Spillovers." *The Accounting Review* 97 (7): 401-428.
- Edmans, Alex, Fang, Vivian and HUANG, ALLEN. (2022) "The Long-Term Consequence of Short-Term Incentives." *Journal of Accounting Research*, Vol. 60, Issue 3, 1007-1046.
- HUNG, MINGYI and WANG, SHIHENG. (2022) "Market Power and Credit Rating Standards: Global Evidence." *Journal of Accounting and Economics*, 2022, 101474.
- HUANG, ALLEN, Shen, Jianghua and ZANG, AMY. (2022) "The Unintended Benefit of the Risk Factor Mandate of 2005." *Review of Accounting Studies* 27, 1319-1355.
- Christensen, Hans Bonde, Macciocchi, Daniele, MORRIS, ARTHUR and  Nikolaev Valeri V. (2022) "Financial Shocks to Lenders and the Composition of Financial Covenants." *Journal of Accounting and Economics*, Vol. 73, Issue 1, February 2022, 101426.
- CHEN, TAI-YUAN, CHEN, ZHIHONG and Li, Yongbo. (2021) “Restriction on Managerial Outside Job Opportunities and Corporate Tax Avoidance: Evidence from a Natural Experiment.” *Journal of Accounting and Public Policy*, August 2021, 106879.
- HSU, CHARLES and Wang, Rencheng. (2021) "Bundled Earnings Guidance and Analysts' Forecast Revisions." *Contemporary Accounting Research*, 2021, 38(4), 3146-3181.
- Ang S. James, HSU, CHARLES, Tang, Di, and Wu, Chaopeng. (2021) "The Role of Social Media in Corporate Governance." *The Accounting Review*, 2021, 96 (2), 1-32.
- HSU, CHARLES, Jin, Qinglu, Ma, Zhiming and Zhou, Jing. (2021) "Does Voluntary Balance Sheet Disclosure Mitigate Post-earnings-announcement drift?" *Journal of Accounting and Public Policy*, 2021, 40 (2), 106821.
- Hou, Kewei, Hsu, Po-Hsuan, WANG, SHIHENG, Watanabe, Akiko and Xu, Yan. (2021) "Corporate R&D and Stock Returns: International Evidence." *Journal of Financial and Quantitative Analysis,* April 2021, p. 1-72.
- Kimbrough, Michael,  Lee, Hanna and ZHENG, YUE. (2021) "Can Managers be Wrong and Still be Right? An Examination of the Future Realization of Current Management Forecast Errors." *The Accounting Review*V. 96 (1), January 2021, p. 349-376.
- CHEN, ZHIHONG, Liu, Alfred, Seow, Gim and Xie, Hong. (2020) “Does Mandatory Retrospective Hedge Effectiveness Assessment under ASC 815 Provide Risk-Relevant Information.” *Accounting Horizons*34 (2020): 61-85.
- CHEN, ZHIHONG, Li, Ningzhong and Shen, Jianghua. (2020) “Litigation Risk and Debt Contracting: Evidence from a Natural Experiment.” *Journal of Law and Economics*63 (2020), 595-630.
- Chen, Huili, CHEN, ZHIHONG, Dan, Dhaliwal and Huang, Yuan. (2020) “Accounting Restatements and Corporate Cash Policy.” *Journal of Accounting, Auditing, and Finance* (2020) Vol. 35(2), pp. 290-317.
- Hu, Jinshuaim, HUNG, MINGYI, Li, Siqi and DeFond, Mark. (2020) "The Effect of Fair Value Accounting on the Performance Evaluation Role of Earnings." *Journal of Accounting and Economics,* V. 70, Issues 2-3, November-December 2020, 101341.
- PETROV, EVGENY. (2020) "Voluntary Disclosure and Informed Trading." *Contemporary Accounting Research,* V. 37 (4) December 2020 p. 2257-2286.
- Ge, Weili, Dawn, Matsumoto, WANG, EMILY JING and Zhang, Jenny Li. (2020) "The Price of Being Foreign: Stock Market Penalties Associated with Accounting Irregularities for U.S.-listed Foreign Firms." *Contemporary Accounting Research*37, 1073-1106.
- Dechow, Patricia and YOU, HAIFENG. (2020) "Understanding the Determinants of Analyst Target Price Implied Returns." *The Accounting Review*V.95 (6), 20 June 2020, p. 125-149.
- Hann, Rebecca, Kim, Heedong, Wang, Wenfeng and ZHENG, YUE.  (2020) "Information Frictions and Productivity Dispersion: The Role of Accounting Information."  *The Accounting Review,* V. 95, (3), May 2020 p. 223-250.
- Choi, Jin Kyung, Hann, Rebecca, Subasi, Musa and ZHENG, YUE. (2020) "An Empirical Analysis of Analysts’ Capital Expenditure Forecasts: Evidence from Corporate Investment Efficiency." *Contemporary Accounting Research,* 3 March 2020.
- HUANG, ALLEN, Hui, Kai Wai and Li, Reeyarn. (2019) "Federal Judge Ideology: A New Measure of Ex-Ante Litigation Risk. " *Journal of Accounting Research*57, 431-489.
- LI, XINLEI, Urooj, Khan and Williams, Christopher D. (2019) "The Effect of Information Opacity and Accounting Irregularities on Personal Lending Relationships: Evidence from Lender and Manager Co-migration."  *The Accounting Review* 94, 303-344.
- WANG, SHIHENG. (2019) "Compliance Costs and Comparability Benefits of Cross-listing: Evidence From Accounting Standard Differences and IFRS Adoption." *Asian Review of Accounting*, v.27, (4), December 2019, p. 563-594.
- Hann, Rebecca, Kim, Heedong and ZHENG, YUE. (2019) "Intra-Industry Information Transfers: Evidence from Changes in Implied Volatility around Earnings Announcements." *Review of Accounting Studies* 24, 927-971.
- CHEN, PETER, Novoselov, Kirill and Wang, Yihong. (2018) "Regulatory Effects on Analysts' Conflicts of Interest in Corporate Financing Activities: Evidence from NASD Rule 2711." *Journal of Corporate Finance*48, 658-679.
- CHEN, TAI-YUAN, Zhang, Guochang and Zhou, Yic. (2018) "Enforceability of Non-compete Covenants, Discretionary Investments, and Financial Reporting Practices: Evidence from a Natural Experiment”,  *Journal of Accounting and Economics* 65, 41-60.
- HSU, CHARLES, Ma, Zhiming, Wu, Liansheng and Zhou, Kaitang. (2018) "The Effect of Stock Liquidity on Corporate Risk-Taking."  *Journal of Accounting, Auditing and Finance* 35, 748-776.
- HUANG, ALLEN,  Lehavy, Reuven, ZANG, AMY and Zheng, Rong. (2018) "Analyst Information Discovery and Interpretation Roles: A Topic Modeling Approach.” *Management* *Science*64, 2833-2855.
- HUNG, MINGYI, Kim, Yongtae and Li, Siqi. (2018) "Political Connections and Voluntary Disclosure: Evidence from Around the World."  *Journal of International Business Studies* 49, 272-302.
- Chen, Yi-Chun, HUNG, MINGYI and Wang, Yongxiang. (2018) "The Effect of Mandatory CSR Disclosure on Firm Profitability and Social Externalities: Evidence from China." *Journal of Accounting and Economics*65, 169-190.
- STICE, DERRALD. (2018) "The Market Response to Implied Debt Covenant Violations." *Journal of Business Finance and Accounting* 45, 1195-1223.
- Ma, Zhiming, STICE, DERRALD, Wang, Rencheng. (2018) "Auditor Choice and Information Asymmetry: Evidence from International Syndicated Loans." *Accounting and Business Research* 49, 365-399.
- Ma, Zhiming, STICE, DERRALD, and Williams, Chris. (2018) "The Effect of Bank Monitoring on Public Bond Terms." *Journal of Financial Economics* 133, 379-396.
- Coyne, Joshua and STICE, DERRALD. (2018)*"*Do Banks Care About Analysts' Forecasts When Designing Loan Contracts?" *Journal of Business Finance and Accounting* 45, 625-650.