CUHK Researchers Named Among the World’s Most Prolific and Widely Cited Contributors to Tier 1 Journals on the Chinese Capital Market

The Chinese University of Hong Kong (CUHK) Business School is known globally for its insightful, comprehensive research in various areas pertaining to finance and industry. The work of some of our researchers has greatly enhanced our understanding of the Chinese capital market and complemented the knowledge of financial systems in other institutional environments.

Prof. Donghui Wu, Professor of School of Accountancy and Director of Centre for Institutions and Governance at CUHK Business School

Two professors from School of Accountancy – Donghui Wu and Tianyu Zhang – were named by the international accounting academic journal Abacus as the second most prolific researchers in the world, each with six research papers* on the Chinese capital market published in well-respected Tier 1 journals in the past two decades (1999-2018). Prof. Zhang’s and Prof. Wu’s research papers were published in Tier 1 accounting and finance journals including Journal of Accounting and Economics, Journal of Accounting Research, The Accounting Review, Contemporary Accounting Research and Journal of Financial Economics. Their papers received 2,493 and 1,028 citation counts respectively and rank 2^nd and 3^rd in total citations.

Prof. Tianyu Zhang, Professor of School of Accountancy at CUHK Business School

In addition, Prof. T.J. Wong, former Dean of CUHK Business School (2009-2014) and Choh-Ming Li Professor of Accountancy at CUHK (currently Joseph A. DeBell Professor of Business Administration and Professor of Accounting at University of Southern California Marshall School of Business), came in first place in terms of frequency of contribution in Tier 1 journals with nine papers published. Prof. Wong’s papers received 5,118 citation counts and ranks 1^st in total citations.

Prof. T.J. Wong, former Dean of CUHK Business School (2009-2014) and Choh-Ming Li Professor of Accountancy at CUHK (currently Joseph A. DeBell Professor of Business Administration and Professor of Accounting at University of Southern California Marshall School of Business)

According to the findings from Google Scholar updated as of September 2018, the world’s second most widely cited paper based on total citation counts is the Journal of Financial Economics (JFE) paper entitled “Politically Connected CEOs, Corporate Governance, and Post-IPO Performance of China’s Newly Partially Privatized Firms”. The paper was co-authored by Prof. Joseph Fan, Professor of School of Accountancy and Department of Finance at CUHK Business School, Prof. Tianyu Zhang and Prof. T.J. Wong. It received 1,937 citation counts (176.09 counts per annum) since its publication in JFE in 2007.

Prof. Joseph Fan, Professor of School of Accountancy and Department of Finance at CUHK Business School

Other top 30 cited accounting and finance papers include one titled “Information Asymmetry and Asset Prices: Evidence from the China Foreign Share Discount”. The paper was published in the Journal of Finance which was co-authored by Prof. Kalok Chan, Dean of CUHK Business School and Wei Lun Professor of Finance at CUHK.

Prof. Kalok Chan, Dean of CUHK Business School and Wei Lun Professor of Finance at CUHK

Published by the University of Sydney Business School’s Accounting Foundation, Abacus is the world’s fourth oldest international accounting academic journal. In the December 2018 issue of Abacus, the research paper entitled “Twenty Years of Accounting and Finance Research on the Chinese Capital Market” was published. It reviewed scholarly accounting and finance research pertaining to the Chinese capital market in Mainland China published in Tier 1 and Asia-Pacific regional journals from 1999-2018. The review was based on four dimensions: top-cited articles, main research fields, frequently contributing and emerging research trends.

*The Full List of Research Papers Published in Tier 1 Accounting and Finance Journals (1999-2018):

Prof. Donghui Wu

• Xianjie He, Jeffrey A. Pittman, Oliver M. Rui, and Donghui Wu (2017) Do Social Ties between External Auditors and Audit Committee Members Affect Audit Quality?. The Accounting Review: Vol. 92, No. 5, pp. 61-87.
• Yuyan Guan, Lixin (Nancy) Su, Donghui Wu and Zhifeng Yang (2016) Do school ties between auditors and client executives influence audit outcomes?. Journal of Accounting and Economics: Vol. 61, Issues 2-3, pp. 506-525.
• Ferdinand A. Gul, Donghui Wu, and Zhifeng Yang (2013) Do Individual Auditors Affect Audit Quality? Evidence from Archival Data. The Accounting Review: Vol. 88, No. 6, pp. 1993-2023.
• K. Hung Chan and Donghui Wu (2011) Aggregate Quasi Rents and Auditor Independence: Evidence from Audit Firm Mergers in China. Contemporary Accounting Research: Vol. 28, No. 1, pp. 175-213.
• Shimin Chen, Sunny Y. J. Sun, and Donghui Wu (2010) Client Importance, Institutional Improvements, and Audit Quality in China: An Office and Individual Auditor Level Analysis. The Accounting Review: Vol. 85, No. 1, pp. 127-158.
• In-Mu Haw, David Qi, Donghui Wu, and Woody Wu (2005) Market consequences of earnings management in response to security regulations in China. Contemporary Accounting Research: Vol. 22, No. 1, pp. 95-140.

Prof. Tianyu Zhang

• Clive S. Lennox, Xi Wu and Tianyu Zhang (2016) The Effect of Audit Adjustments on Earnings Quality: Evidence from China. Journal of Accounting and Economics: Vol. 61, No. 2-3, pp. 545-62.
• Joseph D. Piotroski, T. J. Wong and Tianyu Zhang (2015) Political Incentives to Suppress Negative Information: Evidence from Chinese Listed Firms. Journal of Accounting Research: Vol. 53, No. 2, pp. 405-59.
• Joseph D. Piotroski and Tianyu Zhang (2014) Politicians and the IPO decision: The impact of impending political promotions on IPO activity in China. Journal of Financial Economics: Vol. 111, No. 1, pp. 111-236.
• Clive S. Lennox, Xi Wu, and Tianyu Zhang (2014) Does Mandatory Rotation of Audit Partners Improve Audit Quality?. The Accounting Review: Vol. 89, No. 5, pp. 1775-1803.
• Mingyi Hung, T. J. Wong, and Tianyu Zhang (2012) Political considerations in the decision of Chinese SOEs to list in Hong Kong. Journal of Accounting and Economics: Vol. 53, No.1-2, pp. 435-449.
• Joseph P.H. Fan, T.J. Wong and Tianyu Zhang (2007) Politically Connected CEOs, Corporate Governance, and Post-IPO Performance of China’s Newly Partially Privatized Firms. Journal of Financial Economics: Vol. 84, No. 2, pp. 330-57.

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