Wu, Donghui（吴东辉） BA, MA (Xiamen); PhD (CUHK); CICPA



Professor
Director, Centre for Institutions and Governance
ContactSchool of Accountancy

Room 1026, 10/F
Cheng Yu Tung Building
12 Chak Cheung Street
Shatin, N.T., Hong Kong

+852 3943 7836

dhwu@baf.cuhk.edu.hk


Links
Personal Homepage
Google Scholars
Curriculum Vitae

BiographyProf. Donghui Wu holds BA and MA degrees in accountancy from Xiamen University and a PhD in accountancy from The Chinese University of Hong Kong (CUHK). He is also a Certified Public Accountant (non-practicing) of China. He is currently a Professor at CUHK Business School and the Director of Centre for Institutions and Governance of CUHK. Prior to joining CUHK, he taught at Lingnan University and Hong Kong Polytechnic University. Prof. Wu has broad research interests in accounting, auditing, and corporate finance, with a special focus on the emerging and transitional economy of China. He is currently Associate Editor of China Journal of Accounting Research and Ad Hoc Editor for Contemporary Accounting Research.
Teaching AreasFinancial Statement Analysis
Valuation
Research InterestsAccounting
Auditing
Corporate Finance
Publications & Working PapersPublications
Jeffrey Pittman, Lin Wang, and Donghui Wu, “Network Analysis of Audit Partner Rotation,” Contemporary Accounting Research, forthcoming.
Hanwen Chen, Song Tang, Donghui Wu, and Daoguang Yang (2021), “The Political Dynamics of Corporate Tax Avoidance: The Chinese Experience,” The Accounting Review, 96(5), 157-180.
Donghui Wu and Ye Qing (2020), “Public attention and auditor behavior: The case of Hurun Rich List in China,”?Journal of Accounting Research, 58(3), 777-825.
Kam C. Chan, Xuanyu Jiang, Donghui Wu, Nianhang Xu, and Hong Zeng (2020), “When is the client king? Evidence from affiliated-analyst recommendations in China’s split-share reform,” Contemporary Accounting Research, 37(2), 1044–1072.
Shimin Chen, Bingbing Hu, Donghui Wu, and Ziye Zhao (2020), “When auditors say ‘no,’ does the market listen?” European Accounting Review, 29(2), 263-305.
Zhaoyang Gu, Song Tang, and Donghui Wu (2020), “The political economy of labor cost behavior: Evidence from China,” Management Science, 66(10), 4703–4725.
In-Mu Haw, Bingbing Hu, Donghui Wu, and Xu Zhang (2018), “Having a finger in the pie: Labor power and corporate dividend policies,” Financial Management, 47(4), 993–1027.
Xianjie He, Jeffrey Pittman, Oliver Rui, and Donghui Wu (2017),?“Do social ties between external auditors and audit committee members affect audit quality?” The Accounting Review, 92(5), 61-87.
Jun Chen, Ke Bin, Donghui Wu,?and Zhifeng Yang (2018), “The consequences of shifting the IPO offer pricing power from securities regulators to market participants in weak institutional environments: Evidence from China,” Journal of Corporate Finance, 50, 349–370.
Yuyan Guan, Nancy Su, Donghui Wu, and?Zhifeng Yang (2016), “Do school ties between auditors and client executives influence audit quality?“?Journal of Accounting and Economics, 61(2-3), 506-525.
John Goodwin and Donghui Wu (2015), “What is the relation between audit partner busyness and audit quality?” Contemporary Accounting Research, 33(1), 341-377.
John Goodwin and Donghui Wu (2014), “Is the effect of industry expertise on audit pricing an office-level or a partner-level phenomenon?”?Review of Accounting Studies, 19(4), 1532-1578.
Ferdin A. Gul, Donghui Wu, and Zhifeng Yang (2013), “Do individual auditors affect audit quality? Evidence from archival data,” The Accounting Review, 88(6), 1993-2023.
Shimin Chen, Zheng Sun, Song Tang, and Donghui Wu (2011), “Government intervention and investment efficiency: Evidence from China,” Journal of Corporate Finance, 17(2), 259-271.
Koon-hung Chan and Donghui Wu (2011), “Aggregate quasi rents and auditor independence: Evidence from audit firm mergers in China,” Contemporary Accounting Research,?28(1),?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,?85(1), 127-158.
In-mu Haw, Simon Shun-man Ho, Bingbing Hu, and Donghui Wu (2010), “Concentrated control, institutions, and banking sector: An international study,” Journal of Banking and Finance, 34(3),?485-497.
Jennifer Kao, Donghui Wu, and Zhifeng Yang (2009),?“Regulations, earnings management, and post-IPO performance: The Chinese evidence,” ?Journal of Banking and Finance,?33(1),?63-76.
Richard Nen-chen Hwang and Donghui Wu (2006), “Has the emergence of the specialised journals affected management accounting research paradigms?” Advances in Management Accounting,?15, 143-168.
Donghui Wu and Zuyun Xue (2005), “An empirical investigation of analysts’ earnings forecast in China’s A-share markets,” China Accounting and Finance Review,?7(1),?28-53.
In-mu Haw, David Qi, Donghui Wu, and Woody Y Wu (2005), “Market consequences of earnings management in response to security regulations in China,”?Contemporary Accounting Research, 22(1), 95-144.
Mensah Yaw, Richard Nen-chen Hwang, and Donghui Wu (2004), “Does managerial accounting research contribute to related disciplines? An examination using citation analysis,”?Journal of Management Accounting Research,?16, 163-181.
Donghui Wu (2001), “An empirical investigation of Chinese listed firms’ choice of accruals,” China Accounting and Finance Review,?3(3),?82-116.
Working Papers
Hanwen Chen, Song Tang, Donghui Wu, and Daoguang Yang, “The political dynamics of corporate tax avoidance: The Chinese experience.”
Xianjie He, Jeffrey Pittman, Shuwei Sun, and Donghui Wu, “A tale of two intermediaries: Investment banker–auditor social ties and IPO quality.”
Lixin (Nancy)?Su and Donghui Wu, “Is audit behavior contagious? Teamwork experience and audit quality by individual auditors.”

Grants“The political dynamics of corporate tax avoidance: The Chinese experience”, Direct Allocation Grant awarded by The Chinese University of Hong Kong, 2015
“The political economy of labour cost behaviour: Evidence from China”, General Research Fund awarded by Research Grants Council, Hong Kong, 2015
“IPO expertise of engagement auditors and IPO audit quality”, Direct Allocation Grant awarded by The Chinese University of Hong Kong, 2014
“Industry specialism kation, audit fee premiums, and audit quality – Further evidence based on audit-partner-level analysis”, General Research Fund awarded by Research Grants Council, Hong Kong, 2014
“Do school ties between auditors and client executives influence audit quality?”, Direct Allocation Grant awarded by The Chinese University of Hong Kong, 2013
“Outside directorships and audit quality”, General Research Fund awarded by Research Grants Council, Hong Kong, 2012
“How does the visible hand shape financial reporting? Evidence on loss recognition timeliness in China”, Direct Allocation Grant awarded by The Chinese University of Hong Kong, 2011
“Does audit reporting matter in pricing securities? Evidence from modified audit opinions in China”, General Research Fund awarded by Research Grants Council, Hong Kong, 2010
“Regulations, market forces, and financial reporting quality: The case of IPO pricing deregulation in China”, Internal Competitive Research Grant awarded by The Hong Kong Polytechnic University, 2010
“Changes in accounting standards, ownership structures and conservative financial reporting in China”, Internal Competitive Research Grant awarded by The Hong Kong Polytechnic University, 2009
“Does audit reporting matter in pricing securities? Evidence from modified audit opinions in China”, Inject Grant awarded by The Hong Kong Polytechnic University, 2009
“Client importance, institutional improvements, and audit quality in China: An office and individual auditor level analysis”, Internal Competitive Research Grant awarded by The Hong Kong Polytechnic University, 2008
“Audit firm mergers, aggregate quasi rents, and auditor independence: Evidence from China’s audit market”, Fund for CERG Project Rated 3.5 awarded by The Hong Kong Polytechnic University, 2006
“Accounting standards and the conservatism property of earnings: Evidence from China”, Academic Research Programme Grant awarded by Lingnan University, 2003