Dr. Derek K. W. CHAN
Accounting and Law

Associate Dean (Undergraduate)
Associate Professor
3917 8357
dkchan@hku.hk
KK 1203


Academic & Professional Qualification
BSocSc CUHK
MA Western Ontario
PhD British Columbia
Biography
Dr. Derek Chan obtained his Ph.D. in Business Administration (with a specialization in accounting) from the University of British Columbia in 1995. Prior to joining the Faculty of Business and Economics (now HKU Business School) of the University of Hong Kong in July 2001, he has served on the faculty of the School of Business & Management at the Hong Kong University of Science and Technology (HKUST) as an Assistant Professor in the Department of Accounting. He has also taught at the Beijing International MBA programme at Peking University. In 1999 and 2000, he was elected as a recipient of the Best Ten Lecturers Award. These awards are determined by student votes across all fields and departments at HKUST. Each year only ten awards are given for the entire university.
Dr. Chan’s research interests are primarily in the field of auditing, specifically on the industrial organization of audit markets and issues related to the regulation of professional accountants. His research has analyzed these issues both in general market settings, as well as in settings that reflect the realities of auditing environments. The research methodology that he has employed is analytical modelling. His research has been published in the leading academic journals in accounting. He has also frequently served as an ad hoc referee for research journals.
Dr. Chan is a member of the American Accounting Association and the Hong Kong Academic Accounting Association Limited.
Teaching
Intermediate Financial Accounting II
Financial Statement Analysis and Business Ethical Standards (MFin)
Research Interest
Industrial organisation of audit markets
Equilibrium models of regulation of professional accountants
Financial reporting
Disclosure theory
Information economics
Selected Publications
Chan, D., and N. Liu, “Financial Reporting, Auditing, Analyst Scrutiny, and Investment Efficiency”, The Accounting Review, forthcoming.
Chan, D., X. Li, and Q. Xin, 2021, “Institutional Investor Inattention and Audit Quality”, Journal of Accounting and Public Policy, Vol. 40, No. 3, Article 106857.
Chan, D., and J. Gao, 2014, “Earnings Management, Incentive Contracts and Private Information Acquisition”, Journal of Accounting and Public Policy, Vol. 33, No. 6, pp. 529-550 (Lead Article).
Liu, X., and D. Chan, 2012, “Consulting Revenue Sharing, Auditor Effort and Independence, and the Regulation of Auditor Compensation”, Journal of Accounting and Public Policy, Vol. 31, No. 2, pp. 139-160 (Lead Article).
Chan, D., and K. P. Wong, 2002, “Scope of Auditors’ Liability, Audit Quality, and Capital Investment”, Review of Accounting Studies, Vol. 7, No. 1, pp. 97-122.
Chan, D., 1999, “Low-Balling and Efficiency in a Two-Period Specialization Model of Auditing Competition”, Contemporary Accounting Research, Vol. 16, No. 4, pp. 609–642.
Chan, D., and K. P. Wong, 1999, “CVP under Uncertainty and the Manager’s Utility Function Revisited”, Review of Quantitative Finance and Accounting, Vol. 12, No. 2, pp. 159-171.
Chan, D., and S. Pae, 1998, “An Analysis of the Economic Consequences of the Proportionate Liability Rule”, Contemporary Accounting Research, Vol. 15, No. 4, pp. 457-480.
Wong, K. P., and D. Chan, 1993, “A Simple Model of Spatial Banking Competition”, Economic Letters, Vol. 42, No. 4, pp. 391-397.
Awards and Honours
University?of?British Columbia: Accounting Development Fund Graduate Fellowship, 1991-93;
University Graduate Fellowship, 1993-95
Contemporary Accounting Research Forum Fellow, 1991
American Accounting Association Doctoral Consortium Fellow, 1993
Best Ten Lecturers Award, 1998-99 & 1999-2000
Service to the University/Community
Member of the Users’ Committee of the HKSAR Inland Revenue Department
Academic advisor of the Hong Kong Institute of Chartered Secretaries (HKICS)
QP mentor for the Hong Kong Institute of Certified Public Accountants (HKICPA)