Zhihong CHEN
陳治鴻
PhD in Accounting
The Hong Kong University of Science and Technology, 2005

Associate Professor
Department of Accounting



(852) 2358 7574
aczh@ust.hk
Room LSK6012
Personal Web

---

Google Scholar
UtIAdlUAAAAJ

ORCID
0000-0002-9543-8229

Scopus ID
35093803200




Research Interest Publications Projects Teaching Assignment Space used




Research Interest

---

Corporate governance
Disclosure
Executive compensation
Real effect of accounting
Capital markets



Publications

---

All Years 20 2022 0 2021 1 2020 2 2019 0 2018 0 2017 4 2016 13

---

Expand All Collapse All


2021 1

Restrictions on managerial outside job opportunities and corporate tax policy: Evidence from a natural experiment
Journal of Accounting and Public Policy, August 2021, article number 106879
Chen, Tai-yuan; Chen, Zhihong; Li, Yongbo Article

2020 2

Does Mandatory Retrospective Hedge Effectiveness Assessment under ASC 815 Provide Risk-Relevant Information?
Accounting Horizons, v. 34, (3), September 2020, p. 61-85
Chen, Zhihong; Liu, Alfred Zhu; Seow, Gim S.; Xie, Hong Article
Litigation Risk and Debt Contracting: Evidence from a Natural Experiment
Journal of Law & Economics, v. 63, (4), November 2020, p. 595-630
Chen, Zhihong; Li, Ningzhong; Shen, Jianghua Article

2017 4

Accounting Restatements and Corporate Cash Policy
Journal of Accounting, Auditing & Finance, v. 35, (2), November 2017, p. 290-317
Chen, huili; Chen, Zhihong; Dhaliwal, dan; Huang, yuan Article
Discussion of “How Does Being Public Affect Firm Investment? Further Evidence from China”
International Journal of Accounting, v. 52, (1), March 2017, p. 22-24
Chen, Zhihong Article
The Real Effect of the Initial Enforcement of Insider Trading Laws
Journal of Corporate Finance, v. 45, August 2017, p. 687-709
Chen, Zhihong; Huang, Yuan; Kusnadi, Yuanto; Wei, Kuo-chiang John Article
Order Backlog Disclosure before Seasoned Equity Offerings
The 2017 HKUST Accounting Research Symposium, The Hong Kong University of Science and Technology, Hong Kong, 15-16 December 2017
Chen, Szu Fan; Chen, Zhihong Conference paper

2016 3

Directors' and officers' liability insurance and the cost of equity
Journal of Accounting and Economics, v. 61, (1), February 2016, p. 100-120
Chen, Zhihong; Li, Oliver Zhen; Zou, Hong Article
The Consequences of Regulating Insider Trading in Family Firms-Dominated Financial Markets: Evidence from Hong Kong
American Accounting Association 2016 Annual Meeting and Conference on Teaching and Learning in Accounting, New York, NY, USA, 6-10 August 2016
Chen, Zhihong; Guan, Yuyan; Ke, Bin Conference paper
Tournament Incentives and Earnings Management
39th European Accounting Association Annual Congress 2016, Maastricht, The Netherlands, May, 2016
Chen, Zhihong; Hui, Kai Wai; You, Haifeng; Zhang, Yao Conference paper

2013 2

Are stock option grants to directors of state-controlled Chinese firms listed in Hong Kong genuine compensation?
Accounting Review, v. 88, (5), September 2013, p. 1547-1574
Chen, Zhihong; Guan, Yuyan; Ke, Bin Article
Minority shareholders' control rights and the quality of corporate decisions in weak investor protection countries: A natural experiment from China
Accounting Review, v. 88, (4), July 2013, p. 1211-1238
Chen, Zhihong; Ke, Bin; Yang, Zhifeng Article

2011 1

Agency Costs of Free Cash Flow and the Effect of Shareholder Rights on the Implied Cost of Equity Capital
Journal of Financial and Quantitative Analysis, v. 46, (1), February 2011, p. 171-207
Chen, Kevin C.W.; Chen, Zhihong; Wei, Kuo-chiang Article

2010 1

Regulation fair disclosure and the cost of equity capital
Review of accounting studies, v. 15, (1), 2010, p. 106-144
Chen, Z.; Dhaliwal, D.S.; Xie, H. Article

2009 1

Legal Protection of Investors, Corporate Governance, and the Cost of Equity Capital
Journal of Corporate Finance, v. 15, (3), June 2009, p. 273-289
Chen, Kevin C.W.; Chen, Zhihong; Wei, Kuo-chiang Article

2008 1

Legal Protection of Investors, Corporate Governance, and the Cost of Equity Capital
the 2008 Chinese Annual Conference in Finance, Beijing, China, October 2008
Chen, Kevin C.W.; Chen, Zhihong; Wei, Kuo-chiang Conference paper

2006 1

Earnings quality and the sensitivities of capital investment to accounting information
2006 annual meeting of American Accounting Association, Aug 06 - Aug 09, 2006
Chen, Zhihong Conference paper

2005 1

Corporate Governance, Agency Costs, and Expected Stock Returns: Evidence From Analysts’ Earnings Forecasts
4th Asian Corporate Governance Conference, Seoul, Korea, 19-20 May 2005
Chen, Kevin C.W.; Chen, Zhihong; Wei, Kuo-chiang Conference paper

2004 1

Disclosure, Corporate Governance, and the Cost of Equity Capital: Evidence from Emerging Markets
American Accounting Association 2004 Annual Conference, 9-11 August, 2004
Chen, Kevin C.W.; Chen, Zhihong; Wei, Kuo-chiang Conference paper

2003 1

Disclosure, Corporate Governance, and the Cost of Equity Capital: Evidence from Asia’s Emerging Markets
Corporate Governance, and the Cost of Equity Capital: Evidence from Asia's Emerging Markets, June 2003
Chen, Kevin C.W.; Chen, Zhihong; Wei, Kuo-chiang Article


Expand All Collapse All


Article 1

Restrictions on managerial outside job opportunities and corporate tax policy: Evidence from a natural experiment
Journal of Accounting and Public Policy, August 2021, article number 106879
Chen, Tai-yuan; Chen, Zhihong; Li, Yongbo


Expand All Collapse All


Article 2

Does Mandatory Retrospective Hedge Effectiveness Assessment under ASC 815 Provide Risk-Relevant Information?
Accounting Horizons, v. 34, (3), September 2020, p. 61-85
Chen, Zhihong; Liu, Alfred Zhu; Seow, Gim S.; Xie, Hong
Litigation Risk and Debt Contracting: Evidence from a Natural Experiment
Journal of Law & Economics, v. 63, (4), November 2020, p. 595-630
Chen, Zhihong; Li, Ningzhong; Shen, Jianghua


Expand All Collapse All


Article 3

Accounting Restatements and Corporate Cash Policy
Journal of Accounting, Auditing & Finance, v. 35, (2), November 2017, p. 290-317
Chen, huili; Chen, Zhihong; Dhaliwal, dan; Huang, yuan
Discussion of “How Does Being Public Affect Firm Investment? Further Evidence from China”
International Journal of Accounting, v. 52, (1), March 2017, p. 22-24
Chen, Zhihong
The Real Effect of the Initial Enforcement of Insider Trading Laws
Journal of Corporate Finance, v. 45, August 2017, p. 687-709
Chen, Zhihong; Huang, Yuan; Kusnadi, Yuanto; Wei, Kuo-chiang John

Conference paper 1

Order Backlog Disclosure before Seasoned Equity Offerings
The 2017 HKUST Accounting Research Symposium, The Hong Kong University of Science and Technology, Hong Kong, 15-16 December 2017
Chen, Szu Fan; Chen, Zhihong


Expand All Collapse All


Article 1

Directors' and officers' liability insurance and the cost of equity
Journal of Accounting and Economics, v. 61, (1), February 2016, p. 100-120
Chen, Zhihong; Li, Oliver Zhen; Zou, Hong

Conference paper 2

The Consequences of Regulating Insider Trading in Family Firms-Dominated Financial Markets: Evidence from Hong Kong
American Accounting Association 2016 Annual Meeting and Conference on Teaching and Learning in Accounting, New York, NY, USA, 6-10 August 2016
Chen, Zhihong; Guan, Yuyan; Ke, Bin
Tournament Incentives and Earnings Management
39th European Accounting Association Annual Congress 2016, Maastricht, The Netherlands, May, 2016
Chen, Zhihong; Hui, Kai Wai; You, Haifeng; Zhang, Yao


Expand All Collapse All


Article 2

Are stock option grants to directors of state-controlled Chinese firms listed in Hong Kong genuine compensation?
Accounting Review, v. 88, (5), September 2013, p. 1547-1574
Chen, Zhihong; Guan, Yuyan; Ke, Bin
Minority shareholders' control rights and the quality of corporate decisions in weak investor protection countries: A natural experiment from China
Accounting Review, v. 88, (4), July 2013, p. 1211-1238
Chen, Zhihong; Ke, Bin; Yang, Zhifeng


Expand All Collapse All


Article 1

Agency Costs of Free Cash Flow and the Effect of Shareholder Rights on the Implied Cost of Equity Capital
Journal of Financial and Quantitative Analysis, v. 46, (1), February 2011, p. 171-207
Chen, Kevin C.W.; Chen, Zhihong; Wei, Kuo-chiang


Expand All Collapse All


Article 1

Regulation fair disclosure and the cost of equity capital
Review of accounting studies, v. 15, (1), 2010, p. 106-144
Chen, Z.; Dhaliwal, D.S.; Xie, H.


Expand All Collapse All


Article 1

Legal Protection of Investors, Corporate Governance, and the Cost of Equity Capital
Journal of Corporate Finance, v. 15, (3), June 2009, p. 273-289
Chen, Kevin C.W.; Chen, Zhihong; Wei, Kuo-chiang


Expand All Collapse All


Conference paper 1

Legal Protection of Investors, Corporate Governance, and the Cost of Equity Capital
the 2008 Chinese Annual Conference in Finance, Beijing, China, October 2008
Chen, Kevin C.W.; Chen, Zhihong; Wei, Kuo-chiang


Expand All Collapse All


Conference paper 1

Earnings quality and the sensitivities of capital investment to accounting information
2006 annual meeting of American Accounting Association, Aug 06 - Aug 09, 2006
Chen, Zhihong


Expand All Collapse All


Conference paper 1

Corporate Governance, Agency Costs, and Expected Stock Returns: Evidence From Analysts’ Earnings Forecasts
4th Asian Corporate Governance Conference, Seoul, Korea, 19-20 May 2005
Chen, Kevin C.W.; Chen, Zhihong; Wei, Kuo-chiang


Expand All Collapse All


Conference paper 1

Disclosure, Corporate Governance, and the Cost of Equity Capital: Evidence from Emerging Markets
American Accounting Association 2004 Annual Conference, 9-11 August, 2004
Chen, Kevin C.W.; Chen, Zhihong; Wei, Kuo-chiang


Expand All Collapse All


Article 1

Disclosure, Corporate Governance, and the Cost of Equity Capital: Evidence from Asia’s Emerging Markets
Corporate Governance, and the Cost of Equity Capital: Evidence from Asia's Emerging Markets, June 2003
Chen, Kevin C.W.; Chen, Zhihong; Wei, Kuo-chiang


Expand All Collapse All


2016 3

Directors' and officers' liability insurance and the cost of equity
Journal of Accounting and Economics, v. 61, (1), February 2016, p. 100-120
Chen, Zhihong; Li, Oliver Zhen; Zou, Hong Article
The Consequences of Regulating Insider Trading in Family Firms-Dominated Financial Markets: Evidence from Hong Kong
American Accounting Association 2016 Annual Meeting and Conference on Teaching and Learning in Accounting, New York, NY, USA, 6-10 August 2016
Chen, Zhihong; Guan, Yuyan; Ke, Bin Conference paper
Tournament Incentives and Earnings Management
39th European Accounting Association Annual Congress 2016, Maastricht, The Netherlands, May, 2016
Chen, Zhihong; Hui, Kai Wai; You, Haifeng; Zhang, Yao Conference paper

2013 2

Are stock option grants to directors of state-controlled Chinese firms listed in Hong Kong genuine compensation?
Accounting Review, v. 88, (5), September 2013, p. 1547-1574
Chen, Zhihong; Guan, Yuyan; Ke, Bin Article
Minority shareholders' control rights and the quality of corporate decisions in weak investor protection countries: A natural experiment from China
Accounting Review, v. 88, (4), July 2013, p. 1211-1238
Chen, Zhihong; Ke, Bin; Yang, Zhifeng Article

2011 1

Agency Costs of Free Cash Flow and the Effect of Shareholder Rights on the Implied Cost of Equity Capital
Journal of Financial and Quantitative Analysis, v. 46, (1), February 2011, p. 171-207
Chen, Kevin C.W.; Chen, Zhihong; Wei, Kuo-chiang Article

2010 1

Regulation fair disclosure and the cost of equity capital
Review of accounting studies, v. 15, (1), 2010, p. 106-144
Chen, Z.; Dhaliwal, D.S.; Xie, H. Article

2009 1

Legal Protection of Investors, Corporate Governance, and the Cost of Equity Capital
Journal of Corporate Finance, v. 15, (3), June 2009, p. 273-289
Chen, Kevin C.W.; Chen, Zhihong; Wei, Kuo-chiang Article

2008 1

Legal Protection of Investors, Corporate Governance, and the Cost of Equity Capital
the 2008 Chinese Annual Conference in Finance, Beijing, China, October 2008
Chen, Kevin C.W.; Chen, Zhihong; Wei, Kuo-chiang Conference paper

2006 1

Earnings quality and the sensitivities of capital investment to accounting information
2006 annual meeting of American Accounting Association, Aug 06 - Aug 09, 2006
Chen, Zhihong Conference paper

2005 1

Corporate Governance, Agency Costs, and Expected Stock Returns: Evidence From Analysts’ Earnings Forecasts
4th Asian Corporate Governance Conference, Seoul, Korea, 19-20 May 2005
Chen, Kevin C.W.; Chen, Zhihong; Wei, Kuo-chiang Conference paper

2004 1

Disclosure, Corporate Governance, and the Cost of Equity Capital: Evidence from Emerging Markets
American Accounting Association 2004 Annual Conference, 9-11 August, 2004
Chen, Kevin C.W.; Chen, Zhihong; Wei, Kuo-chiang Conference paper

2003 1

Disclosure, Corporate Governance, and the Cost of Equity Capital: Evidence from Asia’s Emerging Markets
Corporate Governance, and the Cost of Equity Capital: Evidence from Asia's Emerging Markets, June 2003
Chen, Kevin C.W.; Chen, Zhihong; Wei, Kuo-chiang Article


No Publications


No Publications


No Publications






Teaching Assignment

---

2021-22 Winter 0 2021-22 Fall 2 2020-21 Summer 0 2020-21 Spring 1 2020-21 Winter 0 2020-21 Fall 1

---

ACCT5100 Financial Accounting Foundations
ACCT5150 Accounting Foundations


ACCT5150 Accounting Foundations


ACCT5100 Financial Accounting Foundations


No Teaching Assignments


No Teaching Assignments


No Teaching Assignments









ProjectsFrom January 2020 to December 2022

---

All Projects 1

---

No Projects.
Non-GAAP Reporting and Corporate Investment


非一般公認會計準則報告與企業投資 Leading


RGC - General Research Fund


Project Team (HKUST)
CHEN Zhihong (Lead)


2019 - 2021