Directory

ACADEMIC AND PROFESSIONAL EXPERIENCE

• 2020 August - Present 
  Head, Dept of Accounting
• 2012 - Present 
  The Hong Kong University of Science and Technology, Fung Term Professor of Accounting (2017-present)
  Chair Professor (2016-present), Professor (2012-2016)
• 1999-2014
  University of Southern California, Arthur Anderson & Co. Alumni Associate Professor (2009-2012, on leave in 2006-2007 and 2012-2014), Associate Professor (2006-2009), Assistant Professor (1999-2006)
• 2006-2007
  The Chinese University of Hong Kong, Associate Professor
• 1998-1999
  Massachusetts Institute of Technology, Lecturer

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PUBLICATIONS

• "Do depositors respond to banks' social performance?" The Accounting Review forthcoming (with Yi-Chun Chen and Lynn Wang)
• "Boardroom gender diversity reforms and institutional monitoring: Global evidence." Review of Accounting Studies forthcoming (with Larry Fauver, Alvaro Taboada, and Emily Wang)
• "Market Power and Credit Rating Standards: Global Evidence." Journal of Accounting and Economics, 2021, 101474 (with Pepa Kraft, Shiheng Wang and Gwen Yu)
• "Uneven Regulatory Playing field and Bank Transparency Abroad." Journal of International Business Studies 53, 379-404 (with Tai-Yuan Chen and Yi-Chun Chen)
• “The Effect of Fair Value Accounting on the Performance Evaluation Role of Earnings.” (2020) Journal of Accounting and Economics, V. 70. (2-3), Nov-Dec 2020. (with Mark DeFond, Siqi Li, and Jinshuai Hu)
• “Political connections and voluntary disclosure: Evidence from around the world." (2018) Journal of International Business Studies 49, 272-302 (with Yongtae Kim and Siqi Li)
• "The effect of mandatory CSR disclosure on firm profitability and social externalities: Evidence from China" (2018) Journal of Accounting & Economics  (with Yi-Chun Chen and Yongxiang Wang)
• "Board reforms and firm value: Worldwide evidence” (2017) Journal of Financial Economics 125, 120–142 (with Larry Fauver, Xi Li, and Alvaro Taboada)
• "The use of debt covenants worldwide: Institutional determinants and implications on financial reporting." (2016) Contemporary Accounting Research 33, 644-681 (with Hyun Hong and Jieying Zhang.)
  
• "Post-earnings-announcement drift in global markets: Evidence from an information shock." (2015) The Review of Financial Studies 28, 1242-1283 (with Xi Li and Shiheng Wang)
• "Does mandatory IFRS adoption affect crash risk?" (2015) The Accounting Review 90, 265-299. (with Mark DeFond, Siqui Li and Yinghua Li)
• "The value of political ties versus market credibility: Evidence from corporate scandals in China." (2015) Contemporary Accounting Research 32, 1641-1675 (with TJ Wong and Fang Zhang)
• "The impact of mandatory IFRS adoption on IPOs in global capital markets." (2014) The Accounting Review 89, 1365-1397 (with Hyun Hong and Gerald Lobo). 
• "Corporate governance in the recent financial crisis: Evidence from financial institutions worldwide." (2012) Journal of Corporate Finance 18, 289-411. (with David Erkens and Pedro Matos).
• "Political considerations in the decision of Chinese SOEs to list in Hong Kong." (2012). Journal of Accounting & Economics 53, 435-449 (with T.J. Wong and Tianyu Zhang).
• "Has the widespread adoption of IFRS reduced US firms' attractiveness to foreign investors?" (2011) Journal of International Accounting Research 11, 27-55 (with Mark DeFond, Xuesong Hu and Siqi Li).
• "Was the Sarbanes-Oxley Act good news for corporate bond holders?" (2011). Accounting Horizons 25, 465-485. (with Mark DeFond, Emre Karaoglu (Emre Carr), and Jieying Zhang).
• "The impact of mandatory IFRS adoption on foreign mutual fund ownership: The role of comparability." (2011) . Journal of Accounting & Economics 51, 240-258 (with Mark DeFond, Xuesong Hu, and Siqi Li).
• “Home bias, foreign mutual fund holdings, and the voluntary adoption of International Accounting Standards." (2007). Journal of Accounting Research 45, 41-70 (with Vicentiu Covrig and Mark DeFond).
• "Investor protection and analysts' each flow forecasts around the world." (2007). Review of Accounting Studies 12, 377-419 (with Mark DeFond).
• "Investor protection and the information content of annual earnings announcements: International evidence." (2007). Journal of Accounting & Economics 43, 37-67 (with Mark DeFond and Robert Trezevant).
• "Financial statement effects of adopting International Accounting Standards: The case of Germany." (2007). Review of Accounting Studies 12, 623-657 (with K.R. Subramanyam)
• "Investor protection and corporate governance: Evidence from worldwide CEO turnover." (2004). Journal of Accounting Research 42, 269-312 (with Mark DeFond).
• "An empirical analysis of analysts' cash flow forecasts." (2003). Journal of Accounting & Economics 35, 73-100 (with Mark DeFond).
• "Information and trading risks in global investing: An empirical analysis of research location and Pacific mutual fund performance." (2001). Journal of International Financial Management and Accounting 12, 1-23.
• "Accounting standards and value relevance of earnings: An international analysis" (2000) Journal of Accounting & Economics 30, 401-420.

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GRANTS, AWARDS AND HONORS

• Best Discussant Award, MIT Asia Conference in Accounting, 2015.
• Best Paper Award, European Accounting Association annual meeting, 2008.
• Best Paper Prize, Journal of Accounting & Economics, 2007.
• Finalist, Franklin prize for teaching excellence (MBA required courses), 2017.
• Dean’s Recognition of Excellent Teaching Performance, The Hong Kong University of Science and Technology, 2013, 2017.
• Faculty Teaching Award, The Chinese University of Hong Kong, 2007.
• MBA Golden Apple Teaching Award, University of Southern California, 2006.
• Gamma Sigma Alpha Professor of the Year, University of Southern California, 2003.
• ABFER senior fellow, 2022-present
• HKUST Institute for Emerging Market Studies Faculty associate. 2013-present.
• The Chinese University of Hong Kong Center for Institutions and Governance Research Fellow, 2007-2012.
• Research Grant Council - General Research Fund, Principal Investigator, 2016, 2020, 2022.
• HKUST IEMS research grant, 2017.
• HKUST research grant, 2015, 2016.
• HKUST initiation grant, 2012.
• Research Grant Council - General Research Fund, Co-Investigation, 2009.
• Research Grant Council - Earmarked Research Grant, Co-Investigator, 2007.
• USC U.S. – China Institute Faculty Research Grant, 2007.
• The Chinese University of Hong Kong research grant, Principal Investigator, 2006.
• USC CIBEAR Grants, PRIME Hong Kong/Shenzhen/Dongguan trip faculty observer, 2007; EMBA China trip faculty observer, 2002; PRIME Tokyo trip faculty observer, 2000.

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MEDIA COVERAGE

• The Economist, Financial Times, South China Morning Post, CFO.com, ABFER Research Digest, Harvard Law School Forum on Corporate Governance and Financial Regulation, Columbia Law School Blog, Duke University School of Law FinReg Blog, Boardmember.com, American Accounting Association (AAA) press release, Financial Accounting Standards Research Initiative (FASRI)

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EDITORIAL BOARDS

• Journal of International Business Studies, Editor, 2023-2025
• The Accounting Review, Editor, 2015-2017
• The Accounting Review, Editorial Board, 2013-2015, 2017-present
• Journal of International Business Studies, Editorial Board, 2012-2022
• Journal of International Accounting Research, Editorial Board, 2017-present

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SERVICE ACTIVITIES WITHIN HKUST

• Chairperson, University Committee on Faculty Diversity and Early Career Support, 2015-present
• Member, University Senate, 2015-2017.
• Chairperson, School Research Committee, 2017-present.
• Acting department head, Accounting, Spring 2017.
• Chairperson, Departmental Substantiation and Promotion Committee, 2013-2015.
• Chairperson, Departmental Search and Appointment Committee, 2013-2015.
• Chairperson, Departmental Merit Salary Review Committee, 2014-2015.
• Members of various committees at department, school and university levels.